← Benchmarks·GLOBAL / FINANCIAL·NO PUBLIC BENCHMARK

Model gross margin

Whether AI revenue actually funds growth - make-or-break for AI-native.

Formula: (AI revenue - inference COGS) / AI revenue
Unit: %
Models: SaaS, Usage-based

Benchmark

As of 2025

All

AI-era analog of compute-heavy gross margin. No public band yet (Warmode territory); early AI-native cos often run well below the 70-85% SaaS norm and burn hard (ICONIQ: sub-$100M AI-native median FCF margin ~-126%). Watch trajectory toward SaaS-like margins.

ICONIQ 2025 (context)

Sourcing: None (scale).

Omega Point BenchmarksGlobal / Financial