How many employees work at Formalize?
Formalize ApS has approximately 265 total employees worldwide as of March 2026, according to Revelio Labs workforce intelligence data. Formalize’s total headcount has grown 209.1% from 86 employees in 2023 to 265 in 2026.
Is Formalize hiring right now?
Yes, Formalize is actively hiring. Formalize had 28 active job postings in 2026, a 7.4% increase from 2025 — see job openings & hiring trends.
About Formalize’s Workforce
Formalize ApS is an Information Technology Services company that employs 265 people worldwide as of March 2026. It is the 9th-largest by headcount among its peers. Founded in 2021, the company is headquartered in Denmark.
Formalize's workforce has grown 209.1% from 2023 to 2026, up 8.2% year over year in 2026. Its workforce is concentrated most in Northern Europe (63.0%), followed by Southern Europe (32.4%) and Western Europe (3.1%).
Formalize's functional groups are Finance and Operations (44.1%), Engineering (29.4%), and Sales and Marketing (26.5%), with Sales and Marketing growing fastest (up 27.3%). The average salary is $87,274, ranging from a median of $138,000 in Western Europe to $48,000 in Southern Europe, up 10.0% year over year in 2026.
Formalize's active job postings rose 7.4% in 2026 to 28, with new postings per month climbing from 10 in 2023 to 17 in 2026. Overall employee sentiment is negative but improving.
Sourced from Revelio Labs workforce data.
- Headquarters
- Denmark
- Founded
- 2021
- Industry
- Information Technology Services
- Employees
- 265
- YoY
- +8.2% (+81)
As of March 2026
Formalize workforce metrics
Unlock hiring rate, attrition rate, and 12 additional workforce metrics for Formalize. Compare to peers, export the dataset, and access the full quarterly history.
Unlock MetricsFormalize Annual Employee Count (2023-2026)
- Formalize had 265 employees in 2026, a 8.2% increase (+81) from 2025.
- Formalize had 235 employees in 2025, a 8.0% increase (+63) from 2024.
- Formalize had 172 employees in 2024, a 11.6% increase (+52) from 2023.
- Formalize had 120 employees in 2023, a 33.9% increase (+75) from 2022.
Formalize's total workforce has grown from 86 employees in 2023 to 265 in 2026.
Formalize ApS quarterly employee count
| Year | Qtr | Employees | YoY Change | YoY % |
|---|---|---|---|---|
| 2026 | Q1 | 265 | +81 | +8.2% |
| 2025 | Q4 | 235 | +63 | +8.0% |
| 2025 | Q3 | 215 | +51 | +9.0% |
| 2025 | Q2 | 202 | +43 | +11.1% |
| 2025 | Q1 | 184 | +47 | +13.6% |
| 2024 | Q4 | 172 | +52 | +11.6% |
| 2024 | Q3 | 164 | +48 | +6.8% |
| 2024 | Q2 | 159 | +73 | +16.1% |
| 2024 | Q1 | 137 | +69 | +18.2% |
| 2023 | Q4 | 120 | +75 | +33.9% |
| 2023 | Q3 | 116 | +84 | +46.0% |
| 2023 | Q2 | 86 | +58 | +40.5% |
See Formalize's complete headcount history, including quarterly breakdowns.
Get the DataFormalize Employee Count by Region (2026)
Northern Europe accounts for the largest share of Formalize's global workforce with approximately 63% of total employees, followed by Southern Europe and Western Europe.
Formalize employees by region
| Region | Employees | % of Total |
|---|---|---|
| Northern Europe | 167 | 63.0% |
| Southern Europe | 86 | 32.4% |
| Western Europe | 8 | 3.1% |
| South America | 2 | 0.8% |
| South Asia | 2 | 0.7% |
Drill into city-level data, hiring trends by region, and historic geographic shifts.
Unlock Geographic DataFormalize Employee Count by Department (2026)
Formalize's employee groups are Finance and Operations (44.1%), Engineering (29.4%), and Sales and Marketing (26.5%).
Formalize employees by department
| Department | Employees | % of Total |
|---|---|---|
| Finance and Operations | 117 | 44.1% |
| Engineering | 78 | 29.4% |
| Sales and Marketing | 70 | 26.5% |
Compare Formalize's department mix to industry peers.
See Full DataFormalize Employee Salary by Region (2026)
Formalize's average employee salary is $87,274 globally. Employees in Western Europe receive the highest compensation, with median pay approximately 1.6x the global average. Pay is lowest in Southern Europe, at a median of $48,000.
Formalize median employee salary by region (USD)
| Region | Median Salary |
|---|---|
| Western Europe | $138,000 |
| Northern Europe | $87,000 |
| Southern Europe | $48,000 |
Unlock salary by role, level, and city — and compare to Formalize's industry peers.
Unlock Salary DataFormalize Job Openings and Hiring Trends (2023-2026)
- Formalize had 28 active job postings in 2026, a 7.4% increase (+11) from 2025.
- Formalize had 17 active job postings in 2025, a 19.4% increase (+3) from 2024.
- Formalize had 14 active job postings in 2024, a 0% no change from 2023.
- Formalize had 14 active job postings in 2023, a 43.5% increase from 2022.
- Hiring velocity in 2026: 17 new roles/month, down from 20 in 2025 and 21 in 2024.
Formalize's hiring is accelerating: active job postings rose 7.4% in 2026 to 28, with new postings per month climbing from 10 in 2023 to 17 in 2026.
Track new postings per month, role-level demand, and hiring velocity vs. peers.
Unlock Hiring DataFormalize Employee Sentiment (2026)
Revelio Labs tracks employee sentiment across Formalize's workforce based on public professional data. Overall sentiment is negative and has improved year over year in 2026.
Overall
Unlock the full sentiment breakdown by department, tenure, and trend over time.
Unlock SentimentSimilar Companies
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Frequently Asked Questions About Formalize
- How fast is Formalize growing?
- In 2026, Formalize's headcount grew 8.2% to 265 employees, up from 184 in 2025.
- See the full headcount history
- Where are Formalize employees located?
- Most Formalize employees are based in Northern Europe (63.0% of headcount), followed by Southern Europe and Western Europe.
- Explore where the workforce is based
- What is the average salary at Formalize?
- The average employee salary at Formalize is approximately $87.3k per year.
- Analyze the salary distribution
- How many new job postings does Formalize open per year?
- In Q1 2026, Formalize opened 50 new job postings. In 2025, Formalize opened 236 new job postings — about 20 per month.
- Track hiring trends by role
- When was Formalize founded and where is it headquartered?
- Formalize was founded in 2021 and is headquartered in Denmark.
- Compare Formalize to industry peers
Speak with a workforce expert about Formalize.
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