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PADL
OperatingPADL Holdings LLC
Founded 2017
Self-serve paddle sport rentals
Post-money valuation ⓘ
$25.3M
As of Aug 2022 · from PADL Preferred Stock 2 · pre-money + amount raised, not a traded price
Total raised
$367,153
Across 2 rounds since 2020
Latest share price
$2.27
PADL Preferred Stock 2 offering price
Financials
FY2018–FY2022 · from SEC filings · hover any figure for its source$100
−$29K
2018
$3K
−$40K
2019
$24K
−$214K
2020
$111K
−$520K
2021
$256K
−$371K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018
FY2019
FY2020
FY2021
FY2022
Income statement
Revenue
$100
$2,783
$24,498
$110,589
$256,405
Cost of goods sold
$0
$0
$7,213
$38,521
-$88,961
Gross margin
100%
100%
71%
65%
65%
Net income
-$28,891
-$39,548
-$214,390
-$519,514
-$370,819
Taxes paid
$0
$0
$0
$195,525
$0
Balance sheet
Cash
$5,741
$1,630
$5,134
$98,084
$253,555
Accounts receivable
$0
$24
$365
$3,496
$69,328
Total assets
$235,444
$311,148
$172,839
$165,037
$983,271
Short-term debt
$33,205
$53,133
$83,156
$46,088
-$62,719
Long-term debt
$94,682
$183,575
$215,480
$1,120,727
-$1,617,500
Total liabilities
$127,887
$236,708
$298,636
$1,166,815
-$1,680,219
Other
Headcount
—
3
3
—
7
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; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.
Valuation over rounds
Post-money = pre-money + amount raised · caps marked$5.0M
Valuation cap
$25.3M
post-money
PADL Holdings LLC Convertible Note 1
PADL Preferred Stock 2
A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.
Fundraising history
Raised $252K / $5MInvestors 234Post-money $25.3M
Raised $115.2K / $1.1MValuation cap $5M
Reg CF annual-report compliance
Not requiredFewer than 300 holders of record
Filed 2 of 6 annual reports (FY2020–FY2025)
234 investors
holder-count proxy
Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.
SEC filings
Source: ManualCIK 0001831335Share price $2.27
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.