Is Moodle profitable in 2026?

Moodle is privately held and does not disclose financials. Third-party revenue estimates conflict wildly, from roughly $3M to $66M, but these come from data-scraping aggregators and are treated as unverified. No independent profitability figure exists as of 2026.

Is Moodle losing market share to Canvas?

Yes. As of April 2025, Canvas held about 50% of US higher-ed LMS share versus Moodle's roughly 9%, per OneDTech. A 2026 ListEdTech report put Moodle at 12-16% among the big four, still far behind KKR-backed Canvas.

Moodle is privately held. Founder Martin Dougiamas remains Chairman after stepping down as CEO; Scott Anderberg became CEO in February 2024 after Dougiamas's 24-year run, per Moodle's own November 2024 announcement.

Could AI replace Moodle's workplace training product?

Partially already happening at the task level: Moodle's own January 2025 survey found over 50% of US employees use AI to complete assigned workplace training, and 12% use AI to finish entire modules, per Moodle's self-reported data.

Who is Moodle's biggest competitor?

Instructure's Canvas, acquired by KKR in 2024 at a reported $4.8B valuation, is Moodle's largest threat, holding about 50% of US higher-ed LMS share versus Moodle's roughly 9% as of April 2025, per OneDTech's market report.

Does Moodle have security vulnerabilities?

Yes. Three high-severity CVEs, CVE-2025-3641, CVE-2025-3642, and CVE-2025-3625, were disclosed and patched in April 2025, a recurring risk given Moodle's scale and open-source codebase, per CB Insights reporting.

Education companies · Australia

Moodle

moodle.com ↗

Open-source LMS used by schools and companies to run online courses and training.

Defensible for now

Assessed 22 July 2026 · Evidence as of 22 July 2026

Real protection, with named pressure against it.

On the recordSince 22 July 2026 · Checkable from mid-2026 · Every call on the record Checkpoint: FedRAMP full authorization decision, which could open US government contracts

The call

Moodle keeps its grip where self-hosting and data sovereignty matter, but it is being squeezed out of the two biggest paying markets by Canvas, Google, and AI shortcuts that let people skip the courses entirely.

Moodle is free software that schools use to teach classes online. It has hundreds of millions of users worldwide and is especially popular in Europe and with governments because schools can run it themselves on their own computers instead of relying on a company. However, in the United States, Moodle has lost ground quickly to Canvas, a paid platform owned by a large investment firm, and to Google Classroom, which is free and easier to use. The company faces a real threat because artificial intelligence can now help students complete training courses automatically, which makes Moodle less necessary. The key question is whether Moodle can hold onto its strength in Europe and government markets as Canvas and Google push into those areas, or whether the weakness in the US will eventually spread globally.

Why

AI pressure: AI tools letting students and workers auto-complete training modules. Moodle's own 2025 survey found over half of US workers use AI to finish assigned training, hollowing out the value of the courses it hosts. Could AI do the core job? Unlikely.

Bigger players: Instructure Canvas (KKR-backed) and Google Classroom. Canvas now holds 41-50% of US higher ed and Google Classroom anchors a trio with 75% of US K-12, squeezing Moodle to single digits. Could a giant copy it? No, they are blocked.

What protects it. Free, self-hostable, open-source code gives it over 50% share in Europe, Latin America, and Oceania where governments want data kept in-country.

What would change this call

Moodle's FedRAMP full authorization outcome, expected mid-2026. Would show whether Moodle can open new US government revenue to offset losses.
Late-2026 ListEdTech/OneDTech reports on US K-12 and higher-ed LMS share. Would show if Moodle's US decline is stabilizing or still accelerating.
Canvas or D2L launching an on-prem or sovereignty-hosted product tier. Would show Moodle's Europe/LatAm/government moat is being directly targeted.

