No film has ever made a ‘profit’, even blockbusters. IRS esoteric rules allow for the effective write-off of all profit. That is why actors now want a share of the gross as opposed to a piece of the profits.
Most of a film’s money goes to renting equipment (from the studio), paying for catering (from the studio), advertising (by the studio) and a thousand other things that make sure the studio turns a huge profit while the film itself loses money. The only way for a film to make money is for it to be a complete low budget surprise like Blair Witch Project where the gross is far above what the accountants planned for and were able to skim.
And yet the studios always announce sequels to films they claimed never turned a profit.