Alchemy Insights

alchemy.com →

-86%

est. 2Y upside i

DevOps & InfraSeries D+

Rank

#3649

Sector

Blockchain Infrastructure & Developer Tools

Est. Liquidity

~3Y

Data Quality

Data: Low

Given the extremely high and stale entry valuation of $10.2B from 2022, the expected 2-year upside is strongly negative (-85.8%).

Last updated: July 19, 2026

Bull (25%)-80%

If Alchemy successfully IPOs within 2 years, the market might apply a premium multiple of 20x forward revenue given strong developer traction and profitability, resulting in a $2.0B exit value. However, this still implies an 80% loss from the $10.2B entry.

Base (50%)-85%

Assuming the forward revenue multiple converges to public comps at 15x, projected revenue of $105M yields a $1.58B exit. This represents an 85% decline from the stale entry valuation.

Bear (25%)-92%

If growth disappoints or crypto headwinds persist, the multiple could compress to 8x, giving an $840M exit. Common stock recovery is minimal after $564M preference, resulting in a ~92% loss.

Est. time to liquidity~3.0 years

Preference Stack Risk

low

Funding Intensity

550%

Total preferred stock is $564M, representing 5.5% of entry valuation, so preference risk is low at current valuation.

Dilution Risk

low

Company is profitable and likely has sufficient runway, so near-term dilution is minimal.

Secondary Liquidity

none

No secondary transactions have been reported, limiting liquidity options.

View all 16 open roles at Alchemy Insights →

Last updated: July 3, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Alchemy plan to maintain its competitive moat against well-funded incumbents like Coinbase Cloud and Infura?”

  • 2

    “Given the current revenue base, what is the company's growth trajectory and path to justifying the $10.2B valuation?”

  • 3

    “What is the estimated timeline to liquidity (IPO or acquisition) and how does the company ensure employee equity is not diluted?”

Community

Valuation Sentiment

Our model estimates -86% upside. What do you think?

Anonymous. Do not share material non-public information.

Community Discussion

Comments are reviewed before they appear publicly.

0/2000

Loading comments...

Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.