In 2025, Raspberry Pi shipped 8.4 million microcontroller chips - more than its 7.6 million boards and modules - the first time silicon outsold single-board computers in the company’s history (Raspberry Pi Holdings, FY2025 Results, 2026). Revenue climbed 25% to $323.2 million, cumulative lifetime shipments passed 75 million units, and adjusted EBITDA rose 25% to $46.4 million. The single-board computer market it leads is now worth roughly $4.3 billion, with Raspberry Pi holding about 16.5% share (GM Insights, Single Board Computer Market, 2026). Two years after its London IPO, the company is turning from a hobbyist board-maker into a chip vendor with an industrial customer base. This analysis consolidates data from Raspberry Pi Holdings, GM Insights, the Raspberry Pi Foundation, Stack Overflow, and 10 other primary sources into 45+ verified data points.
TL;DR
- Revenue rose 25% to $323.2 million in FY2025 (Raspberry Pi Holdings, FY2025 Results, 2026).
- Board and module shipments grew 9% to 7.6 million units (Electronics Weekly, 2026).
- Microcontroller shipments jumped 47% to 8.4 million, outselling boards for the first time (The Register, 2026).
- Cumulative lifetime shipments passed 75 million units, up from 68 million in March 2025 (Raspberry Pi Holdings, FY2025 Results, 2026).
- Adjusted EBITDA climbed 25% to $46.4 million; profit after tax nearly doubled to $21.7 million (Raspberry Pi Holdings, FY2025 Results, 2026).
- US revenue grew 56% year on year, with strong additional demand from China (Raspberry Pi Holdings, FY2025 Results, 2026).
- The single-board computer market is worth about $4.3 billion, growing to $4.5 billion in 2026 (GM Insights, 2026).
- Raspberry Pi leads the SBC market with roughly 16.5% share; the top five vendors hold 46.8% (GM Insights, 2026).
- Raspberry Pi is the most popular embedded platform among developers at 39%, ahead of Arduino at 30% (Stack Overflow, 2024 Developer Survey, 2025).
- Code Club has reached over 2 million young people in ten years, across 119 countries (Raspberry Pi Foundation, Annual Review 2024, 2025).
- Raspberry Pi Holdings market cap sat near 1.6 billion pounds in mid-2026, two years after its LSE debut (London Stock Exchange, 2026).
1. Units Sold: The Milestone Timeline
More than 75 million Raspberry Pi computers have been sold since the first $35 board shipped on 29 February 2012 (Raspberry Pi Holdings, FY2025 Results, 2026). The trajectory has steepened: it took roughly seven years to reach 30 million units but only about six more to add another 45 million. Board and module shipments in 2025 alone reached 7.6 million, up 9%, with direct-channel sales climbing 18% to 5.8 million as the excess channel inventory from the 2023-24 supply glut cleared. Full milestone history is documented on Wikipedia’s Raspberry Pi entry.
| Metric | Value | Source |
|---|---|---|
| 1 million cumulative units | October 2013 | Wikipedia, Raspberry Pi (2026) |
| 10 million cumulative units | September 2016 | Wikipedia, Raspberry Pi (2026) |
| 30 million cumulative units | December 2019 | Wikipedia, Raspberry Pi (2026) |
| 46 million cumulative units | February 2022 | Wikipedia, Raspberry Pi (2026) |
| 68 million cumulative units | March 2025 | Wikipedia, Raspberry Pi (2026) |
| Cumulative units, all time | 75 million+ | Raspberry Pi Holdings, FY2025 Results (2026) |
| Best-selling British computer since | Feb 2016 (8M units, passed the ZX Spectrum) | Wikipedia, Raspberry Pi (2026) |
Outlier note: the Pi became the best-selling British computer of all time in February 2016 at just 8 million units - it has since sold nearly ten times that.
