How much does Goodnotes Limited make?

Goodnotes Limited reported revenue of £104m and a loss of £1.1m in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Goodnotes Limited have?

Goodnotes Limited reported an average of 78 employees in the year to 31 Mar 2025.

Is Goodnotes Limited profitable?

No — Goodnotes Limited reported a loss of £1.1m in the year to 31 Mar 2025.

Company No. 12889528 · Incorporated 18 Sep 2020

Goodnotes Limited

Registered name: GOODNOTES LIMITED

Goodnotes Limited made £104m revenue and a £1.1m loss in the year to 31 Mar 2025. read from filing text

Goodnotes Limited’s revenue grew 17% to £104m in the year to 31 Mar 2025, with a loss of £1.1m and 78 employees. The company is classified under “other software publishing” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 58290Other software publishing

Status: Active
Location: London, London
Age: 6 yrs · since 2020
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The immediate and ultimate parent company is GoodNotes Holding Company Limited, a company registered in the Cayman Islands and controlled by Mr Ho Cheun Steven Chan.”

Latest accounts · year to 31 Mar 2025

Key figures

Cash flow filed

Revenue

£104m

Growth ▲17%

Profit

−£1.1m

Growth ▼151.1%

Profit margin

−1.1%

Gross 45.7%

Employees

Change ▲56%

Profit / employee

−£14.6k

Revenue/employee £1.3m

Profitable streak

0yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£21.5m	£41.9m	£88.7m	£104m
Cost of sales	£8.5m	£19.5m	£44.6m	£56.4m
Gross profit	£12.9m	£22.4m	£44.2m	£47.4m
Operating profit	—	—	£3m	−£1.3m
Profit before tax	−£42.2m	−£23.7m	£3.3m	−£1.1m
Profit after tax	−£31.7m	−£18.1m	£2.2m	−£1.1m
Profit (best available)	−£31.7m	−£18.1m	£2.2m	−£1.1m
Staff costs	£1.9m	£5.5m	£7.7m	£11.4m
Employees (average)	13	32	50	78
Ratios
Profit margin	−147.7%	−43.1%	2.5%	−1.1%
Gross margin	60.2%	53.4%	49.8%	45.7%
Revenue per employee	£1.7m	£1.3m	£1.8m	£1.3m
Profit per employee	−£2.4m	−£565k	£44.5k	−£14.6k
Cash conversion	—	—	400.3%	—
Growth (year on year)
Revenue growth	—	▲95.5%	▲111.6%	▲17%
Profit growth	—	—	—	▼151.1%
Headcount growth	—	▲146.2%	▲56.3%	▲56%
Balance sheet — indirect signals, not revenue
Cash at bank	£11.3m	£24.9m	£9.4m	£10.8m
Net assets	−£31.9m	−£50m	−£47.8m	−£48.9m
Fixed assets	£127m	£113m	£101m	£85.6m
Current assets	£24.1m	£47.1m	£33.6m	£38.7m
Debtors	£2.2m	£5.3m	£8.3m	£11.4m
Deferred income	£1.4k	£438k	£344k	£455k
Cash from operations	—	−£14.1m	£12.1m	−£1.9m
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: −1.1%; Profit ÷ revenue.
Gross margin: 45.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.3m; Revenue ÷ average employees.
Profit per employee: −£14.6k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 82.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 11%; 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: —; Now −£48.9m
Cash at bank: ▲15%; Now £10.8m
Headcount: ▲56%; Now 78
Deferred income: ▲32%; Now £455k
Fixed assets: ▼15%; Now £85.6m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Subsidiaries (1)

Good Practice Training LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£1.1m), from the Companies House accounts bulk data published Dec 2025. 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.