Resonate Blends, Inc. (KOAN) intrinsic value & 10-year financials

Resonate Blends, Inc. (KOAN) has a Graham intrinsic value of $0.33 per share. Over the last 10 fiscal years revenue grew 36.4% a year to $1.9M, with an average return on invested capital of 445.3%.

Graham intrinsic value
$0.33
Share price (Oct 17, 2026)
$0.00
Market cap
$32.0K
Revenue (FY2024)
$1.9M
Revenue growth (10-yr CAGR)
36.4%
ROIC (10-yr avg)
445.3%
Free cash flow (FY2024)
-$1.0M

KOAN 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2024 $1.9M -$2.1M -$0.02 -$1.0M -89.5% 80.0%
FY2023 $16.5K -$1.4M -$0.02 $10.2K -2424.2% 86.3%
FY2022 $49.5K $653.6K $0.01 -$1.4M -2806.8% -24.9%
FY2021 $27.0K -$4.9M — -$2.8M -9364.8% 191.2%
FY2020 — -$1.9M — -$1.4M — 245.2%
FY2019 $1.1M -$3.7M — -$810.4K -316.4% 2362.3%
FY2018 $1.1M $21.0K — -$102.8K -28.8% -21.4%
FY2017 $943.7K -$7.6M — -$190.9K -693.9% 925.1%
FY2016 $103.1K -$3.3M — -$457.6K -791.2% 286.0%
FY2015 $116.3K -$3.6M — — -2585.1% 322.9%

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

Executive summary

Resonate Blends, Inc. is a consistent compounder, expanding top-line revenue at 36.4% annually over the past decade.

Resonate Blends, Inc. has earned high returns on invested capital, averaging 16.3% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

Resonate Blends, Inc. 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, Resonate Blends, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.33 per share.

KOAN stock: frequently asked questions

What is the intrinsic value of Resonate Blends, Inc. (KOAN) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, KOAN's intrinsic value is about $0.33 per share.

How fast has Resonate Blends, Inc. grown?

Revenue went from $116.3K in fiscal 2015 to $1.9M in fiscal 2024, a compound annual growth rate of 36.4%. Net income was -$2.1M in fiscal 2024.

Does Resonate Blends, Inc. generate free cash flow?

Resonate Blends, Inc. generated -$1.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2024. Free cash flow was positive in 1 of the last 9 reported years.

What is KOAN's return on invested capital?

Average ROIC over the last 10 fiscal years was 445.3%, and average return on equity was 445.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this KOAN data come from?

From Resonate Blends, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 7, 2025. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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