Databricks CEO Ali Ghodsi wants you to know two things: his company is absolutely going public, and it’s absolutely not happening this year. The distinction matters when you’re sitting on a $134 billion valuation and watching a flood of tech companies elbow each other for investor attention.
Ghodsi made the announcement on June 4, calling 2026 a “terrible year to go public” due to an oversaturated IPO market. The company, which builds data and AI infrastructure for enterprises, has been teasing a public listing for months.
A company that doesn’t need the money
Here’s the thing about Databricks: it doesn’t actually need to go public for cash. The company closed a massive Series L funding round exceeding $4 billion on December 16, 2025, which pushed its valuation to $134 billion.
Databricks reported a revenue run-rate of $4.8 billion as of late 2025, with year-over-year growth exceeding 55%. The company is also free cash flow positive, meaning it isn’t burning through investor money to keep the lights on.
