1Password Surpasses $400M ARR and Scales Global Executive Team

Our journey has reached a new benchmark: surpassing $400 million in annual recurring revenue (ARR). This achievement reflects robust demand for our enterprise-ready password management and identity security platform. According to latest market estimates, our revenue grew from approximately $331 million in 2024 to over $400 million by 2025, a year-on-year growth rate in excess of 20%.

This topline milestone underscores two fundamental drivers: a rapidly accelerating enterprise adoption of identity-driven security and the strategic expansion of our global sales, partner and product initiatives.

Elevating the Executive Team for Global Expansion

To support this scaling momentum, we have strengthened our leadership bench. We recently appointed seasoned industry leaders to key roles including the addition of a President and a Chief Business Officer to standardise our growth playbook across regions and accelerate go-to-market execution.

These strategic hires are anchored in the recognition that identity security is now foundational to enterprise operations. By growing our executive team globally, we are better equipped to lead in a competitive market and support worldwide enterprise customers.

Enterprise Focus: Why Businesses Are Doubling Down on Identity

The security landscape is evolving. Organisations are grappling with larger threat surfaces, hybrid workforces, and the rise of generative AI. In this environment, identity management and privileged access solutions emerge as critical defence layers.

Our platform addresses these challenges by delivering:

• Secure credential storage and sharing across teams and departments.
• Fine-grained access controls for administrators and enterprise vaults.
• Audit-ready visibility into identity and password use across the organisation.
• As more businesses recognise that “identity is the new perimeter”, demand for robust, scalable solutions such as ours has escalated. Over 75 % of our revenue today comes from business customers, emphasising our shift from a consumer-to-enterprise model.

Global Partner Ecosystem & Distribution Acceleration

An important driver of our ARR growth has been the expansion of our partner ecosystem and global distribution channels. We have deepened integrations with major cloud and security vendors, extended our reach through value-added distributors, and strengthened our channel ecosystem.

This multi-pronged partner strategy enables quicker market penetration, flexible deployment options and improved customer acquisition and retention globally. With strong retention metrics and high gross margin business, we are well positioned for sustained performance.

Product Innovation Fueled by AI and Zero-Trust Mindset

Looking ahead, the next phase of growth is anchored in innovation: building out AI-powered identity insights, supporting passkey adoption, and advancing our zero-trust architecture. As the threat landscape evolves toward identity-centric attacks, our vision is clear: to make secure access frictionless for users while giving enterprises the visibility and control they need.

Our product roadmap includes enhanced behavioural analytics, machine-learning-led risk detection and deeper integrations across identity, access and endpoint ecosystems. These investments will further differentiate our solution and drive incremental revenue across both new customers and upsells.

Looking Towards IPO & Long-Term Scale

With our strong ARR footing and global executive team in place, we are actively preparing for the next chapter in our journey - including a potential public listing. Our improved scale, leadership strength and product maturity give us the foundations to compete at the highest level and deliver long-term value for customers, partners and investors.

By focusing relentlessly on enterprise value, operational discipline and global execution, we believe we are well-positioned to lead in identity security and continue accelerating growth.

Key Takeaways and What This Means for Customers & Partners

1. Crossing the $400 M ARR mark is more than a financial milestone — it signals maturity, scale and leadership in a fast-growing category.
2. A stronger global executive team means improved customer success, faster innovation and greater partner enablement.
3. Our enterprise-first strategy aligns with the broader market shift: as identity becomes central to security, organisations are choosing holistic, scalable platforms.
4. Thanks to expanded partnerships and distribution, we are deepening our market reach and delivering better service and value across geographies.
5. Innovation remains a core driver: with AI, zero-trust and passkey-ready architectures among our priorities, customers and partners can expect future-proof solutions.

In sum, our announcement of $400 million ARR, combined with strategic leadership hires and global expansion, marks a strategic inflection point for the company. We are committed to delivering robust identity security solutions, accelerating our go-to-market execution worldwide, and supporting customers and partners as identity becomes the cornerstone of digital trust.

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