+44%

est. 2Y upside i

Series D+

Rank

#1500

Sector

SaaS

Est. Liquidity

~1Y

Data Quality

Data: High

Given Trustpilot's public market liquidity, strong revenue growth, and network effects, the equity upside potential over 2 years is positive but tempered by high competitive threats from Big Tech.

Last updated: July 3, 2026

Bull (15%)+133%

Revenue reaches ~$350M in 2 years with exit multiple expanding to 8x due to category leadership and AI integration, driving market cap to ~$2.8B for 133% upside.

Base (40%)+75%

Revenue grows to ~$350M, multiple converges to 6x (in line with public SaaS comps), yielding $2.1B market cap and 75% upside.

Bear (45%)-13%

Multiple compresses to 3x due to competitive pressure from Google and Amazon reviews, market cap falls to ~$1.05B, resulting in -12.5% loss.

Est. time to liquidity~1.0 years

Preference Stack Risk

low

Funding Intensity

70%

Trustpilot is publicly traded; all preferred shares have converted to common, no preference overhang.

Dilution Risk

low

As a public company, dilution from equity grants is typical but modest; no major dilutive capital raise is expected.

Secondary Liquidity

active

Trustpilot stock is listed on LSE, providing active secondary market liquidity.

Questions to Ask at the Interview

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

  • 1

    How does Trustpilot plan to differentiate from Google's and Amazon's review ecosystems?

  • 2

    What is the revenue growth trajectory and key drivers for the next 2 years?

  • 3

    Given the public equity, how do you think about dilution from stock-based compensation over time?

Community

Valuation Sentiment

Our model estimates +44% 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.