for-profit

adjective

for-prof·​it ˈfȯr-ˈprä-fət 

: established, maintained, or conducted for the purpose of making a profit

for-profit businesses

Examples of for-profit in a Sentence

Recent Examples on the Web

After co-founding OpenAI with Altman as a nonprofit in 2015, Musk has since sued the company and its CEO in an attempt to keep OpenAI from converting to a for-profit corporation. —Josephine Rozzelle, CNBC, 11 Feb. 2025

Driving the news: Musk bid $97.4 billion to buy OpenAI's for-profit assets, while Altman is trying to restructure the company by separating its nonprofit board control from its for-profit business, Axios reported Monday. —Angrej Singh, Axios, 11 Feb. 2025

Could the same be said if only for-profit companies were producing that data? —Christine Wiedinmyer, The Conversation, 11 Feb. 2025

OpenAI is operated by a nonprofit organization that controls an entity called OpenAI LP, a for-profit company that exists within the larger company’s structure. —David Goldman, CNN, 11 Feb. 2025

Word History

First Known Use

1939, in the meaning defined above

Kids Definition

for-profit

adjective

for-prof·​it

ˈfȯr-ˈpräf-ət

: existing or carried on for the purpose of making a profit

for-profit business