Notion grows faster than Coda-Grammarly

This merger matters mainly because it makes Coda a broader distribution story, not a faster growth story. Grammarly adds a huge top of funnel, with more than 40 million users and 50,000 organizations, and gives Coda a natural place to embed docs, tables, and workflows inside writing and communication products. But the combined business was still growing far slower than Notion, with Grammarly at about $700M ARR in May 2025 after reaching $650M at the end of 2024, versus Notion at $865M ARR in July 2026, up 82% year over year.1 2 3 4 5

• Coda and Notion solve a similar job with different economics. Both let teams mix text, tables, and lightweight apps in one page, but Coda charges for Doc Makers, which can lower seat costs on large rollouts, while Notion has scaled faster into a much larger revenue base.3 5
• The merger broadened product surface area immediately. Coda brought a team workspace where people plan projects, track data, and build internal tools. Grammarly brought an always on writing layer across email, docs, and browsers. Together, that creates more places to bundle AI and cross sell than Coda had alone.1 2 4
• The competitive implication is that Notion still looks like the stronger standalone execution story. Grammarly needed M&A to assemble docs, then email through Superhuman, while Notion built a single workspace that was already compounding quickly across notes, wikis, databases, and AI inside one product.4 5 6

Going forward, the merged company is likely to compete by bundling more work surfaces around Grammarly's distribution, while Notion competes by turning one fast growing workspace into the system where AI agents act on company knowledge. That keeps Notion in the stronger position if growth and product cohesion matter more than bundle breadth.2 4 5 6