1Password Surpasses $500 Million in Annual Revenue
The Canadian identity security firm says its recurring revenue has crossed the milestone as demand for AI agent security grows.
Updated on Nov. 2, 2026 in Cybersecurity
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1Password has surpassed $500 million in annual recurring revenue, serving more than 200,000 businesses and 85 percent of the Forbes AI 50. The company is also building credential controls for personal AI agents through 1Password for Agents.
Why it matters
Organizations are looking to secure AI agents and the workflows they run, which the company attributes as a partial driver of its growth. The product lets users approve agent sign-ins without handing passwords to the AI model itself.
Monthly active human users of 1Password's developer and AI security tools grew 200 percent year over year, while monthly active non-human identities grew 500 percent. Customers adopting these tools grow ARR roughly five times faster than other customers.
The players
1Password
A Toronto-based identity security company that makes password and credential management software for businesses and individuals, with products aimed at both human users and AI agents.
The details
Business customers account for more than 75 percent of total ARR. When an AI agent needs to sign in to a service, it identifies itself to 1Password and requests a stored credential, which the user approves on their own device before 1Password fills it directly into the sign-in form without exposing it to the model.
Timeline
Through the first three quarters of fiscal 2026, net new ARR grew approximately 60 percent.
In Q3 of fiscal 2026, net new ARR grew approximately 90 percent year over year.
The milestone was reported on November 2, 2026.
The Tech Race
The growth of 1Password's developer and AI security tools reflects a broader push by identity firms to extend password management from human logins to autonomous software agents. The company's expansion of integrations with personal AI agent providers places it in direct competition with other security vendors racing to govern non-human access.
Individuals using personal AI agents can approve account access without supplying passwords directly to the agent. Integrations with personal AI agent providers are already available for some services, with others still in development.
The takeaway
Granting AI agents access to accounts does not require sharing passwords with them, since approval can happen on a user's own device. Anyone adopting AI agents should look for credential tools that keep secrets away from the model itself.
Further reading
Explore more Cybersecurity coverage on how companies are protecting AI agents and their login credentials.
Source note: This article includes information reported by Biometric Update.
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