Mercury Stock Price, Valuation & IPO
Private company — Mercury is privately held. Its shares are not listed on any public exchange and can only be accessed through private secondary transactions.
Status source: AXEVIL investment team
$16.64 per share (AXEVIL consensus estimate)
Source: AXEVIL consensus of recent secondary transactions · as of 27 October 2026
Last round valuation: $5.1B
Source: D, May 2026, post-money
Total raised: over $580M
Data last updated: 27 October 2026
About Mercury
Digital banking for startups and small businesses: accounts, cards, payments, and finance management in one service. 200K+ business customers. Reached sustainable profitability. Co-founder Immad Akhund.
Mercury is a company's bank account and its entire financial operation in one service: payments, cards, payroll, and treasury. The legal entity is Mercury Technologies, Inc., founded in 2017 in San Francisco, aimed at startups and small businesses. The company has posted GAAP net income for four consecutive years — something neither Brex nor Ramp can claim. Applications were filed with the OCC and FDIC in December 2025, and in April 2026 it received conditional approval to establish its own bank, Mercury Bank, N.A. In 2025, 73% of new customers came from industries outside technology. Current valuation is $5.2B from a Series D (May 2026), against $3.5B in March 2025; more than $580M raised in total.
- Sector: Fintech
- Headquarters: San Francisco, CA
- Founded: 2017
Key highlights
- Its own banking license is nearly in hand. In December 2025 Mercury filed applications with the OCC and FDIC, and in April 2026 it received conditional approval to establish Mercury Bank, N.A.
- Profitability in an industry that has almost none. Four consecutive years of GAAP net income — something neither Brex, nor Ramp, nor most comparable companies can claim.
- The valuation rose 49% in 14 months in a growing market. Between the Series C in March 2025 and the Series D in May 2026 the valuation went from $3.5B to $5.2B, and for the first time the lead was TCV — a fund specializing in late-stage companies ahead of an offering.
- The customer base has stopped being purely technological. In 2025, 73% of new customers came from industries outside technology and artificial intelligence, with e-commerce accounting for 21% of the inflow.
Funding rounds
| Date | Round | Price / share | Post-money valuation |
|---|---|---|---|
| 8 May 2026 | D | $17.72 | $5.1B |
| 25 March 2025 | C | $12.93 | $3.5B |
| 3 July 2021 | B | $7.68 | $1.6B |
| 30 September 2020 | B2 | $3.84 | $704M |
| 25 September 2019 | A1 | $0.60 | $100M |
| 4 October 2017 | Seed | $0.18 | $14M |
Frequently asked questions
How can I buy Mercury stock before the IPO?
Not on a public exchange — Mercury is privately held. Shares change hands only in private secondary transactions. AXEVIL structures those as dedicated US special purpose vehicles for accredited investors, subject to availability and to the rules of your jurisdiction.
What is the Mercury stock price?
A private company has no single official share price. AXEVIL's consensus estimate is $16.64 per share as of 27 October 2026. Its most recent round implied a post-money valuation of $5.1B (May 2026).
What is Mercury's valuation (net worth)?
Mercury's most recent funding round valued the company at $5.1B post-money (May 2026) — the latest primary-market measure of what the company is worth. Secondary trades can price its shares above or below that round.
When will Mercury IPO?
No listing has been announced. AXEVIL does not forecast IPO dates — this page states what has actually been filed or reported, with the date it was last checked.
Is Mercury publicly traded?
No. Mercury is a private company and its shares are not listed on any public exchange.
Does Mercury have a stock symbol?
No. Mercury has no ticker symbol because its shares are not listed on any exchange; a symbol is assigned only at an IPO or direct listing.
Similar companies
- Petal Card — Fintech
- Kraken — Fintech
- Pipe — Fintech
- Apptronik — Robotics
- Abnormal AI — Cybersecurity
- Cohesity — Enterprise Software
Risk disclosure
Nothing on this page is an offer to sell or a solicitation to buy any security, and it is not investment advice. Valuations and share prices shown here are AXEVIL estimates built from primary sources — filings, announced rounds and completed secondary transactions — not quoted market prices, and they can be revised. Private-company shares are illiquid, may be impossible to sell, and the entire amount invested can be lost. Availability depends on your jurisdiction and on accredited-investor status.