AYFIF (Ayfie International AS) Operating Income: $-2.61 Mil (TTM As of Dec. 2025)

What is Ayfie International AS Operating Income?

Ayfie International AS AYFIF 44 Operating Income is $-2.61 Mil as of Dec. 2025. GuruFocus rates AYFIF with a GF Score™ of 44/100 and a GF Value™ of $0.09. The stock has 3 warning signs investors should review.

Ayfie International AS's Operating Income for the six months ended in Dec. 2025 was $-1.35 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $-2.61 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Ayfie International AS's Operating Income for the six months ended in Dec. 2025 was $-1.35 Mil. Ayfie International AS's Revenue for the six months ended in Dec. 2025 was $0.71 Mil. Therefore, Ayfie International AS's Operating Margin % for the quarter that ended in Dec. 2025 was -189.47%.

Ayfie International AS'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. Ayfie International AS's annualized ROC % for the quarter that ended in Dec. 2025 was -310.83%. Ayfie International AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -30,022.22%.

Ayfie International AS (OTCPK:AYFIF) Operating Income Explanation

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

Ayfie International AS'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 )
=	-2.698 * ( 1 - 0% )	/	( (0.81	+	0.926)	/ 2 )
=	-2.698	/	0.868
=	-310.83 %

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	))
=	1.874	-	0.14	-	( 1.751	-	max(0, 0.936	-	1.86	+	1.751	))
=	0.81

	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	))
=	0.733	-	0.191	-	( 0.371	-	max(0, 1.098	-	0.714	+	0.371	))
=	0.926

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:

Ayfie International AS'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 )
=	-2.702	/	( ( (0.015 + max(-0.827, 0))	+	(0.003 + max(-0.755, 0)) )	/	2 )
=	-2.702	/	( ( 0.015	+	0.003 )	/	2 )
=	-2.702	/	0.009
=	-30,022.22 %

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)
=	(0.055	+	0	+	0.054)	-	(0.14	+	0	+	0.796)
=	-0.827

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.18	+	0	+	0.163)	-	(0.191	+	0	+	0.907)
=	-0.755

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 %:

Ayfie International AS'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 )
	=	-1.349	/	0.712
	=	-189.47 %

* 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.

Ayfie International AS Operating Income Related Terms

Ayfie International AS Operating Income Historical Data

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The historical data trend for Ayfie International AS's Operating Income can be seen below:

Ayfie International AS Operating Income Chart

Ayfie International AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Operating Income

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0.57

-1.40

-2.45

-2.07

-2.60

Ayfie International AS Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Operating Income	Get a 7-Day Free Trial										-1.36	-1.11	-1.02	-1.26	-1.35

44GF Score

Ayfie International AS AYFIF

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Ayfie International AS 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 $-2.61 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $-2.61 Mil mean?

Ayfie International AS (AYFIF) has a Operating Income of $-2.61 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Ayfie International AS and its competitors.

Is Ayfie International AS's Operating Income too high?

Ayfie International AS's current Operating Income is $-2.61 Mil. Overall, Ayfie International AS has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.

How does Ayfie International AS's Operating Income compare to UBER and SHOP?

Ayfie International AS's Operating Income of $-2.61 Mil can be compared against companies in the Software 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 Software company?

A good Operating Income depends on the Software 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 Ayfie International AS and its competitors. Ayfie International AS's current Operating Income is $-2.61 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Ayfie International AS stock overvalued right now?

Ayfie International AS (AYFIF) has a current Operating Income of $-2.61 Mil. The stock's GF Value™ is $0.09, compared to a current price of $0.14 — trading 55.6% above its estimated fair value. The current Operating Income is $-2.61 Mil. Ayfie International AS's overall GF Score™ is 44/100 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 Ayfie International AS (AYFIF), the current Operating Income is $-2.61 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 Ayfie International AS (AYFIF) Overvalued in 2026?

Based on GuruFocus' analysis, Ayfie International AS stock appears to be overvalued. The current stock price of $0.14 is trading 55.6% above its estimated GF Value™ of $0.09.

Key valuation signals for AYFIF:

Operating Income: $-2.61 Mil
GF Value™: $0.09 vs. price of $0.14 (55.6% above fair value)
GF Score™: 44/100 with 3 warning signs

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

Ayfie International AS Business Description

Industry Technology Software

Comparable Companies OSL:HUDL XTER:SAP UBER SHOP CRM CDNS NOW ADP SNOW DDOG ADBE INTU TSX:CSU ADSK PAYX ROP WDAY MSTR FICO XPAR:DSY

Other Exchanges AIX:Norway

Address Sjolyst Plass 2, Oslo, NOR, 0278

Website https://www.ayfie.com

Ayfie International AS is a Norway-incorporated company engaged in developing and delivering software for enterprise search and generative AI, enabling organizations to search, summarize, and extract insights from documents, emails, and systems, with a mainly subscription-based business model delivered as SaaS or in customer-controlled environments, along with implementation and support services. The company provides solutions such as subscriptions and professional services, including consultancy services. The company generates a majority of its revenue from subscriptions, and geographically, it generates revenue from Norway.

44GF Score

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

$0.14

Price

$0.09

GF Value

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