2. FY2025 Financials and the London IPO
Profit after tax nearly doubled to $21.7 million in 2025, from $11.7 million a year earlier (Raspberry Pi Holdings, FY2025 Results, 2026). Revenue grew faster than units - up 25% versus 9% shipment growth - because the mix shifted toward higher-margin boards and pricing actions offset DRAM cost inflation; gross profit per unit reached $8.7. The company ended the year with $28.1 million cash and no debt, having also repaid supplier payables. Full results are on the Raspberry Pi investor relations site; shares have traded on the LSE since June 2024.
| Metric | Value | Source |
|---|---|---|
| Revenue, FY2025 | $323.2M (+25% YoY) | Raspberry Pi Holdings, FY2025 Results (2026) |
| Gross profit | $77.8M (+23% YoY) | Raspberry Pi Holdings, FY2025 Results (2026) |
| Gross margin | 24.1% (2024: 24.4%) | Raspberry Pi Holdings, FY2025 Results (2026) |
| Adjusted EBITDA | $46.4M (+25% YoY) | Raspberry Pi Holdings, FY2025 Results (2026) |
| Profit after tax | $21.7M (2024: $11.7M) | Raspberry Pi Holdings, FY2025 Results (2026) |
| Gross profit per unit | $8.7 | Electronics Weekly (2026) |
| Year-end cash / debt | $28.1M cash, no debt | Raspberry Pi Holdings, FY2025 Results (2026) |
| Market cap (LSE: RPI), mid-2026 | ~1.6 billion pounds | London Stock Exchange (2026) |
Outlier note: the stock’s 52-week range spanned 253.8p to 1,078p into mid-2026, a reminder that the listed valuation is far more volatile than the underlying unit sales (London Stock Exchange, 2026).
3. The Semiconductor Pivot: Pico, RP2040, and RP2350
2025 was the crossover year: 8.4 million microcontroller units shipped versus 7.6 million boards and modules (Electronic Specifier, 2026). Chips are a structurally different business - Raspberry Pi sells RP2040 and RP2350 silicon to third parties who build their own products, from synthesizers to pinball machines, so each design win compounds. Management’s stated ambition is to grow semiconductor volumes by “orders of magnitude” into a business shipping billions of chips. The RP2350 debuted in the $5 Pico 2, detailed in the official Pico 2 announcement.
| Metric | Value | Source |
|---|---|---|
| Microcontroller units, 2025 | 8.4M (+47% YoY) | Electronic Specifier (2026) |
| Microcontroller units, 2024 | 5.7M | The Register (2026) |
| RP2350 / Pico 2 launch | August 2024, $5 | Raspberry Pi, Pico 2 (2024) |
| RP2350 bulk chip price | as low as $0.80 | Wikipedia, RP2350 (2026) |
| Pico + Pico W lifetime units | ~4 million by mid-2024 | Raspberry Pi, Pico 2 (2024) |
| Boards/modules with no or legacy DRAM | ~one-third by volume | Raspberry Pi Holdings, FY2025 Results (2026) |
| First Raspberry Pi microcontroller (RP2040) | launched January 2021 | Wikipedia, Raspberry Pi (2026) |
Outlier note: about one-third of boards and modules by volume use no DRAM (the Pico line) or older LPDDR2, insulating that slice of the range from the 2025-26 AI-driven memory price spike (Raspberry Pi Holdings, FY2025 Results, 2026).
4. The SBC Market: Size and Share
Raspberry Pi leads the global single board computer market with about 16.5% share, ahead of industrial incumbents like Advantech and Kontron (GM Insights, Single Board Computer Market, 2026). The category is mid-single-digit growth overall, but the drivers - edge AI, IoT, and industrial automation - are exactly where Raspberry Pi is pushing with compute modules and its board-to-board OEM programme, including DIY-adjacent uses covered in our smart home statistics roundup. Sizing varies widely by firm; the GM Insights market report is the anchor here.
| Metric | Value | Source |
|---|---|---|
| SBC market size, 2025 | ~$4.3 billion | GM Insights (2026) |
| SBC market size, 2026 | ~$4.5 billion | GM Insights (2026) |
| SBC market, 2035 projection | ~$7.3 billion (5.7% CAGR) | GM Insights (2026) |
| Raspberry Pi market share, 2025 | 16.5% | GM Insights (2026) |
| Top 5 vendors, combined share | 46.8% | GM Insights (2026) |
| ARM-based SBC share | 52.3% | GM Insights (2026) |
| North America share of market | 36.7% | GM Insights (2026) |
| Alternative 2026 sizing | $3.64B, rising to $9.21B by 2035 (9.74% CAGR) | Business Research Insights (2026) |
Outlier note: market sizes diverge sharply - KBV Research pegs 2026 near $3.8 billion and Research and Markets sees the category reaching $5 billion only by 2032, so treat any single figure as directional, not precise.
