409A Valuation Providers

Best 409A Valuation Providers: What to Look For

A 409A valuation sets the fair market value of your common stock so option grants stay IRS-safe. We have not yet verified any 409A-specific providers in the AuditNex directory — rather than fake a top-10, this page explains exactly how to evaluate providers, and you can request matches through our network.

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How this list is ranked (as of July 26, 2026): independent verification status first, then relevance to this page, then profile completeness (credentials, pricing and timeline transparency, platform integrations), then verified client reviews. Ranking placement cannot be bought and firms do not pay to be listed. We currently have no 409A-specific providers with confirmed track records in the directory, so no ranked list is shown — we never fabricate rankings. Independent verification of the directory is in progress — until a firm is verified, its data is compiled from public records and labeled accordingly. Full details: how we verify auditors.

Why there is no ranked list here yet

AuditNex only ranks firms we actually track for a framework. We have not yet confirmed 409A engagements for the firms in our directory, and we never fabricate a top-10. Use the criteria below to evaluate providers, or request matches and we will connect you through the network.

How to evaluate a 409A provider

Safe-harbor qualification

The valuation must be performed by a qualified independent appraiser for the IRS safe-harbor presumption to apply. Ask about the appraisers' credentials (ASA, CFA, ABV).

Methodology transparency

Credible providers explain their approach (backsolve/OPM, market, income) and show the inputs — not just a number.

Audit defensibility

Your 409A will be scrutinized in financial audits and M&A diligence. Ask how often the provider's reports have survived Big 4 review.

Refresh cadence & price

You need a new valuation every 12 months or after material events. Compare bundled refresh pricing, not just the first report.

Independence from your cap-table vendor

Bundled valuations can be convenient, but confirm the appraisal team is independent and qualified — cheap bundled reports are a common audit red flag.

Turnaround

Standard delivery runs 1–4 weeks. If you are pricing options for a hiring wave, confirm the timeline in writing.

Frequently asked questions

Why is there no ranked list on this page?

AuditNex only ranks firms we actually track, and we have not yet verified 409A-specific valuation providers in our directory. Rather than publish a fabricated top-10, we explain the selection criteria and can match you with providers through the questionnaire.

How much does a 409A valuation cost?

Typical standalone 409A valuations run roughly $1,000–$5,000+ for startups depending on stage and complexity, with enterprise valuations higher. See our 409A valuation cost guide for the full breakdown of what drives price.

How often do I need a new 409A?

At least every 12 months, or immediately after a material event such as a new financing round, major revenue change, or M&A activity — whichever comes first.

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