otherme123 • today at 11:45 AM

It heavily depends on the definition of "profitable". I bet you that "net earnings after everything distributable to shareholders" (i.e. EPS) would be negative for the foreseable future.

But this is a bet we can settle right now: https://www.sec.gov/Archives/edgar/data/2130357/000162828026... , the ammended S-1 with Q3 data (that for some reason they omited from the S-1 that made big news), page 23:

  (units in Kilo-millions)

  Revenue in first 2026 9-months  33.2
  Compute and infra expenses      18.8
  Personel                         4.8
  Sales                            5.5
  Administrative expenses          5.3
  Operating loss                   1.2 (they are still losing money before ITDA)

But lets compare this with S-1 non ammended (https://www.sec.gov/Archives/edgar/data/2130357/000162828026...)

  Revenue in first 2026 6-months  16.3
  Compute and infra expenses       8.9
  Personel                         3.1
  Sales                            3.2
  Administrative expenses          1.7
  Operating loss                   0.7

Hmm, seems that doubling their revenue also doubles their expenses, causing double the operating loss.

First 9 months minus first half:

  Revenue in Q3                   16.9
  Compute and infra expenses       9.9
  Personel                         1.7
  Sales                            2.3
  Administrative expenses          3.6
  Operating loss                  ~0.6 (Remember, this is EBITDA)

You are lucky you didn't bet actual money.