Mercury avoided layoffs during the 2022-2024 tech downturn while achieving 10 consecutive quarters of GAAP profitability. CEO Immad Akhund told TechCrunch the company reached $500M in revenue in 2024, growing to $650M in 2025 with approximately 1,100 employees and 300,000 customers. Akhund stated: "We've never had layoffs and we've been really thoughtful about hiring."
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Mercury closed accounts of customers in Ukraine, Belarus, Croatia, and Nicaragua in 2024 without warning, citing compliance review. Affected founders criticized lack of due process.
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Mercury — Data Privacy: OPPOSED Mercury closed accounts of customers in Ukraine, Belarus, Croatia, and Nicaragua in 2024 without warning, citing compliance review. Affected founders criticized lack of due proc… https://reciepts.tech/stance/1166
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See all →Mercury CEO Immad Akhund stated in July 2023: "We are remote-first rather than hybrid. Most of the meetings people have are on Zoom." He said remote work "from an employee perspective, it's just clearly, I think in most cases, better—most people want the flexibility." Mercury scaled from 30 to 500+ employees while remote-first, with intentional culture-building via team gatherings at least four times a year.