Is DAO profitable?

Could you please elucidate whether a DAO can be profitable? I've heard about the decentralized nature of these organizations and the potential for collective decision-making, but I'm still uncertain about their financial viability. Do DAOs generate revenue? If so, how do they distribute it among their members? Are there any specific examples of profitable DAOs that you could share? Additionally, are there any risks or challenges associated with investing in or participating in a DAO that I should be aware of? Your insights would be greatly appreciated.