Startup Atlas · EdTech
Physics Wallah ListedUnicorn
Alakh Pandey · Founder & CEO
Prateek Maheshwari · Co-Founder
$310 MnTotal funding (tracked)
3Funding rounds
18 Nov 2025Last round
18,028Team size (sourced)
Physics Wallah: Financial Breakdown
Figures below are Q4FY26, consolidated basis, compiled from filings and disclosures — every year cited to its source.
₹918.8 Cr operating revenueTotal revenue · -76.4% YoY
₹28.8 Cr EBITDA (3.1% margin)EBITDA
₹74.9 Cr net lossNet loss · loss widened 209.5% YoY
Revenue by fiscal year
Net profit / loss by fiscal year
Bars below the line are a net loss for that year.
| Fiscal year | Revenue | Total expenses | EBITDA | Net profit / loss | Source |
|---|---|---|---|---|---|
| Q4FY26 | ₹918.8 Cr operating revenue | — | ₹28.8 Cr EBITDA (3.1% margin) | ₹74.9 Cr net loss | source |
| FY26 | ₹3,899.5 Cr operating revenue | — | ₹549 Cr EBITDA (14.1% margin) | ₹24.2 Cr net loss | source |
| Q3FY26 | ₹10,824 Mn revenue from operations | — | ₹3,512 Mn Adjusted EBITDA (32% margin) | ₹1,023 Mn PAT / net profit (9% margin) | source |
| Q2FY26 | ₹10,512 Mn revenue from operations | — | ₹2,697 Mn Adjusted EBITDA (26% margin) | ₹697 Mn PAT / net profit (7% margin) | source |
| FY25 | ₹2,886.6 Cr operating revenue | ₹3,264.9 Cr total expenses | ₹193.2 Cr EBITDA (6.7% margin) | ₹243.3 Cr net loss | source |
| FY24 | ₹1,940.4 Cr operating revenue | ₹3,279.1 Cr total expenses | -₹829.4 Cr EBITDA loss (-42.7% margin) | ₹1,131.2 Cr net loss | source |
| FY23R | ₹744.3 Cr operating revenue (restated) | ₹862.01 Cr total expenses | — | ₹84.06 Cr net loss (restated; was ₹8.9 Cr profit) | source |
| FY23 | ₹771.76 Cr operating revenue | ₹777 Cr total expenditure | ₹127 Cr Adjusted EBITDA | ₹8.9 Cr net profit (as originally filed) | source |
| FY22 | ₹232.47 Cr operating revenue | ₹103 Cr total expenditure | ₹134 Cr Adjusted EBITDA | ₹98.2 Cr net profit (per FY23 filing's comparator) | source |
Nothing here is blurred or gated — every figure Atlas has is shown in full, free.
Sources & corrections.
Every fact on this page is compiled from cited public sources — follow the “source” links beside each entry. Profile sources: techcrunch.com · Last verified 13 Jul 2026. · Report a correction