Quanterix Corp. (QTRX) intrinsic value & 10-year financials

Quanterix Corp. (QTRX) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 25.8% a year to $138.9M, with an average return on invested capital of 3995.5%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$2.87
Market cap
$122.4M
Revenue (FY2025)
$138.9M
Revenue growth (10-yr CAGR)
25.8%
ROIC (10-yr avg)
3995.5%
Free cash flow (FY2025)
-$79.8M

QTRX 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $138.9M -$107.2M -$2.51 -$79.8M -90.4% -39.9%
FY2024 $137.4M -$38.5M -$1.00 -$38.5M -38.3% -20.4%
FY2023 $122.4M -$32.3M -$0.86 -$22.7M -40.6% -36.6%
FY2022 $105.5M -$96.7M -$2.61 -$60.0M -96.4% -160.7%
FY2021 $110.6M -$57.7M -$1.60 -$61.5M -53.0% -92.4%
FY2020 $86.4M -$31.5M -$1.07 -$27.3M -36.6% -70.2%
FY2019 $56.7M -$40.8M -$1.63 -$37.0M -73.3% -263.6%
FY2018 $37.6M -$31.5M — -$30.2M -83.8% 36057.1%
FY2017 $22.9M -$27.0M — -$23.2M -113.7% 586.5%
FY2016 $17.6M -$23.2M — -$18.3M -123.5% —

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

Executive summary

Quanterix Corp is a consistent compounder, expanding top-line revenue at 25.8% annually over the past decade.

Quanterix Corp returns on capital have been average, hovering around 11.4% ROIC over the decade.

Quanterix 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, Quanterix Corp is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-83.37 per share.

QTRX stock: frequently asked questions

What is the intrinsic value of Quanterix Corp. (QTRX) stock?

Graham's formula only works with positive earnings. Quanterix Corp. reported diluted EPS of -$2.51 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

How fast has Quanterix Corp. grown?

Revenue went from $17.6M in fiscal 2016 to $138.9M in fiscal 2025, a compound annual growth rate of 25.8%. Net income was -$107.2M in fiscal 2025.

Does Quanterix Corp. generate free cash flow?

Quanterix Corp. generated -$79.8M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 10 reported years.

What is QTRX's return on invested capital?

Average ROIC over the last 10 fiscal years was 3995.5%, and average return on equity was -9.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this QTRX data come from?

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

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