Databricks' most recent official valuation stands at $134 billion following its February 2026 Series L round, which included roughly $5 billion in equity and $2 billion in new debt capacity alongside a $5.4 billion annualized revenue run rate growing over 65% year-over-year. Trader focus centers on reports from the past week indicating the company is exploring fresh financing that could value it at $165–175 billion ahead of a potential 2027 IPO, though no new round has closed. With the June 30 resolution date only days away, any near-term shift would require an announced secondary transaction or official update that resets the mark before month-end, amid ongoing strength in AI and data platform demand.