RHNO (Rhino Bitcoin) Operating Income: $-0.51 Mil (TTM As of Jul. 2025)

What is Rhino Bitcoin Operating Income?

Rhino Bitcoin RHNO -2.01% 61 Operating Income is $-0.51 Mil as of Jul. 2025. GuruFocus rates RHNO with a GF Score™ of 61/100 and a GF Value™ of $16.02 (Possible Value Trap). The stock has 3 warning signs investors should review.

Rhino Bitcoin's Operating Income for the three months ended in Jul. 2025 was $-0.12 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jul. 2025 was $-0.51 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Rhino Bitcoin's Operating Income for the three months ended in Jul. 2025 was $-0.12 Mil. Rhino Bitcoin's Revenue for the three months ended in Jul. 2025 was $0.16 Mil. Therefore, Rhino Bitcoin's Operating Margin % for the quarter that ended in Jul. 2025 was -76.58%.

Good Sign:

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

Rhino Bitcoin's 5-Year average Growth Rate for Operating Margin % was 48.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Rhino Bitcoin's annualized ROC % for the quarter that ended in Jul. 2025 was -72.51%. Rhino Bitcoin's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2025 was -86.89%.

Rhino Bitcoin (OTCPK:RHNO) Operating Income Explanation

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

Rhino Bitcoin'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 )
=	-0.484 * ( 1 - 0% )	/	( (0.201	+	1.134)	/ 2 )
=	-0.484	/	0.6675
=	-72.51 %

where

	Invested Capital		(Q: Apr. 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	))
=	0.638	-	0.281	-	( 0.156	-	max(0, 0.314	-	0.578	+	0.156	))
=	0.201

	Invested Capital		(Q: Jul. 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	))
=	1.552	-	0.393	-	( 0.025	-	max(0, 0.393	-	1.533	+	0.025	))
=	1.134

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

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

Rhino Bitcoin'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 )
=	-0.424	/	( ( (0.06 + max(-0.144, 0))	+	(0.019 + max(0.897, 0)) )	/	2 )
=	-0.424	/	( ( 0.06	+	0.916 )	/	2 )
=	-0.424	/	0.488
=	-86.89 %

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)
=	(0.09	+	0	+	0.047)	-	(0.281	+	0	+	-5.5511151231258E-17)
=	-0.144

	Working Capital		(Q: Jul. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.293	+	0	+	0.997)	-	(0.393	+	0	+	0)
=	0.897

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 %:

Rhino Bitcoin'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 )
	=	-0.121	/	0.158
	=	-76.58 %

* 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.

Rhino Bitcoin Operating Income Related Terms

Rhino Bitcoin Operating Income Historical Data

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The historical data trend for Rhino Bitcoin's Operating Income can be seen below:

Rhino Bitcoin Operating Income Chart

Rhino Bitcoin Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

Jul24

Jul25

Operating Income

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-0.40

-0.62

-0.39

-0.44

-0.51

Rhino Bitcoin 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															-0.07	-0.13	-0.12	-0.14	-0.12

61GF Score

Rhino Bitcoin Inc RHNO

Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.

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Rhino Bitcoin 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 $-0.51 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $-0.51 Mil mean?

Rhino Bitcoin (RHNO) has a Operating Income of $-0.51 Mil as of Jul. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Rhino Bitcoin and its competitors.

Is Rhino Bitcoin's Operating Income too high?

Rhino Bitcoin's current Operating Income is $-0.51 Mil. Overall, Rhino Bitcoin has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Rhino Bitcoin's Operating Income compare to ABTC and BTBT?

Rhino Bitcoin's Operating Income of $-0.51 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 Rhino Bitcoin and its competitors. Rhino Bitcoin's current Operating Income is $-0.51 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Rhino Bitcoin stock overvalued right now?

Based on GuruFocus' analysis, Rhino Bitcoin (RHNO) is currently considered Possible Value Trap. The stock's GF Value™ is $16.02, compared to a current price of $7.92 — trading 50.6% below its estimated fair value. The current Operating Income is $-0.51 Mil. Rhino Bitcoin's overall GF Score™ is 61/100 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 Rhino Bitcoin (RHNO), the current Operating Income is $-0.51 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 Rhino Bitcoin (RHNO) Overvalued in 2026?

Based on GuruFocus' analysis, Rhino Bitcoin stock appears to be undervalued. The current stock price of $7.92 is trading 50.6% below its estimated GF Value™ of $16.02. GuruFocus considers Rhino Bitcoin to be Possible Value Trap.

Key valuation signals for RHNO:

Operating Income: $-0.51 Mil
GF Value™: $16.02 vs. price of $7.92 (50.6% below fair value)
GF Score™: 61/100 with 3 warning signs

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

Rhino Bitcoin Business Description

Industry Financial Services Capital Markets

Comparable Companies ABTC BTBT TIGR AXG LCLN BTGO GEMI CSHR SBET CNCK MS GS SCHW HOOD ASX:MQG SHSE:600030 BSP:BPAC3 SZSE:300059 SHSE:601211 IBKR

Address 1200 Brickell Avenue, Suite 310, Miami, FL, USA, 33131

Website https://www.rhinobitcoin.com

Rhino Bitcoin Inc is a Nevada corporation and Bitcoin financial services company focused on making everyday banking and financial management accessible. It integrates traditional banking functions within a secure, user-friendly platform centered on Bitcoin and maintains an active Bitcoin treasury strategy. The Company offers account funding and withdrawal in USD and Bitcoin, Bitcoin trading, custody services, remittances, discounted gift card purchasing, retirement accounts, Bitcoin collateralized loans, bill payments, and direct deposit. Its primary revenue comes from trading activities earning a spread on client exchanges between Bitcoin and U.S. dollars, and it operates in the United States, Malaysia, and Hong Kong.

61GF Score

Get the complete analysis for RHNO

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

$7.92

Price

$16.02

GF Value

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