USA Missing gross profit in financial report

[IteRseco]

I notice that some financial reports miss gross profit or cost of revenue.

This often happens to Software companies. Does this mean the cost of revenue is zero?

I attached a financial report for reference.

The original S1 report is here:
https://www.sec.gov/Archives/edgar/data/1647639/000119312520285895/d867925ds1.htm

Thanks

 

[BIG E]

Cost of Goods Sold section is only shown when there is inventory involved.
If only a service is provided as the main source of revenue, then you wouldn't see it.

 

[IteRseco]

Thanks. So, even if there are some costs to provide the service, cost of revenue will still be zero? The software company mentioned needs to use cloud platform, such as AWS, to provide the service. So, there are definitely some costs directly related to the serviced provided to customers. Moreover, how do I calculate the gross profit in this case here if cost of revenue is zero? Will the gross profit be the same as revenue?

 

[BIG E]

Yes. What you are describing as a "cost to use cloud platform" is an administrative expense in operating a business.

 

[IteRseco]

Thanks. Do you know any materials/books I can read if I want to know more about this topic?