Jade Biosciences, Inc. (JBIO) intrinsic value & 10-year financials

Jade Biosciences, Inc. (JBIO) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$13.47
Market cap
$422.4M
Revenue (FY2025)
—
ROIC (10-yr avg)
-39.0%
Free cash flow (FY2025)
-$94.9M

JBIO 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$127.4M -$3.19 -$94.9M — -79.0%
FY2024 — -$69.6M -$2.44 — — -115.7%
FY2023 — -$75.5M -$2.87 -$56.9M — -85.1%
FY2022 — -$51.5M -$2.10 -$39.3M — -47.6%
FY2021 — -$23.0M -$0.94 -$27.6M — -19.4%
FY2020 — -$9.6M — — — 113.2%
FY2019 — — — — — —

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

Executive summary

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

Jade Biosciences, Inc. has historically struggled to out-earn its cost of capital, averaging just -69.4% ROIC.

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

Benjamin Graham lens

Jade Biosciences, 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.

JBIO stock: frequently asked questions

What is the intrinsic value of Jade Biosciences, Inc. (JBIO) stock?

Graham's formula only works with positive earnings. Jade Biosciences, Inc. reported diluted EPS of -$3.19 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Jade Biosciences, Inc. generate free cash flow?

Jade Biosciences, Inc. generated -$94.9M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 4 reported years.

What is JBIO's return on invested capital?

Average ROIC over the last 7 fiscal years was -39.0%, and average return on equity was -25.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this JBIO data come from?

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

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