Is Celonis profitable in 2026?

Celonis does not disclose audited financials as a private company. Revenue estimates conflict wildly across trackers, ranging from roughly $380M to $771M, with no confirmed profitability figure. As of July 2026, Celonis remains privately held with no public earnings disclosure.

Could AI replace Celonis?

Celonis positions itself as the 'context layer' AI agents need rather than something AI replaces. It launched the Context Model in May 2026, became a Microsoft Agent 365 launch partner in private preview from May 1, 2026, and integrates with Bedrock, Copilot Studio and Agentforce.

Who is Celonis's biggest competitor?

SAP, via its Signavio product acquired in March 2021, is Celonis's closest rival because SAP owns the ERP data Celonis mines. The two are in active antitrust litigation in N.D. California (Case 3:25-cv-02519-VC), with trial set for December 7, 2026.

Is Celonis planning an IPO?

As of May 2025, Handelsblatt reported Celonis was 'considering' a future IPO with no timeline set. No S-1 filing has occurred as of July 2026. Nasdaq Private Market estimated Celonis's value around $13B (per-share $228.94) in a July 2026 pre-IPO market estimate.

What is Celonis's current valuation?

Celonis's last confirmed primary-round valuation was about $13B, set in August 2022 via a $400M Series D extension led by Qatar Investment Authority plus a $600M credit facility. Nasdaq Private Market's July 20, 2026 secondary-market estimate also placed the value near $13B.

Is Celonis being sued by SAP?

Yes. Celonis and SAP are litigating in N.D. California (Case 3:25-cv-02519-VC) over data access and antitrust claims. A July 2, 2025 split ruling let core monopolization claims proceed, trial is set for December 7, 2026, and SAP filed a counterclaim in March 2026.

Germany · Germany

Celonis

Celonis mines ERP and CRM data to find and fix broken business processes.

Losing its protection

Assessed 29 July 2026 · Evidence as of 29 July 2026

The structural protection is eroding.

On the recordSince 29 July 2026 · Checkable from December 7, 2026 · Every call on the record Checkpoint: SAP antitrust trial verdict on data-access restrictions (N.D. Cal. Case 3:25-cv-02519-VC)

The call

Celonis stays useful as long as it can read SAP's data; a December 2026 court ruling decides how long that stays true.

Celonis sells software that watches how companies actually run their operations and spots where things are slow or wasteful. The company has built real advantages: it works with data from many different systems, not just one company's software, and 1,400+ major businesses pay for it. But SAP, which controls the data Celonis depends on and already competes with its own similar product called Signavio, is taking Celonis to court over data access rights, with a trial scheduled for December 2026. The biggest risk is that SAP or Microsoft could bundle process-mining features directly into their own software, making customers less likely to pay for Celonis when their subscriptions renew.

Why

AI pressure: None apparent. AI agents from Microsoft and others plug into Celonis as a data layer rather than replacing it, for now. Could AI do the core job? Unlikely.

Bigger players: SAP (Signavio). SAP owns the ERP data Celonis reads and sells its own process-mining tool, Signavio, while suing Celonis over data access. Could a giant copy it? Probably.

What protects it. Deep, multi-year integrations into 1,400+ enterprise workflows make Celonis hard to rip out even if SAP tightens data access.

What would change this call

SAP antitrust trial verdict in N.D. Cal. Case 3:25-cv-02519-VC on December 7, 2026. Determines whether Celonis keeps data access needed to serve SAP-based customers.
Reports of SAP customers switching to Signavio at contract renewal in 2026-2027. Would show SAP's bundled offering displacing Celonis in its core base.
Microsoft Agent 365 general availability and whether Celonis retains featured-partner status. Shows whether Celonis keeps favorable distribution or gets squeezed by Power Automate Process Mining.

Key numbers

1,400+ enterprise customers (2026)
>25% of Fortune 500 use Celonis (2025-09-15)
3,000+ employees (2024-2025)

Named risks

SAP antitrust trial (Dec 7, 2026) could restrict Celonis's access to SAP ERP data. Severity: high
SAP and Microsoft bundling native process-mining into ERP and Power Platform licenses, narrowing specialist need. Severity: medium
Revenue and valuation figures conflict wildly across trackers with no audited disclosure. Severity: medium
No confirmed IPO timeline despite years of speculation, leaving liquidity path uncertain. Severity: low

Rivals, as read in July 2026

Rival	Direction	Evidence
SAP (Signavio)	contesting	Antitrust trial over ERP data access set for Dec 7, 2026 in N.D. Cal.
Microsoft (Power Automate Process Mining)	contesting	Native process-mining bundled into Power Platform while Microsoft also partners with Celonis via Agent 365, May 2026
UiPath Process Mining	contesting	Built on 2019 ProcessGold acquisition, bundled with UiPath's RPA platform
IBM Process Mining	contesting	Rebranded from myInvenio, acquired by IBM in 2021, sold as ERP-adjacent suite feature

Questions people ask

Is Celonis profitable in 2026?: Celonis does not disclose audited financials as a private company. Revenue estimates conflict wildly across trackers, ranging from roughly $380M to $771M, with no confirmed profitability figure. As of July 2026, Celonis remains privately held with no public earnings disclosure.
Could AI replace Celonis?: Celonis positions itself as the 'context layer' AI agents need rather than something AI replaces. It launched the Context Model in May 2026, became a Microsoft Agent 365 launch partner in private preview from May 1, 2026, and integrates with Bedrock, Copilot Studio and Agentforce.
Who is Celonis's biggest competitor?: SAP, via its Signavio product acquired in March 2021, is Celonis's closest rival because SAP owns the ERP data Celonis mines. The two are in active antitrust litigation in N.D. California (Case 3:25-cv-02519-VC), with trial set for December 7, 2026.
Is Celonis planning an IPO?: As of May 2025, Handelsblatt reported Celonis was 'considering' a future IPO with no timeline set. No S-1 filing has occurred as of July 2026. Nasdaq Private Market estimated Celonis's value around $13B (per-share $228.94) in a July 2026 pre-IPO market estimate.
What is Celonis's current valuation?: Celonis's last confirmed primary-round valuation was about $13B, set in August 2022 via a $400M Series D extension led by Qatar Investment Authority plus a $600M credit facility. Nasdaq Private Market's July 20, 2026 secondary-market estimate also placed the value near $13B.
Is Celonis being sued by SAP?: Yes. Celonis and SAP are litigating in N.D. California (Case 3:25-cv-02519-VC) over data access and antitrust claims. A July 2, 2025 split ruling let core monopolization claims proceed, trial is set for December 7, 2026, and SAP filed a counterclaim in March 2026.

Timeline

2026-07-09SAP settles unrelated EU antitrust probe on maintenance practices, no fine
2026-05-11Celonis launches Context Model, agrees to acquire Ikigai Labs
2026-04-30Celonis named Microsoft Agent 365 launch partner, private preview begins May 1
2026-03SAP files counterclaim against Celonis in ongoing litigation
2025-11-04Celonis unveils Process Intelligence MCP Server at Celosphere
2025-07-02Judge issues split ruling in Celonis v SAP antitrust case, trial set for Dec 7 2026
2025-05-12Celonis expands AgentC with PI API tying into Copilot Studio, Bedrock, Agentforce
2024-10Celonis launches AgentC AI agent suite at Celosphere
2022-08Series D extension of $400M plus $600M credit facility pushes valuation to $13B
2021-03SAP acquires Signavio, creating a native process-mining rival

Revision history

29 July 2026

First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.

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