Lantern Pharma Inc. (LTRN) intrinsic value & 10-year financials

Lantern Pharma Inc. (LTRN) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.67
Market cap
$7.3M
Revenue (FY2025)
—
ROIC (10-yr avg)
-168.6%
Free cash flow (FY2025)
-$15.7M

LTRN 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$17.1M -$1.57 -$15.7M — -124.7%
FY2024 — -$20.8M -$1.93 -$17.8M — -126.9%
FY2023 — -$16.0M -$1.47 -$14.4M — -83.9%
FY2022 — -$14.3M -$1.31 -$12.8M — -70.9%
FY2021 — -$12.4M — -$10.6M — -61.5%
FY2020 — -$5.9M — — — -57.2%
FY2019 — -$2.4M — — — -655.0%
FY2018 — — — — — —

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

Executive summary

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

Lantern Pharma Inc. has historically struggled to out-earn its cost of capital, averaging just -76.0% ROIC.

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

Benjamin Graham lens

Lantern Pharma 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.

LTRN stock: frequently asked questions

What is the intrinsic value of Lantern Pharma Inc. (LTRN) stock?

Graham's formula only works with positive earnings. Lantern Pharma Inc. reported diluted EPS of -$1.57 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Lantern Pharma Inc. generate free cash flow?

Lantern Pharma Inc. generated -$15.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 5 reported years.

What is LTRN's return on invested capital?

Average ROIC over the last 8 fiscal years was -168.6%, and average return on equity was -140.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this LTRN data come from?

From Lantern Pharma Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 15, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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