Cursor (Anysphere)ISO/NSO
Cursor equity calculator: value your options at the $9B Series B valuation
Calculate the current value of your Cursor equity. With ~140 employees and $500M ARR, Cursor has one of the highest equity concentrations in tech. Free, no account required.
Cursor (Anysphere) — current market snapshot
Last primary round
$29.3B
Series D · 2025-11
Secondary market
—
No recent verified signal
Annual revenue (ARR)
$2.0B
+500% YoY
Equity type
ISO/NSO
Strike: $150–$190
Key things to know
- →Cursor last closed round: Series B at $9B with ~140 employees — extraordinary equity concentration.
- →Secondary market implies ~$12B — a 33% premium over the Series B round price.
- →Early engineers (2022–2023) received ISO grants at sub-$1 strike prices.
- →Acquisition by a major tech company or IPO are both plausible near-term paths.
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 Cursor (Anysphere) equity →Free · No account required · Takes 2 minutes
Liquidity outlook for Cursor (Anysphere)
IPO plausible 2027–2029 if growth trajectory holds. Liquidity may come via tender offer or strategic acquisition before listing.
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 Cursor (Anysphere) equity worth right now?↓
Cursor (Anysphere)'s Series D (2025) valued the company at $29B. 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 Cursor (Anysphere) go public or offer liquidity?↓
Cursor (Anysphere) is valued at $29.3B. 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 Cursor (Anysphere) strike price for employee options?↓
Strike prices at Cursor (Anysphere) vary by grant year and cohort. Recent grants typically carry strikes in the $0–$190 range per share. Your grant agreement shows your exact 409A strike. With Cursor (Anysphere) now implying ~$29B, 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 Cursor (Anysphere) ISOs and NSOs?↓
Cursor (Anysphere) 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 $29B implied valuation.