Value accretive core - ROIC beat WACC by more than 5pp in 4 of the last 4 fiscal years
ROIC 57.2% vs WACC 9.5% in FY2025 (spread 47.7pp). Average spread 37.5pp over 4 years; lowest 31.8pp.
Read software and SaaS through recurring-demand durability, gross margin, and cash scalability rather than simple top-line growth.
Software economics are defined by recurring demand, high gross margins, and scalable cost structure, not just one-year revenue acceleration. The important questions are whether growth is durable, whether cash conversion is real, and whether product investment is strengthening the moat or just buying time. The StatsAlpha(TM) software and SaaS framework evaluates application software, infrastructure, IT services, and platform-style businesses through recurring-demand proxies, Rule of 40 context, free cash flow, operating leverage, and software-native moat signals. It is designed for informational analysis, not investment advice.
A quick read on where this framework looks strongest today.
Top slices selected from the strongest data already available for this industry.
Recurring storylines, tone distribution, and representative beats pulled from active companies inside this setup.
ROIC 57.2% vs WACC 9.5% in FY2025 (spread 47.7pp). Average spread 37.5pp over 4 years; lowest 31.8pp.
Revenue up 3711.3% YoY while gross margin expanded +69.6pp YoY to 99.2%
ROIC 31.6% vs WACC 10.0% in FY2025 (spread 21.6pp). Average spread 24.6pp over 4 years; lowest 21.6pp.
For informational purposes only. Not investment advice.
Metrics that recur most often across stronger operators in this framework.
Software SaaS
This framework uses all three Trade-Off Ledger axes with industry-specific weights.
Each axis sets a minimum evidence threshold. Higher coverage means the framework needs more supporting signals before the lens is treated as dependable.
Coverage thresholds and enabled metrics across the core trade-off axes.
Median and interquartile range across 593 companies in this framework.
Interquartile ranges show where the middle half of companies cluster, with the median pin marking the center of gravity for each pillar.
Scan the full company universe mapped into the Software & SaaS framework using live search across company name, ticker, and industry.
| Company | Market Cap | Score | Price | Strongest Pillar |
|---|---|---|---|---|
|
Software - Infrastructure
|
3.96T
|
66.4
Composite
|
$532.60
|
Profitability
85.5
|
|
GOOGL
Alphabet Inc.
Internet Content & Information
|
3.87T
|
58.7
Composite
|
$316.80
|
Profitability
76.5
|
|
GOOG
Alphabet Inc.
Internet Content & Information
|
3.86T
|
60.2
Composite
|
$314.19
|
Profitability
76.6
|
|
META
Meta Platforms, Inc.
Internet Content & Information
|
1.61T
|
65.8
Composite
|
$630.56
|
Profitability
78.6
|
|
Credit Services
|
741.88B
|
57.9
Composite
|
$404.16
|
Valuation
70.9
|
|
Credit Services
|
537.43B
|
58.7
Composite
|
$613.50
|
Profitability
73.7
|
|
Software - Infrastructure
|
477.82B
|
67.8
Composite
|
$198.84
|
Profitability
80.9
|
|
ORCL
Oracle Corporation
Software - Infrastructure
|
382.15B
|
62.6
Composite
|
$126.06
|
Profitability
76.3
|
|
Software - Infrastructure
|
319.40B
|
60.5
Composite
|
$390.46
|
Efficiency
75.4
|
|
SAP
SAP SE
Software - Application
|
276.24B
|
64.6
Composite
|
$238.55
|
Profitability
75.8
|
|
Software - Infrastructure
|
268.67B
|
62.5
Composite
|
$261.83
|
Efficiency
73.2
|
|
Information Technology Services
|
239.53B
|
59.8
Composite
|
$253.44
|
Valuation
68.3
|
|
SHOP
Shopify Inc.
Software - Application
|
216.39B
|
61.3
Composite
|
$168.18
|
Valuation
77.1
|
|
CRM
Salesforce, Inc.
Software - Application
|
203.78B
|
57.5
Composite
|
$247.61
|
Profitability
74.3
|
|
ACN
Accenture plc
Information Technology Services
|
166.83B
|
66.5
Composite
|
$247.23
|
Profitability
78.6
|
|
NOW
ServiceNow, Inc.
Software - Application
|
163.54B
|
59.2
Composite
|
$158.18
|
Profitability
68.1
|
|
Software - Application
|
135.07B
|
54.6
Composite
|
$66.13
|
Profitability
68.6
|
|
FTNT
Fortinet, Inc.
Software - Infrastructure
|
134.51B
|
65.9
Composite
|
$183.33
|
Profitability
82.4
|
|
Software - Application
|
119.32B
|
62.5
Composite
|
$301.12
|
Profitability
82.7
|
|
NET
Cloudflare, Inc.
Software - Infrastructure
|
118.17B
|
52.2
Composite
|
$331.86
|
Efficiency
65.7
|
|
SNOW
Snowflake Inc.
Software - Application
|
118.05B
|
51.4
Composite
|
$334.95
|
Growth
60.5
|
|
Internet Content & Information
|
117.63B
|
61.5
Composite
|
$572.36
|
Profitability
68.1
|
|
ADBE
Adobe Inc.
Software - Application
|
100.65B
|
64.0
Composite
|
$258.62
|
Profitability
81.3
|
|
DDOG
Datadog, Inc.
Software - Application
|
100.63B
|
65.2
Composite
|
$280.24
|
Growth
78.4
|
|
INTU
Intuit Inc.
Software - Application
|
90.83B
|
65.4
Composite
|
$339.89
|
Profitability
81.4
|
|
Software - Application
|
88.72B
|
66.5
Composite
|
$322.17
|
Profitability
77.5
|
|
Software - Application
|
87.26B
|
71.0
Composite
|
$260.74
|
Profitability
86.0
|
|
SNPS
Synopsys, Inc.
Software - Infrastructure
|
87.07B
|
69.3
Composite
|
$454.33
|
Profitability
75.5
|
|
DASH
DoorDash, Inc.
Internet Content & Information
|
72.98B
|
59.4
Composite
|
$168.44
|
Valuation
74.3
|
|
Software - Application
|
56.56B
|
58.1
Composite
|
$223.41
|
Growth
68.1
|
|
Software - Application
|
53.72B
|
32.5
Composite
|
$139.82
|
Efficiency
45.7
|
|
ADSK
Autodesk, Inc.
Software - Application
|
52.14B
|
65.0
Composite
|
$249.45
|
Profitability
77.7
|
|
INFY
Infosys Limited
Information Technology Services
|
50.41B
|
58.8
Composite
|
$12.43
|
Profitability
76.5
|
|
WDAY
Workday, Inc.
Software - Application
|
50.25B
|
61.3
Composite
|
$208.50
|
Profitability
74.0
|
|
Credit Services
|
47.04B
|
43.8
Composite
|
$54.99
|
Valuation
48.2
|
|
XYZ
Block, Inc.
Software - Infrastructure
|
45.07B
|
50.9
Composite
|
$74.55
|
Efficiency
63.0
|
|
Software - Application
|
43.72B
|
60.0
Composite
|
$441.65
|
Profitability
75.9
|
|
Software - Infrastructure
|
42.47B
|
61.2
Composite
|
$260.45
|
Efficiency
67.0
|
|
NBIS
Nebius Group N.V.
Internet Content & Information
|
42.01B
|
53.2
Composite
|
$153.27
|
Efficiency
66.6
|
|
PAYX
Paychex, Inc.
Software - Application
|
41.19B
|
63.9
Composite
|
$115.70
|
Profitability
84.1
|
|
TWLO
Twilio Inc.
Software - Infrastructure
|
40.49B
|
62.7
Composite
|
$263.65
|
Profitability
73.2
|
|
OKTA
Okta, Inc.
Software - Infrastructure
|
38.46B
|
62.9
Composite
|
$220.01
|
Efficiency
78.8
|
|
MDB
MongoDB, Inc.
Software - Infrastructure
|
31.35B
|
62.2
Composite
|
$389.11
|
Efficiency
69.5
|
|
Information Technology Services
|
31.23B
|
54.2
Composite
|
$69.34
|
Profitability
63.9
|
|
Software - Application
|
28.61B
|
59.2
Composite
|
$98.04
|
Profitability
67.2
|
|
VRSN
VeriSign, Inc.
Software - Infrastructure
|
27.69B
|
60.0
Composite
|
$308.72
|
Profitability
84.0
|
|
RBRK
Rubrik, Inc.
Software - Infrastructure
|
27.65B
|
51.4
Composite
|
$133.40
|
Efficiency
72.1
|
|
RDDT
Reddit, Inc.
Internet Content & Information
|
26.64B
|
72.0
Composite
|
$138.45
|
Growth
84.2
|
|
BIDU
Baidu, Inc.
Internet Content & Information
|
26.60B
|
55.0
Composite
|
$77.85
|
Valuation
65.2
|
|
CPAY
Corpay, Inc.
Software - Infrastructure
|
26.25B
|
62.5
Composite
|
$399.72
|
Profitability
76.0
|
|
IOT
Samsara Inc.
Software - Infrastructure
|
26.15B
|
60.8
Composite
|
$44.65
|
Growth
70.4
|
|
FFIV
F5, Inc.
Software - Infrastructure
|
26.14B
|
64.1
Composite
|
$461.60
|
Profitability
78.1
|
|
Software - Infrastructure
|
23.45B
|
64.9
Composite
|
$69.49
|
Growth
81.7
|
|
WIT
Wipro Limited
Information Technology Services
|
22.07B
|
55.0
Composite
|
$2.09
|
Profitability
69.4
|
|
PTC
PTC Inc.
Software - Application
|
21.08B
|
57.6
Composite
|
$194.25
|
Profitability
76.8
|
|
Information Technology Services
|
20.45B
|
64.3
Composite
|
$181.09
|
Profitability
80.8
|
|
CDW
CDW Corporation
Information Technology Services
|
20.41B
|
48.3
Composite
|
$163.23
|
Valuation
61.0
|
|
NTNX
Nutanix, Inc.
