Pharo Studio: Revenue, team and how it was built
Pharo Studio (AI revision sheets, flashcards and quizzes from a student's own course files, France): US$178 MRR from 12 subscriptions, November 2026. Evidence grade A: disclosed by a company or a filing, or verified by a payment processor. Team: 1 founder, Mathis Autard, registered as a sole trader (auto-entrepreneur); the press page calls him "fondateur seul". Launched April 2026; still running, revenue growing.Added 5 November 2026
- Outcome
- US$178 MRR from 12 subscriptions, November 2026Revenue growing
- Evidence
- A disclosed by a company or a filing, or verified by a payment processor
- Launch
- April 2026
- Status
- Still running
- Team
- 1 founder, Mathis Autard, registered as a sole trader (auto-entrepreneur); the press page calls him "fondateur seul"
- Outside funding
- None (bootstrapped, as the TrustMRR profile states)
- Group
- Learning and study
- Main channel
- Creators and short videos
Pharo Studio is an AI study app for French health students. It turns a course file into a revision sheet, flashcards (small question-and-answer cards for memorizing facts) and multiple-choice questions. The cards are shown again by spaced repetition, a method that schedules each card for review just before the student is likely to forget it, with longer gaps each time the answer is right. The company says it generates only from the student's own course and adds nothing from outside, and its terms forbid using the service to cheat in an exam.
Mathis Autard, the founder and the person named as publisher in the site's legal notice, launched it in April 2026 after watching friends in the first year of medicine (PASS) spend evenings formatting their course PDFs. He works alone as a sole trader. In the summer of 2026 he added a medicine section with past exam papers, an AI coach and a revision planner, and in the autumn he focused the product on nursing students, who made 71% of the users in the company's own survey of August to October 2026.
TrustMRR reads the payment records from Stripe and shows monthly recurring revenue (MRR, the subscription income that repeats each month) of US$178 from 12 active subscriptions on 5 November 2026, and US$233 in revenue since the start. That is grade A, and small: the first verified revenue month is June 2026, and October 2026 brought US$142. The page also shows four failed companies that sold study help to students.

How much revenue does Pharo Studio make?
Each row shows the evidence grade and the source numbers from the list at the end of this page. The grades are explained in How Aiolum verifies.
| Fact | Value | Grade | How we know | Sources |
|---|---|---|---|---|
| Monthly recurring revenue, 5 November 2026 | US$178 | A | TrustMRR metric snapshot, from Stripe through an API key, revenue synced 5 November 2026. The same profile gives last-30-day revenue of US$178 and MRR growth of +315.8% over 30 days. | [1] |
| Active subscriptions, 5 November 2026 | 12 | A | TrustMRR metric snapshot. | [1] |
| Revenue since the start | US$233 | A | TrustMRR, all-time verified revenue. The last 6 and 12 months give the same US$233, so all revenue came after May 2026. | [1] |
| Monthly revenue, June to November 2026 | June US$21.35; September US$33.48; October US$142; November (to the 5th) US$36.40 | A | TrustMRR monthly timeline. No revenue is listed for July and August. October was about 4.2 times September (calculated). | [1] |
| Run rate from the MRR | US$2,136 a year | calc | Calculated: US$178 times 12. This is the headline number in dollars. TrustMRR shows the amounts in US dollars although the prices are in euros; the profile does not say how it converts. | [1] |
| Users | 240 estimated; 243 students on the home page | C | TrustMRR profile text (founder-written): "Estimated user count: 240". The home page reads "243 étudiants en santé révisent déjà avec Pharo" (243 health students already revise with Pharo, translation) and "673 fiches créées" (673 sheets created, translation). So about 5% of users pay (calculated: 12 of 240). | [1, 2] |
| Launch | April 2026 | C | About page: "Mathis a lancé Pharo Studio en avril 2026" (Mathis launched Pharo Studio in April 2026, translation). The TrustMRR profile gives a founded date of 20 February 2025, which does not match; the first verified revenue is in June 2026. | [4, 1] |
