Yeah look at the details below. Revenue is up 6% (which is not amazing but still growth). But staff expenses are up 34.2%. And the real big hint is "Cash Flow From Investing" plunging from -83 million $USD to -469. That's massive. They're staffing up and investing in... something.

Jetbrains has been pushing Junie real hard, my guess is that they've been giving out too many cheap tokens to try to stay relevant as Claude and friends pull people away from the IDE.

Apparently, no one commenting knows how to read financial statements. They look at one item and assume the company is going out of business. Meanwhile, their total assets have increased. Cost of services have increased significantly over recent years - mostly commensurate with revenue growth, although the gap has been shrinking. Operating costs have been pretty flat. I don't have time to investigate where they spent the money, but the company is not at risk. They brought in more money than in prior years and spent it on something. That's it.

> They've invested in something big

Wonder what the "something big" could be that companies are throwing money into in 2026.

Or more likely, they're burning cash trying to chase the AI train to no avail while their core product stagnates, which is definitely not a good thing.

RustRover used to be my daily driver.

Now it's Claude Code and ever so occasionally Codex.

I never do work in IDEs by hand anymore. I stopped writing code entirely in February and I will likely never write code again unless my internet dies.

I need a JetBrains-level AST navigator that focuses on high level code navigation and understanding, and moreover on code and architectural review. I need to quickly scan diffs and quickly see architecture at a glance.

Of course even that too many eventually fall away.

I rarely open RustRover these days. I could never have predicted that.

probably ai related

I'm surprised that the word "only" still applies. I have my laments about JB (PyCharm / RR): Mainly centered around performance. Yet it has no competition! Whenever I read about VsCode, or Zed as alternatives, I feel disbelief, as they're not in the same league.

Zed in particular, from the way it was described upon release, sounded like it should have been a JB competitor. Reality: It can't even move functions or structs!

Their revenue is still going up so I don't think that's it.

Only?

Microsoft's stuff is quite good, or you've got a really high bar.

I used to use Claude inside of a terminal within Webstorm until I realized I rarely looked at the code in the IDE. Instead I was creating draft PRs and reviewing the code in github. Now I use claude inside of herdr, and I appreciate having more screen real estate devoted to claude. As a long-time Jetbrains subscriber it pains me to stop using it. But at this point, I'm not sure what they could come up with that would be compelling enough for me to switch back.

>Are you paid to press enter at anything that Claude present to you?

I'm paid to create a product. If Claude does so without me having to look at the code, then that's what I'm being paid to do.

Using a CLI coding agent in your IDE's terminal is a terrible way to view conversation history and works poorly for organizing multiple conversations.

It only fits a hands-on, merely AI-assisted development approach, on one feature at a time, that is not typically productive compared to agentic development.

You might disagree, but you'll find that the proponents of the hands-on approach are losing ground every month as AI gets better at working autonomously.

When you give a ticket to a jr developer, do you look over their shoulder the entire time they write the code? Or do pause to answer questions, give feedback on how to go about a task, and review their results?

I'm paid to produce software that has features and works.

Nobody cares how I get there or how ugly the code is. They care how fast I can do it and how reliable the software is.

I look at code sometimes, in down time, to see what's been done terribly by AI, and to fix it and hopefully fix the process so that things don't get done terribly in that particular way in the future.

What IDEs and harnesses do you use now? I assume you would have had a lot of your classic coding workflows dependant on the jetbrains suite

Right now there's a huge friction with IDEs, that if I have it open while claude is working on something, then any caches it has get stale very quickly, and it churns processing trying to keep up with edits.

Any leverage that claude could benefit from LSPs or language/AST MCPs is undone by that tooling not being able to keep up or stay fresh, so the IDE just "runs hot" for no purpose.

Which means I'm incentivised to close my IDE while claude is working, and now I've got used to not looking at the code.

Like you, I really want a system that works better. I want claude to search and edit through better tooling, it would be faster, more accurate, and should in theory be able to leverage compilers to apply edits better and more accurately.

I don't want claude wasting an awful lot of time grepping for things that a compiler cache can answer, but if that compiler cache can't keep up then it's actively harmful.

I'm sure there must be a better way, there must be a way to have smarter more change-aware cache invalidation, and smarter more cache-aware claude tool use, but so far none has happened.

Long term I'm sure the pairing will emerge, but unfortunately I don't think that's going to come from the IDE vendor side, it'll have to come out of some harness research lab, where Anthropic or a competitor finds a way to reliably leverage this stuff for a speed and accuracy boost.

