Cognition says Devin hit $1B annualized revenue run rate

25 Sep 2026 (ET): Cognition said it crossed a $1 billion annualized revenue run rate. The company credits Devin working beside engineering teams at named customers including GE Aerospace, Rivian, Rohlik, and Exa.

FINANCE desk — companies buy software labor when they pay for an agent that writes code beside their own engineers, instead of only hiring another person. Annualized revenue run rate is a pace: take a recent stretch of revenue and stretch that pace to a year. Booked revenue is money the accounting rules already count. Cognition’s post says the pace crossed $1 billion less than two years after Devin became generally available, and it does not publish the booked total or the formula behind the pace.

How the company says it started. The post says Cognition started in January 2024 “because the world needs far more software than it can build.” It says every company is now a software company, from banks to automakers to governments, and every one of them has more to build than time to build it. January 2024 is the founding line on this page. The post does not print a city, a headcount, or a founder’s name. Do not invent them.

What Devin is on this page, and the clock. Devin is Cognition’s AI software engineer, the product that works alongside engineering teams. An AI software engineer, here, is software that writes and edits code next to the people already on the team, rather than a person hired into a seat. That gloss is this desk’s. The post says the milestone is less than two years after Devin became generally available. Generally available means a customer can buy it, not only join a private preview. That gloss is this desk’s. Less than two years is the company’s clock. The page does not print the general-availability date. Do not invent the day.

Who the post names. “Devin works alongside engineering teams at GE Aerospace, Rivian, Rohlik, Exa, and many more.” Those four names, and the phrase and many more, are the post’s. The next sentence says the company asked a few of them to share what that looks like day to day. Under that sentence the page embeds a Vimeo player, video 1230249272, titled the same as the post. This desk did not treat the video as a second set of figures, and it does not quote a customer line the HTML does not print. The four names are examples. They are not a full customer list, and they are not a dollar split.

What the rest of the post says, and what it leaves out. After the video, the post says “This milestone belongs to them” and thanks every customer who has brought Devin on as a trusted part of their team. The last line is “Our goal is a world where software is good by default, delightful, and everywhere.” The post does not publish GAAP revenue, a method for how the run rate was counted, a valuation, a price, or a share of revenue by customer. The phrase to use is the company’s own: annualized revenue run rate. Do not file $1 billion as audited revenue or as a valuation.

What the card shows. The card is Cognition’s official cover for this post, the file at https://cognition.com/images/1b-run-rate/cover.jpg. A pale paper field carries a rising hatched chart. It is the company’s cover, not a photograph of an office and not a sheet of customer logos. No desk date is laid over the card. The catalog chip is FINANCE.

Plain English for the rest of the card. Cognition, the company that makes Devin, said its annualized revenue run rate crossed $1 billion. That is a claimed pace of revenue, stretched to a year. It is not a published profit, and it is not the official booked total. The company says it started in January 2024, and that this mark comes less than two years after customers could buy Devin. It names GE Aerospace, Rivian, Rohlik, and Exa as teams where Devin works beside engineers, and it says there are many more. The post does not show the formula.

PRIMARY here: Cognition’s 25 Sep 2026 blog post, “Cognition Crosses $1B in Annualized Revenue Run Rate,” by The Cognition Team, dated 09.25.26 — Tier A PRIMARY, the company’s own page. STATUS PRIMARY. The desk label on the chip is CONFIRMED because that is the catalog word for a primary page we can stand on. The $1B annualized revenue run rate sentence, the January 2024 start, the banks-to-governments sentence, less than two years after general availability, the four named customers and many more, the thank-you, and the closing goal line are that post’s. The Vimeo embed is on the page. This desk did not quote it. NOT claimed: GAAP revenue, a recognition method, a valuation, a general-availability calendar date, a customer dollar split, a headcount, a city, a founder name on this page, a stock tip, or investment advice. The card is the official cover. Distinct from the already-filed nscale-pre-ipo-336b, overlord-labs-10m-seed, and jobber-mcp-chatgpt-claude. The catalog chip is FINANCE, not SIGNAL.