| Founder and legal form | Mathis Autard, sole trader | C | Legal notice: "Statut : Auto-entrepreneur", "Responsable de publication : Mathis Autard". The terms say the service is published by "Mathis Autard, entrepreneur individuel". TrustMRR shows the founder under the display name Tisma_atr. | [6, 10, 1] |
| Team and funding | 1 person, bootstrapped | C | TrustMRR profile text: "Team size: 1 person", "Funding: Bootstrapped". The press page: "fondateur seul, projet indépendant" (sole founder, independent project, translation). | [1, 5] |
| Usage survey, 10 August to 31 October 2026 | 427 courses turned into sheets by 92 students; 71% nursing students | C | The company's own "Baromètre" on its press page. 31% of the sheets were made on Sundays, 49% after 6 p.m.; physiology was the top subject at 22%. | [5] |
| Prices | free; 9 euros (US$10.05) and 19 euros (US$21.21) a month | C | Pricing page, read 5 November 2026. Converted at 1.1163 dollars per euro, Federal Reserve H.10 rate of 30 October 2026 (calculated). | [3, 11] |
| Reviews on the site | 9 reviews, all 5 stars | C | Home page: "Seul un compte Pharo peut laisser un avis" (only a Pharo account can leave a review, translation). Reviewers are shown by first name with a sheet count. | [2] |
| Technology | Next.js, React, Supabase, Vercel, OpenAI, Anthropic, Stripe | C | TrustMRR tech-stack list, founder-entered. The legal notice confirms hosting on Vercel and the database on Supabase in Frankfurt. | [1, 6] |
| Marketing channels | TikTok creators, SEO, blog, Instagram, email | C | TrustMRR profile text: "Growing through TikTok creators and SEO." The site has a paid creator program and a sitemap of 133 pages, many of them curriculum and example pages. | [1, 7] |
| Time from launch to the November 2026 figure | 7 months | calc | Calculated: April 2026 to November 2026. | [4, 1] |
How to read this table: a grade A value comes from payment records that TrustMRR reads from Stripe, or from the US Federal Reserve. A grade C value is a statement by the founder or the company on its own pages or in its TrustMRR profile text. A "calc" (X) value was computed on this page from the rows above it. French quotations are followed by an English translation marked "(translation)".
| Plan | Per month, billed yearly (US$) | Per month, billed monthly (US$) | Limit |
|---|---|---|---|
| Gratuit (free) | 0 | 0 | 2 sheets a month; 5 flashcards and 5 questions per sheet |
| Essentiel | 10.05 | 9 euros; 30 sheets a month; 10 flashcards and 10 questions per sheet; exam mode | |
| Intensif | 21.21 | 19 euros; 150 sheets a month; 15 flashcards and 15 questions per sheet; AI coach, past papers, planner |
Prices are per month, without commitment, and payment is by Stripe. The page offers 20% off the first payment, so the first month of Essentiel costs 7.20 euros (about US$8.04) and of Intensif 15.20 euros (about US$16.97). Yearly billing is shown as 22% less, but the yearly amounts load by script and could not be read, so that column is empty. A 14-day withdrawal right with a prorated refund applies.
When did Pharo Studio launch, and how did it grow?
From friends formatting course handouts to a paid study app for nursing students, in seven months. Each entry carries its grade.
- Before April 2026CThe founder sees friends in PASS spend evenings highlighting, copying and formatting 60-page course PDFs before they start to learn. [4]
- 20 February 2026CA government order (arrêté) sets a new nursing curriculum for students who start in September 2026: 15 units, 13 skills, 66 weeks of placement. Pharo later builds its pages around it. [5]
- April 2026CLaunch of the first version: paste a course, get a structured sheet, flashcards and corrected questions about 30 seconds later. [4, 5]
- June 2026AFirst verified revenue: US$21.35 in the month. [1]
- Summer 2026CA medicine section: past exam papers sorted by topic, an AI coach that knows the program, a revision planner, a timed exam mode and progress per chapter. [4]
- 10 August to 31 October 2026C92 students turn 427 courses into sheets; 71% of them are nursing students, which the home page now addresses first. [5, 2]
- October 2026AUS$142 in verified revenue, the best month so far, about 4.2 times September. [1]
- 5 November 2026AUS$178 in monthly recurring revenue from 12 active subscriptions, US$233 since the start. [1]
Why did Pharo Studio work?
