Perplexity valuation 2026: how much is Perplexity worth?
Perplexity is worth $17.9B as of September 2026 — its current valuation on the NPM Price (Nasdaq Private Market), 13% below 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 $17B (indicative) — 8% below today's $17.9B. The middle 50% of outcomes runs $15B–$24B.
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 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 $70/share (pre-IPO, as of 4 Sep 2026), and $61/share at the $17.9B NPM valuation mark (as of 3 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 $21B (Sep 2025) to $18B (Sep 2026) — -14% in 12 months. The sharpest step came at the Series E-6 round in Sep 2025.
| Date | NPM valuation |
|---|---|
| Sep 2025 | $21B |
| Dec 2025 | $19B |
| Mar 2026 | $18B |
| Jun 2026 | $19B |
| Sep 2026 | $18B |
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 ≥ $22B by Dec 31, 2026” at 36¢ and make ≈ +178% 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.
- 7 Sep 2026 Odds of reaching $15B by year-end at 79%. +14 pts in a month Polymarket
- 3 Sep 2026 Perplexity's valuation marked at $17.9B. +3% 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
- 3 Sep 2026 Maybe we were wrong about Perplexity Fast Company
- 2 Sep 2026
- 2 Sep 2026
- 30 Aug 2026 Nvidia in Talks to Invest in Perplexity AI at $30 Billion Valuation finance.biggo.com
- 28 Aug 2026 Perplexity AI Valuation Hits $30B: Nvidia’s Bet on the Future of AI Search Intelligent Living
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.