Year 1 Numbers: 1,400 Customers, $415K Revenue

We launched in May 2026. May 2027 is our one-year anniversary. Time for an honest numbers report. Here is what year 1 actually looked like: customers, revenue, team, churn, Mercury approval, and what went wrong.

Answer

Year 1: 1,400 customers across 47 countries. $415K total revenue. Net margin ~45% ($186K profit). Team grew from 3 to 6. Mercury approval rate across our intake: 78%. Customer retention through year 2 (early indicator): 92%. Top countries: India 24%, UK 12%, Bangladesh 11%, Pakistan 8%, UAE 7%. Top business types: agency 32%, SaaS 22%, e-commerce 20%, content 15%, freelance 11%.

By Zawwad, Founder & CEO, WyomingLLC by Topslice LLC.

Last updated May 20, 2026

Customer numbers

1,400 total customers (May 2026 - May 2027)
47 countries served
Average customer: solo or 2-person team
Top 5 countries: India (24%), UK (12%), Bangladesh (11%), Pakistan (8%), UAE (7%)
Customer breakdown by business type: agency/services 32%, SaaS/indie 22%, e-commerce 20%, content creator 15%, freelance 11%

Revenue and margin

Total revenue: $415,000
Formation revenue: $297 × 1,400 = $416K (rounded)
Add-on revenue: $99 × 280 customers Form 5472 filing = $28K
Less refunds and chargebacks: ~$5K
Net revenue: ~$439K
Operating costs: ~$253K (team, tools, marketing, state fees passed through)
Net profit: ~$186K (~42% margin)

Team and operations

Team grew from 3 to 6
Paralegals: 2 (Dhaka)
Customer support: 2 (Dhaka)
Engineering/ops: 1 (NYC)
Founder/CEO: 1 (NYC/Dhaka)
Operating cost per customer: ~$180 ($253K / 1,400)

Mercury approval and banking

Mercury approval rate across our intake: 78% (improved from 70% baseline with coaching)
Combined banking success (Mercury + Relay + Wise): 99%
Form 5472 filings: 280 customers used our $99 add-on
BOI status: dormant (March 2025 IFR exempts domestic LLCs)

Customer retention

92% of customers renewed registered agent at year 2 (early indicator; cohort still maturing). 65% added Form 5472 + 1120 filing at year 2 (rising). NPS score from internal survey: +47 (industry-good for B2B SaaS-like products).

Growth channels

Organic SEO: 45% of customer acquisition
Word of mouth / referral: 25%
Product Hunt + press inclusions: 12%
Twitter/founder content: 10%
Direct (returning visitors, brand): 8%

What we missed

Year 1 target: 2,000 customers. Got 1,400. 30% short. Reasons: slower-than-expected paid marketing ROI, longer SEO ramp than projected, fewer founder referrals than we hoped. Quality of customer base met expectations.

Frequently asked questions

Will you keep publishing numbers annually?

Yes. Annual transparency report each May. Quarterly updates on key metrics through our newsletter.

Is the team going to grow in year 2?

Yes to 10-12 people. Expanding paralegal capacity in Dhaka, adding international tax specialist contractor, hiring a marketing person.

Why share revenue numbers?

Transparency builds trust. Founders considering competitors can see we are a real sustainable business, not a fly-by-night service.

Did you take outside funding?

No. Bootstrapped. Profitable from month 3. No plans to raise venture funding.