Business overview
Lakehouse leader with MLflow, Mosaic AI, and a strong open-source data and model portfolio.
Most credible private alternative to Snowflake on data + AI; expected late-2026/early-2027 IPO candidate.
Products
- Lakehouse
- Mosaic AI
- Genie / DBRX
Customers (1)
- Enterprises globally
Competitors (2)
- Snowflake
- Hyperscaler data services
Composite score
Higher = stronger overall research case
Fundamental62
Technical50
Valuation60
AI relevance80
Risk-adjusted (higher = safer)73
Segment-relative fundamental percentile: 46
Financial summary
Curated, illustrative
Revenue
$3.50B
Growth (YoY)
55.0%
Gross margin
65.0%
Operating margin
-5.0%
FCF
$175.00M
Capex
$175.00M
Net cash / (debt)
$0.00
ROIC
-15.0%
Customer conc.
Medium
Valuation
Market cap
$62.00B
Enterprise value
$62.00B
P/E (TTM)
—
Forward P/E
—
EV / Sales
—
EV / EBITDA
—
P / FCF
—
PEG
—
Rule of 40
55.0%
Risks
Severity 1 (low) to 5 (severe)
- 2IPO timing
Score components
What drove the composite
Growth99
Profitability26
Cash generation37
Balance sheet78
Moat / AI relevance88
Capital intensity (higher = lighter)73
Customer diversification60
Valuation discipline (dilution)42
Trend (MA50/MA200)50
Momentum (3/6/12m)50
Relative strength50
Realized vol (higher = lower vol)50
Segment peers
Other companies in AI infra SW