Chirp Wheel has a net worth of $100 million USD. Chirp Wheel aimed high during its Shark Tank pitch, seeking $900,000 for a mere 2% stake.
It is their impressive sales figures, that ultimately secured a a deal with Lori Greiner. However, after the episode, the deal with Lori did not go through.
Chirp Wheel Net Worth
| Company | Chirp Wheel |
| Net Worth | $100 million |
| Annual Sales | $85 million |
| Profits | $19 million |
| Lifetime Sales | $250 Million |
| Employees | 50+ |
Sales Revenues
Chirp Wheel was generating $12 million in annual sales when it appeared on Shark Tank. Despite the deal with Lori Greiner not going through, the company kept pushing strong and registered an enormous sales surge in the past three years.
As of today, Chirp Wheel generates $85 million in annual sales with $19 million in profits before tax. The company’s products are today available in over 100 countries and thousands of retail stores.
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Shark Tank Pitch
Tate Stock, CEO of Chirp Wheel, introduced his solution to back pain: a wheel-shaped device with unique padding for deep tissue relief.
The Pitch
Stock confidently highlighted the limitations of current back pain solutions and demonstrated the Chirp Wheel’s effectiveness on stage. He asked for $900,000 for a 2% stake, valuing his company at $45 million.
Reaction from Sharks
The Sharks were intrigued but skeptical. Daymond John and Kevin O’Leary liked the design, while Lori Greiner was impressed by the sales. Mark Cuban and Robert Herjavec questioned the high valuation and competition.
Final Deal
Stock defended his product’s uniqueness and secured a deal with Greiner for $900,000 at a 2.5% stake. The investment helped Chirp Wheel’s net worth more than double.