BM Technologies (BM Technologies) EBIT

: $-19.04 Mil (TTM As of Dec. 2023)

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BM Technologies's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-4.24 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-19.04 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BM Technologies's annualized ROC % for the quarter that ended in Dec. 2023 was -48.76%. BM Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -3,169.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BM Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 128.54%.

BM Technologies EBIT Historical Data

The historical data trend for BM Technologies's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

BM Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-0.80

-10.80

22.89

-8.97

-19.04

BM Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT													-7.57	-5.66	-4.77	-4.39	-4.24

Competitive Comparison

For the Software - Application subindustry, BM Technologies's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

BM Technologies EV-to-EBIT Distribution

For the Software industry and Technology sector, BM Technologies's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where BM Technologies's EV-to-EBIT falls into.

BM Technologies EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-19.04 Mil.

BM Technologies (AMEX:BMTX) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

BM Technologies's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-16.94 * ( 1 - 0% )	/	( (31.09	+	38.398)	/ 2 )
=	-16.94	/	34.744
=	-48.76 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	51.051	-	12.513	-	( 8.802	-	max(0, 15.953	-	23.401	+	8.802	))
=	31.09

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	54.64	-	10.577	-	( 14.288	-	max(0, 22.899	-	28.564	+	14.288	))
=	38.398

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

BM Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-16.94	/	( ( (0.534 + max(-1.354, 0))	+	(0.535 + max(-8.623, 0)) )	/	2 )
=	-16.94	/	( ( 0.534	+	0.535 )	/	2 )
=	-16.94	/	0.5345
=	-3,169.32 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(8.511	+	0	+	6.088)	-	(12.513	+	3.44	+	0)
=	-1.354

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(9.128	+	0	+	5.148)	-	(10.577	+	12.322	+	0)
=	-8.623

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

BM Technologies's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-19.043	/	-14.815
	=	128.54 %

BM Technologies EBIT Related Terms

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BM Technologies (BM Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BM Technologies Inc (AMEX:BMTX) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

201 King of Prussia Road, Suite 350, Wayne, PA, USA, 19087

Website

https://www.bankmobile.com/

BM Technologies Inc provides digital banking and disbursement services to consumers and students nationwide through a full service fintech banking platform, accessible to customers anywhere and anytime through digital channels. It facilitates deposits and banking services between a customer and its Partner Bank, Customers Bank, which is a related party and is a Federal Deposit Insurance Corporation (FDIC) insured bank. Tje company has four primary revenue sources: interchange and card revenue, servicing fees, account fees, and university fees. The majority of revenues are driven by customer activity (deposits, spend, transactions, etc.) and may be paid or passed through by Customers Bank, universities, or paid directly by customers.

Executives

Michael Richard Pavone	director	201 KING OF PRUSSIA ROAD, SUITE 650, WAYNE PA 19087
Rajinder Singh	director	C/O BM TECHNOLOGIES, INC., 201 KING OF PRUSSIA ROAD, SUITE 650, WAYNE PA 19087
Warren Taylor	officer: Executive Vice President	1015 PENN AVENUE, SUITE 103, WYOMISSING PA 19610
John J Dolan	director	201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
James Francis Dullinger	officer: Chief Accounting Officer	C/O IOTA COMMUNICATIONS, INC., 645 HAMILTON STREET, SUITE 400, ALLENTOWN PA 18101
James M. Donahue	officer: Chief Technology Officer	201 KING OF PRUSSIA ROAD, SUITE 350, C/O BM TECHNOLOGIES, INC., WAYNE PA 19087
Aaron Hodari	director	201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
Andrew J. Dunklau	officer: President and Secretary	1345 AVENUE OF THE AMERICAS 11TH FL, NEW YORK NY 10105
Schechter Private Capital, Llc	10 percent owner	251 PIERCE STREET, BIRMINGHAM MI 48009
Pankaj Dinodia	director	201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
Robert H Ramsey	officer: Chief Financial Officer	201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
Marcy Schwab	director	201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
Brent Hurley	director	201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
Robert Diegel	officer: Chief Operating Officer	201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
Mike Gill	director	201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087