-21%

est. 2Y upside i

Series D+

Blockchain analysis platform for compliance and investigation

Rank

#2736

Sector

Blockchain Analytics / Crypto Compliance

Est. Liquidity

~2Y

Data Quality

Data: Medium

Chainalysis has real moat and IPO catalyst, but 71% secondary discount is the honest signal.

Last updated: March 20, 2026

Bull (30%)+100%

IPO late 2026 at 10-12x ARR ($2.5-3B). Crypto cycle + private sector diversification.

Base (45%)+25%

IPO 2026-2027 at 8-10x ($2-2.5B). Flat to modest vs $2.5B secondary.

Bear (25%)-40%

IPO delayed; DOGE cuts gov contracts; below $2.5B secondary.

Est. time to liquidity~1.5 years

Preference Stack Risk

high

Funding Intensity

6%

$536.6M raised; at $2.5B secondary, preferences consume large share.

Dilution Risk

moderate

Series F extension Oct 2025; pre-IPO dilution expected.

Secondary Liquidity

limited

$2.5B implied; thin for rank-and-file.

Other — 2 roles

View all 2 open roles at Chainalysis →

Last updated: February 17, 2026

Questions to Ask at the Interview

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

  • 1

    “Private sector revenue mix and diversification roadmap?”

  • 2

    “DOGE impact on active contract renewals?”

  • 3

    “409A vs $8.6B primary and $2.5B secondary?”

Cluster Peers

Expected Upside

Chainalysis
-21%
Sardine
-71%
ComplyAdvantage
-75%
Unit21
-75%

Community

Valuation Sentiment

Our model estimates -21% upside. What do you think?

Anonymous. Do not share material non-public information.

Community Discussion

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