Revolut vs Epic Games: employee equity compared
Secondary market prices, valuation trajectory, equity structure, and liquidity outlook for employees choosing between Revolut and Epic Games.
Revolut
UK-headquartered neobank with 50M+ customers across 38 countries.
IPO possible 2026–2028 as scale builds. Secondary indication near primary round valuation. No confirmed timeline; tender offers may provide interim liquidity.
Recurring revenue model; ISO/NSO options; IPO likely once profitability demonstrated
Epic Games
Creator of Fortnite (350M+ registered players) and Unreal Engine (the dominant real-time 3D platform used in films, architecture, and automotive visualisation).
IPO possible 2026–2028 as scale builds. No confirmed timeline; tender offers may provide interim liquidity.
Consumer brand with network effects; ISO/NSO options; IPO when unit economics proven
Key differences for employees
Equity structure
Revolut grants ISO/NSO with strike prices ranging from $70–$110 depending on your grant year. Epic Games grants ISO/NSO with strike prices from $60–$85.
Secondary market premium
The secondary market is pricing Revolut at a +12% premium over its last primary round ($45B → $50.4B). Epic Games trades at +3% over its last round ($31.5B → $32.4B). A higher secondary premium signals stronger investor demand and potentially better near-term liquidity for employees looking to sell.
Revenue and growth
Revolut runs at $3.1B ARR, growing +72% YoY (fast). Epic Games runs at $5.5B ARR, growing +8% YoY. Revenue growth rate matters for equity because it drives the peer-multiple valuation — the method most correlated with exit multiples.
Liquidity timeline
Revolut: IPO possible 2026–2028 as scale builds. Secondary indication near primary round valuation. No confirmed timeline; tender offers may provide interim liquidity.
Epic Games: IPO possible 2026–2028 as scale builds. No confirmed timeline; tender offers may provide interim liquidity.
Calculate your specific grant
Enter your actual shares, equity type, and strike price. PrivatePulse calculates your personal equity value at both companies using 4 independent methods.