MotherDuck
ConvictionContext
Consumption-based B2B SaaS on a freemium base; free tier for individuals, paid plans plus usage-based compute credits ('Ducklings'). Built on and gives back to open-source DuckDB (open-core-adjacent).
Revenue
not disclosedearly-stage; low tens of $M ARR range is analyst speculation, not company-confirmedRev growth
not disclosedGross margin
not disclosedSaaS software model; likely healthy but unconfirmedOp margin
not disclosedassume deeply negative — venture-funded growth stageCapex intensity
Low — asset-lightcompute runs on rented cloud (AWS) rather than owned datacentersValuation
~$400Mlast confirmed valuation, Series B post-money, Sep 2023; May-2025 Series B+ $33M valuation not disclosedValuation trail
$400M2.3× since Nov 2022
3 marks · Nov 2022–May 2025
private — no public price
Priced round
Nov-2022 and Sep-2023 valuations are confirmed post-money figures. The May-2025 Series B+ valuation was not disclosed; the point is held flat at the last confirmed $400M as a floor, not a reported mark — the modest $33M size implies a flat-to-modestly-up round, not a breakout markup.
Members only
Full financial intelligence for MotherDuck
Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not financial advice — analyst work product for a qualified professional.