ACTIV Financial Systems
+93%
est. 2Y upside i
Rank
#589
Sector
Fintech
Est. Liquidity
~2Y
Data Quality
Data: LowThe equity offer appears highly speculative due to a 15-year-old valuation, missing growth data, and severe preference overhang ($25.3M preferred vs $28.9M valuation).
Last updated: July 3, 2026
If market data demand surges and ACTIV gains category leadership, multiple expands to 7x forward revenue. Exit value $95.6M, minus 20% dilution gives 211% upside from entry valuation.
Multiple converges to public comp range of 5x, yielding $68.3M exit. After 20% dilution, upside is 116%.
Multiple compresses to 3x due to incumbent pressure, exit $41M. After preference liquidation ($25.3M preferred), common stock value is only $15.7M, representing 42% enterprise upside; net of dilution 22%, but preference stack severely hampers common returns.
Preference Stack Risk
severeFunding Intensity
8750%Total funding of $25.3M represents 87.5% of the $28.9M valuation, leaving only 12.5% for common stock at entry.
Dilution Risk
highCapital-intensive business with no recent financing; likely need to raise capital within 2 years, further diluting common equity.
Secondary Liquidity
noneNo secondary market data or recent tender offers; equity is illiquid until exit.
Questions to Ask at the Interview
Strategic questions based on ACTIV Financial Systems's data — designed to show you've done your homework.
- 1
“How does ACTIV differentiate from Bloomberg and LSEG in the low-latency space?”
- 2
“What is the current revenue growth trajectory and path to profitability?”
- 3
“Can you share the most recent 409A valuation and any secondary market liquidity for employees?”
Community
Valuation Sentiment
Our model estimates +93% upside. What do you think?
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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.