How much does Veracode Ltd make?

Veracode Ltd reported revenue of £10.6m and £264k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Veracode Ltd have?

Veracode Ltd reported an average of 53 employees in the year to 31 Dec 2025.

Is Veracode Ltd profitable?

Yes — Veracode Ltd reported a profit of £264k in the year to 31 Dec 2025.

Company No. 07217991 · Incorporated 9 Apr 2010

Veracode Ltd

Registered name: VERACODE LTD

Veracode Ltd made £10.6m revenue and £264k profit in the year to 31 Dec 2025.

Veracode Ltd’s revenue fell 3% to £10.6m in the year to 31 Dec 2025, with £264k profit and 53 employees. The company is classified under “other information technology service activities” and is based in Bristol; we hold 5 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62090Other information technology service activities

Status: Active
Location: Bristol, South West
Age: 16 yrs · since 2010
Type: Private Limited Company

Latest accounts · year to 31 Dec 2025

Key figures

IndependentCapital-lightCash flow filed

Revenue

£10.6m

Growth ▼3.3%

Profit

£264k

Growth ▲98.4%

Profit margin

2.5%

Employees

Change ▼15.9%

Profit / employee

£5k

Revenue/employee £200k

Profitable streak

4yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

5 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	No P&L	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£12.2m	£12.4m	£10.9m	£10.6m
Operating profit	—	£411k	£341k	£331k	£327k
Profit before tax	—	£410k	£342k	£328k	£354k
Profit after tax	—	£341k	£217k	£133k	£264k
Profit (best available)	—	£341k	£217k	£133k	£264k
Employees (average)	59	73	75	63	53
Ratios
Profit margin	—	2.8%	1.8%	1.2%	2.5%
Revenue per employee	—	£168k	£165k	£174k	£200k
Profit per employee	—	£4.7k	£2.9k	£2.1k	£5k
Cash conversion	—	−58.4%	16.6%	−268.2%	−261.7%
Growth (year on year)
Revenue growth	—	—	▲1.3%	▼11.7%	▼3.3%
Profit growth	—	—	▼36.4%	▼38.6%	▲98.4%
Headcount growth	—	▲23.7%	▲2.7%	▼16%	▼15.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£557k	£440k	£297k	£906k	£1.4m
Net assets	£2.8m	£3.1m	£3.4m	£3.5m	£3.8m
Fixed assets	£318k	£461k	£318k	£190k	£171k
Current assets	£3m	£3.4m	£3.9m	£4.1m	£4.8m
Debtors	£2.4m	£3m	£3.6m	£3.2m	£3.4m
Cash from operations	—	−£240k	£56.8k	−£889k	−£855k
Source	FullAccounts · bulk data Oct 2023	FullAccounts · bulk data Oct 2023	FullAccounts · bulk data Oct 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 2.5%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £200k; Revenue ÷ average employees.
Profit per employee: £5k; Profit ÷ average employees.
Cash conversion: −261.7%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 32.1%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲8%; Now £3.8m
Cash at bank: ▲58%; Now £1.4m
Headcount: ▼16%; Now 53
Deferred income: —; Now —
Fixed assets: ▼10%; Now £171k

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £264k), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.