Tango Therapeutics, Inc. (TNGX) intrinsic value & 10-year financials

Tango Therapeutics, Inc. (TNGX) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 52.1% a year to $62.4M, with an average return on invested capital of -211.1%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$22.04
Market cap
$2.6B
Revenue (FY2025)
$62.4M
Revenue growth (7-yr CAGR)
52.1%
ROIC (10-yr avg)
-211.1%
Free cash flow (FY2025)
-$139.9M

TNGX 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $62.4M -$101.6M -$0.87 -$139.9M -178.4% -51.9%
FY2024 $42.1M -$130.3M -$1.19 -$132.3M -346.1% -75.1%
FY2023 $36.5M -$101.7M -$1.08 -$119.5M -312.6% -50.5%
FY2022 $24.9M -$108.2M -$1.23 -$116.8M -446.8% -48.5%
FY2021 $37.0M -$58.2M -$0.94 -$61.4M -157.1% -548.4%
FY2020 $7.7M -$52.0M — $69.0M -681.8% -491.9%
FY2019 — — — — — —

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

Executive summary

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

Tango Therapeutics, Inc. has historically struggled to out-earn its cost of capital, averaging just -39.4% ROIC.

Tango Therapeutics, 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, Tango Therapeutics, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-28.90 per share.

TNGX stock: frequently asked questions

What is the intrinsic value of Tango Therapeutics, Inc. (TNGX) stock?

Graham's formula only works with positive earnings. Tango Therapeutics, Inc. reported diluted EPS of -$0.87 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Tango Therapeutics, Inc. generate free cash flow?

Tango Therapeutics, Inc. generated -$139.9M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 1 of the last 6 reported years.

What is TNGX's return on invested capital?

Average ROIC over the last 7 fiscal years was -211.1%, and average return on equity was -168.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this TNGX data come from?

From Tango Therapeutics, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 13, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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