SolarWindow Technologies, Inc. (WNDW) intrinsic value & 10-year financials

SolarWindow Technologies, Inc. (WNDW) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$1.44
Market cap
$80.4M
Revenue (FY2025)
—
ROIC (10-yr avg)
-378.2%
Free cash flow (FY2025)
-$1.5M

WNDW 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$2.3M -$0.04 -$1.5M — -40.6%
FY2024 $0 -$3.5M -$0.06 -$1.7M — -43.4%
FY2023 $0 -$2.4M -$0.04 -$2.1M — -27.3%
FY2022 — -$4.9M -$0.09 -$4.0M — -42.8%
FY2021 — -$7.9M -$0.07 -$2.7M — -431.3%
FY2020 — -$7.4M — -$2.5M — -395.4%
FY2019 — -$6.9M — -$3.9M — -1182.8%
FY2018 — -$6.9M — -$2.9M — 963.0%
FY2017 — -$5.4M — -$2.8M — -2191.8%
FY2016 — -$4.6M — -$2.6M — -389.4%

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

Executive summary

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

SolarWindow Technologies, Inc. has historically struggled to out-earn its cost of capital, averaging just -19.0% ROIC.

SolarWindow Technologies, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.

Benjamin Graham lens

SolarWindow Technologies, 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.

WNDW stock: frequently asked questions

What is the intrinsic value of SolarWindow Technologies, Inc. (WNDW) stock?

Graham's formula only works with positive earnings. SolarWindow Technologies, Inc. reported diluted EPS of -$0.04 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does SolarWindow Technologies, Inc. generate free cash flow?

SolarWindow Technologies, Inc. generated -$1.5M 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 WNDW's return on invested capital?

Average ROIC over the last 10 fiscal years was -378.2%, and average return on equity was -553.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this WNDW data come from?

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

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