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0 pointsonlyrealcuzzo3y ago0 comments

This is just GAAP, right?

If you know what Gross Profit is - negative Gross Profit is a fine concept. Why have a separate line item & term for positive and negative?

0 comments

If you look on their 10-Q/K's, Rivian refers to 'Net Loss' instead of 'Net Income.'

The line items can be changed in that way and it still qualifies for GAAP.

j / k navigate · click thread line to collapse

0 pointsonlyrealcuzzo3y ago0 comments

This is just GAAP, right?

If you know what Gross Profit is - negative Gross Profit is a fine concept. Why have a separate line item & term for positive and negative?

If you look on their 10-Q/K's, Rivian refers to 'Net Loss' instead of 'Net Income.'

The line items can be changed in that way and it still qualifies for GAAP.

j / k navigate · click thread line to collapse