JetBrains reported a net financial loss first time in its tracked history

All the death knell comments - Is no one looking at the revenue line? Revenue still trending the same. Costs presumably haven't skyrocketed. They've invested in something big. Thats probably a good thing, and often needed to evolve.

A bit tongue-in-cheek but I'm amazed by people that don't open an IDE or look at code. Are you paid to press enter at anything that Claude present to you?

Personally I usually use Claude inside the Jetbrain's IDE terminal, even if I code by hand obviously less. I still like using the diff, navigation, quick access to any file path for my prompt etc but maybe that won't last.

(edit: although I currently use an old perpetual fallback license because I didn't like the last price increase especially as they slowly remove what I like in the UI)

Been a JetBrains customer for over a decade, that used to use several of their IDEs, but don't expect to renew again. IMO they completely dropped the ball on AI integration, everything they forced into the IDE seem to be an annoyance.

Turns out I can easily get by on VS Code / Claude / ChatGPT / Antigravity. DataGrip is going to be hard to replace, but don't need anything more than the current version, hopefully they'll let me keep using it.

Wow, this really sucks. With all the money flocking to companies that trained LLMs on stolen data, we may lose the only set of IDEs that offer high quality professional development tools

It's purely management fault, it happened around 2022-2023. They had all the chances to become a great agentic IDE/harness at some point, if they would start in time, support plugin developers, allocate a proper team instead of 2 people and some semi-random internships. A lot of users were questioning this publicly and privately with them, we all knew how it will end this way. JetBrains lost, no one wants their Junie in 2026 (and didn't want in 2024-2025, whatever was the name of the integration at that time, it was awful). I was on Ultimate Plan since 2012, appx. I quit entirely in 2024. They asked to answer a few surveys over the last few years - even the questions there were far from reality. RIP, JetBrains, it's mostly unrecoverable at this point.

I still haven’t found an IDE that I feel really helps me develop with AI better than the command line. I have built bespoke tools that work the way I want. But a really good integrated solution would blow my current workflow out of the water. No one seems to have built an IDE with deep support for worktrees, parallel session, walking me thru diffs, and optionally handing control back to me to write the occasional hand-written code myself. Plus most of my work is done on mobile, so Jetbrains has an amazing opportunity…but they seem to be chasing the competition instead of focusing on their moat.

I don't think this is related to AI. Pre-AI I thought for many years that they have spread themselves too wide and thin. A new IDE pretty much every six months. Unsustainable whilst ignoring their existing customers and products. I think it's inevitable that they've ended up here.

I think they've started to realise that and are trying to reign it in with 'Fleet' and 'Code With Me' deprecations.

Jetbrains dropped the ball hard with Junie and their typescript performance bugs. I left cause of the latter and the former could never compete with the rest of the ecosystem.

Between VSCode and AI, all the engineers I work with have stopped using JetBrains products.

I don't think the problem is AI itself; they can have AI too, AI as capable as something like Cursor, for example. The issue is that their product is bloated and slow, and much of the technological leadership they once had has been overtaken by VSCode.

So a stable company like JetBrains, which sells developer tools and has extensive experience in compilers, ended up with a net financial loss. Meanwhile, Cursor—a startup only a few years old, founded by students, built on a VS Code fork, and primarily powered by OpenAI's API—was valued at $60 billion.

Hopefully this is a wake-up call for them to drop the AI hype-chasing and refocus on making the best IDEs for us dinosaurs who, for whatever crazy reason, still code by hand and appreciate solid (deterministic) tools to help us out.

On a very related note, I'm probably very late to this discussion, but has anyone else noticed autocomplete in JetBrains products has gotten significantly worse after the advent of LLMs? It would previously take into account type signatures and all kinds of context, now it's clearly just a very minimal next token generator, often producing code that doesn't even compile.

This tracks with what I've observed, as a fan-and-sometimes-user. They look to be funding a skunk works - which started with their version of Cursor (Jules or something), which wasn't great.

They are working on a cli agent; I tried it, but it silently injected hooks into all my other cli agents to re-target JB inference APIs, which caused me to burn through my JB tokens in like two minutes and b0rked all my running agent sessions.

They are working on a spec-driven thing, which I attempted to try but getting burned by the cli thing I abandoned it. It looks really interesting - it's a meta-harness, built and shipped with one of the Spec-Something frameworks, where you define your own specs for your projects, kinda like snake-eating-it-own-tail-of-specs. If spec-driven is The Future, they are at least trying.

There have been a few other things I can't recall, but my observation is that they are taking generative AI seriously as an existential threat, and probably (as another poster here put it) "heating the office burning tokens".

IMO there’s a ton of room for innovation in the IDE space.

It looks like software dev is going the way of natural language as the final spec that humans see. Regardless of whether this is a good idea or not, it’s happening. My boss asked us not to write any code manually starting in Jan, and now has hinted that we should stop reviewing code too.

Natural language as spec obviously has a ton of limitations. And here an opinionated IDE that can define this sort of workflow better is primed to gain a lot of market share, devs clearly aren’t fussed about switching between IDEs right now.

