Veru Inc. (VERU) intrinsic value & 10-year financials

Veru Inc. (VERU) has a Graham intrinsic value of $0.14 per share. At $2.30 on Oct 17, 2026, the stock trades 1543% above that value.

Graham intrinsic value
$0.14
Share price (Oct 17, 2026)
$2.30
Price vs Graham value
1543% above
Market cap
$195.4M
Revenue (FY2025)
—
Revenue growth (10-yr CAGR)
-3.3%
ROIC (10-yr avg)
-166.6%
Free cash flow (FY2025)
-$30.0M

VERU 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$22.7M — -$30.0M — -325.3%
FY2024 $16.9M -$37.8M — -$21.8M -218.6% -333.9%
FY2023 $16.3M -$93.1M -$1.10 -$88.7M -575.1% -794.8%
FY2022 $39.4M -$83.8M -$1.05 -$48.2M -211.5% -71.4%
FY2021 $61.3M $7.4M $0.09 -$15.9M 21.2% 14.2%
FY2020 $42.6M -$19.0M -$0.28 -$2.0M -34.6% -44.7%
FY2019 $31.8M -$12.0M — -$5.6M -20.2% -22.8%
FY2018 $15.9M -$23.9M — -$11.6M -131.6% -76.0%
FY2017 $13.7M -$6.6M -$0.25 $849.4K -62.2% -15.8%
FY2016 $22.1M $344.7K $0.01 -$1.7M 13.6% 4.4%

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

Executive summary

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

VERU INC. has historically struggled to out-earn its cost of capital, averaging just -22.7% ROIC.

VERU 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, VERU INC. is modeled at -3.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.14 per share.

VERU stock: frequently asked questions

What is the intrinsic value of Veru Inc. (VERU) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -3.3% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, VERU's intrinsic value is about $0.14 per share.

Is VERU stock undervalued?

At $2.30 (close on Oct 17, 2026), VERU trades 1543% above its Graham value of $0.14. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Veru Inc. generate free cash flow?

Veru Inc. generated -$30.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 1 of the last 10 reported years.

What is VERU's return on invested capital?

Average ROIC over the last 10 fiscal years was -166.6%, and average return on equity was -66.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this VERU data come from?

From Veru 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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