Dna X, Inc. (SONM) intrinsic value & 10-year financials

Dna X, Inc. (SONM) has a Graham intrinsic value of $533.58 per share. At $3.27 on Oct 17, 2026, the stock trades 99% below that value.

Graham intrinsic value
$533.58
Share price (Oct 17, 2026)
$3.27
Price vs Graham value
99% below
Market cap
$2.4M
Revenue (FY2025)
—
Revenue growth (9-yr CAGR)
-15.1%
ROIC (10-yr avg)
-248.4%
Free cash flow (FY2025)
—

SONM 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$20.7M -$28.58 — — -587.4%
FY2024 $50.9M -$33.6M -$7.13 -$8.7M -66.1% -403.6%
FY2023 $93.6M -$90.0K $0.00 -$4.1M 0.5% 3.7%
FY2022 $69.8M -$14.1M -$0.49 -$12.4M -20.5% -195.0%
FY2021 $54.6M -$38.6M — -$38.5M -69.6% -531.2%
FY2020 $64.0M -$29.9M — -$10.6M -45.7% -185.3%
FY2019 $116.3M -$25.8M — -$34.5M -19.3% -149.2%
FY2018 $135.7M $1.3M — $3.1M 4.0% 60.7%
FY2017 — — — — — —

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

Executive summary

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

DNA X, Inc. has historically struggled to out-earn its cost of capital, averaging just -13.0% ROIC.

DNA X, 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, DNA X, Inc. is modeled at -15.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $533.58 per share.

SONM stock: frequently asked questions

What is the intrinsic value of Dna X, Inc. (SONM) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -15.1% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, SONM's intrinsic value is about $533.58 per share.

Is SONM stock undervalued?

At $3.27 (close on Oct 17, 2026), SONM trades 99% below its Graham value of $533.58. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

What is SONM's return on invested capital?

Average ROIC over the last 9 fiscal years was -248.4%, and average return on equity was -77.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this SONM data come from?

From Dna X, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 20, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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