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The Late Stage 50 · 2026 edition · #11 of 50

Anduril Industries

Anduril is a defence products company that builds autonomy, AI, computer vision, sensor fusion and networking technology for military customers.

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US$2.2bn+FY2025 · reported
—growth not disclosed
#11rank by disclosed revenue

The figure

Revenue
US$2.2 billion
FY2025 · reported1Anduril Industries · 13 May 2026
In US dollars
US$2.2bn+
as stated
Standing
stated
Company stated
Published
13 May 2026
accessed 17 Oct 2026
Evidence
“more than doubled revenue (reaching $2.2B in 2025)” — as read on the source page1Anduril Industries · 13 May 2026
Prior year
about US$1 billion
FY2024 · reported2TechCrunch · 5 June 2025
Growth
—
no comparable year-on-year figure: rates over periods shorter than a year, or built on floors or approximations, are not shown

Context

Founded
2017
3anduril.com
Headquarters
Costa Mesa, United States
3anduril.com
Sector
Deep tech & defence
Defence technology
IA40 2026
Late · #2
on the list 4× (2021–2026)4IA40 · 19 Oct 2026
Website
www.anduril.com
Status
Private as of 17 October 2026
Company IR page says it is privately owned. The 14 Oct 2026 employee tender offer (about US$90bn) is a secondary share sale, not a listing.5status check · 17 Oct 2026

Market context

Forge Price
$140.00 per share
Forge Private Market Index constituent · weight 2.21%6Forge Global · 17 Oct 2026
Forge valuation
$123.86B
implied from the Forge Price6Forge Global · 17 Oct 2026
Last round · Forge
Series H (05/13/2026): $68.95 per share, $61B post-money valuation, $5B raised
6Forge Global · 17 Oct 2026
Clarity Price
$143.42 per share
6M return +139.03%7Clarity (formerly Hiive)
Last round · Clarity
Series H (May 2026): $61B post-money, $5B raised
7Clarity (formerly Hiive)

Secondary-market indications are published by Forge Global and Clarity (formerly Hiive) on the dates shown; ratings and margins marked “estimate” are a third party's estimates as reported by the named outlet. None is an offer, and none is part of the ranking.

Investing Platform

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References

Every figure on this page, by source.

  1. 1Anduril Industries · 13 May 2026www.anduril.com/news/anduril-announces-usd5b-series-h-raise
  2. 2TechCrunch · 5 June 2025techcrunch.com/2025/06/05/anduril-raises-2-5b-at-30-5b-valuation-led-by-founders-fund/
  3. 3anduril.comwww.anduril.com/mission
  4. 4IA40 · 19 Oct 2026www.ia40.com/the-list/
  5. 5status check · 17 Oct 2026www.anduril.com/investor-relations
  6. 6Forge Global · 17 Oct 2026forgeglobal.com/anduril_stock/
  7. 7Clarity (formerly Hiive)www.clarity.com/browse-companies/anduril-stock

Every link was opened on 17 October 2026 and the figure read on the page. Secondary-market indications, where shown, are provided by Forge Global and Clarity (formerly Hiive), are not offers, and play no part in the ranking.