-55%

est. 2Y upside i

DevOps & InfraSeries C

Low-code platform for building internal business tools and applications

Rank

#3719

Sector

Developer Tools

Est. Liquidity

~4Y

Data Quality

Data: Medium

Retool's equity is priced at a 26.7x ARR multiple, far above public comps (5-8x), implying significant downside.

Last updated: July 3, 2026

Bull (15%)+42%

IPO window or category leadership could sustain the current multiple of 26.7x on $178M revenue, yielding $4.75B exit. Common equity gains 42% after $190M preference.

Base (45%)-61%

Multiple converges to public comp range (~8x forward revenue) on $178M revenue, exit $1.42B. After $190M pref, common recovers $1.23B, down 61% from $3.2B entry.

Bear (40%)-84%

Multiple compresses to 4x due to competitive pressure from Microsoft, exit $712M. After $190M pref, common gets $522M, an 84% loss.

Est. time to liquidity~4.0 years

Preference Stack Risk

low

Funding Intensity

15830%

Total preferred liquidation preference of $190M is only 5.9% of current valuation, low risk.

Dilution Risk

low

Company is profitable with $120M ARR, unlikely to need additional funding in 2 years.

Secondary Liquidity

none

No secondary trades observed; likely no liquidity options.

Questions to Ask at the Interview

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

  • 1

    “How does Retool plan to defend against Microsoft Power Apps' low-code dominance?”

  • 2

    “What is the strategy to improve gross margin from 20% to more typical SaaS levels?”

  • 3

    “Given the high valuation, what is the path to liquidity for employees?”

Community

Valuation Sentiment

Our model estimates -55% 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.