Spanish Coworking Operator Cloudworks Reports €13.5m Revenue in 2025, Forecasts €15m in 2026

Cloudworks, a Barcelona-based flexible workspace operator, closed the 2025 financial year with revenues of €13.5 million, representing a 17.4 % increase compared with 2024, and expects to reach €15 million in revenue in 2026, according to a report in Forbes España.

Previously, the company generated €11.5 million in 2024, up 11.7 % year-on-year.

Cloudworks’ 2025 performance included an EBITDA of €1.38 million and an increase in headcount to 65 employees, with plans to continue expanding its team in 2026.

Under its current operational model, Cloudworks offers managed coworking spaces and flexible offices. During 2025, the company inaugurated a new, 1000 sqm workspace in Barcelona, bringing its total operational footprint to more than 28,000 sqm across 15 locations in Barcelona and Madrid, with reported average occupancy of 88% and a professional community exceeding 3,000 members.

Cloudworks was founded in 2015 by entrepreneur Sergi Tarragona in Barcelona, initially without external funding, focusing on central urban locations and workplace design. Since 2021, Marta Gràcia has led the company as CEO, guiding its strategic expansion.

Founder Sergi Tarragona is also a regular speaker at Coworking Europe Conferences and participated in the “Tailored Managed Offices for Corporates: The Next Big Opportunity for Flex Workspace Operators?” panel at the 2025 Berlin edition.

Cloudworks’ historical milestones include the launch of its first serviced office dedicated to a single company in 2017, the opening of its first Madrid centre in 2018, and the 2024 opening of Cloudworks 22@, its first entirely managed building in Barcelona.

Pic Source: wearecloudworks.com (the new opening Coworking El Born)