Home
Resources
Follow portfolio news
...

FloQast exceeds $200 million in annual recurring revenue

Published on
12/2/2026
Amended on
23/3/2026
0
minute(s)
Odyssey 2021
FloQast
Used by Zoom, SumUp, and Shopify, FloQast automates and simplifies accounting workflow management. Based in Los Angeles and featured in the Vintage Altaroc Odyssey , the company has just passed the symbolic milestone of $200 million in annual recurring revenue (ARR), a sign of the growing and sustained adoption of its solutions.
By
Antoine Orsoni
Antoine Orsoni
FloQast exceeds $200 million in annual recurring revenue
This article has been automatically translated. Please excuse any inaccuracies or translation errors.
Dieser Artikel wurde automatisch übersetzt. Bitte entschuldigen Sie etwaige Ungenauigkeiten oder Übersetzungsfehler.
Questo articolo è stato tradotto automaticamente. Ci scusiamo per eventuali inesattezze o errori di traduzione.

"Exceeding $200 million in ARR is a strong validation of our founding belief: the future of accounting lies in empowering accountants, not replacing them," said Mike Whitmire, co-founder and CEO of FloQast. ARR is the revenue that FloQast can generate each year if all its customers maintain their subscriptions. Exceeding $200 million in ARR means that thousands of companies are paying FloQast on a recurring basis to automate their accounting processes. This is a strong signal, as its revenues are predictable and sustainable, rather than tied to one-off sales. It also shows that customers are staying, expanding their usage, and renewing their contracts, proving the operational value of the platform. Finally, a high ARR reflects an ability to grow steadily and scalably, without depending on a constant stream of new customers.

This milestone can be attributed to the growing adoption of the FloQast platform and a significant return on investment for its 10,000 customers worldwide. The California-based company reduces the time spent on account reconciliation by an average of 38%, shortens audit processes by 23%, and increases the accuracy of closing data by 39%.

FloQast also significantly expanded its geographic footprint in 2025, opening offices in London and Sydney, facilitating its adoption by companies in the UK and throughout Oceania. FloQast's exceptional momentum is also confirmed by numerous awards won in 2025, attesting to its leadership in the fintech world. In particular, the company was recognized in the Deloitte Technology Fast 500 and Inc. 5000 rankings (for the third consecutive year) of the fastest-growing private companies in the United States. FloQast also received several product awards, including a 2025 CODiE Award (presented by the Software & Information Industry Association) for the best fintech solution. Finally, FloQast was recognized in 2026 by Built In as one of the Best Places to Work for the eighth consecutive year.

Other episodes on this topic

Explore our content collections, which bring together different formats around a single subject/issue/theme.
No articles in this category yet.
No items found.
North America
Technology / Software
Welcome to Altaroc
To provide you with a tailored experience, we invite you to complete your profile.
Your profile
country of tax residence
Select
choosenCountry
Preferred language
Select
choosenLang
Your investor profile
Financial intermediary or Professional investor
Financial advisors, wealth management advisors, private bankers, or any other investment service providers.
Qualified Investor or Altaroc Investor
Experienced Investor or Altaroc Investor
Private investors who have already invested in Altaroc who have a minimum investment capacity of €100,000.
Private investors who have already invested in Altaroc who have a minimum investment capacity of €250,000.
Inexperienced investor
Individual investors with an investment capacity of less than €100,000.
Individual investors with an investment capacity of less than €250,000.
Institutional investor
Pension funds, retirement funds, asset management firms, and single-family offices.
Scroll down to accept General Terms and Conditions
The webpage you are trying to access is not available in your country.