Ramp is telling investors it is about to hit $1.4 billion in revenue a year, as the company prepares to go public

"Ramp is on track to reach a $1.4 billion in annual recurring revenue this quarter, significantly increasing from the $1 billion projected in September."

"The company is growing its customer base by about 70% year over year and expects to generate roughly $125 million in free cash flow this year."

"Ramp's valuation has surged, starting the year at $13 billion and peaking at $32 billion after three rapid equity rounds between June and November of 2025."

"Ramp is preparing for a potential IPO by the end of the year, building the financial reporting and compliance infrastructure required of a public company."

Ramp, a fintech startup based in New York, anticipates reaching $1.4 billion in annual recurring revenue this quarter, up from $1 billion in September. Founded in 2019, Ramp offers financial tools including a corporate charge card and expense management software. The company is experiencing a 70% year-over-year growth in its customer base and expects to generate $125 million in free cash flow this year. Ramp is preparing for an IPO by building necessary financial reporting and compliance infrastructure, although its public offering timeline remains uncertain.

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