Trevi Therapeutics, Inc. (TRVI) intrinsic value & 10-year financials

Trevi Therapeutics, Inc. (TRVI) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$11.88
Market cap
$1.6B
Revenue (FY2025)
—
ROIC (10-yr avg)
37.7%
Free cash flow (FY2025)
-$42.1M

TRVI 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$42.8M -$0.32 -$42.1M — -42.6%
FY2024 — -$47.9M -$0.47 -$38.3M — -87.7%
FY2023 — -$29.1M -$0.29 -$31.8M — -46.4%
FY2022 — -$29.2M -$0.45 -$28.3M — -79.5%
FY2021 — -$33.9M -$1.49 — — 174.0%
FY2020 — -$32.8M — -$29.0M — 323.3%
FY2019 — -$26.1M — -$23.1M — 44.7%
FY2018 — -$20.5M — -$18.4M — 15.7%
FY2017 — — — — — —

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

Executive summary

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

Trevi Therapeutics, Inc. has historically struggled to out-earn its cost of capital, averaging just -23.9% ROIC.

Trevi Therapeutics, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Trevi Therapeutics, Inc. is evaluated under Benjamin Graham's defensive framework using SEC EDGAR fundamentals using an 8.5 + 2g earnings multiple and a 5.1% AAA bond-yield baseline.

TRVI stock: frequently asked questions

What is the intrinsic value of Trevi Therapeutics, Inc. (TRVI) stock?

Graham's formula only works with positive earnings. Trevi Therapeutics, Inc. reported diluted EPS of -$0.32 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Trevi Therapeutics, Inc. generate free cash flow?

Trevi Therapeutics, Inc. generated -$42.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 7 reported years.

What is TRVI's return on invested capital?

Average ROIC over the last 9 fiscal years was 37.7%, and average return on equity was -34.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this TRVI data come from?

From Trevi Therapeutics, 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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