MTBLY (Moatable) Operating Income: $-2.15 Mil (TTM As of Sep. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MTBLY Moatable Inc MTBLY
63 GF Score
Price $0.47
GF Value $2.23
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is Moatable Operating Income?

Moatable MTBLY +27.03% 63 Operating Income is $-2.15 Mil as of Sep. 2025. GuruFocus rates MTBLY with a GF Score™ of 63/100 and a GF Value™ of $2.23 (Possible Value Trap). The stock has 2 warning signs investors should review.

Moatable's Operating Income for the three months ended in Sep. 2025 was $-1.45 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2025 was $-2.15 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Moatable's Operating Income for the three months ended in Sep. 2025 was $-1.45 Mil. Moatable's Revenue for the three months ended in Sep. 2025 was $20.43 Mil. Therefore, Moatable's Operating Margin % for the quarter that ended in Sep. 2025 was -7.11%.

Good Sign:

Moatable Inc operating margin is expanding. Margin expansion is usually a good sign.

Moatable's 5-Year average Growth Rate for Operating Margin % was 56.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Moatable's annualized ROC % for the quarter that ended in Sep. 2025 was -16.81%. Moatable's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was -78.16%.


Moatable  (OTCPK:MTBLY) Operating Income Explanation

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

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

ROC % (Q: Sep. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Sep. 2025 ))/ count )
=-5.808 * ( 1 - 0% )/( (34.092 + 35.018)/ 2 )
=-5.808/34.555
=-16.81 %

where

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

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

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

ROC (Joel Greenblatt) %(Q: Sep. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Sep. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-5.808/( ( (7.366 + max(-10.178, 0)) + (7.495 + max(-7.519, 0)) )/ 2 )
=-5.808/( ( 7.366 + 7.495 )/ 2 )
=-5.808/7.4305
=-78.16 %

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)
=(4.687 + 0 + 8.06) - (18.083 + 4.842 + 3.5527136788005E-15)
=-10.178

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.228 + 0 + 12.895) - (20.738 + 4.904 + 0)
=-7.519

When net working capital is negative, 0 is used.

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

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

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

Operating Margin %=Operating Income (Q: Sep. 2025 )/Revenue (Q: Sep. 2025 )
=-1.452/20.425
=-7.11 %

* 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.


Moatable Operating Income Related Terms


Moatable Operating Income Historical Data

* Premium members only.

The historical data trend for Moatable'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.

Moatable Operating Income Chart

Moatable Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -27.23 -32.70 -15.25 -9.94 -2.75

Moatable Quarterly Data
Jun20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 -0.57 -0.17 -0.97 0.45 -1.45
MTBLY
63GF Score
Moatable Inc MTBLY
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Moatable 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 Sep. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.15 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 $-2.15 Mil mean?
Moatable (MTBLY) has a Operating Income of $-2.15 Mil as of Sep. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Moatable and its competitors.
Is Moatable's Operating Income too high?
Moatable's current Operating Income is $-2.15 Mil. Overall, Moatable has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Moatable's Operating Income compare to BNZI and LOTT?
Moatable's Operating Income of $-2.15 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 Moatable and its competitors. Moatable's current Operating Income is $-2.15 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Moatable stock overvalued right now?
Based on GuruFocus' analysis, Moatable (MTBLY) is currently considered Possible Value Trap. The stock's GF Value™ is $2.23, compared to a current price of $0.47 — trading 78.9% below its estimated fair value. The current Operating Income is $-2.15 Mil. Moatable's overall GF Score™ is 63/100 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 Moatable (MTBLY), the current Operating Income is $-2.15 Mil as of Sep. 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 Moatable (MTBLY) Overvalued in 2026?

Based on GuruFocus' analysis, Moatable stock appears to be undervalued. The current stock price of $0.47 is trading 78.9% below its estimated GF Value™ of $2.23. GuruFocus considers Moatable to be Possible Value Trap.

Key valuation signals for MTBLY:

  • Operating Income: $-2.15 Mil
  • GF Value™: $2.23 vs. price of $0.47 (78.9% below fair value)
  • GF Score™: 63/100 with 2 warning signs

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


Moatable Business Description

Address 45 West Buchanan Street, Phoenix, AZ, USA, 85003
Moatable Inc operates two U.S. software-as-a-service, or SaaS, businesses, Lofty and Trucker Path. Lofty offers an all-in-one real estate sales acceleration and client lifecycle management platform that allows real estate professionals to obtain and nurture leads, close transactions, and retain their clients. Trucker Path provides trip planning, navigation, freight sourcing, and a marketplace that offers truckers goods and services to operate their businesses. The maximum revenue is derived from Lofty.
63GF Score

Get the complete analysis for MTBLY

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

$0.47
Price
$2.23
GF Value