Alphabet
GOOGLQ1 2026(GOOGL Q4 FY2025)Stated6.2% AI
AI Revenue %
6.2%
AI Fair Value
$202.0B
AI Revenue (Q)
$6.3B
Total Revenue (Q)
$102.3B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
Google Cloud revenue for Q4 2025 = Full Year $58,705M minus 9-month $41,041M = $17,664M. Q4 represents significant sequential acceleration ($17,664M vs $15,157M in Q3, +16.5% QoQ). The 10-K MD&A explicitly calls out 'enterprise AI solutions on our Google Cloud Platform' and notes that AI-level R&D expenses are now broken out as 'Alphabet-level activities' at $16,760M for the year. Revenue backlog surged to $242.8B (from $157.7B in Q3), an extraordinary $85B increase in one quarter, driven primarily by Google Cloud AI contracts. Estimating ~40% of Google Cloud as Ring 1 Core AI: $17,664M x 0.40 = $7,066M, rounded to $7,070M. The 40% AI share reflects the accelerating trend throughout 2025 as Gemini Enterprise and Vertex AI matured. Total revenue for Q4 = $402,836M - $289,007M = $113,829M. Math: $7,070M / $113,829M = 6.2%.
Analyzed by claude-opus-4-6
Quoted Figures
Google Cloud $58,705 [million, Year Ended December 31, 2025]; derived Q4 = $58,705M - $41,041M = $17,664M
Q4 FY2025 10-K Note 2 Disaggregated Revenues
As we continue to incorporate AI into our products and services, such as with AI Overviews and AI Mode in Search, and with enterprise AI solutions on our Google Cloud Platform, we may monetize differently than our historical consumer and enterprise offerings
Q4 FY2025 10-K Item 7 MD&A Trends section
Alphabet-level activities primarily reflect expenses related to our shared AI research and development [-$16,760M operating loss for 2025]
Q4 FY2025 10-K Item 1 Business segment operating income
As of December 31, 2025, we had $242.8 billion of remaining performance obligations (revenue backlog), primarily related to Google Cloud
Q4 FY2025 10-K Note 2 Revenue Backlog
Confidence Tier
StatedAI figures cited by management on earnings calls