LeonaBio, Inc. (LONA) intrinsic value & 10-year financials

LeonaBio, Inc. (LONA) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
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Share price (Oct 17, 2026)
$5.20
Market cap
$22.2M
Revenue (FY2025)
—
ROIC (10-yr avg)
-33.3%
Free cash flow (FY2025)
—

LONA 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$105.6M -$24.70 — — 465.5%
FY2024 — -$96.9M -$2.52 -$97.2M — -509.8%
FY2023 — -$117.7M -$3.09 -$101.1M — -129.6%
FY2022 — -$95.6M -$2.53 -$73.6M — -54.2%
FY2021 — -$54.9M -$1.49 -$44.7M — -25.7%
FY2020 — -$20.0M — -$26.4M — -9.3%
FY2019 — -$5.2M — — — 29.8%
FY2018 — — — — — —

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

Executive summary

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

LeonaBio, Inc. has historically struggled to out-earn its cost of capital, averaging just -27.1% ROIC.

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

Benjamin Graham lens

LeonaBio, 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.

LONA stock: frequently asked questions

What is the intrinsic value of LeonaBio, Inc. (LONA) stock?

Graham's formula only works with positive earnings. LeonaBio, Inc. reported diluted EPS of -$24.70 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

What is LONA's return on invested capital?

Average ROIC over the last 8 fiscal years was -33.3%, and average return on equity was -72.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this LONA data come from?

From LeonaBio, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 7, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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