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Harvey's Margin Went to -50%. Cheaper Tokens Didn't Fix It — Better Data Did.

Harvey, the legal AI startup, spent the first half of 2026 watching its gross margin do something no SaaS board wants to see: it went from roughly +50% to roughly -50% . Revenue nearly doubled, from about $190M to over $400M in annualized terms. That should have been a victory lap. Instead, every n…

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  1. 2026-09-22 02:11 · DEV Community — Machine Learning
    Harvey's Margin Went to -50%. Cheaper Tokens Didn't Fix It — Better Data Did.

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