+37%

est. 2Y upside i

Series C

Rank

#1518

Sector

Outdoor Recreation Technology

Est. Liquidity

~3Y

Data Quality

Data: High

OnXMaps presents a moderate upside opportunity for a job seeker.

Last updated: March 10, 2026

Bull (35%)+150%

OnXMaps leverages its strong brand and proprietary data to expand aggressively into new outdoor verticals, including international markets and new activity-specific apps, while deepening strategic partnerships with automotive and telecom players. Continued strong subscriber growth, potentially exceeding 50% YoY, drives revenue to over $700M by 2028. This justifies a valuation of $3.5B (2.5x current), reflecting both growth and multiple expansion in a strong market.

Base (45%)+50%

OnXMaps maintains its market leadership in niche outdoor mapping, growing subscribers steadily through product enhancements and moderate market expansion. Revenue grows at a healthy 30-35% YoY, reaching approximately $600M by 2028. The company achieves a $2.1B valuation (1.5x current), reflecting solid execution and continued profitability, leading to a successful acquisition or IPO.

Bear (20%)-50%

Increased competition from well-funded incumbents (e.g., Google Maps integrating more specialized layers, or new entrants with aggressive pricing) or a slowdown in outdoor recreation participation leads to decelerated subscriber growth, falling to below 20% YoY. Revenue struggles to exceed $500M by 2028, and the valuation contracts to $0.7B (0.5x current), significantly impacting common stock value due to liquidation preferences.

Est. time to liquidity~3.0 years

Preference Stack Risk

high

Funding Intensity

28%

Investors have contributed $388M in total funding. In an exit at or below the current $1.4B valuation, preferred shareholders would receive their $388M back before common shareholders see any proceeds.

Dilution Risk

moderate

While profitable, future growth initiatives or market conditions could necessitate additional funding rounds, leading to further dilution for common shareholders.

Secondary Liquidity

limited

Secondary market activity for OnXMaps stock is low, primarily available through specialized platforms like EquityZen for accredited investors.

Other — 18 roles

View all 18 open roles at OnXMaps →

Last updated: February 22, 2026

Questions to Ask at the Interview

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

  • 1

    “How is OnXMaps thinking about defending its market position and subscriber growth as major mapping incumbents like Google and Apple potentially integrate more specialized outdoor features?”

  • 2

    “With a strong revenue base of ~$375M and rapid ARR growth, what are the key strategic initiatives for diversifying revenue streams beyond core hunting and off-roading, particularly in new verticals or international markets?”

  • 3

    “Given the Series C funding and recent strategic investment, what is the anticipated timeline for a liquidity event (IPO or acquisition) for employees, and what are the company's plans for managing employee equity in the interim?”

Community

Valuation Sentiment

Our model estimates +37% 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.