Cornerstone OnDemand

cornerstoneondemand.com →

-22%

est. 2Y upside i

Rank

#2783

Sector

Information Technology Services

Est. Liquidity

~3Y

Data Quality

Data: Medium

Given the stale $5.2B valuation and minimal growth (12% YoY), the expected employee equity return is negative at -21.9% over 2 years.

Last updated: July 19, 2026

Bull (15%)+77%

Driven by AI platform (Cornerstone Galaxy) and potential IPO window, multiple expands to 6x forward revenue, implying $9.2B exit.

Base (35%)+47%

Multiple converges to 5x forward revenue (in line with mature comps), yielding $7.7B exit; preference overhang still limits common upside.

Bear (50%)-100%

Competition from Workday and Oracle, combined with slowing growth, compress multiple to 3x; exit ($4.6B) below preference stack, wiping out common equity.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

40000%

Total funding ($5.2B) equals current valuation, so common stock has no priority; any exit below $5.2B results in zero common recovery.

Dilution Risk

low

Company is profitable and not raising capital, minimal dilution expected.

Secondary Liquidity

none

No secondary market activity identified.

Questions to Ask at the Interview

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

  • 1

    “How does Cornerstone differentiate from Workday's learning module acquisition?”

  • 2

    “What is the company's path to next funding round or exit given flat growth?”

  • 3

    “Can you share the current common stock valuation and any secondary liquidity programs?”

Community

Valuation Sentiment

Our model estimates -22% 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.