BNR (Burning Rock Biotech) Operating Income: $-8.31 Mil (TTM As of Mar. 2026)

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BNR Burning Rock Biotech Ltd BNR
59 GF Score
Price $9.35
GF Value $7.47
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Burning Rock Biotech Operating Income?

Burning Rock Biotech BNR -6.16% 59 Operating Income is $-8.31 Mil as of Mar. 2026. GuruFocus rates BNR with a GF Score™ of 59/100 and a GF Value™ of $7.47 (Modestly Overvalued). The stock has 2 warning signs investors should review.

Burning Rock Biotech's Operating Income for the three months ended in Mar. 2026 was $-2.73 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $-8.31 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Burning Rock Biotech's Operating Income for the three months ended in Mar. 2026 was $-2.73 Mil. Burning Rock Biotech's Revenue for the three months ended in Mar. 2026 was $15.66 Mil. Therefore, Burning Rock Biotech's Operating Margin % for the quarter that ended in Mar. 2026 was -17.46%.

Good Sign:

Burning Rock Biotech Ltd operating margin is expanding. Margin expansion is usually a good sign.

Burning Rock Biotech's 5-Year average Growth Rate for Operating Margin % was 33.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Burning Rock Biotech's annualized ROC % for the quarter that ended in Mar. 2026 was -31.65%. Burning Rock Biotech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -71.81%.


Burning Rock Biotech  (NAS:BNR) Operating Income Explanation

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

Burning Rock Biotech'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 )
=-10.936 * ( 1 - 0% )/( (33.063 + 36.035)/ 2 )
=-10.936/34.549
=-31.65 %

where

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

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

Burning Rock Biotech'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 )
=-9.996/( ( (10.489 + max(0.99899999999998, 0)) + (11.452 + max(4.9, 0)) )/ 2 )
=-9.996/( ( 11.488 + 16.352 )/ 2 )
=-9.996/13.92
=-71.81 %

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)
=(24.082 + 6.897 + 2.678) - (15.492 + 15.392 + 1.774)
=0.99899999999998

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(23.867 + 7.878 + 3.408) - (13.555 + 16.697 + 0.0010000000000048)
=4.9

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. Operating Income is also linked to Operating Margin %:

Burning Rock Biotech's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-2.734/15.662
=-17.46 %

* 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.


Burning Rock Biotech Operating Income Related Terms


Burning Rock Biotech Operating Income Historical Data

* Premium members only.

The historical data trend for Burning Rock Biotech'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.

Burning Rock Biotech Operating Income Chart

Burning Rock Biotech Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only -125.14 -140.63 -93.74 -44.29 -7.79

Burning Rock Biotech Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 Premium Member Only Premium Member Only -2.09 -1.60 -2.26 -1.71 -2.73
BNR
59GF Score
Burning Rock Biotech Ltd BNR
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Burning Rock Biotech 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.31 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 $-8.31 Mil mean?
Burning Rock Biotech (BNR) has a Operating Income of $-8.31 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Burning Rock Biotech and its competitors.
Is Burning Rock Biotech's Operating Income too high?
Burning Rock Biotech's current Operating Income is $-8.31 Mil. Overall, Burning Rock Biotech has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Burning Rock Biotech's Operating Income compare to XGN and IDXG?
Burning Rock Biotech's Operating Income of $-8.31 Mil can be compared against companies in the Medical Diagnostics & Research 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 Medical Diagnostics & Research company?
A good Operating Income depends on the Medical Diagnostics & Research 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 Burning Rock Biotech and its competitors. Burning Rock Biotech's current Operating Income is $-8.31 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Burning Rock Biotech stock overvalued right now?
Based on GuruFocus' analysis, Burning Rock Biotech (BNR) is currently considered Modestly Overvalued. The stock's GF Value™ is $7.47, compared to a current price of $9.35 — trading 25.2% above its estimated fair value. The current Operating Income is $-8.31 Mil. Burning Rock Biotech's overall GF Score™ is 59/100 with 2 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 Burning Rock Biotech (BNR), the current Operating Income is $-8.31 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.

Is Burning Rock Biotech (BNR) Overvalued in 2026?

Based on GuruFocus' analysis, Burning Rock Biotech stock appears to be overvalued. The current stock price of $9.35 is trading 25.2% above its estimated GF Value™ of $7.47. GuruFocus considers Burning Rock Biotech to be Modestly Overvalued.

Key valuation signals for BNR:

  • Operating Income: $-8.31 Mil
  • GF Value™: $7.47 vs. price of $9.35 (25.2% above fair value)
  • GF Score™: 59/100 with 2 warning signs

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


Burning Rock Biotech Business Description

Other Exchanges 6BU0:Germany
Address No. 5, Xingdao Ring Road North, International Bio Island, Guangzhou, CHN, 510005
Burning Rock Biotech Ltd is a cancer diagnostics company. The Group provides pharma research and development services, mainly cancer therapy selection tests services, companion diagnostics development services, and other service agreements with the combination of various customized tests services and analytical validation services, to pharmaceutical companies for developing new drugs for targeted therapies, immunotherapies on various types of cancers, and to hospitals for their studies on cancer diagnosis & treatment. It had three operating segments, including the Central laboratory business, the In-hospital business, & Pharma research & development services. It generates the majority of its revenue from the Central laboratory business. Its products are Pan-HEME, OncoScreen-WES, & others.
59GF Score

Get the complete analysis for BNR

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

$9.35
Price
$7.47
GF Value