GitHub vs Snyk: Revenue, Profit and Business Model
GitHub reported $2B of revenue in FY2024 and — of net income. Snyk reported $309.2M of revenue in FY2025 and a net loss of $197.9M.
Latest financial snapshot
Financial summary
GitHub
Microsoft does not report GitHub as a separate segment, so its financials are known only from occasional disclosures. GitHub's revenue was reported at roughly $200-300 million when Microsoft agreed to buy it in 2018. Microsoft said GitHub passed $1 billion in annual recurring revenue in October 2022 and reached a $2 billion annual revenue run rate by July 2024, with Copilot driving more than 40% of that year's growth. Microsoft has not published a newer GitHub revenue figure; later disclosures have focused on Copilot adoption, including 4.7 million paid Copilot subscribers in January 2026, up 75% year over year.
Snyk
Snyk does not report quarterly results, but its UK statutory accounts give a yearly view. Revenue reached $278.4 million in 2024 and $309.2 million in 2025, an 11% increase that marked a sharp slowdown from 50% growth in 2023. The 2025 operating loss was $202.7 million and the net loss $197.9 million, up from $166.5 million in 2024. Cash, short-term investments and restricted cash totalled $291.3 million at the end of 2025, or $367.8 million including longer-term investments (down from $412.4 million). The company raised more than $1 billion as a private company, peaking at an $8.5 billion valuation in 2021 before a $196.5 million Series G at $7.4 billion in 2022.
Revenue and profit by year
GitHub
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2024 | $2B | — | 0.0% | — | Source |
| FY2022 | $1B | — | 0.0% | — | Source |
| FY2018 | $300M | — | 0.0% | — | Source |
Snyk
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | $309.2M | -$197.9M | -64.0% | +11.1% | Source |
| FY2024 | $278.4M | -$166.5M | -59.8% | — | Source |
Where the revenue comes from
GitHub
- GitHub Enterprise Subscriptions
Not disclosed
Recurring per-seat licensing for GitHub Enterprise Cloud and Server, delivering SAML SSO, advanced governance, custom roles, and 99.99% uptime SLAs.
- GitHub Copilot AI Subscriptions
Not disclosed
Per-seat Copilot subscriptions for individuals and organizations, including Copilot Business ($19 per user per month) and Copilot Enterprise ($39 per user per month).
- GitHub Actions & Cloud Compute Consumption
Not disclosed
Metered billing for automated CI/CD runner build minutes (Linux, Windows, macOS, GPU runners) and GitHub Codespaces cloud dev compute.
- GitHub Advanced Security (GHAS) & npm
Not disclosed
Add-on security seat licensing for CodeQL static code analysis, secret scanning, software supply chain defense, and private npm package hosting.
Snyk
No segment breakdown is published.
Business model and strategy
GitHub
How it makes money
GitHub runs a freemium subscription model. Public and private repositories are free for individuals, which keeps developers and open-source projects on the platform. Revenue comes from paid seats: GitHub Team and GitHub Enterprise (cloud or self-hosted Server) for companies that need SSO, audit logs and compliance controls;
Growth strategy
GitHub's growth plan centers on Copilot. It has expanded Copilot from code completion into chat, code review and a coding agent that can take a GitHub issue and return a pull request, and it lets users choose models from OpenAI, Anthropic, Google and others. Alongside AI, GitHub keeps selling Enterprise seats and Advanced Security into large companies, often bundled through Microsoft's enterprise sales channel.
Competitive advantage
GitHub's main advantage is network effects. Most major open-source projects, from Linux mirrors to React and Kubernetes, are hosted there, so new developers sign up by default and their commit history becomes a public portfolio. Companies then buy GitHub Enterprise because their engineers already know it.
Snyk
How it makes money
Snyk sells subscription software (SaaS). A free tier for individual developers and open-source projects drives bottom-up adoption; paid Team and Enterprise plans are priced mainly by the number of contributing developers and the products used.
Growth strategy
Snyk is repositioning around securing AI-driven software development. It bought Zurich-based Invariant Labs in June 2025 to research threats to AI agents, such as Model Context Protocol (MCP) vulnerabilities and tool poisoning, and is building an AI-native security platform alongside its existing scanners.
Competitive advantage
Snyk's edge rests on developer adoption and workflow placement. Its tools run where developers already work (VS Code, JetBrains IDEs, GitHub, GitLab, Bitbucket, CI pipelines), open fix pull requests instead of only reporting issues, and draw on a vulnerability database curated by Snyk's own security research team. Being independent of any single code host or cloud lets it serve enterprises that use several of them.
Questions about GitHub vs Snyk
Which company has higher revenue — GitHub, Inc. or Snyk?
GitHub, Inc. reported $2.0B (FY2024), while Snyk reported $309.2M (FY2025). By last reported revenue, GitHub, Inc. is the larger business, with Snyk reporting a smaller revenue base. Note: these are from different fiscal years and are not a direct like-for-like comparison.
Which is more financially efficient — GitHub, Inc. or Snyk?
GitHub, Inc. generates $667k / employee in revenue per employee, while Snyk generates $312k / employee. GitHub, Inc. shows higher revenue efficiency per headcount, though this reflects business model differences — capital-light software companies routinely outperform labour-intensive manufacturers on this metric.
How do GitHub, Inc. and Snyk make money?
GitHub, Inc. and Snyk generate revenue in fundamentally different ways. GitHub, Inc.: GitHub runs a freemium subscription model. Snyk: Snyk sells subscription software (SaaS).
Is GitHub, Inc. bigger than Snyk?
By last reported revenue, GitHub, Inc. ($2.0B (FY2024)) is the larger company compared to Snyk ($309.2M (FY2025)). Revenue scale is one dimension of size — market capitalisation, employee count, and geographic reach are also relevant depending on the context.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the GitHub vs Snyk overview