Anduril CEO Brian Schimpf on $1B+ Revenue & Still Doubling

Video Description

Full Interview: Brian Schimpf, Co-Founder and CEO of Anduril, joins Sourcery to discuss the company’s scale, strategy, and position in the defense market. He outlines Anduril’s growth to roughly 7,000 employees, $1B+ in revenue with continued YoY doubling, and a reported $30.5B valuation (too low?), while addressing IPO speculation & these wild “fake SPVs.” The conversation covers geopolitical instability, production constraints in the U.S. defense industrial base, and how the nearly $1 trillion defense budget is actually allocated to personnel, infrastructure, and sustainment, rather than new procurement. Schimpf draws on leadership lessons from Palantir, highlighting creativity, high agency (“Artisty & Meritocracy’), and long-term alignment with military needs. Schimpf also explains Anduril’s expansion from early autonomous systems into a portfolio spanning autonomous aircraft, cruise missiles, electronic warfare, and networked sensing and command platforms, enabled by a shared software and hardware foundation built around Lattice. Emphasizing the company’s focus on a distributed, autonomous battlefield and the ability to rapidly field new capabilities. FWIW: Spending time on Anduril’s campus ahead of the final interview of the day offered such a strong view into the scale and complexity of the organization Brian is leading. Walking through the facility and meeting with the founding team made the scope of Anduril’s operations very real, but also highlighted just how complementary their skill sets are and how that translates into execution at scale. And with that, I have concluded that given the company’s growth, momentum, & market position.. Anduril may still be undervalued. Brian Schimpf: https://x.com/SchimpfBrian Molly O’Shea: https://x.com/MollySOShea Sourcery: ⁠https://x.com/sourceryy 𝐄𝐏𝐈𝐒𝐎𝐃𝐄 𝐋𝐈𝐍𝐊𝐒 Apple Podcasts: https://podcasts.apple.com/in/podcast/full-interview-anduril-ceo-brian-schimpf-on-%241b-revenue/id1738124704?i=1000741520331 Spotify: https://open.spotify.com/episode/3RvA8djwoG1x8rBOg7ee7v?si=JJq3yekGS7Wlvn-ChDoidA 𝐒𝐏𝐎𝐍𝐒𝐎𝐑𝐒 • Brex—The modern finance platform, combining the world’s smartest corporate card with integrated expense management, banking, bill pay, & travel. https://brex.com/sourcery • Turing—Turing delivers top-tier talent, data, and tools to help AI labs improve model performance—and enables enterprises to turn those models into powerful, production-ready systems. https://turing.com/sourcery • Carta—Carta connects founders, investors, and limited partners through software purpose-built for private capital. Trusted by 65,000+ companies in 160+ countries, Carta’s platform of software & services lays the groundwork so you can build, invest, and scale with confidence. https://carta.com/sourcery/?utm_medium=newsletter&utm_source=sourcery&utm_campaign=20250923-amer-carta_sourcery_data_insights • Public–Investing platform Public just launched Generated Assets, which lets you turn any idea into an investable index with AI. With Generated Assets, you can build, backtest, refine, and invest in any thesis with AI. Gone are the days of one-size-fits-all ETFs. https://public.com/sourcery Follow Sourcery for the latest updates! https://www.sourcery.vc/ Disclosure Paid Endorsement. Brokerage services by Open to the Public Investing Inc, member FINRA & SIPC. Advisory services by Public Advisors LLC, SEC-registered adviser. Crypto trading provided by Zero Hash LLC, licensed by the NYSDFS. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time. – 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Brian Schimpf, CEO Anduril (01:32) Anduril’s scale today: $30B+ valuation, 7,000 employees, revenue doubling past $1B+ (02:20) Favorite product: Fury, the autonomous fighter jet (03:55) How Anduril expanded from drones to missiles, aircraft, and Arsenal-1 (05:40) Market timing: why 3–5 year conviction beats 10-year moonshots (07:45) Lattice software and building a unified autonomous battlefield stack (09:25) Fixed-price contracts vs. legacy cost-plus defense procurement (11:20) Secretary Hegseth’s shift: speed, production, & affordability over perfection (13:05) Where the nearly $1T defense budget actually goes (17:25) Australia’s Ghost Shark program & rapid autonomous submarine production (19:45) Global defense backlogs & why allies are rethinking procurement (22:00) Manufacturing at scale: WWII lessons vs. modern “Galapagos” defense industry (25:55) Leadership lessons from Palantir: talent, artistry, and meritocracy (30:15) IPO rumors, fake SPVs, + is Anduril undervalued?!