Software - Infrastructure
|
19.67B
|
67.5
Composite
|
$72.71
|
Profitability
83.7
|
|
Software - Application
|
19.24B
|
58.7
Composite
|
$82.01
|
Profitability
69.1
|
|
Information Technology Services
|
19.01B
|
56.0
Composite
|
$36.87
|
Profitability
65.5
|
|
TOST
Toast, Inc.
Software - Infrastructure
|
18.57B
|
55.9
Composite
|
$32.13
|
Profitability
64.7
|
|
Software - Application
|
18.55B
|
62.1
Composite
|
$64.18
|
Efficiency
79.4
|
|
Software - Application
|
17.75B
|
57.6
Composite
|
$40.33
|
Efficiency
67.8
|
|
GIB
CGI Inc.
Information Technology Services
|
17.68B
|
52.4
Composite
|
$81.90
|
Efficiency
63.3
|
|
Information Technology Services
|
17.55B
|
53.5
Composite
|
$139.86
|
Efficiency
57.5
|
|
Software - Infrastructure
|
17.13B
|
57.9
Composite
|
$90.14
|
Profitability
78.1
|
|
Software - Infrastructure
|
16.65B
|
63.2
Composite
|
$159.63
|
Profitability
76.5
|
|
DOCU
DocuSign, Inc.
Software - Application
|
15.87B
|
56.2
Composite
|
$84.89
|
Efficiency
79.1
|
|
Software - Application
|
15.82B
|
57.8
Composite
|
$386.38
|
Profitability
68.4
|
|
Software - Application
|
15.29B
|
61.2
Composite
|
$708.07
|
Profitability
78.0
|
|
Software - Application
|
15.08B
|
64.6
Composite
|
$183.96
|
Profitability
70.9
|
|
Information Technology Services
|
14.77B
|
56.7
Composite
|
$665.00
|
Efficiency
76.1
|
|
GEN
Gen Digital Inc.
Software - Infrastructure
|
14.61B
|
60.5
Composite
|
$24.41
|
Profitability
74.5
|
|
Information Technology Services
|
14.59B
|
56.0
Composite
|
$231.03
|
Efficiency
84.0
|
|
Software - Infrastructure
|
14.16B
|
58.4
Composite
|
$98.50
|
Profitability
66.6
|
|
Internet Content & Information
|
14.00B
|
59.4
Composite
|
$8.48
|
Profitability
70.5
|
|
GDDY
GoDaddy Inc.
Software - Infrastructure
|
13.91B
|
57.4
Composite
|
$109.82
|
Profitability
74.7
|
|
Software - Application
|
13.78B
|
58.7
Composite
|
$236.40
|
Profitability
74.1
|
|
HUBS
HubSpot, Inc.
Software - Application
|
13.16B
|
60.4
Composite
|
$263.99
|
Efficiency
78.4
|
|
SAIL
SailPoint, Inc.
Software - Infrastructure
|
12.42B
|
52.6
Composite
|
$21.75
|
Efficiency
68.2
|
|
Software - Application
|
12.36B
|
59.7
Composite
|
$39.84
|
Profitability
69.7
|
|
FROG
JFrog Ltd.
Software - Application
|
12.28B
|
61.3
Composite
|
$99.61
|
Efficiency
82.3
|
|
PINS
Pinterest, Inc.
Internet Content & Information
|
12.02B
|
54.2
Composite
|
$21.23
|
Efficiency
83.5
|
|
Software - Application
|
11.88B
|
59.9
Composite
|
$268.25
|
Profitability
76.9
|
|
Software - Infrastructure
|
11.70B
|
62.4
Composite
|
$99.53
|
Valuation
70.5
|
|
Information Technology Services
|
11.38B
|
65.2
Composite
|
$162.35
|
Profitability
84.4
|
|
DAY
Dayforce, Inc.
Software - Application
|
11.18B
|
41.8
Composite
|
$69.86
|
Valuation
56.9
|
|
ESTC
Elastic N.V.
Software - Application
|
11.16B
|
54.4
Composite
|
$106.29
|
Efficiency
65.7
|
|
CFLT
Confluent, Inc.
Software - Infrastructure
|
11.08B
|
47.6
Composite
|
$30.99
|
Efficiency
66.4
|
|
Software - Application
|
11.05B
|
54.7
Composite
|
$2.71
|
Profitability
69.8
|
|
QXO
QXO, Inc.
Software - Application
|
10.87B
|
53.0
Composite
|
$10.48
|
Growth
68.8
|
|
SNAP
Snap Inc.
Internet Content & Information
|
10.72B
|
49.0
Composite
|
$6.34
|
Efficiency
72.8
|
|
MTCH
Match Group, Inc.
Internet Content & Information
|
10.38B
|
54.6
Composite
|
$45.21
|
Efficiency
75.0
|
|
Information Technology Services
|
9.76B
|
31.7
Composite
|
$4.87
|
Efficiency
43.6
|
|
Software - Application
|
9.54B
|
61.6
Composite
|
$62.77
|
Efficiency
73.6
|
|
GTLB
GitLab Inc.
Software - Infrastructure
|
9.44B
|
52.2
Composite
|
$56.65
|
Efficiency
60.1
|
|
Software - Application
|
9.36B
|
60.2
Composite
|
$176.46
|
Profitability
80.5
|
|
Software - Infrastructure
|
8.88B
|
49.6
Composite
|
$25.50
|
Efficiency
64.5
|
|
Software - Application
|
8.66B
|
65.4
Composite
|
$8.35
|
Profitability
76.3
|
|
DBX
Dropbox, Inc.
Software - Infrastructure
|
8.54B
|
54.7
Composite
|
$37.73
|
Efficiency
72.8
|
|
Software - Infrastructure
|
8.46B
|
59.2
Composite
|
$33.70
|
Growth
68.9
|
|
IDCC
InterDigital, Inc.
Software - Application
|
8.37B
|
65.4
Composite
|
$324.26
|
Profitability
79.0
|
|
Software - Application
|
8.14B
|
64.4
Composite
|
$94.77
|
Profitability
73.2
|
|
TTAN
ServiceTitan, Inc.
Software - Application
|
8.02B
|
54.9
Composite
|
$83.12
|
Efficiency
63.9
|
|
QLYS
Qualys, Inc.
Software - Infrastructure
|
7.79B
|
60.1
Composite
|
$225.15
|
Profitability
74.6
|
|
Internet Content & Information
|
7.76B
|
51.4
Composite
|
$32.62
|
Valuation
58.3
|
|
APPF
AppFolio, Inc.
Software - Application
|
7.60B
|
58.4
Composite
|
$214.32
|
Profitability
69.9
|
|
Internet Content & Information
|
7.59B
|
50.1
Composite
|
$33.73
|
Profitability
56.5
|
|
PATH
UiPath, Inc.
Software - Infrastructure
|
7.45B
|
57.1
Composite
|
$14.30
|
Profitability
63.7
|
|
Internet Content & Information
|
7.44B
|
63.0
Composite
|
$16.66
|
Profitability
80.1
|
|
Software - Application
|
7.33B
|
59.6
Composite
|
$24.56
|
Growth
71.8
|
|
Software - Application
|
7.29B
|
55.1
Composite
|
$86.31
|
Efficiency
74.9
|
|
NICE
NICE Ltd
Software - Application
|
7.17B
|
57.6
Composite
|
$122.41
|
Profitability
70.9
|
|
EPAM
EPAM Systems, Inc.
Information Technology Services
|
7.10B
|
46.9
Composite
|
$137.56
|
Health
60.8
|
|
Software - Application
|
6.95B
|
61.2
Composite
|
$167.73
|
Efficiency
70.7
|
|
Information Technology Services
|
6.80B
|
51.9
Composite
|
$40.48
|
Profitability
57.6
|
|
Software - Application
|
6.68B
|
58.2
Composite
|
$27.63
|
Profitability
71.2
|
|
Information Technology Services
|
6.57B
|
38.5
Composite
|
$28.48
|
Growth
52.0
|
|
WEX
WEX Inc.
Software - Infrastructure
|
6.55B
|
53.1
Composite
|
$192.09
|
Profitability
66.6
|
|
DOX
Amdocs Limited
Software - Infrastructure
|
6.54B
|
56.3
Composite
|
$62.68
|
Profitability
64.6
|
|
DUOL
Duolingo, Inc.
Software - Application
|
6.48B
|
60.7
Composite
|
$138.60
|
Efficiency
76.5
|
|
LYFT
Lyft, Inc.
Software - Application
|
6.46B
|
51.6
Composite
|
$17.06
|
Profitability
61.4
|
|
Information Technology Services
|
6.33B
|
54.4
Composite
|
$41.77
|
Profitability
58.6
|
|
Software - Application
|
6.23B
|
65.4
Composite
|
$46.07
|
Profitability
75.7
|
|
Information Technology Services
|
6.22B
|
48.8
Composite
|
$148.51
|
Health
54.2
|
|
PEGA
Pegasystems Inc.
Software - Application
|
6.01B
|
57.1
Composite
|
$36.71
|
Efficiency
79.5
|
|
Software - Application
|
6.00B
|
54.5
Composite
|
$12.77
|
Profitability
66.5
|
|
BOX
Box, Inc.
Software - Infrastructure
|
5.93B
|
58.1
Composite
|
$43.21
|
Efficiency
66.4
|
|
Software - Infrastructure
|
5.90B
|
60.0
Composite
|
$20.71
|
Efficiency
79.8
|
|
Software - Infrastructure
|
5.65B
|
48.0
Composite
|
$49.15
|
Efficiency
66.0
|
|
ACIW
ACI Worldwide, Inc.
Software - Infrastructure
|
5.62B
|
54.5
Composite
|
$55.68
|
Profitability
62.3
|
|
Software - Infrastructure
|
5.40B
|
59.5
Composite
|
$9.19
|
Valuation
73.0
|
|
Information Technology Services
|
5.39B
|
42.3
Composite
|
$17.83
|
Growth
60.1
|
|
Information Technology Services
|
5.34B
|
45.2
Composite
|
$49.99
|
Valuation
60.2
|
|
Software - Infrastructure
|
5.31B
|
59.2
Composite
|
$48.21
|
Efficiency
78.8
|
|
BRZE
Braze, Inc.
