Perplexity valuation 2026: how much is Perplexity worth?
Perplexity is worth $22.5B as of November 2026 — its current valuation on the NPM Price (Nasdaq Private Market), 25% below its last round (Series F-2, $30B). 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 $25B — 11% above today's $22.5B. The middle 50% of outcomes runs $17B–$29B.
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 mid October 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 $107/share (pre-IPO, as of 5 Nov 2026), and $80/share at the $22.5B NPM valuation mark (as of 4 Nov 2026).
Divides each valuation by ~0.28B 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 (Nov 2025) to $22B (Nov 2026) — +12% in 12 months. The sharpest step came at the Series F-2 round in Nov 2026.
| Date | NPM valuation |
|---|---|
| Nov 2025 | $20B |
| Feb 2026 | $19B |
| May 2026 | $18B |
| Jul 2026 | $17B |
| Nov 2026 | $22B |
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 F-2 round — and by 5 regulated mutual funds that independently mark its shares at $69.54 in SEC filings. Its funding is entirely private capital: $8B across 11 funding rounds, and it is not publicly traded.
Round lead Accel
Fund holders T. Rowe Price
Why $69.54, below the ~$107 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 ($107/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 49¢ and make ≈ +104% 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.
- 6 Nov 2026 Odds of reaching $20B by year-end at 67%. +58 pts in a month Polymarket
- 4 Nov 2026 Perplexity's valuation marked at $22.5B. +6% over ~30 days · NPM Price (Nasdaq Private Market) NPM
- 2 Nov 2026 Series F-2 closes — $3.0B raised, led by Accel. post-money $30.0B Yahoo Finance / Forge
- 22 Oct 2026
- 3 Sep 2026 Maybe we were wrong about Perplexity Fast Company
- 2 Sep 2026
- 27 Aug 2026
- 25 Aug 2026 Nvidia in talks to invest in Perplexity at over $30 billion valuation The American Bazaar
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.