Scaling without slippage
Revenue up 484.6% YoY while gross margin expanded +68.5pp TTM to 108.4%
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.
Revenue up 484.6% YoY while gross margin expanded +68.5pp TTM to 108.4%
Revenue up 858.4% YoY while gross margin expanded +232.1pp TTM to 314.1%
Revenue up 1913.1% YoY while gross margin expanded +147.6pp TTM to 197.5%
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 590 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 |
|---|---|---|---|---|
|
GOOGL
Alphabet Inc.
Internet Content & Information
|
4.35T
|
63.8
Composite
|
$354.30
|
Profitability
80.4
|
|
GOOG
Alphabet Inc.
Internet Content & Information
|
4.34T
|
65.2
Composite
|
$353.47
|
Profitability
80.2
|
|
Software - Infrastructure
|
2.86T
|
65.7
Composite
|
$499.99
|
Profitability
79.7
|
|
META
Meta Platforms, Inc.
Internet Content & Information
|
1.60T
|
69.9
Composite
|
$592.10
|
Profitability
83.2
|
|
ORCL
Oracle Corporation
Software - Infrastructure
|
415.42B
|
64.2
Composite
|
$147.02
|
Profitability
79.0
|
|
Software - Infrastructure
|
309.35B
|
76.2
Composite
|
$172.01
|
Valuation
85.3
|
|
Information Technology Services
|
277.55B
|
62.6
Composite
|
$237.28
|
Efficiency
80.0
|
|
Software - Infrastructure
|
275.72B
|
64.4
Composite
|
$363.86
|
Valuation
77.5
|
|
Software - Infrastructure
|
202.02B
|
67.8
Composite
|
$214.42
|
Valuation
85.1
|
|
SAP
SAP SE
Software - Application
|
184.29B
|
62.3
Composite
|
$206.16
|
Profitability
74.9
|
|
Software - Application
|
174.83B
|
74.3
Composite
|
$346.80
|
Profitability
84.9
|
|
SHOP
Shopify Inc.
Software - Application
|
160.24B
|
54.9
Composite
|
$151.57
|
Efficiency
67.6
|
|
Software - Application
|
151.35B
|
57.6
Composite
|
$75.02
|
Valuation
70.7
|
|
CRM
Salesforce, Inc.
Software - Application
|
133.09B
|
65.2
Composite
|
$192.74
|
Profitability
75.5
|
|
FTNT
Fortinet, Inc.
Software - Infrastructure
|
119.96B
|
69.9
Composite
|
$159.64
|
Valuation
82.5
|
|
NOW
ServiceNow, Inc.
Software - Application
|
112.25B
|
67.8
Composite
|
$124.88
|
Efficiency
82.5
|
|
Software - Application
|
106.45B
|
65.2
Composite
|
$339.24
|
Profitability
75.1
|
|
Internet Content & Information
|
99.77B
|
65.9
Composite
|
$488.14
|
Valuation
81.1
|
|
NET
Cloudflare, Inc.
Software - Infrastructure
|
97.49B
|
63.1
Composite
|
$300.27
|
Growth
73.8
|
|
Software - Application
|
96.45B
|
66.0
Composite
|
$271.32
|
Valuation
80.2
|
|
DDOG
Datadog, Inc.
Software - Application
|
95.75B
|
65.2
Composite
|
$233.93
|
Efficiency
75.3
|
|
ACN
Accenture plc
Information Technology Services
|
92.87B
|
63.4
Composite
|
$175.72
|
Valuation
74.2
|
|
SNOW
Snowflake Inc.
Software - Application
|
92.71B
|
47.2
Composite
|
$330.49
|
Efficiency
68.0
|
|
ADBE
Adobe Inc.
Software - Application
|
88.50B
|
69.7
Composite
|
$265.21
|
Profitability
79.8
|
|
SNPS
Synopsys, Inc.
Software - Infrastructure
|
84.90B
|
64.7
Composite
|
$415.99
|
Efficiency
74.5
|
|
DASH
DoorDash, Inc.
Internet Content & Information
|
83.81B
|
62.3
Composite
|
$216.26
|
Valuation
79.0
|
|
INTU
Intuit Inc.
Software - Application
|
74.78B
|
66.4
Composite
|
$325.25
|
Profitability
80.2
|
|
NBIS
Nebius Group N.V.
