How many employees work at Waterloo Formula Electric?
Waterloo Formula Electric has approximately 298 total employees worldwide as of March 2026, according to Revelio Labs workforce intelligence data. Waterloo Formula Electric’s total headcount has grown 145.8% from 121 employees in 2023 to 298 in 2026.
About Waterloo Formula Electric’s Workforce
Waterloo Formula Electric is an Automotive Services company that employs 298 people worldwide as of March 2026. It is the 11th-largest by headcount among its peers. Founded in 2011, the company is headquartered in Waterloo, Canada.
Waterloo Formula Electric's workforce has grown 145.8% from 2023 to 2026, up 4.0% year over year in 2026. Its workforce is concentrated most in North America (99.1%), followed by Western Europe (0.9%).
Waterloo Formula Electric's functional groups are Finance and Operations (44.9%), Engineering (32.3%), and Sales and Marketing (22.8%), with Sales and Marketing growing fastest (up 33.1%). The average salary is $45,281, highest in North America at a median of $41,000, down 1.0% year over year in 2026.
Overall employee sentiment is positive and broadly stable.
Sourced from Revelio Labs workforce data.
- Headquarters
- Waterloo, Canada
- Founded
- 2011
- Industry
- Automotive Services
- Employees
- 298
- YoY
- +4.0% (+63)
As of March 2026
Waterloo Formula Electric workforce metrics
Unlock hiring rate, attrition rate, and 12 additional workforce metrics for Waterloo Formula Electric. Compare to peers, export the dataset, and access the full quarterly history.
Unlock MetricsWaterloo Formula Electric Annual Employee Count (2023-2026)
- Waterloo Formula Electric had 298 employees in 2026, a 4.0% increase (+63) from 2025.
- Waterloo Formula Electric had 311 employees in 2025, a 10.9% increase (+119) from 2024.
- Waterloo Formula Electric had 192 employees in 2024, a 4.0% increase (+34) from 2023.
- Waterloo Formula Electric had 158 employees in 2023, a 8.1% decline (+27) from 2022.
Waterloo Formula Electric's total workforce has grown from 121 employees in 2023 to 298 in 2026.
Waterloo Formula Electric quarterly employee count
| Year | Qtr | Employees | YoY Change | YoY % |
|---|---|---|---|---|
| 2026 | Q1 | 298 | +63 | +4.0% |
| 2025 | Q4 | 311 | +119 | +10.9% |
| 2025 | Q3 | 316 | +48 | +9.6% |
| 2025 | Q2 | 185 | +61 | +3.6% |
| 2025 | Q1 | 235 | +64 | +5.3% |
| 2024 | Q4 | 192 | +34 | +4.0% |
| 2024 | Q3 | 268 | +106 | +4.0% |
| 2024 | Q2 | 124 | +3 | -21.9% |
| 2024 | Q1 | 171 | +23 | -8.9% |
| 2023 | Q4 | 158 | +27 | -8.1% |
| 2023 | Q3 | 162 | +0 | -13.0% |
| 2023 | Q2 | 121 | +39 | +2.5% |
See Waterloo Formula Electric's complete headcount history, including quarterly breakdowns.
Get the DataWaterloo Formula Electric Employee Count by Region (2026)
North America accounts for the largest share of Waterloo Formula Electric's global workforce with approximately 99% of total employees, followed by Western Europe.
Waterloo Formula Electric employees by region
| Region | Employees | % of Total |
|---|---|---|
| North America | 293 | 99.1% |
| Western Europe | 3 | 0.9% |
Drill into city-level data, hiring trends by region, and historic geographic shifts.
Unlock Geographic DataWaterloo Formula Electric Employee Count by Department (2026)
Waterloo Formula Electric's employee groups are Finance and Operations (44.9%), Engineering (32.3%), and Sales and Marketing (22.8%).
Waterloo Formula Electric employees by department
| Department | Employees | % of Total |
|---|---|---|
| Finance and Operations | 133 | 44.9% |
| Engineering | 96 | 32.3% |
| Sales and Marketing | 68 | 22.8% |
Compare Waterloo Formula Electric's department mix to industry peers.
See Full DataWaterloo Formula Electric Employee Salary by Region (2026)
Waterloo Formula Electric's average employee salary is $45,281 globally. Employees in North America receive the highest compensation.
Waterloo Formula Electric median employee salary by region (USD)
| Region | Median Salary |
|---|---|
| North America | $41,000 |
Unlock salary by role, level, and city — and compare to Waterloo Formula Electric's industry peers.
Unlock Salary DataWaterloo Formula Electric Employee Sentiment (2026)
Revelio Labs tracks employee sentiment across Waterloo Formula Electric's workforce based on public professional data. Overall sentiment is positive and has held steady year over year in 2026.
Overall
Unlock the full sentiment breakdown by department, tenure, and trend over time.
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Frequently Asked Questions About Waterloo Formula Electric
- How fast is Waterloo Formula Electric growing?
- In 2026, Waterloo Formula Electric's headcount grew 4.0% to 298 employees, up from 235 in 2025.
- See the full headcount history
- Where are Waterloo Formula Electric employees located?
- Most Waterloo Formula Electric employees are based in North America (99.1% of headcount), followed by Western Europe.
- Explore where the workforce is based
- What is the average salary at Waterloo Formula Electric?
- The average employee salary at Waterloo Formula Electric is approximately $45.3k per year.
- Analyze the salary distribution
- When was Waterloo Formula Electric founded and where is it headquartered?
- Waterloo Formula Electric was founded in 2011 and is headquartered in Waterloo, Canada.
- Compare Waterloo Formula Electric to industry peers
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