--- title: "Gusto Valuation 2026: $9.3B Tender Offer and $1B Revenue" description: "Gusto's latest disclosed mark is $9.3B after a 2025 employee tender offer. In 2026, actual trailing revenue passed $1B, but Gusto remains private." date: 2026-08-26T00:00:00.000Z tags: ["2026-vc-news", "startup-funding", "venture-capital", "fintech", "private-markets"] source: https://venturecapitaltracker.com/gusto-valuation-tender-offer-revenue-2026 --- # Gusto Valuation 2026: $9.3B Tender Offer and $1B Revenue > Gusto's latest disclosed mark is $9.3B after a 2025 employee tender offer. In 2026, actual trailing revenue passed $1B, but Gusto remains private. **Last updated: August 30, 2026.** **Gusto's latest disclosed private-company mark is $9.3 billion**, based on the more than **$200 million employee tender offer** reported in June 2025. In May 2026, TechCrunch reported that Gusto had passed **$1 billion in actual trailing revenue** and had been cash-flow positive for several years. Those are different signals. The tender offer gives researchers a dated private valuation; the revenue update gives operating context. Neither creates a public stock ticker or a live market cap. ## Gusto valuation and financing timeline | Date | Event | Amount | Valuation / operating mark | What it tells us | | --------- | --------------------- | ---------: | -------------------------------- | ----------------------------------------------------------------------------------------------- | | Jun. 2025 | Employee tender offer | **$200M+** | **$9.3B** reported valuation | Private liquidity for eligible shareholders; not public trading | | Aug. 2021 | Series E | **$175M** | Primary venture financing | General Catalyst, Kleiner Perkins, and Ribbit Capital were named in the tracked company profile | | May 2026 | Operating update | — | **$1B+ actual trailing revenue** | Revenue earned, not simply a forward ARR estimate | The safest way to answer “what is Gusto worth?” is: **$9.3B is the latest disclosed transaction mark found in the sources reviewed**. It should not be presented as a continuously updated market cap. ## Why the tender offer matters A tender offer creates a limited liquidity window for existing shareholders. It is not the same as a new primary round in which the company issues shares and receives operating capital. It is also not an exchange listing: there is no open order book, no continuous public quote, and no guarantee that every shareholder can sell. For a private-company tracker, the transaction type belongs in the headline. “Gusto raised $200M” would be imprecise if the source is describing an employee tender offer. The more accurate phrasing is **“Gusto launched a $200M+ tender offer at a reported $9.3B valuation.”** ## What the $1B revenue milestone changes TechCrunch reported that Gusto's figure represented actual revenue from the prior twelve months, not merely annualized contract value. That makes the comparison with valuation more useful: - the latest disclosed private mark is **$9.3B**; - actual trailing revenue is **above $1B**; - the company has reported being cash-flow positive for several years; and - revenue growth accelerated in each of the five quarters discussed in the report. That is not a full public-company financial statement. Gusto remains private, so researchers should not infer GAAP margins, a public-market multiple, or a confirmed IPO plan from the headline alone. ## Who backed Gusto Gusto's tracked funding history includes **[General Catalyst](/fund/general-catalyst)**, **[Kleiner Perkins](/fund/kleiner-perkins)**, **[Ribbit Capital](/fund/ribbit-capital)**, and **[Andreessen Horowitz](/fund/andreessen-horowitz)**. Its 2021 Series E was a primary financing; the 2025 tender offer was a liquidity transaction led by Teachers' Venture Growth, part of Ontario Teachers' Pension Plan, according to Fortune. That investor mix is useful for founder research because it shows a company moving from classic venture financing toward late-stage private-market liquidity and operating scale. It does not mean every named investor participated in every round. ## Does Gusto have stock? No public-exchange ticker is identified for Gusto in the sources reviewed. Searchers who type “Gusto stock” may be looking for one of three things: 1. an employee or shareholder tender offer; 2. the last primary financing valuation; or 3. a future IPO possibility. The 2025 tender offer answers the first question. The latest reported mark answers the second. The third remains unannounced. Treating the $9.3B figure as a live market cap would mix private-company and public-market concepts. ## What founders and investors should watch **Founders:** Gusto shows why actual revenue quality and cash flow can matter more than an ARR headline when a mature private company evaluates the next financing or liquidity event. **Investors:** Separate primary capital, secondary liquidity, and operating performance. A tender offer can provide a useful mark without putting new cash on the company's balance sheet. **Researchers:** Follow the next priced round, another tender offer, an S-1 filing, or an official IPO announcement. Until then, $9.3B remains a dated private transaction mark, not a live quote. ## Bottom line Use **$9.3B** as Gusto's latest disclosed valuation mark found here, **$200M+** for the 2025 tender offer, and **$1B+** for the 2026 actual trailing-revenue milestone. Gusto is still private, so there is no public Gusto stock price to quote. Read the [Gusto company profile](/startup/gusto), compare the [Factorial financing](/2026-factorial-150m-series-d-workforce-ai), or browse the [venture capital directory](/directory). **By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy) **Last updated:** August 30, 2026 **Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.