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Which private companies passed $100M ARR in 2026?
According to Xcout Intel, 85 private companies have reported $100 million or more of ARR, run-rate or annualised revenue for 2026, as of 5 November 2026. The largest reported figures are Anthropic's revenue run-rate of over $65B and OpenAI's annualised revenue of about $50B.
| Company | Reported figure | What it is | Reported |
|---|---|---|---|
| Anthropic | over $65B | Revenue run-rate | 5 September 2026 |
| OpenAI | about $50B | Annualised revenue | 30 September 2026 |
| Databricks | over $7B | Revenue run-rate | 1 September 2026 |
| Kalshi | about $4B | Annualised revenue | 13 August 2026 |
| Ramp | $2B | ARR | 16 October 2026 |
| Mercor | over $2B | Revenue run-rate | 9 July 2026 |
| VAST Data | $2B | ARR | 1 April 2026 |
| Deel | over $1.5B | ARR | 30 June 2026 |
| Rippling | $1B | ARR | 1 May 2026 |
| Modal | over $1B | Annualised revenue | 14 October 2026 |
How we know
Xcout Intel collects revenue claims of $100 million or more from news and company statements, and a person checks each one against its source before it is listed. Listed and acquired companies are left out.
Full figures: Private companies past $100M ARR in 2026. How every report is built: methodology.
What this does not show
- These are company-stated or reported figures, not audited and not verified against accounts. Say "reported", never "earned".
- Never call a run-rate ARR, and do not add or rank ARR against run-rate as if they were one measure.
- Not complete: it is the companies whose 2026 figure we hold and that passed review. The list grows as figures are reviewed, so never call a count final.
How to cite
Xcout Intel, Private companies past $100M ARR in 2026, 5 November 2026, intel.xcout.app/answers/companies-past-100m-arr-2026Quote with attribution under the licence. These figures update with each edition of the report; give the date above when you quote them.