Miro Revenue 2026: $600M ARR Before Its $1.355B Sale to Bending Spoons

Miro's annual recurring revenue reached about $600 million as of September 2026 — the figure behind Bending Spoons' $1.355 billion deal to acquire it.

Bending Spoons disclosed in a September 10, 2026 SEC filing that it had signed a definitive agreement to acquire Miro, the online whiteboard and visual collaboration company, in an all-cash deal at a $1.355 billion enterprise value. Bending Spoons CEO Luca Ferrari cited Miro's roughly $600 million in ARR, with nearly 90% of it coming from business and enterprise customers, as the scale that made the deal attractive. The transaction is expected to close in the fourth quarter of 2026, subject to regulatory approval.

Miro Revenue 2026: The $600M ARR Figure

Miro has not published audited financial statements, but the $600 million ARR figure comes directly from the companies' joint disclosure of the acquisition, not a third-party estimate. Miro CEO Andrey Khusid said in the same filing that "nearly 4 million paying users" depend on the platform, including "more than 750 customers with over $100,000 in annual recurring revenue" — a detail that shows how much of Miro's growth now comes from large accounts rather than small teams.

Source: Bending Spoons SEC Form 6-K exhibit, filed September 10, 2026.

How Does Miro Make Money?

Miro runs a freemium, per-seat subscription model: individuals and small teams can use a free tier of its visual whiteboard, while paid plans add storage, integrations, security controls and — in its enterprise tiers — governance and AI-assisted features aimed at large organizations. The company's own growth strategy has leaned on expanding within an account over time: a single team adopts Miro for a workshop or sprint planning, and the product then spreads department by department until the account becomes an enterprise contract. That land-and-expand dynamic is the direct explanation for why business and enterprise customers now generate nearly 90% of Miro's ARR, rather than the free or small-team tiers the product is often associated with.

The $1.355B Deal: What Bending Spoons Is Actually Buying

Bending Spoons (NASDAQ: BSP), the Italian technology holding company known for acquiring and operating established consumer and business software brands — including Evernote, Meetup and WeTransfer — is adding Miro as its largest deal to date by revenue. Miro CEO Andrey Khusid framed the deal on the company's own blog as "building for the long term," pointing to the capital and operating support a larger parent can provide. The structure is entirely cash: Bending Spoons will acquire 100% of Miro's issued and outstanding shares, and certain Miro shareholders separately agreed to reinvest $295 million of their proceeds into newly issued Bending Spoons equity, giving them continued upside in the combined company. Both companies' boards unanimously approved the agreement, which still needs to clear regulatory approvals before it closes.

Is Miro Profitable?

Neither company has disclosed Miro's profitability. Bending Spoons' own public reputation is built on buying software companies with large, sticky user bases and running them for cash flow rather than chasing additional growth capital — a profile that fits a 90%-enterprise, $600 million ARR business more than a loss-making growth story. But without an audited income statement, Miro's actual margins, operating costs or net income remain undisclosed, and the acquisition price itself — roughly 2.3x ARR on the $1.355 billion enterprise value — is consistent with either a modestly profitable or a roughly breakeven SaaS business at this scale, not conclusive evidence of either.

Miro's Deal Terms at a Glance

How we counted: figures disclosed by Bending Spoons and Miro in the SEC Form 6-K exhibit filed September 10, 2026; as of that filing date.

What the Headline Misses

A $1.355 billion deal reads as a clean win, but Miro's own valuation history complicates that framing: the company was reportedly valued well above $1 billion in private funding rounds during the 2021 software boom, and multiple outlets have described this sale as a markdown from that peak rather than a straightforward growth exit. Neither company's filing addresses that prior valuation directly, so readers comparing today's $1.355 billion enterprise value to Miro's earlier private price tag should treat that comparison as directional, not an exact like-for-like figure, since the earlier number came from a private funding round rather than a disclosed, audited deal.