1Password ARR Hit $400M

1Password, the identity-security platform trusted by millions, has officially surpassed $400 million in annual recurring revenue (ARR) while remaining free-cash-flow positive, according to the company’s November 2025 press release. 

The business now serves over 180,000 organizations, secures more than 1.3 billion human and machine credentials, and supports more than 1 million developers worldwide. 

At its core, 1Password offers a suite of solutions spanning password management, secrets management, device-trust, and extended access management for both human users and AI-driven agents.

It addresses the critical problem enterprises face when identity sprawl, unmanaged credentials, and shadow IT create security and governance risks, especially as AI enters workflows. With more than 75% of revenue now coming from business customers, the company has shifted from a consumer-focused password manager into a full-fledged enterprise security platform. 

On the corporate front, 1Password has attracted significant investor attention and enterprise leadership ambition: the company’s latest funding round placed its valuation around $6.8 billion, and it has made key C-suite additions in preparation for its next growth phase. 

With a compound annual growth rate (CAGR) reportedly above 70% in enterprise spending, and high gross retention (over 90%), 1Password is positioning itself for a potential public offering while targeting $1 billion ARR in the coming years.