EBITDA
EBITDA is earnings before interest, tax, depreciation and amortisation: a measure of operating profit before financing and before the cost of assets already bought.
Why It Matters
It is the standard basis for deal pricing and debt covenants, and it flatters capital-heavy businesses by excluding the cost of the equipment they depend on.
Related Terms
- Free Cash FlowFree cash flow is the cash a business generates from operations after the capital spending needed to keep it running.
- Enterprise ValueEnterprise value is the value of a whole business: its market capitalisation plus debt, less cash, representing what an acquirer would effectively pay for its operations.
- Operating LeverageOperating leverage is the extent to which a company's costs are fixed, so that additional revenue falls disproportionately to profit, and lost revenue does the reverse.
- Financial ReportingFinancial reporting is the published account of a company's performance and position, prepared to a recognised standard and, for listed companies, audited.
VANTAGE52 Coverage
Published reporting filed under the topics behind this concept.
egaranti Raises $1.1 Million in Pre-Series A Funding to Expand Across Central Asia
egaranti, the Türkiye-based warranty technology company, has raised $1.1 million in pre-Series A funding to accelerate its expansion in Uzbekistan, enter Kazakhstan and Azerbaijan, and develop a new consumer-facing warranty application in Türkiye.
AMD’s $8.2 Billion World Labs Bet Is About More Than AI Chips
AMD’s acquisition of San Francisco AI startup World Labs is taking the chip race into a new territory, combining compute, spatial intelligence and physical AI as the industry moves beyond models that only understand language.
Trump, Xi and Silicon Valley Are Redrawing the Global AI Map
The White House meeting between Donald Trump and Xi Jinping has placed artificial intelligence at the center of the U.S.-China relationship, while the presence of Silicon Valley’s most powerful technology executives has underscored how deeply AI has become tied to global economics, national security and geopolitical power.
A One-Month-Old Startup Is Already Chasing a $3.7 Billion Valuation
Emulate, founded by former Google DeepMind researchers, is reportedly in talks to raise up to $700 million just weeks after its creation, putting a new spotlight on the growing market for AI systems that can model the physical world.
KKR’s $609 Million Bet on Europe’s Commercial Property Market
KKR is investing €528 million in a new European real estate joint venture with Realty Income, gaining a 49% stake in a 54-property portfolio spanning four major markets.
Novo’s $1.4 Billion Bet on the Future of Oral Drugs
Novo Nordisk is backing Orbis Medicines in a deal worth up to $1.4 billion, betting that AI-enabled drug discovery can help turn traditionally injectable treatments into oral medicines.
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