Donkey Republic Hits €22M, Up 13% YoY
[Micromobility Pro] Donkey Republic reported €22.2m in revenue in FY2025, up 13% YoY. Adjusted profitability improved, with the company positioning itself for its largest-ever expansion in Germany.
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Contents
About Donkey Republic
The Journey So Far
Ownership Structure
2025 Financial Performance
Chart: Revenue vs. Net Result (2017-2025)
Chart: Key Metrics
EBIT and EBITDA as % of Revenue (2019-2025)
Revenue vs. EBITDA per Bike/Month (2020-2025)
Revenue Breakdown
Chart: Revenue Split by Category
Chart: Key Metrics (Revenue per Bike/Year, Trips, Fleet, 2021-2025)
Cost Structure
P&L Snapshot
Cash Position & Balance Sheet
Consolidated Balance Sheet
2026 Outlook
Conclusion
About Donkey Republic
Donkey Republic is a Copenhagen-based micromobility company founded in 2014 by Erdem Ovacik and a team of Danish co-founders. The company operates a fully integrated, station-based bike-sharing platform focused on public-private partnerships with cities and transit authorities. Donkey Republic’s core business involves providing pedal and electric shared bicycles through a user-friendly app. It operates under a Mobility-as-a-Service (MaaS) model, serving riders directly (B2C), partnering with cities (B2G/B2B), and offering its technology platform through a Software-as-a-Service (SaaS) model.