Software - Application
|
5.21B
|
51.7
Composite
|
$45.84
|
Efficiency
69.0
|
|
RELY
Remitly Global, Inc.
Software - Infrastructure
|
5.20B
|
59.8
Composite
|
$24.57
|
Profitability
73.7
|
|
Software - Application
|
4.96B
|
57.7
Composite
|
$9.50
|
Growth
66.1
|
|
WK
Workiva Inc.
Software - Application
|
4.71B
|
57.5
Composite
|
$86.51
|
Efficiency
77.9
|
|
Information Technology Services
|
4.57B
|
52.3
Composite
|
$22.81
|
Profitability
64.2
|
|
Software - Infrastructure
|
4.56B
|
49.4
Composite
|
$24.00
|
Efficiency
78.1
|
|
MNDY
monday.com Ltd.
Software - Application
|
4.39B
|
52.6
Composite
|
$103.77
|
Efficiency
72.8
|
|
QTWO
Q2 Holdings, Inc.
Software - Application
|
4.35B
|
56.9
Composite
|
$69.82
|
Profitability
66.6
|
|
BILL
BILL Holdings, Inc.
Software - Application
|
4.26B
|
55.9
Composite
|
$49.93
|
Efficiency
70.4
|
|
DLO
DLocal Limited
Software - Infrastructure
|
4.16B
|
59.9
Composite
|
$14.44
|
Growth
69.7
|
|
DAVE
Dave Inc.
Software - Application
|
4.12B
|
62.0
Composite
|
$323.01
|
Efficiency
67.9
|
|
Software - Infrastructure
|
4.10B
|
56.1
Composite
|
$32.52
|
Profitability
62.3
|
|
FSLY
Fastly, Inc.
Software - Application
|
4.08B
|
52.9
Composite
|
$25.61
|
Health
59.5
|
|
FRSH
Freshworks Inc.
Software - Application
|
4.01B
|
58.3
Composite
|
$15.36
|
Efficiency
78.0
|
|
SRAD
Sportradar Group AG
Software - Application
|
3.73B
|
55.6
Composite
|
$12.60
|
Profitability
65.8
|
|
APPN
Appian Corporation
Software - Infrastructure
|
3.69B
|
45.4
Composite
|
$51.57
|
Efficiency
62.3
|
|
LIF
Life360, Inc.
Software - Application
|
3.67B
|
64.0
Composite
|
$44.02
|
Efficiency
73.1
|
|
INTA
Intapp, Inc.
Software - Application
|
3.61B
|
46.5
Composite
|
$47.15
|
Efficiency
76.7
|
|
AVPT
AvePoint, Inc.
Software - Infrastructure
|
3.56B
|
57.7
Composite
|
$16.85
|
Profitability
65.1
|
|
Software - Infrastructure
|
3.50B
|
58.8
Composite
|
$8.56
|
Profitability
69.1
|
|
AGYS
Agilysys, Inc.
Software - Application
|
3.47B
|
61.2
Composite
|
$123.45
|
Profitability
64.4
|
|
Software - Application
|
3.47B
|
50.9
Composite
|
$46.99
|
Profitability
59.7
|
|
WIX
Wix.com Ltd.
Software - Infrastructure
|
3.45B
|
43.5
Composite
|
$80.38
|
Efficiency
65.7
|
|
IAC
IAC Inc.
Internet Content & Information
|
3.42B
|
43.7
Composite
|
$44.53
|
Health
48.8
|
|
Information Technology Services
|
3.31B
|
47.5
Composite
|
$54.92
|
Growth
55.0
|
|
SPSC
SPS Commerce, Inc.
Software - Application
|
3.26B
|
54.4
Composite
|
$90.56
|
Efficiency
67.0
|
|
Software - Infrastructure
|
3.24B
|
57.3
Composite
|
$34.85
|
Profitability
69.0
|
|
Information Technology Services
|
3.20B
|
38.0
Composite
|
$14.68
|
Efficiency
47.0
|
|
Software - Application
|
3.17B
|
55.0
Composite
|
$64.59
|
Profitability
62.5
|
|
CLBT
Cellebrite DI Ltd.
Software - Infrastructure
|
3.07B
|
58.8
Composite
|
$12.23
|
Valuation
63.7
|
|
Software - Infrastructure
|
2.96B
|
58.8
Composite
|
$40.76
|
Efficiency
70.9
|
|
Software - Infrastructure
|
2.92B
|
54.5
Composite
|
$36.99
|
Valuation
62.1
|
|
STNE
StoneCo Ltd.
Software - Infrastructure
|
2.91B
|
56.4
Composite
|
$8.33
|
Profitability
72.1
|
|
Software - Application
|
2.90B
|
50.3
Composite
|
$35.56
|
Growth
59.7
|
|
FIVN
Five9, Inc.
Software - Infrastructure
|
2.82B
|
53.2
Composite
|
$37.74
|
Health
58.3
|
|
ASAN
Asana, Inc.
Software - Application
|
2.75B
|
44.7
Composite
|
$12.01
|
Efficiency
69.3
|
|
Information Technology Services
|
2.60B
|
44.9
Composite
|
$16.30
|
Efficiency
53.6
|
|
Software - Application
|
2.60B
|
56.6
Composite
|
$8.68
|
Growth
65.4
|
|
PLUS
ePlus inc.
Software - Application
|
2.49B
|
56.0
Composite
|
$96.51
|
Profitability
63.5
|
|
NCNO
nCino, Inc.
Software - Application
|
2.48B
|
57.6
Composite
|
$23.42
|
Efficiency
66.3
|
|
BLKB
Blackbaud, Inc.
Software - Application
|
2.46B
|
57.8
Composite
|
$55.07
|
Profitability
68.1
|
|
VERX
Vertex, Inc.
Software - Application
|
2.46B
|
54.5
Composite
|
$15.17
|
Efficiency
64.7
|
|
PAYO
Payoneer Global Inc.
Software - Infrastructure
|
2.42B
|
53.9
Composite
|
$7.15
|
Efficiency
74.2
|
|
Software - Infrastructure
|
2.39B
|
55.4
Composite
|
$63.95
|
Profitability
64.0
|
|
CALX
Calix, Inc
Software - Infrastructure
|
2.37B
|
51.6
Composite
|
$37.68
|
Profitability
60.6
|
|
ADEA
Adeia Inc.
Software - Application
|
2.36B
|
63.0
Composite
|
$21.42
|
Efficiency
72.7
|
|
Software - Application
|
2.34B
|
46.3
Composite
|
$68.82
|
Profitability
56.0
|
|
Software - Infrastructure
|
2.33B
|
52.4
Composite
|
$19.15
|
Profitability
56.0
|
|
Software - Infrastructure
|
2.32B
|
56.9
Composite
|
$38.17
|
Profitability
65.1
|
|
Software - Infrastructure
|
2.30B
|
56.6
Composite
|
$80.69
|
Health
62.4
|
|
ATHM
Autohome Inc.
Internet Content & Information
|
2.29B
|
56.5
Composite
|
$20.40
|
Profitability
70.7
|
|
GRND
Grindr Inc.
Software - Application
|
2.28B
|
57.7
Composite
|
$13.12
|
Profitability
64.9
|
|
ASST
Asset Entities Inc.
Internet Content & Information
|
2.25B
|
31.3
Composite
|
$26.32
|
Efficiency
48.5
|
|
PONY
Pony AI Inc.
Information Technology Services
|
2.19B
|
34.2
Composite
|
$5.05
|
Growth
51.9
|
|
AMPL
Amplitude, Inc.
Software - Application
|
2.16B
|
47.5
Composite
|
$17.30
|
Efficiency
85.6
|
|
RUM
Rumble Inc.
Software - Application
|
2.15B
|
40.7
Composite
|
$5.37
|
Efficiency
50.2
|
|
Software - Infrastructure
|
2.12B
|
56.7
Composite
|
$59.40
|
Profitability
65.8
|
|
Software - Application
|
2.10B
|
60.2
Composite
|
$13.55
|
Efficiency
80.5
|
|
INOD
Innodata Inc.
Information Technology Services
|
2.06B
|
67.0
Composite
|
$59.91
|
Efficiency
83.0
|
|
AI
C3.ai, Inc.
Software - Application
|
2.06B
|
35.6
Composite
|
$12.79
|
Efficiency
65.5
|
|
KARO
Karooooo Ltd.
Software - Application
|
2.00B
|
63.4
Composite
|
$64.73
|
Profitability
76.9
|
|
Software - Application
|
1.99B
|
56.4
Composite
|
$34.18
|
Efficiency
71.6
|
|
PRCH
Porch Group, Inc.
Software - Application
|
1.97B
|
49.2
Composite
|
$17.37
|
Efficiency
65.7
|
|
Information Technology Services
|
1.97B
|
54.6
Composite
|
$129.90
|
Growth
73.4
|
|
Information Technology Services
|
1.96B
|
46.0
Composite
|
$32.01
|
Efficiency
68.8
|
|
GLOB
Globant S.A.
Information Technology Services
|
1.94B
|
44.9
Composite
|
$45.00
|
Growth
50.2
|
|
Credit Services
|
1.94B
|
38.7
Composite
|
$6.21
|
Valuation
49.6
|
|
Software - Infrastructure
|
1.91B
|
55.5
Composite
|
$18.33
|
Efficiency
77.9
|
|
NN
NextNav Inc.
Software - Infrastructure
|
1.90B
|
43.3
Composite
|
$11.28
|
Valuation
50.5
|
|
Software - Infrastructure
|
1.89B
|
56.8
Composite
|
$46.31
|
Efficiency
72.8
|
|
NYAX
Nayax Ltd.
Information Technology Services
|
1.89B
|
47.5
Composite
|
$50.41
|
Valuation
59.8
|
|
SOUN
SoundHound AI, Inc.
