Verkada
Financial Performance
Verkada Revenue & Financials
Revenue
$357M (FY2024, unaudited)
What is Verkada's revenue?
Verkada had $357M (unaudited) in revenue for fiscal year 2024.
- Latest revenue
- $357M (FY2024, unaudited)
- Years of data
- 3
Financial Analysis
Verkada is private and does not publish audited financial statements. In March 2026 it said revenue grew 30% year over year in its latest fiscal year, without giving a dollar figure, and SiliconANGLE reported that it crossed $1 billion in annualized bookings around the time of its December 2025 round. Disclosed funding milestones include a $205 million Series D in September 2022 at a $3.2 billion valuation led by Linse Capital, a $200 million Series E in February 2025 at $4.5 billion led by General Catalyst (total funding above $700 million, per the company), a CapitalG-led investment in December 2025 at $5.8 billion, and an undisclosed NVIDIA investment announced in July 2026.
Revenue Trend Analysis
Trend
Not enough comparable years
Verkada has 2 full fiscal year figures on this page, plus 1 other figure (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 |
|---|---|---|---|
| FY2024unaudited | $357M | — | Industry estimate |
| FY2023annualized run-rate | $250M | — | Industry estimate (Forbes / Sacra ARR estimate) |
| FY2021unaudited | $130M | — | Industry estimate |
Click any row to see year details.
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Verkada Revenue and Financial FAQ
What is Verkada's current private market valuation?
Verkada was valued at $5.8 billion following an investment round led by CapitalG in December 2025, up from $4.5 billion in its February 2025 Series E led by General Catalyst.
What is Verkada's scale in annualized bookings and revenue growth?
Verkada crossed $1 billion in annualized bookings around late 2025 and reported a sustained 30% year-over-year revenue expansion rate for its latest fiscal year.
How much total venture and strategic capital has Verkada raised?
Verkada has raised over $700 million in total equity financing across seed, Series A, Series B, Series C, Series D ($205M), Series E ($200M), and strategic rounds from CapitalG and NVIDIA.
Who are Verkada's premier institutional and strategic investors?
Major backers include CapitalG, General Catalyst, Linse Capital, First Round Capital, Meritech Capital, Sequoia Capital, Next47, and semiconductor giant NVIDIA.
How large is Verkada's enterprise customer base?
As of March 2026, Verkada serves more than 31,000 corporate, education, healthcare, and government organizations worldwide, including more than 100 Fortune 500 corporations.
How many active devices does Verkada have online globally?
Verkada has more than 2 million physical security devices (cameras, door access controllers, sensors, intercoms) active and communicating with its Command cloud across 171 countries.
What is the gross margin structure across Verkada's business?
Verkada maintains software-like blended gross profit margins above 70%, combining positive gross margins on proprietary hardware manufacturing with 85%+ gross margins on recurring Command SaaS licenses.
How does Verkada's multi-year upfront licensing model support cash flow?
Because enterprise customers typically pay 3 to 10 years of software license fees upfront at installation, Verkada collects massive upfront cash that funds hardware working capital and R&D without dilutive debt.
What was the nature of NVIDIA's strategic investment in July 2026?
NVIDIA took a strategic minority equity stake in Verkada alongside a deep engineering partnership to develop edge-native computer vision models and physical AI search systems.
What are Verkada's timelines and preparations for an Initial Public Offering (IPO)?
With over $1 billion in bookings, strong cash flow, and backing from crossover investors, financial analysts anticipate Verkada will initiate an IPO in 2026–2027 once public tech markets open.
How capital efficient has Verkada been throughout its expansion?
Despite building complex physical hardware supply chains, Verkada has preserved strong capital efficiency, operating near free-cash-flow breakeven while funding international expansion.
What is Verkada's capital allocation priority moving forward?
Capital is directed toward physical AI model development with NVIDIA, opening international regional sales offices, and expanding enterprise field sales teams.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Verkada Revenue & Financials." CorpDigest, https://corpdigest.com/company/verkada/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>Verkada reported $357M as its latest revenue figure (2024, unaudited, not audited fiscal-year revenue).</strong><br>Source: <a href="https://corpdigest.com/company/verkada/financials" target="_blank" rel="noopener">CorpDigest — Verkada financials</a></div>Related Financial Audits
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