+86%

est. 2Y upside i

Series D+

OKR and strategy execution management platform for enterprises

Rank

#738

Sector

Enterprise Software

Est. Liquidity

~3Y

Data Quality

Data: Medium

WorkBoard offers ~86% expected upside over 2 years, driven by AI product launches and a large TAM.

Last updated: July 3, 2026

Bull (10%)+80%

AI-native SPM launch drives category leadership; exit multiple expands to 4x on ~$202M revenue. Bull upside capped at +100% pre-dilution per stage constraint, net of 20pp dilution.

Base (45%)+273%

Steady execution converges exit multiple to 2x on ~$202M revenue, yielding ~293% pre-dilution return. Net of 20pp dilution, upside ~273%.

Bear (45%)-100%

Exit multiple compresses to 0.7x on ~$202M revenue, implying $140M exit value below $157.5M liquidation preference. Common stock recovers zero, i.e. -100% return.

Est. time to liquidity~3.0 years
Adjusted for competitive dynamics: 81% (raw: 86%, adjustment: -5%)

Preference Stack Risk

severe

Funding Intensity

155%

Total preferred liquidation preference of $157.48M exceeds current valuation of $101.9M, meaning common stock is underwater for any exit below ~$157.5M.

Dilution Risk

high

With only $9M raised recently and negative operating trends, a dilutive down-round is likely within 24 months, reducing ownership by ~20%.

Secondary Liquidity

none

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

Other — 10 roles

View all 10 open roles at WorkBoard →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does WorkBoard's AI agent differentiate from native OKR functionality in Microsoft or Workday?”

  • 2

    “What is the current cash burn rate and expected path to profitability?”

  • 3

    “What is the current 409A valuation and how did it trend over the last two rounds?”

Community

Valuation Sentiment

Our model estimates +86% 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.