Is Librio already generating a profit?

Librio has operated overall profitably since 2019.

We posted a loss in 2021 due to strong investment in international growth.

We returned to profitability in 2022 while keeping the high revenue levels from 2021.

In 2023, we’re already 35% up on 2022’s revenue and are on track to have our most profitable year yet.

With the capital from our crowd campaign, we’ll invest in growing the business which will lead to a short-term drop in profitability. However, we expect to return to consistent profitability from 2026 onwards.