ATLAS
AI infrastructure software·US·Mountain View, CA·#10 / 19 in segment·0.1% of segment mcap
$55.28
-66.2% vs S&P 12m

Search platform with strong RAG/vector capabilities for AI applications; security analytics franchise is a parallel growth driver.

Search + vector + observability stack is well positioned for enterprise RAG; growth has been choppy.

Products
Customers (2)
  • Enterprises
  • Developers
Competitors (3)
  • Splunk
  • OpenSearch
  • Algolia

Composite score

Higher = stronger overall research case

59
Fundamental64
Technical28
Valuation79
AI relevance60
Risk-adjusted (higher = safer)57
Segment-relative fundamental percentile: 62

Synthetic 1Y price action

Deterministic price series; 50d (yellow) and 200d (orange) MAs shown

3M RS: -19.2%6M RS: -48.1%12M RS: -66.2%Vol30d: 55%DD52w: -41.5%

Financial summary

Curated, illustrative

Revenue
$1.68B
Growth (YoY)
17.7%
Gross margin
76.1%
Operating margin
0.2%
FCF
$387.17M
Capex
$0.00
Net cash / (debt)
$656.37M
ROIC
-0.7%
Customer conc.
Medium

Valuation

Market cap
$5.72B
Enterprise value
$5.07B
P/E (TTM)
110.0x
Forward P/E
19.4x
EV / Sales
3.0x
EV / EBITDA
45.0x
P / FCF
14.8x
PEG
1.4x
Rule of 40
33.0%

Risks

Severity 1 (low) to 5 (severe)

  • 3
    AWS OpenSearch competition

Score components

What drove the composite

Growth65
Profitability30
Cash generation80
Balance sheet88
Moat / AI relevance62
Capital intensity (higher = lighter)83
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)29
Momentum (3/6/12m)32
Relative strength17
Realized vol (higher = lower vol)36