Only 6 of 73 Unicorn Startups Are Profitable, and None Did Recent IPOs

The six profitable Unicorn startups (out of 73) did IPOs many years ago and no Unicorn startup among those announcing or doing an IPO since Zoom in August 2019 were profitable in 2019 (or 2020). This suggests that the privately held Unicorns, ones that have yet to do IPOs, are mostly unprofitable and thus the record low profitability of startups is likely to get worse. With a global valuation of $1.9 trillion for privately held Unicorns, startups valued at $1 billion or more, most of their valuations will be significantly reduced or…