Brex Inc.
Financial Performance
Brex Revenue & Financials
Revenue
$700M (FY2025, annualized run-rate)
Employees
1,100
What is Brex's revenue?
Brex's latest revenue figure is $700M (2025). This is an annualized run-rate, not audited fiscal-year revenue.
- Latest revenue
- $700M (FY2025, annualized run-rate)
- Years of data
- 3
- Employees
- 1,100
- How many employees does Brex have?
- Brex has about 1,100 employees.
Financial Analysis
Brex never published audited results as a private company. Sacra estimates annualized revenue slowed to $312 million in 2022, growing 30%, while the company was reportedly burning about $22 million a month. After the January 2024 restructuring, growth picked up: Brex said in February 2025 that enterprise revenue rose 80% with net revenue retention near 140%, and Sacra estimates total annualized revenue reached $700 million in August 2025, up 50%. Brex turned operating-cash-flow positive for the first time in October 2025, according to Sacra. Before the sale it raised about $2.3 billion in equity. Capital One paid $5.15 billion, roughly 58% below the $12.3 billion valuation of 2021.
Revenue Trend Analysis
Trend
Not enough comparable years
Brex Inc. has no full fiscal year of revenue on this page, plus 3 other figures (annualized run-rate, partial-period or estimated) that are not ranked or trended with them. There are not enough consecutive, comparable fiscal years to measure a trend.
Reported Revenue Figures
| Fiscal Year | Revenue | YoY Change | Source |
|---|---|---|---|
| FY2025annualized run-rate | $700M | — | Sacra estimate Annualized revenue as of August 2025, up 50% year over year. Forbes reported Brex's gross revenue run-rate at $700 million in January 2026. |
| FY2024annualized run-rate | $466.7M | — | Sacra estimate Implied annualized revenue from the reported $700M August 2025 run rate and 50% year-over-year growth; unaudited third-party estimate. |
| FY2022annualized run-rate | $312M | — | Sacra estimate Annualized revenue estimate, growing 30% year over year. Not a company-reported figure. |
Click any row to see year details.
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Brex Revenue and Financial FAQ
What is Brex's annual revenue?
Sacra estimates Brex reached $700 million in annualized revenue in August 2025, up 50% year over year. Brex did not publish audited results as a private company.
How fast did Brex grow?
Growth slowed to 30% in 2022 at about $312 million of annualized revenue, according to Sacra, then picked up to 50% by August 2025. Brex said enterprise revenue rose 80% in 2024.
Is Brex profitable?
Forbes described Brex as not yet profitable in January 2026. Sacra reports it became operating-cash-flow positive for the first time in October 2025, after burning about $17 million a month in late 2023.
How much funding did Brex raise?
About $2.3 billion in equity before the sale. Rounds included a $50 million Series B in 2018, $125 million at $1.1 billion later that year, $425 million at $7.4 billion in April 2021 and $300 million at $12.3 billion agreed in October 2021.
What was Brex worth when it sold?
Capital One paid $5.15 billion, roughly half in cash and half in stock, about 58% below Brex's $12.3 billion peak private valuation.
Who invested in Brex?
Investors included Ribbit Capital, which led the first round, Y Combinator Continuity, Peter Thiel, Max Levchin, Greenoaks Capital, DST Global, IVP, Kleiner Perkins, Tiger Global and TCV.
How much is Brex worth?
Following massive funding rounds from investors like Y Combinator and Peter Thiel, Brex reached a staggering private valuation of over $12 billion.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Brex Revenue & Financials." CorpDigest, https://corpdigest.com/company/brex/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Brex reported $700M as its latest revenue figure (2025, annualized run-rate, not audited fiscal-year revenue).</strong><br>Source: <a href="https://corpdigest.com/company/brex/financials" target="_blank" rel="noopener">CorpDigest — Brex financials</a></div>Related Financial Audits
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