Bridge Investment Group Holdings (Bridge Investment Group Holdings) EBIT : $-24.9 Mil (TTM As of Mar. 2024)

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What is Bridge Investment Group Holdings EBIT?

Bridge Investment Group Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-41.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-24.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bridge Investment Group Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was 1.66%. Bridge Investment Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bridge Investment Group Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -3.50%.

Bridge Investment Group Holdings EBIT Historical Data

The historical data trend for Bridge Investment Group Holdings'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.

Bridge Investment Group Holdings EBIT Chart

Bridge Investment Group Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

164.40

172.52

425.39

306.91

-52.78

Bridge Investment Group Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial													-69.13	13.44	-8.95	11.85	-41.28

Competitive Comparison of Bridge Investment Group Holdings's EBIT

For the Asset Management subindustry, Bridge Investment Group Holdings'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.

Bridge Investment Group Holdings's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Bridge Investment Group Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Bridge Investment Group Holdings's EV-to-EBIT falls into.

Bridge Investment Group Holdings 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-24.9 Mil.

Bridge Investment Group Holdings (NYSE:BRDG) EBIT Explanation

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

Bridge Investment Group Holdings's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	23.44 * ( 1 - 24.35% )	/	( (1106.663	+	1031.613)	/ 2 )
=	17.73236	/	1069.138
=	1.66 %

where

	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	))
=	1288.818	-	104.615	-	( 77.54	-	max(0, 138.615	-	561.736	+	77.54	))
=	1106.663

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	1224.551	-	110.865	-	( 82.073	-	max(0, 126.365	-	501.773	+	82.073	))
=	1031.613

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Bridge Investment Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-165.124	/	( ( (0 + max(-95.057, 0))	+	(0 + max(-100.521, 0)) )	/	2 )
=	-165.124	/	( ( 0	+	0 )	/	2 )
=	-165.124	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	9.558)	-	(104.615	+	0	+	0)
=	-95.057

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	10.344)	-	(110.865	+	0	+	0)
=	-100.521

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Bridge Investment Group Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-24.936	/	712.291
	=	-3.50 %

Bridge Investment Group Holdings EBIT Related Terms

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Bridge Investment Group Holdings (Bridge Investment Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Bridge Investment Group Holdings Inc (NYSE:BRDG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

53S:Germany

Address

111 East Sego Lily Drive, Suite 400, Salt Lake City, UT, USA, 84070

Website

https://www.bridgeig.com

Bridge Investment Group Holdings Inc is a vertically integrated real estate investment manager, diversified across specialized asset classes. The company combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. real estate verticals: multifamily, affordable housing, seniors housing, office, development, logistics net lease, logistics properties, debt strategies, and agency mortgage-backed securities.

Executives

Garrett Behling	officer: Chief Accounting Officer	111 EAST SEGO LILY DRIVE, SUITE 400, SANDY UT 84070
Chad A Leat	director	C/O UNITED AMERICA INDEMNITY GROUP INC., 3 BALA PLAZA EAST, SUITE 300, BALA CYNWYD PA 19004
Katherine Elsnab	officer: Chief Accounting Officer	C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Deborah C Hopkins	director	1007 MARKET ST, WILMINGTON DE 19898
Adam O'farrell	director, officer: See Remarks	C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Robert Randolph Morse	director, 10 percent owner, officer: See Remarks	1000 PARK AVENUE, APT 3, NEW YORK NY 10028
Debra M Chase	director	C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Jonathan Slager	director, officer: See Remarks	C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Bridge Founders Group, Llc	10 percent owner	111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Chad D. Briggs	officer: See Remarks	C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070
Dean Allara	director, officer: See Remarks	C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SALT LAKE CITY UT 84070