ARR
exceeded $100M in recurring revenue (company Series B)
link OK historical point
Coding agents · Venture-backed acquired · SpaceX
Cursor (Anysphere)
AI-native code editor whose agents write, edit, and reason over large codebases; part of SpaceX since Aug 2026.
What the agent does
Cursor's agentic editor and Cloud Agents generate multi-file PRs, answer codebase questions, and run longer tasks in the background on in-house models. About 75% of run-rate revenue now comes from business customers (company, May 2026), and Cloud Agents (Feb 2026) was credited with part of the spring revenue jump.
Business model
Subscription SaaS (individual + enterprise seats)
Lessons for builders
- Moving upmarket from individual developers to enterprise seats is how a dev tool scales past early adopters: business customers went from ~60% (Mar 2026) to ~75% of run rate (May 2026).
- Enterprise mix can offset consumer churn when competing coding agents undercut price.
- Shipping background agents (Cloud Agents, Feb 2026) coincided with run rate doubling from $2B to $4B in about four months (press-reported).
- Compute became the binding constraint at scale: Cursor sold to SpaceX ($60B in stock) largely for GPU access to train cheaper, stronger in-house models.
Annualized revenue
$4B reported
ARR (reported) · as of 2026-06
Founded 2022 · Team over 300 engineers, researchers, designers, and operators (Nov 2025)
Last verified 2026-10-16
Ownership checked 2026-10-16
Growth
Annualized revenue over time
Sourced metrics
| Metric | Value | As of | Source | Checks |
|---|---|---|---|---|
| ARR | exceeded $100M in recurring revenue (company Series B) | 2025-01 | Cursor blog (Series B) | link OK historical point |
| ARR | over $500M ARR (company Series C) | 2025-06 | Cursor blog (Series C) | link OK historical point |
| Valuation | $9.9B valuation ($900M Series C) | 2025-06 | Cursor blog (Series C) | link OK historical point |
| ARR | crossed $1B in annualized revenue | 2025-11 | Cursor blog (Series D) | link OK historical point |
| Valuation | $29.3B post-money (Series D $2.3B) | 2025-11 | Cursor blog (Series D) | link OK historical point |
| ARR reported | reportedly surpassed $2B annualized revenue (Bloomberg via TechCrunch; Cursor did not confirm) | 2026-03 | TechCrunch | link OK historical point |
| ARR reported | $3B annualized revenue in late April 2026 (person familiar, first reported by Bloomberg; restated by Forbes) | 2026-04 | Forbes (person familiar) (archived copy) | site blocks automated checks archived copy historical point |
| ARR reported | topped $4B annualized revenue in early June 2026, up from $3B (late Apr) and $2B (Feb); ~75% from business customers per the company (person familiar for the $4B; Cursor did not publish it) | 2026-06 | Forbes (person familiar; enterprise share from the company) (archived copy) | site blocks automated checks archived copy |
| Valuation | acquired by SpaceX at an implied equity value of $60.0B, paid in SpaceX Class A stock (merger effective Aug 14 2026) | 2026-08-14 | SpaceX Form 8-K (SEC) | link OK |
ARR
over $500M ARR (company Series C)
link OK historical point
Valuation
$9.9B valuation ($900M Series C)
link OK historical point
ARR
crossed $1B in annualized revenue
link OK historical point
Valuation
$29.3B post-money (Series D $2.3B)
link OK historical point
ARR reported
reportedly surpassed $2B annualized revenue (Bloomberg via TechCrunch; Cursor did not confirm)
link OK historical point
ARR reported
$3B annualized revenue in late April 2026 (person familiar, first reported by Bloomberg; restated by Forbes)
ARR reported
topped $4B annualized revenue in early June 2026, up from $3B (late Apr) and $2B (Feb); ~75% from business customers per the company (person familiar for the $4B; Cursor did not publish it)
site blocks automated checks archived copy
Valuation
acquired by SpaceX at an implied equity value of $60.0B, paid in SpaceX Class A stock (merger effective Aug 14 2026)
link OK
Machine-readable: /api/v1/businesses/cursor.json · Spot an error? Send a correction.
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