+125%

est. 2Y upside i

Series D+

Rank

#220

Sector

Human Capital Services

Est. Liquidity

~2Y

Data Quality

Data: Low

The equity opportunity is highly risky with a probability-weighted 125% upside over 2 years, but the bear case (-100%) is likely.

Last updated: July 19, 2026

Bull (10%)+200%

If Workrise achieves category leadership or IPO window opens, revenue multiple could expand to 1.5x, implying exit value ~$3.4B, but cap at +200% due to late-stage constraints.

Base (50%)+290%

Revenue grows to ~$2.27B by 2028, multiple converges to comp average ~1.0x, yielding exit value ~$2.27B. After 20% dilution, upside ~290%.

Bear (40%)-100%

Exit value ($681M at 0.3x revenue) falls below $777M total funding, wiping out common equity due to 1x liquidation preference.

Est. time to liquidity~2.0 years

Preference Stack Risk

severe

Funding Intensity

14030%

Total funding of $777M exceeds entry valuation of $553.5M, meaning in a liquidation, common shareholders would receive nothing.

Dilution Risk

high

With only $300M raised in 2021 and likely cash burn, a dilutive down round within 2 years is probable.

Secondary Liquidity

none

The secondary market is likely illiquid given the distressed valuation and limited trading.

View all 3 open roles at Workrise →

Last updated: February 22, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Workrise plan to achieve profitability given the cyclical nature of energy?”

  • 2

    “What is the company's strategy to differentiate from traditional staffing agencies?”

  • 3

    “Given the secondary market discount, what is the board's plan for liquidity and future fundraising?”

Community

Valuation Sentiment

Our model estimates +125% 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.