Anduril Industries, Inc.
Financial Performance
Anduril Revenue & Financials
Revenue
$2.2B (FY2025)
Employees
8,000
What is Anduril's revenue?
Anduril had $2.2B in revenue for fiscal year 2025, up 120% from 2024.
- Latest revenue
- $2.2B (FY2025)
- Year-over-year
- +120%
- Growth rate (CAGR)
- 109.8% over 2 years
- Peak revenue
- $2.2B (FY2025)
- Years of data
- 3
- Employees
- 8,000
- How many employees does Anduril have?
- Anduril has about 8,000 employees.
Financial Analysis
Anduril is private and publishes no audited accounts, so its figures come from company statements and reporting. Revenue was reported at about $500 million for 2023, roughly $1 billion for 2024 and $2.2 billion for 2025, with annual contract value of about $1.5 billion at the start of 2025. The company has raised more than $11 billion across eight rounds, including $200 million at a $1.9 billion valuation in July 2020, $1.5 billion at $14 billion in August 2024, $2.5 billion at $30.5 billion in June 2025 and $5 billion at $61 billion in May 2026, the last led by Thrive Capital and Andreessen Horowitz. That capital pays for factories and for research Anduril funds itself, which is why its own balance sheet, rather than a cost-plus contract, carries development risk.
Revenue Trend Analysis
YoY Change
+120%
2-Year CAGR
+109.8%
Peak Year
2025
Trend
Not enough comparable years
Anduril Industries, Inc. has 3 full fiscal year figures on this page, compounding at +109.8% annually over 2 years. The most recent year saw a 120% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $2.2B. Of 2 comparable year-over-year steps, 2 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | YoY Change | Source |
|---|---|---|---|
| FY2025 | $2.2B | +120.0% | Anduril, reported by CNBC Disclosed by Anduril with its May 2026 Series H round; revenue more than doubled from 2024. Net income is not published. |
| FY2024 | $1B | +100.0% | CNBC CNBC reported in February 2025 that 2024 revenue doubled to about 1 billion dollars, with annual contract value of 1.5 billion dollars. |
| FY2023 | $500M | — | The Information, reported by TechCrunch Anduril is private and publishes no results. TechCrunch reported in November 2024 that Anduril told investors 2023 revenue reached about 500 million dollars. |
Click any row to see year details.
Keep researching Anduril
Anduril Revenue and Financial FAQ
What is Anduril's revenue?
Anduril disclosed $2.2 billion of revenue for 2025, after about $1 billion in 2024 and about $500 million in 2023. It is private, so the figures come from company statements rather than audited accounts.
What is Anduril's latest valuation?
A $5 billion Series H announced on 13 May 2026, led by Thrive Capital and Andreessen Horowitz, valued Anduril at $61 billion, double the $30.5 billion set by the June 2025 round led by Founders Fund.
How much venture capital has Anduril raised?
More than $11 billion since 2017 from investors including Founders Fund, Andreessen Horowitz, Thrive Capital, 8VC, General Catalyst, Valor Equity Partners, Sands Capital and Counterpoint Global.
Why does self-funded development matter to Anduril's margins?
Because Anduril pays for research itself instead of billing it as a reimbursable cost, it keeps ownership of Lattice and its airframes and can sell the same product repeatedly, but it also carries the development risk if a program is not bought.
What are Anduril's largest contract awards?
A SOCOM counter-drone contract with a $967.6 million ceiling (2022), the ~$1.1 billion (A$1.7 billion) Ghost Shark program of record (2025), a $159 million Army Soldier Borne Mission Command prototype contract (2025), CCA Increment 1 production contracts (2026) and an Army ordering vehicle with a $20 billion ceiling (2026).
Where does Anduril spend its money?
Engineering across autonomy, computer vision and aerospace, factories and tooling, with about $1 billion committed to Arsenal-1 in Ohio and a 1.18 million square foot campus in Long Beach due in 2027, plus test ranges and compliance.
Is Anduril planning an IPO?
Anduril has stayed private through eight funding rounds and has announced no listing. Reuters reported in July 2026 that it was in talks for a round at about a $100 billion valuation.
How does Anduril fund production before contracts are signed?
It uses equity and credit facilities to buy components and build inventory ahead of orders, which is what lets it deliver finished systems quickly once a customer commits.
What is Anduril's valuation?
Following massive funding rounds led by Founders Fund and others, Anduril rapidly achieved a valuation exceeding $14 billion, making it one of the most valuable private defense startups in history.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Anduril Revenue & Financials." CorpDigest, https://corpdigest.com/company/anduril/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Anduril reported $2.2B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/anduril/financials" target="_blank" rel="noopener">CorpDigest — Anduril financials</a></div>Related Financial Audits
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