Net Income

Net income, often called "profit" or "bottom line," is the amount of money a business has left after subtracting all expenses from its total revenue. It reflects how much money the company actually makes during a specific period. Expenses include costs like salaries, rent, utilities, taxes, and other operating costs. If the revenue exceeds expenses, the net income is positive, indicating a profit. If expenses are higher than revenue, the net income is negative, meaning a loss. It’s an important measure of a company's financial health and performance.