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Codédex Business Report: $79,915 MRR and Eleven Flat Months in a Row

A gamified learn-to-code platform with 6,381 subscribers, flat at $65K–$80K a month for eleven months.

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ODDIG · Business report · Codédex
Report v1 · Data as of 2026-11-12
Codédex logo
Codédexcodedex.io ↗ · Learn-to-code platform

Codédex makes $79,915 a month teaching people to code, and has barely grown in eleven months

A gamified coding school with 6,381 paying subscribers on top of a huge free funnel. Monthly revenue has held between $65,068 and $80,384 since December 2025 — a business that found its level and stayed there.

codedex.io
Codédex homepage, captured Nov 2026
Homepage · captured 2026-11-12

Product at a glance

What it isA gamified learn-to-code platform: 250+ hours of free interactive lessons, with a paid Club tier for full access.
Who it’s forBeginner coders and people switching into tech careers, learning in short game-like sessions.
How it chargesFree lessons; Club membership from $9.99/month. The average subscriber pays about $12.52 a month.
Business modelConsumer subscription (B2C) on Stripe, US company, founded November 2022 by Sonny Li.
MRR
$79,915
6,381 subscriptions
Fact
Monthly band, 11 months
$65.1K–$80.4K
Dec 2025 – Oct 2026
Derived
MRR per subscription
$12.52
$79,915 ÷ 6,381
Derived
All-time verified revenue
$1,529,002
since Nov 2022
Fact
Revenue verified via Stripe on TrustMRR · synced 2026-11-13 02:09 UTCResearched 2026-11-12 · Oddig
ODDIG Business Report · Codédex · v1Data as of 2026-11-12 · Researched 2026-11-12
Quick read shows the scorecard, key findings, what to copy, our predictions and the bear case. Switch to Full report for the monthly chart, the pricing and the channels.

Summary

What this business is

Codédex is a gamified learn-to-code platform founded by Sonny Li in November 2022. It gives away 250+ hours of interactive lessons and charges from $9.99 a month for Club membership. The verified numbers describe a business that has stopped growing but not shrunk: monthly revenue has stayed between $65,068 and $80,384 for eleven straight months, MRR is $79,915 from 6,381 subscribers, and all-time verified revenue is $1,529,002. The company claims about 2 million users; if that count is right, roughly 0.3% of them pay.

FormWeb platform
TeamNot named
Entry price$9.99/mo
FoundedNov 2022
ODDIG scorecard1 = weak · 5 = strong · our judgement, no total score
Revenue qualityHow much recurs
4/5
Channel spreadNot one channel
3/5
CopyabilityFor a solo founder
3/5
DefensibilityHard to copy the product
3/5
Evidence strengthHow sure we are
4/5
Share

Why these scores? See the reasons in Key takeaways →

Momentum

Steady. Monthly revenue has stayed between $65,068 and $80,384 for eleven months; the last 30 days fell 14.3% on TrustMRR’s growth measure.Derived

Best suited for

Builder (main). The product is a content-and-community engine, not a feature race.

Marketer (second). Growth depends on the free funnel converting a small share of a very large audience.

Key findings

01Eleven flat monthsRevenue has not left the $65.1K–$80.4K band since December 2025, and October was the weakest month of the eleven.FactSee the monthly chart →
02A very wide, very shallow funnelAbout 2 million claimed users produce 6,381 subscriptions at about $12.52 each — the business runs on conversion of a fraction of a percent.DerivedSee the product →
03October slippedOctober revenue of $65,696 was 18% below August’s $80,284, and November is pacing at the same lower level.DerivedSee the daily chart →
Evidence tagsFactfrom a listed public sourceDerivedour arithmetic on factsFounderclaimed by the founder or siteOur readour judgement
01

Product overview

Coding lessons built like a game, free for the first 250 hours.

Codédex teaches programming through interactive, game-style lessons. The free tier carries 250+ hours of lessons; Club membership, from $9.99 a month, unlocks the full catalogue[2]. TrustMRR lists an estimated 2,000,000 users and a beginner audience: people starting to code and people switching careers[1].

The stack is TypeScript and React on Vercel and Google Cloud, with Stripe for payments[1]. GitHub shows 1,941 contributions in the last year — an actively maintained product, not a dormant one[1].

