INTELLINETICS, Inc. (INLX) intrinsic value & 10-year financials
INTELLINETICS, Inc. (INLX) has a Graham intrinsic value of $3.65 per share. At $4.68 on Oct 17, 2026, the stock trades 28% above that value. Over the last 10 fiscal years revenue grew 22.9% a year to $16.6M, with an average return on invested capital of 4.0%.
- Graham intrinsic value
- $3.65
- Share price (Oct 17, 2026)
- $4.68
- Price vs Graham value
- 28% above
- Market cap
- $20.1M
- Revenue (FY2025)
- $16.6M
- Revenue growth (10-yr CAGR)
- 22.9%
- ROIC (10-yr avg)
- 4.0%
- Free cash flow (FY2025)
- $579.5K
INLX 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $16.6M | -$1.9M | -$0.44 | $579.5K | -10.8% | -19.5% |
| FY2024 | $18.0M | -$546.2K | -$0.13 | $3.4M | -1.0% | -5.4% |
| FY2023 | $16.9M | $519.3K | $0.11 | $673.4K | 6.6% | 4.6% |
| FY2022 | $14.0M | $24.0K | $0.01 | $1.8M | 5.9% | 0.3% |
| FY2021 | $11.5M | $1.4M | $0.44 | $799.5K | 8.4% | 25.8% |
| FY2020 | $8.3M | -$2.2M | -$0.91 | $48.1K | -24.7% | -344.6% |
| FY2019 | $2.5M | -$2.1M | — | -$987.7K | -45.5% | 80.9% |
| FY2018 | $2.4M | -$2.3M | — | -$1.2M | -61.9% | 124.9% |
| FY2017 | $2.6M | -$1.4M | — | -$1.1M | -44.6% | 80.7% |
| FY2016 | $2.6M | -$1.6M | — | -$1.3M | -52.7% | 92.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
INTELLINETICS, INC. is a consistent compounder, expanding top-line revenue at 22.9% annually over the past decade.
INTELLINETICS, INC. has earned high returns on invested capital, averaging 38.1% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
INTELLINETICS, INC. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, INTELLINETICS, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $3.65 per share.