Internet Content & Information
|
55.36B
|
63.2
Composite
|
$187.97
|
Growth
71.1
|
|
XYZ
Block, Inc.
Software - Infrastructure
|
46.51B
|
48.8
Composite
|
$79.00
|
Efficiency
60.0
|
|
INFY
Infosys Limited
Information Technology Services
|
44.55B
|
61.8
Composite
|
$12.53
|
Profitability
78.3
|
|
ADSK
Autodesk, Inc.
Software - Application
|
44.01B
|
72.7
Composite
|
$249.08
|
Profitability
79.2
|
|
BIDU
Baidu, Inc.
Internet Content & Information
|
39.97B
|
53.1
Composite
|
$109.71
|
Valuation
64.4
|
|
RDDT
Reddit, Inc.
Internet Content & Information
|
38.56B
|
73.5
Composite
|
$161.70
|
Valuation
81.6
|
|
PAYX
Paychex, Inc.
Software - Application
|
38.07B
|
69.3
Composite
|
$120.04
|
Profitability
78.9
|
|
Software - Application
|
35.81B
|
64.6
Composite
|
$402.25
|
Profitability
76.1
|
|
WDAY
Workday, Inc.
Software - Application
|
34.17B
|
66.7
Composite
|
$179.64
|
Valuation
78.5
|
|
TWLO
Twilio Inc.
Software - Infrastructure
|
33.18B
|
57.2
Composite
|
$241.28
|
Valuation
64.7
|
|
Software - Application
|
33.01B
|
31.5
Composite
|
$100.01
|
Valuation
39.5
|
|
Software - Application
|
29.67B
|
65.1
Composite
|
$1,041.40
|
Profitability
77.9
|
|
MDB
MongoDB, Inc.
Software - Infrastructure
|
29.19B
|
60.8
Composite
|
$398.80
|
Efficiency
78.7
|
|
Software - Infrastructure
|
28.06B
|
63.6
Composite
|
$75.25
|
Growth
71.6
|
|
Software - Application
|
26.36B
|
66.1
Composite
|
$104.50
|
Valuation
79.4
|
|
OKTA
Okta, Inc.
Software - Infrastructure
|
25.87B
|
65.1
Composite
|
$148.32
|
Efficiency
79.7
|
|
VRSN
VeriSign, Inc.
Software - Infrastructure
|
24.57B
|
61.3
Composite
|
$294.56
|
Valuation
75.3
|
|
FFIV
F5, Inc.
Software - Infrastructure
|
24.28B
|
67.6
Composite
|
$400.23
|
Profitability
75.0
|
|
Software - Infrastructure
|
23.79B
|
62.7
Composite
|
$168.68
|
Valuation
79.0
|
|
Software - Application
|
23.02B
|
56.8
Composite
|
$149.07
|
Efficiency
89.1
|
|
CPAY
Corpay, Inc.
Software - Infrastructure
|
22.95B
|
63.0
Composite
|
$392.94
|
Profitability
74.0
|
|
Information Technology Services
|
21.51B
|
60.1
Composite
|
$42.77
|
Growth
79.8
|
|
IOT
Samsara Inc.
Software - Infrastructure
|
21.23B
|
65.8
Composite
|
$40.88
|
Valuation
80.0
|
|
Information Technology Services
|
20.57B
|
58.1
Composite
|
$57.67
|
Valuation
72.2
|
|
WIT
Wipro Limited
Information Technology Services
|
19.19B
|
59.5
Composite
|
$2.02
|
Profitability
74.8
|
|
Software - Infrastructure
|
18.83B
|
60.5
Composite
|
$110.54
|
Profitability
66.6
|
|
RBRK
Rubrik, Inc.
Software - Infrastructure
|
18.27B
|
53.0
Composite
|
$90.07
|
Growth
75.4
|
|
CDW
CDW Corporation
Information Technology Services
|
17.91B
|
55.0
Composite
|
$135.81
|
Valuation
76.6
|
|
Information Technology Services
|
17.04B
|
60.9
Composite
|
$166.50
|
Valuation
78.3
|
|
TOST
Toast, Inc.
Software - Infrastructure
|
16.72B
|
59.4
Composite
|
$34.48
|
Valuation
78.1
|
|
Software - Infrastructure
|
16.62B
|
56.0
Composite
|
$90.30
|
Profitability
74.2
|
|
Software - Application
|
15.87B
|
54.7
Composite
|
$3.66
|
Profitability
65.2
|
|
Software - Application
|
15.76B
|
59.9
Composite
|
$79.23
|
Valuation
73.8
|
|
GEN
Gen Digital Inc.