I should be able to, for example, click on a plantuml diagram and see what the endpoint definitions are, See where the request schemas are.

If I have Agents.md files scattered across my codebase I would like my IDE to help me manage them

I cancelled my JetBrains subscription a year ago when they announced price increases.

The quality of their software has been falling despite all recurring revenue. I used JetBrains for almost a decade because it just worked. JetBrains Toolbox is some of the worst software I've used, it causes more problems that it solves for me.

Needing to install a different IDE per language is also something I dislike about JetBrains, but not a deal breaker.

That’s interesting, as we have just completed a huge migration of our CI/CD infrastructure off Teamcity, for plenty of reasons but “we’re paying a shit ton of money for this and it’s a pain in the ass” was a major one.

They seem to be very bloated and unable to modernize their product lines.

It is a private firm. Are they publishing their revenue and costs?

Long time JB user here, and I mean long time. The past year I have been using claude in the JB terminal but nothing, and I mean nothing new has come of it in that year. Stuck in a tiny terminal window, opening files every so often. A couple months ago I switched back to iTerm2, full screen and use sublime to open the odd file every so often. So this makes 100% sense. They need to do a better job integrating with agents and not pushing their own.

Revenue is up. Looks like they took on a lot of debt. What did they spend it on?

I still love my IDEA & Rider, but a lot of my attention has moved to VSCode with Claude Code plugin. The Claude plugin/tooling for these IDE's is abysmal in comparison (talking strictly about the Claude Code experience here - not the bundlende AI Assistant.

I am not moving away from JetBrains anytime soon, but it does gets harder to justify when I spend considerable time in a competing offering that has better experience and is free...

JetBrains is a privately held s.r.o. (LLC equivalent in the Czech Republic), I wonder where have Helgi Library gather so much detailed financial data from about them?

Jetbrains lost our entire (small) team a few years back when they completely neglected (no, to minimal progress for years) their typehint support in PyCharm. I think they now finally have caught up somewhat judging from the updated on all the issues in youtrack I'm still subscribed to.

Engineers abandoning IDEs or did they burn a ton of cash on AI?

Around a year ago, the org I was working for ditched jetbrains (including teamcity) due to alleged Russian links of some of the founders/owners of jetbrains.

Never looked into it further, but might be a factor...

They keep trying to bite into AI but they should focus on making their tools more stable and should have invested more into Kotlin Native, could of had a fully native IDE and tooling by now and purged reliance on the JVM.

They could have bought out Cursor early on too.

Keep rounding UI and adding more AI, and finances will keep going down.

I don't think they can compete with AI IDEs. They should maybe focus on the niche that they are good at, and completely get rid of anything ML/AI related. It's going to be a lot cheaper.

It's better to be the king of a niche.

Its pretty sad because JetBrains products are great ive been using them for a while and its even free for students. VSC is great but i feel like JB products are more refined since I code in Go and Python.

If you open a terminal in their IDEs, top right button, Claude Code, enable MCP. For me, it's the best mix of the two worlds.

What caused "Net Financing Costs" to skyrocket? Here is a historical view: https://www.helgilibrary.com/companies/jetbrains/net-financi...

They have't really given us something for the new era and they are positioned to be ahead of everyone

I’m trying to contextualize this information. JetBrains isn’t publicly traded best as I can tell, and these numbers come from other public filings:

> Figures are the company's own (unconsolidated) statutory statements filed with the Czech business register…

Are these as reliable as the U.S. 10K or its European equivalent?

I assume that a company like JetBrains would be investing in shifting products around A.I., so it doesn’t seem too surprising that they don’t report a profit for 2025.

That is an interesting piece of reporting.

First, revenue is growing, assets - too. I believe company does some money burning to compete. According to the prev years nett income, they should have collected a reasonable amount of money so a little money burn doesn't harm.

Second, the Gross Profit is only 72.1m whereas the Revenue is 675m. That means, 600m is somewhere in the COGS. Not sure how to read this.

Impressive European business with ~750m USD in revenues and global footprint. Hope they innovate themselves into profitability again

The real surprise is how small their balance sheet is given they're such a well known and loved name. 16m CZK is 0.7m USD annual revenue.

There are companies where you'd rather be the owner, and others where you'd rather be an employee, or a customer. I think the JetBrain's customers are the real winners in this one.

I would love if the Jetbrains IDE's got really good agent integration, all their code analysis could have amazing synergy with LLM's, Unfortunatly for now I disabled all AI features as it was slowing my IDE (JetBrains) to a crawl.

It isn't as much the price of a license as much as the time it takes to get approval for newer engineers and contractors. You can just say, "we use vs code with these extensions and wsl2" and the discussion is over.

I don't have plans to stop using Jetbrains any time soon but I can't deny my satisfaction in their products has been declining for a couple of years. Still, nothing else is as good. I wish they'd spent a cycle or two on performance and bugs.

I loved IntelliJ for Java, but I cancelled as I have been AI-pilled to never need to write code again.

