CRED
Financial Performance
CRED Revenue & Financials
Revenue
~$317.3M (FY2025)
Employees
1,200
What is CRED's revenue?
CRED had ~$317.3M in revenue for fiscal year 2025, up 10.6% from 2024. It reported a net loss of ~$169M.
- Latest revenue
- ~$317.3M (FY2025)
- Year-over-year
- +10.6%
- Growth rate (CAGR)
- 86.4% over 3 years
- Peak revenue
- ~$317.3M (FY2025)
- Years of data
- 4
- Employees
- 1,200
- How much profit does CRED make?
- CRED reported a net loss of ~$169M for fiscal year 2025. newsroom.cred.club
- How many employees does CRED have?
- CRED has about 1,200 employees.
Financial Analysis
CRED's revenue has climbed from ~$11 million (₹95 crore) in FY21 and ~$49 million (₹422 crore) in FY22 to ~$172 million (₹1,484 crore) in FY23 (total income), ~$287 million (₹2,473 crore) in FY24 and ~$317 million (₹2,735 crore) in FY25. Growth slowed to 16% in FY25, but the company cut its operating loss by 51% to ~$34.6 million (₹298 crore) and reported gross margins of about 70%. Total loss, which includes ESOP costs and depreciation, narrowed 11.5% to ~$169 million (₹1,457 crore). Funding history tracks the same arc: the valuation peaked at $6.4 billion in 2022, fell to about $3.5 billion in a $72 million GIC-led round in May 2025, and recovered to about $4.5 billion post-money when Meta led a $900 million Series H in June 2026 (roughly $500 million primary and $400 million secondary). Kunal Shah said at the time that annual revenue had crossed ~$371 million (₹3,200 crore), without naming the period.
Revenue Trend Analysis
YoY Change
+10.6%
3-Year CAGR
+86.4%
Peak Year
2025
Trend
Consistent Growth
CRED has 4 full fiscal year figures on this page, compounding at +86.4% annually over 3 years. The most recent year saw a 10.6% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at ~$317.3M. Of 3 comparable year-over-year steps, 3 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | ~$317.3M | -~$169M | +10.6% | CRED newsroom, FY2024-25 results Consolidated operating revenue for the year ended 31 March 2025, up 16%; operating loss ~$34.6 million (₹298 crore). |
| FY2024 | ~$286.9M | -~$190.7M | +66.6% | The Economic Times FY24 operating revenue up 66%; operating loss ~$70.6 million (₹609 crore). |
| FY2023 | ~$172.1M | -~$156.3M | +251.7% | The Economic Times FY23 total income. |
| FY2022 | ~$49M | -~$148.4M | — | The Economic Times FY22 total income. |
Click any row to see year details.
Keep researching CRED
CRED Revenue and Financial FAQ
What is CRED's revenue?
CRED reported consolidated operating revenue of ~$317 million (₹2,735 crore) in FY25, up 16% from ~$287 million (₹2,473 crore) in FY24. Earlier figures were ~$172 million (₹1,484 crore) (FY23 total income), ~$49 million (₹422 crore) (FY22) and ~$11 million (₹95 crore) (FY21).
Is CRED profitable?
Not on a net basis. FY25 operating loss fell 51% to ~$34.6 million (₹298 crore), but total loss including ESOP costs and depreciation was ~$169 million (₹1,457 crore), down 11.5% from ~$191 million (₹1,644 crore) in FY24.
What are CRED's gross margins?
CRED said gross margins were about 70% in FY25, reflecting a revenue mix weighted toward lending distribution and financial services fees.
What is CRED's current valuation?
About $4.5 billion post-money (Entrackr calculated ₹43,129 crore, or $4.53 billion) after Meta's June 2026 Series H, up from about $3.6 billion in May 2025 but below the $6.4 billion peak of 2022.
How much did Meta invest in CRED?
About $900 million (₹8,550 crore), made up of roughly $500 million in new shares and $400 million in secondary purchases from existing shareholders. Filings show a primary issue of ~$592 million (₹5,107 crore) giving Meta about 11.84% before secondaries.
Who are CRED's major investors?
Meta, GIC, Peak XV Partners (formerly Sequoia India), Ribbit Capital, Tiger Global, Coatue, Falcon Edge (Alpha Wave), DST Global and Dragoneer, among others. CRED raised over $1 billion across nine rounds before the Meta deal.
How large is CRED's ESOP pool?
In 2026 CRED expanded its ESOP pool to 4,72,223 options, about 11.6% of fully diluted capital, valued by Entrackr at nearly $580 million (₹5,000 crore). It has run five ESOP buybacks.
Will CRED go public?
CRED says its board is putting in place a leadership structure for an eventual IPO. No listing date or filing has been announced.
Is CRED a profitable company?
No, CRED is notoriously unprofitable. They have intentionally burned massive amounts of venture capital on extremely aggressive marketing (like viral IPL ads) and offering heavy rewards to acquire the most affluent, high-credit-score customers in India.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "CRED Revenue & Financials." CorpDigest, https://corpdigest.com/company/cred/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>CRED reported ~$317.3M in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/cred/financials" target="_blank" rel="noopener">CorpDigest — CRED financials</a></div>Related Financial Audits
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