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LTM Revenue ($M), Growth, and FCF Margin at IPO

Meritech CapitalJanuary 2026
LTM Revenue ($M), Growth, and FCF Margin at IPO
Chart by Meritech Capital. Source: meritech.substack.com

Chart displaying the Last Twelve Months (LTM) revenue, growth rate, and free cash flow margin at IPO for tech companies in 2025, led by Klarna with over $3 billion in LTM revenue.

LabelValue shown on the chart
Klarna$3,010
Pattern Group$2,093
Circle$1,890
Chime$1,800
StubHub$1,795
eToro$788
Via$381
Figure Technology$375
Wealthfront$339
MNTN$246
Bullish$223
Omada Health$190

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View the original on meritech.substack.com

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