Ripple CEO Projects $1 Billion Annual Revenue Run Rate by End of 2026
Brad Garlinghouse has stated that Ripple is on pace for a record year, with revenue expected to more than double and the company targeting a $1 billion annualized revenue run rate by the close of 2026. The projection was made in the context of what Garlinghouse himself characterized as a bear market for crypto. This figure does not include the value of XRP held on Ripple's balance sheet.
Ripple CEO Brad Garlinghouse has publicly disclosed that the company is tracking toward a record year financially, with revenue expected to more than double compared to prior periods. The milestone being targeted is a $1 billion annualized revenue run rate by the end of 2026, a figure Garlinghouse emphasized excludes any valuation of XRP holdings on Ripple's balance sheet.
The disclosure is notable because Garlinghouse made the comments while describing the current environment as a bear market for crypto. Achieving that level of revenue growth during a period of broad market weakness would represent a significant operating milestone for the company.
The $1 billion run rate target, if reached, would mark a substantial step in Ripple's positioning as an enterprise-grade financial infrastructure business. The separation of this revenue figure from XRP balance sheet value suggests Garlinghouse is emphasizing core business operations rather than asset appreciation.
No specific breakdown of revenue sources was included in the available information, though Ripple's primary revenue streams have historically included On-Demand Liquidity services, software licensing, and custody-related products.
Key facts
- •Brad Garlinghouse says Ripple is on pace for a record year in 2026
- •Revenue is expected to more than double year over year
- •Ripple is targeting a $1 billion annualized revenue run rate by end of 2026
- •The $1 billion figure excludes the value of XRP held on Ripple's balance sheet
- •Garlinghouse characterized the current environment as a bear market for crypto