And here we are again valuing companies in the billions with ZEROOOOOOOOOOOOOOOOOOOOOOOOOOOOO profits.... Stock is up 100% over its IPO price and valued at more than $3 Billion dollars. Like many other tech companies, Splunk has no profits. It has ramped up spending on marketing, hiring and product development in recent years, at the expense of its bottom line. Splunkâs revenue nearly doubled last year to $121 million, but it recorded a loss of $11 million.