Seer, Inc. (SEER) intrinsic value & 10-year financials

Seer, Inc. (SEER) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 90.8% a year to $16.6M, with an average return on invested capital of -30.1%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$2.03
Market cap
$129.6M
Revenue (FY2025)
$16.6M
Revenue growth (7-yr CAGR)
90.8%
ROIC (10-yr avg)
-30.1%
Free cash flow (FY2025)
-$46.2M

SEER 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $16.6M -$73.6M — -$46.2M -470.5% -28.7%
FY2024 $14.2M -$86.6M — -$49.7M -706.4% -28.6%
FY2023 $16.7M -$86.3M -$1.35 -$66.4M -621.0% -25.5%
FY2022 $15.5M -$93.0M -$1.49 -$71.0M -627.6% -27.2%
FY2021 $6.6M -$71.2M -$1.17 -$53.3M -1080.1% -36.6%
FY2020 $656.0K -$32.8M -$2.48 -$25.4M -5129.4% -34.3%
FY2019 — — — — — —

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

Executive summary

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

Seer, Inc. has historically struggled to out-earn its cost of capital, averaging just -30.1% ROIC.

Seer, 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, Seer, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-38.29 per share.

SEER stock: frequently asked questions

Does Seer, Inc. generate free cash flow?

Seer, Inc. generated -$46.2M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 6 reported years.

What is SEER's return on invested capital?

Average ROIC over the last 7 fiscal years was -30.1%, and average return on equity was -19.5%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this SEER data come from?

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

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