Marpai, Inc. (MRAI) intrinsic value & 10-year financials
Marpai, Inc. (MRAI) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue shrank 0.3% a year to $18.1M, with an average return on invested capital of -173.1%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $3.13
- Market cap
- $54.4M
- Revenue (FY2025)
- $18.1M
- Revenue growth (7-yr CAGR)
- -0.3%
- ROIC (10-yr avg)
- -173.1%
- Free cash flow (FY2025)
- —
MRAI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $18.1M | -$16.6M | -$0.95 | — | -74.9% | 242.7% |
| FY2024 | $28.2M | -$22.1M | -$1.92 | — | -78.4% | -510.0% |
| FY2023 | $37.2M | -$28.8M | -$4.14 | — | -75.3% | -209.5% |
| FY2022 | $24.3M | -$26.5M | -$1.31 | -$35.6M | -110.7% | -181.2% |
| FY2021 | $14.2M | -$16.0M | -$0.80 | -$11.1M | -111.5% | -458.2% |
| FY2020 | $18.4M | -$3.9M | -$0.20 | -$2.0M | -18.3% | 77.9% |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Marpai, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Marpai, Inc. returns on capital have been average, hovering around 11.1% ROIC over the decade.
Marpai, 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, Marpai, Inc. is modeled at -0.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-6.44 per share.