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Probably. We don't know yet AFAIK and they still had to sell rather a lot of kit as of last autumn to even make any money.
But I think the days of them pissing money up the wall to build the brand are gone I'm afraid. RCC is a case in point, they can talk about community all they like but it's gone from being a good value coffee subscription to paying for the privilege of being allowed to buy the latest kit.
I don't know what makes you think that but Rapha have been making huge losses and as far as I know still haven't made a single penny of profit.
No longer posting our roundels is part of much wider programme of cost cutting. This was the situation in October of last year, before a global pandemic came along which I'm sure has affected them in various ways too:
https://www.cyclingweekly.com/news/racing/rapha-roll-back-discounting-try-halt-losses-441389