Lightspark
-34%
est. 2Y upside i
Lightspark is the easiest, low-cost, most reliable, enterprise-grade way to send and receive payments globally, enabling money to move just like bits and bytes do on the Internet. We're delivering open payments for the Internet at scale, using the Lightning Network.
Rank
#3008
Sector
Fintech
Est. Liquidity
~3Y
Data Quality
Data: LowThe expected return is negative (-34%) given the stale high valuation ($849M) and lack of revenue visibility.
Last updated: July 19, 2026
Lightspark maintains high multiple (25x) due to Lightning Network dominance and Visa partnership; projected revenue $55M yields $1.375B exit. After 20% dilution, net upside 30%.
Multiple converges to 15x (high end of comps); exit at $825M. After dilution, net downside -22%.
Multiple compresses to 5x; exit $275M below $175M preference stack, common stock wiped out.
Preference Stack Risk
highFunding Intensity
2060%Total funding $175M on $849M valuation (20.6% overhang); 1x preference likely, so common equity is at risk in a down scenario.
Dilution Risk
highWith $175M raised in May 2022 and ongoing operations, another round within 24 months is probable, leading to 15-25% dilution.
Secondary Liquidity
noneNo secondary market activity reported; liquidity likely tied to IPO or acquisition, which is not imminent.
Engineering — 5 roles
- Lead Lightning Network Infrastructure Engineer · Los Angeles HQ
- Senior Backend Engineer · Los Angeles HQ
- Senior Fullstack Software Engineer, EU · Estonia
- +2 more →
Finance — 3 roles
- Accounting Lead · Los Angeles HQ
- Finance Manager, Payments · Los Angeles HQ
- Senior Accountant · Los Angeles HQ
Legal & Compliance — 2 roles
- Legal Counsel, EU · Estonia
- Senior AML Specialist, EU · Estonia
Business Development — 1 role
- Senior Account Executive, Enterprise · Los Angeles HQ
Product — 1 role
- Staff Product Manager · Los Angeles HQ
Last updated: March 10, 2026
Questions to Ask at the Interview
Strategic questions based on Lightspark'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 Lightning Network transaction volume compare to traditional rails, and what are the unit economics?”
- 3
“What is the expected timeline to profitability or next funding round, and how much dilution do you anticipate?”
Community
Valuation Sentiment
Our model estimates -34% 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.