Unverified figures put Baseten's gross margin at 17% in its most recent quarter

A user says they could not verify Rednote figures claiming Baseten's gross margin was 17% in its most recent quarter and its full-year guide fell from 30% to 20%. The claim attributes the pressure to demand outstripping contracted capacity, forcing Baseten to buy expensive short-term compute. It also says Cursor's share of Baseten's annualized revenue went from 57% in April to 28% in September, with roughly 4% gross margin on that business. The user notes that Baseten does not disclose its margins.