Vercel reported at $600M annualized revenue, up 148%; agents half of new business
- Amount
- $600M
- Place in VP50
- #41
- Source
- 1
- Claims verified
- 2 of 6
What happened
The Information reported on October 1, 2026 that Vercel's annualized revenue had reached about $600 million, or $50 million a month. That was up 148% from a year earlier and up from $500 million in July, according to a summary of the report published by Dealroom News. The figures were attributed to a person close to the company, not to Vercel itself. The original article is behind a subscription, so this summary relies on the Dealroom relay, which also said Vercel had been valued at $9.3 billion a year earlier.
The summary said Vercel had 485,000 paying customers, up about 20%, and had moved mostly from subscriptions to usage-based pricing. CEO Guillermo Rauch said at the Ship London event in June that coding agents accounted for about half of new business, up from under 3% at the start of the year. Claude Code, Cursor and OpenAI Codex often deploy to Vercel, partly because Next.js appears in their training data. Next.js had 1.3 billion downloads year to date through August, and the AI SDK had about 33 million weekly npm downloads as of October 1. Rauch said in April that he wanted to file for an IPO, with no timeline.
Key points
- About $600 million annualized revenue ($50 million a month), up 148% year over year and from $500 million in July.1
- 485,000 paying customers, up about 20%; pricing is now mostly usage-based.1
- Coding agents were about half of new business, versus under 3% at the start of the year, CEO Guillermo Rauch said in June.1
- Next.js reached 1.3 billion downloads year to date through August; the AI SDK had about 33 million weekly npm downloads.1
- Rauch said in April he wanted to file for an IPO; no timeline was given.1
Why it matters
Reported revenue of about $600 million is up from $500 million in July and 148% above a year earlier, when Vercel was valued at $9.3 billion. The figure comes from a person close to the company and is not confirmed by Vercel.
Coding agents went from under 3% of new business at the start of the year to about half. With pricing now mostly usage-based, revenue tracks how much customers, including agents, deploy and run on the platform.
Rauch's April comment that he wants to file for an IPO puts a public listing on the table, but no date or filing was reported, so Vercel shares still have no public market.
In context
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Series C | Jun 23, 2021 | $1.1B | $102M | Bedrock Capital |
| Series D | Nov 23, 2021 | $2.5B | $150M | GGV Capital |
| Series E | May 16, 2024 | $3.3B | $250M | Accel |
| Series F | Sep 30, 2025 | $9.3B | $300M | Accel and GIC |
Updated
Fact-check
- Vercel's annualized revenue was about $600 million, or $50 million a month, as reported on October 1, 2026.Confirmed by [1] Dealroom News, summarizing The Information's October 1, 2026 article; the original is paywalled and was not read, and the figure is attributed to a person close to the company.Partly verified
- Revenue was up 148% year over year and up from $500 million in July; Vercel was valued at $9.3 billion a year earlier.Confirmed by [1] Dealroom News: it gives 148% growth, $500 million in July and the $9.3 billion valuation a year earlier, relaying The Information.Partly verified
- Vercel had 485,000 paying customers, up about 20%, with pricing mostly usage-based.Confirmed by [1] Dealroom News: it states 485,000 paying customers, about 20% growth and the shift to usage-based pricing, relaying The Information.Partly verified
- Coding agents were about half of new business, up from under 3% at the start of the year, per Rauch in June.Confirmed by [1] Dealroom News: it attributes this to CEO Guillermo Rauch at June's Ship London event; the underlying article was not readable.Partly verified
- Next.js had 1.3 billion downloads year to date through August; the AI SDK had about 33 million weekly npm downloads as of October 1.Confirmed by [1] Dealroom News: it states both figures and dates.Verified
- Rauch said in April that he wants to file for an IPO, with no timeline.Confirmed by [1] Dealroom News: it says Rauch said in April he wants to file, with no timeline.Verified
Sources
- [1]Dealroom News (opens in a new tab)Why Coding Agents Are Choosing Vercel as Often as Humans Do
