[sophacles]

The amount of profit isn't always the most important number anyway. A lot of companies choose to not be profitable while they can spend their bank account growing their business (Cloudflare is one, and Backblaze may be another but I have no idea about their finances, historically Amazon and Salesforce both did this too).

If qoq and yoy revenue keeps going up, and cost of revenue stays the same or decreases (as a percentage) in the same time period, it makes sense to spend the bank account on growth. If the growth stops, that's when you start cutting expenses like R&D and operations to get the profit. Reasoning being: getting x% of a bigger revenue is better than getting x% of a smaller revenue.