JC Bahr-de Stefano(@jbahrdestefano):Pretty amazing to see @mercury’s 9yr journey to $1B run-rate Worth noting: > Growth looks like it’s re-accelerating at scale - went from $500M in ‘24 rev to a $650M run-rate in Sep ‘25, and is now growing ~50% YoY > Rev per customer dipped which makes sense as new customers skewed SMB + rates came down > Customer growth keeps accelerating: +40% in ‘24, +50% in ‘25, then 300K to 450K+ in under 10 mos Many of the estimates in the table def aren’t perfectly accurate but should be directionally solid

2026.10.19 20:22

Pretty amazing to see @mercury’s 9yr journey to $1B run-rate Worth noting: > Growth looks like it’s re-accelerating at scale - went from $500M in ‘24 rev to a $650M run-rate in Sep ‘25, and is now growing ~50% YoY > Rev per customer dipped which makes sense as new customers skewed SMB + rates came down > Customer growth keeps accelerating: +40% in ‘24, +50% in ‘25, then 300K to 450K+ in under 10 mos Many of the estimates in the table def aren’t perfectly accurate but should be directionally solid