Checkr vs Deel: Revenue, Profit and Business Model
Checkr reported $800M of revenue in FY2025 and — of net income. Deel reported $1.5B of revenue in FY2026 and — of net income.
Latest financial snapshot
Financial summary
Checkr
Checkr is private and does not publish audited statements, but it discloses headline figures. Revenue topped $700 million in 2024 and grew about 14% to more than $800 million gross in 2025, with net revenue (excluding government fees) above $500 million and, per the company, consistent profitability. It raised roughly $550 million in venture funding through its 2021 Series E ($250M at a $4.6B valuation) and has been valued at about $5 billion since April 2022. New CFO Tim Yarbrough said in April 2026 his focus is building the multi-product platform rather than an IPO timeline.
Deel
Deel is private and does not publish audited financials, but it discloses ARR milestones. ARR rose from about $57 million at the end of 2021 to $295 million at the end of 2022 (TechCrunch), $800 million by December 2024, more than $1 billion by June 2025, and more than $1.5 billion in the first half of 2026. Deel says it recorded its first $100 million revenue month in September 2025 and describes itself as profitable, without disclosing margins. Funding includes a $425 million Series D at $5.5 billion (October 2021), a $12 billion valuation in May 2022, a $12.6 billion secondary sale in early 2025, and a $300 million Series E at $17.3 billion (October 2025) led by Ribbit Capital with Andreessen Horowitz and Coatue. In November 2025 it hired former Intuit executive Joe Kauffman as CFO, a move widely read as IPO preparation.
Revenue and profit by year
Checkr
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | $800M | — | 0.0% | +14.3% | Source |
| FY2024 | $700M | — | 0.0% | — | Source |
Where the revenue comes from
Checkr
- Pay-per-report background screening
Not disclosed
Per-check and package fees for criminal, driving, drug and credential checks; gross revenue includes pass-through court and government fees.
- Verification products beyond hiring
Not disclosed
Truework income and employment verification for lenders, plus Checkr Trust API lookups for security and marketplace customers.
- Monitoring and add-ons
Not disclosed
Continuous criminal and MVR monitoring, compliance workflows and consumer Checkr Personal reports.
Deel
- Employer of Record (EOR) fees
Not disclosed
Monthly per-employee fees (list price from $599) for employing staff abroad through Deel's local entities.
- Contractor management subscriptions
Not disclosed
Monthly per-contractor fees (from $49) for contracts, compliance, and payouts; Deel Shield is priced on top.
- Global Payroll and HR modules
Not disclosed
Per-employee fees for payroll on clients' own entities, plus paid HR, immigration, and PEO services.
- Deel IT, payouts, and FX
Not disclosed
Equipment provisioning fees and income from currency conversion and worker payout products such as the Deel Card.
Business model and strategy
Checkr
How it makes money
Checkr is a B2B usage-based platform. Employers, gig platforms and lenders order verifications through its dashboard, more than 100 HR and applicant-tracking integrations, or a REST API, and pay per report or package. Gross revenue includes court access and other government fees Checkr passes through; net revenue strips those out, which is why Checkr reports both figures ($800M+ gross and $500M+ net in 2025).
Growth strategy
After winning gig platforms, Checkr moved upmarket into enterprise hiring (customers named in 2025 include Avis Budget Group, Philips, Extra Space Storage and Invitation Homes) and downmarket into SMBs through the roughly $400 million GoodHire purchase in 2022.
Competitive advantage
Checkr's edge is software speed and developer reach. Its API and integrations let platforms order and adjudicate checks without manual work, while its AI models normalize fragmented county court data and match records to the right person. Usage across gig, enterprise and SMB customers (via GoodHire) feeds what Checkr calls its People Data Graph, which it now reuses across Truework, Checkr Trust and Checkr Personal.
Deel
How it makes money
Deel sells recurring, per-worker services. When a company wants to hire someone in a country where it has no legal entity, Deel's local entity becomes the Employer of Record: it signs the employment contract, runs payroll, withholds taxes, and provides statutory benefits, while the client directs the work and pays Deel one invoice.
Growth strategy
Deel is expanding from international hiring into running payroll and HR for a company's whole workforce. Levers include Global Payroll for clients' own entities (strengthened by buying Safeguard Global's enterprise payroll business in March 2025), domestic US payroll and PEO services, a free HRIS that pulls in small and mid-size companies, and acquisitions;
Competitive advantage
Deel's advantage is owned coverage plus product breadth. It operates its own entities and payroll capability in most of the countries it serves, so it can onboard workers quickly and control compliance instead of relaying work to local partners.
Questions about Checkr vs Deel
Which company has higher revenue — Checkr, Inc. or Deel, Inc.?
Checkr, Inc. reported $800.0M (FY2025), while Deel, Inc. reported $1.5B (FY2026). By last reported revenue, Deel, Inc. is the larger business, with Checkr, Inc. reporting a smaller revenue base. Note: these are from different fiscal years and are not a direct like-for-like comparison.
Which is more financially efficient — Checkr, Inc. or Deel, Inc.?
Checkr, Inc. generates $800k / employee in revenue per employee, while Deel, Inc. generates $156k / employee. Checkr, Inc. shows higher revenue efficiency per headcount, though this reflects business model differences — capital-light software companies routinely outperform labour-intensive manufacturers on this metric.
How do Checkr, Inc. and Deel, Inc. make money?
Checkr, Inc. and Deel, Inc. generate revenue in fundamentally different ways. Checkr, Inc.: Checkr is a B2B usage-based platform. Deel, Inc.: Deel sells recurring, per-worker services.
Is Checkr, Inc. bigger than Deel, Inc.?
By last reported revenue, Deel, Inc. ($1.5B (FY2026)) is the larger company compared to Checkr, Inc. ($800.0M (FY2025)). Revenue scale is one dimension of size — market capitalisation, employee count, and geographic reach are also relevant depending on the context.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Checkr vs Deel overview