However, several sources report the following:

• $1 billion: Databricks announced that it exceeded $1 billion in annual recurring revenue (ARR) in August 2022.
• $1.275 billion (estimate): Sacra, a research firm, estimates that Databricks will reach $1.275 billion in ARR by the end of 2022.

It is important to note that ARR is not the same as total revenue, as it represents the value of recurring contracts normalized over a year. It is generally considered a good indicator of a company’s financial performance, especially for subscription-based businesses like Databricks.