#net-income
Calculate and analyze net income for business performance
Beginning equity plus profit minus distributions plus new capital equals ending equity — the statement that reconciles each dollar of movement.
CoreWeave depreciates GPU servers over 6 years, Lambda over 5, and Nebius over 4 — a difference in useful-life estimates that can shift reported profit by tens of millions of dollars per 10,000-GPU fleet without any cash changing hands, and sits at the center of Michael Burry's $176 billion overstated-depreciation claim against major AI infrastructure spenders.
A line-by-line breakdown of the income statement for small business owners — covering revenue, COGS, gross profit, operating income, and net income, plus key ratios and the five most common mistakes that distort results.
Understand the essential concept of net income and learn how to accurately track it using Beancount, a plaintext accounting system favored by engineers and financial minimalists.
