Hadrian
-90%
est. 2Y upside i
Hadrian is building autonomous factories that help aerospace and defense companies manufacture rockets, satellites, jets, and ships up to 10x faster and up to 2x cheaper.
Rank
#3690
Sector
Aerospace and Defense
Est. Liquidity
~3Y
Data Quality
Data: LowDo not rely on equity compensation.
Last updated: July 21, 2026
Exit at 4.5x forward revenue ($868.5M) driven by IPO window and category leadership. After 20% dilution, upside is -65.7%.
Exit at 3.5x forward revenue ($675.5M), below total funding of $730M. Common stock recovers -100% after preference stack.
Exit at 2x forward revenue ($386M), far below preference. Common stock worthless.
Preference Stack Risk
severeFunding Intensity
4563%Total funding of $730M represents 45.6% of current valuation, meaning preferred shareholders receive $730M before common in a sale.
Dilution Risk
highWith $730M raised and significant capital requirements for factory builds, another dilutive round within 24 months is likely.
Secondary Liquidity
noneNo secondary market transactions detected; employees likely have no liquidity until an IPO or acquisition.
Special Projects — 34 roles
- Build Engineer, Special Projects · Los Angeles
- Business Operations Analyst, Special Projects · Los Angeles
- Director of Business Operations, Additive Manufacturing · Los Angeles
- +31 more →
Factory Operations — 27 roles
- Business Analyst · Los Angeles
- CAM Programmer · Los Angeles
- CAM Programmer - Execution · Mesa, AZ
- +24 more →
Business — 26 roles
- Accountant · Los Angeles
- Associate General Counsel, Corporate · Washington D.C.
- Associate General Counsel, Government Contracts · Los Angeles
- +23 more →
Automation & Enablement — 21 roles
- Applications Engineer · Los Angeles
- Backend Software Engineer · Los Angeles
- Backend Tech Lead, Factory Automation · Los Angeles
- +18 more →
Atlas — 1 role
- Supply Chain Engineer · Los Angeles
Last updated: March 10, 2026
Questions to Ask at the Interview
Strategic questions based on Hadrian's data — designed to show you've done your homework.
- 1
“What is the current annualized revenue run rate and growth trajectory?”
- 2
“How does the company plan to achieve cash-flow breakeven given high capital intensity?”
- 3
“What is the company's strategy to provide liquidity for employees (e.g., secondary markets, IPO timeline)?”
Community
Valuation Sentiment
Our model estimates -90% 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.