Fitbit's Competitors, Revenue, Number of Employees, Funding and Acquisitions

Fitbit manufactures and markets wearable fitness devices to track fitness activities.

Fitbit is headquartered in San Fran...
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Based on data from Fitbit's latest SEC filings

Annual Revenue

Based on data from Fitbit's latest SEC filings

Employees

James Park's photo - President & CEO of Fitbit

President & CEO

James Park

CEO Approval Rating

70/100

OVERVIEW

Founded:

2007

Headquarters:

San FranciscoCalifornia

Status:

PublicIndependent Company of NYSEFIT

Industry Sector:

Health Care Services

SIC Code:

Top Competitors or Alternatives

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Competitive Analysis

TOP COMPETITORS OR ALTERNATIVES

Garmin is one of Fitbit's top rivals. Garmin is a Public company that was founded in 1989 in Olathe, Kansas. Garmin competes in the Consumer Electronics industry. Compared to Fitbit, Garmin has 12,650 more employees.

Brytoncorp is seen as one of Fitbit's biggest rivals. Brytoncorp was founded in null in Indianapolis, Indiana. Brytoncorp is in the industry. Brytoncorp generates $ less revenue than Fitbit.

Huami is one of Fitbit's top competitors. Huami was founded in 2013, and its headquarters is in Beijing, Other. Huami is in the Technology Hardware field. Huami has 2 more employees than Fitbit.

RANK

COMPANY

LEADERSHIP

CEO SCORE

EMPLOYEES

TOTAL FUNDING

REVENUE

James Park

President & CEO

- -
350
$815.4M
$1.6B
1

Clifton A. Pemble

President & CEO

74/100
13,000
$147M
$3.5B
2

CEO

- -
- -
3

Huang Wang

Founder & CEO

88/100
352
$145M
$269.9M
4

Ren Zhengfei

Founder & CEO

77/100
188,000
- -
$104.9B
5

CEO

- -
958
- -
$193.1M
6

CEO

- -
1,029
- -
$19M
7

Chip Hawkins

Founder & CEO

59/100
90
- -
$75M
8

Meng Li

Co-Founder & CEO

75/100
17
$15M
$8M
9

CEO

- -
122
$27.8M
$15M
10

Kinam Kim

President & CEO

59/100
320,671
- -
$205.5B

Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$1.6B

Fitbit's revenue is the ranked 4th among it's top 10 competitors. The top 10 competitors average 31.6B. Over the last four quarters, Fitbit's revenue has decreased by 20.3%. Specifically, in Q2 2019's revenue was $313.6M; in Q1 2019, it was $271.9M; in Q4 2018, it was $571.2M; in Q3 2018, Fitbit's revenue was $393.6M.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Twine Health, Inc.

Feb 2018

Source »
undisclosed
Twine Health is a cloud-based health coaching platform that helps patients and caregivers to remember their treatment tasks.
VectorWatch

Jan 2017

Source »
undisclosed
VectorWatch is a designer, manufacturer and marketer of smartwatch for men.
Pebble Technology Corp.

Dec 2016

Source »
undisclosed
Pebble designs, develops and markets smart watches paired with iPhone and Android devices for monitoring the heart rate of the users.

-

-

May 2016

Source »
undisclosed
-

These are all the companies that Fitbit has acquired. Fitbit has acquired 4 companies and its latest acquisition was Twine Health, Inc. in Feb 2018. Twine Health is a cloud-based health coaching platform that helps patients and caregivers to remember their treatment tasks.

Fitbit Funding History

Since Fitbit was founded in 2007, it has participated in 6 rounds of funding. In total Fitbit has raised $815.4M. Fitbit's last funding round was on Jun 2015 for a total of $731.5M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

IPO
Jun 2015
$731.5M

Equity
Mar 2015
$17.8M
-
Series D
Jun 2013
$43M

Foundry Group

Series C
Sep 2011
$12.1M
Series B
Aug 2010
$9M

Total Funding: $815.4M

Since Fitbit was founded in 2007, it has participated in 6 rounds of funding. In total Fitbit has raised $815.4M. Fitbit's last funding round was on Jun 2015 for a total of $731.5M

Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Sano develops a wearable patch sensor that can read and transmit blood chemistry data to an external device like a smartphone.
$6M
Jan 04, 2018
Series A
-

These are all the companies that Fitbit has invested in. Fitbit has invested 4 companies and its latest investment was Twine Health, Inc. in Feb 2018. Twine Health is a cloud-based health coaching platform that helps patients and caregivers to remember their treatment tasks.

Fitbit News

October 10, 2019WCCFtech

Fitbit's China Exit - Harbinger of a Volley or a Lone Outlier?

