ITEX (ITEX) Operating Income: $0.46 Mil (TTM As of Jul. 2025)

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ITEX ITEX Corp ITEX
69 GF Score
Price $3.04
GF Value $3.78
Valuation Modestly Undervalued
! 4 Warning Signs
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What is ITEX Operating Income?

ITEX ITEX 69 Operating Income is $0.46 Mil as of Jul. 2025. GuruFocus rates ITEX with a GF Score™ of 69/100 and a GF Value™ of $3.78 (Modestly Undervalued). The stock has 4 warning signs investors should review.

ITEX's Operating Income for the three months ended in Jul. 2025 was $0.13 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jul. 2025 was $0.46 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. ITEX's Operating Income for the three months ended in Jul. 2025 was $0.13 Mil. ITEX's Revenue for the three months ended in Jul. 2025 was $1.29 Mil. Therefore, ITEX's Operating Margin % for the quarter that ended in Jul. 2025 was 10.01%.

Warning Sign:

ITEX Corp operating margin has been in a 5-year decline. The average rate of decline per year is -8.4%.

ITEX's 5-Year average Growth Rate for Operating Margin % was -8.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ITEX's annualized ROC % for the quarter that ended in Jul. 2025 was 19.68%. ITEX's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2025 was 697.30%.


ITEX  (OTCPK:ITEX) Operating Income Explanation

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

ITEX's annualized ROC % for the quarter that ended in Jul. 2025 is calculated as:

ROC % (Q: Jul. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Apr. 2025 ) + Invested Capital (Q: Jul. 2025 ))/ count )
=0.516 * ( 1 - 37.08% )/( (1.586 + 1.713)/ 2 )
=0.3246672/1.6495
=19.68 %

where

Note: The Operating Income data used here is four times the quarterly (Jul. 2025) data.

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

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

ROC (Joel Greenblatt) %(Q: Jul. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Apr. 2025  Q: Jul. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.516/( ( (0.01 + max(-0.361, 0)) + (0.138 + max(-0.28, 0)) )/ 2 )
=0.516/( ( 0.01 + 0.138 )/ 2 )
=0.516/0.074
=697.30 %

where Working Capital is:

Working Capital(Q: Apr. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.229 + 0 + 0.215) - (0.755 + 0.05 + 0)
=-0.361

Working Capital(Q: Jul. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.313 + 0 + 0.029) - (0.581 + 0.041 + 0)
=-0.28

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jul. 2025) EBIT data.

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

ITEX's Operating Margin % for the quarter that ended in Jul. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Jul. 2025 )/Revenue (Q: Jul. 2025 )
=0.129/1.289
=10.01 %

* 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.


ITEX Operating Income Related Terms


ITEX Operating Income Historical Data

* Premium members only.

The historical data trend for ITEX'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.

ITEX Operating Income Chart

ITEX Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 0.77 0.83 0.61 0.46

ITEX Quarterly Data
Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25
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 0.17 0.08 0.11 0.14 0.13
ITEX
69GF Score
ITEX Corp ITEX
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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ITEX 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 Jul. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.46 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 $0.46 Mil mean?
ITEX (ITEX) has a Operating Income of $0.46 Mil as of Jul. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on ITEX and its competitors.
Is ITEX's Operating Income too high?
ITEX's current Operating Income is $0.46 Mil. Overall, ITEX has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ITEX's Operating Income compare to WAI and NCPL?
ITEX's Operating Income of $0.46 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Operating Income depends on the Capital Markets 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 ITEX and its competitors. ITEX's current Operating Income is $0.46 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITEX stock overvalued right now?
Based on GuruFocus' analysis, ITEX (ITEX) is currently considered Modestly Undervalued. The stock's GF Value™ is $3.78, compared to a current price of $3.04 — trading 19.6% below its estimated fair value. The current Operating Income is $0.46 Mil. ITEX's overall GF Score™ is 69/100 with 4 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 ITEX (ITEX), the current Operating Income is $0.46 Mil as of Jul. 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 ITEX (ITEX) Overvalued in 2026?

Based on GuruFocus' analysis, ITEX stock appears to be undervalued. The current stock price of $3.04 is trading 19.6% below its estimated GF Value™ of $3.78. GuruFocus considers ITEX to be Modestly Undervalued.

Key valuation signals for ITEX:

  • Operating Income: $0.46 Mil
  • GF Value™: $3.78 vs. price of $3.04 (19.6% below fair value)
  • GF Score™: 69/100 with 4 warning signs

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


ITEX Business Description

Address 13555 South East 36th Street, Suite 210, Bellevue, WA, USA, 98006
ITEX Corp operates a marketplace in which products and services are exchanged by marketplace members utilizing virtual currency. Its Marketplace provides a forum for members to purchase from and sell their products and services to other members using ITEX dollars instead of the United States dollars and Canadian dollars (USD or cash). It administers the marketplace and provides record-keeping and payment transaction processing services for its members. It generates revenue by charging members percentage-based transaction fees, association fees, and other fees assessed in United States dollars and Canadian dollars.
69GF Score

Get the complete analysis for ITEX

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

$3.04
Price
$3.78
GF Value