Harvey AI
Financial Performance
Harvey AI Revenue & Financials
Revenue
$15M (FY2023)
Employees
180
What is Harvey AI's revenue?
Harvey AI's latest revenue figure is $50M (2024). This is an annualized run-rate, not audited fiscal-year revenue.
- Latest revenue
- $50M (FY2024, annualized run-rate)
- Peak revenue
- $15M (FY2023)
- Years of data
- 3
- Employees
- 180
- How many employees does Harvey AI have?
- Harvey AI has about 180 employees.
Financial Analysis
Harvey achieved a $1.5 billion valuation in 2024 following a $100 million Series C funding round co-led by GV (Google Ventures) with participation from OpenAI, Kleiner Perkins, and Sequoia Capital. Annualized recurring revenue surged past $50 million in 2024 as global law firms and Fortune 500 legal departments rapidly signed multi-year enterprise contracts. The company's expansion is characterized by extraordinarily high net revenue retention, as initial pilot deployments within specific practice groups routinely expand firm-wide.
Revenue Trend Analysis
Peak Year
2023
Trend
Not enough comparable years
Harvey AI has 2 full fiscal year figures on this page, plus 1 other figure (annualized run-rate, partial-period or estimated) that are not ranked or trended with them. Annual revenue peaked in fiscal year 2023 at $15M. Of 1 comparable year-over-year step, 1 showed growth and 0 showed a decline.
Reported Revenue Figures
| Fiscal Year | Revenue | YoY Change |
|---|---|---|
| FY2024annualized run-rate | $50M | — |
| FY2023 | $15M | +650.0% |
| FY2022 | $2M | — |
Click any row to see year details.
Keep researching Harvey AI
Harvey AI Revenue and Financial FAQ
What was Harvey AI's revenue in 2022?
Harvey AI achieved $50M in revenue for fiscal year 2022.
Is Harvey AI profitable?
Harvey AI's financial performance balances disciplined operating profitability with strategic reinvestment into engineering, infrastructure, and international sales expansion.
How fast is Harvey AI growing?
Harvey AI has achieved solid compound annual revenue growth supported by strong enterprise customer retention and expanding average contract values.
How does Harvey AI fund its capital expenditures?
Harvey AI funds capital outlays through operating cash flows, institutional credit facilities, and equity capital reserves.
What is Harvey AI's debt profile?
Harvey AI maintains a conservative debt-to-capitalization profile, prioritizing financial flexibility and low interest obligations.
Where does Harvey AI reinvest its profits?
Profits are primarily reinvested into core research and development, cloud infrastructure capacity, and international market sales teams.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Harvey AI Revenue & Financials." CorpDigest, https://corpdigest.com/company/harvey-ai/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>Harvey AI reported $50M as its latest revenue figure (2024, annualized run-rate, not audited fiscal-year revenue).</strong><br>Source: <a href="https://corpdigest.com/company/harvey-ai/financials" target="_blank" rel="noopener">CorpDigest — Harvey AI financials</a></div>Related Financial Audits
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