Lucid Diagnostics Inc. (LUCD) intrinsic value & 10-year financials

Lucid Diagnostics Inc. (LUCD) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 75.2% a year to $4.7M, with an average return on invested capital of -413.1%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.48
Market cap
$24.1M
Revenue (FY2025)
$4.7M
Revenue growth (7-yr CAGR)
75.2%
ROIC (10-yr avg)
-413.1%
Free cash flow (FY2025)
-$46.7M

LUCD 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $4.7M -$58.0M — -$46.7M -1054.8% 261.2%
FY2024 $4.3M -$45.5M -$1.05 -$44.4M -1059.6% 254.6%
FY2023 $2.4M -$52.7M -$1.26 — -1996.8% 543.0%
FY2022 $377.0K -$56.2M -$1.55 -$32.9M -14899.5% -3488.9%
FY2021 $500.0K -$28.1M — -$18.5M -5483.8% -136.2%
FY2020 — -$8.3M — — — 88.0%
FY2019 — — — — — —

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

Executive summary

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

Lucid Diagnostics Inc. has historically struggled to out-earn its cost of capital, averaging just -12.1% ROIC.

Lucid Diagnostics 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, Lucid Diagnostics Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-38.14 per share.

LUCD stock: frequently asked questions

Does Lucid Diagnostics Inc. generate free cash flow?

Lucid Diagnostics Inc. generated -$46.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 4 reported years.

What is LUCD's return on invested capital?

Average ROIC over the last 7 fiscal years was -413.1%, and average return on equity was -728.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this LUCD data come from?

From Lucid Diagnostics Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 13, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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