Ramp revenue and valuation
Specter estimates Ramp's annual revenue at $1.66B to $2.4B and its valuation at $51.4B to $74.4B. The company last reported $2B ARR in October 2026 and was priced at $61.9B in October 2026.
- Estimated revenue
- $1.66B–$2.4B
- Estimated valuation
- $51.4B–$74.4B
- Reported ARR
- $2B
- Total funding
- $5.57B
- Founded
- 2019
- Headquarters
- New York City, United States
- Employees
- 6,224
Ramp revenue
Ramp last reported $2B ARR in October 2026. Specter's model puts current revenue between $1.66B and $2.4B, anchored to five reported figures.
Monthly data
| Month | Specter estimate | Low | High | Reported figure |
|---|---|---|---|---|
| $2B | $1.66B | $2.4B | $2B | |
| $1.86B | $1.45B | $2.39B | ||
| $1.73B | $1.37B | $2.19B | ||
| $1.61B | $1.29B | $2.02B | ||
| $1.5B | $1.25B | $1.8B | $1.5B | |
| $1.43B | $1.08B | $1.91B | ||
| $1.37B | $1.1B | $1.71B | ||
| $1.31B | $950M | $1.8B | ||
| $1.25B | $960M | $1.63B | ||
| $1.2B | $930M | $1.54B | ||
| $1.14B | $890M | $1.47B | ||
| $1.09B | $870M | $1.37B | ||
| $1.05B | $850M | $1.29B | ||
| $1B | $830M | $1.2B | $1B | |
| $940M | $710M | $1.24B | ||
| $890M | $700M | $1.13B | ||
| $840M | $640M | $1.1B | ||
| $790M | $650M | $960M | ||
| $740M | $610M | $900M | ||
| $700M | $580M | $840M | $700M | |
| $530M | $430M | $650M | ||
| $400M | $330M | $480M | ||
| $300M | $250M | $360M | $300M | |
| $300M | $240M | $370M | ||
| $300M | $230M | $390M | ||
| $300M | $230M | $390M | ||
| $300M | $220M | $400M | ||
| $300M | $230M | $390M | ||
| $300M | $220M | $420M |
| Date | Reported figure | Source |
|---|---|---|
| $2B ARR | ||
| $1.5B ARR | ||
| $1B revenue | ||
| $700M revenue | ||
| $300M revenue |
Ramp valuation
Ramp's valuation rose from $1.6B at its Series B in April 2021 to $61.9B at its Series G in October 2026. Specter's live estimate sits between $51.4B and $74.4B.
Monthly data
| Month | Specter estimate | Low | High | Reported valuation |
|---|---|---|---|---|
| $61.9B | $51.4B | $74.4B | $61.9B (round) | |
| $44B | $36.6B | $52.9B | $44B (press) | |
| $44B | $37B | $52.4B | ||
| $44B | $36.6B | $52.9B | $44B (press) | |
| $44B | $36.6B | $52.9B | $44B (round) | |
| $46.8B | $41.3B | $53.1B | ||
| $49.8B | $42.9B | $57.9B | ||
| $53B | $45B | $62.4B | ||
| $56.4B | $47.4B | $67.1B | ||
| $60B | $49.9B | $72.1B | $60B (press) | |
| $43.8B | $36.8B | $52.2B | ||
| $32B | $26.6B | $38.5B | $32B (round) | |
| $28.5B | $24.2B | $33.4B | ||
| $25.3B | $21.3B | $30.1B | ||
| $22.5B | $18.7B | $27.1B | $22.5B (press) | |
| $22.5B | $18.7B | $27.1B | $22.5B (round) | |
| $16B | $13.3B | $19.2B | $16B (round) | |
| $15.2B | $13.3B | $17.3B | ||
| $14.4B | $12.8B | $16.3B | ||
| $13.7B | $13B | $14.4B | ||
| $13B | $10.7B | $15.8B | ||
| $12.3B | $10.3B | $14.7B | ||
| $11.7B | $9.17B | $14.8B | ||
| $11.1B | $8.95B | $13.7B | ||
| $10.5B | $8.51B | $12.9B | ||
| $9.73B | $7.91B | $12B | ||
| $9.28B | $7.66B | $11.2B | ||
| $8.84B | $7.57B | $10.3B | ||
| $8.42B | $7.13B | $9.95B |
Ramp funding rounds
| Date | Round | Raised | Post-money valuation | Lead investors |
|---|---|---|---|---|
| Series G | $1.85B | $61.9B | Founders Fund, Dragoneer Investment Group, Sands Capital Ventures, Thrive Capital, Avenir | |
| Secondary | Undisclosed | Undisclosed | Undisclosed | |
| Series F | $750M | $44B | ICONIQ Capital, GIC, Ontario Teachers' Pension Plan | |
| Series E | $300M | $32B | Lightspeed Venture Partners | |
| Series E | $500M | $22.5B | ICONIQ Capital | |
| Series E | $200M | $16B | Founders Fund | |
| Secondary | $150M | Undisclosed | Undisclosed | |
| Series D | $150M | $7.65B | Khosla Ventures, Founders Fund | |
| Series D | $300M | $5.8B | Sands Capital Ventures, Thrive Capital | |
| Debt financing | $550M | Undisclosed | Undisclosed | |
| Series C | $200M | $8.1B | Founders Fund | |
| Series C | $300M | $3.9B | Founders Fund | |
| Series B | $115M | $1.6B | Stripe, D1 Capital Partners | |
| Debt financing | $150M | Undisclosed | Goldman Sachs | |
| Series B | $30M | Undisclosed | Undisclosed | |
| Series A | $15M | Undisclosed | Founders Fund | |
| Seed | $7M | Undisclosed | Keith Rabois |
Ramp competitors
Corporate spend management platforms are consolidating around automated payments and intelligent expense controls.
| Company | Revenue | Valuation |
|---|---|---|
| $1.66B–$2.4B | $51.4B–$74.4B | |
| $700M–$1.29B | $8.36B–$12.1B | |
| $1.29B–$1.97B | $3.89B–$5.57B | |
| $70M–$139M | $280M–$1.22B | |
| $720M–$1.11B | $5.62B–$6.69B |
Ramp revenue and valuation FAQ
What is Ramp's revenue?
Specter estimates Ramp's annual revenue at $1.66B to $2.4B as of October 2026. Ramp last reported $2B ARR in October 2026.
What is Ramp's valuation?
Ramp's latest post-money valuation is $61.9B, from an October 2026 Series G. Specter's live estimate is $51.4B to $74.4B.
What is Ramp's revenue multiple?
Ramp is valued at about 30.9× ARR, based on its $61.9B October 2026 valuation and $2B last reported ARR. That works out to roughly $321K of ARR per employee.
How much funding has Ramp raised?
$5.57B across 17 rounds, from a $7M Seed in August 2019 to a $1.85B Series G in October 2026.
Who invested in Ramp?
89 investors, including Avenir, Dragoneer Investment Group, Founders Fund, ICONIQ Capital, Sands Capital Ventures and Thrive Capital.
Who are Ramp's competitors?
Brex, BILL, Payhawk and Navan. Specter ranks 30 competitors for Ramp.