Software - Application
|
1.88B
|
43.1
Composite
|
$4.24
|
Growth
55.9
|
|
ATEN
A10 Networks, Inc.
Software - Infrastructure
|
1.87B
|
64.2
Composite
|
$25.79
|
Valuation
74.8
|
|
EVTC
Evertec, Inc.
Software - Infrastructure
|
1.85B
|
54.9
Composite
|
$30.94
|
Profitability
62.9
|
|
Software - Application
|
1.80B
|
53.4
Composite
|
$12.00
|
Efficiency
65.5
|
|
Internet Content & Information
|
1.74B
|
39.8
Composite
|
$6.52
|
Growth
52.5
|
|
PDFS
PDF Solutions, Inc.
Software - Application
|
1.72B
|
58.7
Composite
|
$40.82
|
Efficiency
68.4
|
|
EVCM
EverCommerce Inc.
Software - Infrastructure
|
1.71B
|
55.0
Composite
|
$9.70
|
Efficiency
67.6
|
|
Internet Content & Information
|
1.71B
|
34.6
Composite
|
$6.14
|
Valuation
52.0
|
|
Software - Application
|
1.67B
|
53.5
Composite
|
$15.71
|
Efficiency
63.9
|
|
Software - Infrastructure
|
1.58B
|
55.7
Composite
|
$18.88
|
Health
62.8
|
|
CXM
Sprinklr, Inc.
Software - Application
|
1.56B
|
49.0
Composite
|
$6.71
|
Efficiency
64.6
|
|
OPRA
Opera Limited
Internet Content & Information
|
1.55B
|
57.1
Composite
|
$17.69
|
Profitability
63.6
|
|
BAND
Bandwidth Inc.
Software - Infrastructure
|
1.51B
|
56.0
Composite
|
$46.89
|
Health
60.3
|
|
Internet Content & Information
|
1.48B
|
60.6
Composite
|
$6.18
|
Profitability
68.2
|
|
Internet Content & Information
|
1.45B
|
32.9
Composite
|
$3.71
|
Efficiency
42.0
|
|
Software - Application
|
1.43B
|
48.5
Composite
|
$11.09
|
Growth
56.5
|
|
Software - Application
|
1.39B
|
56.4
Composite
|
$17.82
|
Efficiency
77.3
|
|
WRD
WERIDE INC.
Software - Application
|
1.38B
|
42.5
Composite
|
$4.18
|
Efficiency
62.7
|
|
RDWR
Radware Ltd.
Software - Infrastructure
|
1.36B
|
55.6
Composite
|
$32.30
|
Efficiency
68.6
|
|
Software - Application
|
1.33B
|
58.0
Composite
|
$54.21
|
Profitability
69.9
|
|
RDVT
Red Violet, Inc.
Software - Application
|
1.29B
|
60.2
Composite
|
$80.12
|
Profitability
68.9
|
|
Internet Content & Information
|
1.24B
|
40.1
Composite
|
$9.16
|
Profitability
48.4
|
|
Software - Application
|
1.24B
|
37.0
Composite
|
$4.27
|
Efficiency
70.8
|
|
RSKD
Riskified Ltd.
Software - Application
|
1.22B
|
46.9
Composite
|
$9.22
|
Efficiency
64.8
|
|
RPD
Rapid7, Inc.
Software - Infrastructure
|
1.21B
|
51.0
Composite
|
$17.93
|
Efficiency
66.0
|
|
CLVT
Clarivate Plc
Information Technology Services
|
1.20B
|
35.3
Composite
|
$1.87
|
Efficiency
74.7
|
|
UPWK
Upwork Inc.
Internet Content & Information
|
1.19B
|
57.6
Composite
|
$9.51
|
Efficiency
68.8
|
|
Software - Application
|
1.16B
|
52.3
Composite
|
$9.62
|
Health
60.0
|
|
IBTA
Ibotta, Inc.
Software - Application
|
1.13B
|
48.8
Composite
|
$48.68
|
Efficiency
71.5
|
|
Information Technology Services
|
1.13B
|
38.1
Composite
|
$8.16
|
Efficiency
41.7
|
|
VNET
VNET Group, Inc.
Information Technology Services
|
1.11B
|
41.5
Composite
|
$3.93
|
Valuation
46.5
|
|
YELP
Yelp Inc.
Internet Content & Information
|
1.05B
|
53.8
Composite
|
$19.44
|
Efficiency
68.3
|
|
ODD
ODDITY Tech Ltd.
Software - Infrastructure
|
1.03B
|
52.1
Composite
|
$22.41
|
Health
65.1
|
|
BBAI
BigBear.ai, Inc.
Information Technology Services
|
1.02B
|
38.6
Composite
|
$2.12
|
Growth
70.5
|
|
TUYA
Tuya Inc.
Software - Infrastructure
|
1.01B
|
55.6
Composite
|
$1.64
|
Profitability
64.6
|
|
UPBD
Upbound Group, Inc.
Software - Application
|
990.51M
|
53.9
Composite
|
$16.99
|
Profitability
66.7
|
|
NABL
N-able, Inc.
Information Technology Services
|
972.87M
|
55.0
Composite
|
$5.15
|
Efficiency
78.2
|
|
Software - Application
|
918.68M
|
60.5
Composite
|
$13.82
|
Efficiency
69.1
|
|
BMBL
Bumble Inc.
Internet Content & Information
|
914.70M
|
41.7
Composite
|
$5.97
|
Efficiency
59.4
|
|
TBLA
Taboola.com Ltd.
Internet Content & Information
|
913.13M
|
50.4
Composite
|
$3.38
|
Efficiency
57.9
|
|
YALA
Yalla Group Limited
Software - Application
|
854.80M
|
59.2
Composite
|
$5.63
|
Profitability
75.9
|
|
Information Technology Services
|
853.30M
|
50.9
Composite
|
$17.38
|
Profitability
55.8
|
|
MITK
Mitek Systems, Inc.
Software - Application
|
844.69M
|
61.1
Composite
|
$18.72
|
Efficiency
71.8
|
|
Software - Application
|
837.50M
|
41.4
Composite
|
$607.82
|
Valuation
50.1
|
|
CTLP
Cantaloupe, Inc.
Information Technology Services
|
825.80M
|
44.8
Composite
|
$11.20
|
Valuation
57.7
|
|
ASGN
ASGN Incorporated
Information Technology Services
|
822.50M
|
40.8
Composite
|
$20.06
|
Efficiency
58.6
|
|
PAYS
Paysign, Inc.
Software - Infrastructure
|
804.60M
|
59.3
Composite
|
$14.25
|
Growth
75.4
|
|
SMWB
Similarweb Ltd.
Software - Application
|
788.06M
|
50.7
Composite
|
$8.93
|
Efficiency
62.8
|
|
EVER
EverQuote, Inc.
Internet Content & Information
|
788.00M
|
54.6
Composite
|
$22.36
|
Profitability
66.4
|
|
TASK
TaskUs, Inc.
Information Technology Services
|
782.09M
|
49.5
Composite
|
$8.53
|
Efficiency
60.2
|
|
Software - Application
|
773.16M
|
49.7
Composite
|
$12.76
|
Efficiency
64.0
|
|
DCBO
Docebo Inc.
Software - Application
|
760.87M
|
48.5
Composite
|
$30.45
|
Profitability
58.4
|
|
OSPN
OneSpan Inc.
Software - Infrastructure
|
759.15M
|
55.1
Composite
|
$20.60
|
Profitability
65.5
|
|
PUBM
PubMatic, Inc.
Software - Application
|
755.88M
|
53.7
Composite
|
$16.59
|
Profitability
58.8
|
|
Software - Infrastructure
|
736.24M
|
52.7
Composite
|
$9.97
|
Profitability
59.8
|
|
YEXT
Yext, Inc.
Software - Infrastructure
|
734.42M
|
50.0
Composite
|
$7.42
|
Profitability
67.6
|
|
Software - Application
|
711.85M
|
42.7
Composite
|
$17.21
|
Health
53.4
|
|
Information Technology Services
|
698.50M
|
43.5
Composite
|
$8.61
|
Efficiency
56.3
|
|
MOMO
Hello Group Inc.
Internet Content & Information
|
694.20M
|
56.7
Composite
|
$4.45
|
Efficiency
69.7
|
|
Software - Infrastructure
|
690.78M
|
34.2
Composite
|
$9.91
|
Valuation
48.2
|
|
Software - Infrastructure
|
690.71M
|
39.9
Composite
|
$2.71
|
Profitability
49.9
|
|
NRDS
NerdWallet, Inc.
Internet Content & Information
|
690.37M
|
58.2
Composite
|
$10.80
|
Efficiency
88.3
|
|
Software - Infrastructure
|
682.24M
|
62.0
Composite
|
$37.23
|
Profitability
74.8
|
|
GRPN
Groupon, Inc.
Internet Content & Information
|
677.08M
|
45.0
Composite
|
$16.65
|
Efficiency
82.8
|
|
SABR
Sabre Corporation
Software - Infrastructure
|
661.88M
|
42.8
Composite
|
$1.64
|
Profitability
53.8
|
|
VTEX
VTEX
Software - Application
|
658.02M
|
54.6
Composite
|
$3.98
|
Profitability
64.6
|
|
Software - Infrastructure
|
652.49M
|
43.3
Composite
|
$7.69
|
Profitability
55.5
|
|
Software - Infrastructure
|
644.68M
|
46.9
Composite
|
$7.82
|
Profitability
58.4
|
|
MAX
MediaAlpha, Inc.
Internet Content & Information
|
629.35M
|
56.2
Composite
|
$11.88
|
Profitability
64.0
|
|
IBEX
IBEX Limited
Information Technology Services
|
625.29M
|
55.2
Composite
|
$47.09
|
Profitability
65.5
|
|
RZLV
Rezolve AI Limited
Software - Infrastructure
|
612.80M
|
34.7
Composite
|
$1.47
|
Valuation
58.7
|
|
OOMA
Ooma, Inc.
Software - Application
|
550.90M
|
57.1
Composite
|
$19.96
|
Efficiency
62.6
|
|
MTC
MMTec, Inc.
