The company is run efficiently. During COVID roughly all tech startups lost their way on spending. Capital was flowing freely and teams often rapidly and dramatically over hired, boosted expenses on things non-crucial for the business, and spent wastefully. The most capital efficient businesses tend to be frugal and have a low cost approach to the world. Salaries are lower to help make equity more valuable. The founders and employees of these businesses treat the dollar spent by the business as their own money (which it is, as they are shareholders in the business). They realize that profitability gives them infinite runway and enormous freedom on decision making and future path optionality.