Rtb Digital, Inc. (RTB) intrinsic value & 10-year financials

Rtb Digital, Inc. (RTB) has a Graham intrinsic value of $0.33 per share. At $7.75 on Oct 17, 2026, the stock trades 2248% above that value. Over the last 10 fiscal years revenue grew 23.1% a year to $11.1M, with an average return on invested capital of -12.5%.

Graham intrinsic value
$0.33
Share price (Oct 17, 2026)
$7.75
Price vs Graham value
2248% above
Market cap
$4.6M
Revenue (FY2025)
$11.1M
Revenue growth (10-yr CAGR)
23.1%
ROIC (10-yr avg)
-12.5%
Free cash flow (FY2025)
-$23.1M

RTB 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $11.1M -$17.5M -$29.33 -$23.1M -118.1% -234.8%
FY2024 $56.0M -$26.8M -$4.01 $21.1M -37.3% -88.7%
FY2023 $65.9M -$53.1M -$10.11 $33.1M -18.7% -31.6%
FY2022 $32.9M -$49.2M — -$9.5M -115.0% -119.6%
FY2021 $26.3M -$26.5M — -$27.3M -79.0% -231.6%
FY2020 $8.5M -$5.0M — -$4.2M -59.9% 363.4%
FY2019 $10.0M -$4.7M — -$215.4K -56.1% 245.7%
FY2018 $0 -$34.2K — $61.2K — -0.0%
FY2017 $2.1M $89.5K $0.01 $460.1K 9.2% -17.0%
FY2016 $1.7M $57.9K $0.00 -$61.4K 6.6% -10.8%

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

Executive summary

RTB Digital, Inc. is a consistent compounder, expanding top-line revenue at 23.1% annually over the past decade.

RTB Digital, Inc. has historically struggled to out-earn its cost of capital, averaging just -26.6% ROIC.

Over the decade, RTB Digital, Inc. shows that management has aggressively returned capital to shareholders by retiring 95.9% of outstanding shares.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, RTB Digital, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.33 per share.

RTB stock: frequently asked questions

What is the intrinsic value of Rtb Digital, Inc. (RTB) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, RTB's intrinsic value is about $0.33 per share.

Is RTB stock undervalued?

At $7.75 (close on Oct 17, 2026), RTB trades 2248% above its Graham value of $0.33. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Rtb Digital, Inc. grown?

Revenue went from $1.7M in fiscal 2016 to $11.1M in fiscal 2025, a compound annual growth rate of 23.1%. Net income was -$17.5M in fiscal 2025.

Does Rtb Digital, Inc. generate free cash flow?

Rtb Digital, Inc. generated -$23.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 4 of the last 10 reported years.

What is RTB's return on invested capital?

Average ROIC over the last 10 fiscal years was -12.5%, and average return on equity was 353.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this RTB data come from?

From Rtb Digital, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 14, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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