Anduril revenue and valuation
Specter estimates Anduril's annual revenue at $1.36B to $6.88B and its valuation at $74.9B to $108B. The company last reported $2.25B revenue in December 2025 and was priced at $61B in May 2026.
- Estimated revenue
- $1.36B–$6.88B
- Estimated valuation
- $74.9B–$108B
- Reported revenue
- $2.25B
- Total funding
- $11.3B
- Founded
- 2017
- Headquarters
- Costa Mesa, United States
- Employees
- 9,944
Anduril revenue
Anduril grew from $500M revenue in December 2023 to $2.25B in December 2025. Specter's model puts current revenue between $1.36B and $6.88B, anchored to three reported figures.
Monthly data
| Month | Specter estimate | Low | High | Reported revenue |
|---|---|---|---|---|
| $3.06B | $1.36B | $6.88B | ||
| $2.55B | $1.48B | $4.41B | ||
| $2.58B | $1.68B | $3.96B | ||
| $2.67B | $1.76B | $4.05B | ||
| $2.48B | $1.53B | $4.04B | ||
| $2.49B | $1.76B | $3.52B | ||
| $2.28B | $1.51B | $3.43B | ||
| $2.37B | $1.79B | $3.14B | ||
| $2.2B | $1.64B | $2.95B | ||
| $2.1B | $1.67B | $2.66B | ||
| $2.25B | $1.87B | $2.71B | $2.25B | |
| $2.1B | $1.31B | $3.38B | ||
| $1.97B | $1.23B | $3.13B | ||
| $1.84B | $1.19B | $2.83B | ||
| $1.72B | $950M | $3.1B | ||
| $1.6B | $1.15B | $2.24B | ||
| $1.5B | $950M | $2.37B | ||
| $1.4B | $1.03B | $1.91B | ||
| $1.31B | $940M | $1.82B | ||
| $1.22B | $930M | $1.61B | ||
| $1.14B | $910M | $1.45B | ||
| $1.07B | $860M | $1.33B | ||
| $1B | $830M | $1.2B | $1B | |
| $940M | $520M | $1.7B | ||
| $890M | $540M | $1.48B | ||
| $840M | $460M | $1.54B | ||
| $790M | $490M | $1.27B | ||
| $750M | $510M | $1.1B | ||
| $710M | $490M | $1.02B |
| Date | Reported revenue | Source |
|---|---|---|
| $2.25B | ||
| $1B | ||
| $500M |
Anduril valuation
Anduril's valuation rose from $250M at its Series A in June 2018 to $61B at its Series H in May 2026. Specter's live estimate sits between $74.9B and $108B.
Monthly data
| Month | Specter estimate | Low | High | Reported valuation |
|---|---|---|---|---|
| $90B | $74.9B | $108B | $90B (press) | |
| $74.1B | $61.2B | $89.6B | ||
| $61B | $50.7B | $73.3B | $61B (press) | |
| $61B | $50.7B | $73.3B | $61B (press) | |
| $61B | $50.7B | $73.3B | $61B (press) | |
| $61B | $50.7B | $73.3B | $61B (round) | |
| $60B | $49.9B | $72.1B | $60B (press) | |
| $60B | $49.9B | $72.1B | $60B (press) | |
| $42.8B | $35.2B | $52B | ||
| $30.5B | $25.4B | $36.7B | $30.5B (press) | |
| $30.5B | $25.4B | $36.7B | $30.5B (press) | |
| $30.5B | $25.4B | $36.7B | $30.5B (press) | |
| $30.3B | $25B | $36.9B | ||
| $30.2B | $25B | $36.5B | ||
| $30B | $24.9B | $36.1B | $30B (press) | |
| $14B | $11.6B | $16.8B | $14B (press) | |
| $30.5B | $25.4B | $36.7B | $30.5B (round) | |
| $28.2B | $23.8B | $33.5B | ||
| $26.1B | $22.4B | $30.3B | ||
| $24.1B | $19.6B | $29.8B | ||
| $22.3B | $17.3B | $28.9B | ||
| $20.7B | $17B | $25.2B | ||
| $19.1B | $15.8B | $23.1B | ||
| $17.7B | $14.9B | $21B | ||
| $16.4B | $13.7B | $19.6B | ||
| $15.1B | $12.6B | $18.3B | ||
| $14B | $11.6B | $16.8B | $14B (round) | |
| $29B | $24.2B | $34.7B | ||
| $60B | $49.9B | $72.1B | $60B (press) |
Anduril funding rounds
| Date | Round | Raised | Post-money valuation | Lead investors |
|---|---|---|---|---|
| Series H | $5B | $61B | Andreessen Horowitz, Thrive Capital | |
| Secondary | Undisclosed | Undisclosed | Undisclosed | |
| Grant | $150K | Undisclosed | XPRIZE | |
| Corporate round | $30M | Undisclosed | Alpha Compute Corp. | |
| Series G | $2.5B | $30.5B | Founders Fund | |
| Grant | $14.3M | Undisclosed | U.S. Department of War | |
| Series F | $1.5B | $14B | Founders Fund, Sands Capital Ventures | |
| Venture round | Undisclosed | Undisclosed | Undisclosed | |
| Secondary | Undisclosed | Undisclosed | Undisclosed | |
| Series E | $1.5B | $8.5B | Valor Equity Partners | |
| Series D | $450M | $4.6B | Elad Gil | |
| Series C | $200M | $1.9B | Andreessen Horowitz | |
| Series B | Undisclosed | $1B | General Catalyst, Andreessen Horowitz | |
| Series A | $41M | $250M | Founders Fund | |
| Seed | $17.5M | Undisclosed | Founders Fund |
Anduril competitors
Defense technology firms compete by bridging legacy hardware manufacturing with modern autonomous software stacks.
| Company | Revenue | Valuation |
|---|---|---|
| $1.36B–$6.88B | $74.9B–$108B | |
| $260M–$1.14B | $23.9B–$34.6B | |
| $1.63B–$2.6B | $3.08B–$9.87B | |
| $1.58B–$2.29B | $2.68B–$9.84B | |
| $70.2B–$99.5B | $79.6B–$243B |
Anduril revenue and valuation FAQ
What is Anduril's revenue?
Specter estimates Anduril's annual revenue at $1.36B to $6.88B as of October 2026. Anduril last reported $2.25B revenue in December 2025, up from $500M in December 2023.
What is Anduril's valuation?
Anduril's latest post-money valuation is $61B, from a May 2026 Series H. Specter's live estimate is $74.9B to $108B.
What is Anduril's revenue multiple?
Anduril is valued at about 27.1× revenue, based on its $61B May 2026 valuation and $2.25B last reported revenue. That works out to roughly $226K of revenue per employee.
How much funding has Anduril raised?
$11.3B across 15 rounds, from a $17.5M Seed in August 2017 to a $5B Series H in May 2026.
Who invested in Anduril?
63 investors, including Alpha Compute Corp., Andreessen Horowitz, Founders Fund, Thrive Capital, U.S. Department of War and XPRIZE.
Who are Anduril's competitors?
Shield AI, Kratos Defense and Security Solutions, AV and Lockheed Martin. Specter ranks 28 competitors for Anduril.