LightOn Reports a 54% Revenue Increase in 2025
LightOn, a European player in generative AI for businesses and the public sector, reported an annual revenue of 1.7 million euros in 2025, up 54% from the 2024 fiscal year. This growth comes in a context marked by supply tensions in high-end graphics cards affecting the entire sector.
Revenue Details and Strategic Partnerships
LightOn's revenue reached 1.7 million euros in 2025, a 54% increase compared to the 1.129 million euros achieved in 2024, according to the press release. This growth was primarily driven by sales of Paradigm licenses, marketed since 2024, which nearly tripled to 1.611 million euros from 646,000 euros the previous year. The associated service revenues from Paradigm amounted to 116,000 euros. The 2025 revenue was primarily generated in France. During the fiscal year, key clients such as Europcar International, LBP AM, Sodern, Cyllene, and Afnic adopted the Paradigm solution. A strategic partnership was also formed with Bearing Point to meet the needs of the public sector. In line with the strategy to transition to a SaaS model, sales of Forge services, however, saw a decline, dropping from 455,000 euros in 2024 to 127,000 euros in 2025, with no Forge licenses sold in 2025.
Market Challenges and Adjusted Strategies
The fiscal year 2025 was marked by strong tensions in the high-end graphics card market, generating supply constraints that affected the entire artificial intelligence market. Organizations wishing to have their own sovereign infrastructure hardware, which constitutes the core clientele of LightOn, were particularly impacted by these difficulties, leading to delays in the implementation of some projects. The annual recurring revenue (ARR) stood at 1.9 million euros as of December 31, 2025, growing more moderately than anticipated. This moderation results from delays encountered by some clients waiting for hardware as well as from the sales cycles of Paradigm licenses stretching over several months, in the context of tenders or pilot phases, which led to delays in contract signings. In response to these constraints, LightOn developed alternative solutions using more accessible hardware configurations and launched a simplified implementation hybrid offering that allows clients to keep their data internally while benefiting from computing power on graphics cards operated by LightOn on a sovereign and secure cloud.
Outlook for 2026 and Beyond
For the fiscal year 2026, LightOn anticipates a gradual improvement in hardware access and thus an acceleration of the adoption of generative AI in Europe. The company offers an expanded range covering all types of infrastructure and integrating features such as LightOnOCR-2, which allows for the extraction and structuring of data from large and complex documents. LightOn relies on a leading partner ecosystem, including Oreus, which provides access to the latest generation GPU infrastructures in its Eybens data center in Isère. The company is also developing new strategic geographical relays, particularly in the Middle East where Paradigm is now deployable on data and documents in Arabic. The group anticipates a level of activity growing in the coming quarters and envisages reaching profitability by the end of 2026.
