Harvey earns $2.08 per million tokens, Legora $1.39 but the true cost is $15 per million and it gets worse

Harvey earns $2.08 per million tokens, Legora $1.39 but the true cost is $15 per million and it gets worse 🔥

From the top

Harvey's $300M ARR at 12 trillion tokens a month, so annually 144 trillion = $2.08 per million tokens

Legora's $100M ARR at 6 trillion* a month, so 72 trillion = $1.39 per million

*Legora has half the customers of Harvey, and a third of the revenue

Remember both will be shipping long-horizon task agents so eventually have to switch to usage based pricing 😌

Now the Bill 💸

OpenAI GPT-5.6 Sol, $5 in and $30 out, blends to $15 per million

Anthropic Fable 5, $10 in and $50 out, blends to $26 per million

It gets worse 🥵

Both OpenAI and Anthropic are losing money because they are not charging the true costs. If they did, tokens would be 1.56× more expensive

Not to be profitable today, just to break-even ⚖️

Harvey needs $3.37 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 ARR Legora needs $1.68 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 ARR

Enjoy The Weeknd 🎧 | 30 comments on LinkedIn