Lyra Therapeutics, Inc. (LYRA) intrinsic value & 10-year financials

Lyra Therapeutics, Inc. (LYRA) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 8.7% a year to $398.0K, with an average return on invested capital of -8235.5%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.19
Market cap
$295.2K
Revenue (FY2025)
$398.0K
Revenue growth (8-yr CAGR)
8.7%
ROIC (10-yr avg)
-8235.5%
Free cash flow (FY2025)
-$29.0M

LYRA 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $398.0K -$28.9M -$18.62 -$29.0M -7794.5% -57985.0%
FY2024 $1.5M -$93.4M -$1.43 -$72.3M -6280.8% -214.6%
FY2023 $1.6M -$62.7M -$1.26 -$64.4M -4308.1% -97.7%
FY2022 $1.4M -$55.3M -$1.83 -$43.5M -4131.0% -297.8%
FY2021 $285.0K -$43.5M -$3.35 -$29.2M -15303.5% 899.4%
FY2020 — -$22.1M — -$22.9M — 34.3%
FY2019 — -$16.3M — -$14.0M — 12.6%
FY2018 — — — — — —

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

Executive summary

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

Lyra Therapeutics, Inc. has historically struggled to out-earn its cost of capital, averaging just -89.5% ROIC.

Lyra Therapeutics, 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, Lyra Therapeutics, Inc. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-393.58 per share.

LYRA stock: frequently asked questions

What is the intrinsic value of Lyra Therapeutics, Inc. (LYRA) stock?

Graham's formula only works with positive earnings. Lyra Therapeutics, Inc. reported diluted EPS of -$18.62 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Lyra Therapeutics, Inc. generate free cash flow?

Lyra Therapeutics, Inc. generated -$29.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 7 reported years.

What is LYRA's return on invested capital?

Average ROIC over the last 8 fiscal years was -8235.5%, and average return on equity was -989.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this LYRA data come from?

From Lyra Therapeutics, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Mar 31, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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