Nexalin Technology, Inc. (NXL) intrinsic value & 10-year financials

Nexalin Technology, Inc. (NXL) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 6 fiscal years revenue grew 20.3% a year to $301.6K, with an average return on invested capital of -75.5%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$2.35
Market cap
$38.5M
Revenue (FY2025)
$301.6K
Revenue growth (6-yr CAGR)
20.3%
ROIC (10-yr avg)
-75.5%
Free cash flow (FY2025)
—

NXL 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $301.6K -$8.2M -$0.50 — -2781.7% -221.5%
FY2024 $168.7K -$7.6M -$0.83 — -4596.1% -221.1%
FY2023 $110.7K -$4.6M -$0.63 — -5143.5% -87.4%
FY2022 $1.3M -$1.7M -$0.30 — -138.7% -112.2%
FY2021 $144.1K -$6.1M — — -4177.7% 264.9%
FY2020 — — — — — —

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

Executive summary

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

Nexalin Technology, Inc. has historically struggled to out-earn its cost of capital, averaging just -40.3% ROIC.

Nexalin Technology, 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, Nexalin Technology, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-16.61 per share.

NXL stock: frequently asked questions

What is the intrinsic value of Nexalin Technology, Inc. (NXL) stock?

Graham's formula only works with positive earnings. Nexalin Technology, Inc. reported diluted EPS of -$0.50 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

What is NXL's return on invested capital?

Average ROIC over the last 6 fiscal years was -75.5%, and average return on equity was -53.5%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this NXL data come from?

From Nexalin Technology, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 8, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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