alt Hacker NewsYeah 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.
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That's straight-up incorrect. A massive new investment is by definition expense-neutral.
Negative cash flow from investing means that some prior investment has been shown to be worth far less than they paid for it.
How much? Are they burning tokens to heat the offices?
I've always been a JB fan. But the last few updates have been quite rough, and they really don't seem to have worked out the AI thing at all.
Dying of FOMO.
Just a semi-educated guess....they plowed a bunch of cash into an "AI native" IDE product after getting spooked by Cursor.
I hope they are not investing in tokens. I say this as ex-JetBrainer. I want JetBrains to succeed but what it would in the IDE landscape?
https://junie.jetbrains.com/ probably.
No idea why they thought they can compete with frontier AI labs on that, it's entirely waste of money
They also tried to push AI feature set as a separate subscription which is just insane in current tooling market.
All users wanted is good integration of multi-AI providers in their base offering. I think they are slowly shifting to that but that's a lot of money wasted already
> ...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.
...or they're bailing out of really bad investments before they become even worse ones...
> and investing in... something.
Reads like aimlessly burning whatever they felt they were able to burn without existential risk on some "also ran" LLM sinkhole.
In other words: nothing to see here, same as everybody else.