Software - Infrastructure
|
15.66B
|
64.0
Composite
|
$29.17
|
Profitability
79.0
|
|
NTNX
Nutanix, Inc.
Software - Infrastructure
|
15.01B
|
61.1
Composite
|
$62.67
|
Efficiency
79.5
|
|
Software - Infrastructure
|
14.70B
|
58.2
Composite
|
$124.15
|
Profitability
62.9
|
|
Software - Infrastructure
|
14.37B
|
70.2
Composite
|
$127.82
|
Valuation
78.3
|
|
GIB
CGI Inc.
Information Technology Services
|
14.30B
|
54.3
Composite
|
$74.74
|
Efficiency
68.3
|
|
PTC
PTC Inc.
Software - Application
|
14.16B
|
68.7
Composite
|
$147.71
|
Profitability
80.9
|
|
Internet Content & Information
|
13.93B
|
59.9
Composite
|
$9.53
|
Profitability
73.9
|
|
Software - Application
|
13.41B
|
43.6
Composite
|
$43.00
|
Efficiency
60.8
|
|
Information Technology Services
|
13.41B
|
53.5
Composite
|
$137.57
|
Valuation
70.0
|
|
Software - Application
|
13.18B
|
64.5
Composite
|
$48.97
|
Efficiency
79.2
|
|
Software - Application
|
13.11B
|
61.0
Composite
|
$312.45
|
Profitability
68.6
|
|
PINS
Pinterest, Inc.
Internet Content & Information
|
12.72B
|
53.7
Composite
|
$23.68
|
Efficiency
87.5
|
|
Information Technology Services
|
12.32B
|
25.9
Composite
|
$7.06
|
Efficiency
33.8
|
|
GDDY
GoDaddy Inc.
Software - Infrastructure
|
11.63B
|
63.8
Composite
|
$91.07
|
Profitability
74.1
|
|
FROG
JFrog Ltd.
Software - Application
|
11.57B
|
58.0
Composite
|
$89.52
|
Efficiency
73.0
|
|
Software - Application
|
11.24B
|
61.4
Composite
|
$170.53
|
Valuation
81.9
|
|
DAY
Dayforce, Inc.
Software - Application
|
11.18B
|
41.9
Composite
|
$69.86
|
Valuation
56.9
|
|
CFLT
Confluent, Inc.
Software - Infrastructure
|
11.08B
|
45.7
Composite
|
$30.99
|
Growth
60.7
|
|
Information Technology Services
|
10.91B
|
57.0
Composite
|
$644.43
|
Growth
72.5
|
|
QXO
QXO, Inc.
Software - Application
|
10.57B
|
46.8
Composite
|
$16.16
|
Growth
56.8
|
|
HUBS
HubSpot, Inc.
Software - Application
|
10.55B
|
63.1
Composite
|
$210.45
|
Efficiency
73.6
|
|
Information Technology Services
|
10.37B
|
61.3
Composite
|
$155.95
|
Valuation
76.5
|
|
Software - Application
|
9.90B
|
64.0
Composite
|
$35.21
|
Valuation
75.3
|
|
Information Technology Services
|
9.23B
|
36.9
Composite
|
$29.22
|
Growth
48.6
|
|
MTCH
Match Group, Inc.
Internet Content & Information
|
9.17B
|
55.7
Composite
|
$37.26
|
Valuation
71.3
|
|
Software - Application
|
9.16B
|
64.1
Composite
|
$195.23
|
Valuation
85.7
|
|
Software - Application
|
8.96B
|
63.9
Composite
|
$13.80
|
Efficiency
79.3
|
|
DOCU
DocuSign, Inc.
Software - Application
|
8.95B
|
63.0
Composite
|
$60.26
|
Efficiency
76.3
|
|
Software - Application
|
8.90B
|
67.9
Composite
|
$9.63
|
Profitability
79.0
|
|
Information Technology Services
|
8.88B
|
66.4
Composite
|
$185.60
|
Efficiency
88.1
|
|
SAIL
SailPoint, Inc.
Software - Infrastructure
|
8.42B
|
49.2
Composite
|
$18.66
|
Efficiency
66.9
|
|
Internet Content & Information
|
7.88B
|
58.8
Composite
|
$33.61
|
Efficiency
77.8
|
|
SNAP
Snap Inc.
