FloQast Achieves $100M in Annual Recurring Revenue, Rides Global Momentum into 2024

LOS ANGELES, Feb. 06, 2024 (GLOBE NEWSWIRE) — FloQast, a Finance and Accounting Operations Platform created by accountants for accountants, today announced it has attained $100 million in Annual Recurring Revenue (ARR) – a historic milestone showcasing robust growth and market leadership in more than a decade of growth for the company. This accomplishment marks a transformative year for FloQast, highlighted by an expanding customer roster, international expansion, and numerous accolades.

“Reaching the $100M ARR milestone is a testament to the incredible dedication and hard work of the entire FloQast team,” said Mike Whitmire, co-founder and CEO at FloQast, CPA. “When we started this journey, $100M ARR was our ambitious financial goal — I literally wrote it on a whiteboard next to my desk — and hitting it is an extraordinary achievement that we are immensely proud of. This accomplishment is the result of a collective effort, and we wouldn’t be here without the day-to-day contributions of every team member. We look forward to carrying this growth into 2024 and beyond.”

Throughout the year, FloQast achieved remarkable success, unveiling an array of accomplishments:

This collection of achievements underscores FloQast’s commitment to excellence, innovation, and continued growth in the ever-evolving landscape of accounting workflow automation.

About FloQast
FloQast, a Finance and Accounting Operations Platform created by accountants for accountants, enables organizations to operationalize accounting excellence. Trusted by more than 2,600 accounting teams – including Twilio, Los Angeles Lakers, Zoom, and Snowflake – FloQast was built by accountants, for accountants to enhance the way accounting teams work. FloQast enables customers to streamline and manage the Financial Close, Finance and Accounting Operations, and Compliance Programs. With FloQast, teams can manage every aspect of the month-end Close, reduce their compliance burden, stay audit-ready, and improve accuracy, visibility, and collaboration throughout the financial function. FloQast is consistently rated #1 across all user review sites. Learn more at FloQast.com.

Contact:

Kyle Cabodi

FloQast Director of Corporate Communications

kyle.cabodi@floqast.com

 


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