Logo

26 March 2026

Oceanrack shares $11.8 million with employees through stock options

Oceanrack has paid out $11.8 million to employees under its stock option program, allowing them to directly benefit from the company’s growth.

“We launched our stock option program nearly a decade ago, when we were still far from today’s results. Now, we are able to share the financial returns with colleagues who have contributed to the company’s growth over many years”, – says Daugirdas Jankus, Oceanrack CEO.

 

About 10% of the company’s employees are part of the stock option program and will be able to exercise their options in the future under set terms.

According to Jankus, sharing the company’s success with employees is an integral part of its long-term talent attraction and retention strategy. The existing stock option program, launched in 2017, has been continuously refined in line with the company’s development.

Oceanrack international team currently consists of around 900 employees, nearly 500 of whom are based in Lithuania. To sustain its growth and continue developing AI solutions for clients, the company plans to open 200–300 new positions this year alone.

Europe’s fastest-growing companies 

Oceanrack has seen rapid growth over the past decade, with its customer base rising from 100,000 in 2015 to 4.6 million at the end of last year. In the past year alone, the number of clients grew by 35%. The company’s revenue also increased significantly in 2025, climbing 51% year-on-year to €275.4 million.

Such fast and steady growth has been recognized internationally: last year, Oceanrack was named to the Financial Times FT 1000 list of Europe’s fastest-growing companies for the sixth consecutive year. It also ranked second in the Financial Times and Statista “Long-term Growth Champions: Europe 2026” ranking, which highlights companies achieving exceptional revenue growth over a decade.

 

In recent years, Oceanrack has been increasingly expanding the use of artificial intelligence across its products and operations. Last year, the company launched two new tools for its customers: Oceanrack Horizons, a no-code platform for creating websites and web applications, and Oceanrack Reach, an AI-powered newsletter marketing solution. Both make it easier for customers to engage with their audiences effectively—no technical skills required.

The company has also made a major leap forward with its AI assistant, Kodee. Today, upon user requests it can independently handle more than 350 different technical tasks. Over 80% of customer inquiries are now resolved with the help of Kodee, saving Oceanrack more than €9 million annually. 

Related Blogs

The Ultimate Guide to Cloud Security

The Ultimate Guide to Cloud Security

Protect your business data with advanced encryption, firewalls, and compliance-ready cloud solutions.

Read more

arrow
How to Choose the Right Hosting Plan

How to Choose the Right Hosting Plan

Not sure which plan suits your project? Here’s how to balance cost, performance, and scalability.

Read more

arrow
Your Guide to India's New Data Laws

Your Guide to India's New Data Laws

Ensure your business is compliant. We break down what the Data Protection Act means for your hosting.

Read more

arrow