Mistral AI SAS
Financial Performance
Mistral AI Revenue & Financials
Revenue
$400M (FY2026, annualized run-rate)
Employees
1,000
What is Mistral AI's revenue?
Mistral AI's latest revenue figure is $400M (2026). This is an annualized run-rate, not audited fiscal-year revenue.
- Latest revenue
- $400M (FY2026, annualized run-rate)
- Years of data
- 3
- Employees
- 1,000
- How many employees does Mistral AI have?
- Mistral AI has about 1,000 employees.
Financial Analysis
Mistral is private and does not publish audited accounts. Reported figures: ARR of about $339 million (€300 million) in September 2025 (CNBC) and more than $400 million in January 2026, up from about $20 million a year earlier (CNBC Disruptor 50). CEO Arthur Mensch said in 2026 he expected ARR to exceed $1 billion by year-end. Funding history: ~$119 million (€105 million) seed (June 2023), ~$435 million (€385 million) Series A (December 2023), ~$678 million (€600 million) Series B at ~$6.55 billion (€5.8 billion) (June 2024), ~$1.92 billion (€1.7 billion) Series C led by ASML at ~$13.2 billion (€11.7 billion) (September 2025), $830 million of debt for data centres (March 2026) and a ~$3.39 billion (€3 billion) round led by Samsung at more than $23.7 billion (€21 billion) (September 2026). Mistral AI is Europe's premier artificial intelligence startup, rapidly achieving a private market valuation of roughly $6 billion backed by massive investments from Microsoft and a16z.
Revenue Trend Analysis
Trend
Not enough comparable years
Mistral AI SAS has no full fiscal year of revenue on this page, plus 3 other figures (annualized run-rate, partial-period or estimated) that are not ranked or trended with them. There are not enough consecutive, comparable fiscal years to measure a trend.
Reported Revenue Figures
| Fiscal Year | Revenue | YoY Change | Source |
|---|---|---|---|
| FY2026annualized run-rate | $400M | — | Sacra / CNBC Disruptor 50 Annual recurring revenue of more than USD 400 million in January 2026; not audited. |
| FY2025annualized run-rate | ~$339M | — | CNBC Annual recurring revenue of ~$339 million (300 million euros) as of September 2025. |
| FY2024annualized run-rate | $16M | — | Sacra estimate Estimated annual recurring revenue at the end of 2024; not audited. |
Click any row to see year details.
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Mistral AI Revenue and Financial FAQ
What is Mistral AI's valuation?
More than €21 billion (about $24 billion) post-money after the ~$3.39 billion (€3 billion) round led by Samsung on September 8, 2026.
What is Mistral AI's revenue?
Reported ARR was about $339 million (€300 million) in September 2025 and more than $400 million in January 2026. Mistral targets more than $1 billion ARR by end-2026.
How much funding has Mistral AI raised?
Equity rounds: ~$119 million (€105 million) seed (2023), ~$435 million (€385 million) Series A (2023), ~$678 million (€600 million) Series B (2024), ~$1.92 billion (€1.7 billion) Series C (2025) and ~$3.39 billion (€3 billion) (2026), plus $830 million of debt in March 2026.
Who led Mistral's Series C?
ASML led the September 2025 round with ~$1.47 billion (€1.3 billion), taking about 11% at a ~$13.2 billion (€11.7 billion) valuation.
What will Mistral do with the 2026 funding?
Arthur Mensch said it will fund its own data centres, compute rental and training of bigger and faster models.
How much capital has Mistral AI raised and what is its valuation?
Mistral AI raised over €1 billion across its early financing rounds. Following its €105 million seed round in mid-2023 and a €385 million Series A in late 2023, it raised a €600 million Series B in June 2024 led by General Catalyst, valuing the company at €5.8 billion ($6.2B). In late 2025/2026, private secondary transactions and strategic funding pushed valuation benchmarks past €20 billion.
How does Mistral achieve high compute efficiency?
Mistral pioneers Sparse Mixture of Experts (SMoE) architectures, where only a fraction of total model parameters are activated for any given inference token (e.g., Mixtral 8x7B activates only ~13B parameters out of 47B total). This allows Mistral to deliver near-frontier intelligence at a fraction of the GPU memory and latency required by dense models like GPT-4, dramatically lowering training and serving costs.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Mistral AI Revenue & Financials." CorpDigest, https://corpdigest.com/company/mistral/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>Mistral AI reported $400M as its latest revenue figure (2026, annualized run-rate, not audited fiscal-year revenue).</strong><br>Source: <a href="https://corpdigest.com/company/mistral/financials" target="_blank" rel="noopener">CorpDigest — Mistral AI financials</a></div>Related Financial Audits
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