Software - Application
|
548.73M
|
30.7
Composite
|
$5.51
|
Health
45.0
|
|
BLZE
Backblaze, Inc.
Software - Infrastructure
|
531.72M
|
53.5
Composite
|
$8.59
|
Efficiency
62.1
|
|
Software - Application
|
531.13M
|
59.1
Composite
|
$1.69
|
Profitability
79.2
|
|
MTLS
Materialise NV
Software - Application
|
500.50M
|
52.0
Composite
|
$8.65
|
Profitability
59.9
|
|
Software - Application
|
452.96M
|
51.2
Composite
|
$4.51
|
Efficiency
71.9
|
|
IIIV
i3 Verticals, Inc.
Software - Infrastructure
|
449.58M
|
53.0
Composite
|
$17.08
|
Efficiency
70.3
|
|
ALLT
Allot Ltd.
Software - Infrastructure
|
443.95M
|
62.8
Composite
|
$8.99
|
Efficiency
70.2
|
|
Software - Application
|
426.17M
|
48.5
Composite
|
$8.39
|
Health
60.4
|
|
Software - Infrastructure
|
390.13M
|
51.0
Composite
|
$5.22
|
Efficiency
60.2
|
|
CINT
CI&T Inc
Software - Infrastructure
|
378.85M
|
51.6
Composite
|
$2.96
|
Profitability
59.7
|
|
RMNI
Rimini Street, Inc.
Software - Application
|
377.16M
|
50.2
Composite
|
$4.04
|
Valuation
60.1
|
|
CRNC
Cerence Inc.
Software - Application
|
376.32M
|
59.5
Composite
|
$8.32
|
Efficiency
76.9
|
|
API
Agora, Inc.
Software - Application
|
375.31M
|
48.9
Composite
|
$4.48
|
Profitability
57.0
|
|
Software - Infrastructure
|
361.44M
|
51.9
Composite
|
$4.21
|
Efficiency
67.5
|
|
Software - Infrastructure
|
349.30M
|
53.2
Composite
|
$4.12
|
Efficiency
55.7
|
|
ONTF
ON24, Inc.
Software - Application
|
348.25M
|
41.7
Composite
|
$8.10
|
Efficiency
59.0
|
|
AIOT
PowerFleet, Inc.
Software - Infrastructure
|
343.30M
|
45.3
Composite
|
$2.60
|
Profitability
54.5
|
|
Information Technology Services
|
328.94M
|
45.5
Composite
|
$2.51
|
Growth
58.0
|
|
LAW
CS Disco, Inc.
Software - Application
|
324.60M
|
40.8
Composite
|
$5.00
|
Efficiency
57.8
|
|
PERI
Perion Network Ltd
Internet Content & Information
|
320.30M
|
43.9
Composite
|
$8.60
|
Valuation
50.8
|
|
EGHT
8x8 Inc
Software - Application
|
317.76M
|
50.4
Composite
|
$2.20
|
Health
60.6
|
|
Information Technology Services
|
304.00M
|
51.7
Composite
|
$12.22
|
Efficiency
67.8
|
|
Internet Content & Information
|
298.75M
|
50.5
Composite
|
$8.31
|
Efficiency
81.4
|
|
Information Technology Services
|
294.84M
|
53.7
Composite
|
$6.09
|
Efficiency
66.2
|
|
PSFE
Paysafe Limited
Software - Infrastructure
|
290.32M
|
44.7
Composite
|
$5.56
|
Efficiency
53.8
|
|
Software - Infrastructure
|
276.74M
|
50.2
Composite
|
$9.16
|
Efficiency
66.0
|
|
TROO
TROOPS, Inc.
Software - Application
|
276.08M
|
41.6
Composite
|
$2.26
|
Valuation
58.0
|
|
TTGT
TechTarget, Inc.
Information Technology Services
|
274.50M
|
37.4
Composite
|
$3.80
|
Efficiency
73.2
|
|
BLND
Blend Labs, Inc.
Software - Application
|
274.36M
|
47.3
Composite
|
$1.16
|
Efficiency
66.0
|
|
TRVG
trivago N.V.
Internet Content & Information
|
270.94M
|
48.3
Composite
|
$3.84
|
Growth
57.8
|
|
ARQQ
Arqit Quantum Inc.
Software - Infrastructure
|
270.19M
|
34.8
Composite
|
$16.30
|
Growth
51.5
|
|
Information Technology Services
|
264.39M
|
25.6
Composite
|
$1.70
|
Efficiency
50.6
|
|
ANGI
Angi Inc.
Internet Content & Information
|
259.56M
|
31.8
Composite
|
$6.40
|
Efficiency
73.5
|
|
Software - Application
|
257.11M
|
44.6
Composite
|
$5.84
|
Growth
70.2
|
|
ZH
Zhihu Inc.
Internet Content & Information
|
256.37M
|
35.7
Composite
|
$3.36
|
Efficiency
45.9
|
|
CURR
Currenc Group Inc
Software - Application
|
254.88M
|
38.7
Composite
|
$2.27
|
Efficiency
55.2
|
|
XPER
Xperi Inc.
Software - Application
|
253.13M
|
49.0
Composite
|
$5.19
|
Profitability
57.8
|
|
SMRT
SmartRent, Inc.
Software - Application
|
245.26M
|
41.3
Composite
|
$1.28
|
Efficiency
53.4
|
|
XNET
Xunlei Limited
Software - Infrastructure
|
244.76M
|
44.0
Composite
|
$3.84
|
Growth
51.0
|
|
Software - Application
|
236.10M
|
48.0
Composite
|
$7.11
|
Profitability
53.1
|
|
Software - Infrastructure
|
232.46M
|
43.3
Composite
|
$8.45
|
Growth
52.6
|
|
EXFY
Expensify, Inc.
Software - Application
|
228.88M
|
45.8
Composite
|
$2.51
|
Efficiency
73.2
|
|
ALIT
Alight, Inc.
Software - Application
|
228.21M
|
49.1
Composite
|
$8.63
|
Health
57.0
|
|
BKKT
Bakkt Holdings, Inc.
Software - Infrastructure
|
215.88M
|
40.5
Composite
|
$4.79
|
Profitability
52.7
|
|
SVCO
Silvaco Group, Inc.
Software - Application
|
214.16M
|
48.7
Composite
|
$6.32
|
Growth
52.9
|
|
KLTR
Kaltura, Inc.
Software - Application
|
213.57M
|
44.8
Composite
|
$1.40
|
Valuation
51.7
|
|
ASUR
Asure Software Inc
Software - Application
|
211.40M
|
49.1
Composite
|
$7.32
|
Efficiency
60.8
|
|
PERF
Perfect Corp.
Software - Application
|
202.68M
|
54.7
Composite
|
$1.99
|
Efficiency
65.5
|
|
DHX
DHI Group, Inc.
Software - Application
|
202.40M
|
51.0
Composite
|
$4.66
|
Profitability
62.1
|
|
TSSI
TSS, Inc.
Information Technology Services
|
194.71M
|
46.9
Composite
|
$6.90
|
Efficiency
53.0
|
|
Information Technology Services
|
191.00M
|
26.8
Composite
|
$2.62
|
Efficiency
53.4
|
|
PDYN
Palladyne AI Corp.
Software - Infrastructure
|
190.94M
|
42.1
Composite
|
$3.87
|
Growth
62.0
|
|
Software - Application
|
184.43M
|
53.4
Composite
|
$5.86
|
Profitability
57.8
|
|
ZENA
ZenaTech, Inc.
Software - Infrastructure
|
181.27M
|
39.5
Composite
|
$0.90
|
Efficiency
47.7
|
|
DMRC
Digimarc Corporation
Information Technology Services
|
175.01M
|
31.0
Composite
|
$7.83
|
Efficiency
62.8
|
|
Software - Application
|
168.94M
|
33.9
Composite
|
$1.95
|
Growth
56.1
|
|
SSTK
Shutterstock, Inc.
Internet Content & Information
|
162.20M
|
28.8
Composite
|
$4.39
|
Efficiency
60.4
|
|
DOMO
Domo, Inc.
Software - Application
|
162.09M
|
37.8
Composite
|
$3.32
|
Efficiency
51.8
|
|
Software - Infrastructure
|
160.34M
|
31.7
Composite
|
$9.74
|
Efficiency
61.0
|
|
Software - Infrastructure
|
157.66M
|
32.7
Composite
|
$5.22
|
Efficiency
41.7
|
|
Software - Infrastructure
|
155.10M
|
48.0
Composite
|
$4.63
|
Profitability
57.3
|
|
EGAN
eGain Corporation
Software - Application
|
146.30M
|
53.5
Composite
|
$5.59
|
Efficiency
70.2
|
|
TRAK
ReposiTrak, Inc.
Software - Application
|
131.20M
|
59.8
Composite
|
$7.21
|
Profitability
70.9
|
|
DVLT
Datavault AI Inc.
Software - Infrastructure
|
126.30M
|
40.8
Composite
|
$0.13
|
Growth
68.3
|
|
TCX
Tucows Inc.
Software - Infrastructure
|
119.30M
|
37.6
Composite
|
$10.67
|
Efficiency
50.2
|
|
RYDE
Ryde Group Ltd.
Software - Application
|
112.08M
|
35.3
Composite
|
$0.62
|
Growth
58.9
|
|
Internet Content & Information
|
110.15M
|
45.2
Composite
|
$3.65
|
Health
50.2
|
|
SSTI
SoundThinking, Inc.
Software - Application
|
110.00M
|
38.0
Composite
|
$8.36
|
Efficiency
56.7
|
|
DAVA
Endava plc
Software - Infrastructure
|
108.33M
|
38.7
Composite
|
$2.05
|
Health
53.4
|
|
RDZN
Roadzen, Inc.
Software - Application
|
96.24M
|
35.7
Composite
|
$1.13
|
Growth
46.6
|
|
AEYE
AudioEye, Inc.
Software - Application
|
93.27M
|
47.1
Composite
|
$7.42
|
Health
56.7
|
|
Software - Application
|
92.00M
|
47.9
Composite
|
$7.70
|
Profitability
60.0
|
|
USIO
Usio, Inc.
