Provide a best in class estimate of the EBITDA and EBITDA margins for Rogo, decomposed by top line revenue, operating expenses with technology expense, headcount, depreciation, and other expenses broken out.

The Answer

Rogo is operating at a deeply negative EBITDA of approximately –$52M on an Adjusted (cash) basis and –$60M on a GAAP basis, corresponding to margins of roughly –120% and –139% respectively.