What Entrata does
Entrata is a Lehi, Utah-based property management software company focused on the U.S. multifamily housing sector, according to Reuters (May 2026).[1] Its platform lets property managers and residents track work orders, manage finances and process online payments, and it had served 2.5 million units as of Mar 31, 2026, Reuters reported.[1] Entrata says it has offered property management software since 2003, covering every step of the leasing lifecycle.[2] Entrata's products include ELI+, which handles leasing, payments and renewals, and Homebody, a resident engagement product (May 2025).[2]
Business model and customers
Entrata said in May 2025 that it serves over twelve million residents across more than 35 thousand multifamily communities.[2] In the three months ended Mar 31, 2026, Entrata reported revenue of $143.5 million and net income of $23.3 million, up from revenue of $116.6 million and net income of $13.9 million a year earlier, according to Reuters.[1] Reuters described that as a 23% revenue increase in the first quarter of 2026.[1]
Leadership
- Adam Edmunds, CEO of Entrata[2]
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Key Metrics
Company Snapshot
Entrata is a Enterprise SaaS company, founded 2003. Latest valuation $4.3B (As of May 2025, SEC EDGAR (Entrata S-1)).
Recent changes
- Sep 1, 2026Sep 1, 2026Entrata Refiles Its S-1, Betting Software IPOs Are Back Pulse story
- May 28, 2026May 28, 2026IPO an undisclosed amount SEC EDGAR (Entrata S-1)
- May 28, 2026May 28, 2026First reported revenue: $509.3M SEC EDGAR (Entrata S-1)
- May 15, 2025May 15, 2025Raised $200M at a $4.3B valuation Entrata
- May 15, 2025May 15, 2025New investor: Blackstone Entrata
Earlier changes (3)
- 20252025First reported valuation: $4.3B (2025 Blackstone minority investment) Value Add Pulse enrichment
- 20212021Raised $507M at a >$1B valuation Value Add Pulse enrichment
- 20212021New investor: Silver Lake Value Add Pulse enrichment
Funding History
3 events · sources dated per row| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| May 28, 2026 | ipo | — | — | SEC EDGAR (Entrata S-1) | |
| May 15, 2025 | funding round | $200M | $4.3B | BlackstoneLeadunverified | Entrata |
| 2021 | funding round | $507M | >$1B | Silver LakeLeadunverified | Value Add Pulse research |
How Entrata has been funded
Silver Lake made a majority investment in Entrata in 2021, according to the company.[2] On May 15, 2025, Entrata announced a $200 million minority investment from funds managed by Blackstone at a $4.3 billion valuation.[2] Reuters lists Silver Lake, TPP Capital Advisors and Dragoneer Investment Group among Entrata's major backers (May 2026).[1] On May 28, 2026, Entrata filed for a U.S. initial public offering and said it would list on the NYSE under the symbol "ENT," with Goldman Sachs, J.P. Morgan and Barclays among the underwriters, Reuters reported.[1]
Investors
Latest Pulse
- Sep 29, 2026EliseAI Raises $350M, Valuation Doubles To $4BEliseAI raised $350 million at a $4 billion valuation, doubling its mark from 13 months ago on the strength of $200M-plus in ARR from housing and healthcare operations automation.→
- Sep 1, 2026Twelve Companies Filed to Go Public in Forty-Eight HoursBetween Aug. 31 and Sept. 1, twelve registration statements hit EDGAR spanning AI power infrastructure, beauty, menswear, edge silicon, property software and a SPAC -- one of the densest filing stretches of the year.→
- Sep 1, 2026Why This Week's Real IPO Story Is Old Economy, Not AIFour S-1s hit this week -- a beauty conglomerate, a profitable proptech, an edge-AI chipmaker whose revenue is mostly microphones, and a menswear retailer -- and none of them are the AI mega-caps everyone's actually watching this fall.→
- Sep 1, 2026Entrata Refiles Its S-1, Betting Software IPOs Are BackEntrata amended its S-1 pitching a rare combination for a 2026 IPO candidate: $575M ARR growing 23%, GAAP operating profitability, and 117% net retention -- a direct test of investor appetite for software this year.→
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Entrata FAQ
What is Entrata's valuation?
Entrata was valued at $4.3 billion when Blackstone made a $200 million minority investment in May 2025.[2]
How much revenue does Entrata make?
Entrata reported revenue of $143.5 million and net income of $23.3 million for the three months ended Mar 31, 2026, up from $116.6 million in revenue a year earlier, according to Reuters.[1]
Who invested in Entrata?
Silver Lake made a majority investment in Entrata in 2021, and Blackstone made a $200 million minority investment in May 2025.[2] Reuters also names TPP Capital Advisors and Dragoneer Investment Group among Entrata's major backers.[1]
Who owns Entrata?
Silver Lake has held a majority investment in Entrata since 2021, according to the company, and Blackstone holds a minority stake acquired in May 2025.[2]
When is the Entrata IPO?
Entrata filed for a U.S. IPO on May 28, 2026, and plans to list on the NYSE under the ticker "ENT," Reuters reported.[1]
What does Entrata do?
Entrata sells property management software that lets multifamily property managers and residents track work orders, manage finances and process online payments.[1]
Who is the CEO of Entrata?
Adam Edmunds is the CEO of Entrata.[2]
References
researched 2026-10-19Sources & methodologyshow
Where these figures come from
- SEC EDGAR (Entrata S-1)primary source3 facts
- EntrataValue Add VC data1 fact
- Value Add Pulse researchValue Add VC data1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.