Start free trial
Take Naologic for a spin today, no credit card needed and no obligations.
Start free trial

Gross Profit - What do you mean by gross profit?


After subtracting the expenses linked to producing and selling a company's goods or rendering its services, the remaining amount is the gross profit. When you deduct the cost of goods sold (COGS) from revenue (sales), you get gross profit. This number shows up on an income statement.