Ali Ghodsi, co-founder and CEO of Databricks, speaks on the firm’s Information and AI Summit in San Francisco on June 11, 2025.
Jordan Novet | CNBC
Databricks, an information analytics software program vendor, mentioned on Wednesday that it expects to generate $3.7 billion in annualized income by July, with year-over-year progress of fifty%.
CFO Dave Conte delivered the numbers at a briefing for traders and analysts tied to the corporate’s Information and AI Summit in San Francisco on Wednesday. Progress within the October quarter was 60%, Databricks mentioned in late 2024.
Databricks is without doubt one of the most extremely valued tech startups, asserting in December that it raised $10 billion at a $62 billion valuation. Snowflake, its closest public market competitor, has a market cap of about $70 billion on annualized income of simply over $4 billion, based mostly on its newest quarter.
Conte did not give any indication of when Databricks would possibly file for an IPO. On Wednesday, fintech firm Chime priced its IPO, and stablecoin issuer Circle began buying and selling on the New York Inventory Trade final week.
Databricks had $2.6 billion in income in its fiscal 12 months that resulted in January, with a web retention price exceeding 140%, unchanged from final 12 months. Within the first quarter of the brand new fiscal 12 months, almost 50 of Databricks’ 15,000-plus prospects had been spending over $10 million yearly, Conte mentioned.
“We need to mix good income progress and good product velocity with profitability,” Conte mentioned.
The corporate has roughly 8,000 workers. Earlier on Wednesday, Databricks CEO Ali Ghodsi mentioned the corporate is hiring 3,000 folks in 2025. Databricks was near being free money circulate constructive for the primary time in the newest fiscal 12 months, Conte mentioned.
Along with Snowflake, competitors additionally comes from cloud suppliers that promote their very own knowledge warehousing software program.
Additionally on Wednesday, Databricks introduced a preview of Lakebase database software program drawing on know-how from its latest $1 billion acquisition of startup Neon. Lakebase stands to increase the dimensions of Databricks’ market opporunity, Conte mentioned.
Databricks ranked third on CNBC’s newly launch 2025 Disruptor 50 record, behind solely Anduril and OpenAI.
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