Strong Revenue Growth:
Company statements describe being on track for about $350M on its internal “contribution” metric in 2024, up from roughly $140M in 2022, with earlier filings showing FY2021 revenue growth over the prior year. Rising platform throughput (more W‑2s and larger payroll/tax volumes in 2024–2025) supports continued scaling.
Market Expansion:
The business extended beyond its U.S. PEO core with Employer of Record services (e.g., Canada) and continued scaling internationally, while reaching 12,000+ small‑business customers by 2024/2025. Higher 2025 W‑2 issuance and taxes processed versus 2024 indicate deeper penetration across served markets.
Product Line Growth:
A standalone Payroll product launched in 2023 and an Analytics feature arrived in 2026, broadening the platform’s scope. The agreement to acquire Via in 2023 added capabilities to accelerate international hiring/EOR offerings.
