Jones Soda Co. (JSDA) intrinsic value & 10-year financials
Jones Soda Co. (JSDA) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 5.5% a year to $25.3M, with an average return on invested capital of -567.2%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $0.26
- Market cap
- $29.9M
- Revenue (FY2025)
- $25.3M
- Revenue growth (10-yr CAGR)
- 5.5%
- ROIC (10-yr avg)
- -567.2%
- Free cash flow (FY2025)
- -$1.7M
JSDA 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $25.3M | -$1.8M | -$0.01 | -$1.7M | -18.8% | -263.2% |
| FY2024 | $19.2M | -$9.9M | -$0.09 | -$5.9M | -51.7% | -204.0% |
| FY2023 | $16.7M | -$4.9M | -$0.05 | -$3.9M | -29.3% | -128.5% |
| FY2022 | $19.1M | -$6.4M | — | -$6.0M | -31.9% | -303.7% |
| FY2021 | $14.8M | -$1.8M | — | -$2.6M | -12.9% | -1071.3% |
| FY2020 | $11.9M | -$3.0M | — | -$1.7M | -23.8% | -2020.0% |
| FY2019 | $11.5M | -$2.8M | — | -$3.5M | -20.4% | -73.2% |
| FY2018 | $12.6M | -$2.1M | — | -$1.8M | -14.5% | -1522.5% |
| FY2017 | $13.3M | -$1.3M | — | -$63.0K | -8.3% | -81.0% |
| FY2016 | $15.7M | -$183.0K | — | -$351.0K | -0.5% | -4.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
JONES SODA CO. has demonstrated mature, steady growth, with revenue compounding at 5.5% annually over the past decade.
JONES SODA CO. has historically struggled to out-earn its cost of capital, averaging just -34.1% ROIC.
JONES SODA CO. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, JONES SODA CO. is modeled at 5.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-0.17 per share.