Trustpilot delivered high fiscal growth, with 20% constant-currency revenue growth in 2025, beating market projections.
The London-listed review firm expects annual revenue of about $261 million, supported by bookings of $291 million, a 22% increase over the previous year, or an 18% increase on constant currency. This two-digit growth indicates strong sales of its high-quality analytical products in a trust-based digital market.
Bookings Boom by Region
All regions performed well, according to the online review site, with North America exhibiting the most growth at 21% in constant currency, followed by Europe & the Rest of the World at 20% and the UK at 16%.
While sales increased to $261 million, a 24% increase or 20% at constant currency, annual recurring revenue surpassed the $300 million mark. Adjusted EBITDA came in ahead of the company-compiled analyst consensus of $37 million with a 14.6% margin.
The company has ended the year with $48 million in cash and after repurchases of $72 million in buybacks. In 2025, according to CEO Adrian Blair, who also noted that the business is well-positioned for 2026 because of product innovation and increased retention.
Excellent strategic and financial progress.
Sailing with Headwinds Smartly
Grizzly Research LLC, a short seller, accused Trustpilot of "mafia-style extortion campaigns against non-paying businesses" and a "concerning pattern of apparently falsified reviews" in May 2025, which caused shares of the company to plummet.
Trustpilot announced on Tuesday that it has added new AI-powered fraud detection technology
as we continuously improve our enforcement and removed 7.8 million fake reviews.
Future outlook
For 2026, the company points to revenue growth in the mid-teens, further developments in artificial intelligence, and possible expansion of share buyback programs, which will cement Trustpilot at the core of a new market competition of review platforms.
The announcement increased share prices as it showed the investor confidence in the profitability trend of the company.
Disclaimer
This article is for informational purposes only and does not constitute financial, investment, tax, or legal advice. Market data, tax rules, and prices can change after the article date. TECHi and its authors may hold positions in securities or digital assets mentioned. Always conduct your own research and consult a licensed financial, tax, or legal professional before making decisions.
About the Author
Warisha Rashid covers AI stocks and crypto markets for TECHi. Recent work explains what changed when Worldcoin cut its WLD token unlock, how AMD's rack-scale Helios design fits an asset-light strategy, and how Nvidia, Alphabet, Palantir, AMD and Broadcom compare as AI businesses.
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