Printful
Financial Performance
Printful Revenue & Financials
Revenue
$289M (FY2021)
Employees
2,000
What is Printful's revenue?
Printful had $289M in revenue for fiscal year 2021, up 38.9% from 2020.
- Latest revenue
- $289M (FY2021)
- Year-over-year
- +38.9%
- Growth rate (CAGR)
- 55.1% over 3 years
- Peak revenue
- $289M (FY2021)
- Years of data
- 4
- Employees
- 2,000
- How many employees does Printful have?
- Printful has about 2,000 employees.
Financial Analysis
Printful has not published annual results since 2021. Its disclosed revenue rose from $77.4 million in 2018 to $116 million in 2019, about $208 million in 2020 and more than $289 million in 2021, a 39% increase. By 2021 it had fulfilled over 48 million items and its customers had passed $1 billion in cumulative sales. The 2021 Bregal Sagemount round valued it at over $1 billion. Figures for the combined FYUL group have not been disclosed, and third-party estimates claiming revenue above $2 billion are not supported by company filings. Printful is a dominant, globally recognized print-on-demand and drop-shipping platform, achieving a private market valuation of over $1 billion to become Latvia's first-ever unicorn.
Revenue Trend Analysis
YoY Change
+38.9%
3-Year CAGR
+55.1%
Peak Year
2021
Trend
Consistent Growth
Printful has 4 full fiscal year figures on this page, compounding at +55.1% annually over 3 years. The most recent year saw a 38.9% increase versus the prior year. Annual revenue peaked in fiscal year 2021 at $289M. Of 3 comparable year-over-year steps, 3 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | YoY Change | Source |
|---|---|---|---|
| FY2021 | $289M | +38.9% | Printful press release Company-reported, more than $289M; last disclosed figure. |
| FY2020 | $208M | +79.3% | Printful press release Company-reported. |
| FY2019 | $116M | +49.9% | Printful press release Company-reported. |
| FY2018 | $77.4M | — | Wikipedia (company-reported turnover) Reported turnover. |
Click any row to see year details.
Keep researching Printful
Printful Revenue and Financial FAQ
What is Printful's annual revenue?
Printful last reported more than $289 million in revenue for 2021. Earlier figures were $116 million in 2019 and about $208 million in 2020.
What is Printful worth?
Its 2021 Bregal Sagemount round valued it at over $1 billion. No valuation has been disclosed for the merged FYUL group.
How much funding has Printful raised?
Printful was self-funded until 2021, when it took a $130 million non-control investment from Bregal Sagemount.
Is Printful a public company?
No. Printful is private and has no stock ticker.
What is Printful’s annual revenue scale?
Printful’s revenue exceeded $200 million in 2020 and grew to over $289 million in 2021, sustaining run-rate revenues above $300 million driven by global e-commerce and enterprise merchandise partnerships.
What was Printful’s valuation during its landmark funding round?
In May 2021, Printful secured a $130 million minority investment from private equity firm Bregal Sagemount, valuing the company at over $1.0 billion and crowning it Latvia’s first tech unicorn.
Was Printful bootstrapped prior to its 2021 funding round?
Yes, Printful was entirely bootstrapped and self-funded through retained earnings and internal Draugiem Group capital for its first eight years of rapid global expansion, achieving consistent profitability before raising outside venture capital.
What are the primary drivers of Printful’s capital expenditure (CapEx)?
CapEx is heavily driven by purchasing multi-million-dollar industrial printing hardware (such as Kornit Digital textile printers), automated sorting and bagging systems, embroidery equipment, and leasing large-scale distribution facilities.
What are typical gross margins for print-on-demand apparel?
Gross margins on customized apparel typically range from 35% to 50%, depending on blank garment sourcing costs, ink consumption, order batching efficiency, and fulfillment labor productivity.
How does seasonal holiday volume affect Printful’s financial performance?
Printful experiences massive Q4 seasonality around Black Friday, Cyber Monday, and the Christmas gift-giving season, often processing 30% to 40% of its annual product volume in the final two months of the year.
How many items has Printful printed and delivered to date?
Printful has printed and fulfilled more than 90+ million custom items globally since inception, representing billions of dollars in gross merchandise value (GMV) for its merchant partner community.
What is Printful’s financial strategy following the FYUL Group combination?
The unified FYUL Group structure allows Printful and Printify to optimize procurement costs, unify software engineering investments, and build a combined liquidity pathway toward a future institutional IPO or strategic transaction.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Printful Revenue & Financials." CorpDigest, https://corpdigest.com/company/printful/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>Printful reported $289M in revenue (FY2021).</strong><br>Source: <a href="https://corpdigest.com/company/printful/financials" target="_blank" rel="noopener">CorpDigest — Printful financials</a></div>Related Financial Audits
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