---
title: Five Years of Profit and No IPO. What Is Revolut Waiting For?
description: Revolut posted $2.3bn profit for 2025, outearning Monzo, Starling, and N26 combined. CEO Nik Storonsky says a Nasdaq IPO is still years away.
author: Darie Nani (Editor-in-Chief)
date: 2026-03-24T22:04:07.352Z
updated: 2026-03-24T22:05:13.288Z
canonical: https://www.sovereignmagazine.com/article/revolut-record-profit-ipo-delay
image: https://cdn.nanimediahouse.com/revolut-profit-2025.webp
categories: FinTech
content_type: News
region: United Kingdom
publication: Sovereign Magazine
access: members
about:
  - type: Organization
    name: Revolut
---

Revolut reported pre-tax profit of £1.7 billion ($2.3 billion) for 2025, a 57 per cent jump on the prior year and the fifth consecutive year the London-based fintech has been in the black. Revenue climbed 46 per cent to £4.5 billion. Customer balances grew 66 per cent to $67.5 billion. Its loan book more than doubled.

By any reasonable measure, these are IPO-ready numbers. And yet Revolut's chief executive Nik Storonsky says a public listing is "most likely" two to three years away. His preferred venue is Nasdaq, not the London Stock Exchange.

The delay is deliberate. It is also, by several billion dollars, increasingly expensive.

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