Subtracting all expenses from revenues yields net profit / net loss.
The financial statement subtracts expenses from revenues to yield a net income or loss over a specified period of time. Also called an Income Statement.
An income statement also called a statement of earnings or a profit and loss statement, summarizes the total revenues earned and the total expenses incurred to generate these revenues over a specified period of time.
The difference between total revenues and total expenses during a given period is referred to as the firm's net income for that period, also commonly referred to as the firm's net earnings or profits.