Adyton

-29%

est. 2Y upside i

Series B

Adyton makes mobile applications for the Department of Defense, offering logistics and communications tools to improve military operations.

Rank

#3461

Sector

Defense Technology

Est. Liquidity

~3Y

Data Quality

Data: Low

The equity upside for Adyton is highly uncertain due to missing financial data and a severe preference stack (64% of assumed valuation).

Last updated: July 3, 2026

Bull (15%)+58%

Exit multiple expands to 15x on IPO window or category leadership. Projected revenue $5.25M yields exit value $78.75M, up 57.5% from $50M entry.

Base (45%)+5%

Multiple converges to 10x comp range. Exit value $52.5M, 5% upside. Preference stack limits common recovery in downside scenarios.

Bear (40%)-100%

Multiple compresses to 5x, exit value $26.25M below $32M total funding. Common stock worth zero due to 1x non-participating preference.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

6400%

Total funding of $32M with assumed entry valuation of $50M gives 64% preference overhang – common stock is deeply junior.

Dilution Risk

low

Recent $11M Series B in May 2025 likely extends runway 2+ years; no near-term raise expected.

Secondary Liquidity

none

No secondary market activity or implied valuation data available; liquidity likely limited to exit.

Other — 2 roles

Last updated: March 10, 2026

Questions to Ask at the Interview

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

1
“How does Adyton's revenue growth trajectory compare to initial expectations, especially given the 5% YoY figure?”
2
“What is the current annual recurring revenue and customer concentration among the named military branches?”
3
“How does the $32M total funding relate to the current fair value, and what is the implied ownership structure?”

Our model estimates -29% 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.