News
Alchemy Achieves Record $711 Million Revenue, Fueling Circular Economy Growth
Over the past year, we’ve continued to see rising demand for sustainable technology solutions. This, combined with our investments in innovation, has allowed us to reach a record $711 million in revenue for the latest financial year. This figure marks a 60% increase from last year's $443 million, signifying our commitment and success in expanding the circular tech economy.
In FY24 alone, we traded over 2.4 million devices worldwide—a 700,000 increase from the previous year—avoiding 148 million kilograms of CO2 emissions. Since our inception in 2017, we’ve traded more than 7 million devices.
As we continue to expand our global footprint, we’ve experienced notable growth across both JAPAC and the US over the last financial year. The US remains our largest market, with our new operations center in Miami driving significant growth in the region. Meanwhile, JAPAC has solidified its status as our fastest-growing region, with a staggering 97% increase in revenue year over year.
Walter Vicente, our co-founder, says:
“We’re not just growing as a business - we’re reshaping the circular tech economy. We are dedicated to driving industry-wide change - creating innovative solutions, promoting global sustainability, and ultimately building and maintaining trust with our global partners in managing their circular business needs.”
This is demonstrated by our continued investment in innovations like Callisto, our wholesale tech marketplace, and our dedication to setting new industry-wide standards. Earlier this year, for example, we became the first and only device refurbisher able to calculate and certify the CO2e savings of each device we sell.
Looking ahead, we’re focused on the wider expansion and development of Callisto, which makes global transactions seamless for buyers & sellers. With trust and reliability at its core, it’s set to change wholesale tech purchasing.
Overall, we remain committed to making cutting-edge technology accessible and affordable, while reducing its environmental footprint. This mission is reflected in our expansion efforts and accolades, which recently have included being ranked as the number one Irish business on the Financial Times FT1000 list of Europe’s Fastest-Growing Companies, the 11th fastest-growing technology company in Ireland in Deloitte’s Technology Fast 50, and being recognized within Deloitte’s ranking of the fastest-growing technology companies in Europe, the Middle East, and Africa (EMEA).
This record revenue milestone would not have been possible without our global team of Alchemists. With a presence in 12 countries, operating across 60 markets, we’re all working together to drive the circular economy.
