Sonendo, Inc. (SONX) intrinsic value & 10-year financials

Sonendo, Inc. (SONX) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 6 fiscal years revenue grew 7.9% a year to $31.7M, with an average return on invested capital of -42.6%.

Graham intrinsic value
—
Share price (Oct 16, 2026)
$1.28
Market cap
$607.8K
Revenue (FY2024)
$31.7M
Revenue growth (6-yr CAGR)
7.9%
ROIC (10-yr avg)
-42.6%
Free cash flow (FY2024)
-$24.8M

SONX 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2024 $31.7M -$28.0M -$59.03 -$24.8M -92.6% -90.3%
FY2023 $43.9M -$60.9M -$0.65 -$47.0M -131.6% -74.2%
FY2022 $41.7M -$57.0M -$0.64 -$62.4M -139.7% -98.6%
FY2021 $33.2M -$48.5M -$0.53 -$49.2M -133.8% 34.3%
FY2020 $23.4M -$46.7M — -$39.5M -183.3% 15.6%
FY2019 — — — — — —

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

Executive summary

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

Sonendo, Inc. has historically struggled to out-earn its cost of capital, averaging just -42.7% ROIC.

Sonendo, 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, Sonendo, Inc. is modeled at 7.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-1241.62 per share.

SONX stock: frequently asked questions

What is the intrinsic value of Sonendo, Inc. (SONX) stock?

Graham's formula only works with positive earnings. Sonendo, Inc. reported diluted EPS of -$59.03 in fiscal 2024, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Sonendo, Inc. generate free cash flow?

Sonendo, Inc. generated -$24.8M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2024. Free cash flow was positive in 0 of the last 5 reported years.

What is SONX's return on invested capital?

Average ROIC over the last 6 fiscal years was -42.6%, and average return on equity was -55.5%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this SONX data come from?

From Sonendo, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Mar 26, 2025. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

Similar dental equipment & supplies stocks