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Rec raises $11 million Series A led by Crosslink Capital with athlete investors

Rec, a parks-and-recreation software startup, closed an $11 million Series A led by Crosslink Capital with participation from Kevin Durant, Kelvin Beachum, Larry Fitzgerald and Joe Montana among others. The company provides booking and registration software and an app for recreation departments and currently serves over 50 communities in 12 states. Rec will use the funding to expand engineering and product teams and enhance its platform as it competes with established vendors in the sector. » More on forbes.com

Historical dividends Dividends

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In 2026, REC Ltd has already paid €0.12 in dividends. The last payout was in September.

Financials

In the last quarter, REC Ltd had revenue of €1.34B and net profit of €320.07M

(EUR)	September 2026	YoY
Revenue	1.34B	6.94%
Gross profit	464.76M	16.86%
Net profit	320.07M	24.42%
EBITDA	404.75M	26.14%

Fundamentals

Metric	Value
Market capitalization	€7.06B
Number of shares	2.64B
52-week high/low	€3.65 - €2.66
Dividend yield	1.01%
Dividends TTM	€0.12
Next dividend	€0.033
Beta	0.34
P/E ratio	4.97
PEG ratio	-0.39
P/B ratio	0.79
P/S ratio	1.32

Company profile

REC Limited, a public financial institution, provides financing services for power generation, transmission, and distribution projects in India. It primarily offers term-loan, medium-term loan, and short-terms loan. The company also acts as a nodal agency for the implementation of Pradhan Mantri Sahaj Bijli Har Ghar Yojana for universal household electrification, Deen Dayal Upadhyaya Gram Jyoti Yojana, National Electricity Fund, Outage Management System, and 11kv Rural Feeder Monitoring Scheme, as well as acts as the bid process coordinator for selection of transmission service provider through tariff based competitive bidding process for independent inter-state and intra-state transmission projects; and provides implementation and consultancy services in power sector. It serves central/state government power utilities, as well as private sector power utilities. The company was formerly known as Rural Electrification Corporation Limited and changed its name to REC Limited in October 2018. REC Limited was incorporated in 1969 and is based in Gurugram, India. REC Limited is a subsidiary of Power Finance Corporation Limited.