Pyth Subscription ARR Reaches $13.67 Million After 18.9% Growth in October
Key Facts
Paid subscription annual recurring revenue at Pyth reached $13.67 million at the end of October, compared with $11.49 million in September, a month-on-month increase of 18.9%, according to the network’s October 2026 report. The figure reflects the annualized value of subscriptions at month-end, not cash collected during October alone. Pyth said gross new annualized revenue added during the month reached $2.49 million. After accounting for net additions, net new annualized revenue was $2.17 million. The report thus presents a picture of the network’s commercial growth through subscriptions, showing expansion in existing accounts alongside new revenue.
Expansion in existing accounts accounted for 44.6% of total gross new annualized revenue added in October, according to the report, pointing to existing customers’ contribution to subscription growth during the month. The self-serve service through Pyth Terminal also recorded $725,000 in new annualized revenue. The number of accounts paying for the service stood at 332 at the end of October. These indicators distinguish the value of annualized subscriptions added from the number of accounts using the paid service. The report did not attribute revenue growth solely to an increase in Terminal visitors, presenting usage and acquisition figures alongside subscription revenue and its sources.
Pyth Terminal recorded about 124,705 unique visitors in October, up 19% month on month, while registrations and account creations totaled 4,451, up 37%. Feed-view events on the platform reached 591,621 during the month. Pyth Indices feeds accounted for about 482,177 of those events, the largest share of total recorded feed views. Pyth Indices generated $2.88 million in annual recurring revenue from 21 customers. The figures combine growth in overall platform usage with the commercial presence of the indices product, without implying that views alone explain subscription revenue.
Pyth Indices expanded its stable feed catalog from 50 in September to 77 in October, after 27 feeds reached stable status for the first time during the month. These figures cover the Pyth Indices catalog, not the total number of Pyth data feeds. The expansion added 9 equity and exchange-traded fund indices, along with feeds for U.S. Treasury prices. The group included 14 fixed-maturity yield feeds across 7 tenors. The Treasury curve publishes on-the-run yields and discount factors for maturities ranging from 2 to 30 years during European and U.S. trading hours.
In the Pyth Pro catalog, the number of listed symbols reached 3,927 at the end of October, and the report recorded 114 feed identifiers for the first time during the month. Four feeds for Korean equities also began publishing during the post-market session on trading days, including feeds for SK Hynix and Samsung Electronics. The October report also made corporate action records available for supported U.S. equities through the Pyth Intelligence API. The records cover cash dividends and stock splits, and the data are sourced from Exchange Data International. In September, Pyth had announced approval to distribute Nasdaq Basic, a product for real-time U.S. equity quotes and trades, through its data marketplace.
On development, Pyth said Exa is testing the use of its data as a market data layer for agent-based research, describing the collaboration as still in an early testing phase. The report places the test among the market data use cases the network is working to make available, without announcing a final result or commercial launch date. Separately from subscription revenue, the October Strategic Reserve report said the Pythian Council bought 15,110,488.30 PYTH tokens during the month and sold none of its accumulated tokens. The token closed at $0.06257 on November 5, according to EL7 data. The figures show two separate tracks in the reports: the performance of Pyth product subscriptions during October, and reserve purchases, alongside the token price in a later session.