Entrata, a PROPTECH operating system for multifamily housing backed by Silver Lake, Blackstone, and Dragoneer Investment Group, has filed for a U.S. IPO, revealing 23% revenue growth in Q1 2026 to $143.5 million with net income of $23.3 million. The Lehi, Utah-based company serves 2.5 million units across 35,000+ communities and processes over $20 billion in annual rent payments, with Goldman Sachs and JPMorgan Chase as lead underwriters. Strategically, the filing signals the opening of a summer IPO window for property technology platforms with strong unit economics, as the broader market reassesses how AI could reshape property management workflows.

Entrata Reveals 23% Revenue Jump As Real Estate Software Firm Files For US IPO