-3%

est. 2Y upside i

n8n is a workflow automation platform that uniquely combines AI capabilities with business process automation. The platform enables connection to any app or API while maintaining the flexibility of code with the speed of no-code.

Rank

#2996

Sector

Workflow Automation

Est. Liquidity

~3Y

Data Quality

Data: High

Despite strong growth and a strategic SAP partnership, n8n's entry valuation of $5.2B implies a 48x revenue multiple, leaving limited upside in base case and significant downside risk from multiple compression and competition.

Last updated: July 3, 2026

Bull (20%)+180%

n8n capitalizes on SAP partnership and IPO window, commanding a ~29x multiple on $539M projected revenue, delivering 200% gross upside; after 20pp dilution, net upside ~180%.

Base (35%)+4%

Revenue grows to $539M but multiple converges toward public comp range (12x), yielding 24% gross upside; after 20pp dilution, net upside ~4%.

Bear (45%)-89%

Revenue growth disappoints or competition intensifies, multiple compresses to 3x, implying $1.62B exit; after 20pp dilution, net loss ~89%.

Est. time to liquidity~2.5 years

Preference Stack Risk

low

Funding Intensity

5%

Total preferred liquidation preference of $254M versus $5.2B valuation, representing 4.9% of value.

Dilution Risk

moderate

Given rapid growth, additional financing likely within 24 months, diluting common stock by ~20%.

Secondary Liquidity

moderate

Recent secondary transactions at $5.2B valuation provide a pricing reference, but liquidity for employees is likely limited.

Product — 4 roles

Other — 1 role

View all 40 open roles at n8n →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on n8n's data — designed to show you've done your homework.

  • 1

    “How would you integrate n8n with SAP's ecosystem beyond Joule Studio?”

  • 2

    “What is the unit economics for self-hosted vs cloud customers?”

  • 3

    “What is your view on the liquidity timeline given the recent SAP investment?”

Community

Valuation Sentiment

Our model estimates -3% 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.