+105%

est. 2Y upside i

HealthcareSeries C

Ultrahuman is the world's most comprehensive self-quantification platform. Their products include the Ultrahuman Ring AIR–the world’s lightest sleep-tracking wearable; Ultrahuman M1–a continuous glucose monitoring platform; Ultrahuman Home–a home health device that monitors environmental markers that affect your health every day; and Blood Vision–a preventive blood testing platform.

Rank

#408

Sector

Health Technology, Wearable Technology

Est. Liquidity

~3Y

Data Quality

Data: Medium

The stock offers significant upside in base and bull cases, but bear risk is severe due to legal disputes and preference stack.

Last updated: July 21, 2026

Bull (25%)+200%

With potential IPO or category leadership, multiple expands to 6x on $135M revenue, yielding $810M exit, but capped at +200% due to stage constraints.

Base (30%)+332%

Multiple converges to 4x on $135M revenue, yielding $540M exit, representing 332% upside, but confidence tempered by competitive risks.

Bear (45%)-100%

Multiple compresses to 0.5x on $135M revenue due to legal/competitive headwinds, but preference stack of $119M ensures common stock receives nothing, resulting in -100% return.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

18640%

Total preferred liquidation preference of $119.3M on a $125M valuation, leaving only $5.7M for common in a liquidation scenario.

Dilution Risk

low

Company is profitable and just raised $48M; unlikely to need additional funding in 2 years.

Secondary Liquidity

none

No secondary market activity reported; liquidity events likely 2-3 years away.

Questions to Ask at the Interview

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

  • 1

    “How does Ultrahuman plan to resolve the US import ban and compete with Oura?”

  • 2

    “What is the path to achieving $500M revenue and EBITDA margins?”

  • 3

    “Given the high preference stack, how does management align with common shareholders?”

Community

Valuation Sentiment

Our model estimates +105% 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.