Lenz Therapeutics, Inc. (LENZ) intrinsic value & 10-year financials

Lenz Therapeutics, Inc. (LENZ) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue reached to $19.1M, with an average return on invested capital of -120.5%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$3.27
Market cap
$94.2M
Revenue (FY2025)
$19.1M
ROIC (10-yr avg)
-120.5%
Free cash flow (FY2025)
-$70.0M

LENZ 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $19.1M -$82.1M -$2.85 -$70.0M -477.5% -41.0%
FY2024 $0 -$49.8M -$2.34 -$59.9M — -63.6%
FY2023 — -$124.7M -$2.19 -$100.9M — -108.1%
FY2022 — -$101.1M -$1.84 -$94.6M — -80.3%
FY2021 — -$70.8M -$2.45 -$58.6M — -469.7%
FY2020 — -$68.4M — -$10.3M — 39.9%
FY2019 — — — — — —

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

Executive summary

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

LENZ Therapeutics, Inc. has historically struggled to out-earn its cost of capital, averaging just -59.5% ROIC.

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

Benjamin Graham lens

LENZ Therapeutics, 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.

LENZ stock: frequently asked questions

What is the intrinsic value of Lenz Therapeutics, Inc. (LENZ) stock?

Graham's formula only works with positive earnings. Lenz Therapeutics, Inc. reported diluted EPS of -$2.85 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Lenz Therapeutics, Inc. generate free cash flow?

Lenz Therapeutics, Inc. generated -$70.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 6 reported years.

What is LENZ's return on invested capital?

Average ROIC over the last 7 fiscal years was -120.5%, and average return on equity was 2.8%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this LENZ data come from?

From Lenz Therapeutics, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 11, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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