Published on: 2026-03-19
Databricks is one of the most anticipated technology IPO candidates. Still, the first point investors need to understand is that there is no confirmed Databricks IPO date as of March 19, 2026.
The company has said it will eventually go public, and CEO Ali Ghodsi said in 2025 that it is "not a question of if but when." More recently, he also indicated he would not rule out going public in 2026. Even so, there is still no public S-1 registration statement on EDGAR, which means the listing timetable remains unconfirmed.
However, what is official is the company's scale. Databricks said on February 9, 2026, that it had crossed a $5.4 billion revenue run-rate, was growing more than 65% year over year, and was completing more than $7 billion of investments, including about $5 billion of equity at a $134 billion valuation and roughly $2 billion of added debt capacity.
The financing kept Databricks' options open for a U.S. stock market debut later this year, but that still falls short of a confirmed IPO filing or launch.
Not yet, at least publicly. Databricks has not set an official IPO date. On the SEC side, Databricks' EDGAR entity page shows no 10-K, 10-Q, 8-K, proxy, or public registration filings associated with a public listing. The visible filings are Form D exempt-offering notices related to private fundraising, not an IPO prospectus.
That does not mean a Databricks IPO is off the table. However, investors should distinguish between their expectations for an IPO and the actual confirmation of the IPO. Databricks has clearly been preparing for that path for some time, and management has repeatedly spoken about becoming a public company eventually.
As of today, no public filing allows investors to pinpoint a specific listing window for 2026.
| Date | What happened | Valuation / scale signal |
|---|---|---|
| August 2025 | Databricks signed terms for a Series K round | More than $100B valuation |
| December 2025 | Databricks announced Series L financing | $134B valuation |
| February 2026 | Databricks completed more than $7B of investments | $134B valuation reaffirmed |
| February 2026 | Company business update | $5.4B revenue run-rate, more than 65% YoY growth |
The latest official valuation is $134 billion.
In December 2025, Databricks announced it was raising over $4 billion in a Series L round, achieving a valuation of $134 billion. In February 2026, it was reported that the company's total investment package had exceeded $7 billion, which included approximately $5 billion in equity financing at the same $134 billion valuation.
That valuation is large even by late-stage AI standards, but Databricks has real operating momentum behind it. The company announced in February that it achieved positive free cash flow over the past 12 months, with net retention exceeding 140%. It counts more than 800 customers generating over $1 million annually, and over 70 customers surpassing $10 million annually.
Databricks sits at the center of two themes public investors still care deeply about: enterprise data infrastructure and AI monetization. The company's update for February revealed rapid overall growth, highlighting a fast-expanding AI sector, rising customer counts, and ongoing product investments in areas such as Lakebase and Genie.
That combination is exactly why many investors see it as one of the few late-stage private companies large enough to test public appetite for enterprise AI at scale.
The speed of its valuation climb also explains the attention. Databricks announced a $62 billion valuation in December 2024, moved to more than $100 billion in its Series K financing in 2025, and then reached $134 billion in its Series L round by December 2025.
In other words, the company has not just stayed private longer. It has significantly increased in size during this process.
For most investors, there are only a few realistic routes.
This is the most direct and most realistic path for ordinary investors. Once Databricks files publicly and prices an offering, investors will be able to buy shares on the open market after trading begins.
This route bypasses the difficulties and constraints of private-market access, but it also means accepting whatever valuation public investors set on the initial day.
Some brokers give eligible clients access to IPO allocations. If Databricks eventually prices an offering, this could be a route for investors who want exposure at the offering price rather than only after the stock starts trading.
The practical limitation is that hot IPOs often come with limited allocations, and many investors receive little or none of what they request.
Before an IPO, Databricks shares can sometimes be bought privately from existing holders such as employees or early investors. This route is typically available only to accredited investors, institutional buyers, or specialized participants in the secondary market.
Availability is often limited, prices can change rapidly, and there may be legal restrictions on transfers.
Databrick's recent financing rounds included participation from large institutions and some public-market names. In its December 2025 and February 2026 announcements, Databricks listed participants including Microsoft, BlackRock, Blackstone, JPMorgan-related entities, Morgan Stanley, UBS, and Goldman Sachs ' alternative businesses.
That said, any exposure through those stocks is highly diluted and should not be viewed as a pure Databricks investment thesis.
The next milestone is not a rumor or another funding headline. It is a filing.
Investors should watch for four things:
A public S-1
Disclosure of the planned exchange and ticker,
Named underwriters
A comprehensive prospectus that includes the company's audited financial statements, risk factors, and details on how the proceeds will be used.
Until then, most of the IPO conversation remains expectation rather than formal offering data.
No. As of March 19, 2026, Databricks is still a private company, and there is no public S-1 filing available on EDGAR.
No. There is no confirmed public IPO date yet.
The latest official valuation disclosed by the company is $134 billion.
In conclusion, Databricks appears to have the scale necessary for an IPO. Still, it has not yet completed the required paperwork to confirm its readiness for the IPO process.
The company has a valuation of $134 billion, experiencing rapid growth, positive free cash flow, and a strong balance sheet, which allows it to be selective about timing.
Those are all real positives. What is still missing is the public filing that would turn a market expectation into an actual offering calendar.
Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
