They seem to be reporting gross margin by excluding the cut that cloud providers take for hosting their models, and excluding R&D.
Basically they seem to be taking credit for the whole amount that customers are paying cloud providers to run Anthropic models, rather than the actual net proceeds of that business to Anthropic.
alt Hacker News
https://finance.yahoo.com/technology/ai/articles/anthropic-p...
They seem to be reporting gross margin by excluding the cut that cloud providers take for hosting their models, and excluding R&D.
Basically they seem to be taking credit for the whole amount that customers are paying cloud providers to run Anthropic models, rather than the actual net proceeds of that business to Anthropic.