-38%

est. 2Y upside i

Sales & Marketing

Rank

#3083

Sector

Enterprise Software / Cloud ERP & CRM

Est. Liquidity

~4Y

Data Quality

Data: Medium

Despite Odoo's strong product and growth, the current secondary valuation of $9.1B at 17.9x ARR is demanding.

Last updated: July 3, 2026

Bull (25%)+9%

If Odoo maintains its growth trajectory or benefits from an IPO window (e.g., public listing within 2 years), its revenue multiple could expand to 12x forward ARR, yielding ~8.7% upside from the secondary valuation of $9.1B.

Base (35%)-28%

Revenue growth decelerates to ~31% and ~23% annually, leading to $824M ARR in 24 months. At a peer-average 8x multiple, the company is valued at $6.6B, representing a 27.6% decline from entry.

Bear (40%)-76%

Competitive pressure from incumbents Oracle, Microsoft, and SAP compresses the multiple to 5x forward ARR. Exit of $4.12B leaves common equity at $2.22B after $1.9B preference, a 75.6% loss.

Est. time to liquidity~4.0 years

Preference Stack Risk

high

Funding Intensity

21%

Total preferred funding of $1.9B represents 20.9% of the $9.1B common valuation, creating a significant overhang in downside scenarios.

Dilution Risk

low

Company is profitable and well-funded, making a dilutive primary raise unlikely within 2 years.

Secondary Liquidity

moderate

Secondary market transactions in early 2026 provided some liquidity, but volume is small; liquidity is limited for employees.

Questions to Ask at the Interview

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

  • 1

    “How does Odoo plan to sustain its 42% growth rate against incumbents like Oracle and SAP?”

  • 2

    “What is the company's strategy for expanding beyond SMEs into the enterprise segment?”

  • 3

    “How do you evaluate the liquidity of equity grants given the private nature of the company?”

Community

Valuation Sentiment

Our model estimates -38% 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.