Perplexity valuation 2026: how much is Perplexity worth?
Perplexity is worth $20.8B as of September 2026 — its current valuation on the NPM Price (Nasdaq Private Market), 2% above its last round (Series E-6, $20.5B). That is Perplexity's latest private-market valuation; it has no public stock price.
Per-share → stock price · over time → valuation history.
What could Perplexity be worth by the end of 2026?
Prediction markets put Perplexity's even-odds 2026 valuation at $23B — 10% above today's $20.8B. The middle 50% of outcomes runs $16B–$32B.
Indicative: this market is coarsely priced, so we show the central estimate and its range rather than a precise per-level ladder.
Worth now → valuation · what it might IPO at → IPO odds.
When will Perplexity IPO?
Perplexity has not IPO'd and is not publicly traded — it's private, with no ticker. Prediction markets put even-odds of a confirmed IPO in early November 2028.
Prediction-market odds, not Perplexity guidance.
Current value → valuation · convert to per-share → stock price.
What is Perplexity's stock price?
Perplexity is private, so it has no public stock price. Its secondary share price is $70/share (pre-IPO, as of 14 Sep 2026), and $71/share at the $20.8B NPM valuation mark (as of 17 Sep 2026).
Divides each valuation by ~0.30B estimated diluted shares (Perplexity is private; the exact count isn't disclosed). An IPO issues new shares, diluting existing holdings. An estimate, not advice or an appraisal.
Valuation over time → valuation history.
Perplexity valuation history: how has it changed?
Perplexity's valuation has gone from $20B (Sep 2025) to $21B (Sep 2026) — +2% in 12 months. The sharpest step came at the Series E-6 round in Sep 2025.
| Date | NPM valuation |
|---|---|
| Sep 2025 | $20B |
| Dec 2025 | $19B |
| Mar 2026 | $18B |
| Jun 2026 | $19B |
| Sep 2026 | $21B |
Current value → valuation · per-share → stock price.
Who owns Perplexity?
Perplexity is privately owned by its founders and employees plus its investors — led by Accel, which led its Series E-6 round — and by 5 regulated mutual funds that independently mark its shares at $69.54 in SEC filings. Its funding is entirely private capital: $2.3B across 10 funding rounds, and it is not publicly traded.
Round lead Accel
Fund holders T. Rowe Price
Why $69.54, below the ~$70 secondary price? Funds carry earlier-series preferred near its issue price, not the current common stock that trades on secondaries — a more conservative, independent mark.
Show the underlying fund filings (5 funds · 6 marks)
| Fund (filer) | Series held | Period | Per share |
|---|---|---|---|
| T. Rowe Price All-cap Opportunities Fund, Inc. | E-1 | 2026-12-31 | $69.54 |
| T. Rowe Price Global Technology Fund, Inc. | D-1 / E-1 | 2026-12-31 | $69.54 |
| T. Rowe Price Science & Technology Fund, Inc. | D-1 | 2026-12-31 | $69.54 |
| T. Rowe Price Equity Series, Inc. | E-1 | 2026-12-31 | $69.54 |
| T. Rowe Price Global Allocation Fund, Inc. | E-1 | 2026-10-31 | $69.54 |
Mark vs live valuation → valuation · per-share → stock price.
Can you buy Perplexity stock?
No — you can't buy Perplexity stock on a normal brokerage: it's private, with no ticker. How to invest in Perplexity directly is limited to accredited investors, via restricted pre-IPO secondaries ($70/share). The one route open to anyone — no broker, no accreditation — is a prediction market on Perplexity's valuation.
Bet YES on “Perplexity ≥ $25B by Dec 31, 2026” at 45¢ and make ≈ +125% if it hits (full odds ladder →).
A prediction-market bet is binary, not equity: a fixed $1 if it hits the strike by the date, $0 if not. Availability varies by region.
Latest on Perplexity
What recently moved the valuation and IPO odds, plus headlines — newest first.
- 20 Sep 2026 Odds of reaching $20B by year-end at 51%. +57 pts in a month Polymarket
- 17 Sep 2026 Perplexity's valuation marked at $20.8B. +22% over ~30 days · NPM Price (Nasdaq Private Market) NPM
- 26 Sep 2025 Series E-6 closes — $0.5B raised, led by Accel. post-money $20.5B Yahoo Finance / Forge
- 4 Sep 2026
- 3 Sep 2026 Maybe we were wrong about Perplexity Fast Company
- 2 Sep 2026
- 30 Aug 2026 Nvidia in Talks to Invest in Perplexity AI at $30 Billion Valuation finance.biggo.com
- 27 Aug 2026
Common questions about Perplexity stock
Can you buy Perplexity stock, or is it on Robinhood?
How much is Perplexity worth?
Who owns Perplexity?
Does Perplexity pay a dividend?
Sources & method
Every figure is sourced below, each with its own timestamp. See the methodology for how each is computed.
An estimate, not an appraisal or investment advice. Perplexity is private; its shares are unregistered and secondary transfers may be restricted. Figures aggregate public filings and licensed third-party data, attributed above. Moonberg doesn't broker, sell, or hold any security.