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Odoo: sales up 32% to €426 million by 2024

Published on
30/6/2025
Amended on
25/3/2026
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Odyssey 2021
Odoo
Odoo, a Belgian company featured in the Vintage Altaroc FPCI Odyssey , reported a 32% increase in revenue last year, bringing it to €426 million. This growth is in line with the open-source business software specialist’s target of reaching €1 billion in revenue by 2026.
By
Antoine Orsoni
Antoine Orsoni
Odoo: sales up 32% to €426 million by 2024
This article has been automatically translated. Please excuse any inaccuracies or translation errors.
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In addition to this milestone, many other indicators have also risen for Odoo. The number of customers exceeded 13 million, and revenues from subscriptions and support reached 345 million euros. Implementation and training services, meanwhile, brought in 81.9 million euros, a spectacular 45% increase over 2023.

Odoo is the first Walloon unicorn, established in 19 countries and with over 5,000 employees. It offers a platform covering all its customers' operational needs: accounting, invoicing, sales management, CRM, human resources, logistics, e-commerce, marketing automation, project management and production.

In concrete terms, Odoo enables its customers to centralize all their activities in a single digital environment, with a fluid, customizable user experience accessible via the cloud. Odoo's approach is based on an open source model (freely accessible and modifiable code) combined with a commercial offering, enabling it to reach a wide range of users, from micro-businesses to international groups such as Toyota Material Handling or Sodexo.

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