Formspree Due Diligence
Run due diligence on Formspree: check compliance and get alerts when suppliers change.
United States · formspree.io · 23 vendors
Formspree is a service that provides a backend for website forms, enabling developers to create custom, functional forms without writing server-side code. It handles form processing, spam filtering, data validation, and email notifications. The service also offers integrations with various third-party applications.
Resilience scores
- Digital Sovereignty: 83
- Digital Resilience: 8
- Financial Resilience: 7
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Services catalogue
3 services in catalogue across 1 category; runs on 23 sub-vendors.
- Form submission handling
- Formspree
- Korey
Insights
Last updated 2026-08-03 · revision 1
23 direct vendors, 235 subvendors
Direct vendors by controlling owner country (sample)
- United States: 19
- Sweden: 3
- Norway: 1
Subvendors by controlling owner country (sample)
- Italy: 1
- Czech Republic: 1
- Sweden: 8
Compliance
5 in-scope frameworks identified; showing 3.
ISO 27001 (source) — No public evidence
Evidence: https://formspree.io/security/
AWS Shared Responsibility Model — Evidence found
Evidence: https://formspree.io/security/, https://aws.amazon.com/security/
SOC 2 (source) — Evidence found
Evidence: https://formspree.io/security/, https://formspree.io/
Financials
Three-year financials
- 2024:
- 2023:
- 2022:
Financial Resilience Score: 7/10
Formspree, Inc. is a bootstrapped, privately held US SaaS company that has operated since 2015 without disclosed institutional venture funding. Its longevity of approximately 10 years past the typical SaaS failure window, combined with continued product investment and expansion, strongly suggests the business is at minimum cash-flow-neutral and likely profitable. The subscription-based recurring revenue model, meaningful scale (1M+ users, ~5M submissions/month), and enterprise-grade compliance posture (SOC 2 Type II, GDPR, CCPA) support a stable financial profile with predictable MRR/ARR and reduced enterprise sales friction. However, financial resilience cannot be fully verified due to complete opacity — no audited financials, revenue figures, EBIT, or equity data are publicly available since the company is a private US corporation not subject to public register requirements. The competitive landscape is intense with numerous rivals (Typeform, Netlify Forms, Tally, Fillout, Web3Forms) and commoditization risk from AI-generated backend code and built-in form features in platforms like Webflow and Vercel. Being bootstrapped also means Formspree lacks a large defensive war chest for aggressive competitive responses or downturns, and small-team concentration creates key-person risk. On balance, qualitative signals point to a stable, profitable small SaaS, but the lack of transparency and structural competitive risks warrant a moderate-to-good resilience score rather than a top-tier rating.
Key strengths: Bootstrapped and self-funded since 2015 with no known outside VC dilution or debt disclosures, 10-year operating history, well past typical SaaS failure window, Meaningful scale: 1M+ users and ~5M form submissions per month, Recurring subscription SaaS revenue model yielding predictable MRR/ARR, Fortune 500 customers among user base, supporting enterprise-tier ARPU, SOC 2 Type II, GDPR, and CCPA compliance reduces enterprise sales friction, Low fixed overhead from remote-first distributed small team, Active product development with recent integrations (Cloudflare Turnstile, ActiveCampaign, @formspree/ajax)
Risk factors: Complete financial opacity — no audited financials or revenue disclosure, Intense competition from Typeform, Netlify Forms, Tally, Fillout, Web3Forms, and platform-native form features, Commoditization risk from AI-generated backend code and free tiers of larger platforms, Dependency on email deliverability and third-party cloud infrastructure vendors, Small team creates key-person concentration risk, Bootstrapped model limits war chest for defensive competitive responses or downturns, Limited pricing power in a crowded form-backend niche
Revenue by geography
- North America (primarily US): 70%
- Europe (UK, Germany, other): 20%
- Rest of World: 10%
Revenue by product/service
- Form Backend Endpoint (Core SaaS Subscriptions): 100%
Workforce by country
- Brazil: 0
- Thailand: 0
- United States: 0
- United Kingdom: 0
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