Browse the library
Topic
Income statement
13 guides in Finabase Learn
- Cost of Goods Sold (COGS) The direct costs of producing the goods or services a company sold in a period, subtracted from revenue to get gross profit.
- Depreciation Spreading the cost of a tangible asset such as equipment over its useful life as a yearly non-cash expense.
- Earnings A company's profit for a period, the bottom line of the income statement; usually used interchangeably with net income.
- EBIT Earnings before interest and taxes: profit from operations before financing costs and income tax.
- Gross profit Revenue minus cost of goods sold, before operating expenses, interest and tax.
- How the three financial statements link, checked on Apple Trace how net income, cash and equity connect across the income statement, balance sheet and cash flow statement, verified on Apple’s fiscal 2025 numbers.
- How to read the Finabase financials tab A walkthrough of a company’s financials tab in Finabase: the annual and quarterly views, the three statement cards, the revenue flow diagram and calendar-quarter labels.
- Income statement The financial statement that reports revenue, expenses and profit over a period, ending in net income and EPS.
- Income statement: how to read one line by line, with Apple Read an income statement from net sales to diluted EPS, using Apple’s fiscal 2025 numbers: margins at every level, taxes, common-size analysis and three-year trends.
- Net income Revenue minus all expenses, interest and taxes for a period; the bottom line of the income statement.
- Operating income Gross profit minus operating expenses such as research, sales and administration; profit from the core business.
- Revenue The money a company earns from selling its goods and services in a period, before any costs are subtracted; the income statement’s top line.
- Revenue recognition: the ASC 606 five steps, with Apple’s numbers How companies decide when a sale counts as revenue under ASC 606, what deferred revenue tells you, gross versus net reporting, and the red flags to check.
Educational content, not investment advice. Finabase Learn explains how markets and tools work. It does not recommend any security or strategy, and examples are for illustration only. Investing involves risk, including the loss of principal. Rules and figures are for the United States unless stated and can change — check the cited source before you act.