"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 with the opening of offices in London and Sydney, facilitating its adoption by companies in the United Kingdom and throughout Oceania. FloQast’s exceptional momentum was further confirmed by numerous awards received in 2025, attesting to its leadership in the fintech industry. Notably, the company was recognized in the Deloitte Technology Fast 500 and Inc. 5000 (for the third consecutive year) rankings 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.
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