Rocket PHARMACEUTICALS, Inc. (RCKT) intrinsic value & 10-year financials

Rocket PHARMACEUTICALS, Inc. (RCKT) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue reached to $0, with an average return on invested capital of -76.0%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$2.18
Market cap
$242.2M
Revenue (FY2025)
$0
ROIC (10-yr avg)
-76.0%
Free cash flow (FY2025)
-$190.5M

RCKT 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $0 -$223.1M -$2.01 -$190.5M — -85.2%
FY2024 $0 -$258.7M -$2.73 -$215.6M — -69.9%
FY2023 $0 -$245.6M -$2.92 -$211.4M — -62.7%
FY2022 $0 -$221.9M -$3.26 -$186.5M — -72.6%
FY2021 $0 -$169.1M -$2.67 -$128.8M — -72.3%
FY2020 $0 -$139.7M -$2.52 -$95.2M — -80.0%
FY2019 $0 -$77.3M -$1.58 -$87.9M — -75.0%
FY2018 $0 -$74.5M — -$55.2M — -90.1%
FY2017 $0 -$29.5M — -$16.7M — —
FY2016 $0 -$42.9M — -$5.8M — —

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

Executive summary

ROCKET PHARMACEUTICALS, INC. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

ROCKET PHARMACEUTICALS, INC. has historically struggled to out-earn its cost of capital, averaging just -76.0% ROIC.

ROCKET PHARMACEUTICALS, INC. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

ROCKET PHARMACEUTICALS, 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.

RCKT stock: frequently asked questions

What is the intrinsic value of Rocket PHARMACEUTICALS, Inc. (RCKT) stock?

Graham's formula only works with positive earnings. Rocket PHARMACEUTICALS, Inc. reported diluted EPS of -$2.01 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

How fast has Rocket PHARMACEUTICALS, Inc. grown?

Revenue went from $0 in fiscal 2016 to $0 in fiscal 2025. Net income was -$223.1M in fiscal 2025.

Does Rocket PHARMACEUTICALS, Inc. generate free cash flow?

Rocket PHARMACEUTICALS, Inc. generated -$190.5M 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 RCKT's return on invested capital?

Average ROIC over the last 10 fiscal years was -76.0%, and average return on equity was -48.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this RCKT data come from?

From Rocket PHARMACEUTICALS, Inc.'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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