Gloucester chairman Ryan Walkinshaw has announced that the Premiership outfit has recorded a financial profit for the third year in succession.
For the period leading up to June 30, Walkinshaw was happy to report that the Cherry and Whites had increased profit and turnover year on year.
The Aviva Premiership club filed its latest set of accounts this week, revealing a pre tax profit of £305,336 against a turnover of £11.6m.
This strong financial performance has been achieved despite significant investment in the playing side of the business.
"Our strategy has been around investing in the playing department environment to achieve success on the field of play," said Gloucester Rugby CEO Stephen Vaughan.
"As a business, that has meant working extremely hard to ensure we have the income to offset the investments being mad.
"I would like to think we are proving that our model works, although we are in a competitive environment with rival teams working to different financial models to ourselves.
"It's fantastic the way that things are moving forward. Director of Rugby, Nigel Davies and his staff are doing a terrific job and are very focused on where they want to take the team.
"Our squad has an impressive look about it with four players in Stuart Lancaster's Elite Playing Squad, a number of Saxons and Under 20 players and some real talent coming through the ranks from our Academy. We are committed to supporting the playing effort going forward."