-58%

est. 2Y upside i

HR TechSeries D+

Modern people management platform.

Rank

#3368

Sector

HR Software

Est. Liquidity

~3Y

Data Quality

Data: Low

Given the negative expected return (-57.7%) and high risk, this equity grant is unattractive.

Last updated: July 21, 2026

Bull (10%)+18%

If an IPO window opens and Lattice capitalizes on category leadership, revenue multiples could hold at 20x, yielding a 38.3% total return, but after 20% dilution, net upside of 18.3%.

Base (50%)-51%

As multiples converge toward public comps (10x), projected revenue of $207.5M gives a 30.8% decline, net -50.8% after dilution.

Bear (40%)-85%

Multiple compression to 5x and potential market share loss to incumbents result in a 65.4% decline, net -85.4% after dilution, though exit value exceeds total funding, so common stock is not wiped out.

Est. time to liquidity~3.0 years

Preference Stack Risk

moderate

Funding Intensity

1107%

Total funding of $332M is 11.1% of entry valuation, so preferred stack is moderate.

Dilution Risk

high

Last round was 4.5 years ago, and burn rate suggests a financing within 2 years, diluting common by ~20%.

Secondary Liquidity

none

No secondary market activity reported.

View all 18 open roles at Lattice →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “What is the current annual recurring revenue growth rate and how has it trended over the past 12 months?”

  • 2

    “How does Lattice differentiate from Workday and SAP SuccessFactors in the mid-market segment?”

  • 3

    “Given the 2023 layoffs and product pivots, what is the company's path to profitability and expected cash runway?”

Community

Valuation Sentiment

Our model estimates -58% 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.