Revenue alone is not enough as we saw in the dot com crash. Scalable, profitable growth is required.
Additionally, the Anthropic S-1 does indeed show scalable profitable growth. This is perhaps the most shocking thing in the S-1, to me.
A better way to phrase your thinking might be that revenue is an indicator of demand.
The issue here is that they've not really tested what happens to demand when the prices moves to where it needs to be to cover the cost of keeping the lights on.
>People should really look at cash flow statements instead of just earnings. Anthropic published one and their cash flow was positive for the first half of this year.