Yeah look at the details below. Revenue is up 6% (which is not amazing but still growth). But staff expenses are up 34.2%. And the real big hint is "Cash Flow From Investing" plunging from -83 million $USD to -469. That's massive. They're staffing up and investing in... something.

Jetbrains has been pushing Junie real hard, my guess is that they've been giving out too many cheap tokens to try to stay relevant as Claude and friends pull people away from the IDE.

Apparently, no one commenting knows how to read financial statements. They look at one item and assume the company is going out of business. Meanwhile, their total assets have increased. Cost of services have increased significantly over recent years - mostly commensurate with revenue growth, although the gap has been shrinking. Operating costs have been pretty flat. I don't have time to investigate where they spent the money, but the company is not at risk. They brought in more money than in prior years and spent it on something. That's it.

> Is no one looking at the revenue line? Revenue still trending the same.

Yes. Companies have been looking at nothing but revenue for over 10 years now. You realize that a sustainable company has to look at net profit at some point?

> They've invested in something big

Wonder what the "something big" could be that companies are throwing money into in 2026.

Why are investments considered losses? It always seemed unintuitive to me as a layman. You made the profit and it's free to use however you want... investing it is a loss?

How many customers extended their yearly plan by 2+ years to lock in the old pricing?

If that 'costs' is 'tokens' well it might not possibly bode well as this would not be primaryly R&D

Isn’t it the Junie AI tool? I hope not, but that seems like the most likely possibility.

> Something big

Probably AI spend and increased developer cost (salary + AI subscription cost). And the increase in memory prices means procuring IT assets has sky-rocketed too.

I would assume the margins they operated on, evaporated with the AI bubble.

Many organisms in an adversarial environment spend significant energy in their dying hours trying to survive

Or more likely, they're burning cash trying to chase the AI train to no avail while their core product stagnates, which is definitely not a good thing.

RustRover used to be my daily driver.

Now it's Claude Code and ever so occasionally Codex.

I never do work in IDEs by hand anymore. I stopped writing code entirely in February and I will likely never write code again unless my internet dies.

I need a JetBrains-level AST navigator that focuses on high level code navigation and understanding, and moreover on code and architectural review. I need to quickly scan diffs and quickly see architecture at a glance.

Of course even that too many eventually fall away.

I rarely open RustRover these days. I could never have predicted that.

probably ai related