diff --git a/src/data/selectors.js b/src/data/selectors.js
index 2a6ad2a..805a342 100644
--- a/src/data/selectors.js
+++ b/src/data/selectors.js
@@ -31,13 +31,22 @@ export function winRate(kanbanLeads = []) {
   return { won, lost, decided, rate: decided ? Math.round((won / decided) * 100) : 0 };
 }
 
-// Revenue recognized = Σ client payments received (paymentSchedule status 'paid'); cost = Σ actualCost.
+// Earned (percentage-of-completion) P&L. Revenue and commission are recognized in proportion to
+// work done (completionPercentage); cost is what's actually been incurred. This is the correct
+// basis for in-progress construction: the previous approach compared cash-collected client
+// payments against fully-incurred cost, which made gross profit spuriously negative mid-project.
+// `received` is still exposed for any cash-basis view that wants money actually collected.
 export function revenueSummary(projects = []) {
-  const revenue = sum(projects, (p) =>
-    sum((p.paymentSchedule || []).filter((ps) => ps.status === 'paid'), (ps) => ps.amount));
-  const cost = sum(projects, (p) => Number(p.actualCost ?? p.spent ?? 0));
-  const commissions = sum(projects, (p) => Number(p.commission || 0));
-  return { revenue, cost, grossProfit: revenue - cost, commissions, netProfit: revenue - cost - commissions };
+  let revenue = 0, cost = 0, commissions = 0, received = 0;
+  for (const p of projects) {
+    const pct = Math.min(Math.max(Number(p.completionPercentage || 0) / 100, 0), 1);
+    const budget = Number(p.approvedBudget ?? p.budget ?? 0);
+    revenue += Math.round(pct * budget);
+    cost += Number(p.actualCost ?? p.spent ?? 0);
+    commissions += Math.round(pct * Number(p.commission || 0));
+    received += sum((p.paymentSchedule || []).filter((ps) => ps.status === 'paid'), (ps) => ps.amount);
+  }
+  return { revenue, received, cost, grossProfit: revenue - cost, commissions, netProfit: revenue - cost - commissions };
 }
 
 // Commission grouped by the project's sales rep. resolvePerson(id)->{name} optional, for display.