It's completely bonkers to me that an LLM can almost "natively" read profiler output, but doing so involves vast amounts of text and context ingestion, when there are real tools sitting there that it ignores in preference for either reading vast amounts or iffy python one-shot scripts to parse stuff.

I think this is what JetBrains Air is supposed to be. I haven't had a chance to test it but it seems promising.

https://www.jetbrains.com/air/

Same. I feel like JetBrains has an advantage here, so I'm hoping they're working on something compelling. The traditional IDE setup is quickly dying.

I'm usually working between VSCode and Codex/Claude Code at the same time, but find myself mostly in latter these days.

Sublime was/is still the best, unfortunately had to finally abandon it due to lack of first-class agent support. Hard to find something that emphasizes core text editing first and that doesn't constantly have some new update to apply on start that may break or change something.

Maybe something like delta? This is still pretty new from the folks that make Zed, but looks promising and would address some of the things you mention https://delta.dev/

It feels like JB is trying that, but it hasn't materialized in a way I understand yet; they have a handful of AI tools, and I don't fully understand them at this point, nor how they integrate and what roles they fill. (June, Air, AI asssistant, AI autocomplete)

> most of my work is done on mobile

Can anything serious/complex be done on mobile? I'm genuinely curious. It's seems bizzare in the context of IDE and tooling discussion.

I've been thinking about doing the same, what did you migrate to? I was thinking GitHub actions but the outage yesterday reinforced that it might be a bad idea.

Interesting, what did you migrate to? We've had mixed results in reliability between ADO and Github actions.

The metric itself is in millions, so the value is 16 trillion CZK ~= 738 billion USD

> 6m CZK is 0.7m USD annual revenue.

It's 16,000 * 1 million CZK, so ~730m USD, no?

0.7M USD annual revenue for Jetbrains? That can't be right. Their annual revenue is 400M+ USD from my quick search.

What did your python people move to from pycharm? Every team I've worked on has been about 30% python (70% go) and the python people have always had pycharm installed and ready to go for their python days.

I've always had a personal ultimate sub even though I use vscode 99%. There would be a lot more ultimate subs barely used like mine if they weren't 3-4x the price of the singles. I've never felt justified in asking for ultimates business price for how little I use it, but my teams always have a pycharm license.

I have paid out of pocket for Jetbrains for 15 years. I don’t think I’ve opened it in the past year and should probably cancel my subscription.

For me, the things that made Jebteains great just don’t matter anymore.

What stands out to me is https://www.helgilibrary.com/companies/jetbrains/total-cash-...

I have no idea what that contains, but it appears to be a rather large dip, compared to previous years. Overall it's not really that interesting without context and commentary from JetBrains.

given that their revenue is still increasing, I'm guessing it's the latter

I find IntelliJ IDEA a great tool, even for my fully vibecoded apps. I edit the READMEs in it, look at the version history, use it for debugging, for builds, and so on.

My guess is that people aren't abandoning their IDEs. Their market is probably growing. I suspect they're burning money on subsidized inference, just like everybody else.

Like or not, LLM are getting better a debugging than humans... Not sure for how long will companies will keep paying for IDEs (which, tbf, are peanuts compared to the LLM cost).

Why not both?

If engineers are abandoning IDEs then shouldn't they be following the engineers?

Both

The truth is there is no money to be made from (good) offline software.

The new AI script-kiddies might not be in the target market for purchasing an IDE, so i think their customer base may potentially be shrinking.

Which is a shame really - this is similar to old blacksmithing tools.

They could establish a foothold in AI accelerated development but they sadly aren't doing it, instead focusing on "developing agents" (aka openclaw/pi/codex/claude simulacrum #9998).

like what , manually refactor code in hours, when agent can do it for you in minutes, or setting up debug/dev env when agent can also do that for you?

This would make sense for me, as a long time Jetbrains user and not desiring to use AI for anything apart from single line code completion, which the current Jetbrains tools do quite well.

I have used their support before, to be extremely impressed. This is an area that they could differentiate themselves in.

Why? Revenue still up. Investment.

> regardless of what you think about coding is done, agents and your harness is the best tool.

I guess you're all in on that Anthropic IPO with the "coding is solved" approach.

> why this is a surprise? I have 0 reasons to buy IDE in 2026.

If the first part follows the second, the surprise is that revenue is up while the prevailing opinion appears to be "no-one needs to buy an IDE".