Rippling revenue and valuation
Specter estimates Rippling's annual revenue at $690M to $1.25B and its valuation at $14.9B to $21.1B. The company last reported $1B ARR in April 2026 and was priced at $16.8B in May 2025.
- Estimated revenue
- $690M–$1.25B
- Estimated valuation
- $14.9B–$21.1B
- Reported ARR
- $1B
- Total funding
- $2.44B
- Founded
- 2016
- Headquarters
- San Francisco, United States
- Employees
- 7,855
Rippling revenue
Rippling grew from $570M ARR in May 2025 to $1B in April 2026. Specter's model puts current ARR between $690M and $1.25B, anchored to two reported figures.
Monthly data
| Month | Specter estimate | Low | High | Reported ARR |
|---|---|---|---|---|
| $930M | $690M | $1.25B | ||
| $960M | $740M | $1.26B | ||
| $930M | $720M | $1.19B | ||
| $1.03B | $820M | $1.29B | ||
| $1.03B | $830M | $1.27B | ||
| $920M | $750M | $1.13B | ||
| $1B | $830M | $1.2B | $1B | |
| $950M | $720M | $1.26B | ||
| $900M | $650M | $1.25B | ||
| $860M | $650M | $1.13B | ||
| $820M | $610M | $1.09B | ||
| $770M | $610M | $980M | ||
| $740M | $550M | $980M | ||
| $700M | $530M | $920M | ||
| $660M | $530M | $830M | ||
| $630M | $520M | $770M | ||
| $600M | $490M | $730M | ||
| $570M | $470M | $690M | $570M | |
| $570M | $460M | $700M | ||
| $570M | $470M | $690M | ||
| $570M | $460M | $700M | ||
| $570M | $430M | $760M | ||
| $570M | $450M | $720M | ||
| $570M | $410M | $790M | ||
| $570M | $440M | $740M | ||
| $570M | $450M | $720M | ||
| $570M | $410M | $800M | ||
| $570M | $420M | $780M | ||
| $570M | $410M | $790M |
| Date | Reported ARR | Source |
|---|---|---|
| $1B | ||
| $570M |
Rippling valuation
Rippling's valuation rose from $270M at its Series A in April 2019 to $16.8B at its Series G in May 2025. Specter's live estimate sits between $14.9B and $21.1B.
Monthly data
| Month | Specter estimate | Low | High | Reported valuation |
|---|---|---|---|---|
| $17.7B | $14.9B | $21.1B | ||
| $16.9B | $13.7B | $20.7B | ||
| $16.8B | $13.8B | $20.4B | ||
| $16.8B | $14B | $20.2B | $16.8B (press) | |
| $16.8B | $12.9B | $21.8B | ||
| $16.8B | $13.2B | $21.4B | ||
| $16.8B | $13.4B | $21.1B | ||
| $16.8B | $13.7B | $20.6B | ||
| $16.8B | $13.9B | $20.3B | ||
| $16.8B | $14B | $20.2B | $16.8B (press) | |
| $16.8B | $13.7B | $20.6B | ||
| $16.8B | $13.9B | $20.4B | ||
| $16.8B | $14B | $20.2B | $16.8B (press) | |
| $16.8B | $13.4B | $21.1B | ||
| $16.8B | $13.5B | $21B | ||
| $16.8B | $13.8B | $20.5B | ||
| $16.8B | $13.9B | $20.4B | ||
| $16.8B | $14B | $20.2B | $16.8B (round) | |
| $16.5B | $11.4B | $23.9B | ||
| $16.2B | $11.4B | $23.1B | ||
| $16B | $11.8B | $21.6B | ||
| $15.7B | $11.8B | $21B | ||
| $15.4B | $11.7B | $20.4B | ||
| $15.2B | $11.7B | $19.7B | ||
| $14.9B | $11.9B | $18.8B | ||
| $14.7B | $11.8B | $18.2B | ||
| $14.4B | $11.6B | $17.9B | ||
| $14.2B | $11.6B | $17.4B | ||
| $14B | $11.6B | $16.9B |
Rippling funding rounds
| Date | Round | Raised | Post-money valuation | Lead investors |
|---|---|---|---|---|
| Series G | $450M | $16.8B | Undisclosed | |
| Series F | $200M | $13.5B | Coatue | |
| Secondary | $590M | Undisclosed | Undisclosed | |
| Series E | $500M | $11.3B | Greenoaks | |
| Series D | $250M | $11.3B | Kleiner Perkins, Bedrock | |
| Series C | $250M | $6.5B | Sequoia Capital Global Equities, Global Growth | |
| Series B | $145M | $1.35B | Founders Fund | |
| Series A | $45M | $270M | Kleiner Perkins | |
| Seed | $7M | Undisclosed | Hydrazine Capital, Initialized Capital |
Rippling competitors
The workforce management market separates traditional HR service incumbents from modern, operationally integrated software platforms.
| Company | Revenue | Valuation |
|---|---|---|
| $690M–$1.25B | $14.9B–$21.1B | |
| $21.4B–$30.9B | $93.3B–$245B | |
| $5.41B–$7.97B | $9.64B–$33.1B | |
| $2.41B–$5.88B | No estimate | |
| $940M–$1.65B | $1.65B–$7.17B |
Rippling revenue and valuation FAQ
What is Rippling's revenue?
Specter estimates Rippling's annual recurring revenue at $690M to $1.25B as of October 2026. Rippling last reported $1B ARR in April 2026, up from $570M in May 2025.
What is Rippling's valuation?
Rippling's latest post-money valuation is $16.8B, from a May 2025 Series G. Specter's live estimate is $14.9B to $21.1B.
What is Rippling's revenue multiple?
Rippling is valued at about 16.8× ARR, based on its $16.8B May 2025 valuation and $1B last reported ARR. That works out to roughly $127K of ARR per employee.
How much funding has Rippling raised?
$2.44B across nine rounds, from a $7M Seed in March 2017 to a $450M Series G in May 2025.
Who invested in Rippling?
50 investors, including Bedrock, Coatue, Global Growth, Greenoaks, Kleiner Perkins and Sequoia Capital Global Equities.
Who are Rippling's competitors?
ADP, Paychex, UKG and Dayforce. Specter ranks 30 competitors for Rippling.