Stripe’s Revenue Growth Slid Last Year as Firm Burned Through Cash

Stripe’s revenue growth fell sharply last year and the firm was unprofitable, factors the payments giant will need to navigate while planning to either go public or raise money privately in the next year.

The company’s gross revenue—the amount of sales it pulls in before paying out a significant chunk to credit card companies—was $14.4 billion last year, a person familiar with the matter said. For comparison, Forbes had reported that the company generated nearly $12 billion in gross revenue in 2021, up 60% from a year earlier.