Leaked P&L shows revenue ramp to $16.3B in H1 2026 against $80.7B net loss
firstadopter · x · 2026-10-26
firstadopter shared consolidated statements of operations data showing a steep revenue ramp: $41M (2023) → $386M (2024) → $4.585B (2025), and $16.286B in just H1 2026. Opex ballooned in step, with compute/infrastructure at $8.945B, personnel $3.152B, and sales/marketing/partnerships $3.168B for H1 2026.
The losses are eye-popping: a $41.965B net loss in 2025 — driven by a $34.3B change in fair value of convertible notes/SAFEs — expanding to $80.748B in H1 2026 ($72.4B from the same item). The figures closely resemble Anthropic's publicly discussed trajectory, though the post doesn't name the company.
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