Overview
- Cohere told investors it finished 2025 at roughly $240 million in annual recurring revenue, exceeding a $200 million target with more than 50% quarter-over-quarter growth.
- Gross margins averaged about 70% last year, edging higher year over year in a sign of a software-heavy revenue mix.
- The company highlights a model that lets customers run its systems via managed cloud services or on their own hardware to limit infrastructure costs.
- Priorities for 2026 include expanding in Europe and scaling North, its enterprise agent and workspace platform introduced last year.
- Cohere is valued at roughly $7 billion and backed by Nvidia, AMD, and Salesforce Ventures, competing for enterprise customers with OpenAI, Anthropic, and Google as CEO Aidan Gomez signals hopes to list "soon."