August 13, 2022

worrying

Stop Worrying So Much About Non-GAAP Measures

A long time ago, in an accounting classroom far, far away, I heard one of my professors refer to EBITDA as “everything but the bad stuff,” implying that this non-GAAP metric could not and should not be trusted. Then I started working and it soon became obvious that nearly everyone trusts EBITDA! The premise being […]