Stable
-66%
est. 2Y upside i
Our mission is to make it simple to headquarter any business on the internet. Today, we provide companies with a business address and a dashboard to manage their physical mail online. Over 10,000+ companies like Doordash, Gitlab, Glassdoor, and Hims use Stable to automate their mailroom and act as their permanent business address with the IRS, state, and vendors.
Rank
#1066
Sector
Business/Productivity Software, SaaS
Est. Liquidity
~6Y
Data Quality
Data: MediumStable operates in a growing but competitive virtual mailbox market, leveraging AI for differentiation.
Last updated: February 25, 2026
Stable successfully leverages its AI-powered platform and compliance features to significantly outcompete incumbents, expanding its customer base rapidly and potentially launching new high-value services. This drives revenue growth, justifying a valuation of approximately $112.5M.
Stable maintains its position in the virtual mailbox market, steadily acquiring SMB customers and differentiating on AI features and user experience. Growth is consistent, leading to an estimated valuation of $50M at a liquidity event.
Intensified competition from well-funded incumbents like Earth Class Mail and LegalZoom, coupled with potential pricing pressure or slower-than-expected adoption of AI features, stifles Stable's growth. This could lead to a down round or a low-value acquisition, reducing the valuation to approximately $5M and significantly eroding common stock value.
Preference Stack Risk
moderateInvestors hold $3M in liquidation preferences, which is 12% of the estimated $25M current valuation. In an exit at or below $3M, common stock holders would receive little to nothing.
Dilution Risk
highWith only $3M raised to date and 47 employees, future funding rounds are highly probable, which will dilute existing equity holders.
Secondary Liquidity
limitedWhile a secondary transaction occurred in 2024-07, there is no indication of an active or regular secondary market for Stable's shares, suggesting limited liquidity for employees.
Product — 3 roles
- Growth Engineer · Remote
- Product Engineer · Remote
- Senior Product Designer · Remote
Mail Operations — 2 roles
- Processing Center Specialist - PT/Seasonal · New York City
- Processing Center Specialist · Dallas
Customer Success — 1 role
- Customer Success Manager · Denver
Customer Support — 1 role
- Customer Support Specialist · Denver
G&A — 1 role
- Director of Legal · New York City
Marketing — 1 role
Sales — 1 role
- Head of Sales · Denver
Last updated: March 10, 2026
Questions to Ask at the Interview
Strategic questions based on Stable's data — designed to show you've done your homework.
- 1
“Given the moderate competitive moat and the presence of established players like Earth Class Mail and LegalZoom, what are Stable's key strategies to maintain and grow market share over the next 2-3 years, particularly in terms of product differentiation and customer acquisition?”
- 2
“With $3M in total funding and ~47 employees, how is Stable managing its capital efficiency and what are the plans for future funding rounds or achieving profitability to ensure long-term sustainability?”
- 3
“Considering the 2024-07 secondary transaction, how does Stable envision the path to a broader liquidity event for employees, and what is the expected timeline for such an event?”
Community
Valuation Sentiment
Our model estimates -66% 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.