Databricks revenue growth tops 80% to $6.9B annualized, but AI agents squeeze margins

Databricks reported annualized revenue exceeding $6.9 billion, growth of over 80% year-over-year, as enterprises rush to build data infrastructure for AI agents. The company counts more than 10,000 paying customers. At the same time, margins are under pressure as AI agents drive dramatically higher query volumes—some continuously running agents generate hundreds of API calls per second. The data underscores the double-edged nature of the AI agent boom for data platform companies: new workloads drive revenue but also raise compute costs. Databricks is using the momentum to push its dual HTAP announcements (Lakehouse//RT and LTAP) at its Data + AI Summit this week.

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