-69%

est. 2Y upside i

Rank

#3826

Sector

Coworking

Est. Liquidity

~4Y

Data Quality

Data: Low

Equity in Second Home carries a negative expected return of -68.6% over two years due to the company's recent administration, heavy preference overhang ($75M), and lack of growth data.

Last updated: July 3, 2026

Bull (10%)+4%

Second Home's biophilic brand and management buyout create a recovery story, driving multiple expansion to 3x revenue for a $24.75M exit. Dilution of 20% reduces net upside to 4%.

Base (50%)-58%

Revenue stagnates at $8.25M, multiple converges to 1.5x for a $12.375M exit, net of 20% dilution results in -58% return. Preference stack of $75M overhang heavily dilutes common.

Bear (40%)-100%

Revenue declines or multiple collapses to 0.5x, exit value below $75M preference, common stock recovery zero. Incumbent threat and high capital intensity exacerbate downside.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

0%

Total funding of $75M with an assumed entry valuation of $20M creates a severe preference overhang that fully wipes out common equity in most exit scenarios.

Dilution Risk

high

The company is likely to require additional capital within 24 months given high capital intensity and negative profitability, leading to further dilution of ~20%.

Secondary Liquidity

none

No secondary market activity exists; the company is privately held with no recent tender offers or liquidity events.

View all 4 open roles at Second Home →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Second Home's biophilic design provide a sustainable competitive advantage against larger players like IWG?”

  • 2

    “What is the current occupancy and churn rate, and how has it trended since the administration?”

  • 3

    “Given the management buyout, what is the dilution risk from future funding rounds, and what is the expected timeline to an exit?”

Community

Valuation Sentiment

Our model estimates -69% 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.