EBITDA
Earnings Before Interest, Taxes, Depreciation, and Amortization. Profit with the awkward parts removed. Beloved by companies whose awkward parts are substantial.
Heard in the wild
“They're EBITDA-positive, which is doing a lot of work in that sentence.”
Tone check: Technical
Useful for comparisons, dangerous as gospel. Charlie Munger had opinions about this metric; they were not kind.