Ramp Business Corporation
Financial Performance
Ramp Revenue & Financials
Revenue
$1B (FY2025, annualized run-rate)
Employees
1,200
What is Ramp's revenue?
Ramp's latest revenue figure is $1B (2025). This is an annualized run-rate, not audited fiscal-year revenue.
- Latest revenue
- $1B (FY2025, annualized run-rate)
- Years of data
- 3
- Employees
- 1,200
- How many employees does Ramp have?
- Ramp has about 1,200 employees.
Financial Analysis
Ramp is private and does not publish audited financials, so its numbers come from company statements and press reports. It reached $100 million in annualized revenue by early 2022, about $300 million in 2024 and $1 billion by August-September 2025. In June 2026 CEO Eric Glyman said Ramp was free-cash-flow positive and that total payment volume grew about 170% year over year in March 2026. Bloomberg reported annualized revenue above $1.5 billion around the June 2026 raise; Ramp itself only confirmed 'more than $1 billion'. It has raised more than $3 billion in equity to date. Ramp is a highly disruptive American financial technology company specializing in corporate cards and spend management, commanding a massive private market valuation over $7 billion.
Revenue Trend Analysis
Trend
Not enough comparable years
Ramp Business Corporation 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 | $1B | — | Ramp Annualized revenue passed $1 billion in 2025 (company statement). |
| FY2024annualized run-rate | $300M | — | Fast Company / company Annualized revenue run rate, 2024. |
| FY2022annualized run-rate | $100M | — | Reuters / company Annualized revenue run rate reached by early 2022. |
Click any row to see year details.
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Ramp Revenue and Financial FAQ
What is Ramp's valuation and funding history?
Ramp has raised more than $3 billion in equity. Its valuation went from $1.6B (2021) to $7.65B (2024), $13B (March 2025), $32B (November 2025) and $44B after a $750M round in June 2026.
What is Ramp's annual revenue?
Ramp passed $1 billion in annualized revenue in 2025; Bloomberg reported more than $1.5 billion by mid-2026. Ramp has not published audited results.
How much payment volume does Ramp process?
Ramp said in June 2026 it processed more than $200 billion in annualized payment volume, with total payment volume up about 170% year over year in March 2026.
Is Ramp profitable?
Ramp has not disclosed net income, but CEO Eric Glyman said in June 2026 that the company was generating positive free cash flow.
Is Ramp planning an IPO?
Ramp is private and has not announced an IPO timeline. In September 2026 it was reported to be in talks to raise more private capital at about $60 billion.
What is Ramp’s annual payment volume and revenue scale?
Ramp processes tens of billions of dollars in annualized card and bill payment volume, generating hundreds of millions of dollars in Annual Recurring Revenue (ARR) across interchange and software subscriptions.
How much total capital has Ramp raised to date?
Ramp has raised over $1.7 billion in equity and debt financing from premier venture investors including Founders Fund, D1 Capital Partners, Thrive Capital, Stripe, Coatue, and General Catalyst.
What is Ramp’s current valuation?
In April 2024, Ramp raised a $150 million Series D-2 funding round co-led by Khosla Ventures and Founders Fund, valuing the company at $7.65 billion.
What are Ramp’s credit loss and default rates?
Because Ramp underwrites credit lines dynamically based on real-time bank account cash balances and requires full statement repayment every 30 days, its credit loss and default rates are among the lowest in the commercial card industry.
How capital-efficient is Ramp compared to consumer fintechs?
Ramp serves business-to-business (B2B) corporate clients who spend tens of thousands to millions of dollars monthly, generating outsized revenue per account with negligible customer acquisition churn.
How does rising interest rate environments affect Ramp?
While higher borrowing rates increase warehouse debt financing costs for corporate credit float, Ramp offsets this by earning higher interest yields on treasury cash deposits and expanding fee-based SaaS subscriptions.
What percentage of Ramp’s revenue comes from software vs interchange?
While interchange historically accounted for the majority of revenue, paid SaaS subscriptions via Ramp Plus and enterprise procurement fees represent Ramp’s fastest-growing, highest-margin revenue stream.
What is Ramp’s pathway toward a public offering (IPO)?
With hundreds of millions in high-margin revenue, strong net revenue retention, and expanding enterprise accounts (including Shopify, Webflow, and Glossier), Ramp is widely positioned for an institutional IPO.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Ramp Revenue & Financials." CorpDigest, https://corpdigest.com/company/ramp/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>Ramp reported $1B as its latest revenue figure (2025, annualized run-rate, not audited fiscal-year revenue).</strong><br>Source: <a href="https://corpdigest.com/company/ramp/financials" target="_blank" rel="noopener">CorpDigest — Ramp financials</a></div>Related Financial Audits
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