It's perfectly fine for companies to not be profitable if they are growing. A better question would be 'unit profitability' - i.e. Uber might be spending billi

It's perfectly fine for companies to not be profitable if they are growing. A better question would be 'unit profitability' - i.e. Uber might be spending billions in new markets, but if they are effectively profitable in established cities - then it's a good sign. The question is really - is there meaningful growth, are the customers real, do they come back for more or are they dropping subs etc.. If they have truly found 'product market fit' then usually it makes sense to spend spend spend to grow and grab market share. If they are blowing money on massive acquisition costs and customers are not hanging around ... then this is a problem