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Gross operating expenses (gross opex) refer to the total expenses incurred by a company in its operations before any deductions. In contrast, net operating expenses (net opex) are calculated after subtracting any non-recurring expenses, discounts, or allowances, providing a clearer picture of the ongoing costs associated with regular business activities. Essentially, while gross opex reflects the overall expenditure, net opex offers insight into the expenses that are more relevant for ongoing operational analysis.

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