Runway revenue and valuation
Specter estimates Runway's annual revenue at $166M to $250M and its valuation at $5.13B to $7.7B. The company last reported $200M ARR in September 2026 and was priced at $5.3B in February 2026.
- Estimated revenue
- $166M–$250M
- Estimated valuation
- $5.13B–$7.7B
- Reported ARR
- $200M
- Total funding
- $860M
- Founded
- 2018
- Headquarters
- New York City, United States
- Employees
- 595
Runway revenue
Runway grew from $80M ARR in December 2024 to $200M in September 2026. Specter's model puts current ARR between $166M and $250M, anchored to two reported figures.
Monthly data
| Month | Specter estimate | Low | High | Reported ARR |
|---|---|---|---|---|
| $200M | $166M | $250M | ||
| $200M | $166M | $240M | $200M | |
| $191M | $113M | $330M | ||
| $183M | $124M | $270M | ||
| $175M | $118M | $260M | ||
| $168M | $110M | $260M | ||
| $161M | $104M | $250M | ||
| $154M | $95M | $250M | ||
| $147M | $89M | $240M | ||
| $141M | $87M | $230M | ||
| $135M | $78M | $230M | ||
| $129M | $75M | $220M | ||
| $124M | $75M | $200M | ||
| $118M | $73M | $191M | ||
| $113M | $72M | $178M | ||
| $109M | $73M | $162M | ||
| $104M | $70M | $155M | ||
| $100M | $70M | $142M | ||
| $95M | $69M | $131M | ||
| $91M | $65M | $128M | ||
| $87M | $65M | $117M | ||
| $84M | $66M | $105M | ||
| $80M | $67M | $96M | $80M | |
| $80M | $63M | $102M | ||
| $80M | $59M | $108M | ||
| $52M | $22M | $82M | ||
| $80M | $62M | $104M | ||
| $80M | $60M | $106M | ||
| $80M | $57M | $113M |
| Date | Reported ARR | Source |
|---|---|---|
| $200M | ||
| $80M |
Runway valuation
Runway's valuation rose from $200M at its Series B in December 2021 to $5.3B at its Series E in February 2026. Specter's live estimate sits between $5.13B and $7.7B.
Monthly data
| Month | Specter estimate | Low | High | Reported valuation |
|---|---|---|---|---|
| $6.28B | $5.13B | $7.7B | ||
| $5.61B | $4.35B | $7.23B | ||
| $5.4B | $4.37B | $6.66B | ||
| $5.3B | $4.41B | $6.37B | $5.3B (press) | |
| $5.3B | $4.41B | $6.37B | $5.3B (press) | |
| $5.3B | $4.41B | $6.37B | $5.3B (press) | |
| $5.3B | $4.23B | $6.64B | ||
| $5.3B | $4.3B | $6.53B | ||
| $5.3B | $4.41B | $6.37B | $5.3B (round) | |
| $4.82B | $3.55B | $6.55B | ||
| $4.38B | $3.39B | $5.66B | ||
| $3.99B | $3.14B | $5.06B | ||
| $3.63B | $2.93B | $4.49B | ||
| $3.3B | $2.71B | $4.02B | ||
| $3B | $2.5B | $3.61B | $3B (press) | |
| $3B | $2.4B | $3.76B | ||
| $3B | $2.45B | $3.67B | ||
| $3B | $2.48B | $3.63B | ||
| $3B | $2.5B | $3.61B | $3B (round) | |
| $2.91B | $1.87B | $4.53B | ||
| $2.82B | $1.73B | $4.58B | ||
| $2.73B | $1.59B | $4.69B | ||
| $2.64B | $1.52B | $4.6B | ||
| $2.56B | $1.42B | $4.62B | ||
| $2.48B | $1.42B | $4.33B | ||
| $2.41B | $1.51B | $3.83B | ||
| $2.33B | $1.39B | $3.91B | ||
| $2.26B | $1.48B | $3.44B | ||
| $2.19B | $1.48B | $3.24B |
Runway funding rounds
| Date | Round | Raised | Post-money valuation | Lead investors |
|---|---|---|---|---|
| Corporate round | Undisclosed | Undisclosed | Lionsgate | |
| Series E | $315M | $5.3B | General Atlantic | |
| Series D | $308M | $3B | General Atlantic | |
| Series C | $141M | $1.5B | Salesforce Ventures | |
| Series C | $50M | $500M | Felicis | |
| Series B | $35M | $200M | Coatue | |
| Series A | Undisclosed | Undisclosed | Undisclosed | |
| Series A | $8.5M | Undisclosed | Amplify Partners | |
| Seed | $2M | Undisclosed | Compound |
Runway competitors
The generative media market is fragmenting into closed-loop creative workstations and open infrastructure APIs.
| Company | Revenue | Valuation |
|---|---|---|
| $166M–$250M | $5.13B–$7.7B | |
| $520M–$850M | $13.7B–$19.8B | |
| $119M–$280M | $3.06B–$5.62B | |
| $69M–$310M | $2.41B–$3.81B | |
| $1.12B–$1.62B | $4.49B–$6.49B |
Runway revenue and valuation FAQ
What is Runway's revenue?
Specter estimates Runway's annual recurring revenue at $166M to $250M as of October 2026. Runway last reported $200M ARR in September 2026, up from $80M in December 2024.
What is Runway's valuation?
Runway's latest post-money valuation is $5.3B, from a February 2026 Series E. Specter's live estimate is $5.13B to $7.7B.
What is Runway's revenue multiple?
Runway is valued at about 26.5× ARR, based on its $5.3B February 2026 valuation and $200M last reported ARR. That works out to roughly $336K of ARR per employee.
How much funding has Runway raised?
$860M across nine rounds, from a $2M Seed in December 2018 to a corporate round in June 2026.
Who invested in Runway?
28 investors, including Amplify Partners, Coatue, Felicis, General Atlantic, Lionsgate and Salesforce Ventures.
Who are Runway's competitors?
Kling AI, Luma AI, Black Forest Labs and Higgsfield. Specter ranks 30 competitors for Runway.