Software - Infrastructure
|
88.30M
|
47.0
Composite
|
$3.10
|
Growth
61.9
|
|
BZFD
BuzzFeed, Inc.
Internet Content & Information
|
78.51M
|
35.8
Composite
|
$0.94
|
Efficiency
50.5
|
|
Software - Application
|
76.60M
|
37.6
Composite
|
$0.55
|
Efficiency
52.2
|
|
CMCM
Cheetah Mobile Inc.
Internet Content & Information
|
76.36M
|
35.6
Composite
|
$2.46
|
Efficiency
46.3
|
|
ALYAF
Alithya Group Inc.
Information Technology Services
|
74.51M
|
35.6
Composite
|
$0.82
|
Efficiency
47.4
|
|
Software - Infrastructure
|
74.39M
|
46.2
Composite
|
$2.16
|
Growth
70.6
|
|
TTEC
TTEC Holdings, Inc.
Information Technology Services
|
74.37M
|
36.2
Composite
|
$1.51
|
Health
55.9
|
|
CSPI
CSP Inc.
Information Technology Services
|
74.20M
|
35.4
Composite
|
$7.36
|
Health
44.6
|
|
NRDY
Nerdy Inc.
Software - Application
|
73.10M
|
39.4
Composite
|
$5.72
|
Health
47.0
|
|
Information Technology Services
|
72.10M
|
43.2
Composite
|
$7.21
|
Valuation
62.0
|
|
Software - Infrastructure
|
71.24M
|
41.1
Composite
|
$0.02
|
Valuation
100.0
|
|
BLBX
Blackboxstocks Inc.
Software - Application
|
69.00M
|
32.9
Composite
|
$8.86
|
Efficiency
63.8
|
|
JFIN
Jiayin Group Inc.
Internet Content & Information
|
68.55M
|
43.3
Composite
|
$1.31
|
Efficiency
51.1
|
|
Software - Application
|
66.20M
|
55.7
Composite
|
$1.97
|
Profitability
62.3
|
|
UPXI
Upexi, Inc.
Internet Content & Information
|
62.40M
|
29.1
Composite
|
$0.76
|
Efficiency
54.2
|
|
VERI
Veritone, Inc.
Software - Infrastructure
|
57.00M
|
34.5
Composite
|
$0.57
|
Efficiency
57.5
|
|
SAIH
SAIHEAT Limited
Information Technology Services
|
53.72M
|
22.4
Composite
|
$29.43
|
Efficiency
43.3
|
|
ARBE
Arbe Robotics Ltd.
Software - Infrastructure
|
53.47M
|
38.7
Composite
|
$0.42
|
Health
44.9
|
|
THRY
Thryv Holdings, Inc.
Internet Content & Information
|
52.88M
|
44.0
Composite
|
$1.19
|
Health
55.8
|
|
PODC
PodcastOne, Inc.
Internet Content & Information
|
51.43M
|
42.1
Composite
|
$1.70
|
Growth
50.9
|
|
Software - Application
|
50.06M
|
57.2
Composite
|
$2.47
|
Efficiency
76.5
|
|
SOGP
Sound Group Inc.
Internet Content & Information
|
48.67M
|
60.8
Composite
|
$11.62
|
Profitability
77.8
|
|
SCOR
comScore, Inc.
Internet Content & Information
|
47.83M
|
38.8
Composite
|
$3.15
|
Efficiency
46.8
|
|
CTM
Castellum, Inc.
Information Technology Services
|
47.50M
|
39.1
Composite
|
$0.50
|
Efficiency
68.6
|
|
LIDR
AEye, Inc.
Software - Infrastructure
|
46.20M
|
39.9
Composite
|
$0.99
|
Growth
53.4
|
|
Software - Infrastructure
|
44.98M
|
55.9
Composite
|
$7.60
|
Efficiency
71.9
|
|
Software - Infrastructure
|
44.00M
|
35.7
Composite
|
$10.43
|
Efficiency
52.8
|
|
Internet Content & Information
|
42.37M
|
36.7
Composite
|
$1.08
|
Profitability
52.0
|
|
IZEA
IZEA Worldwide, Inc.
Internet Content & Information
|
40.20M
|
41.6
Composite
|
$2.31
|
Efficiency
64.4
|
|
PHUN
Phunware, Inc.
Software - Application
|
39.39M
|
35.8
Composite
|
$1.93
|
Growth
41.1
|
|
Information Technology Services
|
37.80M
|
27.2
Composite
|
$0.64
|
Efficiency
63.9
|
|
Software - Infrastructure
|
37.14M
|
36.9
Composite
|
$4.96
|
Growth
51.4
|
|
SWVL
Swvl Holdings Corp
Software - Application
|
36.77M
|
41.8
Composite
|
$3.69
|
Profitability
58.1
|
|
ZDGE
Zedge, Inc.
Internet Content & Information
|
35.40M
|
53.7
Composite
|
$2.76
|
Efficiency
63.4
|
|
Software - Application
|
35.12M
|
45.3
Composite
|
$0.54
|
Efficiency
55.6
|
|
Software - Infrastructure
|
34.69M
|
41.6
Composite
|
$2.94
|
Growth
56.8
|
|
MAPS
WM Technology, Inc.
Software - Application
|
33.87M
|
51.8
Composite
|
$0.30
|
Efficiency
64.7
|
|
JDZG
JIADE LIMITED
Information Technology Services
|
33.62M
|
37.5
Composite
|
$6.19
|
Efficiency
56.2
|
|
REKR
Rekor Systems, Inc.
Software - Infrastructure
|
32.30M
|
41.0
Composite
|
$0.23
|
Health
49.2
|
|
Internet Content & Information
|
30.38M
|
45.1
Composite
|
$4.17
|
Profitability
53.4
|
|
VTSI
VirTra, Inc.
Software - Application
|
30.34M
|
38.6
Composite
|
$2.68
|
Efficiency
52.0
|
|
JFU
9F Inc.
Information Technology Services
|
29.67M
|
57.1
Composite
|
$2.52
|
Efficiency
76.1
|
|
CLPS
CLPS Incorporation
Information Technology Services
|
29.41M
|
34.3
Composite
|
$0.98
|
Health
45.2
|
|
Software - Application
|
29.20M
|
44.7
Composite
|
$2.16
|
Growth
58.3
|
|
MLGO
MicroAlgo, Inc.
Software - Infrastructure
|
27.35M
|
48.5
Composite
|
$2.50
|
Profitability
62.3
|
|
Software - Application
|
26.45M
|
45.7
Composite
|
$4.48
|
Growth
67.1
|
|
SEAT
Vivid Seats Inc.
Internet Content & Information
|
26.30M
|
37.1
Composite
|
$2.34
|
Profitability
45.1
|
|
Internet Content & Information
|
24.84M
|
35.7
Composite
|
$0.56
|
Profitability
40.9
|
|
Software - Infrastructure
|
23.82M
|
38.7
Composite
|
$0.16
|
Growth
56.1
|
|
NXPL
NextPlat Corp
Software - Application
|
23.00M
|
42.0
Composite
|
$8.46
|
Growth
60.5
|
|
Software - Application
|
22.16M
|
37.1
Composite
|
$1.70
|
Profitability
47.0
|
|
HKIT
Hitek Global Inc.
Software - Application
|
21.67M
|
49.3
Composite
|
$2.17
|
Profitability
54.5
|
|
LPSN
LivePerson, Inc.
Software - Application
|
20.83M
|
27.3
Composite
|
$3.10
|
Efficiency
50.1
|
|
Software - Application
|
20.42M
|
39.7
Composite
|
$1.31
|
Efficiency
69.4
|
|
Internet Content & Information
|
20.39M
|
40.0
Composite
|
$8.14
|
Efficiency
50.9
|
|
VEEA
Veea Inc.
Information Technology Services
|
18.91M
|
35.5
Composite
|
$6.08
|
Growth
55.4
|
|
INLX
Intellinetics, Inc.
Software - Application
|
18.43M
|
40.2
Composite
|
$4.10
|
Efficiency
55.0
|
|
MNDO
MIND C.T.I. Ltd.
Software - Application
|
18.30M
|
50.2
Composite
|
$0.90
|
Profitability
64.1
|
|
AWRE
Aware, Inc.
Software - Application
|
18.21M
|
35.3
Composite
|
$0.84
|
Efficiency
42.7
|
|
Internet Content & Information
|
16.69M
|
45.3
Composite
|
$1.39
|
Profitability
53.4
|
|
GIFT
Giftify, Inc.
Internet Content & Information
|
15.61M
|
39.0
Composite
|
$0.44
|
Growth
47.3
|
|
ELWS
Earlyworks Co., Ltd.
Software - Application
|
15.19M
|
29.0
Composite
|
$4.74
|
Efficiency
47.0
|
|
Software - Application
|
14.80M
|
32.2
Composite
|
$1.83
|
Efficiency
52.5
|
|
Software - Application
|
14.75M
|
37.4
Composite
|
$0.94
|
Growth
49.6
|
|
INTZ
Intrusion Inc.
Software - Infrastructure
|
14.03M
|
31.5
Composite
|
$0.57
|
Efficiency
54.3
|
|
IDAI
T Stamp Inc.
Software - Application
|
13.42M
|
33.1
Composite
|
$2.38
|
Growth
51.1
|
|
Software - Application
|
13.37M
|
32.6
Composite
|
$0.85
|
Health
46.2
|
|
Software - Application
|
13.10M
|
38.0
Composite
|
$2.35
|
Efficiency
63.1
|
|
Software - Infrastructure
|
12.66M
|
0.0
Composite
|
$0.60
|
No pillar score
-
|
|
ULY
Urgent.ly Inc.
Software - Application
|
12.07M
|
27.6
Composite
|
$5.50
|
Profitability
36.9
|
|
Software - Application
|
11.65M
|
35.4
Composite
|
$3.94
|
Efficiency
69.6
|
|
Internet Content & Information
|
11.33M
|
35.4
Composite
|
$5.67
|
Efficiency
48.3
|
|
NUKK
Nukkleus Inc.
