AI-native companies make far more per employee

Revenue per employee against company size, both on log scales

SaaS companies at IPOIncumbentsAI native
Revenue per employee against company size Trend lines for each group: SaaS companies at IPO earn roughly $150,000 to $400,000 per employee, incumbents about $750,000, and AI-native companies $4 million to $7 million. At 1,000 employees, the AI-native trend is about 23 times the SaaS trend. Cursor makes about $13 million per employee with about 300 people; Anthropic about $13 million with an estimated 5,000.

Lines are trend fits within each group. AI native: reported annualized revenue, 2025–26. Incumbents: latest annual filings. SaaS: IPO prospectuses. Anthropic doesn't disclose headcount; plotted at the high estimate of 5,000 employees.