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Gumroad

Operating

Gumroad, Inc.

Transportation · San Francisco, CA · Founded 2011

Powering the online creator economy

Valuation cap ⓘ
$100.0M
As of Apr 2021 · from Reg CF Offering (2021) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$17,629,495
Crowd $5.0M · Private $12.6M · 7 rounds since 2011

Financials

FY2018–FY2025 (no data for FY2021) · from SEC filings · hover any figure for its source
$2.6M
$155K
2018
$4.9M
$288K
2019
$9.2M
$1.1M
2020
2021no data
$10.6M
−$1.2M
2022
$20.7M
$8.9M
2023
$19.0M
$4.3M
2024
$17.8M
$3.8M
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018 reviewed*
FY2019 reviewed*
FY2020
FY2022
FY2023
FY2024
FY2025
Income statement
Revenue
$2,600,950
$4,923,912
$9,210,793
$10,562,409
$20,738,506
$18,951,308
$17,785,730
Cost of goods sold
$2,600,950
$3,615,674
$6,525,214
$6,785,048
$6,498,316
$5,923,421
$6,078,822
Gross margin
0%
27%
29%
36%
69%
69%
66%
Net income
$154,849
$288,092
$1,058,745
-$1,240,819
$8,880,938
$4,290,423
$3,792,179
Taxes paid
$0
$0
$4,625
$27,543
$67,574
$354,538
$1,815,741
Balance sheet
Cash
$2,481,407
$3,324,634
$5,595,845
$8,810,331
$16,100,626
$13,821,886
$6,153,269
Accounts receivable
$0
$0
$107,460
$0
$0
$0
$0
Total assets
$3,052,290
$4,445,980
$5,794,803
$11,370,874
$18,336,708
$16,720,735
$11,948,947
Short-term debt
$2,899,347
$4,055,945
$6,401,590
$5,779,542
$4,735,255
$4,635,821
$4,191,956
Long-term debt
$0
$0
$0
$0
$0
$0
$0
Total liabilities
$2,899,347
$4,055,945
$6,401,590
$5,779,542
$4,735,255
$4,635,821
$4,191,956
Other
Headcount
—
1
1
—
1
2
2

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Valuation caps on SAFE / convertible note rounds
$100.0M
Valuation cap
Reg CF · SAFE · Mar 2021

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Cap table

Share counts as of May 3, 2021
ClassOutstandingVotes / shareShare of totalLast price
Common Stock5,061,139—100.0%—

Principal holders% as the filing states it, Apr 8, 2026

  • Sahil Lavingia85.5%of company

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $2.1MInvestors 1
Raised $1.2MInvestors 7
Reg CF · SAFE · Mar 2021Closedvia Republic
Raised $5M / $1.1MInvestors 7,331Valuation cap $100M
Raised $7MInvestors 14
Raised $1.1MInvestors 10

Team

1 person
Sahil Lavingia
CEO

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 4 of 6 annual reports (FY2020–FY2025)

7,331 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C-TRApr 14, 20260001532978-26-000005
    EDGAR
  • Form C-ARApr 8, 20260001532978-26-000001
    EDGAR
  • Form C-ARApr 8, 20260001532978-26-000003
    EDGAR
  • Form C-ARMay 15, 20240001532978-24-000002
    EDGAR
  • Form DMar 4, 20240001788463-24-000002
    EDGAR
  • Form DJun 16, 20230001865556-23-000001
    EDGAR
  • Form C-ARMay 3, 20210001213900-21-024018
    EDGAR
  • Form C-UApr 8, 20210001532978-21-000003
    EDGAR
Source: ManualCIK 0001532978DE

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.