+15%

est. 2Y upside i

DevOps & InfraSeries A

Rank

#1720

Sector

Developer Tools, Open Source Software

Est. Liquidity

~10Y

Data Quality

Data: Low

Despite npm's strong network effects and large developer base, the equity carries significant risk.

Last updated: July 19, 2026

Bull (10%)+133%

npm successfully addresses supply chain security, regains developer trust, and achieves 5% revenue growth. Exit multiple expands to 7x due to stable recurring revenue, implying a $42M enterprise value. Common stock benefits from excess over $18.93M preference, yielding 133% upside from entry valuation.

Base (55%)+67%

Revenue remains flat at $6M as security concerns persist. Exit multiple converges to 5x, in line with low-growth developer tools, resulting in a $30M enterprise value. After preference, common stock returns 66.7% from current valuation.

Bear (35%)-100%

Security incidents accelerate, causing developer attrition and revenue decline. Exit multiple compresses to 3x or below, and enterprise value falls below the $18.93M preference stack, wiping out common equity entirely.

Est. time to liquidity~10.0 years

Preference Stack Risk

severe

Funding Intensity

105%

Total funding of $18.93M exceeds current valuation of $18M, meaning preferred stockholders would take all proceeds in a liquidation scenario, leaving nothing for common.

Dilution Risk

low

The last round was in 2015; the company appears self-sustaining, so dilution from future rounds is unlikely.

Secondary Liquidity

none

No secondary market exists; equity is illiquid.

View all 10 open roles at npm →

Last updated: February 22, 2026

Questions to Ask at the Interview

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

  • 1

    “How would you address the supply chain security concerns to restore developer trust?”

  • 2

    “What opportunities exist to increase revenue per developer beyond the current free model?”

  • 3

    “Given the company is owned by Microsoft, what is the liquidity path for your equity?”

Community

Valuation Sentiment

Our model estimates +15% 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.