The first two did not become profitable until they hit the home market, hence why there have not been any new movies.
Star Trek-
Budget-$150M + marketing of $100M
Final Box Office-$385M
Star Trek Into Darkness
Budget-$190M + marketing of $100M
Final Box Office-$467M
The 3rd one lost a lot of money.
It cost $185M + about $100M in marketing, it needed to make about $600M to break even, Box Office was $343M Worldwide.
In those days, there were discs sales and VOD (PPV) to help make a movie profitable.
In today’s world, both disc sales and VOD buys barely exist, everyone waits for a movie to be on Paramount+, MAX, etc.