Is FloQast profitable in 2026?

No public profitability figures have been disclosed. FloQast reported crossing $200 million ARR in January 2026, up from $100 million ARR at its April 2024 Series E, but as a private company it does not publish net income or profit margins.

Who are FloQast's biggest competitors?

FloQast's closest rivals are BlackLine Systems (Nasdaq: BL), the enterprise incumbent that acquired AI-agent startup WiseLayer in December 2025, plus Numeric, Workiva, and HighRadius, all racing to build similar AI-agent accounting automation.

Could AI replace FloQast's product?

AI agents already automate reconciliation, checklist tracking, and flux analysis, the core of FloQast's product, and rivals like BlackLine's WiseLayer and Numeric's AI Flux Writer target the same layer. FloQast counters with ISO 42001 auditable-AI certification and deep ERP lock-in across 3,500+ customers as of mid-2026.

Is FloQast a safe company to join in 2026?

FloQast reported $200 million ARR in January 2026 and grew headcount from 564 in 2023 to 886 by March 2026 per Revelio Labs, though Crustdata put recent headcount growth at just 2% year over year, suggesting hiring has slowed even as revenue reportedly doubled.

FloQast is privately held and venture-backed with no parent company. Its most recent funding was a $100 million Series E closed April 10, 2024, led by ICONIQ Growth at a $1.6 billion post-money valuation, with Meritech Capital and Sapphire Ventures also participating.

Is FloQast planning an IPO?

No S-1 filing or IPO date has been reported as of July 2026. FloQast publishes its own IPO-readiness marketing content, but this is company messaging, not evidence of an imminent public offering.

United States · United States

FloQast

FloQast makes software accountants use to run and audit the monthly books close.

Protection under test

Assessed 29 July 2026 · Evidence as of 29 July 2026

Something worth protecting exists and is being tested right now.

On the recordSince 29 July 2026 · Checkable from H1 2026 · Every call on the record Checkpoint: BlackLine's WiseLayer-powered AI agents ship and start appearing in competitive FloQast RFPs

The call

FloQast owns the month-end close workflow for thousands of finance teams while BlackLine, now armed with WiseLayer, tries to match its AI agent push.

FloQast makes software that helps accountants close their books at the end of each month by automating workflows, connecting to accounting systems like SAP or Oracle, and using AI agents to check for errors and compliance issues. It is hard to replace because customers have locked in thousands of workflows and rely on FloQast to be their official record for compliance audits, but BlackLine, the older public competitor, just bought a company called WiseLayer in December 2025 and is building similar AI tools to do what FloQast does. The biggest unknown is whether BlackLine can ship their new product fast enough and win deals away from FloQast before AI agents become something any vendor can offer, which could erase FloQast's edge and force the company into a less valuable funding round.

Why

AI pressure: Frontier AI labs building general bookkeeping agents. AI agents for close tasks are becoming a shared layer every accounting vendor builds, not yet a force taking FloQast's customers. Could AI do the core job? Only partly.

Bigger players: BlackLine Systems. BlackLine bought WiseLayer in December 2025 to build its own AI close agents and close the gap with FloQast. Could a giant copy it? Probably.

What protects it. Over 3,500 finance teams run their close inside FloQast's workflow, tied into ERPs and audit records that are costly to rip out.

What would change this call

BlackLine ships WiseLayer-powered AI agents and reports win rates in FloQast-competitive RFPs by late 2026. Shows whether BlackLine can neutralize FloQast's AI-agent differentiation.
FloQast announces a Series F round within the next six months. A flat or down round would signal investor doubt about maintaining its growth premium.
FloQast or a rating agency discloses net revenue retention figures in the next funding or IPO-adjacent filing. Slipping retention would indicate existing customers reducing spend or churning.

Key numbers

Crossed $200M ARR (2026-01-20)
$100M Series E at $1.6B valuation (2024-04-10)
289% 3-year revenue growth, Deloitte Fast 500 No. 267 (2025-11-19)

Named risks

BlackLine's WiseLayer-powered AI agents could win mid-market RFPs FloQast currently holds. Severity: high
No new funding round since April 2024 despite reported ARR doubling, raising repricing uncertainty. Severity: medium
Headcount growth of only 2% YoY against claimed ARR doubling is an unverified discrepancy. Severity: medium
AI-agent feature commoditization across BlackLine, Numeric, and HighRadius could erode differentiation. Severity: high
Revenue and customer figures are self-reported and unaudited as a private company. Severity: low

Rivals, as read in July 2026

Rival	Direction	Evidence
BlackLine Systems	contesting	Acquired AI-agent startup WiseLayer in December 2025 to counter FloQast's AI positioning
Numeric	contesting	Building competing AI Flux Writer for mid-market close automation as of 2026-03-03
HighRadius	contesting	Offers autonomous AI agents for CFO-office automation as of 2026-05-22
Workiva	contesting	Competes on compliance and reporting-focused financial workflows

Questions people ask

Is FloQast profitable in 2026?: No public profitability figures have been disclosed. FloQast reported crossing $200 million ARR in January 2026, up from $100 million ARR at its April 2024 Series E, but as a private company it does not publish net income or profit margins.
Who are FloQast's biggest competitors?: FloQast's closest rivals are BlackLine Systems (Nasdaq: BL), the enterprise incumbent that acquired AI-agent startup WiseLayer in December 2025, plus Numeric, Workiva, and HighRadius, all racing to build similar AI-agent accounting automation.
Could AI replace FloQast's product?: AI agents already automate reconciliation, checklist tracking, and flux analysis, the core of FloQast's product, and rivals like BlackLine's WiseLayer and Numeric's AI Flux Writer target the same layer. FloQast counters with ISO 42001 auditable-AI certification and deep ERP lock-in across 3,500+ customers as of mid-2026.
Is FloQast a safe company to join in 2026?: FloQast reported $200 million ARR in January 2026 and grew headcount from 564 in 2023 to 886 by March 2026 per Revelio Labs, though Crustdata put recent headcount growth at just 2% year over year, suggesting hiring has slowed even as revenue reportedly doubled.
Who owns FloQast?: FloQast is privately held and venture-backed with no parent company. Its most recent funding was a $100 million Series E closed April 10, 2024, led by ICONIQ Growth at a $1.6 billion post-money valuation, with Meritech Capital and Sapphire Ventures also participating.
Is FloQast planning an IPO?: No S-1 filing or IPO date has been reported as of July 2026. FloQast publishes its own IPO-readiness marketing content, but this is company messaging, not evidence of an imminent public offering.

Timeline

2026-06Reported headcount reaches 874-886 employees across trackers
2026-05Forvis Mazars Germany partnership announced alongside new Berlin hub
2026-03Global AI Agent Builder reportedly launched
2026-01-20FloQast announces surpassing $200 million ARR
2025-12BlackLine acquires AI-agent startup WiseLayer
2025-11-19Ranked No. 267 on 2025 Deloitte Technology Fast 500
2025-11-17Strategic partnership with RSM US announced
2025-03-25FloQast AI Agents and FloQast Transform launched
2024-04-10Series E closes: $100M raised at $1.6B valuation led by ICONIQ Growth
2023-02-22Company reports over 2,000 customer teams

Revision history

29 July 2026

First assessed. Protection under test. The text above is fixed as of this date and is not edited afterwards.

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