-16%

est. 2Y upside i

DevOps & InfraSeries D+

Open source columnar database for real-time analytics and data warehousing

Rank

#2517

Sector

Database Software

Est. Liquidity

~3Y

Data Quality

Data: Medium

ClickHouse has strong product momentum with $250M ARR and 201% YoY growth, but the secondary market entry valuation of $22B implies an 88x multiple that leaves little room for error.

Last updated: July 19, 2026

Bull (10%)+112%

IPO window and AI agent demand sustain multiple at 35x, driving exit value to $46.7B. Revenue growth remains strong at >100% YoY.

Base (45%)-9%

Multiple converges to 15x as growth normalizes, yielding exit value of $20.0B. Revenue reaches $1.34B but valuation declines from entry.

Bear (45%)-52%

Competition from incumbents compresses multiple to 8x, exit value $10.7B. Preference stack minimal but common stock suffers 51.5% loss.

Est. time to liquidity~2.5 years
Adjusted for competitive dynamics: -10% (raw: -16%, adjustment: +6%)

Preference Stack Risk

low

Funding Intensity

5%

Total funding of $1.05B is only 4.8% of entry valuation, so preference overhang is minimal.

Dilution Risk

low

No additional fundraising expected within 24 months given recent $400M Series D and $1.05B total funding.

Secondary Liquidity

active

Secondary market valuation of $22B indicates active trading and liquidity for existing shares.

Other — 164 roles

View all 164 open roles at ClickHouse →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does ClickHouse plan to differentiate from Snowflake and maintain its growth trajectory?”

  • 2

    “What is the unit economics and path to profitability for the Cloud business?”

  • 3

    “Given the high valuation, what is the expected timeline and strategy for an IPO?”

Community

Valuation Sentiment

Our model estimates -16% 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.