WHITE SMOKE 6 of 6 advocates 2026-06-04

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

A verdict was reached, no dissent.

The Bottom Line

Hebbia is operating at a negative EBITDA margin of approximately -25% on $47 million in revenue (Mid-2026 TTM), resulting in an EBITDA loss of roughly $11.7 million.

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Claude Opus 4.7 GPT-5 Gemini 3.1 Pro Grok 4 Magistral Medium DeepSeek V4 Pro