-1%

est. 2Y upside i

AerospaceSeries B

Rank

#2325

Sector

Aerospace and Defense

Est. Liquidity

~5Y

Data Quality

Data: Low

TurbineOne has strong defensibility and a major contract win, but the $300M valuation implies a high multiple on unknown revenue.

Last updated: July 19, 2026

Bull (20%)+21%

Exit multiple holds at ~25x due to IPO window or category leadership. Projected revenue $16.9M yields exit value $423M, but after 20% dilution and $57.2M preference, common upside ~20.6%.

Base (55%)-64%

Multiple converges to ~10x, in line with public defense AI peers. Exit value $169M, after dilution and preference, common stock loses ~63.8%.

Bear (25%)-92%

Multiple compresses to 5x on slower growth or competition. Exit value $84M, still above $57.2M preference but common stock suffers ~91.9% loss after dilution.

Est. time to liquidity~5.0 years

Preference Stack Risk

moderate

Funding Intensity

19%

Total funding $57.2M vs valuation $300M (19%), moderate preference overhang that could reduce common proceeds in a down exit.

Dilution Risk

moderate

With $57.2M raised and likely 2-3 years runway, another round may be needed within 2 years, diluting existing holders by ~20%.

Secondary Liquidity

none

No secondary market activity; shares are illiquid until a liquidity event.

View all 4 open roles at TurbineOne →

Last updated: February 22, 2026

Questions to Ask at the Interview

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

  • 1

    “How will TurbineOne grow revenue beyond the $99M IDIQ contract to justify the current valuation?”

  • 2

    “What is the company's plan for achieving profitability or reducing dependency on fundraising?”

  • 3

    “Can you describe the expected timeline to liquidity (acquisition or IPO) and how employee equity is structured?”

Community

Valuation Sentiment

Our model estimates -1% 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.