NEXGEL, Inc. (NXGL) intrinsic value & 10-year financials

NEXGEL, Inc. (NXGL) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 9 fiscal years revenue grew 26.4% a year to $11.4M, with an average return on invested capital of -252.0%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$5.59
Market cap
$43.9M
Revenue (FY2025)
$11.4M
Revenue growth (9-yr CAGR)
26.4%
ROIC (10-yr avg)
-252.0%
Free cash flow (FY2025)
-$1.4M

NXGL 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $11.4M -$3.0M -$0.38 -$1.4M -29.3% -45.0%
FY2024 $8.7M -$3.3M -$0.50 -$4.3M -40.9% -59.4%
FY2023 $4.1M -$3.2M -$0.56 -$3.9M -85.0% -48.7%
FY2022 $2.0M -$4.7M -$0.85 -$3.1M -163.5% -75.3%
FY2021 $1.6M -$4.3M -$1.45 -$3.0M -165.7% -460.6%
FY2020 $674.0K -$2.3M -$0.03 -$2.1M -335.3% -308.3%
FY2019 $717.0K -$1.9M -$0.02 -$1.8M -268.3% -346.7%
FY2018 $2.2M -$1.9M -$0.06 — -85.3% -671.9%
FY2017 — — — — — —

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

Executive summary

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

NEXGEL, INC. has historically struggled to out-earn its cost of capital, averaging just -30.8% ROIC.

NEXGEL, 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, NEXGEL, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-12.62 per share.

NXGL stock: frequently asked questions

What is the intrinsic value of NEXGEL, Inc. (NXGL) stock?

Graham's formula only works with positive earnings. NEXGEL, Inc. reported diluted EPS of -$0.38 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does NEXGEL, Inc. generate free cash flow?

NEXGEL, Inc. generated -$1.4M 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 NXGL's return on invested capital?

Average ROIC over the last 9 fiscal years was -252.0%, and average return on equity was -286.8%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this NXGL data come from?

From NEXGEL, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 14, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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