2024 Revenue
$25.4M(Est.)
Team
22
Founded
2006
CarMD Revenue (2024)
CarMD generated an estimated $25.4M in annual revenue in 2024. Source: GetLatka estimate
ased in Irvine, CA, CarMD is a leading-edge Software as a Service (SaaS) solutions provider. Their applications leverage and empower the capabilities of the On-Board Diagnostics (OBD2) port with decades of real-world automotive diagnostic data, collected, analyzed and maintained by a team of ASE-certified technicians and automotive experts. This enables their partners to turn their industry-changing ideas into real value for their end users. Their solutions are developed to service the automotive manufacturing, telematics and wireless industries. CarMDs easily deployed software reads and delivers information on the health and scheduled maintenance of the vehicle.
Last updated
CarMD Revenue
In 2024, CarMD's revenue reached $25.4M. The company previously reported $2.9M in 2024. Since its launch in 2006, CarMD has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | CarMD Hit $25.4m revenue in November 2024 | Estimated |
| 2024 | CarMD Hit $2.9m revenue in October 2024 | Estimated |
| 2023 | CarMD Hit $1.7m revenue in December 2023 | Estimated |
| 2021 | CarMD Hit $1.3m revenue in April 2021 | Not recorded |
| 2006 | Launched with $0 revenue |
Founder / CEO
Leon Chen
CEO
Ieon Chen. Founder & CEO Chen is the visionary behind CarMD.com Corp. He recognized the potential of OBD2 and cloud-based vehicle telematic technology nearly two decades ago.
CarMD Employees & Team Size
CarMD employs approximately 22 people as of 2026, up from 19 in 2023, including 1 sales reps that carry a quota.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 22 employees (October 2024) | Not recorded |
| 2023 | Reached 19 employees (December 2023) | Not recorded |
| 2022 | Reached 18 employees (December 2022) | Not recorded |
| 2021 | Reached 18 employees (December 2021) | Not recorded |
| 2021 | Reached 16 employees (April 2021) | Not recorded |
Frequently Asked Questions about CarMD
What is CarMD's revenue?
As of 2024, CarMD generated an estimated $25.4M in annual revenue.
Who founded CarMD?
CarMD was founded by Leon Chen.
When was CarMD founded?
CarMD was founded in 2006.
Who is the CEO of CarMD?
The CEO of CarMD is Leon Chen.
How many employees does CarMD have?
As of 2024, CarMD had 22 employees.
Where is CarMD headquartered?
CarMD is headquartered in Irvine, California, United States.
Compare CarMD to the industry
CarMD operates across multiple industries. Browse revenue, funding, and growth data for CarMD in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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