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Discover LudwigThe phrase "breaking even" is correct and usable in written English.
It is used to refer to a situation in which someone neither gains nor losses money or something else of value. For example, "After all expenses were paid, the company was just breaking even."
Dictionary
breaking even
verb
Present participle of break even
Exact(58)
"We're just breaking even".
"We're barely breaking even".
The store is close to breaking even.
The radio station is just breaking even.
"We were barely breaking even at 27p.
He has a dread of breaking even.
Then they started breaking even.
This week, we're breaking even.
Only Nassau Bar seems to be breaking even.
"We're pretty much breaking even," he said.
"There's no point breaking even at home".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com