Finance orchestration platform Payhawk has unveiled its audited monetary outcomes for the 12 months ended 31 December 2024, reporting an 85 per cent year-over-year enhance in IFRS income to €23.4million. This represents a close to four-fold enhance in comparison with the €5.9million reported in 2022.
The corporate’s annual recurring income (ARR) grew by 78 per cent to €39.5million. Based on the corporate, its development was supported by a web income retention (NRR) price of 173.5 per cent, as present prospects expanded their use of the platform. The annualised common income per account (ARPA) additionally elevated by 21 per cent to €25,900.
Payhawk attributes this development to its strategic shift from spend administration to a broader ‘finance orchestration’ mannequin, which unifies company playing cards, expense administration, accounts payable and procure-to-pay processes with ERP and HR programs.
Monetary efficiency and unit economics
Alongside top-line income development, Payhawk reported enhancements in its operational and monetary metrics. The corporate expanded its gross margin on web income to 82 per cent and lowered its web money utilized in working actions by 34 per cent to €22.0million.
The corporate’s non-GAAP working loss decreased by 10 per cent to €24.5million, whereas the IFRS working loss narrowed to €31.3million from €33.9million within the earlier 12 months. Payhawk ended the 12 months with €109.6 million in money and money equivalents.
Hristo Borisov, co-founder and CEO of Payhawk, commented: “In two years, we’ve practically quadrupled IFRS income whereas increasing margins and decreasing working money use. With NRR at 173.5 per cent and ARPA up 21 per cent, prospects are adopting extra of the platform as we transfer from spend administration to finance orchestration – unifying playing cards, payables, and real-time funds with clever automation. With €109.6million in money and our personal EU and UK EMI licences, we’re investing within the infrastructure and capabilities enterprises want for the following decade.”
Konstantin Dzhengozov, co-founder and chief monetary officer, additionally added: “The unit-economics engine is working. Gross margin on web income is 82 per cent, LTV/CAC is 8.0×, and web money utilized in working actions fell 34 per cent. Pair that with NRR of 173.5 per cent and ARPA development, and you’ve got environment friendly enlargement – extra worth per buyer and a path to larger working leverage as volumes migrate to our personal regulated funds stack.”
Operational and strategic developments
Payhawk highlighted a number of key milestones in 2024 and early 2025 that supported its development. The corporate secured a UK Digital Cash Establishment (EMI) licence to enrich its present EU authorisation, consolidating management over its fee flows.
It additionally deepened its integrations with ERP and accounting programs, together with Sage Intacct, DATEV, Odoo, and Actual Globe, and expanded its superior card controls throughout 32 nations. Partnerships with J.P. Morgan Funds and American Specific had been additionally famous as strengthening its international fee capabilities.
In 2025, Payhawk launched its ‘AI Workplace of the CFO’, introducing clever brokers designed to deal with complicated finance workflows through a conversational interface. The corporate additionally strengthened its administration workforce with the appointments of Dan Osburn as chief funds officer, Thibaud Catry as chief compliance officer, and Stephen Mulholland as chief income officer. The corporate acknowledged its forward-looking technique includes additional funding in AI, market enlargement within the US, and continued service enlargement.
