Oruka Therapeutics, Inc. (ORKA) intrinsic value & 10-year financials

Oruka Therapeutics, Inc. (ORKA) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$71.93
Market cap
$1.0B
Revenue (FY2025)
—
ROIC (10-yr avg)
440.7%
Free cash flow (FY2025)
-$88.4M

ORKA 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$105.4M — -$88.4M — -28.2%
FY2024 — — — — — —
FY2023 $0 -$5.3M -$0.37 -$5.0M — 2087.6%
FY2022 $0 -$9.9M -$0.69 -$10.9M — 873.9%
FY2021 $0 -$19.3M -$1.39 -$18.8M — 949.2%
FY2020 $0 -$9.7M — -$7.7M — 455.7%
FY2019 $0 -$5.5M — -$4.8M — -82.7%
FY2018 $0 -$7.9M — -$8.2M — -99.2%
FY2017 $0 -$18.5M — -$17.5M — -114.9%
FY2016 $0 -$16.4M — -$15.0M — -74.9%

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

Executive summary

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

Oruka Therapeutics, Inc. has historically struggled to out-earn its cost of capital, averaging just -39.6% ROIC.

Oruka Therapeutics, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Oruka Therapeutics, Inc. is evaluated under Benjamin Graham's defensive framework using SEC EDGAR fundamentals using an 8.5 + 2g earnings multiple and a 5.1% AAA bond-yield baseline.

ORKA stock: frequently asked questions

Does Oruka Therapeutics, Inc. generate free cash flow?

Oruka Therapeutics, Inc. generated -$88.4M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 9 reported years.

What is ORKA's return on invested capital?

Average ROIC over the last 10 fiscal years was 440.7%, and average return on equity was -55.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ORKA data come from?

From Oruka Therapeutics, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 13, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

Similar pharmaceutical preparations stocks