I disagree because with their subscriptions and people using Opus I doubt the ma...

bronlund · 2026-10-29T06:49:22 1793256562

They need to prove there is a demand in order to attract more funding. Funding they are completely depended on.

brookst · 2026-10-29T12:28:58 1793276938

Do you really think there’s not enough organic demand so they have to fake it?

I run three 20x max accounts to 100% every week. I could easily use more if I could afford it.

And obviously they wouldn’t IPO if they didn’t need to raise cash, but have you read the S1?

weird-eye-issue · 2026-10-30T00:28:59 1793320139

No, surely some feature which is already just using cached input tokens is the secret to their next funding round

queenkjuul · 2026-10-29T06:55:25 1793256925

Enterprises pay API rates though and they account for the vast majority of revenue

weird-eye-issue · 2026-10-29T07:03:51 1793257431

The vast majority of revenue from Claude Code or from their integrating the API in their own apps?

krzyk · 2026-10-29T07:45:22 1793259922

All the programmers that work in companies with > 150 employees are forced into API pricing.

You could decide where most work.

weird-eye-issue · 2026-10-29T08:01:06 1793260866

I would just say don't underestimate how many consumer/one person companies/freelancers have a Claude sub right now. Especially with all the AI hype on social media its a real frenzy. Would definitely be interesting to see a breakdown. My company spends way more on the API we integrate into our own app compared to our Claude Code sub costs so that's why I was trying to make the distinction across different API usage

krzyk · 2026-10-29T08:29:48 1793262588

Our company doesn't integrate API at all. And we have claude code (obviously with API rates).

weird-eye-issue · 2026-10-29T08:53:15 1793263995

Yeah I'd like to see a breakdown because I think there is a huge boom in single person subscriptions that is not sustainable long-term (they will churn high like consumer churn rates, not traditional b2b)

brookst · 2026-10-29T12:30:18 1793277018

They published the numbers. 83% of revenue is API rates, 17% is subscription (individual and small business).

weird-eye-issue · 2026-10-30T02:25:07 1793327107

Lots of end-user API usage is from consumers and small businesses though, like a lot of my business's users

queenkjuul · 2026-10-30T17:20:00 1793380800

25℅ of all their revenue comes from just 5 companies

https://www.forbes.com/sites/fionariley/2026/10/26/top-surpr...

They are entirely living on enterprise API rates

sshine · 2026-10-29T07:35:51 1793259351

API vs. Subscriptions

I don’t know if there’s any openly available statistics on how API costs divide between Claude Code, Claude SDK, raw API, and via OpenRouter.