Rippling hit $1B in annualized revenue in March 2026, up from $850M at the end of 2025 and growing 78% year-over-year. The company operates a multi-product expansion model with 10+ product lines each generating over $1 million in ARR. Its competitive advantage lies in horizontal integration—bundling traditionally separate HR, payroll, and IT admin functions into a single platform, which drives higher switching costs and multi-module adoption.
Cyborg Score Rationale
Rippling is a Unicorn, with a valuation of $16.8B. The company demonstrates strong growth momentum with nearly 80% ARR growth and expanding product-market fit across 20,000+ customers. Legal headwinds with competitor Deel and a highly competitive market create execution risk, but vertical integration and customer stickiness provide substantial barriers.
Top Insights
Revenue reached $1B annualized in March 2026, representing 78% year-over-year growth
Company has established European headquarters in Dublin and first Asia Pacific office in Sydney, with a second 100,000+ sq ft Bengaluru office and plans to double India workforce to 2,000 employees over three years
Rippling serves over 20,000 customers with its PEO business maintaining 99.5% year-over-year client retention rate as of fall 2024
Active bilateral litigation with Deel survived multiple dismissal motions in February 2026, with allegations including 6,000+ Slack queries and 600+ customer-list accesses by an alleged spy
Named Competitors
Workday — Enterprise cloud HR and financial management platform
Deel — Global payroll and HR platform for distributed teams
Gusto — Payroll, benefits, and HR software for small businesses
ADP — Established payroll processing and HCM provider
Personio — Mid-market HR management platform
Recent Developments
(March 2026) Reached $1 billion annualized revenue run rate
(May 2025) Raised $450M Series G funding at $16.8B valuation with no lead investor
(February 2026) Court order allowed Rippling's lawsuit against Deel to proceed past dismissal motions
(January 2025) Acquired Lekko to expand feature flag and configuration management capabilities
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