Snyk vs Wiz: Revenue, Profit and Business Model
Snyk reported $309.2M of revenue in FY2025 and a net loss of $197.9M. Wiz reported $1B of revenue in FY2026 and — of net income.
Latest financial snapshot
Financial summary
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.
Wiz
As a private company Wiz never published audited financial statements, so its scale is known mainly from ARR figures it or people close to it disclosed. Wiz said it reached $100 million in ARR in about 18 months, announcing the milestone in August 2022. It reported about $350 million in ARR by early 2024, and co-founder Roy Reznik said in October 2024 that ARR had reached $500 million. TechCrunch reported, citing a person familiar with the matter, that Wiz crossed $1 billion in ARR in 2025. Wiz raised about $1.9 billion in venture funding, ending with a $1 billion round at a $12 billion valuation in May 2024, before Alphabet bought it for $32 billion in cash.
Revenue and profit by year
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 |
Wiz
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | $1B | — | 0.0% | +0.0% | |
| FY2025 | $1B | — | 0.0% | +100.0% | Source |
| FY2024 | $500M | — | 0.0% | +42.9% | Source |
| FY2023 | $350M | — | 0.0% | — | Source |
Where the revenue comes from
Business model and strategy
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.
Wiz
How it makes money
Wiz sells its platform as annual software subscriptions to enterprises and public-sector organizations. Pricing is tied to the size of the cloud estate being protected, such as the number of workloads, and customers can add modules for code scanning (Wiz Code), cloud detection and response (Wiz Defend), and runtime protection.
Growth strategy
Wiz has grown by expanding from cloud posture management into adjacent products: code and pipeline scanning, runtime sensors, cloud detection and response, and AI security posture management. It bought companies to speed this up, including Raftt (2023), Gem Security (2024), and Dazz (2024).
Competitive advantage
Wiz's advantages are fast deployment through read-only cloud API connections instead of agents, a security graph that ranks risks by how they combine into a real attack path, broad coverage across AWS, Azure, Google Cloud, and Oracle Cloud, and a research team known for publicly disclosing cloud vulnerabilities such as ChaosDB in Azure Cosmos DB.
Questions about Snyk vs Wiz
Which company has higher revenue — Snyk or Wiz, Inc.?
Snyk reported $309.2M (FY2025), while Wiz, Inc. reported $1.0B (FY2026). By last reported revenue, Wiz, 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 — Snyk or Wiz, Inc.?
Snyk generates $312k / employee in revenue per employee, while Wiz, Inc. generates $556k / employee. Wiz, 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 Snyk and Wiz, Inc. make money?
Snyk and Wiz, Inc. generate revenue in fundamentally different ways. Snyk: Snyk sells subscription software (SaaS). Wiz, Inc.: Wiz sells its platform as annual software subscriptions to enterprises and public-sector organizations.
Is Snyk bigger than Wiz, Inc.?
By last reported revenue, Wiz, Inc. ($1.0B (FY2026)) 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 Snyk vs Wiz overview