Fintech Brex expects its annual net revenue to reach $500 million in 2025, according to a person familiar with the company’s operations as cited by Bloomberg and The Information.
While the startup did not comment on the specific revenue projection, it did share that Brex has seen “3x overall revenue growth” year-over-year. It also told TechCrunch that it has grown its enterprise business by 80% year-over-year. Brex says it now counts over 150 public companies as customers including Anthropic, Arm, Robinhood, ServiceTitan, Sonos and Wiz.
CEO and co-founder Pedro Franceschi told TechCrunch in 2024 that he expected the company to be cash-flow positive by 2025. At that time, he said that an IPO would soon follow the company turning a profit but that it had to “get there first.”
The startup has brought in over $1.5 billion in both primary and secondary transactions and was valued at over $12.3 billion at its peak in 2022.
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