StartEngine Tripled Its Revenue in 2020!
We are thrilled to announce that StartEngine (STGC) tripled its annual revenue in 2020! Here are some numbers detailing our explosive growth from our recent Form C-AR filing*:
- $13.9M Revenues: Our 2020 revenues were $13.9M, representing YoY growth of 221% compared to our 2019 revenues of $4.3M
- $10.4M Gross Profit: Our 2020 gross profits were $10.4M, 371% YoY growth compared to our gross profits of $2.2M in 2019.
- 75% Gross Margin: We improved our gross margin in 2020 to 75% as compared to 51% in 2019.
We are so excited by our growth last year, and we are showing no signs of slowing down! We had a record-setting Q1 for StartEngine, helping companies raise over $57M, launching 52 new investment opportunities, and welcoming nearly 79,048 new members to our community of 400,000 prospective investors.
And in Q2, we crossed another important benchmark for our company: over $350M raised on StartEngine to date.
Our recent momentum has been critical to helping us achieve our growth, and of that $350M, more than $200M has been invested in the last 12 months alone.
And in April, we celebrated our biggest month ever, helping companies raise $30.2M.
That’s more than $1M invested every single day for an entire month.
With the regulatory changes that went into effect on March 15th, companies can now raise more funding and investors can invest more money in a calendar year, which we believe will accelerate our growth even more.
Read more about our unaudited financials in our annual Form C-AR here and stay tuned for our full 2020 audited financials in the coming weeks!
We are proud to be the #1 market leader, helping companies raise more funding via Regulation Crowdfunding and Regulation A+ than any other platform on the market, and we look forward to more growth this year.
*Numbers may be subject to change due to adjustments made during the audit.