Revolut Targets $150–$200B Valuation for Eventual IPO as Profitability and Banking Licenses Strengthen Case
Revolut is reportedly aiming for a market capitalisation between $150 billion and $200 billion when it eventually lists, according to reporting that cites investor sources. The target would represent a large uplift over the firm’s most recent secondary valuation of roughly $75 billion.
The company has strengthened the case for a high valuation with record 2025 results — $6 billion in revenue and $2.3 billion pretax profit — and recent regulatory progress, including a full U.K. banking licence and ongoing U.S. charter efforts. Management says an IPO is at least two years away, and another secondary sale is reportedly scheduled for H2 2026 which could reprice the company ahead of an IPO.
Key Takeaways
- TechCrunch reported that Revolut is targeting a $150–$200B IPO valuation, citing Financial Times reporting and anonymous investor sources.techcrunch.com
- Revolut’s 2025 financials show $6B revenue and $2.3B pretax profit, supporting a premium valuation if growth and margins continue.revolut.comcnbc.com
- Management says an IPO is at least two years away; a proposed H2 2026 secondary that could price the firm >$100B is an important near-term valuation signal.techcrunch.com
- Key risks to the valuation thesis include macro market appetite for large fintech IPOs, U.S. regulatory timelines for a bank charter, and the eventual pricing of the H2 2026 secondary sale.techcrunch.comrevolut.com
Affected Companies
Sources
Revolut eyes valuation of up to $200B in eventual IPO | TechCrunch
TechCrunch
“Reported that Revolut is targeting a $150–$200B market cap in an eventual IPO and that a H2 2026 secondary could reprice the company above $100B.”
Revolut reports record profit of $2.3bn for 2025 as revenue surges to $6bn
Revolut (company release)
“Company reported $6B revenue and $2.3B pretax profit for 2025 and said it delivered a fifth consecutive year of net profitability.”
British fintech Revolut reports record annual profit as it gears up for U.S. push
CNBC
“Revolut reported a pretax profit of $2.3B for 2025 and revenue of $6B, noting expansion and a full U.K. banking licence that enables higher-margin products.”