E03¶


Research	R0005 — AI Company Profitability Before 2030
Run	2026-03-17
Query	Q001 — Are any of the major AI companies expected to turn a profit before 2030?
Source	SRC02
Evidence	SRC02-E03
Type	Reported

Anthropic Gross Margin Trajectory

URL: Not captured — experimental run

Extract¶

Anthropic's gross margins have shown rapid improvement: from -94% in 2024 to approximately 50% in 2025, with projections reaching 77% by 2028. This margin trajectory — from deeply negative to software-industry-typical gross margins — is a key indicator of the path from cash-burning lab to sustainable business.

Relevance to Hypotheses¶

Hypothesis	Relationship	Strength
H1	Supports	Moderate
H2	Contradicts	Moderate
H3	Supports	Strong