Siga Technologies Inc. (SIGA) intrinsic value & 10-year financials
Siga Technologies Inc. (SIGA) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 22.7% a year to $94.6M, with an average return on invested capital of -17.2%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $3.17
- Market cap
- $227.8M
- Revenue (FY2025)
- $94.6M
- Revenue growth (10-yr CAGR)
- 22.7%
- ROIC (10-yr avg)
- -17.2%
- Free cash flow (FY2025)
- —
SIGA 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $94.6M | $23.3M | $0.32 | — | 25.1% | 34.5% |
| FY2024 | $138.7M | $59.2M | $0.82 | — | 50.4% | 89.0% |
| FY2023 | $139.9M | $68.1M | $0.95 | — | 59.8% | — |
| FY2022 | $110.8M | $33.9M | $0.46 | — | 38.5% | — |
| FY2021 | $133.7M | $69.5M | $0.91 | — | 66.7% | — |
| FY2020 | $125.0M | $56.3M | $0.71 | — | 67.6% | 104.1% |
| FY2019 | $26.7M | -$7.2M | -$0.15 | -$18.2M | -8.7% | -1.7% |
| FY2018 | $477.1M | $421.8M | $0.00 | $68.8M | 74.4% | -365.8% |
| FY2017 | $12.3M | -$36.2M | -$0.46 | -$8.3M | -153.6% | 6.8% |
| FY2016 | $15.0M | -$39.7M | -$0.69 | -$115.6M | -206.9% | 12.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
SIGA TECHNOLOGIES INC is a consistent compounder, expanding top-line revenue at 22.7% annually over the past decade.
SIGA TECHNOLOGIES INC has earned high returns on invested capital, averaging 34.5% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
SIGA TECHNOLOGIES INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, SIGA TECHNOLOGIES INC is modeled at -14.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-5.79 per share.