---
title: "Rippling revenue and valuation"
description: "Rippling's ARR is estimated at $690M–$1.25B, last reported at $1B. Valued at $16.8B after raising $2.44B. Funding rounds and competitors."
url: https://www.tryspecter.com/revenue-valuation/rippling.md
canonical_url: https://www.tryspecter.com/revenue-valuation/rippling
publisher: Specter
last_updated: 2026-11-01
---

# 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.

Rippling provides a unified workforce-management platform integrating HR, IT, payroll, and finance.

- Estimated revenue: $690M to $1.25B (October 2026)
- Estimated valuation: $14.9B to $21.1B (October 2026)
- Last reported ARR: $1B (April 2026)
- Total funding: $2.44B
- Founded: 2016
- Headquarters: San Francisco, United States
- Employees: 7,855
- Sector: HR tech
- Specter Rank: #2,955

## 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.

| Reported figure | Date | Source |
| --- | --- | --- |
| $1B ARR | April 2026 | [Rippling is a beast of a company. ARR at $1B+ growing at 78% YoY. 🤯](https://x.com/sanderbuitelaar/status/2044262828660666666) (x.com) |
| $570M ARR | May 2025 | [siliconangle.com](https://siliconangle.com/2025/05/09/workforce-management-startup-rippling-raises-another-450m-16-8b-valuation/) |

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $930M | $690M | $1.25B |
| September 2026 | $960M | $740M | $1.26B |
| August 2026 | $930M | $720M | $1.19B |
| July 2026 | $1.03B | $820M | $1.29B |
| June 2026 | $1.03B | $830M | $1.27B |
| May 2026 | $920M | $750M | $1.13B |
| April 2026 | $1B | $830M | $1.2B |
| March 2026 | $950M | $720M | $1.26B |
| February 2026 | $900M | $650M | $1.25B |
| January 2026 | $860M | $650M | $1.13B |
| December 2025 | $820M | $610M | $1.09B |
| November 2025 | $770M | $610M | $980M |
| October 2025 | $740M | $550M | $980M |
| September 2025 | $700M | $530M | $920M |
| August 2025 | $660M | $530M | $830M |
| July 2025 | $630M | $520M | $770M |
| June 2025 | $600M | $490M | $730M |
| May 2025 | $570M | $470M | $690M |
| April 2025 | $570M | $460M | $700M |
| March 2025 | $570M | $470M | $690M |
| February 2025 | $570M | $460M | $700M |
| January 2025 | $570M | $430M | $760M |
| December 2024 | $570M | $450M | $720M |
| November 2024 | $570M | $410M | $790M |
| October 2024 | $570M | $440M | $740M |
| September 2024 | $570M | $450M | $720M |
| August 2024 | $570M | $410M | $800M |
| July 2024 | $570M | $420M | $780M |
| June 2024 | $570M | $410M | $790M |

## 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.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $17.7B | $14.9B | $21.1B |
| September 2026 | $16.9B | $13.7B | $20.7B |
| August 2026 | $16.8B | $13.8B | $20.4B |
| July 2026 | $16.8B | $14B | $20.2B |
| June 2026 | $16.8B | $12.9B | $21.8B |
| May 2026 | $16.8B | $13.2B | $21.4B |
| April 2026 | $16.8B | $13.4B | $21.1B |
| March 2026 | $16.8B | $13.7B | $20.6B |
| February 2026 | $16.8B | $13.9B | $20.3B |
| January 2026 | $16.8B | $14B | $20.2B |
| December 2025 | $16.8B | $13.7B | $20.6B |
| November 2025 | $16.8B | $13.9B | $20.4B |
| October 2025 | $16.8B | $14B | $20.2B |
| September 2025 | $16.8B | $13.4B | $21.1B |
| August 2025 | $16.8B | $13.5B | $21B |
| July 2025 | $16.8B | $13.8B | $20.5B |
| June 2025 | $16.8B | $13.9B | $20.4B |
| May 2025 | $16.8B | $14B | $20.2B |
| April 2025 | $16.5B | $11.4B | $23.9B |
| March 2025 | $16.2B | $11.4B | $23.1B |
| February 2025 | $16B | $11.8B | $21.6B |
| January 2025 | $15.7B | $11.8B | $21B |
| December 2024 | $15.4B | $11.7B | $20.4B |
| November 2024 | $15.2B | $11.7B | $19.7B |
| October 2024 | $14.9B | $11.9B | $18.8B |
| September 2024 | $14.7B | $11.8B | $18.2B |
| August 2024 | $14.4B | $11.6B | $17.9B |
| July 2024 | $14.2B | $11.6B | $17.4B |
| June 2024 | $14B | $11.6B | $16.9B |

| Reported valuation | Month | Source |
| --- | --- | --- |
| $16.8B | July 2026 | [finance.yahoo.com](https://finance.yahoo.com/news/rippling-deel-corporate-spying-scandal-211328217.html) |
| $16.8B | January 2026 | [techcrunch.com](https://techcrunch.com/2026/01/23/the-rippling-deel-corporate-spying-scandal-may-have-taken-another-wild-turn/) |
| $16.8B | October 2025 | [axios.com](https://www.axios.com/2025/10/10/rippling-deel-goldman-deal) |
| $16.8B | May 2025 | Funding round |
| $13.5B | April 2024 | Funding round |
| $11.3B | March 2023 | Funding round |
| $11.3B | May 2022 | Funding round |
| $6.5B | October 2021 | Funding round |
| $1.35B | August 2020 | Funding round |
| $270M | April 2019 | Funding round |

## Rippling funding rounds

| Date | Round | Raised | Post-money | Lead investors |
| --- | --- | --- | --- | --- |
| 9 May 2025 | Series G | $450M | $16.8B | Undisclosed |
| 22 Apr 2024 | Series F | $200M | $13.5B | Coatue |
| 22 Apr 2024 | Secondary | $590M | Undisclosed | Undisclosed |
| 17 Mar 2023 | Series E | $500M | $11.3B | Greenoaks |
| 11 May 2022 | Series D | $250M | $11.3B | Kleiner Perkins, Bedrock |
| 21 Oct 2021 | Series C | $250M | $6.5B | Sequoia Capital Global Equities, Global Growth |
| 4 Aug 2020 | Series B | $145M | $1.35B | Founders Fund |
| 3 Apr 2019 | Series A | $45M | $270M | Kleiner Perkins |
| 14 Mar 2017 | Seed | $7M | Undisclosed | Hydrazine Capital, Initialized Capital |

## Rippling vs competitors

The workforce management market separates traditional HR service incumbents from modern, operationally integrated software platforms.

| Company | Estimated revenue | Estimated valuation |
| --- | --- | --- |
| Rippling | $690M–$1.25B | $14.9B–$21.1B |
| ADP (adp.com) | $21.4B–$30.9B | $93.3B–$245B |
| Paychex (paychex.com) | $5.41B–$7.97B | $9.64B–$33.1B |
| UKG (ukg.com) | $2.41B–$5.88B | No estimate |
| Dayforce (dayforcehcm.com) | $940M–$1.65B | $1.65B–$7.17B |

## Questions

### 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.

## About this data

Specter models revenue and valuation monthly and anchors each estimate to reported figures and priced rounds. Method: https://www.tryspecter.com/revenue-valuation

Cite as: Specter. "Rippling revenue and valuation." tryspecter.com/revenue-valuation/rippling. Updated November 2026.