Software - Application
|
11.10M
|
0.0
Composite
|
$0.67
|
No pillar score
-
|
|
NVNI
Nvni Group Limited
Software - Application
|
10.84M
|
34.6
Composite
|
$0.04
|
Efficiency
46.4
|
|
Software - Infrastructure
|
10.20M
|
49.3
Composite
|
$1.41
|
Profitability
61.5
|
|
PSQH
PSQ Holdings, Inc.
Software - Application
|
10.20M
|
39.1
Composite
|
$3.03
|
Health
58.3
|
|
HPAI
Helport AI Limited
Software - Infrastructure
|
10.08M
|
56.8
Composite
|
$0.27
|
Profitability
64.8
|
|
DTSS
Datasea Inc.
Software - Infrastructure
|
9.60M
|
36.8
Composite
|
$0.69
|
Growth
50.1
|
|
Software - Infrastructure
|
8.91M
|
40.7
Composite
|
$0.71
|
Efficiency
56.3
|
|
RVYL
Ryvyl Inc.
Software - Infrastructure
|
8.60M
|
32.1
Composite
|
$14.96
|
Efficiency
54.0
|
|
Software - Application
|
8.47M
|
27.9
Composite
|
$3.08
|
Profitability
33.5
|
|
Internet Content & Information
|
8.42M
|
36.0
Composite
|
$0.03
|
Health
49.6
|
|
Software - Application
|
8.40M
|
29.1
Composite
|
$1.27
|
Efficiency
46.5
|
|
CISO
CISO Global, Inc.
Software - Infrastructure
|
8.27M
|
37.1
Composite
|
$0.18
|
Growth
41.1
|
|
Information Technology Services
|
7.96M
|
33.1
Composite
|
$0.96
|
Efficiency
77.2
|
|
Software - Infrastructure
|
7.94M
|
40.3
Composite
|
$3.60
|
Growth
59.6
|
|
Software - Application
|
7.30M
|
49.1
Composite
|
$4.96
|
Efficiency
64.9
|
|
Information Technology Services
|
7.25M
|
37.8
Composite
|
$3.10
|
Efficiency
55.9
|
|
INUV
Inuvo, Inc.
Software - Application
|
7.00M
|
30.1
Composite
|
$0.42
|
Efficiency
51.1
|
|
Information Technology Services
|
6.99M
|
33.7
Composite
|
$3.96
|
Efficiency
47.5
|
|
Software - Infrastructure
|
6.77M
|
33.6
Composite
|
$0.28
|
Health
41.6
|
|
DATS
DatChat, Inc.
Software - Application
|
6.66M
|
0.0
Composite
|
$2.65
|
No pillar score
-
|
|
ZENV
Zenvia Inc.
Software - Application
|
6.58M
|
40.5
Composite
|
$0.10
|
Health
52.0
|
|
IFBD
Infobird Co., Ltd
Software - Application
|
6.31M
|
28.7
Composite
|
$0.77
|
Health
45.8
|
|
Software - Infrastructure
|
6.09M
|
35.5
Composite
|
$0.14
|
Growth
47.6
|
|
Software - Application
|
5.87M
|
37.3
Composite
|
$0.95
|
Profitability
49.6
|
|
Software - Application
|
5.84M
|
32.3
Composite
|
$1.00
|
Efficiency
56.9
|
|
Internet Content & Information
|
5.69M
|
33.7
Composite
|
$1.80
|
Efficiency
46.7
|
|
UBXG
U-BX Technology Ltd.
Software - Infrastructure
|
5.61M
|
40.6
Composite
|
$6.13
|
Growth
50.6
|
|
CYN
Cyngn Inc.
Software - Application
|
5.58M
|
39.0
Composite
|
$0.39
|
Growth
54.1
|
|
AUID
authID Inc.
Software - Infrastructure
|
5.44M
|
29.9
Composite
|
$0.33
|
Efficiency
40.1
|
|
AUUD
Auddia Inc.
Software - Application
|
5.44M
|
32.7
Composite
|
$0.94
|
Growth
52.5
|
|
Internet Content & Information
|
5.30M
|
31.1
Composite
|
$1.26
|
Efficiency
50.0
|
|
Software - Application
|
5.23M
|
33.0
Composite
|
$1.06
|
Valuation
43.1
|
|
Information Technology Services
|
4.78M
|
33.4
Composite
|
$2.61
|
Health
45.6
|
|
Software - Application
|
4.43M
|
32.0
Composite
|
$1.70
|
Health
42.2
|
|
CXAI
CXApp Inc.
Software - Application
|
4.11M
|
34.3
Composite
|
$1.76
|
Efficiency
47.4
|
|
AMST
Amesite Inc.
Software - Application
|
3.93M
|
30.3
Composite
|
$0.60
|
Efficiency
53.3
|
|
JTAI
Jet.AI Inc.
Software - Application
|
3.59M
|
38.8
Composite
|
$1.01
|
Growth
59.7
|
|
Software - Application
|
3.39M
|
38.3
Composite
|
$0.31
|
Efficiency
61.6
|
|
TAOP
Taoping Inc.
Software - Infrastructure
|
3.30M
|
31.3
Composite
|
$0.34
|
Health
43.8
|
|
CETX
Cemtrex Inc.
Software - Infrastructure
|
3.01M
|
36.5
Composite
|
$1.75
|
Health
43.3
|
|
Software - Application
|
2.68M
|
58.4
Composite
|
$0.73
|
Profitability
73.2
|
|
Information Technology Services
|
2.48M
|
32.3
Composite
|
$1.03
|
Growth
46.0
|
|
LCFY
Locafy Limited
Internet Content & Information
|
2.19M
|
38.0
Composite
|
$1.22
|
Efficiency
61.6
|
|
Software - Application
|
2.13M
|
32.5
Composite
|
$0.54
|
Efficiency
51.0
|
|
Software - Application
|
2.12M
|
36.6
Composite
|
$1.40
|
Efficiency
53.1
|
|
Software - Infrastructure
|
1.88M
|
33.7
Composite
|
$2.17
|
Efficiency
55.2
|
|
Software - Application
|
1.79M
|
30.9
Composite
|
$0.68
|
Efficiency
50.4
|
|
AIXI
XIAO-I Corporation
Software - Application
|
1.70M
|
27.7
Composite
|
$3.01
|
Efficiency
44.9
|
|
Software - Application
|
1.25M
|
33.5
Composite
|
$0.24
|
Efficiency
49.0
|
|
Internet Content & Information
|
1.18M
|
27.5
Composite
|
$0.48
|
Efficiency
53.7
|
|
ILLR
Triller Group Inc.
Software - Application
|
1.17M
|
29.6
Composite
|
$0.06
|
Efficiency
67.7
|
|
Software - Application
|
707,531
|
31.6
Composite
|
$0.01
|
Profitability
42.9
|
|
MYSZ
My Size, Inc.
Software - Application
|
700,000
|
32.4
Composite
|
$0.94
|
Efficiency
52.9
|
|
DGLY
Digital Ally, Inc.
Internet Content & Information
|
600,000
|
33.8
Composite
|
$0.92
|
Health
39.9
|
|
EPWK
EPWK Holdings Ltd.
Software - Application
|
568,698
|
28.9
Composite
|
$0.01
|
Growth
37.2
|
|
Software - Application
|
559,517
|
31.8
Composite
|
$1.00
|
Health
48.7
|
|
Software - Application
|
553,296
|
29.9
Composite
|
$0.00
|
Efficiency
38.8
|
|
Information Technology Services
|
506,417
|
25.3
Composite
|
$0.01
|
Efficiency
47.6
|
|
Software - Application
|
505,870
|
26.8
Composite
|
$0.59
|
Efficiency
57.2
|
|
LGCL
Lucas GC Limited
Software - Application
|
486,099
|
54.6
Composite
|
$1.42
|
Health
62.9
|
|
Software - Infrastructure
|
278,352
|
28.9
Composite
|
$0.15
|
Efficiency
47.4
|
|
Software - Application
|
20,000
|
36.8
Composite
|
$0.00
|
Valuation
53.3
|
|
Software - Infrastructure
|
15,218
|
27.1
Composite
|
$0.00
|
Valuation
43.6
|
|
SRAX
SRAX, Inc.
Software - Application
|
2,944
|
29.7
Composite
|
$0.00
|
Efficiency
37.2
|
|
Software - Infrastructure
|
141
|
37.8
Composite
|
$0.42
|
Valuation
100.0
|
|
Software - Application
|
-
|
27.9
Composite
|
-
|
Efficiency
50.8
|
|
Software - Infrastructure
|
-
|
32.7
Composite
|
$0.02
|
Valuation
100.0
|
|
Software - Application
|
-
|
30.9
Composite
|
$0.02
|
Valuation
100.0
|
|
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
ANSS
ANSYS, Inc.
Software - Application
|
-
|
59.1
Composite
|
-
|
Efficiency
75.9
|
|
Software - Infrastructure
|
-
|
34.5
Composite
|
-
|
Growth
50.1
|
|
Software - Infrastructure
|
-
|
34.8
Composite
|
$0.00
|
Growth
61.3
|
|
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
AUUDW
Auddia Inc.
Software - Application
|
-
|
28.3
Composite
|
$0.04
|
Efficiency
41.8
|
|
AUROW
Aurora Innovation, Inc.
Information Technology Services
|
-
|
31.9
Composite
|
$0.01
|
Valuation
82.5
|
|
AVPTW
AvePoint, Inc.
Software - Infrastructure
|
-
|
54.9
Composite
|
-
|
Profitability
66.4
|
|
Software - Infrastructure
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Software - Application
|
-
|
0.0
Composite
|
$0.31
|
No pillar score
-
|
|
Software - Application
|
-
|
34.2
Composite
|
$0.01
|
Valuation
100.0
|
|
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
BTCM
BIT Mining Limited
Information Technology Services
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
SQ
Block, Inc.
