Suno
ConvictionContext
Consumer freemium subscription (Pro ~$10/mo, Premier ~$30/mo) plus emerging pro-tools (Suno Studio generative DAW) and label-licensing layer; usage-credit gated generation
Revenue
$300M ARRcompany-disclosed, Feb 2026); $200M annual revenue reported by WSJ at the Nov 2025 Series CRev growth
ARR ~$100M+reported Oct 2025) -> $200M (Nov 2025, WSJ) -> $300M (Feb 2026, CEO); +50% in the ~3 months to Feb 2026Gross margin
not disclosedprivate); consumer AI inference costs plus new label licensing payments compress vs pure softwareOp margin
not disclosedCapex intensity
not disclosedGPU training/inference is rented cloud compute (opex-heavy) rather than owned capexValuation
~$5.4B post-moneySeries D, Jun 2026) - private, no public market capValuation trail
$5.4B10.8× since May 2024
3 marks · May 2024–Jun 2026
private — no public price
Priced round
All marks are press-reported private post-money valuations; the Series B valuation was reported as approximately $500M and not officially confirmed by the company. Valuation more than doubled between the Series C (Nov 2025) and Series D (Jun 2026) despite unresolved UMG/Sony litigation.
Members only
Full financial intelligence for Suno
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