Estimated at $950 million... Handshake AI revenue accounts for 86% of the total

Handshake AI’s AI training-data business was estimated at a $950 million annualized gross revenue run rate as of April 2026, about 86% of the company’s total $1.1 billion annualized gross revenue, according to Sacra. That total marked a 349% increase from $245 million a year earlier, with Handshake’s legacy university recruiting business estimated at $150 million. Sacra estimated annualized net revenue across Handshake at $450 million after excluding payments to contractors, a distinction that matters because gross revenue includes amounts owed to workers. The figures position Handshake’s data-labeling and training operation as its dominant business and a notable private-market AI revenue stream. What to watch next is whether contractor payouts and net revenue scale alongside gross bookings as AI data demand grows.