---
title: "Runway revenue and valuation"
description: "Runway's ARR is estimated at $166M–$250M, last reported at $200M. Valued at $5.3B after raising $860M. Funding rounds and competitors."
url: https://www.tryspecter.com/revenue-valuation/runway.md
canonical_url: https://www.tryspecter.com/revenue-valuation/runway
publisher: Specter
last_updated: 2026-11-01
---

# 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.

Runway builds generative AI tools for image, video, audio, and world simulation.

- Estimated revenue: $166M to $250M (October 2026)
- Estimated valuation: $5.13B to $7.7B (October 2026)
- Last reported ARR: $200M (September 2026)
- Total funding: $860M
- Founded: 2018
- Headquarters: New York City, United States
- Employees: 595
- Sector: AI media
- Specter Rank: #55,979

## 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.

| Reported figure | Date | Source |
| --- | --- | --- |
| $200M ARR | September 2026 | [Runway co-CEO Anastasis Germanidis says the startup's annual recurring revenue hit $200M in September; source: it expects ARR to cross $350…](https://x.com/Techmeme/status/2097330558766657883) (x.com) |
| $80M ARR | December 2024 | [Watch: This Small Startups's AI Video Model Just Put Sora 2 to Shame](https://www.inc.com/ben-sherry/watch-this-small-startupss-ai-video-model-just-put-sora-2-to-shame/91272286) (inc.com) |

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $200M | $166M | $250M |
| September 2026 | $200M | $166M | $240M |
| August 2026 | $191M | $113M | $330M |
| July 2026 | $183M | $124M | $270M |
| June 2026 | $175M | $118M | $260M |
| May 2026 | $168M | $110M | $260M |
| April 2026 | $161M | $104M | $250M |
| March 2026 | $154M | $95M | $250M |
| February 2026 | $147M | $89M | $240M |
| January 2026 | $141M | $87M | $230M |
| December 2025 | $135M | $78M | $230M |
| November 2025 | $129M | $75M | $220M |
| October 2025 | $124M | $75M | $200M |
| September 2025 | $118M | $73M | $191M |
| August 2025 | $113M | $72M | $178M |
| July 2025 | $109M | $73M | $162M |
| June 2025 | $104M | $70M | $155M |
| May 2025 | $100M | $70M | $142M |
| April 2025 | $95M | $69M | $131M |
| March 2025 | $91M | $65M | $128M |
| February 2025 | $87M | $65M | $117M |
| January 2025 | $84M | $66M | $105M |
| December 2024 | $80M | $67M | $96M |
| November 2024 | $80M | $63M | $102M |
| October 2024 | $80M | $59M | $108M |
| September 2024 | $52M | $22M | $82M |
| August 2024 | $80M | $62M | $104M |
| July 2024 | $80M | $60M | $106M |
| June 2024 | $80M | $57M | $113M |

## 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.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $6.28B | $5.13B | $7.7B |
| September 2026 | $5.61B | $4.35B | $7.23B |
| August 2026 | $5.4B | $4.37B | $6.66B |
| July 2026 | $5.3B | $4.41B | $6.37B |
| June 2026 | $5.3B | $4.41B | $6.37B |
| May 2026 | $5.3B | $4.41B | $6.37B |
| April 2026 | $5.3B | $4.23B | $6.64B |
| March 2026 | $5.3B | $4.3B | $6.53B |
| February 2026 | $5.3B | $4.41B | $6.37B |
| January 2026 | $4.82B | $3.55B | $6.55B |
| December 2025 | $4.38B | $3.39B | $5.66B |
| November 2025 | $3.99B | $3.14B | $5.06B |
| October 2025 | $3.63B | $2.93B | $4.49B |
| September 2025 | $3.3B | $2.71B | $4.02B |
| August 2025 | $3B | $2.5B | $3.61B |
| July 2025 | $3B | $2.4B | $3.76B |
| June 2025 | $3B | $2.45B | $3.67B |
| May 2025 | $3B | $2.48B | $3.63B |
| April 2025 | $3B | $2.5B | $3.61B |
| March 2025 | $2.91B | $1.87B | $4.53B |
| February 2025 | $2.82B | $1.73B | $4.58B |
| January 2025 | $2.73B | $1.59B | $4.69B |
| December 2024 | $2.64B | $1.52B | $4.6B |
| November 2024 | $2.56B | $1.42B | $4.62B |
| October 2024 | $2.48B | $1.42B | $4.33B |
| September 2024 | $2.41B | $1.51B | $3.83B |
| August 2024 | $2.33B | $1.39B | $3.91B |
| July 2024 | $2.26B | $1.48B | $3.44B |
| June 2024 | $2.19B | $1.48B | $3.24B |

