Alchemy, a Circular Technology Company, Reaches $711 Million in Sales, Driving Circular Economy Growth

Alchemy, a rapidly growing global leader in circular technology, announced a record revenue of $711 million for the fiscal year ending March 31, 2024. This represents a 60% increase from the previous year’s $443 million, underscoring the company’s continued success in expanding the circular technology economy.

This impressive financial performance was fueled by increasing demand for sustainable technology solutions. In fiscal year 2024, Alchemy transacted over 2.4 million devices globally, up by 700,000 compared to the prior year, reducing carbon emissions by 148 million kg. Since its founding in 2017, Alchemy has handled over 7 million devices worldwide.

Walter Vicente, CEO of Alchemy, commented:

“We remain focused on innovation and sustainability as we navigate the rapidly evolving circular economy. This year’s achievements reflect our commitment to reducing environmental impact while delivering value to consumers and businesses alike.”

The company saw substantial growth in the U.S., opening a new facility in Miami, which remains its largest market. Meanwhile, the Asia-Pacific region, including Japan, achieved a remarkable 97% year-on-year sales growth, making it Alchemy’s fastest-growing market.

Globally, Alchemy is investing in innovations such as its tech wholesale marketplace, Callisto, reshaping the circular technology landscape. Earlier this year, the company became the first equipment refurbishment firm to calculate and certify the carbon savings for each piece of equipment sold. Alchemy aims to lead the industry in sustainability while building strong global partnerships to meet the growing demands of circular business.

In June 2023, the company expanded its U.S. operations with a third location in Miramar, Florida, and now operates in 12 countries, spanning 60 markets. Alchemy’s rapid global expansion and innovation have earned it recognition from several prestigious organizations. The company was ranked the number one Irish firm on the Financial Times 1000 list of Europe’s Fastest Growing Companies, placing 257th overall. Alchemy has also featured in Deloitte’s Technology Fast 500 EMEA for four consecutive years and is ranked 11th in Ireland’s Deloitte Technology Fast 50.

Looking ahead, Alchemy will focus on further developing Callisto, its online trading platform for tech wholesale buyers and sellers. Callisto simplifies tech trading by providing access to competitive deals and facilitating secure, seamless transactions for global buyers and sellers.

As Alchemy continues to expand and introduce innovative solutions, the company remains dedicated to making advanced technology more accessible, affordable, and environmentally sustainable.

About Alchemy

Headquartered in Dublin, Ireland, Alchemy is recognized as one of Ireland’s fastest-growing technology companies. With global facilities in the U.S., UK, Australia, Dubai, Hong Kong, Mexico, South Korea, Taiwan, and Japan, the company provides end-to-end solutions for equipment warehousing, sorting, grading, returns, and shipping. Alchemy handles both B2B and D2C operations across Europe, with fulfillment hubs in Ireland and France.

Alchemy’s pioneering technology integrates every stage of the circular technology market, from trade-in to remarketing, creating a transparent chain of custody. The company partners with manufacturers, carriers, and retailers to recover value from used devices securely.

Alchemy also owns Loop Mobile, a leading online retailer of used mobile phones, serving key markets such as the U.S., Europe, UK, and Australia.

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