Illustrative · fictional firm and companies
FLEET.Summit Roofing

Earnings · trailing twelve months

Two numbers, never one.

What the books measured, and what the owner has claimed on top of it. PIRP shows both and never blends them into a single figure.

Reported EBITDA $305,400 9.9% of revenue
MeasuredDerived from mapped accounts
Net income$74,400
+ Interest$62,000
+ Taxes$21,000
+ Depreciation & amortization$148,000
Reported EBITDA$305,400

Every line traces to a QuickBooks account. Sync: today, 3:44 AM.

Adjusted EBITDA $452,800 14.6% of revenue · 3 of 4 add-backs included
Measured baseOwner-stated adjustments
Reported EBITDA$305,400
+ Add-backs included$147,400
Not included (unanswered)$42,000
Adjusted EBITDA$452,800

Adjustments are the owner's statements about his own books, not measurements.

How to read these

Reported EBITDA is computed from the company's QuickBooks books. Each component traces to mapped accounts and can be opened to the account level.

Adjusted EBITDA adds items the owner has stated are non-recurring or personal. PIRP has not verified them and cannot. Each is attributed to the person who stated it and the date they did.

Neither figure is audited. Neither is a valuation, a quality-of-earnings report, or a recommendation to buy, sell or lend.

Figures computed by PIRP. Narrative written by an AI model from those computed figures — the model does not calculate, it describes.

Adjustments

Who said so, and when.

Every add-back was asked as a question and answered by a named person. Turn any of them off to see the figure without it.

An add-back with no answer is never counted. It appears here so the gap is visible rather than silent.

Chart of accounts

Same word, different shelf.

Two roofing companies can book the same truck cost in two places. Until PIRP knows where this company puts them, it will not rank this company against the others.

Asked of the owner

Answered once. The answer is durable and applies to every future period.

Inside the owner's PIRP

Nothing he can't see.

Every figure, flag and signal the firm sees is visible to the owner in his own PIRP, in the same words.

What Harbor Point sees about Summit Roofing

EarningsReported and Adjusted EBITDA, with your add-backs listed by name
MetricsYour seven core metrics and their trends
FlagsEvery investor flag — and you see the same flag, the same day
BooksWhen your books last synced and whether the month is closed
ActivityWhether you've been answering PIRP's questions and acting on findings

Alerts, Questions, Ask PIRP, Plan, Team and Scheduling stay private to your business.