Business overview
Cloud security platform; reportedly the fastest-ever to $1B ARR.
Most likely security IPO of 2026; CNAPP category leadership and broad cloud coverage.
Composite score
Higher = stronger overall research case
Fundamental64
Technical50
Valuation60
AI relevance60
Risk-adjusted (higher = safer)57
Segment-relative fundamental percentile: 33
Financial summary
Curated, illustrative
Revenue
$1.00B
Growth (YoY)
100.0%
Gross margin
75.0%
Operating margin
10.0%
FCF
$100.00M
Capex
$20.00M
Net cash / (debt)
$0.00
ROIC
0.0%
Customer conc.
Medium
Valuation
Market cap
$16.00B
Enterprise value
$16.00B
P/E (TTM)
—
Forward P/E
—
EV / Sales
—
EV / EBITDA
—
P / FCF
—
PEG
—
Rule of 40
—
Risks
Severity 1 (low) to 5 (severe)
- 3Premium private valuation
Score components
What drove the composite
Growth100
Profitability43
Cash generation47
Balance sheet78
Moat / AI relevance62
Capital intensity (higher = lighter)80
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 Security