BYITY (Bytes Technology Group) Operating Income: $84.8 Mil (TTM As of Feb. 2026)


BYITY Bytes Technology Group PLC BYITY
66 GF Score
Price $9.88
GF Value $13.98
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Bytes Technology Group Operating Income?

Bytes Technology Group BYITY -7.06% 66 Operating Income is $84.8 Mil as of Feb. 2026. GuruFocus rates BYITY with a GF Score™ of 66/100 and a GF Value™ of $13.98 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Bytes Technology Group's Operating Income for the six months ended in Feb. 2026 was $40.8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2026 was $84.8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Bytes Technology Group's Operating Income for the six months ended in Feb. 2026 was $40.8 Mil. Bytes Technology Group's Revenue for the six months ended in Feb. 2026 was $152.8 Mil. Therefore, Bytes Technology Group's Operating Margin % for the quarter that ended in Feb. 2026 was 26.68%.

Good Sign:

Bytes Technology Group PLC operating margin is expanding. Margin expansion is usually a good sign.

Bytes Technology Group's 5-Year average Growth Rate for Operating Margin % was 23.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bytes Technology Group's annualized ROC % for the quarter that ended in Feb. 2026 was 23.16%. Bytes Technology Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 401.14%.

Bytes Technology Group  (OTCPK:BYITY) Operating Income Explanation

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

Bytes Technology Group's annualized ROC % for the quarter that ended in Feb. 2026 is calculated as:

ROC % (Q: Feb. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Aug. 2025 ) + Invested Capital (Q: Feb. 2026 ))/ count )
=81.54 * ( 1 - 28.73% )/( (217.438 + 284.446)/ 2 )
=58.113558/250.942
=23.16 %

where

Invested Capital(Q: Aug. 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))
=565.195 - 324.191 - ( 110.767 - max(0, 453.341 - 476.907+110.767))
=217.438

Invested Capital(Q: Feb. 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))
=644.197 - 331.395 - ( 134.03 - max(0, 526.11 - 554.466+134.03))
=284.446

Note: The Operating Income data used here is two times the semi-annual (Feb. 2026) data.

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

Bytes Technology Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=85.282/( ( (21.004 + max(-121.251, 0)) + (21.516 + max(-124.607, 0)) )/ 2 )
=85.282/( ( 21.004 + 21.516 )/ 2 )
=85.282/21.26
=401.14 %

where Working Capital is:

Working Capital(Q: Aug. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(325.778 + 0.019 + 5.253) - (324.191 + 0 + 128.11)
=-121.251

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(394.284 + 0 + 6.075) - (331.395 + 0 + 193.571)
=-124.607

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Feb. 2026) EBIT data.

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

Bytes Technology Group's Operating Margin % for the quarter that ended in Feb. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Feb. 2026 )/Revenue (Q: Feb. 2026 )
=40.77/152.826
=26.68 %

* 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.

Bytes Technology Group Operating Income Related Terms

Bytes Technology Group Operating Income Historical Data

* Premium members only.

The historical data trend for Bytes Technology 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.

Bytes Technology Group Operating Income Chart

Bytes Technology Group Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Operating Income
Get a 7-Day Free Trial Premium Member Only 57.25 61.45 71.61 83.35 85.23

Bytes Technology Group Semi-Annual Data
Feb18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 32.96 46.13 38.66 44.04 40.77
BYITY
66GF Score
Bytes Technology Group PLC BYITY
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Bytes Technology 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 Feb. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was $84.8 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 $84.8 Mil mean?
Bytes Technology Group (BYITY) has a Operating Income of $84.8 Mil as of Feb. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Bytes Technology Group and its competitors.
Is Bytes Technology Group's Operating Income too high?
Bytes Technology Group's current Operating Income is $84.8 Mil. Overall, Bytes Technology Group has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bytes Technology Group's Operating Income compare to MSFT and ORCL?
Bytes Technology Group's Operating Income of $84.8 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 Bytes Technology Group and its competitors. Bytes Technology Group's current Operating Income is $84.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bytes Technology Group stock overvalued right now?
Based on GuruFocus' analysis, Bytes Technology Group (BYITY) is currently considered Modestly Undervalued. The stock's GF Value™ is $13.98, compared to a current price of $9.88 — trading 29.3% below its estimated fair value. The current Operating Income is $84.8 Mil. Bytes Technology Group's overall GF Score™ is 66/100 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 Bytes Technology Group (BYITY), the current Operating Income is $84.8 Mil as of Feb. 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 Bytes Technology Group (BYITY) Overvalued in 2026?

Based on GuruFocus' analysis, Bytes Technology Group stock appears to be undervalued. The current stock price of $9.88 is trading 29.3% below its estimated GF Value™ of $13.98. GuruFocus considers Bytes Technology Group to be Modestly Undervalued.

Key valuation signals for BYITY:

  • Operating Income: $84.8 Mil
  • GF Value™: $13.98 vs. price of $9.88 (29.3% below fair value)
  • GF Score™: 66/100 with 3 warning signs

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

Bytes Technology Group Business Description

Address Randalls Way, Bytes House, Leatherhead, Surrey, GBR, KT22 7TW
Bytes Technology Group PLC is one of the UK's heading providers of IT software offerings and solutions, with a focus on cloud and security products. The Group enables effective and cost-efficient technology sourcing, adoption and management across software services, including in the areas of security and cloud. The company has only one reportable segment. The company's products are Software, Hardware, Services internal, and Services external. The company has presence in United Kingdom, Europe, Rest of world. The company generates majority of revenue from United Kingdom.
66GF Score

Get the complete analysis for BYITY

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

$9.88
Price
$13.98
GF Value