Audinate Group (ASX:AD8) Operating Income: A$-23.54 Mil (TTM As of Dec. 2025)


ASX:AD8 Audinate Group Ltd ASX:AD8
71 GF Score
Price A$2.33
GF Value A$7.83
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Audinate Group Operating Income?

Audinate Group ASX:AD8 +0.43% 71 Operating Income is A$-23.54 Mil as of Dec. 2025. GuruFocus rates ASX:AD8 with a GF Score™ of 71/100 and a GF Value™ of A$7.83 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Audinate Group's Operating Income for the six months ended in Dec. 2025 was A$-15.04 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was A$-23.54 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Audinate Group's Operating Income for the six months ended in Dec. 2025 was A$-15.04 Mil. Audinate Group's Revenue for the six months ended in Dec. 2025 was A$32.20 Mil. Therefore, Audinate Group's Operating Margin % for the quarter that ended in Dec. 2025 was -46.69%.

Audinate Group's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Audinate Group's annualized ROC % for the quarter that ended in Dec. 2025 was -26.77%. Audinate Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -587.94%.

Audinate Group  (ASX:AD8) Operating Income Explanation

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

Audinate Group's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-30.07 * ( 1 - 24.34% )/( (68.388 + 101.589)/ 2 )
=-22.750962/84.9885
=-26.77 %

where

Invested Capital(Q: Jun. 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))
=182.403 - 3.451 - ( 111.3 - max(0, 13.135 - 123.699+111.3))
=68.388

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))
=175.057 - 2.589 - ( 70.879 - max(0, 12.279 - 83.542+70.879))
=101.589

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

Audinate Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-27.748/( ( (4.519 + max(-2.31, 0)) + (3.552 + max(1.368, 0)) )/ 2 )
=-27.748/( ( 4.519 + 4.92 )/ 2 )
=-27.748/4.7195
=-587.94 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.099 + 4.087 + 1.373) - (3.451 + 3.792 + 4.626)
=-2.31

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.356 + 2.887 + 3.42) - (2.589 + 0.067 + 8.639)
=1.368

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Audinate Group's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-15.035/32.201
=-46.69 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Audinate Group Operating Income Related Terms

Audinate Group Operating Income Historical Data

* Premium members only.

The historical data trend for Audinate Group's Operating Income 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.

Audinate Group Operating Income Chart

Audinate Group Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only -3.49 -4.36 0.44 8.25 -15.38

Audinate Group Semi-Annual Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.19 4.06 -6.87 -8.51 -15.04
ASX:AD8
71GF Score
Audinate Group Ltd ASX:AD8
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Audinate Group Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-23.54 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of A$-23.54 Mil mean?
Audinate Group (ASX:AD8) has a Operating Income of A$-23.54 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Audinate Group and its competitors.
Is Audinate Group's Operating Income too high?
Audinate Group's current Operating Income is A$-23.54 Mil. Overall, Audinate Group has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Audinate Group's Operating Income compare to APH and GLW?
Audinate Group's Operating Income of A$-23.54 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Hardware company?
A good Operating Income depends on the Hardware industry context. However, Operating Income 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Audinate Group and its competitors. Audinate Group's current Operating Income is A$-23.54 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Audinate Group stock overvalued right now?
Based on GuruFocus' analysis, Audinate Group (ASX:AD8) is currently considered Significantly Undervalued. The stock's GF Value™ is A$7.83, compared to a current price of A$2.33 — trading 70.2% below its estimated fair value. The current Operating Income is A$-23.54 Mil. Audinate Group's overall GF Score™ is 71/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Audinate Group (ASX:AD8), the current Operating Income is A$-23.54 Mil as of Dec. 2025. 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.

Is Audinate Group (ASX:AD8) Overvalued in 2026?

Based on GuruFocus' analysis, Audinate Group stock appears to be undervalued. The current stock price of A$2.33 is trading 70.2% below its estimated GF Value™ of A$7.83. GuruFocus considers Audinate Group to be Significantly Undervalued.

Key valuation signals for ASX:AD8:

  • Operating Income: A$-23.54 Mil
  • GF Value™: A$7.83 vs. price of A$2.33 (70.2% below fair value)
  • GF Score™: 71/100 with 3 warning signs

No single metric tells the full story. See the ASX:AD8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Audinate Group Business Description

Other Exchanges AUDGF:USA
Address 64 Kippax Street, Level 7, Surry Hills, NSW, AUS, 2010
Audinate is a founder-led networking technology company for the professional AV industry. Audinate's Dante protocol is the world's most widely used protocol for digital audio networking. Over 500 OEM brands license the Dante protocol for around 5,000 products.
71GF Score

Get the complete analysis for ASX:AD8

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$2.33
Price
A$7.83
GF Value