EBITDA

Definition

Earnings Before Interest, Taxes, Depreciation, and Amortization — operating profit with non-cash D&A added back.

Formula

EBITDA = Operating profit + Depreciation + Amortization

Worked Example

Operating profit -$7,000; D&A $3,200:

EBITDA = -$3,800

Interpretation & Pitfalls

Useful for comparing operations across capital structures; dangerous as a cash proxy when CAPEX is real and recurring — the GPUs WILL need replacing.

In TupicFinance

Because D&A posts as distinct categories, EBITDA is one filter away from operating profit.