Neuronetics, Inc. (STIM) intrinsic value & 10-year financials

Neuronetics, Inc. (STIM) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 17.8% a year to $149.2M, with an average return on invested capital of -282.4%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$1.88
Market cap
$124.3M
Revenue (FY2025)
$149.2M
Revenue growth (10-yr CAGR)
17.8%
ROIC (10-yr avg)
-282.4%
Free cash flow (FY2025)
-$21.2M

STIM 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $149.2M -$39.0M -$0.59 -$21.2M -21.1% -47.0%
FY2024 $74.9M -$43.7M -$0.69 -$32.5M -46.2% -70.9%
FY2023 $71.3M -$30.2M -$0.53 -$34.4M -42.8% -97.7%
FY2022 $65.2M -$37.2M -$0.69 -$34.0M -53.8% -133.8%
FY2021 $55.3M -$31.2M -$0.61 -$30.3M -49.8% -141.2%
FY2020 $49.2M -$27.5M -$0.73 -$29.1M -45.3% -272.0%
FY2019 $62.7M -$29.0M -$0.79 -$31.3M -43.0% -2100.8%
FY2018 $52.8M -$24.1M — -$21.6M -37.6% 24.7%
FY2017 $40.4M -$16.1M — -$11.7M -33.7% 8.4%
FY2016 $34.2M -$11.2M — -$8.9M -27.3% 6.3%

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

Executive summary

Neuronetics, Inc. is a consistent compounder, expanding top-line revenue at 17.8% annually over the past decade.

Neuronetics, Inc. has historically struggled to out-earn its cost of capital, averaging just -47.5% ROIC.

Neuronetics, 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, Neuronetics, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-19.60 per share.

STIM stock: frequently asked questions

What is the intrinsic value of Neuronetics, Inc. (STIM) stock?

Graham's formula only works with positive earnings. Neuronetics, Inc. reported diluted EPS of -$0.59 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

How fast has Neuronetics, Inc. grown?

Revenue went from $34.2M in fiscal 2016 to $149.2M in fiscal 2025, a compound annual growth rate of 17.8%. Net income was -$39.0M in fiscal 2025.

Does Neuronetics, Inc. generate free cash flow?

Neuronetics, Inc. generated -$21.2M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 10 reported years.

What is STIM's return on invested capital?

Average ROIC over the last 10 fiscal years was -282.4%, and average return on equity was -54.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this STIM data come from?

From Neuronetics, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 5, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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