Gym Class - by IRL Studios

gymclass.com →

-91%

est. 2Y upside i

Seed

Connecting the world by simulating it

Rank

#2527

Sector

Gaming, Virtual Reality, Social Sports

Est. Liquidity

~4Y

Data Quality

Data: Medium

Gym Class presents a moderate upside opportunity for a job seeker, with an estimated 35.5% expected return over a two-year horizon, assuming a current valuation of $60M.

Last updated: March 10, 2026

Bull (15%)+300%

Gym Class expands aggressively into new sports (football, tennis, soccer) and geographies, leveraging its strong licensing deals with NBA and MLB to attract a massive global audience. Revenue surpasses $50M by 2028, justifying a $240M+ valuation (4x current assumed $60M) at a premium multiple due to its unique social VR sports platform and strong community engagement.

Base (45%)+50%

Gym Class maintains its leadership in VR basketball and successfully integrates baseball, achieving steady user growth and in-app purchase revenue. It continues to secure additional licensing deals, growing revenue to ~$15M by 2028. This growth supports a $90M valuation (1.5x current assumed $60M), reflecting solid execution but facing ongoing competitive pressure from other VR sports titles and Meta's platform control.

Bear (40%)-80%

Meta launches a first-party, highly integrated VR sports platform that significantly undercuts Gym Class's market position, or a well-funded competitor gains substantial traction. User growth stalls, and revenue struggles to exceed $5M by 2028. This leads to a down round or acquisition at a distressed valuation of $12M (0.2x current assumed $60M), severely impacting common stock value due to liquidation preferences.

Est. time to liquidity~4.0 years

Preference Stack Risk

moderate

Investors hold $8M in liquidation preferences, representing 13.3% of the assumed current $60M valuation.

Dilution Risk

high

As a seed-stage company, Gym Class will likely require multiple future funding rounds, which will lead to significant dilution for existing common stock holders.

Secondary Liquidity

none

There is currently no active secondary market or tender offers for shares in this early-stage, privately held company.

View all 2 open roles at Gym Class - by IRL Studios →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Gym Class - by IRL Studios's data — designed to show you've done your homework.

  • 1

    “How is Gym Class strategizing to mitigate the inherent risk of Meta (as the platform owner) potentially launching a competing first-party VR sports or social experience?”

  • 2

    “Given the success with NBA and MLB, what is the long-term strategy for expanding into other major sports, and how will these new ventures be prioritized and funded?”

  • 3

    “Considering the seed funding and the projected growth, what is the anticipated timeline for future funding rounds, and how does the company plan to manage potential dilution for early employees?”

Community

Valuation Sentiment

Our model estimates -91% 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.