Io Biotech, Inc. (IOBTQ) intrinsic value & 10-year financials

Io Biotech, Inc. (IOBTQ) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.00
Market cap
$6.6K
Revenue (FY2024)
—
ROIC (10-yr avg)
1545.8%
Free cash flow (FY2024)
-$82.4M

IOBTQ 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2024 — -$95.5M -$1.45 -$82.4M — 951.3%
FY2023 — -$86.1M -$1.98 -$72.1M — 1894.6%
FY2022 — -$71.5M -$2.48 -$60.4M — 4888.7%
FY2021 — -$67.9M -$17.30 -$40.8M — -46.7%
FY2020 — -$12.0M — — — 40.9%
FY2019 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

IO Biotech, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

IO Biotech, Inc. returns on capital have been average, hovering around 14.3% ROIC over the decade.

IO Biotech, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

IO Biotech, Inc. is evaluated under Benjamin Graham's defensive framework using SEC EDGAR fundamentals using an 8.5 + 2g earnings multiple and a 5.1% AAA bond-yield baseline.

IOBTQ stock: frequently asked questions

What is the intrinsic value of Io Biotech, Inc. (IOBTQ) stock?

Graham's formula only works with positive earnings. Io Biotech, Inc. reported diluted EPS of -$1.45 in fiscal 2024, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Io Biotech, Inc. generate free cash flow?

Io Biotech, Inc. generated -$82.4M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2024. Free cash flow was positive in 0 of the last 4 reported years.

What is IOBTQ's return on invested capital?

Average ROIC over the last 6 fiscal years was 1545.8%, and average return on equity was -49.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this IOBTQ data come from?

From Io Biotech, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Nov 14, 2025. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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