Glean’s secondary-market valuation, recently implied at $6.0–6.3 billion as of late October 2026, trades at a discount to its $7.2 billion Series F primary round completed in June 2025. Trader sentiment reflects the company’s rapid revenue expansion to $300 million ARR by May 2026 alongside tempered private-market pricing for AI software firms, evidenced by a 36% year-over-year drop in Forge share prices. With CEO Arvind Jain stating no immediate plans for additional capital raises or an IPO, near-term valuation movement hinges on sustained ARR growth, enterprise adoption metrics, and broader risk appetite in the sector ahead of the December 31 resolution.