+65%

est. 2Y upside i

FinTech

API-first stock and crypto brokerage platform

Rank

#795

Sector

Fintech

Est. Liquidity

~4Y

Data Quality

Data: High

Alpaca offers a moderate equity opportunity with a probability-weighted upside of ~65% over 2 years.

Last updated: July 19, 2026

Bull (30%)+100%

Multiple compresses to 4.2x but revenue growth drives 2x return; IPO window or category leadership could cap upside.

Base (45%)+67%

Multiple converges toward 3.5x as growth normalizes, resulting in 66.5% upside from strong revenue growth.

Bear (25%)+19%

Multiple contracts to 2.5x due to increased competition or slowdown, but revenue growth still yields modest positive return.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

3960%

Total funding of $455M represents 39.6% of current valuation, implying significant preference overhang.

Dilution Risk

low

Recent $135M equity raise and $300M debt provide ample runway for 2+ years.

Secondary Liquidity

none

No secondary trading activity reported; liquidity likely limited to exit events.

Other — 67 roles

View all 67 open roles at Alpaca →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Alpaca plan to differentiate from Robinhood's brokerage infrastructure?”

  • 2

    “What is the unit economics of a typical customer and how does it scale?”

  • 3

    “Given the large preference stack, what is the potential dilution and liquidity timeline for employees?”

Community

Valuation Sentiment

Our model estimates +65% 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.