Source: Mercor hit over $2B in gross revenue run rate in June, double its pace in April, and is profitable on a free cash flow basis (Julia Hornstein/The Information)

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Mercor reportedly doubled gross revenue run rate to over $2B in two months and reached free cash flow profitability.

Categories: Money & Moves

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<p><a href="https://www.techmeme.com/260706/p24#a260706p24" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Julia Hornstein / <a href="https://www.theinformation.com/">The Information</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.theinformation.com/briefings/exclusive-mercor-hit-2-billion-gross-annualized-revenue">Source: Mercor hit over $2B in gross revenue run rate in June, double its pace in April, and is profitable on a free cash flow basis</a></b></span>&nbsp; &mdash;&nbsp; Mercor hit over $2 billion in gross revenue run rate in June, double its pace in April, according to a person with direct knowledge of the company's financials.</p>