What would it take to recreate this?

Cumulative participant hours

Approximately 155 million hours since 2003, with an estimated range of 142–170 million.

Hours before 2023 are modelled, using historical activity and calibration against measured years. They are not a continuous lifetime measurement.

Strategic relevance: real participation provides behavioural evidence that a newly built platform would still need to accumulate.

The cost of building and operating

$230.2 million in 2026 dollars, equivalent to $169.9 million nominal or SEK 1.414 billion, across 2003–2025.

The source uses total operating expenditure. This includes running the business and platform; it is not a pure R&D measure or the price of recreating the technology today. It excludes independently funded Planet Partner development and work before the reporting period.

Inflation-adjusted figures follow MindArk’s September 2026 compilation, using annual exchange rates and a 2026 US CPI index. This is a summary, not a published annual cost schedule.

Strategic relevance: accumulated expenditure demonstrates sustained effort. It does not establish an independently valued replacement cost.

Historical deposits and withdrawals

The difference is $188.9 million. It is not a cash balance or a measure of profit. Deposits enter as participant claims; consumption through the platform’s mechanisms is recognised as revenue. Unconsumed holdings remain distinct from that consumption.

Totals are dated 4 September 2026. The reconciliation below refers separately to 31 December 2025.

The source reports a 1.3% difference between implied consumption and reported net sales. Figures are rounded; the displayed year-end reconciliation must not be applied to the September 2026 totals.

Strategic relevance: an operating history connecting digital activity with external money movements provides evidence about system integrity.

Volume, count and throughput

11.89 billion recorded transactions and $4.60 billion gross value flow across the measured 2023–4 September 2026 period.

The source estimates lifetime gross value flow at approximately $28 billion. A measured lifetime transaction count is not supplied. The latest complete annual period is 2025; the 2026 figure is year-to-date.

Gross value flow sums positive ledger movements; one action can generate several ledger legs. It is throughput, not revenue or value added, and is not comparable with the separately defined Gross Universe Product measure.

Strategic relevance: high-frequency operational records support analysis of system behaviour under sustained real use.

Scale, continuity and context

65.7 billion rows · 2.35 TiB · 28 databases · 791 tables.

The value lies in the relationships between persistent state, participant behaviour, system rules and observed outcomes. Different tables have different starting points; this is not 25 years of uniformly detailed event data.

These figures describe stored data, not unrestricted Celest or partner access. Each evaluation must establish the permitted records, provenance and quality. The compilation excludes one session table affected by a 2026 data-quality issue.

Strategic relevance: connected, longitudinal context can support engineering and analysis; its usability depends on data quality and appropriate access.

A dated capital position.
A longer history to establish.

MindArk reported no interest-bearing debt at 31 March 2026.

This is a statement about a specific reporting date and debt category. It does not mean the company had no liabilities, that its position is unchanged today, or that the platform has always operated without external financing.

Source: MindArk Q1 2026 report, published 19 May 2026. The interim report was not reviewed by the company’s auditor.