Four causes, in the order they mattered. Each one is a reusable lesson.
One audience, its own words
The product speaks only to French health students and uses their terms: IFSI units, PASS and LAS, the 367 EDN items, dose calculations. The 2026 nursing curriculum reform gave a reason to publish a page for each new unit, so the site has many pages that match what nursing students search for.
Generate from the student's course, then schedule
A chatbot gives an answer; Pharo gives a sheet, cards and questions made only from the uploaded course, then decides which 10 cards to review each day. The work that the AI removes is the formatting and question writing, not the memorizing.
Free tools and a free plan
Free calculators for drug doses, infusion rates and grade averages, a free question generator and free example sheets bring students to the site. The free plan allows 2 sheets a month without a card, and the paid plans sell more sheets and exam features.
Creators paid by commission or by video
The creator page offers TikTok and Instagram creators either 70% of a subscriber's first month and 50% of each later month, or a fixed price per video, plus a free Intensif account. The founder names TikTok creators and SEO as his growth channels.
How it was built
These details come from the company's own pages and the founder-entered parts of the TrustMRR profile. They are grade C, except the Stripe connection, which TrustMRR confirms. [1, 6, 4, 5, 2]
- Next.js and React for the web app, hosted on Vercel.
- Supabase as the database, with data hosted in Frankfurt; the company says uploaded courses are never used to train models and are deleted on request.
- OpenAI and Anthropic models listed in the tech stack for generating the sheets, cards and questions.
- Stripe for subscriptions; TrustMRR reads the revenue from Stripe through an API key.
- The site exists in four languages (French, English, Spanish, Arabic) and works in the browser on phone and computer; there is no store app.
- The footer says the site was made by M²Web; the pages read do not say what part of the work that was.
Tools named in the sources
Each one opens its page in the Tools tab, with every story that uses it.
Who tried this before Pharo Studio, and why did they fail?
Four companies in our database of failed startups sold study help to students and failed. The values below are from that database and are not independently verified.
Flashnotes
The promiseA marketplace where college students bought and sold class notes and study guides.
Why it diedContent quality was uneven, demand was seasonal, and Course Hero and Chegg had better products and more money.
Grockit
The promiseSocial, game-like preparation for tests such as the SAT and GMAT.
Why it diedLive group study was costly per user, and other platforms copied the social and game features.
Kno
The promiseInteractive digital textbooks for students.
Why it diedThe large textbook publishers made their own digital versions faster than expected, and licensing fees were high.
InstaGrok
The promiseA visual, mind-map search tool for students and teachers.
Why it diedIt could not get schools to adopt it or students to pay, against free tools such as Quizlet and Khan Academy.
The failed startups come from our database of 1,749 dead startups, retold here in our own words. Its entries are AI-assisted summaries of public sources, so these cards carry no evidence grade.
What changed
The four predecessors had to pay for content, live tutors or publisher licenses, or to persuade schools, and free tools took their users. Each one needed millions of dollars before it could find out whether students would pay.
Pharo pays for none of that. The student brings the content, a language model writes the sheet and the questions for a small cost per course, and hosting is a standard web stack. That lets one person serve a narrow group, French nursing students, that a funded company would find too small. The open question is the same one that ended InstaGrok: the verified revenue, US$233 since the start, shows that some students pay, not yet that enough of them will.
Can one person copy Pharo Studio now?
Yes, the method is open to one person.
Nothing here needs money or a team: a web app on a standard stack, a language model, Stripe, and pages written for one group of students in one country. The work is knowing that group's curriculum, exams and vocabulary well enough to rank in their searches and to reach the creators they follow.
