Are there any companies out there that are making more than $1M ARR with an extremely low head count and is at least profitable?

Perhaps it's too boring to be profitable and instead do a loss making speedrun. (e.g. raise money from VCs, hype the raise on TechCrunch, burn the money entirely on hiring too much and layoff employees down the line, rinse and repeat) à la Fast, Coinbase, etc.