Key numbers

220M-300M+ registered users worldwide (Nov 2025)
US K-12 share fell 18.7% to ~7% (May 2026)
US higher ed share ~9-16% vs Canvas ~50% (Jan 2026)

Named risks

Sustained US K-12 and higher-ed share erosion to Canvas, Google Classroom, D2L. Severity: high
Recurring high-severity CVEs in open-source codebase (3 patched April 2025). Severity: medium
Opaque, conflicting revenue data limits investor and market confidence. Severity: low
AI tools already substituting for workplace training completion, per Moodle's own survey. Severity: medium
KKR-backed Canvas could extend into sovereignty or self-host tiers, eroding Moodle's core moat. Severity: high

Rivals, as read in July 2026

Rival	Direction	Evidence
Canvas (Instructure)	losing to	Canvas held ~50% US higher-ed share vs Moodle's ~9%, April 2025
Google Classroom	losing to	Part of trio controlling ~75% of K-12 LMS market as Moodle fell to 7%, May 2026
PowerSchool Schoology	losing to	Holds ~19% US K-12 share vs Moodle's ~7%, May 2026
D2L Brightspace	losing to	D2L held ~20% US higher-ed share vs Moodle's ~9-16%, 2025-2026
Open LMS (LTG-owned)	contesting	Moodle-based commercial reseller with overlapping customer base

Questions people ask

Is Moodle profitable in 2026?: Moodle is privately held and does not disclose financials. Third-party revenue estimates conflict wildly, from roughly $3M to $66M, but these come from data-scraping aggregators and are treated as unverified. No independent profitability figure exists as of 2026.
Is Moodle losing market share to Canvas?: Yes. As of April 2025, Canvas held about 50% of US higher-ed LMS share versus Moodle's roughly 9%, per OneDTech. A 2026 ListEdTech report put Moodle at 12-16% among the big four, still far behind KKR-backed Canvas.
Who owns Moodle?: Moodle is privately held. Founder Martin Dougiamas remains Chairman after stepping down as CEO; Scott Anderberg became CEO in February 2024 after Dougiamas's 24-year run, per Moodle's own November 2024 announcement.
Could AI replace Moodle's workplace training product?: Partially already happening at the task level: Moodle's own January 2025 survey found over 50% of US employees use AI to complete assigned workplace training, and 12% use AI to finish entire modules, per Moodle's self-reported data.
Who is Moodle's biggest competitor?: Instructure's Canvas, acquired by KKR in 2024 at a reported $4.8B valuation, is Moodle's largest threat, holding about 50% of US higher-ed LMS share versus Moodle's roughly 9% as of April 2025, per OneDTech's market report.
Does Moodle have security vulnerabilities?: Yes. Three high-severity CVEs, CVE-2025-3641, CVE-2025-3642, and CVE-2025-3625, were disclosed and patched in April 2025, a recurring risk given Moodle's scale and open-source codebase, per CB Insights reporting.

Timeline

2026-05-20US K-12 LMS report shows Moodle share fell to about 7%, down from 18.7% in 2017
2026-05Moodle for Government reaches FedRAMP Ready status, targeting US public sector
2026-03-03Moodle's LinkedIn page self-reports 469 employees globally
2026-01-23ListEdTech report places Moodle at 12-16% of North American higher-ed LMS market
2025-07-25Moodle recertified as B Corp, B Impact score rises from 81.6 to 111 since 2021
2025-04-27Three high-severity CVEs (3641, 3642, 3625) disclosed and patched
2025-04-14OneDTech report puts Moodle at ~9% US higher-ed share versus Canvas 50%
2025-01-30Moodle survey finds over 50% of US employees use AI to complete workplace training
2024-11-25Moodle publicly confirms Scott Anderberg as new CEO, Dougiamas stays Chairman
2024-02Scott Anderberg becomes CEO, succeeding founder Dougiamas after 24 years

Revision history

22 July 2026

First assessed. Defensible for now. The text above is fixed as of this date and is not edited afterwards.

In the same band

Duolingo Curriculum Associates Physics Wallah