Trustpilot LON: TRST

+12%

est. 2Y upside i

Rank

#1767

Sector

Software - Application

Est. Liquidity

~1Y

Data Quality

Data: High

Trustpilot offers a moderate equity upside of ~12% over 2 years with low dilution risk due to profitability.

Last updated: July 19, 2026

Bull (25%)+57%

Multiple expands to 5x driven by AI leadership and Shopify partnership, projecting $1.635B exit value from $326.9M revenue.

Base (55%)+10%

Multiple compresses to 3.5x aligning with comp range, exit value $1.144B.

Bear (20%)-37%

Multiple falls to 2x due to competition and fake review scrutiny, exit value $653.8M.

Est. time to liquidity~1.0 years

Preference Stack Risk

moderate

Funding Intensity

17%

Total preference of $180M is 17.3% of current valuation, so moderate overhang.

Dilution Risk

low

Company is profitable and publicly traded, no imminent capital raise.

Secondary Liquidity

active

Publicly traded on LSE, shares are liquid.

Other — 3 roles

Last updated: May 18, 2026

Questions to Ask at the Interview

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

1
“How does Trustpilot differentiate from Google's free review service and maintain its network effect?”
2
“What is the revenue growth outlook and how does the company plan to monetize AI reviews?”
3
“With the stock trading at 4x revenue, what catalysts could expand the multiple?”

Our model estimates +12% upside. What do you think?

Anonymous. Do not share material non-public information.

Comments are reviewed before they appear publicly.

Loading comments...

Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.