Netsmart Technologies

ntst.com

+65%

est. 2Y upside i

Healthcare

Rank

#789

Sector

Health Information Technology

Est. Liquidity

~2Y

Data Quality

Data: Medium

Joining Netsmart offers meaningful equity upside potential (~65% expected) anchored by a likely sale process.

Last updated: July 19, 2026

Bull (30%)+100%

M&A sale process closes at a premium valuation of ~2x current fair value, implying ~$3.74B exit. Strong moat and profitability attract strategic or financial buyers.

Base (50%)+80%

Moderate revenue growth to ~$705M, multiple expands to ~5.3x due to market leadership and steady performance, yielding $3.36B valuation.

Bear (20%)-25%

Growth stalls, multiple contracts to ~2x revenue due to increased competition from large incumbents, resulting in ~$1.41B valuation.

Est. time to liquidity~1.5 years

Preference Stack Risk

low

Funding Intensity

0%

Only $4.49M of preferred stock exists, negligible compared to $1.87B valuation, so preference stack is minimal.

Dilution Risk

low

Company is profitable and cash-flow positive, making a dilutive equity raise unlikely within 2 years.

Secondary Liquidity

none

No secondary market activity reported; liquidity only through an exit event (sale or IPO).

Questions to Ask at the Interview

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

  • 1

    How does the ongoing sale process affect employee equity and potential earnouts?

  • 2

    What is the customer retention rate and how does Netsmart's switch cost compare to athenahealth?

  • 3

    Given the stale valuation, what mechanism would you expect for 409A refresh and how often is it updated?

Community

Valuation Sentiment

Our model estimates +65% upside. What do you think?

Anonymous. Do not share material non-public information.


Community Discussion

Comments are reviewed before they appear publicly.

0/2000

Loading comments...

Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.