Business & Profit

Full P&L breakdown, cost composition, and margin trend — .

GMV

Total Cost

COGS + Ads + Platform Fee

Gross Profit

Gross Margin %

No target set

How does GMV break down into cost and profit, line by line?

Monthly P&L — —, no Affiliate Fee (this business runs no affiliate program)

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Where is the cost structure shifting?

Cost composition by month — —

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Are we improving profitability over time?

Gross margin % by month, vs. target if set

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What's eating into our gross profit the most?

GMV to gross profit waterfall — —

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