Databricks obtains $1.8 billion in additional debt ahead of IPO
Ali Ghodsi, co-founder and CEO of Databricks.
data bricks
Data analytics software company Databricks has taken on $1.8 billion in new debt, a person familiar with the matter told CNBC.
Databricks currently has over $7 billion in debt, the person added. The company declined to comment.
Databricks, along with Anthropic, Canva, OpenAI and Stripe, are among the highly valuable technology companies preparing to go public in 2026. Databricks co-founder and CEO Ali Ghodsi told CNBC in December that he would not rule out an initial public offering this year.
In December, Databricks announced revenue of over $4 billion at a $134 billion valuation. The company said it generated $4.8 billion in revenue, growing by over 55% on an annual basis. Databricks also said it had positive free cash flow last year.
Subscription gross margin in fiscal 2025 is over 80%, the company said in its investor briefing in June.
Founded in 2013, Databricks received the third-highest ranking on CNBC’s 2025 Disruptor 50 list of private companies.
Bloomberg We have previously reported the financing details.
WRISTWATCH: Databricks CEO Ali Ghodsi: We will not rule out the possibility of going public in 2026
