+34%

est. 2Y upside i

Cybersecurity

Rank

#1264

Sector

Cybersecurity

Est. Liquidity

~3Y

Data Quality

Data: Medium

Skyhigh offers moderate upside of ~34% over 2 years.

Last updated: July 19, 2026

Bull (15%)+137%

If IPO window opens or category leadership recognized, exit multiple expands to 8x on $280M revenue, yielding $2.24B exit. After preference, common stock returns 157%, less 20% dilution net 137%.

Base (40%)+78%

Multiple converges to 6.5x, near comp range midpoint, exit value $1.82B. Common returns 98% before dilution, net 78%.

Bear (45%)-39%

Multiple compresses to 3.5x due to competitive pressure from Zscaler and Netskope, exit value $980M. Common returns -19% before dilution, net -39%.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

36%

Total funding of $400M represents 36% of entry valuation, creating significant preference overhang.

Dilution Risk

high

The recent $400M raise likely diluted existing shareholders significantly; we assume additional 20% dilution from option pools over 2 years.

Secondary Liquidity

none

No secondary trading data available; liquidity likely via IPO or acquisition.

Questions to Ask at the Interview

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

  • 1

    “How does Skyhigh differentiate from Zscaler in the SSE market given Zscaler's head start?”

  • 2

    “What is the company's strategy to increase market penetration from 5% of SAM?”

  • 3

    “Given the large recent raise, what is the expected path to liquidity and any secondary sale plans?”

Community

Valuation Sentiment

Our model estimates +34% 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.