+2%

est. 2Y upside i

Stage: exit. Country: Spain

Rank

#3524

Sector

Ride-hailing & Multi-mobility

Est. Liquidity

~4Y

Data Quality

Data: High

Cabify demonstrates strong revenue growth ($899M gross revenue, +31% YoY in 2023) and profitability, operating in a large multi-mobility market.

Last updated: March 10, 2026

Bull (15%)+75%

Cabify successfully expands its corporate client base and diversifies its multi-mobility offerings, particularly with strong growth in Cabify Logistics and its zero-emission fleet initiatives. This drives revenue to over $1.5B by 2026 and justifies a $2.45B valuation (75% upside) as the company demonstrates sustainable, profitable growth in its core markets.

Base (45%)+10%

Cabify maintains its market position and continues to grow steadily, reaching approximately $1.1B in revenue by 2026. However, intense competition from Uber and Bolt, coupled with persistent regulatory hurdles, limits significant valuation multiple expansion, resulting in a modest increase to a $1.54B valuation (10% upside).

Bear (40%)-35%

Increased regulatory pressure, such as the new taxi law in Catalonia expected in 2026, combined with aggressive competition from dominant incumbents, leads to market share erosion and slower-than-expected growth. Revenue struggles to exceed $950M by 2026, and a challenging funding environment results in a down round or a lower exit valuation of $910M (-35% downside), significantly impacting common stock value due to the severe liquidation preferences.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

37%

Investors hold $517M in liquidation preferences ahead of common stock. In an exit at or below the current $1.4B valuation, employees with common stock may see significantly reduced returns or nothing.

Dilution Risk

high

As a Series E company with a postponed IPO, further funding rounds are likely before a liquidity event, which will dilute existing common stock.

Secondary Liquidity

limited

Secondary market activity for Cabify shares is currently low, making it difficult for employees to find buyers.

View all 78 open roles at Cabify →

Last updated: February 22, 2026

Questions to Ask at the Interview

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

  • 1

    “Given the high incumbent threat from global players like Uber and Bolt, and the ongoing regulatory challenges in key markets like Spain, how does Cabify plan to differentiate and maintain its market share, particularly with its focus on corporate clients and sustainability?”

  • 2

    “Cabify Logistics doubled its revenues in 2023. What are the specific strategies and investment plans to further scale this segment and how do you see its contribution to overall revenue and profitability evolving over the next two to three years?”

  • 3

    “With the IPO postponed for the near future and the company being a Series E, what is the realistic timeline for a liquidity event for employees, and what mechanisms are in place or being considered to provide some liquidity prior to an IPO?”

Community

Valuation Sentiment

Our model estimates +2% 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.