We’re fluent in startup finance. Now you can be too.

Learn more about common financial (and startup) terms here. To learn more about Pilot, fill out the form below.

Oops! Something went wrong while submitting the form.
Income statement

What is an income statement?

An income statement, also known as a profit and loss statement, is a financial document that shows how much profit or loss a company made over a specific period. It includes revenues, costs, and expenses incurred during that period.

The income statement is one of the three major financial statements used by businesses to evaluate their financial performance, alongside the balance sheet and cash flow statement. By analyzing an income statement, stakeholders can gain insights into a company's profitability, operational efficiency, and compare performance over time.

Need help with other finance or startup questions?

Pilot provides bookkeeping, CFO, and tax services for literally thousands of startups and growing businesses. We've successfully processed over 10 million transactions for our customers and have unparalleled expertise when it comes to helping businesses succeed.

We're the largest startup-focused accounting firm in the United States, and we'd love to help you. To talk to an expert on our team and find out what Pilot can do for you, please click "Talk to an Expert" below, or email us at info@pilot.com.

See what Pilot can do for you

Get the peace of mind that comes from partnering with our experienced finance team.

Oops! Something went wrong while submitting the form.