-84%

est. 2Y upside i

Series B

Rank

#4360

Sector

Gaming, Blockchain, Fantasy Sports

Est. Liquidity

~4Y

Data Quality

Data: High

Sorare presents a high-risk equity opportunity for a job seeker.

Last updated: March 10, 2026

Bull (5%)+100%

Sorare successfully navigates its legal challenges, the Web3 gaming market rebounds strongly, and new game mechanics drive sustained user engagement and revenue growth to over $150M by 2028, justifying an $8.6B valuation as it approaches profitability.

Base (25%)-40%

Sorare continues to face headwinds from regulatory uncertainty and a slow Web3 market recovery. Revenue remains flat or sees modest growth to around $60M, and persistent losses lead to a down round or acquisition at a $2.6B valuation, significantly impacting common stock value.

Bear (70%)-75%

A negative outcome in the UK Gambling Commission dispute, coupled with continued revenue decline to below $40M and substantial losses, forces a distressed recapitalization or fire sale. The company's valuation drops to $1.0B or less, wiping out most common stock value due to liquidation preferences.

Est. time to liquidity~3.5 years

Preference Stack Risk

high

Funding Intensity

17%

Investors hold $739M in liquidation preferences, representing 17.2% of the current $4.3B valuation. In an exit at or below this valuation, common stock holders would see significantly reduced returns.

Dilution Risk

high

Given the significant losses and dwindling cash reserves, further funding rounds are likely, which could lead to substantial dilution for existing equity holders.

Secondary Liquidity

limited

While a secondary market exists for player cards, there is no active secondary market for company equity, and transfers are monitored for fraud.

View all 3 open roles at Sorare →

Last updated: February 22, 2026

Questions to Ask at the Interview

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

  • 1

    “Given the sustained revenue decline from $69M in 2023 to a projected $42M in 2025, what is the concrete strategy to return to significant growth, and what are the key metrics you are tracking to demonstrate this turnaround?”

  • 2

    “How is Sorare addressing the ongoing legal dispute with the UK Gambling Commission, and what contingency plans are in place should the outcome be unfavorable, particularly regarding its impact on user acquisition and revenue in key markets?”

  • 3

    “With $739M in total funding and a $4.3B valuation, how does the company plan to manage potential future dilution for common shareholders, and what is the realistic timeline and strategy for achieving a liquidity event that provides meaningful returns for employees?”

Community

Valuation Sentiment

Our model estimates -84% 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.