Unfortunate because they make great products, but also expected given AI. A bit like Nokia, they're a great company that didn't do anything particularly wrong but they got swept by a superior technology.

This along with stack overflow seems to be the end of an era. Stack overflow had my back and JetBrains was like a super magical tool that I could tackle code bases with.

This is interesting to me because I only started using JetBrains IntelliJ IDEA specifically to do AI coding.

It was the first time I'd used an IDE, the first time I'd built a cross platform app, first time I'd used Kotlin, and the first time I'd tried AI coding.

The journey started with choosing KMP as the stack, then I figured "here's the company that released KMP, they have an IDE, they have AI, I'll use that".

It was really useful, and convinced me that AI coding was the future. I didn't know Kotlin (I still don't) and I don't look at any of the code. I do look at diffs sometimes (less and less). My main "review" is "reviewing test failures", which is a workflow I developed over the past year.

It was about 4 months into using it that I figured out that the IDE was really doing nothing.

I rewrote their worktree functionality as a couple of bash scripts. The build and test functionality was all gradle on the command line anyway. I was just using it as a chat interface and a markdown reader.

So I set up tmux and used Junie CLI (I liked Junie as an agent), Kimi Code and Pi Coding agent simultaneously on different projects. Junie CLI was pretty good, but it had too many instructions and when I started getting particular about my workflows, compliance was too difficult.

Kimi Code and Pi kept winning, eventually I stopped using Junie altogether. The name of the game was doing things in parallel and in the background. Editing the code had nothing to do with it.

The thing I missed was how JetBrains AI credits worked. I loved switching between models, and didn't want to tell everyone on the team to have their own accounts. I looked around and saw some LLM gateways and stuff like OpenRouter, but then they are all still charging extra, so I just wrote my own LLM gateway and connected it to Pi.

But then I was like "what is Pi really doing here?". I wanted a thing I could use from my phone, and using tmux over Termius is pretty weak, so I was like "Oh maybe I can have a mobile app that uses Pi as an API or something" but then I kept hearing the creator of Pi talk about how simple the coding loop was so I just wrote the coding loop into my LLM gateway and then created clients for it for iOS, android, macOS, windows and web, all using Kotlin Multiplatform.

Now I've got my dream coding agent: I create work trees at the touch of a button from my phone, I discuss with the agent using the "reply mode" interleaved reply feature, I have a flexible bash script based workflow engine, a centralised script/skill distribution framework, centralised billing/model gateway, all built into a single dev box that runs everything and can be deployed using one of those fancy curl -> bash pipeline things. I can deploy to dev, staging and production at the touch of a button from my phone. Dev and staging are IP gated behind CloudFlare tunnels, the production deployment goes straight to GCP, using a standardised framework.

My colleagues and I use it to ship real internal and external products and they're not even developers.

I haven't read any code or reviewed any "PRs". I don't even use GitHub or linear!! But man when I go for a walk and sit down on park benches and dictate to my coding agent in my phone, set the workflow running and then keep walking it feels like a super power!

And this was more or less 1 year from starting my first project using IntelliJ IDEA + Junie + OpenAI GPT 5 and winding up using a mix of models on my own platform that I share with my colleagues.

I don't understand how an IDE development company or, really, any "coding agent development" company can maintain a competitive edge in the face of that kind of pressure.

EDIT: I did find their Air product very intriguing but they didn't get it released quickly enough and it didn't solve the problem of having things running in the background easily enough. Also their worktree setup and teardown functionality was a bit of a drag. I built my own platform and started using it to build itself quicker than they got Air to the stage where I would want to use it. They STILL haven't released their mobile client.

An IDE connects a human coder to the development process. If the role of that coder changes in that process, the IDE connection is not going to be as heavy as it used to be.

They probably have very good financial cushions. One year of losses is nothing to a company like that.

I thought JetBrains is a private/bootstrapped company.

Where are these financials coming from?

Either a whole lot of money is about to be sucked out of markets or money is about to massively devalue. This is the bill coming due for the zero interest rate years, seen from one company's vantage point.

LLM spending. Playing catchup

Software is changing. It would be a good time to invest rather than to focus on the bottom line. Their revenue is up.

I’m not surprised.

They only need to have some hundreds of billions of loss extra, and they might be the next big thing!

I am a long time JetBrains subscriber to the all products pack. Their response to recent AI events has been extremely lackluster and I've given them this feedback directly, in feedback and otherwise.

I doubt I will remain a subscriber for the entirety of next year.

Let's look at their AI product, it suuuuucks. They released it, and it literally did not function. I purchased it, and it kept giving me licensing errors. Contacted support and they couldn't tell me anything. Okay, cool, cancel it and refund me. This is useless.

That was a while ago. Today, it still sucks. AI Chat is a bolted-on afterthought that looks like a hackathon project and functions like one. Isn't deeply embedded in the editors. Clunky. Slow. Ugly to look at. Doesn't integrate nicely with all the tools. No native AI plugins, you're forced into their garbage.

What are they DOING?!?

So VSCode is actually having an impact, most likely.