Paid adoption rises in Ramp’s customer base
Ramp’s card and bill-payment data from more than 45,000 US businesses showed paid AI adoption increasing from 5% in January 2023 to 43.8% in September 2025. The report contrasted that with a much lower government estimate. Different samples and definitions produce different adoption rates, so the Ramp result should not be treated as a census of all US businesses.
AI-first companies grow faster in the observed cohort
Standard Metrics data showed upper-quartile AI companies growing quarterly revenue about 1.5 times as fast as all-sector peers in the latest quarter reported. The analysis covered 315 companies with $1M-$20M of annualized revenue and 86 above $20M. That was evidence about observed growth in those cohorts, not proof that adopting AI caused any company to grow faster.
Revenue growth and profitability are different questions
A selected cohort of 16 AI-first companies had reached $18.5B in annualized revenue by August 2025. At the same time, coding products faced substantial model and inference costs. The report separated strong demand from the harder question of which layer of the stack would retain attractive margins. Annualized revenue was a run-rate measure, not a completed year of recognized revenue.