Software - Infrastructure
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Software - Application
|
-
|
37.0
Composite
|
-
|
Efficiency
55.3
|
|
Software - Infrastructure
|
-
|
36.6
Composite
|
$0.08
|
Growth
55.3
|
|
BCOV
Brightcove Inc.
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
BZFDW
BuzzFeed, Inc.
Internet Content & Information
|
-
|
36.9
Composite
|
$0.01
|
Efficiency
50.5
|
|
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Software - Infrastructure
|
-
|
40.4
Composite
|
$0.00
|
Growth
57.1
|
|
Internet Content & Information
|
-
|
44.9
Composite
|
$0.01
|
Efficiency
50.9
|
|
CORZW
Core Scientific, Inc.
Software - Infrastructure
|
-
|
38.1
Composite
|
$6.80
|
Valuation
64.2
|
|
Software - Infrastructure
|
-
|
39.4
Composite
|
$13.78
|
Valuation
64.2
|
|
CCRD
CoreCard Corporation
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
BASE
Couchbase, Inc.
Software - Infrastructure
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Software - Infrastructure
|
-
|
63.3
Composite
|
$408.85
|
Efficiency
74.8
|
|
Information Technology Services
|
-
|
36.8
Composite
|
$0.08
|
Efficiency
55.9
|
|
Software - Application
|
-
|
0.0
Composite
|
$0.17
|
No pillar score
-
|
|
DAVEW
Dave Inc. Warrants
Software - Application
|
-
|
61.2
Composite
|
$0.66
|
Efficiency
67.9
|
|
FAASW
DigiAsia Corp.
Software - Infrastructure
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
FAAS
DigiAsia Corp.
Software - Infrastructure
|
-
|
51.1
Composite
|
-
|
Valuation
100.0
|
|
Software - Application
|
-
|
28.2
Composite
|
-
|
Efficiency
56.4
|
|
ENFN
Enfusion, Inc.
Software - Application
|
-
|
55.5
Composite
|
-
|
Efficiency
67.7
|
|
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
FI
Fiserv, Inc.
Information Technology Services
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Software - Infrastructure
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Software - Infrastructure
|
-
|
47.9
Composite
|
$0.09
|
Valuation
100.0
|
|
Software - Application
|
-
|
56.5
Composite
|
$0.01
|
Growth
70.8
|
|
HCP
HashiCorp, Inc.
Software - Infrastructure
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Software - Infrastructure
|
-
|
56.9
Composite
|
$0.02
|
Profitability
65.6
|
|
Software - Infrastructure
|
-
|
33.7
Composite
|
$0.01
|
Valuation
64.1
|
|
INFA
Informatica Inc.
Software - Infrastructure
|
-
|
58.2
Composite
|
-
|
Efficiency
85.5
|
|
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
JAMF
Jamf Holding Corp.
Software - Application
|
-
|
0.0
Composite
|
$13.05
|
No pillar score
-
|
|
JNVR
Janover Inc.
Software - Infrastructure
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
YY
JOYY Inc.
Internet Content & Information
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
KPLTW
Katapult Holdings, Inc.
Software - Infrastructure
|
-
|
43.8
Composite
|
$0.00
|
Profitability
59.2
|
|
Software - Application
|
-
|
30.6
Composite
|
-
|
Health
37.1
|
|
LDTCW
LeddarTech Holdings Inc.
Software - Application
|
-
|
30.6
Composite
|
$0.00
|
Health
37.1
|
|
Internet Content & Information
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
LCFYW
Locafy Limited
Internet Content & Information
|
-
|
35.6
Composite
|
$8.90
|
Valuation
100.0
|
|
Software - Application
|
-
|
0.0
Composite
|
$14.29
|
No pillar score
-
|
|
Software - Application
|
-
|
0.0
Composite
|
$0.10
|
No pillar score
-
|
|
Software - Application
|
-
|
37.7
Composite
|
-
|
Health
55.4
|
|
MTTR
Matterport, Inc.
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
MLNK
MeridianLink, Inc.
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
MOGO
Mogo Inc.
Software - Infrastructure
|
-
|
0.0
Composite
|
$1.15
|
No pillar score
-
|
|
Internet Content & Information
|
-
|
38.9
Composite
|
$0.02
|
Valuation
51.3
|
|
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Software - Infrastructure
|
-
|
44.0
Composite
|
$0.02
|
Growth
69.2
|
|
Internet Content & Information
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
NNAVW
NextNav Inc. Warrant
Software - Infrastructure
|
-
|
43.0
Composite
|
$6.99
|
Valuation
100.0
|
|
NXPLW
NextPlat Corp
Software - Application
|
-
|
45.9
Composite
|
$0.04
|
Growth
58.3
|
|
NUKKW
Nukkleus Inc.
Software - Application
|
-
|
0.0
Composite
|
$0.12
|
No pillar score
-
|
|
Software - Application
|
-
|
35.8
Composite
|
$0.01
|
Efficiency
46.4
|
|
OBLG
Oblong Inc.
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
OLO
Olo Inc.
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Internet Content & Information
|
-
|
29.6
Composite
|
$0.01
|
Efficiency
53.7
|
|
Internet Content & Information
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Software - Infrastructure
|
-
|
56.4
Composite
|
$0.01
|
Health
62.8
|
|
PYCR
Paycor HCM, Inc.
Software - Application
|
-
|
0.0
Composite
|
$22.49
|
No pillar score
-
|
|
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Software - Infrastructure
|
-
|
44.0
Composite
|
$0.35
|
Valuation
100.0
|
|
RDZNW
Roadzen, Inc.
Software - Application
|
-
|
37.8
Composite
|
$0.06
|
Valuation
100.0
|
|
RUMBW
Rumble Inc.
Software - Application
|
-
|
40.3
Composite
|
$0.99
|
Growth
55.8
|
|
SAIHW
SAIHEAT Limited
Information Technology Services
|
-
|
21.6
Composite
|
$0.03
|
Valuation
59.3
|
|
Software - Application
|
-
|
51.0
Composite
|
-
|
Efficiency
65.1
|
|
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
SCWX
SecureWorks Corp.
Software - Infrastructure
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Software - Application
|
-
|
51.6
Composite
|
$0.01
|
Profitability
65.2
|
|
SMAR
Smartsheet Inc.
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Software - Infrastructure
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
SOUNW
SoundHound AI, Inc.
Software - Application
|
-
|
41.5
Composite
|
$0.35
|
Valuation
75.3
|
|
SBIGW
SpringBig Holdings, Inc.
Software - Application
|
-
|
33.8
Composite
|
-
|
Valuation
57.1
|
|
Internet Content & Information
|
-
|
30.3
Composite
|
$2.11
|
Efficiency
50.3
|
|
Software - Application
|
-
|
56.3
Composite
|
-
|
Growth
73.1
|
|
Software - Infrastructure
|
-
|
57.2
Composite
|
$9.00
|
Efficiency
70.4
|
|
TBLAW
Taboola.com Ltd. Warrant
Internet Content & Information
|
-
|
50.2
Composite
|
$0.01
|
Profitability
55.7
|
|
Software - Infrastructure
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
ILLRW
Triller Group Inc.
Software - Application
|
-
|
31.8
Composite
|
$0.03
|
Valuation
100.0
|
|
TRUE
TrueCar, Inc.
Internet Content & Information
|
-
|
48.1
Composite
|
$2.54
|
Efficiency
77.0
|
|
VEEAW
Veea Inc.
Information Technology Services
|
-
|
36.6
Composite
|
$0.05
|
Valuation
100.0
|
|
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
VRNT
Verint Systems Inc.
Software - Infrastructure
|
-
|
53.7
Composite
|
-
|
Efficiency
60.2
|
|
VSSYW
Versus Systems Inc.
Software - Application
|
-
|
40.3
Composite
|
$0.01
|
Valuation
100.0
|
|
VMEO
Vimeo, Inc.
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
SEATW
Vivid Seats Inc. Warrant
Internet Content & Information
|
-
|
39.4
Composite
|
$0.02
|
Profitability
47.6
|
|
PET
Wag! Group Co.
Software - Application
|
-
|
0.0
Composite
|
$0.05
|
No pillar score
-
|
|
PETWW
Wag! Group Co.
Software - Application
|
-
|
41.0
Composite
|
$0.00
|
Valuation
100.0
|
|
Information Technology Services
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Software - Infrastructure
|
-
|
47.4
Composite
|
$0.03
|
Valuation
100.0
|
|
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
Try a broader company name, ticker, sector, or industry keyword.
This framework combines industry-specific diagnostics, moat context, and peer benchmarks so each signal stays grounded in how this business model actually compounds.
We group software and SaaS businesses into a dedicated framework because their economics are asset-light, subscription-oriented, and often distorted by stock-based compensation, deferred revenue, and deliberate reinvestment. The money-flow layer follows revenue, gross profit, operating income, operating cash flow, free cash flow, and owner distributions while explicitly treating recurring-demand quality and cash conversion as first-class signals.
The trade-off and scoring layers reinforce that lens. Revenue growth, deferred revenue momentum, gross margin, Rule of 40, operating cash flow margin, and free-cash-flow margin matter more here than generic industrial return stacks alone. Safety also leans toward cash coverage and net debt posture rather than over-reading working-capital ratios that can be skewed by healthy deferred-revenue balances.
On the moat side, StatsAlpha(TM) looks for pricing power, recurring-revenue stickiness, innovation payoff, cash scalability, capital efficiency, and balance-sheet resilience. The goal is to separate durable software compounders from companies that are merely growing while the underlying economics weaken. This framework is for informational purposes only, not investment advice.
Each layer answers a different question: where value is created, what protects it, and how execution compares with the rest of the coverage set.
Benchmarks and narrative cues are meant to clarify what the framework is seeing in the data. They are not investment advice.
Coverage starts with the companies that actually operate inside this business model, so peer comparisons stay relevant instead of generic.
The Software & SaaS layer isolates the cash-flow mechanics, capital demands, and operating risk that matter most for this industry.
We then layer in Software & SaaS Specialized, pillar ranges, and peer leaders to show what strong execution looks like relative to the broader cohort.