NEXGENT

-100%

est. 2Y upside i

EdTech

Rank

#3794

Sector

EdTech

Est. Liquidity

~5Y

Data Quality

Data: Low

The equity is deeply underwater given the $54.4M preference stack and $1.71M entry valuation.

Last updated: July 21, 2026

Bull (10%)-100%

Even with optimistic growth and multiple expansion, exit value remains far below $54.4M preference stack, resulting in zero common recovery.

Base (40%)-100%

Assuming 2x multiple on flat revenue, exit value $7.6M is insufficient to cover preference stack, common stock worthless.

Bear (50%)-100%

Further multiple compression or revenue decline leads to exit value below $1.9M, common stock worthless.

Est. time to liquidity~5.0 years

Preference Stack Risk

severe

Funding Intensity

3184%

Total funding of $54.44M with 1x liquidation preference exceeds entry valuation of $1.71M by 32x, leaving common stock with no residual value.

Dilution Risk

high

With low revenue and high burn, a dilutive down round is probable within 24 months.

Secondary Liquidity

limited

Secondary implied valuation of $1.71M indicates limited liquidity and depressed pricing.

Questions to Ask at the Interview

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

1
“What is your strategy to grow revenue and achieve profitability given the competitive landscape?”
2
“How do you plan to differentiate NGT Academy from large EdTech platforms like Coursera and Udemy?”
3
“Given the preference stack, how do you think about employee equity retention and potential liquidity events?”

Our model estimates -100% 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.