季度收入与计算与基础设施费用 ($M)

$M Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26
Revenue 376 787 1,382 2,040 4,731 11,555
Compute & infrastructure 944 1,390 2,047 2,945 3,387 5,558
Compute as % of revenue 251% 177% 148% 144% 72% 48%

收入每计算美元

Metric 2023 2024 2025 H1'26
Revenue per $1 of compute $0.09 $0.15 $0.63 $1.82
Compute as % of revenue 1,056% 653% 160% 55%

服务利润

Metric 2023 2024 H1'25 H2'25 H1'26
Gross margin 37% –95% 12% 49% 85%
Cost of revenue as % of total compute 6% 30% 44% 35% 27%
R&D as % of revenue 1,029% 589% 159% 131% 60%

按季度计算的总负荷成本每收入美元

% of revenue Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26
Compute & infrastructure 251 177 148 144 72 48
Cash personnel 30 18 13 12 8 5
Stock-based compensation 28 23 22 28 20 11
Sales, marketing & partnerships 6 12 15 12 22 18
Other operating & admin 33 23 17 43* 14 9
Operating margin –249 –152 –224† –139 –35 8
Adjusted operating margin –221 –129 –93 –84 –13 19

^{(*包括541M美元的捐赠匹配费用。†包括15亿美元的Bartz和解。)}