To minimize their tax liability they will divert profts from operations into other expenditure for the future of the company. The pressure to have profits and declare dividends to shareholders may have the opposite effect.

Net Income is taxed. That's kinda dead money. It's usually better to take the dead money and invest it into your capital or operational needs that help you carve out additional market share (increasing the customer base).

About 80% of stocks I look at have no net income or cash flow. For example stocks that have gone up 100% or more such ALNY, NPSP, all the solars, VISM, ARWR, the list goes on and on. Its from expectations for future revenues, but how far in the future do companies like these actually start to make money? Is it because most companies keep putting money into their own company to continue growth such as R&D?

I thought the ideal growth stock would have QoverQ/annual revenue growth, increasing ROE, cutting expenses, increasing profit margins, a reasonable P/E, EPS, but it seems to be the exact opposite. Maybe im just analyzing financial statements the wrong way.