Canva’s most recent employee tender offer in August 2025 established a $42 billion post-money valuation at roughly $1,646 per share, supported by $3.3–4 billion in annualized recurring revenue, eight consecutive years of profitability, and over 240 million monthly active users. Secondary-market transactions through mid-2026 have traded near or at modest premiums to that level, reflecting sustained demand from institutional buyers such as Fidelity amid broader software-sector volatility and AI-driven product expansion. With only days remaining until the June 30 resolution, trader sentiment centers on whether any additional qualifying tender, share sale, or fund mark will occur in time to shift the reference valuation above the contract threshold; absent such an event, the market-implied odds remain anchored to the existing $42 billion benchmark and limited near-term catalysts.