Justworks Stock
| Valuation | $1.09B1 |
| Valuation Date | Jan 28, 2020 |
| Implied Valuation | n/a |
| Last Price | $16.12 |
| 52-Week High | $16.95 |
| 52-Week Low | $13.93 |
| YTD Return | -1.10% |
| 1-Year Return | +11.25% |
| 3-Year Return | -24.92% |
| Total Funding | $143M2 |
| Latest Round Amount | $50M2 |
| Latest Round | Series E |
| Funding Rounds | 6 |
| IPO Status | Unknown |
| Expected IPO Date | n/a |
| Revenue | n/a |
| Revenue Type | n/a |
| P/S Ratio | n/a |
About Justworks
Justworks is a professional employer organization (PEO) that handles payroll, benefits, compliance and HR for small businesses. Through its co-employment model, it pools the employees of thousands of small companies to give them access to large-company health insurance and other corporate-level benefits. The company also offers a standalone payroll product and an employer of record service that lets customers hire workers in other countries without setting up local entities. Justworks makes money by charging a flat monthly fee per employee along with insurance and benefits related billing. It filed to go public on the Nasdaq in late 2021 but withdrew the IPO in mid-2022 and remains private.
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News
Introducing Analytics: A Clearer Way to Understand Your Business
Justworks launched Analytics in beta for all customers at no additional cost. The feature brings people and payroll data together with interactive charts, dynamic tables and customizable reports.
A message from Justworks CEO Mike Seckler
Justworks CEO Mike Seckler announced a reduction of nearly 200 employees to increase focus, speed and growth. He said the move positions the company to return to profitability in early 2027 without ne...
Justworks doesn't regret whiffing on a 2022 IPO—and has no plans to go public next year either
Fortune reports that Justworks has no plans to go public in 2025 after shelving its 2022 IPO. CEO Mike Seckler said the company has grown revenue 2.5x since 2022 and has not raised equity capital sinc...
Justworks Announces Merger Agreement to Acquire Via, an International Employment Platform, to Accelerate its Global Solutions for Small Businesses
Justworks agreed to acquire Via, an international employment platform founded by sisters Maite and Itziar Diez-Canedo. The deal added employer of record infrastructure in 12 countries to accelerate Ju...
Justworks Launches New Standalone Payroll Product to Help All Small Businesses Grow With Confidence
Justworks announced Justworks Payroll, its first new standalone product since launching its PEO in 2012. The lightweight payroll and HR solution serves small businesses that do not need the co-employm...
Justworks Announces New Chief Executive Officer Michael Seckler
Justworks named Michael Seckler, previously its COO, as President and CEO effective November 1, 2022. Founder Isaac Oates transitioned to the role of Executive Chair of the board.
IPO market stays dormant as Justworks and Fresh Market withdraw their filings
The IPO market has been largely frozen this year as investors flee risk. That doesn't appear to be changing anytime soon.
Justworks files to take its SMB-focused, HR-themed SaaS business public
TechCrunch analyzed Justworks' S-1 filing for a Nasdaq listing under the ticker JW. The company reported $982.7 million in revenue for the fiscal year ended May 2021 with a history of profitability.
Justworks Raises $50 Million to Level the Playing Field for Small Businesses
Justworks closed a $50 million Series E round led by Union Square Ventures and FirstMark Capital, bringing total funding to $143 million. The round remains the company's most recent equity raise.