Internet Content & Information
|
7.79B
|
51.4
Composite
|
$5.33
|
Efficiency
77.7
|
|
TTAN
ServiceTitan, Inc.
Software - Application
|
7.58B
|
49.8
Composite
|
$85.83
|
Growth
63.9
|
|
Software - Infrastructure
|
7.55B
|
32.9
Composite
|
$21.01
|
Efficiency
46.9
|
|
Software - Application
|
7.50B
|
66.5
Composite
|
$51.29
|
Efficiency
77.0
|
|
Internet Content & Information
|
7.35B
|
58.9
Composite
|
$33.95
|
Efficiency
77.8
|
|
Software - Application
|
7.33B
|
63.4
Composite
|
$24.56
|
Growth
71.6
|
|
IDCC
InterDigital, Inc.
Software - Application
|
6.88B
|
64.3
Composite
|
$344.56
|
Valuation
76.5
|
|
DBX
Dropbox, Inc.
Software - Infrastructure
|
6.86B
|
57.0
Composite
|
$34.81
|
Efficiency
75.7
|
|
Information Technology Services
|
6.73B
|
38.9
Composite
|
$28.40
|
Valuation
50.3
|
|
Software - Infrastructure
|
6.70B
|
59.7
Composite
|
$8.98
|
Valuation
79.8
|
|
Software - Application
|
6.65B
|
62.3
Composite
|
$214.94
|
Profitability
79.8
|
|
Software - Application
|
6.62B
|
58.4
Composite
|
$57.06
|
Valuation
77.6
|
|
Information Technology Services
|
6.57B
|
53.4
Composite
|
$31.98
|
Growth
70.2
|
|
Software - Infrastructure
|
6.47B
|
49.3
Composite
|
$21.40
|
Efficiency
64.2
|
|
ESTC
Elastic N.V.
Software - Application
|
6.45B
|
65.5
Composite
|
$75.11
|
Growth
79.1
|
|
Internet Content & Information
|
6.38B
|
64.0
Composite
|
$16.47
|
Profitability
81.6
|
|
Software - Application
|
6.27B
|
62.4
Composite
|
$135.27
|
Profitability
70.5
|
|
Software - Application
|
6.24B
|
64.5
Composite
|
$150.42
|
Profitability
78.1
|
|
APPF
AppFolio, Inc.
Software - Application
|
6.20B
|
63.9
Composite
|
$198.74
|
Valuation
80.8
|
|
Software - Application
|
6.17B
|
67.8
Composite
|
$79.57
|
Valuation
78.7
|
|
DUOL
Duolingo, Inc.
Software - Application
|
6.05B
|
66.3
Composite
|
$130.90
|
Efficiency
80.2
|
|
Information Technology Services
|
5.98B
|
45.7
Composite
|
$47.55
|
Valuation
52.2
|
|
PATH
UiPath, Inc.
Software - Infrastructure
|
5.92B
|
63.0
Composite
|
$15.05
|
Efficiency
82.2
|
|
NICE
NICE Ltd
Software - Application
|
5.91B
|
57.9
Composite
|
$101.85
|
Profitability
68.2
|
|
LYFT
Lyft, Inc.
Software - Application
|
5.76B
|
54.1
Composite
|
$17.46
|
Growth
60.4
|
|
ACIW
ACI Worldwide, Inc.
Software - Infrastructure
|
5.73B
|
55.7
Composite
|
$53.67
|
Valuation
68.8
|
|
GTLB
GitLab Inc.
Software - Infrastructure
|
5.72B
|
59.2
Composite
|
$38.97
|
Efficiency
89.0
|
|
Software - Application
|
5.57B
|
60.6
Composite
|
$24.94
|
Profitability
70.8
|
|
DOX
Amdocs Limited
Software - Infrastructure
|
5.52B
|
60.6
Composite
|
$58.55
|
Valuation
73.3
|
|
Software - Infrastructure
|
5.46B
|
58.7
Composite
|
$26.64
|
Growth
70.2
|
|
QLYS
Qualys, Inc.
Software - Infrastructure
|
5.41B
|
67.0
Composite
|
$183.48
|
Valuation
79.0
|
|
WEX
WEX Inc.
Software - Infrastructure
|
5.33B
|
48.7
Composite
|
$185.22
|
Profitability
63.9
|
|
PEGA
Pegasystems Inc.