5. Hardware and Performance: Pi 5, Pi 500+, and Edge AI
The Raspberry Pi 5 runs cryptographic workloads roughly 45x faster than the Pi 4, and scores about 2.4x higher on Geekbench 6 single-core (Raspberry Pi, Benchmarking Raspberry Pi 5, 2023). That generational jump is what made the board credible for desktop use and edge inference. In September 2025 the company shipped the $200 Raspberry Pi 500+, a keyboard PC with 16GB RAM and a 256GB NVMe SSD - blurring the line with the mainstream desktops tracked in our PC market statistics, and a capable host for the audio and voice cloning software projects hobbyists build. Official numbers are in the Raspberry Pi 5 benchmarking post.
| Metric | Value | Source |
|---|---|---|
| Pi 5 vs Pi 4, Geekbench 6 single-core | 764 vs 340 (x2.4) | Raspberry Pi, Benchmarking Pi 5 (2023) |
| Pi 5 vs Pi 4, Geekbench 6 multi-core | 1,604 vs 723 (x2.2) | Raspberry Pi, Benchmarking Pi 5 (2023) |
| Pi 5 cryptography vs Pi 4 | 45x faster | Raspberry Pi, Benchmarking Pi 5 (2023) |
| Pi 5 browser (Speedometer 2.1) vs Pi 4 | x3.05 | Raspberry Pi, Benchmarking Pi 5 (2023) |
| Pi 5 CPU clock | 2.4 GHz (Pi 4: 1.5 GHz) | Raspberry Pi, Benchmarking Pi 5 (2023) |
| Raspberry Pi 500+ price / launch | $200, September 2025 | Raspberry Pi, Pi 500+ launch (2025) |
| Pi 500+ memory / storage | 16GB RAM, 256GB NVMe SSD | Raspberry Pi, Pi 500+ launch (2025) |
| AI Kit inference (Hailo-8L / Hailo-8) | 13 TOPS / 26 TOPS | Raspberry Pi, AI Kit (2024) |
Outlier note: the benchmark figures are the most recent official cross-generation numbers available (Raspberry Pi, Benchmarking Raspberry Pi 5, 2023) and predate the Pi 500+ and any Pi 6, which the company says is in development.
6. Community, Education, and Developer Adoption
Raspberry Pi is the most popular embedded technology among developers, cited by 39%, well ahead of Arduino at 30% (Stack Overflow, 2024 Developer Survey, 2025). That grassroots base underpins the commercial business, and it overlaps heavily with the broader maker movement charted in our 3D printing statistics and the professional cohort in our developer survey statistics. On the education side, the Raspberry Pi Foundation’s Code Club has now reached over 2 million young people across 119 countries.
| Metric | Value | Source |
|---|---|---|
| Developers using Raspberry Pi (embedded) | 39% | Stack Overflow, 2024 Developer Survey (2025) |
| Developers using Arduino (embedded) | 30% | Stack Overflow, 2024 Developer Survey (2025) |
| Developers working with embedded tech | 3% | Stack Overflow, 2024 Developer Survey (2025) |
| Code Club reach, ten years | 2 million+ young people | Raspberry Pi Foundation, Annual Review 2024 (2025) |
| Code Club countries | 119 | Raspberry Pi Foundation, Annual Review 2024 (2025) |
| Young people supported via teacher training, 2024 | 1.2 million | Raspberry Pi Foundation, Annual Review 2024 (2025) |
| Raspberry Pi Connect connected devices | ~400,000 | Raspberry Pi Holdings, FY2025 Results (2026) |
Outlier note: the 39% and 30% figures come from Stack Overflow’s first dedicated embedded section, which covered the 3% of surveyed developers who report working with embedded technology (Stack Overflow, 2024 Developer Survey, 2025).
