Platform

OnlyFans Seeks Majority Stake Sale At $5.5B Valuation To Architect Capital

Published on February 2, 2026

OnlyFans is in exclusive talks to sell a majority stake to Architect Capital, a San Francisco-based investment firm, at a $5.5 billion valuation, according to sources confirmed by TechCrunch.

Under the proposed terms, Architect Capital would acquire a 60% stake in the company for approximately $3.5 billion in equity, with the remaining $2 billion composed of debt, a source told TechCrunch. The exclusive negotiating period prevents OnlyFans from engaging with other potential buyers during the discussions, though no agreement has been finalized.

The proposed valuation represents a discount from the $8 billion figure that OnlyFans owner Leonid Radvinsky reportedly sought when exploring investment partners earlier this year. The platform generated $7.22 billion in gross revenue during fiscal year 2024, with pre-tax profit reaching $684 million, according to the company’s annual report.

According to Axios, OnlyFans’ $5.5 billion valuation would exceed competitor creator subscription platforms, including Substack and Patreon, though it remains substantially lower than publicly traded social media companies such as Meta, Snap, and Reddit.

By comparison, Snapchat generated $5.46 billion in revenue during fiscal 2024 without achieving profitability, while Reddit earned $1.3 billion in revenue with $298 million in pre-tax profit during the same period.

Previous Sale Discussions

This marks OnlyFans’ second known attempt to sell a majority stake. The platform previously held discussions with Forest Road Company, a Los Angeles-based investment firm, following reports that Radvinsky was looking to exit his ownership position.

Architect Capital, which launched in 2021 as an asset-based lender focused on early-stage startups, believes OnlyFans has a pathway to going public in 2028, according to The Wall Street Journal.

The UK-based subscription platform, founded in 2016 by Tim Stokely and acquired by Radvinsky in 2018, continues to operate under its parent company, Fenix International Ltd. The platform reports paying out $5.8 billion to its 4.63 million creators in fiscal 2024, maintaining an 80/20 revenue split.