| Reported valuation | Month | Source |
| --- | --- | --- |
| $5.3B | July 2026 | [observer.com](https://observer.com/2026/07/immigrant-ai-founders-multibillion-dollar-startup/) |
| $5.3B | June 2026 | [forbesgreece.gr](https://www.forbesgreece.gr/epixeiriseis/3995268/i-antonoglou-a-germanidis-oi-duo-ellines-pou-idrusan-etaireies-dis-kai-brethikan-stin-korufi-tis-pagkosmias-AI) |
| $5.3B | May 2026 | [forbesgreece.gr](https://www.forbesgreece.gr/epixeiriseis/3995268/i-antonoglou-a-germanidis-oi-duo-ellines-pou-idrusan-etaireies-dis-kai-brethikan-stin-korufi-tis-pagkosmias-ai) |
| $5.3B | February 2026 | Funding round |
| $3B | August 2025 | [youtube.com](https://www.youtube.com/watch?v=UzSbG6DL8CM) |
| $3B | April 2025 | Funding round |
| $1.5B | June 2023 | Funding round |
| $500M | December 2022 | Funding round |
| $200M | December 2021 | Funding round |

## Runway funding rounds

| Date | Round | Raised | Post-money | Lead investors |
| --- | --- | --- | --- | --- |
| 11 Jun 2026 | Corporate round | Undisclosed | Undisclosed | Lionsgate |
| 10 Feb 2026 | Series E | $315M | $5.3B | General Atlantic |
| 3 Apr 2025 | Series D | $308M | $3B | General Atlantic |
| 29 Jun 2023 | Series C | $141M | $1.5B | Salesforce Ventures |
| 5 Dec 2022 | Series C | $50M | $500M | Felicis |
| 13 Dec 2021 | Series B | $35M | $200M | Coatue |
| 1 Oct 2021 | Series A | Undisclosed | Undisclosed | Undisclosed |
| 16 Dec 2020 | Series A | $8.5M | Undisclosed | Amplify Partners |
| 1 Dec 2018 | Seed | $2M | Undisclosed | Compound |

## Runway vs competitors

The generative media market is fragmenting into closed-loop creative workstations and open infrastructure APIs.

| Company | Estimated revenue | Estimated valuation |
| --- | --- | --- |
| Runway | $166M–$250M | $5.13B–$7.7B |
| Kling AI (kling.ai) | $520M–$850M | $13.7B–$19.8B |
| Luma AI (lumalabs.ai) | $119M–$280M | $3.06B–$5.62B |
| Black Forest Labs (blackforestlabs.ai) | $69M–$310M | $2.41B–$3.81B |
| Higgsfield (higgsfield.ai) | $1.12B–$1.62B | $4.49B–$6.49B |

## Questions

### 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.

## About this data

Specter models revenue and valuation monthly and anchors each estimate to reported figures and priced rounds. Method: https://www.tryspecter.com/revenue-valuation

Cite as: Specter. "Runway revenue and valuation." tryspecter.com/revenue-valuation/runway. Updated November 2026.