Revolut and SumUp are profitable European unicorns

Revolut and SumUp are the only two confirmed profitable companies among the 10 most valuable unicorn startups in Europe according to Pitchbook.

In total, there are about 140 unicorn startups in Europe in terms of euros. Most of them became unicorns because they chose a hypergrowth strategy. As a result, most of them are operating at a loss.

There are only two exceptions in the top 10. The first one is the British Revolut, which announced EBITDA of £45 million ($54 million) in Q4 2023. The second is mobile payment company SumUp, which reported a pre-tax profit of £1.2 million ($1.5 million) in its 2022 declaration.