Re:I'm Not Convinced the AI Bubble Exists
by otherme123 on Monday November 09, 2026 @06:45AM
(#50424274)
It heavily depends on the definition of "profitable". I bet you that "net earnings after everything distributable to shareholders" (i.e. EPS) would be negative for the foreseable future.
(units in Kilo-millions)
Revenue in first 2026 9-months 33.2
Compute and infra expenses 18.8
Personel 4.8
Sales 5.5
Administrative expenses 5.3
Operating loss 1.2 (they are still losing money before ITDA)
But this is a bet we can settle right now: https://www.sec.gov/Archives/edgar/data/2130357/000162828026... , the ammended S-1 with Q3 data (that for some reason they omited from the S-1 that made big news), page 23:
But lets compare this with S-1 non ammended (https://www.sec.gov/Archives/edgar/data/2130357/000162828026...) Hmm, seems that doubling their revenue also doubles their expenses, causing double the operating loss.First 9 months minus first half:
You are lucky you didn't bet actual money.