How many employees work at Waterloo Formula Electric?
Waterloo Formula Electric has approximately 302 total employees worldwide as of March 2026, according to Revelio Labs workforce intelligence data. Waterloo Formula Electric’s total headcount has grown 143.9% from 124 employees in 2023 to 302 in 2026.
About Waterloo Formula Electric’s Workforce
Waterloo Formula Electric is an Automotive Services company that employs 302 people worldwide as of March 2026. It is the 11th-largest by headcount among its peers. Founded in 2011, the company is headquartered in Waterloo, Canada.
Waterloo Formula Electric's workforce has grown 143.9% from 2023 to 2026, with a year-over-year increase of 5.0% in 2026. The headcount dipped to a low of 122 in 2024 Q2 before recovering. Its geographic distribution is heavily centered in Canada (99.0%), with Belgium accounting for 1.0% of staff; Belgium is also the fastest-growing location, up 100.0%.
Waterloo Formula Electric's largest groups by headcount are Finance and Operations (45.0%), Engineering (33.8%), and Sales and Marketing (21.2%), with Sales and Marketing the fastest-growing segment at 34.1% year over year. The regional salary picture shows an average of $45,909 across all employees, with regional medians highest in Northern America at $41,000, and a typical range from $32,000 to $55,000 for the first and third quartiles.
Waterloo Formula Electric's sentiment is positive and flat, indicating stable morale. The company sits at the 11th position by headcount among 11 peers. Its average tenure is 0.9 years, reflecting a highly dynamic workforce amid rapid expansion.
Sourced from Revelio Labs workforce data.
- Headquarters
- Waterloo, Canada
- Founded
- 2011
- Industry
- Automotive Services
- Employees
- 302
- YoY
- +5.0% (+62)
As of March 2026
Waterloo Formula Electric workforce metrics
Unlock hiring rate, attrition rate, and 12 additional workforce metrics for Waterloo Formula Electric. Compare to peers, export the dataset, and access the full quarterly history.
Unlock MetricsWaterloo Formula Electric Annual Employee Count (2023-2026)
- Waterloo Formula Electric had 302 employees in 2026, a 5.0% increase (+62) from 2025.
- Waterloo Formula Electric had 317 employees in 2025, a 12.1% increase (+123) from 2024.
- Waterloo Formula Electric had 194 employees in 2024, a 4.1% increase (+36) from 2023.
- Waterloo Formula Electric had 158 employees in 2023, a 9.8% decline (+24) from 2022.
Waterloo Formula Electric's total workforce has grown from 124 employees in 2023 to 302 in 2026.
Waterloo Formula Electric quarterly employee count
| Year | Qtr | Employees | YoY Change | YoY % |
|---|---|---|---|---|
| 2026 | Q1 | 302 | +62 | +5.0% |
| 2025 | Q4 | 317 | +123 | +12.1% |
| 2025 | Q3 | 319 | +51 | +11.1% |
| 2025 | Q2 | 188 | +66 | +6.0% |
| 2025 | Q1 | 240 | +67 | +5.4% |
| 2024 | Q4 | 194 | +36 | +4.1% |
| 2024 | Q3 | 268 | +104 | +4.1% |
| 2024 | Q2 | 122 | -2 | -25.9% |
| 2024 | Q1 | 173 | +21 | -10.4% |
| 2023 | Q4 | 158 | +24 | -9.8% |
| 2023 | Q3 | 164 | -1 | -14.5% |
| 2023 | Q2 | 124 | +40 | +4.1% |
See Waterloo Formula Electric's complete headcount history, including quarterly breakdowns.
Get the DataWaterloo Formula Electric Employee Count by Country and Region (2026)
Canada accounts for the largest share of Waterloo Formula Electric's global workforce with approximately 99% of total employees, followed by Belgium. Waterloo Formula Electric's headcount in Belgium is growing fastest among its major locations, up 100.0% year over year in 2026.
Waterloo Formula Electric employees by country
| Country | Employees | % of Total | YoY % |
|---|---|---|---|
| Canada | 297 | 99.0% | +28.3% |
| Belgium | 3 | 1.0% | +100.0% |
Drill into city-level data, hiring trends by region, and historic geographic shifts.
Unlock Geographic DataWaterloo Formula Electric Employee Count by Department (2026)
Waterloo Formula Electric's largest employee groups are Finance and Operations (45.0%), Engineering (33.8%), and Sales and Marketing (21.2%).
Waterloo Formula Electric employees by department
| Department | Employees | % of Total | YoY % |
|---|---|---|---|
| Finance and Operations | 135 | 45.0% | +24.5% |
| Engineering | 101 | 33.8% | +30.9% |
| Sales and Marketing | 64 | 21.2% | +34.1% |
Compare Waterloo Formula Electric's department mix to industry peers.
See Full DataWaterloo Formula Electric Employee Salary by Region (2026)
Waterloo Formula Electric's average employee salary is $45,909 globally. Employees in Northern America receive the highest compensation.
Waterloo Formula Electric median employee salary by region (USD)
| Region | Median Salary |
|---|---|
| Northern America | $41,000 |
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Unlock Salary DataWaterloo Formula Electric Employee Sentiment (2026)
Revelio Labs tracks employee sentiment across Waterloo Formula Electric's workforce based on public professional data. Overall sentiment is positive and has held steady year over year in 2026.
Overall
Unlock the full sentiment breakdown by department, tenure, and trend over time.
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Frequently Asked Questions About Waterloo Formula Electric
- How fast is Waterloo Formula Electric growing?
- In 2026, Waterloo Formula Electric's headcount grew 5.0% to 302 employees, up from 240 in 2025.
- Where are Waterloo Formula Electric employees located?
- Most Waterloo Formula Electric employees are based in Canada (99.0% of headcount), followed by Belgium.
- What is the average salary at Waterloo Formula Electric?
- The average employee salary at Waterloo Formula Electric is approximately $45.9k per year.
- When was Waterloo Formula Electric founded and where is it headquartered?
- Waterloo Formula Electric was founded in 2011 and is headquartered in Waterloo, Canada.
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