+91%

est. 2Y upside i

Series D+

Business planning and performance platform for finance and revenue teams

Rank

#402

Sector

Enterprise Software

Est. Liquidity

~2Y

Data Quality

Data: Medium

Pigment offers high potential upside driven by triple-digit growth and a large TAM, but equity value is tempered by a severe preference overhang (39.7% of valuation) and critical incumbent threats.

Last updated: July 3, 2026

Bull (20%)+228%

If Pigment capitalizes on IPO readiness and category leadership, revenue multiple expands to 12x, yielding 227.6% upside.

Base (35%)+118%

With gradual multiple compression towards public comps (8x), 118% upside from revenue growth.

Bear (45%)+9%

If competitive pressure from incumbents compresses multiple to 4x, only 9.2% upside, but preference stack reduces common recovery.

Est. time to liquidity~2.0 years
Adjusted for competitive dynamics: 105% (raw: 91%, adjustment: +14%)

Preference Stack Risk

severe

Funding Intensity

40%

Total funding of $397M represents 39.7% of the $1B valuation, severely diluting common value in downside scenarios.

Dilution Risk

moderate

While no new funding round is anticipated near-term, ongoing option pool grants will dilute existing common stock by ~10-15% annually.

Secondary Liquidity

none

No secondary market activity reported; liquidity hinges on IPO.

G&A — 2 roles

Security — 1 role

Spontaneous Applications — 1 role

View all 79 open roles at Pigment →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Pigment differentiate its AI modeling from incumbent features in Anaplan and Workday Adaptive?”

  • 2

    “What is the company's path to profitability and how does the unit economics support the target IPO timeline?”

  • 3

    “How is the equity compensation structured (option pool, exercise price, and any repurchase rights) given the preference stack?”

Community

Valuation Sentiment

Our model estimates +91% 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.