Mercor Reports $2 Billion Gross Annualized Revenue Run Rate

Mercor’s gross annualized revenue run rate topped $2 billion in June, doubling from $1 billion four months earlier. The figure represents a recent billing pace projected over a year, not revenue the company keeps after paying contractors. A report on the milestone said Mercor pays 60% to 70% of its top line to experts, implying about $600 million to $800 million after those payouts, before other costs.