-67%

est. 2Y upside i

FinTech

Rank

#4514

Sector

Fintech

Est. Liquidity

~0Y

Data Quality

Data: High

Airbase was acquired by Paylocity for $325 million in cash on October 1, 2024.

Last updated: March 10, 2026

Bull (0%)0%

N/A - Airbase was acquired by Paylocity in October 2024, eliminating independent equity upside for Airbase as a standalone entity.

Base (100%)0%

Airbase was acquired by Paylocity for $325 million in cash on October 1, 2024. Any equity offered to a job seeker today (March 2026) would be in Paylocity, not Airbase, meaning no future independent equity upside for Airbase itself.

Bear (0%)0%

N/A - Airbase was acquired by Paylocity in October 2024, eliminating independent equity downside for Airbase as a standalone entity.

Est. time to liquidity~0.0 years

Preference Stack Risk

severe

Funding Intensity

77%

With $252M in total funding and an acquisition price of $325M, preferred shareholders would have taken a substantial portion, potentially leaving $73M for common shareholders if a 1x preference was in place.

Secondary Liquidity

none

Airbase's equity was converted to cash upon acquisition, eliminating secondary market opportunities for its shares.

Questions to Ask at the Interview

Strategic questions based on Adaptly's data — designed to show you've done your homework.

  • 1

    “How has the integration of Airbase into Paylocity progressed since the October 2024 acquisition, and what are the key synergies being realized?”

  • 2

    “Given Airbase's focus on spend management, how does Paylocity plan to leverage this technology to expand its market beyond HCM and into the Office of the CFO?”

  • 3

    “Since Airbase is now part of a public company, what are the opportunities for career growth and impact within the larger Paylocity organization, and what is the typical equity package for new hires?”

Community

Valuation Sentiment

Our model estimates -67% 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.