Projections to be fake profitable (while excluding stock based compensation as an expense), sure. Give me GAAP statements on an actual normal quarter (Q2 April-June, Q3 July-September), not predictions about a weird made up quarter (“June quarter” aka June-August) that hasn’t even started yet, especially not one where they’re renting 200MW of compute at a temporary discount for 2 months.
Even the leak is careful to explain that they don’t expect to be profitable the rest of 2026, probably because they’ll actually have to pay for all the compute they’re using.
Projections to be fake profitable (while excluding stock based compensation as an expense), sure. Give me GAAP statements on an actual normal quarter (Q2 April-June, Q3 July-September), not predictions about a weird made up quarter (“June quarter” aka June-August) that hasn’t even started yet, especially not one where they’re renting 200MW of compute at a temporary discount for 2 months.
Even the leak is careful to explain that they don’t expect to be profitable the rest of 2026, probably because they’ll actually have to pay for all the compute they’re using.