The AI ReceiptsHow much does ElevenLabs make? $600M a year, mostly from big companies
The AI Receipts, published by Bambana LLC · Data checked Oct 21, 2026 · How we verify
ElevenLabs says it makes about $600 million a year in recurring revenue (ARR), per CEO Mati Staniszewski (TechCrunch, Sep 24, 2026; CNBC-TV18, Oct 6, 2026). That is up from $330M–$350M at the end of 2025. Reported, not verified
Unlike the rest of our site, nothing on this page is processor-verified. These are company statements and press reports, each linked with its date. We did not estimate any number. For businesses whose payment data we can check, see the verified AI revenue leaderboard.
What is ElevenLabs' revenue?
About $600M in ARR, as of September and October 2026. ARR is a run rate (recent recurring revenue projected over a year), not audited annual revenue. The company said in its May 5, 2026 blog post that it had 530 employees. TechCrunch reported its backers value it at $22 billion (Sep 24, 2026).
How did ElevenLabs' revenue grow?
| When | Reported figure | Source |
|---|---|---|
| 2022 | Company started; first product launched in 2023 | CEO via Bloomberg, cited by TechCrunch, Jan 13, 2026 |
| ~20 months after launch | $100M ARR | Same (CEO) |
| 10 months later | $200M ARR | Same (CEO) |
| End of 2025 | $330M+ ARR | CEO via Bloomberg, cited by TechCrunch, Jan 13, 2026 |
| End of 2025 | $350M ARR | ElevenLabs blog, May 5, 2026 |
| Jan–Apr 2026 | Over $500M ARR | ElevenLabs blog, May 5, 2026 |
| Sep 2026 | $600M ARR, 55%+ from enterprise | CEO interview, TechCrunch, Sep 24, 2026 |
| Oct 2026 | Over $600M ARR; India is its #2 market | CEO to CNBC-TV18, Oct 6, 2026 |
The two end-of-2025 figures don't match: $330M+ (CEO to Bloomberg, January) vs $350M (company blog, May). We show both. All figures are company-reported run rates.
Each $100M step got faster: 20 months, then 10, then about five (per the CEO). In 2026 it added about $250M–$270M of ARR in roughly nine months (our calc. from the reported figures).
Who pays for ElevenLabs?
Businesses, more than creators. In September the CEO told TechCrunch that "fifty-five percent plus is classic enterprise", and that much of the rest is small businesses, developers, builders and creators. The company names customers like NVIDIA, Salesforce, Santander and Deutsche Telekom, mostly for voice agents in support and sales (company blog, May 2026). He told CNBC-TV18 in October that India is now its second-largest market after the US.
How does ElevenLabs make money?
Credit-based subscriptions for voice, music and video tools, plus usage-priced voice agents and an API. On Oct 21, 2026, elevenlabs.io/pricing listed these monthly creator plans:
| Plan | Price (Oct 21, 2026) | Credits/month |
|---|---|---|
| Free | $0 | 10k |
| Starter | $6/month | 30k |
| Creator | $22/month (first month $11) | 121k |
| Pro | $99/month | 600k |
| Scale | $299/month, 3 seats | 1.8M |
| Business | $990/month, 10 seats | 6M |
| Enterprise | Custom | Custom |
ElevenAgents (voice agents) and ElevenAPI have separate price tabs. Prices exclude taxes.
Can you build a business on top of AI voice?
Yes, and some small ones have verified revenue. These businesses in our data sell AI video, voiceover or AI agents, the kind of work ElevenLabs-style voice models power. We don't know which voice provider each one uses.
| Business | Verified MRR |
|---|---|
| Vid.AI Turns an idea or script into ready-to-post AI videos for creators. | $47,000 TrustMRR, Oct 27 2026 |
| White Glove Content Subscription faceless-video studio: scripts, AI voiceover, editing, thumbnails. | $65,900 TrustMRR, Oct 23 2026 |
| AutoSubtitles A $9/mo AI captions tool: from launch to $3.4k MRR in about seven months. | $3,400 TrustMRR, Oct 28 2026 |
| Chatbase No-code AI agents for customer support and sales. | $864,000 last verified Jul 31 2026, since removed from TrustMRR |
| Adelante A managed AI support agent for Shopify brands: "we set it up, then we run it". | $17,800 TrustMRR, Oct 28 2026 |
More: AI SaaS ideas with real revenue, how to start an AI agency and how much money you can make with AI.
More AI revenue breakdowns
Other famous AI tools (reported figures): how much Cursor makes, how much Lovable makes how much Perplexity makes and, for AI video, how much Higgsfield makes, how much Meshy makes (AI 3D). Verified with payment data: Chatbase, SEObot and MagicSlides, plus a faceless video studio built on AI voices: how much White Glove Content makes. Data: leaderboard and AI business revenue statistics.
Compare every AI company we cover: how much do AI companies make? (verified and reported revenue, side by side).
FAQ
How much does ElevenLabs make?
About $600 million in annual recurring revenue (ARR), according to CEO Mati Staniszewski in a TechCrunch interview (Sep 24, 2026) and to CNBC-TV18 (Oct 6, 2026). That is a reported figure from the company, not verified revenue.
What was ElevenLabs revenue in 2025?
Reports differ slightly. The CEO told Bloomberg it crossed $330M ARR (TechCrunch, Jan 13, 2026). ElevenLabs' own blog later said it ended 2025 with $350M ARR (May 5, 2026). So the end-of-2025 figure was between $330M and $350M ARR, both company-reported.
How fast is ElevenLabs growing?
The CEO said it took 20 months to reach $100M ARR, 10 more months to reach $200M and five more to pass $330M (TechCrunch, Jan 13, 2026). It then reported over $500M by May 2026 and $600M by September 2026. All are company-reported run rates.
How much does ElevenLabs cost?
On Oct 21, 2026, elevenlabs.io/pricing (ElevenCreative, monthly) listed Free ($0, 10k credits), Starter ($6), Creator ($22, first month $11), Pro ($99), Scale ($299, 3 seats), Business ($990, 10 seats) and custom Enterprise pricing. Agents and the API have their own price tabs.
Who pays ElevenLabs?
Mostly large companies now. The CEO said 55%+ of ARR is enterprise and much of the rest is small businesses, developers and creators (TechCrunch, Sep 24, 2026). He told CNBC-TV18 that India is now its second-largest market after the US.
Is ElevenLabs revenue verified?
No. ElevenLabs is private and does not publish processor-verified revenue. Every figure on this page is reported by the company or the press, and we label it that way. Verified AI businesses are on our leaderboard.
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