LONA (LeonaBio) EBIT: $-42.79 Mil (TTM As of Mar. 2026)

What is LeonaBio EBIT?

LeonaBio LONA -0.79% 28 EBIT is $-42.79 Mil as of Mar. 2026. GuruFocus rates LONA with a GF Score™ of 28/100. The stock has 2 warning signs investors should review.

LeonaBio's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $-18.14 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $-42.79 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. LeonaBio's annualized ROC % for the quarter that ended in Mar. 2026 was -310.95%. LeonaBio's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -3,913.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. LeonaBio's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -272.93%.

LeonaBio (NAS:LONA) EBIT Explanation

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

LeonaBio's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	-72.572 * ( 1 - 0% )	/	( (42.594	+	4.084)	/ 2 )
=	-72.572	/	23.339
=	-310.95 %

where

	Invested Capital		(Q: Dec. 2025 )
=	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	))
=	92.151	-	7.602	-	( 88.331	-	max(0, 47.503	-	89.458	+	88.331	))
=	42.594

	Invested Capital		(Q: Mar. 2026 )
=	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	))
=	71.59	-	4.97	-	( 67.679	-	max(0, 6.666	-	69.202	+	67.679	))
=	4.084

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

LeonaBio's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-72.572	/	( ( (2.007 + max(-45.911, 0))	+	(1.702 + max(-4.665, 0)) )	/	2 )
=	-72.572	/	( ( 2.007	+	1.702 )	/	2 )
=	-72.572	/	1.8545
=	-3,913.29 %

where Working Capital is:

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	1.127)	-	(7.602	+	0	+	39.436)
=	-45.911

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	1.523)	-	(4.97	+	0	+	1.218)
=	-4.665

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	-42.785	/	15.676
	=	-272.93 %

* 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.

LeonaBio EBIT Related Terms

LeonaBio EBIT Historical Data

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

LeonaBio EBIT Chart

LeonaBio Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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-55.19

-88.86

-126.94

-96.78

-34.18

LeonaBio Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
EBIT	Get a 7-Day Free Trial															-9.54	-7.29	-6.87	-10.48	-18.14

LONA vs ICCC, TELO, PYPD: EBIT Comparison

For the Biotechnology subindustry, LeonaBio'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.

LeonaBio EV-to-EBIT vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, LeonaBio's EV-to-EBIT distribution charts can be found below:

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

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28GF Score

LeonaBio Inc LONA

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LeonaBio 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. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-42.79 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $-42.79 Mil mean?

LeonaBio (LONA) has a EBIT of $-42.79 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on LeonaBio.

Is LeonaBio's EBIT too high?

LeonaBio's current EBIT is $-42.79 Mil. Overall, LeonaBio has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.

How does LeonaBio's EBIT compare to ICCC and TELO?

LeonaBio's EBIT of $-42.79 Mil can be compared against companies in the Biotechnology industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for a Biotechnology company?

A good EBIT depends on the Biotechnology industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on LeonaBio. LeonaBio's current EBIT is $-42.79 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is LeonaBio stock overvalued right now?

LeonaBio (LONA) has a current EBIT of $-42.79 Mil. The current EBIT is $-42.79 Mil. LeonaBio's overall GF Score™ is 28/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For LeonaBio (LONA), the current EBIT is $-42.79 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

LeonaBio Business Description

Industry Healthcare Biotechnology

Comparable Companies ICCC TELO PYPD MAIA NRXS CRDF INO FBIO RLYB SEER VRTX REGN XBRU:UCB XBRU:ARGX XKRX:207940 ALNY ASX:CSL RVMD ONC MRNA

Address 18706 North Creek Parkway, Suite 104, Bothell, WA, USA, 98011

Website https://www.leonabio.com

LeonaBio Inc is a clinical-stage biopharmaceutical company focused on the development of novel therapeutics for high unmet medical needs. Its key drug candidates, lasofoxifene and ATH-1105, are novel, small-molecule therapies with the potential to address treatment-resistant metastatic breast cancer and amyotrophic lateral sclerosis (ALS). LeonaBio is also exploring the use of other drug candidates that enhance the neurotrophic HGF system, including ATH-1020, to improve neuronal health and function in multiple neurological diseases. In addition, it is also focused on designing and testing new early compounds directed towards novel targets for a variety of clinical applications. The company operates as a single operating segment, developing and commercializing therapeutics.

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$8.80

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