What is Net Revenue?
Definition: Net revenue (aka. Gross Profit) computes what's left on the ‘bottom line’ calculated by subtracting the cost of goods sold from gross revenue.
In Plain English: Net revenue is what's leftover from your total sales after subtracting all expenses associated with the product.
Example: If you sold a pair of shoes for $100, and the shoes cost $40 to produce, the net revenue would be $60.
Why Should You Care?
Net revenue is your gross profit and shows you how much money you have leftover after paying all of your expenses related to getting the product to the customer.