ATLAS
PRIV-MIDJ

Midjourney

PrivateWatchlist Only
Consumer AI applications·US·San Francisco, CA

Business overview

Direct AI revenue

Bootstrapped image generation pioneer with subscription monetization.

Profitable consumer AI rarity; capital-efficient and design-led, but Sora/Imagen pressure rises.

Products
  • Image gen
  • Video (in development)
Customers (1)
  • Creators
Competitors (2)

Composite score

Higher = stronger overall research case

59
Fundamental79
Technical50
Valuation60
AI relevance45
Risk-adjusted (higher = safer)41
Segment-relative fundamental percentile: 100

Financial summary

Curated, illustrative

Revenue
$350.00M
Growth (YoY)
50.0%
Gross margin
65.0%
Operating margin
40.0%
FCF
$140.00M
Capex
$35.00M
Net cash / (debt)
$0.00
ROIC
30.0%
Customer conc.
Medium

Valuation

Market cap
$4.50B
Enterprise value
$4.50B
P/E (TTM)
Forward P/E
EV / Sales
EV / EBITDA
P / FCF
PEG
Rule of 40

Risks

Severity 1 (low) to 5 (severe)

  • 4
    Frontier lab disruption

Score components

What drove the composite

Growth98
Profitability94
Cash generation97
Balance sheet78
Moat / AI relevance48
Capital intensity (higher = lighter)60
Customer diversification60
Valuation discipline (dilution)42
Trend (MA50/MA200)50
Momentum (3/6/12m)50
Relative strength50
Realized vol (higher = lower vol)50