I know people say it is unprofitable but I wonder if there is a way to verify it is truly is. I will not say any details but I worked for a giant company which was barely making money YoY but somehow the bonuses for heads were bigger and bigger given a proxy metric related to profit.
There are way too many ways companies arrange to pay themselves and never be profitable to avoid taxes.
"Profitable" is the wrong metric, really, it's whether it is sustainable - can development continue indefinitely given the current financial situation?