Cohere reportedly soars past revenue target, with $240-million USD ARR

Canada’s AI champion had projected $200 million USD ARR last year. Toronto AI company Cohere reportedly hit $240 million USD in annual recurring revenue (ARR) last year, exceeding its targets. The enterprise scaleup told investors it reached that figure in a February investor memo obtained by CNBC, significantly overshooting earlier projections of $200 million USD in ARR. CNBC reported Cohere saw quarter-over-quarter growth of more than 50 percent throughout 2025, and averaged 70-percent gross margins, whi ...