TOVX (Theriva Biologics) EBIT: $-21.76 Mil (TTM As of Mar. 2026)

What is Theriva Biologics EBIT?

Theriva Biologics TOVX -0.46% 28 EBIT is $-21.76 Mil as of Mar. 2026. GuruFocus rates TOVX with a GF Score™ of 28/100. The stock has 3 warning signs investors should review.

Theriva Biologics's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $-2.13 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $-21.76 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Theriva Biologics's annualized ROC % for the quarter that ended in Mar. 2026 was -35.40%. Theriva Biologics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -537.63%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Theriva Biologics's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -12,157.54%.

Theriva Biologics (AMEX:TOVX) EBIT Explanation

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

Theriva Biologics'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 )
=	-8.508 * ( 1 - 0% )	/	( (23.206	+	24.865)	/ 2 )
=	-8.508	/	24.0355
=	-35.40 %

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	))
=	38.239	-	7.58	-	( 13.056	-	max(0, 10.014	-	17.467	+	13.056	))
=	23.206

	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	))
=	38.248	-	6.89	-	( 14.431	-	max(0, 10.264	-	16.757	+	14.431	))
=	24.865

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

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

Theriva Biologics'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 )
=	-8.508	/	( ( (1.025 + max(-8.832, 0))	+	(2.14 + max(-9.179, 0)) )	/	2 )
=	-8.508	/	( ( 1.025	+	2.14 )	/	2 )
=	-8.508	/	1.5825
=	-537.63 %

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	+	0.576)	-	(7.58	+	1.675	+	0.153)
=	-8.832

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.54)	-	(6.89	+	1.431	+	1.398)
=	-9.179

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	-21.762	/	0.179
	=	-12,157.54 %

* 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.

Theriva Biologics EBIT Related Terms

Theriva Biologics EBIT Historical Data

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

Theriva Biologics EBIT Chart

Theriva Biologics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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-14.27

-21.58

-21.43

-19.43

-24.05

Theriva Biologics 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															-4.42	-13.13	-4.44	-2.06	-2.13

TOVX vs CALC, PHIO, PHGE: EBIT Comparison

For the Biotechnology subindustry, Theriva Biologics'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.

Theriva Biologics EV-to-EBIT vs Biotechnology Industry

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

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

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Theriva Biologics Inc TOVX

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Theriva Biologics 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 $-21.76 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $-21.76 Mil mean?

Theriva Biologics (TOVX) has a EBIT of $-21.76 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Theriva Biologics.

Is Theriva Biologics' EBIT too high?

Theriva Biologics' current EBIT is $-21.76 Mil. Overall, Theriva Biologics has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.

How does Theriva Biologics' EBIT compare to CALC and PHIO?

Theriva Biologics' EBIT of $-21.76 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 Theriva Biologics. Theriva Biologics's current EBIT is $-21.76 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Theriva Biologics stock overvalued right now?

Theriva Biologics (TOVX) has a current EBIT of $-21.76 Mil. The current EBIT is $-21.76 Mil. Theriva Biologics' overall GF Score™ is 28/100 with 3 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 Theriva Biologics (TOVX), the current EBIT is $-21.76 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.

Theriva Biologics Business Description

Industry Healthcare Biotechnology

Comparable Companies CALC PHIO PHGE SNGX ERNA CYCN GDTC ZEOX KPRX LNAI VRTX REGN XBRU:UCB XBRU:ARGX XKRX:207940 ALNY RVMD ASX:CSL ONC XKRX:068270

Address 9605 Medical Center Drive, Suite 270, Rockville, MD, USA, 20850

Website https://www.therivabio.com

Theriva Biologics Inc is a clinical-stage pharmaceutical company developing a novel oncolytic adenovirus (OV) platform to address devastating cancers with high unmet needs. It is a clinical-stage program VCN-01, designed to break down the tumor stroma, and its preclinical-stage program VCN-11 leverages its proprietary Albumin Shield Technology to protect systemically administered oncolytic viruses from the host immune system. Product Candidates includes SYN-004 (ribaxamase) and SYN-020.

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$0.24

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