Software - Application
|
5.27B
|
61.7
Composite
|
$32.74
|
Efficiency
84.8
|
|
Software - Infrastructure
|
5.26B
|
52.4
Composite
|
$43.52
|
Efficiency
88.2
|
|
Software - Infrastructure
|
5.14B
|
62.3
Composite
|
$16.62
|
Valuation
72.4
|
|
Information Technology Services
|
5.02B
|
51.9
Composite
|
$34.29
|
Valuation
57.4
|
|
RELY
Remitly Global, Inc.
Software - Infrastructure
|
4.96B
|
59.4
Composite
|
$24.42
|
Profitability
62.7
|
|
DAVE
Dave Inc.
Software - Application
|
4.96B
|
74.8
Composite
|
$317.93
|
Growth
85.5
|
|
Software - Application
|
4.91B
|
53.3
Composite
|
$9.46
|
Growth
63.7
|
|
SRAD
Sportradar Group AG
Software - Application
|
4.81B
|
58.2
Composite
|
$13.02
|
Valuation
75.1
|
|
Information Technology Services
|
4.79B
|
53.3
Composite
|
$126.54
|
Valuation
67.1
|
|
Software - Infrastructure
|
4.56B
|
59.5
Composite
|
$36.38
|
Efficiency
79.5
|
|
EPAM
EPAM Systems, Inc.
Information Technology Services
|
4.56B
|
48.1
Composite
|
$97.43
|
Health
58.4
|
|
Software - Infrastructure
|
4.56B
|
48.9
Composite
|
$24.00
|
Efficiency
83.5
|
|
LIF
Life360, Inc.
Software - Application
|
4.37B
|
63.0
Composite
|
$63.20
|
Efficiency
75.0
|
|
DLO
DLocal Limited
Software - Infrastructure
|
4.28B
|
59.4
Composite
|
$14.40
|
Profitability
67.5
|
|
Information Technology Services
|
4.22B
|
54.0
Composite
|
$34.89
|
Valuation
64.9
|
|
Information Technology Services
|
4.17B
|
52.7
Composite
|
$58.43
|
Valuation
66.5
|
|
BILL
BILL Holdings, Inc.
Software - Application
|
4.04B
|
60.0
Composite
|
$47.99
|
Efficiency
71.5
|
|
CLBT
Cellebrite DI Ltd.
Software - Infrastructure
|
4.02B
|
58.9
Composite
|
$16.01
|
Profitability
64.3
|
|
BOX
Box, Inc.
Software - Infrastructure
|
3.99B
|
63.8
Composite
|
$33.24
|
Efficiency
81.5
|
|
Software - Infrastructure
|
3.91B
|
57.6
Composite
|
$41.26
|
Valuation
63.3
|
|
MNDY
monday.com Ltd.
Software - Application
|
3.67B
|
65.1
Composite
|
$93.13
|
Efficiency
77.6
|
|
Software - Infrastructure
|
3.52B
|
55.2
Composite
|
$38.57
|
Valuation
59.8
|
|
Software - Application
|
3.49B
|
37.3
Composite
|
$10.88
|
Health
46.5
|
|
IAC
IAC Inc.
Internet Content & Information
|
3.42B
|
41.8
Composite
|
$44.53
|
Health
48.6
|
|
Software - Application
|
3.31B
|
57.2
Composite
|
$63.01
|
Efficiency
72.4
|
|
Software - Application
|
3.30B
|
51.9
Composite
|
$46.58
|
Profitability
58.5
|
|
Software - Infrastructure
|
3.28B
|
74.1
Composite
|
$27.39
|
Profitability
85.0
|
|
ADEA
Adeia Inc.
Software - Application
|
3.26B
|
64.5
Composite
|
$28.21
|
Valuation
76.4
|
|
QTWO
Q2 Holdings, Inc.
Software - Application
|
3.23B
|
64.2
Composite
|
$62.81
|
Valuation
78.9
|
|
Software - Infrastructure
|
3.21B
|
67.0
Composite
|
$38.44
|
Efficiency
75.8
|
|
FSLY
Fastly, Inc.
Software - Application
|
3.18B
|
52.5
Composite
|
$22.96
|
Growth
55.7
|
|
Software - Application
|
3.16B
|
53.6
Composite
|
$12.33
|
Profitability
62.4
|
|
AGYS
Agilysys, Inc.
