Mercor H1 Revenue Jumps 70% to $614M
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- Mercor generated $614M in gross revenue in H1 2026, up 70% from all of 2025, according to documents seen by The Information.
- Roughly 91% of Mercor's revenue came from foundation model makers including OpenAI and Anthropic, per the same documents.
Why it matters: Mercor's ~91% revenue concentration in foundation model labs like OpenAI and Anthropic ties its explosive growth to the training-data spending of just a handful of buyers. Three-year-old Mercor has scaled fast on the back of the model-training arms race — a race that a small number of well-funded labs control.
