Invo Fertility, Inc. (IVF) intrinsic value & 10-year financials

Invo Fertility, Inc. (IVF) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 72.4% a year to $6.8M, with an average return on invested capital of 85.2%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.56
Market cap
$65.3K
Revenue (FY2025)
$6.8M
Revenue growth (10-yr CAGR)
72.4%
ROIC (10-yr avg)
85.2%
Free cash flow (FY2025)
-$7.1M

IVF 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $6.8M -$23.3M -$214.64 -$7.1M -105.8% -47.9%
FY2024 $6.6M -$9.1M -$30.19 -$3.2M -123.8% -58.2%
FY2023 $3.0M -$8.0M -$5.13 -$5.2M -224.0% -199.5%
FY2022 $822.2K -$10.9M -$0.90 -$6.6M -1292.5% -514.7%
FY2021 $4.2M -$6.7M -$0.63 -$6.4M -125.4% 1357.3%
FY2020 $1.0M -$8.3M -$0.76 -$4.8M -531.7% 120.3%
FY2019 $1.5M -$2.2M -$0.01 $1.3M -120.8% 45.8%
FY2018 $61.0K -$3.1M -$0.01 -$672.4K -4318.1% 89.7%
FY2017 $282.1K -$702.2K $0.00 -$181.3K -227.0% 13.3%
FY2016 $50.9K -$2.1M -$0.01 -$339.6K -4146.1% 45.7%

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

Executive summary

INVO Fertility, Inc. is a consistent compounder, expanding top-line revenue at 72.4% annually over the past decade.

INVO Fertility, Inc. has earned high returns on invested capital, averaging 21.5% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

Over the decade, INVO Fertility, Inc. shows that management has aggressively returned capital to shareholders by retiring 100.0% of outstanding shares.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, INVO Fertility, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-7129.41 per share.

IVF stock: frequently asked questions

What is the intrinsic value of Invo Fertility, Inc. (IVF) stock?

Graham's formula only works with positive earnings. Invo Fertility, Inc. reported diluted EPS of -$214.64 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

How fast has Invo Fertility, Inc. grown?

Revenue went from $50.9K in fiscal 2016 to $6.8M in fiscal 2025, a compound annual growth rate of 72.4%. Net income was -$23.3M in fiscal 2025.

Does Invo Fertility, Inc. generate free cash flow?

Invo Fertility, Inc. generated -$7.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 1 of the last 10 reported years.

What is IVF's return on invested capital?

Average ROIC over the last 10 fiscal years was 85.2%, and average return on equity was 1752.5%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this IVF data come from?

From Invo Fertility, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Jun 22, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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