Software - Application
|
3.07B
|
63.9
Composite
|
$108.58
|
Profitability
68.7
|
|
WK
Workiva Inc.
Software - Application
|
2.94B
|
59.2
Composite
|
$65.14
|
Valuation
75.1
|
|
Software - Infrastructure
|
2.92B
|
53.4
Composite
|
$72.08
|
Health
60.0
|
|
PONY
Pony AI Inc.
Information Technology Services
|
2.92B
|
31.1
Composite
|
$8.15
|
Growth
50.8
|
|
SOUN
SoundHound AI, Inc.
Software - Application
|
2.89B
|
37.3
Composite
|
$8.02
|
Growth
46.9
|
|
FRSH
Freshworks Inc.
Software - Application
|
2.87B
|
56.5
Composite
|
$11.84
|
Efficiency
69.2
|
|
Software - Application
|
2.87B
|
53.7
Composite
|
$75.38
|
Valuation
70.8
|
|
GRND
Grindr Inc.
Software - Application
|
2.84B
|
63.2
Composite
|
$16.58
|
Profitability
71.0
|
|
BRZE
Braze, Inc.
Software - Application
|
2.80B
|
53.9
Composite
|
$26.54
|
Efficiency
73.8
|
|
Software - Infrastructure
|
2.75B
|
59.1
Composite
|
$9.14
|
Profitability
71.4
|
|
ATEN
A10 Networks, Inc.
Software - Infrastructure
|
2.74B
|
57.6
Composite
|
$26.84
|
Valuation
73.4
|
|
STNE
StoneCo Ltd.
Software - Infrastructure
|
2.67B
|
65.0
Composite
|
$10.60
|
Growth
78.6
|
|
Information Technology Services
|
2.66B
|
49.4
Composite
|
$14.02
|
Profitability
53.1
|
|
AVPT
AvePoint, Inc.
Software - Infrastructure
|
2.65B
|
62.0
Composite
|
$12.79
|
Efficiency
74.1
|
|
NYAX
Nayax Ltd.
Information Technology Services
|
2.58B
|
48.8
Composite
|
$69.06
|
Valuation
61.0
|
|
Software - Application
|
2.56B
|
57.0
Composite
|
$57.53
|
Valuation
64.8
|
|
RUM
Rumble Inc.
Software - Application
|
2.55B
|
35.3
Composite
|
$6.38
|
Health
46.0
|
|
CALX
Calix, Inc
Software - Infrastructure
|
2.53B
|
58.2
Composite
|
$37.98
|
Valuation
74.6
|
|
BAND
Bandwidth Inc.
Software - Infrastructure
|
2.51B
|
53.1
Composite
|
$49.96
|
Valuation
57.6
|
|
PAYO
Payoneer Global Inc.
Software - Infrastructure
|
2.37B
|
58.8
Composite
|
$7.10
|
Efficiency
75.8
|
|
ATHM
Autohome Inc.
Internet Content & Information
|
2.37B
|
56.2
Composite
|
$22.72
|
Profitability
68.2
|
|
Internet Content & Information
|
2.37B
|
42.9
Composite
|
$10.21
|
Efficiency
80.0
|
|
NN
NextNav Inc.
Software - Infrastructure
|
2.30B
|
35.3
Composite
|
$16.31
|
Growth
47.3
|
|
Software - Infrastructure
|
2.30B
|
56.0
Composite
|
$80.69
|
Valuation
61.4
|
|
Software - Infrastructure
|
2.29B
|
64.0
Composite
|
$37.81
|
Profitability
71.0
|
|
VNET
VNET Group, Inc.
Information Technology Services
|
2.28B
|
43.1
Composite
|
$7.33
|
Profitability
48.4
|
|
PLUS
ePlus inc.
Software - Application
|
2.28B
|
53.3
Composite
|
$89.58
|
Profitability
63.6
|
|
INOD
Innodata Inc.
Information Technology Services
|
2.26B
|
70.7
Composite
|
$62.33
|
Valuation
83.3
|
|
SPSC
SPS Commerce, Inc.
Software - Application
|
2.23B
|
62.2
Composite
|
$73.38
|
Valuation
75.1
|
|
Software - Infrastructure
|
2.19B
|
55.7
Composite
|
$17.78
|
Health
63.5
|
|
INTA
Intapp, Inc.
Software - Application
|
2.13B
|
50.5
Composite
|
$37.73
|
Efficiency
84.2
|
|
PDFS
PDF Solutions, Inc.
