Glean vs Notion: Revenue, Profit and Business Model
Glean reported $300M of revenue in FY2026 and — of net income. Notion reported $500M of revenue in FY2025 and — of net income.
Latest financial snapshot
Financial summary
Glean
Glean does not publish audited financials, so figures come from company announcements and press. It said it passed $100 million in ARR in its fiscal year ended January 31, 2025, doubled to $200 million by December 2025, and reached $300 million in May 2026, roughly tripling in 15 months. Funding milestones: a $100 million Series C at a $1 billion valuation (May 2022), more than $200 million in Series D at $2.2 billion (February 2024), $260 million in Series E at $4.6 billion co-led by Altimeter and DST Global (September 2024), and $150 million in Series F at $7.2 billion led by Wellington Management (June 2025). Profitability has not been disclosed.
Notion
Notion does not publish audited financials. Its key disclosed figure is annualized revenue of more than $500 million, stated to CNBC in September 2025 alongside the launch of Notion AI agents. CNBC later reported that half of Notion's Business and Enterprise customers pay for AI features, up from 10-20% a year earlier. Notion has raised roughly $330 million in total, most of it the $275 million Series C at a $10 billion valuation in October 2021, and has since used secondary tender offers rather than new primary rounds; the latest, at an $11 billion valuation, gave employees and early investors liquidity. Third-party estimates (e.g. Sacra) put 2026 ARR well above $500 million, but these are not company-confirmed.
Revenue and profit by year
Glean
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | $300M | — | 0.0% | +50.0% | Source |
| FY2025 | $200M | — | 0.0% | +100.0% | Source |
| FY2024 | $100M | — | 0.0% | — | Source |
Notion
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | $500M | — | 0.0% | — | Source |
Where the revenue comes from
Glean
No segment breakdown is published.
Notion
- Plus subscriptions
Not disclosed
Per-member plans for small teams, about $10 per member per month billed annually.
- Business subscriptions
Not disclosed
About $20 per member per month billed annually, including full Notion AI, SAML SSO and private teamspaces.
- Enterprise contracts
Not disclosed
Custom-priced annual agreements with advanced security, admin controls and audit logs.
Business model and strategy
Glean
How it makes money
Glean sells enterprise software to large companies, usually through IT and CIO organizations, on multi-year contracts. According to CEO Arvind Jain (TechCrunch, May 2026), customers can choose a consumption-based model that charges per use, or a hybrid model that combines a fixed monthly fee per active user with separate usage fees for AI model consumption.
Growth strategy
Glean's growth comes from expanding inside large enterprises (moving from a single department to company-wide deployments), international expansion across North America, Europe and Asia-Pacific, and selling agents and model usage on top of search seats.
Competitive advantage
Glean's main advantages are neutrality and depth of integration. It indexes Microsoft, Google, Slack, Atlassian, Salesforce and other systems into one enterprise graph, while suite vendors have little incentive to index rivals' data. Its permission model mirrors source-system access controls so that search results, assistant answers and agent actions only use content a user can already see.
Notion
How it makes money
Notion uses a freemium subscription model. Individuals can use a Free plan; teams pay per member per month for Plus (about $10 billed annually), Business (about $20, which since May 2025 includes full Notion AI such as agents, AI Meeting Notes and Enterprise Search) or custom-priced Enterprise contracts with SSO, audit logs and admin controls.
Growth strategy
Notion's growth plan has three parts: move AI into higher-priced plans (full Notion AI now sits in Business and Enterprise), expand the workspace into adjacent apps (Notion Calendar, Notion Mail, Sites, Forms, AI meeting notes), and sell upmarket to large enterprises with connectors to Microsoft Teams, SharePoint, Gmail and Slack plus Enterprise Search across those tools.
Competitive advantage
Notion's edge is a flexible block-and-database model that lets non-engineers build their own wikis, trackers and lightweight apps, plus a large creator and template community that drives organic sign-ups. Bottom-up adoption means many enterprise deals start with employees who already use Notion personally.
Questions about Glean vs Notion
Which company has higher revenue — Glean or Notion Labs, Inc.?
Glean reported $300.0M (FY2026), while Notion Labs, Inc. reported $500.0M (FY2025). By last reported revenue, Notion Labs, Inc. is the larger business, with Glean reporting a smaller revenue base. Note: these are from different fiscal years and are not a direct like-for-like comparison.
What is the market cap of Glean vs Notion Labs, Inc.?
Glean has a market capitalisation of $7.2B. A public market cap figure for Notion Labs, Inc. was not available (it may be privately held).
Which is more financially efficient — Glean or Notion Labs, Inc.?
Glean generates $300k / employee in revenue per employee, while Notion Labs, Inc. generates $500k / employee. Notion Labs, 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 Glean and Notion Labs, Inc. make money?
Glean and Notion Labs, Inc. generate revenue in fundamentally different ways. Glean: Glean sells enterprise software to large companies, usually through IT and CIO organizations, on multi-year contracts. Notion Labs, Inc.: Notion uses a freemium subscription model.
Is Glean bigger than Notion Labs, Inc.?
By last reported revenue, Notion Labs, Inc. ($500.0M (FY2025)) is the larger company compared to Glean ($300.0M (FY2026)). 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 Glean vs Notion overview