Summary: Raspberry Pi by the Numbers
| Metric | Value | Source |
|---|---|---|
| Revenue, FY2025 | $323.2M (+25% YoY) | Raspberry Pi Holdings, FY2025 Results (2026) |
| Adjusted EBITDA, FY2025 | $46.4M (+25% YoY) | Raspberry Pi Holdings, FY2025 Results (2026) |
| Profit after tax, FY2025 | $21.7M (2024: $11.7M) | Raspberry Pi Holdings, FY2025 Results (2026) |
| Gross margin | 24.1% | Raspberry Pi Holdings, FY2025 Results (2026) |
| Board and module units, 2025 | 7.6 million (+9%) | Electronics Weekly (2026) |
| Direct-channel units, 2025 | 5.8 million (+18%) | Raspberry Pi Holdings, FY2025 Results (2026) |
| Microcontroller units, 2025 | 8.4 million (+47%) | Electronic Specifier (2026) |
| Cumulative units, all time | 75 million+ | Raspberry Pi Holdings, FY2025 Results (2026) |
| US revenue growth, 2025 | +56% YoY | Raspberry Pi Holdings, FY2025 Results (2026) |
| China unit growth, 2025 | +62% YoY | Investing.com, FY2025 slides (2026) |
| Market cap (LSE: RPI), mid-2026 | ~1.6 billion pounds | London Stock Exchange (2026) |
| SBC market size, 2026 | ~$4.5 billion | GM Insights (2026) |
| Raspberry Pi market share, 2025 | 16.5% | GM Insights (2026) |
| Pi 5 vs Pi 4, single-core | x2.4 (Geekbench 6) | Raspberry Pi, Benchmarking Pi 5 (2023) |
| Raspberry Pi 500+ | $200, 16GB RAM, 256GB SSD (Sept 2025) | Raspberry Pi, Pi 500+ launch (2025) |
| Developers using Raspberry Pi (embedded) | 39% | Stack Overflow, 2024 Developer Survey (2025) |
| Code Club reach, ten years | 2 million+ young people | Raspberry Pi Foundation, Annual Review 2024 (2025) |
| Permanent headcount, end-2025 | 140 (51% in engineering) | Raspberry Pi Holdings, FY2025 Results (2026) |
| First model launch | 29 Feb 2012, $35 | Wikipedia, Raspberry Pi (2026) |
Methodology and Sources
Data was gathered by aggregating figures from primary company disclosures, official product and benchmark documentation, market-research reports with disclosed methodology, and named developer and education surveys, cross-referencing market-size estimates across multiple firms and citing the most recent edition available for each.
- Raspberry Pi Holdings plc, Final Results for the year ended 31 December 2025 (2026)
- Global Market Insights, Single Board Computer Market report (2026)
- Business Research Insights, Single Board Computer (SBC) Market report (2026)
- KBV Research, Single Board Computer Market (2026), and Research and Markets, Single Board Computers Market to 2032 (2025) - used as market-sizing cross-references
- Stack Overflow, 2024 Developer Survey results (2025)
- Raspberry Pi Foundation, Annual Review 2024 (2025)
- Raspberry Pi, Benchmarking Raspberry Pi 5 (2023)
- Raspberry Pi, Raspberry Pi 500+ launch (2025)
- Raspberry Pi, Raspberry Pi Pico 2 announcement (2024)
- Raspberry Pi, AI Kit product page (2024)
- Wikipedia, Raspberry Pi (2026) and Wikipedia, RP2350 (2026) - used for milestone timeline and chip specifications
- The Register, Raspberry Pi FY2025 coverage (2026)
- Electronics Weekly, 2025 Raspberry Pi revenues up 25% (2026)
- Electronic Specifier, Raspberry Pi grows 25% to $323.2M (2026)
- Investing.com, Raspberry Pi FY2025 slides (2026)
- London Stock Exchange, Raspberry Pi Holdings plc (RPI) company page (2026)
Data watch: Raspberry Pi Holdings reports half-year results around September and full-year results in March, so H1 2026 figures are due around September 2026 and FY2026 results around March 2027. Stack Overflow’s Developer Survey publishes annually each summer, and the Raspberry Pi Foundation issues its Annual Review each spring - all cited editions have successors expected within the next year, and market-research firms revise their SBC sizing regularly.
Last updated: July 17, 2026.
We review and update this page quarterly as new data is published.