Gusto has $1 billion in revenue, a number that puts it closer to the public markets

While AI disruption looms over many legacy SaaS companies, many HR technology startups appear to be thriving.

One such company is Gusto, which provides payroll for small businesses. The 14-year-old company, last valued at more than $9 billion, announced it surpassed $1 billion in revenue earlier this year. على عكس العديد من الشركات الناشئة التي تعلن عن إيرادات سنوية متكررة (ARR) – وهو تقدير لقيمة عقودها خلال الـ 12 شهرًا القادمة – يمثل رقم Gusto الإيرادات الفعلية المكتسبة خلال الـ 12 شهرًا السابقة. ما هو أكثر من ذلك، كان بدء التشغيل For several years. Its revenue growth has also accelerated in each of the past five quarters, Josh Reeves, CEO and co-founder of Gusto, told TechCrunch.

Fortune reported, when it launched a $200 million offer to its employees in June 2025. The deal determined the value of the company according to where it was valued. .

That’s a bargain for Gusto investors compared to its deca competitors. For example, Deel, which serves large international companies, came across last year. The company was last valued at $17.3 billion when it raised a $300 million round co-led by Ribbit Capital and Andreessen Horowitz in October.

After raising $450 million in May 2025.

By crossing the $1 billion revenue threshold, Gusto clearly demonstrates its financial strength against its peers.

The company has made other big moves, too. Last year, it was completed a startup that offers retirement plans to small and medium-sized businesses, for approx .

Following the board’s December appointment of Anthropic CTO Gusto has already reported huge efficiency gains. According to the company, AI now accounts for 50% of all new code generation and handles an equal share of customer support cases.

نظرًا لتقييمها المتواضع نسبيًا مقارنة بإيراداتها، فإن شركة Gusto في وضع جيد لجمع أموال أخرى، أو حتى الاكتتاب العام الأولي، بتقييم أعلى. The company has another major factor in its favor. بينما يظل المنافسان Deel وRippling متورطين في مكانة رفيعة المستوى Gusto has stayed away from these types of headlines and focused on his business.

. However, a public debut looks uncertain in 2026, while the IPO market is still very tepid.

When TechCrunch interviewed Reeves in December, he insisted that he doesn’t spend much time thinking about an IPO, preferring instead to focus on customer service and scaling the business.

As for whether this has changed given the level of revenue, the company won’t say so. “There’s nothing to share on the IPO timeline front,” a Gusto spokesperson tells us.

Note: This story has been updated to include more details on the financial health from CEO Josh Reeves.