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Doma Holdings (Doma Holdings) Operating Income : $-61.5 Mil (TTM As of Dec. 2023)


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What is Doma Holdings Operating Income?

Doma Holdings's Operating Income for the three months ended in Dec. 2023 was $-11.6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-61.5 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Doma Holdings's Operating Income for the three months ended in Dec. 2023 was $-11.6 Mil. Doma Holdings's Revenue for the three months ended in Dec. 2023 was $84.6 Mil. Therefore, Doma Holdings's Operating Margin % for the quarter that ended in Dec. 2023 was -13.76%.

Doma Holdings'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. Doma Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -37.33%. Doma Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -39.50%.


Doma Holdings Operating Income Historical Data

The historical data trend for Doma Holdings'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.

* Premium members only.

Doma Holdings Operating Income Chart

Doma Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
-17.47 -28.68 -101.96 -166.04 -73.39

Doma Holdings Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -36.78 -20.80 -15.88 -11.65 -13.14

Doma Holdings 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-61.5 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.


Doma Holdings  (NYSE:DOMA) Operating Income Explanation

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

Doma Holdings's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-46.584 * ( 1 - -0.35% )/( (123.449 + 126.985)/ 2 )
=-46.747044/125.217
=-37.33 %

where

Invested Capital(Q: Sep. 2023 )
=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))
=263.176 - 7.326 - ( 132.401 - max(0, 16.523 - 169.102+132.401))
=123.449

Invested Capital(Q: Dec. 2023 )
=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))
=240.301 - 7.958 - ( 105.358 - max(0, 14.741 - 137.646+105.358))
=126.985

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Doma Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-46.66/( ( (39.575 + max(156.036, 0)) + (37.836 + max(2.836, 0)) )/ 2 )
=-46.66/( ( 195.611 + 40.672 )/ 2 )
=-46.66/118.1415
=-39.50 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.254 + 0 + 9.828) - (7.326 + 0 + -146.28)
=156.036

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9.786 + 0 + 7.791) - (7.958 + 0 + 6.783)
=2.836

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Doma Holdings's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=-11.646/84.612
=-13.76 %

* 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.


Doma Holdings Operating Income Related Terms

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Doma Holdings (Doma Holdings) Business Description

Traded in Other Exchanges
N/A
Address
101 Mission Street, Suite 740, San Francisco, CA, USA, 94105
Doma Holdings Inc is architecting the future of real estate transactions. The company uses machine intelligence and its patented technology solutions to transform residential real estate, making closings instant and affordable. The company operates through two complementary segments- Distribution and Underwriting. Majority revenue is generated from Underwriting segment. Underwriting segment reflects the results of their title insurance underwriting business, including policies referred through Direct Agents and Third-Party Agents channels. The referring agents typically retain approximately 82% - 84% of the policy premiums in exchange for their services.
Executives
Michael Alan Smith officer: Chief Accounting Officer C/O CAPITALSOURCE INC., 5404 WISCONSIN AVENUE, 2ND FLOOR, CHEVY CHASE MD 20815
Maxwell Simkoff director, 10 percent owner, officer: Chief Executive Officer 101 MISSION ST., SUITE 740, SAN FRANCISCO CA 94105
Hasan Rizvi officer: Chief Technology Officer 101 MISSION ST., SUITE 740, SAN FRANCISCO CA 94105
Len X, Llc 10 percent owner 700 NW 107 AVENUE, MIAMI FL 33172
Lennar Corp /new/ 10 percent owner 5505 WATERFORD DISTRICT DRIVE, MIAMI FL 33126
Mark Ein director
Len Fw Investor, Llc 10 percent owner 700 NW 107 AVENUE, MIAMI FL 33172
Maxine Williams director 101 MISSION ST., SUITE 740, SAN FRANCISCO CA 94105
Foundation Capital Viii, L.p. 10 percent owner 250 MIDDLEFIELD ROAD, MENLO PARK CA 94025
Foundation Capital Viii Principals Fund, L.l.c. 10 percent owner 250 MIDDLEFIELD ROAD, MENLO PARK CA 94025
Foundation Capital Management Co. Lf Ii, L.l.c. 10 percent owner 550 HIGH STREET, 3RD FLOOR, PALO ALTO CA 94301
Foundation Capital Leadership Fund Ii, L.p. 10 percent owner 550 HIGH STREET, 3RD FLOOR, PALO ALTO CA 94301
Stuart A Miller director 700 NW 107TH AVE, MIAMI FL 33172
Christopher T Morrison officer: Chief Operating Officer 101 MISSION ST., SUITE 740, SAN FRANCISCO CA 94105
Eric J Watson officer: General Counsel & Secretary 101 MISSION ST., SUITE 740, SAN FRANCISCO CA 94105