+136%

est. 2Y upside i

AI & MLProductivitySeries B

Gamma is your AI design partner for creating presentations, websites, social media, and more. All at the speed of thought.

Rank

#200

Sector

Generative AI Software, Productivity SaaS

Est. Liquidity

~3Y

Data Quality

Data: Medium

Gamma's equity offers strong probability-weighted upside of ~136% over 2 years, driven by hypergrowth to ~$939M ARR from $100M today.

Last updated: August 4, 2026

Bull (25%)+300%

IPO window and AI category leadership justify 12x forward revenue, but Series B cap limits employee upside to +300% even with $939M ARR ($11.3B exit).

Base (30%)+243%

Revenue reaches $939M ARR and trades at 8x forward revenue, a ~$7.5B exit; after 15% dilution, upside is +243%.

Bear (45%)-26%

Microsoft Copilot and Canva bundle competing features for free, compressing multiple to 2x forward revenue; even at $939M ARR, exit value is only $1.9B, below the current $2.1B mark, yielding -26% after dilution.

Est. time to liquidity~3.0 years

Preference Stack Risk

low

Funding Intensity

410%

$87M total funding vs $2.1B valuation (4.1%); preference only matters below $87M exit.

Dilution Risk

moderate

Hypergrowth likely requires a Series C within 24 months; modeled 15% dilution, though profitability extends runway.

Secondary Liquidity

none

No secondary implied valuation; liquidity likely only via IPO/acquisition.

Questions to Ask at the Interview

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

  • 1

    “How does Gamma plan to fend off Microsoft Copilot and Canva's free AI features while maintaining premium ARPU?”

  • 2

    “What drives the credit-based usage model's gross margin, and how will AI model costs scale with user growth?”

  • 3

    “What is the current fully diluted share count, and what anti-dilution or refresh grant policies exist for new hires?”

Community

Valuation Sentiment

Our model estimates +136% 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.