Runway
ConvictionContext
Tiered SaaS subscriptions ($12-$95+/user/mo) with metered GPU credits, plus usage-based API for developers and enterprise/studio licensing deals (e.g. Lionsgate, AMC Networks)
Revenue
not officially disclosedpress estimates: ~$44M recognized revenue CY2024, ~$70M ARR at end-2024, ~$90M ARR mid-2025, company forecast of $265-300M ARR by end-2025 (Sacra/The Information-sourced figuresRev growth
~236% YoYin 2024 (press estimate); ARR roughly tripling 2024->2025 if the end-2025 forecast was met (not independently confirmedGross margin
not disclosedstructurally pressured by GPU inference costs typical of genAI video (likely well below software normsOp margin
not disclosedreported ~$155M EBITDA loss in 2024 (press estimate) - deeply unprofitableCapex intensity
high via opex: rented cloud GPU computeAWS named primary cloud in 2024; NVIDIA silicon incl. announced Rubin platform work) rather than owned datacentersValuation
~$5.3BSeries E post-money, Feb 2026; private - not listed on any exchangeValuation trail
$5.3B10.6× since Dec 2022
4 marks · Dec 2022–Feb 2026
private — no public price
Priced round
All rounds are press-reported private primaries (~$860M cumulative since 2018 across seed through Series E); Runway does not disclose audited figures. Mid-2026 secondary marks ($10.69 Notice to $14.58 Nasdaq Private Market per share) are too thin and non-comparable to plot as valuation points.
The read
Where our coverage leans
Coverage leans bullish
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Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage 2026-07· sign in (free) for the analyst summary; Pro unlocks full intelligence