Squarespace, Inc.
Financial Performance
Squarespace Revenue & Financials
Revenue
$1B (FY2023)
Employees
1,800
What is Squarespace's revenue?
Squarespace had $1B in revenue for fiscal year 2023, up 16.8% from 2022. It reported a net loss of $7.1M.
- Latest revenue
- $1B (FY2023)
- Year-over-year
- +16.8%
- Growth rate (CAGR)
- 20.2% over 4 years
- Peak revenue
- $1B (FY2023)
- Years of data
- 5
- Employees
- 1,800
- How much profit does Squarespace make?
- Squarespace reported a net loss of $7.1M for fiscal year 2023. sec.gov
- How many employees does Squarespace have?
- Squarespace has about 1,800 employees.
Financial Analysis
Squarespace grew revenue from $484.8 million in 2019 to $1.01 billion in 2023, crossing $1 billion for the first time in its 20-year history. After heavy GAAP losses in 2021 and 2022 (about $249 million and $252 million), the net loss narrowed to $7.1 million in 2023, and Q2 2024 showed $6.1 million of net income on $296.8 million of revenue. Permira first agreed in May 2024 to pay $44.00 per share (about $6.9 billion enterprise value), raised the price to $46.50 in September 2024 (about $7.2 billion), and closed on October 17, 2024. As a private company, Squarespace no longer publishes quarterly results, so figures after mid-2024 are not publicly reported. Squarespace, Inc. is a massive American website building and hosting company, commanding a market valuation typically over $6 billion.
Revenue Trend Analysis
YoY Change
+16.8%
4-Year CAGR
+20.2%
Peak Year
2023
Trend
Consistent Growth
Squarespace, Inc. has 5 full fiscal year figures on this page, compounding at +20.2% annually over 4 years. The most recent year saw a 16.8% increase versus the prior year. Annual revenue peaked in fiscal year 2023 at $1B. Of 4 comparable year-over-year steps, 4 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2023 | $1B | -$7.1M | +16.8% | SQUARESPACE, INC. annual report (Form 10-K, SEC EDGAR, filed 2024-02-28) Fiscal year ended 2023-12-31. |
| FY2022 | $867M | -$252.2M | +10.6% | SQUARESPACE, INC. annual report (Form 10-K, SEC EDGAR, filed 2024-02-28) Fiscal year ended 2022-12-31. |
| FY2021 | $784M | -$249.1M | +26.2% | SQUARESPACE, INC. annual report (Form 10-K, SEC EDGAR, filed 2024-02-28) Fiscal year ended 2021-12-31. |
| FY2020 | $621.1M | $30.6M | +28.1% | SQUARESPACE, INC. annual report (Form 10-K, SEC EDGAR, filed 2023-03-09) Fiscal year ended 2020-12-31. |
| FY2019 | $484.8M | $58.2M | — | SQUARESPACE, INC. annual report (Form 10-K, SEC EDGAR, filed 2022-03-07) Fiscal year ended 2019-12-31. |
Click any row to see year details.
Keep researching Squarespace
Squarespace Revenue and Financial FAQ
What was Squarespace's annual revenue run-rate prior to going private?
Prior to being acquired by Permira in late 2024, Squarespace generated over $1.1 billion to $1.2 billion in annual consolidated revenue, growing at an annual rate of 18% to 20% bolstered by organic subscriber additions and the Google Domains integration.
What was the final valuation and per-share price of the Permira buyout?
Permira completed the take-private acquisition of Squarespace at a price of $46.50 per share in cash, valuing the company at an enterprise value of approximately $7.2 billion USD. The price represented a roughly 30% premium over Squarespace's unaffected trading price.
What is Squarespace's Average Revenue Per Unique Subscription (ARPUS)?
Squarespace's ARPUS expanded steadily from roughly $190 in 2021 to over $230+ by 2024, driven by price increases, customer tier upgrades to commerce and scheduling packages, and integrated Google Workspace email attachments.
How many total unique subscriptions does Squarespace manage?
Following the migration of Google Domains accounts, Squarespace manages over 5.5 million to 6.0+ million unique paid subscriptions globally, spanning active website builders, domain-only registrants, and Acuity Scheduling users.
What are Squarespace's typical operating and free cash flow margins?
Squarespace operates with strong cash generation, delivering unlevered free cash flow conversion rates between 22% and 26% of revenue (generating over $250 million to $300 million in annual free cash flow), benefiting from upfront annual customer billing and low maintenance CapEx.
How did the acquisition of Google Domains impact Squarespace's top-line revenue?
The acquisition of Google Domains added over $180 million to $200 million in incremental annualized revenue, dramatically expanding domain renewal income and providing a massive pool of users for future website SaaS upgrades.
How much does Squarespace spend annually on sales and marketing?
Squarespace allocates approximately 35% to 40% of its annual revenue to sales and marketing. This funds high-profile brand advertising campaigns, Super Bowl commercials, digital search marketing, podcast sponsorships, and affiliate partnerships.
What was the financial impact of selling Tock to American Express for $400 million?
Selling Tock for $400 million in cash provided immediate balance sheet liquidity, allowing Squarespace to streamline operations and return capital prior to closing the comprehensive buyout transaction with Permira.
How does Squarespace manage foreign currency exposure?
With over 30% of its revenue generated outside the United States (in Euros, British Pounds, Australian Dollars, and Canadian Dollars), Squarespace utilizes operational natural hedging and currency derivative instruments to manage foreign exchange volatility.
What was Squarespace's capital structure and debt load post-take-private?
To finance the $7.2 billion take-private transaction, Permira and private credit lenders (including Blackstone Credit and Blue Owl) arranged a senior secured term loan facility of approximately $2.6 billion, supplemented by equity rollover from Anthony Casalena and Permira's private equity fund.
What was Squarespace's historic stock performance on the NYSE (SQSP)?
Between its direct listing in May 2021 and its acquisition in October 2024, SQSP traded between a low of roughly $14.50 during the 2022 tech market pullback and the final buyout price of $46.50, outperforming many pandemic-era SaaS peers.
Why did Squarespace choose to go private rather than remaining public?
Going private allowed Squarespace to pursue multi-year investments in AI website generation, international expansion, and domain monetization without facing quarterly Wall Street earnings scrutiny, public market stock volatility, or short-term margin pressure.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Squarespace Revenue & Financials." CorpDigest, https://corpdigest.com/company/squarespace/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>Squarespace reported $1B in revenue (FY2023).</strong><br>Source: <a href="https://corpdigest.com/company/squarespace/financials" target="_blank" rel="noopener">CorpDigest — Squarespace financials</a></div>Related Financial Audits
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