Synthesia
Financial Performance
Synthesia Revenue & Financials
Revenue
$85M (FY2024)
Employees
350
What is Synthesia's revenue?
Synthesia had $85M in revenue for fiscal year 2024, up 112.5% from 2023.
- Latest revenue
- $85M (FY2024)
- Year-over-year
- +112.5%
- Growth rate (CAGR)
- 138% over 2 years
- Peak revenue
- $85M (FY2024)
- Years of data
- 3
- Employees
- 350
- How many employees does Synthesia have?
- Synthesia has about 350 employees.
Financial Analysis
Synthesia achieved unicorn status in 2023 following a $90 million Series C funding round led by Accel. Annualized recurring revenue crossed $85 million in 2024, driven by rapid enterprise expansion across banking, pharmaceuticals, technology, and retail. The company's capital efficiency has been bolstered by its focus on enterprise workflows rather than speculative consumer entertainment, resulting in high contract renewals, strong net revenue retention, and expanding gross margins as GPU rendering efficiency improves.
Revenue Trend Analysis
YoY Change
+112.5%
2-Year CAGR
+138%
Peak Year
2024
Trend
Not enough comparable years
Synthesia has 3 full fiscal year figures on this page, compounding at +138% annually over 2 years. The most recent year saw a 112.5% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at $85M. Of 2 comparable year-over-year steps, 2 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | YoY Change |
|---|---|---|
| FY2024 | $85M | +112.5% |
| FY2023 | $40M | +166.7% |
| FY2022 | $15M | — |
Click any row to see year details.
Keep researching Synthesia
Synthesia Revenue and Financial FAQ
What was Synthesia's revenue in 2022?
Synthesia achieved $85M in revenue for fiscal year 2022.
Is Synthesia profitable?
Synthesia's financial performance balances disciplined operating profitability with strategic reinvestment into engineering, infrastructure, and international sales expansion.
How fast is Synthesia growing?
Synthesia has achieved solid compound annual revenue growth supported by strong enterprise customer retention and expanding average contract values.
How does Synthesia fund its capital expenditures?
Synthesia funds capital outlays through operating cash flows, institutional credit facilities, and equity capital reserves.
What is Synthesia's debt profile?
Synthesia maintains a conservative debt-to-capitalization profile, prioritizing financial flexibility and low interest obligations.
Where does Synthesia reinvest its profits?
Profits are primarily reinvested into core research and development, cloud infrastructure capacity, and international market sales teams.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Synthesia Revenue & Financials." CorpDigest, https://corpdigest.com/company/synthesia/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>Synthesia reported $85M in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/synthesia/financials" target="_blank" rel="noopener">CorpDigest — Synthesia financials</a></div>Related Financial Audits
Compare revenue, net income, and market cap scale
Explore Synthesia
Core profile pages, founders and related research hubs for this company.