Mobivity Holdings Corp. (MFON) intrinsic value & 10-year financials

Mobivity Holdings Corp. (MFON) has a Graham intrinsic value of $2.62 per share. At $0.04 on Oct 17, 2026, the stock trades 98% below that value. Over the last 10 fiscal years revenue shrank 14.4% a year to $1.1M, with an average return on invested capital of -362.0%.

Graham intrinsic value
$2.62
Share price (Oct 17, 2026)
$0.04
Price vs Graham value
98% below
Market cap
$2.8M
Revenue (FY2024)
$1.1M
Revenue growth (10-yr CAGR)
-14.4%
ROIC (10-yr avg)
-362.0%
Free cash flow (FY2024)
-$6.1M

MFON 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2024 $1.1M -$10.2M -$0.15 -$6.1M -623.2% 326.4%
FY2023 $7.0M -$12.1M -$0.18 -$8.1M -157.7% 341.6%
FY2022 $7.5M -$10.1M -$0.17 -$6.7M -122.4% 280.8%
FY2021 $8.2M -$8.3M — -$4.6M -108.5% 891.3%
FY2020 $13.3M -$2.9M — -$1.3M -14.8% -676.4%
FY2019 $10.1M -$8.8M — -$5.8M -83.4% -1114.2%
FY2018 $11.6M -$7.2M — -$4.6M -60.5% -2441.4%
FY2017 $8.6M -$5.9M — -$2.4M -67.2% -694.8%
FY2016 $8.4M -$9.5M — -$3.1M -65.3% -407.5%
FY2015 $4.6M -$6.1M — -$4.0M -135.2% -125.8%

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

Executive summary

MOBIVITY HOLDINGS CORP. is facing top-line stagnation, with revenue contracting over the decade.

MOBIVITY HOLDINGS CORP. has historically struggled to out-earn its cost of capital, averaging just -16.1% ROIC.

MOBIVITY HOLDINGS CORP. 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, MOBIVITY HOLDINGS CORP. is modeled at -14.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $2.62 per share.

MFON stock: frequently asked questions

What is the intrinsic value of Mobivity Holdings Corp. (MFON) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -14.4% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, MFON's intrinsic value is about $2.62 per share.

Is MFON stock undervalued?

At $0.04 (close on Oct 17, 2026), MFON trades 98% below its Graham value of $2.62. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has Mobivity Holdings Corp. grown?

Revenue went from $4.6M in fiscal 2015 to $1.1M in fiscal 2024, a compound annual growth rate of -14.4%. Net income was -$10.2M in fiscal 2024.

Does Mobivity Holdings Corp. generate free cash flow?

Mobivity Holdings Corp. generated -$6.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2024. Free cash flow was positive in 0 of the last 10 reported years.

What is MFON's return on invested capital?

Average ROIC over the last 10 fiscal years was -362.0%, and average return on equity was -1489.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this MFON data come from?

From Mobivity Holdings Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Dec 29, 2025. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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