in the red
Definition from Wiktionary, the free dictionary
From the standard accounting practice of using red ink to denote negative values, especially a net loss. The first known written use of the phrase is from the "Wise-crack dictionary" (1926) by George H. Maines and Bruce Grant.
- (idiomatic) (accounting) Having net losses; in debt.
- The figures are going to be in the red this year.