Income Statement

Also known as a profit and loss statement, it summarizes a company’s revenues and expenses over a period, typically a fiscal quarter or year, showing how the revenues are transformed into net income or net profit. This financial document provides a detailed breakdown of how the company’s operations perform, highlighting areas of strength and concern in terms of revenue generation and expense management. It is an essential tool for investors, management, and other stakeholders to gauge the profitability and operational efficiency of the company over time.