What the site looks like

codedex.io homepage on desktop, captured Nov 2026
codedex.io homepage on phone, captured Nov 2026
Codedex pricing page on desktop, captured Nov 2026
Codedex pricing page on a phone, captured Nov 2026

What to look for

  1. 1
    “Start your coding adventure”: the 250+ free hours are the headline promise, not a feature bullet.Fact
  2. 2
    The catalogue leads with career paths — Data Science, Cybersecurity, AI. The free funnel aims at career switchers.Fact
  3. 3
    Pixel-art course cards everywhere: the game framing is the brand, not decoration.Fact

What to look for

  1. 1
    The plans as captured: Free $0 · Club from $9.99/mo — the same lineup the pricing chapter below works through.Fact
Our readThe product’s real feature is the funnel shape: an unusually large free catalogue feeding a very cheap subscription. Everything else — price, growth, risk — follows from that shape.Our read
02

Revenue analysis

Eleven months inside one band, with a soft October.

Jul 26
$80,384
$75K$50K$25K
DecMarJunSep

Monthly revenue has not left the $65,068–$80,384 range since December 2025[1]. The strongest months were July and August 2026 ($80,384 and $80,284); October fell to $65,696, within $628 of the band’s December floor[1]. Before December 2025 the business earned $687,742, so most of its $1,529,002 all-time total arrived in the last year[1].Derived

ReadingMRRActive subscriptionsMRR per subscription
Nov 12, 2026$79,9156,381$12.52

One current reading is all TrustMRR publishes without an account; the monthly series above is the trend source for this report. At $12.52 per subscription, Codédex needs roughly 800 net new subscribers to add $10,000 of MRR.Derived

Daily revenue

Nov 4, 2026
$2,861
Oct 15Oct 22Oct 29Nov 5Nov 12
Best recent month
$80,384

July 2026.Fact

October vs August
−18%

$65,696 vs $80,284.Derived

Paying share of claimed users
~0.3%

6,381 of about 2,000,000.Derived

Market

Learn-to-code is one of the most contested consumer categories on the internet, with free offerings from platforms far larger than Codédex and, now, free AI tutors. We found no rival publishing Stripe-verified revenue on the same basis, so revenue is not compared.

03

Pricing: free in hours, paid in dollars

The free tier is measured in hours; the paid tier starts under ten dollars.

TierPriceWhat it gives
Free$0250+ hours of interactive lessons
Clubfrom $9.99/moFull catalogue and member features

TrustMRR’s profile records the model as free lessons plus Club from $9.99 a month[1]. The average subscriber actually pays $12.52, so a share of members sit on higher or older price points.Derived No archived pricing history was used for this report; earlier prices are not public on the same basis.

Our readAt $12.52 a head, the model only works at funnel scale. The flat revenue line says the funnel is currently replacing churn, not compounding.Our read
04

Where customers come from

A search-and-content funnel, as far as the outside shows.

Mainvisible from outsideswipe →
Free lesson catalogue
250+ hours

The lessons themselves are the acquisition surface; each course page is a search landing page.[2]

Fact
Search presence
DR 64

Domain rating 64 on TrustMRR’s SEO data, strong for a consumer education site.[3]

Fact
Supportingvisible from outsideswipe →
Community and social
1,667 X followers

A small founder account; community challenges run inside the product.[1]

Fact

TrustMRR does not show a traffic split for Codédex (no analytics connected), so channel shares are not estimated here.

05

Growth strategies

Two moves, both visible from outside.

P1Free hours as the funnel
What they didMade 250+ hours of lessons free and put the paywall on depth, not on starting.[2]
What happenedA claimed 2M users and 6,381 subscribers; revenue flat at $65K–$80K a month for eleven months.[1]
How you can use itIf your content is the product, give away the first big block of it and charge for continuation.
Cost & conditionsFree content has to be produced and maintained; it pays only if conversion, however small, runs on a very large audience. 7-day test: publish one complete beginner module free and measure sign-ups per 1,000 readers.
P2Gamification for retention
What they didBuilt lessons as game-like sessions with progress mechanics rather than video courses.[2]
What happenedNot measurable from outside.Our read
How you can use itFor self-paced learning, session design is a retention feature: short loops beat long lectures for completion.
Cost & conditionsInteractive lessons cost more to build than video. 7-day test: convert one existing lesson into an interactive exercise and compare completion.
06

Timeline

  • Nov 72022
    ProductFounding date on TrustMRR.[1]
  • Dec2025
    RevenueMonthly revenue enters the $65K–$80K band at $65,068.[1]
  • Jul2026
    RevenueBest month of the run: $80,384.[1]
  • Oct2026
    RevenueSoftest month of the band: $65,696.[1]
  • Nov 122026
    RevenueMRR $79,915 from 6,381 subscriptions.[1]
07

Key takeaways

Codédex shows the steady state of a consumer subscription with a giant free funnel: dependable revenue, a conversion rate measured in tenths of a percent, and growth that has to be re-earned every month.

