Quince Therapeutics, Inc. (QNCX) intrinsic value & 10-year financials

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

Graham intrinsic value
—
Revenue (FY2025)
—
Revenue growth (9-yr CAGR)
16.4%
ROIC (10-yr avg)
-149.7%
Free cash flow (FY2025)
-$41.8M

QNCX 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$84.0M -$1.68 -$41.8M — -750.1%
FY2024 — -$56.8M -$1.31 -$32.2M — -98.1%
FY2023 — -$31.4M -$0.84 -$18.5M — -51.6%
FY2022 $262.0K -$51.7M -$1.54 -$44.2M -19853.1% -98.3%
FY2021 $225.0K -$89.9M -$3.03 -$63.1M -40141.3% -94.8%
FY2020 — -$76.8M — -$50.9M — -55.8%
FY2019 — -$37.0M — -$33.3M — -94.5%
FY2018 — -$12.5M — -$11.9M — 45.8%
FY2017 — — — — — —

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

Executive summary

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

Quince Therapeutics, Inc. has historically struggled to out-earn its cost of capital, averaging just -56.9% ROIC.

Quince Therapeutics, 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, Quince Therapeutics, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-55.80 per share.

QNCX stock: frequently asked questions

What is the intrinsic value of Quince Therapeutics, Inc. (QNCX) stock?

Graham's formula only works with positive earnings. Quince Therapeutics, Inc. reported diluted EPS of -$1.68 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Quince Therapeutics, Inc. generate free cash flow?

Quince Therapeutics, Inc. generated -$41.8M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 8 reported years.

What is QNCX's return on invested capital?

Average ROIC over the last 9 fiscal years was -149.7%, and average return on equity was 334.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this QNCX data come from?

From Quince Therapeutics, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 11, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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