StartEngine Inc.
startengine.comWhat Do They Do?
Sells accredited investors interests in funds holding shares of late-stage private companies, and provides online fundraising and securities services to companies seeking capital.
10-K for FY2025, filed Mar 31, 2026 Twelve Months Twelve Months Ended December 31, Ended December 31, 2025 2024 …View ↗
StartEngine Private: The Company provides accredited investors the opportunity to purchase membership interests in funds (“SE Funds”) which…View ↗
Offerings: Depending on the type of offering being made, we currently operate as a technology platform connecting issuers and investors, as…View ↗
Regulation A Offerings: Through StartEngine Primary, our broker-dealer, we host Regulation A offerings on our platform. These companies are…View ↗
How Do They Make Money?
Most revenue comes from selling shares of late-stage private companies to SE Funds, with payment on each sale. Companies raising money on the platform also pay fees from escrow: Regulation A fees as services are provided during the campaign, and crowdfunding fees when funds are disbursed.
10-K for FY2025, filed Mar 31, 2026 Twelve Months Twelve Months Ended December 31, Ended December 31, 2025 2024 …View ↗
The Company provides accredited investors the opportunity to purchase membership interests in funds (“SE Funds”) which own shares of…View ↗
F-14 consideration is also given to broader economic and market conditions that might impact the valuation of private companies, such as…View ↗
The Company recognizes revenues from Regulation A and Regulation D platform fees at an agreed-upon rate. In 2025 the rate is a percentage…View ↗
Revenues from Regulation Crowdfunding platform fees are recognized at an agreed-upon rate based on the amount invested in an offering.…View ↗
$109.6M
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10-K for FY2025, filed Mar 31, 2026
$109.6M ↗
Who Are Their Customers?
Companies seeking to raise capital list offerings on StartEngine's platform; accredited and non-accredited investors use the website or app to invest in those offerings, while accredited investors can also buy fund interests tied to private-company shares.
10-K for FY2025, filed Mar 31, 2026StartEngine aims to revolutionize the startup financing model by helping both accredited and non-accredited investors invest in private…View ↗
StartEngine offers its services via its website and through its iOS application which launched in 2021.View ↗
Offerings: Depending on the type of offering being made, we currently operate as a technology platform connecting issuers and investors, as…View ↗
StartEngine Private: The Company provides accredited investors the opportunity to purchase membership interests in funds (“SE Funds”) which…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 1 cent of every revenue dollar as net income in FY2025 and turned 11 cents into free cash flow.
10-K for FY2025, filed Mar 31, 2026
$1.4MView ↗
10-K for FY2025, filed Mar 31, 2026
$1.5MView ↗
10-K for FY2025, filed Mar 31, 2026
$12.3MView ↗
How Are They Changing?
Growing. Revenue grew 3.8x in 4 years, from $29.1M in FY2021 to $109.6M in FY2025, about 39% a year.
Private-company funds
The older report describes crowdfunding, broker-dealer, transfer-agent and asset-securitization services; the latest adds funds whose interests give accredited investors a stake in late-stage private-company shares.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Mar 31, 2026StartEngine aims to revolutionize the startup financing model by helping both accredited and non-accredited investors invest in private…View ↗
Offerings: Depending on the type of offering being made, we currently operate as a technology platform connecting issuers and investors, as…View ↗
StartEngine Assets: The goal of StartEngine Assets is to provide retails investors the opportunity to invest in various asset classes -…View ↗
Collectibles sales
The older report says StartEngine Assets was selling securities tied to collectibles; the latest says the fund stopped selling and the company does not plan further asset purchases.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Mar 31, 2026StartEngine Assets: The goal of StartEngine Assets is to provide retails investors the opportunity to invest in various asset classes -…View ↗
StartEngine Assets: The goal of StartEngine Assets is to provide retails investors the opportunity to invest in various asset classes -…View ↗
Wine and whiskey investing
The latest report adds an acquired platform for investors to buy and manage fine wine and whiskey holdings alongside the earlier collectible-asset offerings.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Mar 31, 2026StartEngine Assets: The goal of StartEngine Assets is to provide retails investors the opportunity to invest in various asset classes -…View ↗
Vinovest: Vinovest was acquired in March 2026. Vinovest platform for fine wine and whisky investment. Vinovest uses data and industry…View ↗
Who Do They Compete With?
Competes with WeFunder, Republic, MicroVentures, Dalmore, Dealmaker, AngelList, EquityNet, FundersClub, Fundable, Computershare, VStock Transfer, Forge, and EquityZen
10-K for FY2025, filed Mar 31, 2026With respect to offerings made under Regulation Crowdfunding, we compete with other intermediaries, including brokers and funding portals…View ↗
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