OneMedNet Corp. (ONMD) intrinsic value & 10-year financials

OneMedNet Corp. (ONMD) has a Graham intrinsic value of $0.51 per share. At $4.51 on Oct 17, 2026, the stock trades 784% above that value. Over the last 5 fiscal years revenue grew 5.6% a year to $1.4M, with an average return on invested capital of 79.9%.

Graham intrinsic value
$0.51
Share price (Oct 17, 2026)
$4.51
Price vs Graham value
784% above
Market cap
$200.9M
Revenue (FY2025)
$1.4M
Revenue growth (5-yr CAGR)
5.6%
ROIC (10-yr avg)
79.9%
Free cash flow (FY2025)
-$7.5M

ONMD 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.4M -$2.8M -$0.06 -$7.5M -711.3% 130.5%
FY2024 $643.0K -$10.1M -$0.36 -$7.0M -1493.8% 81.9%
FY2023 $1.0M -$23.2M -$0.98 $8.2M -819.7% 69.9%
FY2022 $1.2M $336.7K $0.03 -$998.6K -460.6% 37.2%
FY2021 — — — — — —

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

Executive summary

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

OneMedNet Corp has earned high returns on invested capital, averaging 79.9% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

OneMedNet 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, OneMedNet Corp is modeled at 5.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.51 per share.

ONMD stock: frequently asked questions

What is the intrinsic value of OneMedNet Corp. (ONMD) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 5.6% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, ONMD's intrinsic value is about $0.51 per share.

Is ONMD stock undervalued?

At $4.51 (close on Oct 17, 2026), ONMD trades 784% above its Graham value of $0.51. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does OneMedNet Corp. generate free cash flow?

OneMedNet Corp. generated -$7.5M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 1 of the last 4 reported years.

What is ONMD's return on invested capital?

Average ROIC over the last 5 fiscal years was 79.9%, and average return on equity was 77.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ONMD data come from?

From OneMedNet Corp.'s annual 10-K filings on SEC EDGAR, most recently filed May 15, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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