The rise of AI agents as software purchasers presents a new revenue risk that traditional financial reporting fails to capture, leaving public market investors vulnerable to volatility.

• Revenue growth from AI agents lacks the durability of human customer relationships and can disappear with model updates.
• The article proposes agent penetration rate as a better metric than traditional customer acquisition cost and lifetime value.
• Companies should disclose revenue segmentation by human-driven, agent-driven, and hybrid transactions to provide investors with essential information and mitigate concentration risk.