TRXA (Trex Acquisition) Operating Income: $-3.75 Mil (TTM As of Mar. 2026)

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TRXA Trex Acquisition Corp TRXA
9 GF Score
Price $0.99
! 6 Warning Signs
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What is Trex Acquisition Operating Income?

Trex Acquisition TRXA 9 Operating Income is $-3.75 Mil as of Mar. 2026. GuruFocus rates TRXA with a GF Score™ of 9/100. The stock has 6 warning signs investors should review.

Trex Acquisition's Operating Income for the three months ended in Mar. 2026 was $-1.33 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $-3.75 Mil.

Warning Sign:

Trex Acquisition Corp 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. Trex Acquisition's Operating Income for the three months ended in Mar. 2026 was $-1.33 Mil. Trex Acquisition's Revenue for the three months ended in Mar. 2026 was $0.00 Mil. Therefore, Trex Acquisition's Operating Margin % for the quarter that ended in Mar. 2026 was -133,100.00%.

Trex Acquisition'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. Trex Acquisition's annualized ROC % for the quarter that ended in Mar. 2026 was -312.81%. Trex Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -758.48%.


Trex Acquisition  (OTCPK:TRXA) Operating Income Explanation

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

Trex Acquisition's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-5.324 * ( 1 - 0% )/( (1.902 + 1.502)/ 2 )
=-5.324/1.702
=-312.81 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

Trex Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-4.384/( ( (0.583 + max(-1.303, 0)) + (0.573 + max(-1.241, 0)) )/ 2 )
=-4.384/( ( 0.583 + 0.573 )/ 2 )
=-4.384/0.578
=-758.48 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.01) - (0.879 + 0 + 0.434)
=-1.303

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.012) - (1.074 + 0 + 0.179)
=-1.241

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

Trex Acquisition's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-1.331/0.001
=-133,100.00 %

* 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.


Trex Acquisition Operating Income Related Terms


Trex Acquisition Operating Income Historical Data

* Premium members only.

The historical data trend for Trex Acquisition'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.

Trex Acquisition Operating Income Chart

Trex Acquisition 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 -0.47 -1.29 -1.84 -1.00 -2.12

Trex Acquisition Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -0.38 -1.12 -0.61 -0.69 -1.33
TRXA
9GF Score
Trex Acquisition Corp TRXA
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Trex Acquisition 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.75 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 $-3.75 Mil mean?
Trex Acquisition (TRXA) has a Operating Income of $-3.75 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Trex Acquisition and its competitors.
Is Trex Acquisition's Operating Income too high?
Trex Acquisition's current Operating Income is $-3.75 Mil. Overall, Trex Acquisition has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Trex Acquisition's Operating Income compare to NRDE and IGTA?
Trex Acquisition's Operating Income of $-3.75 Mil can be compared against companies in the Diversified Financial Services 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 Diversified Financial Services company?
A good Operating Income depends on the Diversified Financial Services 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 Trex Acquisition and its competitors. Trex Acquisition's current Operating Income is $-3.75 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trex Acquisition stock overvalued right now?
Trex Acquisition (TRXA) has a current Operating Income of $-3.75 Mil. The current Operating Income is $-3.75 Mil. Trex Acquisition's overall GF Score™ is 9/100 with 6 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 Trex Acquisition (TRXA), the current Operating Income is $-3.75 Mil as of Mar. 2026. 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.

Trex Acquisition Business Description

Address 151 North Nob Hill Road, Suite 402, Plantation, FL, USA, 33324
Trex Acquisition Corp is a publicly traded, vertically integrated Bitcoin mining company focused on sustainable solutions. It operates across Bitcoin mining, hosting services, proprietary container manufacturing, and software services supported by a dedicated platform. The Company's core focus is securing and operating within the Bitcoin distributed ledger network while exploring other distributed ledger protocols and related infrastructure. Its business is organized into four segments: Mining, which generates the majority of revenue from Bitcoin rewards; Hosting, providing third-party services at the Orofino facility; Holding, responsible for financing and corporate expenses; and Software Services, which enhance operations through software solutions.
9GF Score

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

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