Why we scored it this way

ODDIG scorecard1 = weak · 5 = strong · our judgement, no total score
Revenue qualityHow much recurs
4/5
Consumer subscriptions with an eleven-month band of $65.1K–$80.4K a month; October dipped 18% from the August level.Derived
Channel spreadNot one channel
3/5
A domain rating of 64 and a large free-content funnel are visible; the traffic split is not public.Our read
CopyabilityFor a solo founder
3/5
The lesson format is copyable; four years of content, community and brand are the slow part.Our read
DefensibilityHard to copy the product
3/5
Free tiers from much larger rivals (and free AI tutors) press from above; the moat is the catalogue and the community habit.Our read
Evidence strengthHow sure we are
4/5
Stripe-verified revenue with a full monthly history. The 2M user count is the company’s own claim.Fact
Share

Copy

  1. Give the core product away in hours, not features. 250+ free hours make the funnel; the paywall sits after the habit forms. P1
  2. Price the entry tier at impulse level. Club starts at $9.99; the average subscriber pays $12.52. P2
  3. Build where the audience already plays. Game mechanics and community challenges carry retention that lessons alone do not. P1

Avoid

  1. Mistaking a big free audience for growth. Eleven flat months at 2M claimed users shows reach and revenue can fully decouple.
  2. Depending on one funnel you do not control. Search and social discovery can reprice the top of the funnel at any time.
08

Our predictions

Three claims with dates. We mark each one right or wrong on its date and keep the result on the page.

#PredictionCheck onStatus
#1
November verified revenue lands between $58,000 and $72,000TrustMRR, $65,696 in October; Nov 1–12: $25,936.
Dec 1, 2026Open
#2
Active subscriptions are between 5,900 and 6,700TrustMRR, 6,381 on Nov 12, 2026.
Jan 31, 2027Open
#3
MRR is between $72,000 and $86,000TrustMRR MRR, $79,915 on Nov 12, 2026.
Mar 31, 2027Open

Track record: the predictions in our earlier reports are still open; the first checks land Dec 1, 2026. We mark each prediction right or wrong on its date and keep the result on the page.

09

What could prove us wrong

Things that would change our read, and how to check them.

  1. The flat year is a pause, not a level. A new course line or a schools product could restart growth; neither is visible in the current numbers.Check: monthly revenue above $90,000 in any month to Mar 2027.
  2. The user count may be registered accounts, not users. If active learners are far fewer than 2M, the funnel reads better than we scored it.Check: not public; the company does not publish active-user numbers.

Appendix

FAQ

How much does Codédex make?

$62,070 in the 30 days to Nov 12, 2026, verified through Stripe on TrustMRR. MRR is $79,915 from 6,381 subscriptions; all-time revenue is $1,529,002.

Is Codédex growing?

Not on the verified numbers. Monthly revenue has stayed between $65,068 and $80,384 for eleven months, and October 2026 was the softest month of that run.

What does Codédex charge?

Lessons are free for the first 250+ hours; Club membership starts at $9.99 a month. The average subscriber pays about $12.52 a month.

Who founded Codédex?

Sonny Li founded it in November 2022 in the US, per its TrustMRR profile.

Sources

  1. [1]
    TrustMRR: Codédex — revenue, MRR, subscriptions, daily and monthly data. Verified through a Stripe API key. Synced 2026-11-13.
  2. [2]
    Codédex — product, free lesson count and Club pricing as shown on the site, Nov 2026.
  3. [3]
    TrustMRR SEO domain data for codedex.io — domain rating 64, synced 2026-11-09.

Screenshots © Codédex, used for commentary. Oddig has no business relationship with Codédex. Numbers change daily; check the sources for the latest.

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