The Sochi 2014 committee's supervisory board reported Thursday that operating profit -- including cash and transferable property -- totaled about nine billion rubles.
That's more than $261 million.
"The Games in Sochi will continue to set records, even after their completion," Dmitry Chernyshenko, the committee's president, said in a statement. "Financial indicators show that these were the most successful Games compared to previous editions, and all earnings will be directed to the development of sport in Russia."
No details were given about the reported revenues. Government officials had previously called the $51-billion cost estimate greatly exaggerated.
On Thursday, officials also said research from various sources shows the Olympics exceeded the expectations of 94% of Russians and that an estimated 75% of the population believe "the main legacy of the Sochi Games will benefit Russia for many years to come."