You're just parroting a headline. They did not actually make a profit in Q2 when you take all of their expenses into account.
You’re just parroting another headline. Adjusted operating profitability is still a milestone.
Tech companies are capital intensive. AI ones especially. Not a surprise that they don’t have GAAP profitability after 5 years.
If they, through standard accounting practices, cannot show they are profitable how do we know they are profitable? I assume they can't just say "we are profitable assuming you ignore the costs we paid to build up XYZ". I'm guessing they could pre - rent compute for 10 years or something and maybe that's all on the balance sheet but you'd just amortize that and I think that falls under GAAP?