Anduril IndustriesISO/NSO
Anduril Industries equity calculator: value your ISO/NSO at the $61B Series H
Calculate the current value of your Anduril Industries equity using secondary market data and four independent valuation methods. Based on the Series H at $61B. Free, no account required.
Anduril Industries — current market snapshot
Last primary round
$61B
Series H · 2026-05
Secondary market
$62.1B
+2% vs primary · Hiive · 2026-06
Annual revenue (ARR)
$2.2B
+100% YoY
Equity type
ISO/NSO
Strike: $110–$145
Key things to know
- →Anduril last closed round: Series H at $61B (2024).
- →Secondary market implied valuation: $61B. Secondary market is in line with the last primary round.
- →Typical strike price range: $110–$145 depending on grant year.
- →IPO possible 2026–2028 as scale builds. No confirmed timeline; tender offers may provide interim liquidity.
Open the calculator
Enter your actual shares, equity type, and strike price. PrivatePulse uses secondary market data and four independent valuation methods to give you a defensible range.
Calculate my Anduril Industries equity →Free · No account required · Takes 2 minutes
Liquidity outlook for Anduril Industries
IPO possible 2026–2028 as scale builds. No confirmed timeline; tender offers may provide interim liquidity.
As an option holder, you'll need to exercise your ISO/NSO to own shares. Strike price, exercise cost, and tax treatment (ISO vs NSO) all matter. Model carefully with a CPA.
Frequently asked questions
What is my Anduril Industries equity worth right now?↓
Anduril Industries's Series H (2026) valued the company at $61B. Secondary market data (Hiive, Forge, Caplight) gives a live read on implied valuation — PrivatePulse tracks this and updates every week. Gross value per option = (secondary share price − your strike price). Multiply by your vested count, then subtract taxes. The PrivatePulse calculator handles all of this automatically.
When will Anduril Industries go public or offer liquidity?↓
Anduril Industries is valued at $61.0B. An IPO is possible in the 2028–2030 timeframe, but the company is still in growth mode and has not indicated a public offering timeline. Secondary market platforms like Hiive and Forge may offer limited liquidity for accredited investors.
What is the Anduril Industries strike price for employee options?↓
Strike prices at Anduril Industries vary by grant year and cohort. Recent grants typically carry strikes in the $18–$145 range per share. Your grant agreement shows your exact 409A strike. With Anduril Industries now implying ~$61B, the intrinsic value per option is (current secondary price per share − your strike); enter your numbers in the PrivatePulse calculator to see the full picture including AMT and vesting schedule.
What's the difference between Anduril Industries ISOs and NSOs?↓
Anduril Industries typically grants a mix of Incentive Stock Options (ISOs) and Non-Qualified Stock Options (NSOs). ISOs: exercised spread is not taxed as income — instead it creates an AMT preference item. Long-term capital gains treatment is available if you hold shares 2 years from grant and 1 year from exercise. NSOs: exercised spread is ordinary income immediately — simpler but less tax-efficient. Both types require payment of the strike price to exercise. Use the PrivatePulse calculator to model the after-tax outcome under ISO vs NSO treatment at the current $61B implied valuation.