TPBTF (BetMakers Technology Group) Operating Income: $-4.93 Mil (TTM As of Dec. 2025)


TPBTF BetMakers Technology Group Ltd TPBTF
50 GF Score
Price $0.13
GF Value $0.04
Valuation Significantly Overvalued
! 5 Warning Signs
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What is BetMakers Technology Group Operating Income?

BetMakers Technology Group TPBTF 50 Operating Income is $-4.93 Mil as of Dec. 2025. GuruFocus rates TPBTF with a GF Score™ of 50/100 and a GF Value™ of $0.04 (Significantly Overvalued). The stock has 5 warning signs investors should review.

BetMakers Technology Group's Operating Income for the six months ended in Dec. 2025 was $-1.47 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $-4.93 Mil.

Warning Sign:

BetMakers Technology Group Ltd has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. BetMakers Technology Group's Operating Income for the six months ended in Dec. 2025 was $-1.47 Mil. BetMakers Technology Group's Revenue for the six months ended in Dec. 2025 was $30.63 Mil. Therefore, BetMakers Technology Group's Operating Margin % for the quarter that ended in Dec. 2025 was -4.80%.

Good Sign:

BetMakers Technology Group Ltd operating margin is expanding. Margin expansion is usually a good sign.

BetMakers Technology Group's 5-Year average Growth Rate for Operating Margin % was 21.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BetMakers Technology Group's annualized ROC % for the quarter that ended in Dec. 2025 was -4.93%. BetMakers Technology Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -34.19%.

BetMakers Technology Group  (OTCPK:TPBTF) Operating Income Explanation

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

BetMakers Technology Group's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-2.94 * ( 1 - 0% )/( (59.617 + 59.73)/ 2 )
=-2.94/59.6735
=-4.93 %

where

Invested Capital(Q: Jun. 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))
=87.342 - 20.503 - ( 19.735 - max(0, 24.964 - 32.186+19.735))
=59.617

Invested Capital(Q: Dec. 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))
=88.488 - 20.515 - ( 20.039 - max(0, 24.362 - 32.605+20.039))
=59.73

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

BetMakers Technology Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-3.95/( ( (11.182 + max(-13.171, 0)) + (11.925 + max(-10.317, 0)) )/ 2 )
=-3.95/( ( 11.182 + 11.925 )/ 2 )
=-3.95/11.5535
=-34.19 %

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)
=(7.215 + 1.855 + 1.922) - (20.503 + 1.174 + 2.486)
=-13.171

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.664 + 1.085 + 1.842) - (20.515 + 0.317 + 3.076)
=-10.317

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

BetMakers Technology Group's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-1.47/30.629
=-4.80 %

* 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.

BetMakers Technology Group Operating Income Related Terms

BetMakers Technology Group Operating Income Historical Data

* Premium members only.

The historical data trend for BetMakers 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.

BetMakers Technology Group Operating Income Chart

BetMakers Technology Group Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -13.79 -67.29 -33.61 -12.49 -8.53

BetMakers Technology Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -8.86 -3.70 -4.93 -3.46 -1.47
TPBTF
50GF Score
BetMakers Technology Group Ltd TPBTF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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BetMakers 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-4.93 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 $-4.93 Mil mean?
BetMakers Technology Group (TPBTF) has a Operating Income of $-4.93 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on BetMakers Technology Group and its competitors.
Is BetMakers Technology Group's Operating Income too high?
BetMakers Technology Group's current Operating Income is $-4.93 Mil. Overall, BetMakers Technology Group has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BetMakers Technology Group's Operating Income compare to FLUT and DKNG?
BetMakers Technology Group's Operating Income of $-4.93 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Operating Income depends on the Travel & Leisure 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 BetMakers Technology Group and its competitors. BetMakers Technology Group's current Operating Income is $-4.93 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BetMakers Technology Group stock overvalued right now?
Based on GuruFocus' analysis, BetMakers Technology Group (TPBTF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.04, compared to a current price of $0.13 — trading 216.4% above its estimated fair value. The current Operating Income is $-4.93 Mil. BetMakers Technology Group's overall GF Score™ is 50/100 with 5 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 BetMakers Technology Group (TPBTF), the current Operating Income is $-4.93 Mil as of Dec. 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 BetMakers Technology Group (TPBTF) Overvalued in 2026?

Based on GuruFocus' analysis, BetMakers Technology Group stock appears to be overvalued. The current stock price of $0.13 is trading 216.4% above its estimated GF Value™ of $0.04. GuruFocus considers BetMakers Technology Group to be Significantly Overvalued.

Key valuation signals for TPBTF:

  • Operating Income: $-4.93 Mil
  • GF Value™: $0.04 vs. price of $0.13 (216.4% above fair value)
  • GF Score™: 50/100 with 5 warning signs

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

BetMakers Technology Group Business Description

Other Exchanges BET:Australia
Address 189 Flinders Lane, Level 4, Melbourne, VIC, AUS, 3000
BetMakers Technology Group Ltd engages in the development and provision of software, data, and analytic products for the B2B wagering market and the production and distribution of racing content. The firm operates in two segments: Global betting services and Global Tote. The Global betting services segment provides customers with a variety of racing software, data, and analytical tools. This includes basic race data such as pricing, runners, and form, as well as analytical tools to consume and leverage the data, and wagering tools such as platforms and managed trading services. The Global Tote segment, which derives maximum revenue, includes the provision of tote software and integrations to facilitate tote liquidity and resulting.
50GF Score

Get the complete analysis for TPBTF

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

$0.13
Price
$0.04
GF Value