Pangaea Oncology (XMAD:PANG) Operating Income: €-3.64 Mil (TTM As of Dec. 2025)

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XMAD:PANG Pangaea Oncology SA XMAD:PANG
60 GF Score
Price €1.55
GF Value €2.21
Valuation Possible Value Trap
! 7 Warning Signs
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What is Pangaea Oncology Operating Income?

Pangaea Oncology XMAD:PANG 60 Operating Income is €-3.64 Mil as of Dec. 2025. GuruFocus rates XMAD:PANG with a GF Score™ of 60/100 and a GF Value™ of €2.21 (Possible Value Trap). The stock has 7 warning signs investors should review.

Pangaea Oncology's Operating Income for the six months ended in Dec. 2025 was €-1.99 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €-3.64 Mil.

Warning Sign:

Pangaea Oncology SA 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. Pangaea Oncology's Operating Income for the six months ended in Dec. 2025 was €-1.99 Mil. Pangaea Oncology's Revenue for the six months ended in Dec. 2025 was €7.37 Mil. Therefore, Pangaea Oncology's Operating Margin % for the quarter that ended in Dec. 2025 was -27.06%.

Good Sign:

Pangaea Oncology SA operating margin is expanding. Margin expansion is usually a good sign.

Pangaea Oncology's 5-Year average Growth Rate for Operating Margin % was 0.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pangaea Oncology's annualized ROC % for the quarter that ended in Dec. 2025 was -13.43%. Pangaea Oncology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -72.10%.


Pangaea Oncology  (XMAD:PANG) Operating Income Explanation

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

Pangaea Oncology'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 )
=-3.988 * ( 1 - 15.11% )/( (24.899 + 25.51)/ 2 )
=-3.3854132/25.2045
=-13.43 %

where

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:

Pangaea Oncology'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 )
=-4.216/( ( (1.189 + max(4.914, 0)) + (1.22 + max(4.372, 0)) )/ 2 )
=-4.216/( ( 6.103 + 5.592 )/ 2 )
=-4.216/5.8475
=-72.10 %

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)
=(6.96 + 0.188 + 0.589) - (2.717 + 0 + 0.106)
=4.914

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.918 + 0.247 + 0.828) - (3.525 + 0 + 0.095999999999999)
=4.372

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 %:

Pangaea Oncology'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 )
=-1.994/7.368
=-27.06 %

* 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.


Pangaea Oncology Operating Income Related Terms


Pangaea Oncology Operating Income Historical Data

* Premium members only.

The historical data trend for Pangaea Oncology'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.

Pangaea Oncology Operating Income Chart

Pangaea Oncology Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.30 -2.20 -2.41 -2.00 -3.64

Pangaea Oncology 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 -1.45 -1.49 -0.50 -1.65 -1.99
XMAD:PANG
60GF Score
Pangaea Oncology SA XMAD:PANG
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Pangaea Oncology 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 €-3.64 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 €-3.64 Mil mean?
Pangaea Oncology (XMAD:PANG) has a Operating Income of €-3.64 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Pangaea Oncology and its competitors.
Is Pangaea Oncology's Operating Income too high?
Pangaea Oncology's current Operating Income is €-3.64 Mil. Overall, Pangaea Oncology has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Pangaea Oncology's Operating Income compare to TMO and DHR?
Pangaea Oncology's Operating Income of €-3.64 Mil can be compared against companies in the Medical Diagnostics & Research 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 Medical Diagnostics & Research company?
A good Operating Income depends on the Medical Diagnostics & Research 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 Pangaea Oncology and its competitors. Pangaea Oncology's current Operating Income is €-3.64 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pangaea Oncology stock overvalued right now?
Based on GuruFocus' analysis, Pangaea Oncology (XMAD:PANG) is currently considered Possible Value Trap. The stock's GF Value™ is €2.21, compared to a current price of €1.55 — trading 29.9% below its estimated fair value. The current Operating Income is €-3.64 Mil. Pangaea Oncology's overall GF Score™ is 60/100 with 7 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 Pangaea Oncology (XMAD:PANG), the current Operating Income is €-3.64 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 Pangaea Oncology (XMAD:PANG) Overvalued in 2026?

Based on GuruFocus' analysis, Pangaea Oncology stock appears to be undervalued. The current stock price of €1.55 is trading 29.9% below its estimated GF Value™ of €2.21. GuruFocus considers Pangaea Oncology to be Possible Value Trap.

Key valuation signals for XMAD:PANG:

  • Operating Income: €-3.64 Mil
  • GF Value™: €2.21 vs. price of €1.55 (29.9% below fair value)
  • GF Score™: 60/100 with 7 warning signs

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


Pangaea Oncology Business Description

Address Calle Sabino Arana, 5-19, Barcelona, ESP, 08028
Pangaea Oncology SA is a medical services company. The company provides a wide range of services to cancer patients, as well as global pharmaceutical and biotech clients, in the fields of molecular diagnostics, clinical trials, in vitro drug profiling, dx platform validation, and biomarker discovery. The company has aggregated its operations into two segments, Clinical Care division and Diagnostic and Research and Development services division. Clinical Care division delivers medical oncology services and related activities. Diagnostic and Research and Development services division provides diagnostic and in-vitro services.
60GF Score

Get the complete analysis for XMAD:PANG

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

€1.55
Price
€2.21
GF Value