Fitbit (), the company that produces wearable devices for fitness enthusiasts, has announced that it ... See more »
October 10, 2019AnandTech

Fitbit Shifts Production Away from China

Fitbit has announced plans to shift its production away from China starting early 2020. The company i... See more »
October 10, 2019CNET

Which smartwatch is right for you? - CNET

Both smartwatches do double duty as fitness trackers, but one is half the price of the other.... See more »
October 10, 2019Android Authority

Get the most out of your fitness tracker

Your Fitbit can do more than just track your steps! Here are the best Fitbit apps to help you make th... See more »
October 9, 2019CNBC

Fitbit jumps after announcing it will shift manufacturing out of China to avoid tariffs

As a result of the move, all of Fitbit's fitness trackers and smartwatches will not be subject to Sec... See more »
October 9, 2019Business Insider

The Polar Ignite is the GPS fitness watch I've been looking for to replace my aging Fitbit - here's what it's like to use

Monica Chin/Business InsiderThe $230 Polar Ignite is a waterproof smartwatch with built-in GPS. The P... See more »
October 9, 2019KL Gadget Guy

Reliable fitness tracker with a sprinkle of smartwatch

I've been wearing the Fitbit Inspire HR since I first got it and that has been more than half a year.... See more »

Fitbit Blogs

October 4, 2019Fitbit Blog

3 Easy Breathing Techniques to Help You Calm Down Right Now

The secret to feeling zen might just be focusing on your inhales and exhales.The post 3 Easy Breathin... See more »
October 2, 2019Fitbit Blog

5 Ways To Break A Sweat That Don’t Feel Like Working Out

Want some enjoyable ways to get your exercise fix without dreading your way to the finish line? We’ve... See more »
October 1, 2019Fitbit Blog

Healthy Recipe: Spinach & Feta Stuffed Chicken With Strawberry Vinaigrette

This stuffed chicken dish is the perfect combination of savory, sweet, creamy, and crunchy. The post... See more »
September 27, 2019Fitbit Blog

Healthy Hacks For Game Day

Try these healthy hacks to keep your Sunday football festivities light and your fitness goals on trac... See more »
September 23, 2019Fitbit Blog

How To Handle September Stress

Ease into the colder months and conquer the winter blues with these tips and tricks. The post How To ... See more »
September 18, 2019Fitbit Blog

Discreet Exercises You Can Do At Your Desk (Seriously!)

You don't have to do jumping jacks in front of your coworkers to sneak some fitness into your 9-to-5.... See more »
September 13, 2019Fitbit Blog

The Link Between Chronic Pain, Anxiety And Depression

Chronic pain takes a huge toll on the body, and it's a widespread problem with sometimes unexpected e... See more »

Fitbit Press Releases

May 7, 2019StreetInsider

InComm Launches MyVanilla® Prepaid Mastercard® on Fitbit Pay and Garmin Pay, Develops Proprietary Technology to Deliver NFC Payment Capabilities to Retailers

ATLANTA, May 7, 2019 /PRNewswire/ -- InComm, a leading payments technology company, today announced t... See more »
December 22, 2018StreetInsider

The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Fitbit, Inc. and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm

The Schall Law Firm, anational shareholder rights litigation firm, announces the filing of a class ac... See more »
December 11, 2018StreetInsider

The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Fitbit, Inc. and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm

The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class a... See more »
December 4, 2018PRWeb

Iconic Twist-O-Flex Band Now Available for the Fitbit

Speidel Introduces the New Twist-O-Flex Expansion Band for the Fitbit(PRWeb December 04, 2018)Read th... See more »
November 14, 2018Newswire

Top Fitbit Deals Listed by Consumer Walk

What are the top Fitbit Ionic deals for Black Friday & Cyber Monday 2018? Consumer Walk reviews the b... See more »
November 13, 2018Thailand Press Release News

Fitbit Announces Global Availability of Highly Anticipated Charge 3

Fitbit (NYSE: FIT), the leading global wearables brand, today announced the availability of Fitbit Ch... See more »
October 17, 2018STREETINSIDER

BayCare Brings Health Tech Store into HealthHub Facilities

Fitbits, weight scales, apps and a tech store. That's not what people expect to see in a health care ... See more »

Fitbit Videos

Social Statistics

Headquarters

199 Fremont St 14th floor

San Francisco, California94105

1-877-623-4997

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Trending Companies

Summary

ABOUT

Overview

Fitbit Inc. (NYSE: FIT) manufactures and markets wireless enabled wearable devices to track the fitness activities. Founded by James Park and Eric Friedman in 2007 and headquartered in San Francisco, California, it inspires people to exercise more, ea...

CEO

Fitbit's President & CEO, James Park, currently has an approval rating of 70%. Fitbit's primary competitors are Garmin, Brytoncorp & Huami.

Website

fitbit.com

Frequently Asked Questions about Fitbit

  1. When was Fitbit founded?

    Fitbit was founded in 2007
  2. Who is Fitbit's CEO?

    Fitbit's CEO is James Park
  3. How much revenue does Fitbit generate?

    Fitbit generates $1.6B in revenue
  4. How much funding does Fitbit have?

    Fitbit has historically raised $815.4M in funding
  5. Where is Fitbit's headquarters?

    Fitbit's headquarters is in San Francisco California, USA
  1. How many employees does Fitbit have?

    Fitbit has 350 employees
  2. What sector does Fitbit operate in?

    Fitbit is in Health Care Services
  3. Who are Fitbit's competitors?

    Fitbit's top competitors are Garmin, Brytoncorp, Huami
  4. Who has Fitbit invested in?

    Fitbit's has invested in companies such as Sano