dbt Labs equity calculator: value your options at the latest valuation

Calculate the current value of your dbt Labs equity using secondary market data and four independent valuation methods. Free, no account required.

dbt Labs — current market snapshot

Last primary round

$4.2B

Series D · 2022-02

Secondary market

—

No recent verified signal

Annual revenue (ARR)

$0.1B

+50% YoY

Equity type

ISO/NSO

Strike: $14–$26

Key things to know

→dbt Labs is the creator of dbt, the standard transformation framework in the modern data stack.
→Secondary market implied valuation tracks the latest closed round.
→IPO or acquisition possible as data infrastructure M&A activity increases.
→Typical strike price range varies by grant year.

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 dbt Labs equity →

Free · No account required · Takes 2 minutes

Liquidity outlook for dbt Labs

IPO possible 2027–2029 once ARR milestones are hit. Strategic M&A also plausible in consolidating sector.

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 dbt Labs equity worth right now?↓

dbt Labs's Merger w/ Fivetran (2025) valued the company at $10B. 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. Note: dbt Labs has since exited the private market — refer to the exit terms for current value.

When will dbt Labs go public or offer liquidity?↓

dbt Labs merged with Fivetran in an all-stock deal completed June 1, 2026 (announced October 13, 2025). The combined ent. Employees with vested equity should refer to the exit terms for current liquidation details.

What is the dbt Labs strike price for employee options?↓

Strike prices at dbt Labs vary by grant year and cohort. Recent grants typically carry strikes in the $0–$26 range per share. Your grant agreement shows your exact 409A strike. With dbt Labs now implying ~$10B, 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 dbt Labs ISOs and NSOs?↓

dbt Labs 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 $10B implied valuation.