+16%

est. 2Y upside i

HR TechSeries D+

Change the world to value skills over pedigree

Rank

#3230

Sector

HR Tech

Est. Liquidity

~2Y

Data Quality

Data: Medium

HackerRank presents a risky equity opportunity with an expected upside of 16% over a two-year horizon.

Last updated: March 10, 2026

Bull (25%)+100%

HackerRank's AI-driven solutions and new product lines like SkillUp and Engage gain significant traction, expanding its TAM penetration and market share against competitors. Revenue grows to ~$127M by 2028, justifying a $1B valuation at ~7.8x revenue, driven by strong enterprise adoption and a successful IPO or acquisition.

Base (35%)+20%

HackerRank maintains its market position in technical skill assessment, growing steadily but facing continued competitive pressure from CodeSignal and Codility. Revenue reaches ~$127M by 2028, leading to a $600M valuation at ~4.7x revenue, reflecting moderate growth and a challenging exit environment.

Bear (40%)-40%

Dominant incumbents like Microsoft (LinkedIn) integrate superior developer assessment capabilities, and economic uncertainty continues to depress hiring. HackerRank's growth stalls, leading to a down round or acquisition at a $300M valuation by 2028, resulting in significant loss of common stock value due to the $115M liquidation preference.

Est. time to liquidity~2.0 years

Preference Stack Risk

high

Funding Intensity

23%

Investors hold $115M in liquidation preferences. In a $500M exit, $385M would be available for common shareholders. In a $300M exit, only $185M would be available for common shareholders, significantly impacting employee equity value.

Dilution Risk

moderate

As a Series D company, fewer future funding rounds are likely, but if growth falters or market conditions deteriorate, additional funding rounds or a down round could lead to further dilution.

Secondary Liquidity

limited

Secondary markets like Nasdaq Private Market, Forge, and Hiive offer limited liquidity for accredited investors, but transactions are subject to company policies and market interest, and are not guaranteed.

Other — 36 roles

View all 36 open roles at HackerRank →

Last updated: February 22, 2026

Questions to Ask at the Interview

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

  • 1

    “Given the 2025 Developer Skills Report highlighting increased pressure on developers due to AI and a shift towards senior hiring, how is HackerRank adapting its product roadmap and go-to-market strategy to address these evolving needs for both companies and individual developers?”

  • 2

    “With an estimated annual revenue of ~$72M and a TAM of $4.7B, what are the key strategic initiatives HackerRank is pursuing to accelerate growth and capture a larger share of the HR Tech market, especially against well-funded competitors like CodeSignal and Codility?”

  • 3

    “Considering the Series D funding in 2022 and the current market conditions, what is the company's updated perspective on a liquidity event timeline for employees, and how does the existing preference stack influence the expected returns for common stock holders in various exit scenarios?”

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.