Parkervision Inc. (PRKR) intrinsic value & 10-year financials
Parkervision Inc. (PRKR) has a Graham intrinsic value of $2.66 per share. At $0.09 on Oct 17, 2026, the stock trades 97% below that value. Over the last 10 fiscal years revenue grew 29.6% a year to $0, with an average return on invested capital of 78.2%.
- Graham intrinsic value
- $2.66
- Share price (Oct 17, 2026)
- $0.09
- Price vs Graham value
- 97% below
- Market cap
- $8.0M
- Revenue (FY2025)
- $0
- Revenue growth (10-yr CAGR)
- 29.6%
- ROIC (10-yr avg)
- 78.2%
- Free cash flow (FY2025)
- -$5.1M
PRKR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $0 | -$7.4M | — | -$5.1M | — | 14.8% |
| FY2024 | $0 | -$14.5M | -$0.16 | — | — | 31.4% |
| FY2023 | $25.0M | $9.5M | $0.08 | $10.8M | — | -20.8% |
| FY2022 | $925.0K | -$9.8M | -$0.13 | -$3.0M | — | 20.6% |
| FY2021 | $144.0K | -$12.3M | — | -$7.7M | — | 27.6% |
| FY2020 | $0 | -$19.6M | — | -$4.8M | — | 52.4% |
| FY2019 | — | -$9.5M | — | -$3.4M | — | 35.0% |
| FY2018 | $135.0K | -$20.9M | — | -$10.3M | — | 122.9% |
| FY2017 | $100.0K | -$19.3M | — | -$14.3M | — | 213.6% |
| FY2016 | $4.1M | -$21.5M | — | -$14.4M | — | 284.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
PARKERVISION INC revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
PARKERVISION INC has earned high returns on invested capital, averaging 28.9% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
PARKERVISION INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, PARKERVISION INC is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $2.66 per share.