Where it is still open: Other exam-heavy programs in other languages: law, pharmacy, accounting, engineering entrance exams, professional certifications, each with its own curriculum and its own search terms.
- 1Pick one exam-heavy program in one language, and learn its official curriculum and exam names.
- 2Generate study material only from the student's own course, and schedule the reviews by spaced repetition.
- 3Publish a page for each unit, exam item and calculation students search for, plus free calculators.
- 4Pay creators in that field by commission, and keep a free plan that converts after the first sheets.
What could go wrong for Pharo Studio?
The risks are the mirror image of the causes above.
Very small, very new revenue
The verified figures are small: US$178 a month from 12 subscriptions and US$233 since the start, on 5 November 2026. October was the first month above US$100. One or two cancellations change the MRR by 10% or more.
Launch date does not match
The About and press pages say the launch was in April 2026. The TrustMRR profile gives a founded date of 20 February 2025. The first revenue in the Stripe records is from June 2026.
A free AI detector for homework
The site offers a free "Détecteur IA gratuit pour tes devoirs et rapports" (free AI detector for your homework and reports, translation) that estimates how much of a text was written by ChatGPT, Claude or Gemini and gives "conseils pour retravailler ton texte" (advice to rework your text, translation). The page does not say whether the advice aims at making a text pass detectors. The terms forbid using the service to cheat in an exam, and the teachers' page sells an "Attestation IA" that declares how much of each sheet the AI wrote.
Paid creators
The creator page offers commission or a fixed price per TikTok or Reel, with a short brief on "ce qu'on montre, ce qu'on ne dit pas" (what we show, what we do not say, translation). The pages read do not say whether the videos must state that they are paid.
Health content for students
The free calculators for drug doses, infusion rates and syringe pumps are presented as exercises for nursing students; this story did not read those calculator pages. Language models can write wrong facts into a revision sheet, and the terms say the company does not guarantee the accuracy of generated content.
Sources
The grade next to each source is the best grade that the source can support. "Read in full" means that the text of the page was downloaded and the numbers were checked in it.
- A TrustMRR: Pharo Studio, markdown profile, revenue synced 5 November 2026Read the markdown profile, downloaded 5 November 2026. The revenue, MRR and subscription figures come from Stripe through an API key (grade A); the description, team, funding, users, tech stack and channels are founder-written (grade C).
- C Pharo Studio home page, read 5 November 2026Read in full. Source for the product, the user and sheet counters, the reviews and the plans.
- C Pharo Studio: Tarifs (pricing page), read 5 November 2026Read in full. Monthly prices and plan limits from the page text; the yearly amounts load by script and were not read.
- C Pharo Studio: À propos — qui est derrière Pharo Studio ?Read in full. Source for the founder, the launch month and the history.
- C Pharo Studio: Espace presse, with the Baromètre des révisions des étudiants en santé, autumn 2026Read in full. Source for the sole-founder statement, the prices and the company's usage survey of 10 August to 31 October 2026.
- C Pharo Studio: Mentions légalesRead in full. The legal notice required by French law; source for the publisher, the legal form and the hosting.
- C Pharo Studio: Créateurs — collaboration rémunérée avec Pharo StudioRead in full. Source for the creator commission and the per-video offer.
- C Pharo Studio: Détecteur IA gratuitRead in full, including the questions in the page's structured data.
- C Pharo Studio: Attestations IA pour les enseignantsRead in full. Source for the AI-use certificate.
- C Pharo Studio: Conditions générales d'utilisationRead the sections on the publisher, acceptable use and liability.
- A Federal Reserve H.10: Foreign Exchange Rates, U.S. dollars per euro, release of 2 November 2026Read the latest rows. Source for the rate of 1.1163 dollars per euro on 30 October 2026.
- C Database of failed startups, local exportLocal export. AI-written summaries, not independently verified. Source for the failed predecessors.
Run this company? Send corrections or a verified figure to aiolum@livyden.com