Midjourney, Inc.
Financial Performance
Midjourney Revenue & Financials
Revenue
$300M (FY2024, unaudited)
Employees
100
What is Midjourney's revenue?
Midjourney had $300M (unaudited) in revenue for fiscal year 2024.
- Latest revenue
- $300M (FY2024, unaudited)
- Years of data
- 3
- Employees
- 100
- How many employees does Midjourney have?
- Midjourney has about 100 employees.
Financial Analysis
Midjourney is private and does not release revenue, profit or subscriber counts. Holz said in 2022 that the company was already profitable. Third-party trackers estimate revenue of about $50 million in 2022, about $200 million in 2023 and roughly $300 million in 2024; some 2025-2026 analyses cite figures near $500 million, but none of these numbers is audited or confirmed by the company. Midjourney has raised no outside equity, so there is no priced funding round and no official valuation.
Revenue Trend Analysis
Trend
Not enough comparable years
Midjourney, Inc. has 3 full fiscal year figures on this page. There are not enough consecutive, comparable fiscal years to measure a trend.
Annual revenue history
| Fiscal Year | Revenue | YoY Change | Source |
|---|---|---|---|
| FY2024unaudited | $300M | — | Third-party estimate Estimate; Midjourney does not disclose revenue. |
| FY2023unaudited | $200M | — | Third-party estimate Estimate; Midjourney does not disclose revenue. |
| FY2022unaudited | $50M | — | Third-party estimate Estimate; Midjourney does not disclose revenue. |
Click any row to see year details.
Keep researching Midjourney
Midjourney Revenue and Financial FAQ
What is Midjourney's estimated annual revenue and profit run-rate?
Midjourney does not publish revenue. Third-party estimates put it near $200 million in 2023 and about $300 million in 2024; none is audited.
How much outside venture capital equity has Midjourney raised?
Midjourney has raised $0 in outside venture capital equity. Founder David Holz intentionally rejected Silicon Valley VC term sheets to retain 100% corporate independence, avoid board interference, and prevent short-term growth pressure from compromising long-term scientific research.
What is Midjourney's estimated valuation in the private AI market?
Midjourney has no official valuation because it has never sold equity to investors. Any valuation figure is a third-party guess.
How many paying subscribers does Midjourney have?
Midjourney does not disclose subscriber counts. Its Discord server has been reported at roughly 20 million or more members, but registered members are not the same as paying subscribers.
What is Midjourney's primary operational expenditure (OpEx)?
GPU compute for training and serving models is understood to be the largest cost, alongside staff. Midjourney does not publish a cost breakdown.
How does Midjourney's capital efficiency compare to OpenAI and Stability AI?
Unlike OpenAI or Stability AI, which raised large outside rounds, Midjourney has funded itself from subscription revenue. Exact revenue-per-employee figures cannot be confirmed because it does not disclose revenue or headcount.
Does Midjourney have plans for an Initial Public Offering (IPO)?
Founder David Holz has stated that Midjourney has no immediate plans or desire for an IPO or private equity buyout, preferring to operate as a self-sustaining scientific research lab dedicated to advancing human imagination.
What is Midjourney's pricing power during economic downturns?
Because Midjourney is an indispensable workflow tool for millions of freelance artists, game designers, architects, and marketing agencies, saving thousands of dollars in concept art production costs, its low $10 to $30 monthly price point maintains low subscriber churn.
Has Midjourney ever raised institutional venture capital?
No. Midjourney is completely self-funded and bootstrapped by founder David Holz, with zero outside institutional venture capital, zero debt, and no private equity investors on its board. Because it was cash-flow positive almost immediately upon launching paid Discord tiers, Midjourney avoided the dilution and growth-at-all-costs mandates typical of Silicon Valley AI unicorns.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Midjourney Revenue & Financials." CorpDigest, https://corpdigest.com/company/midjourney/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>Midjourney reported $300M as its latest revenue figure (2024, unaudited, not audited fiscal-year revenue).</strong><br>Source: <a href="https://corpdigest.com/company/midjourney/financials" target="_blank" rel="noopener">CorpDigest — Midjourney financials</a></div>Related Financial Audits
Compare revenue, net income, and market cap scale
Explore Midjourney
Core profile pages, founders and related research hubs for this company.