Software - Application
|
2.09B
|
56.2
Composite
|
$49.45
|
Valuation
73.3
|
|
WIX
Wix.com Ltd.
Software - Infrastructure
|
2.06B
|
50.9
Composite
|
$60.20
|
Efficiency
79.1
|
|
VERX
Vertex, Inc.
Software - Application
|
2.05B
|
53.8
Composite
|
$11.94
|
Valuation
62.5
|
|
FIVN
Five9, Inc.
Software - Infrastructure
|
1.91B
|
60.8
Composite
|
$33.99
|
Valuation
72.9
|
|
Software - Application
|
1.90B
|
48.9
Composite
|
$19.73
|
Health
58.2
|
|
NCNO
nCino, Inc.
Software - Application
|
1.86B
|
61.6
Composite
|
$19.17
|
Valuation
76.8
|
|
Internet Content & Information
|
1.83B
|
62.6
Composite
|
$7.94
|
Valuation
70.1
|
|
WRD
WERIDE INC.
Software - Application
|
1.83B
|
33.6
Composite
|
$6.30
|
Efficiency
55.4
|
|
EVCM
EverCommerce Inc.
Software - Infrastructure
|
1.80B
|
59.3
Composite
|
$10.92
|
Efficiency
67.7
|
|
Software - Application
|
1.80B
|
50.6
Composite
|
$12.00
|
Efficiency
73.3
|
|
Software - Application
|
1.80B
|
55.4
Composite
|
$13.21
|
Valuation
61.1
|
|
KARO
Karooooo Ltd.
Software - Application
|
1.79B
|
64.3
Composite
|
$64.81
|
Profitability
82.2
|
|
APPN
Appian Corporation
Software - Infrastructure
|
1.78B
|
53.1
Composite
|
$34.64
|
Efficiency
76.3
|
|
EVTC
Evertec, Inc.
Software - Infrastructure
|
1.78B
|
56.3
Composite
|
$29.85
|
Valuation
63.2
|
|
OPRA
Opera Limited
Internet Content & Information
|
1.73B
|
61.8
Composite
|
$19.96
|
Growth
64.3
|
|
ASAN
Asana, Inc.
Software - Application
|
1.70B
|
49.5
Composite
|
$9.26
|
Efficiency
67.7
|
|
Information Technology Services
|
1.68B
|
58.5
Composite
|
$108.75
|
Growth
72.4
|
|
Software - Application
|
1.67B
|
61.8
Composite
|
$29.55
|
Valuation
75.7
|
|
PRCH
Porch Group, Inc.
Software - Application
|
1.66B
|
46.5
Composite
|
$15.85
|
Efficiency
62.2
|
|
Internet Content & Information
|
1.65B
|
32.5
Composite
|
$7.59
|
Profitability
38.9
|
|
Software - Infrastructure
|
1.64B
|
55.6
Composite
|
$15.96
|
Valuation
63.9
|
|
BBAI
BigBear.ai, Inc.
Information Technology Services
|
1.59B
|
33.3
Composite
|
$3.27
|
Growth
60.7
|
|
Software - Infrastructure
|
1.55B
|
60.5
Composite
|
$42.84
|
Efficiency
76.2
|
|
Internet Content & Information
|
1.54B
|
41.5
Composite
|
$8.93
|
Profitability
50.1
|
|
TBLA
Taboola.com Ltd.
Internet Content & Information
|
1.53B
|
57.8
Composite
|
$4.10
|
Profitability
61.2
|
|
Software - Infrastructure
|
1.50B
|
33.4
Composite
|
$26.62
|
Growth
41.9
|
|
Information Technology Services
|
1.50B
|
43.3
Composite
|
$10.84
|
Efficiency
53.1
|
|
Software - Application
|
1.49B
|
41.6
Composite
|
$22.21
|
Growth
58.4
|
|
Software - Infrastructure
|
1.48B
|
52.8
Composite
|
$21.28
|
Profitability
58.5
|
|
Internet Content & Information
|
1.45B
|
44.5
Composite
|
$3.80
|
Efficiency
80.0
|
|
CLVT
Clarivate Plc
Information Technology Services
|
1.41B
|
48.3
Composite
|
$1.82
|
Efficiency
86.8
|
|
YELP
Yelp Inc.
Internet Content & Information
|
1.41B
|
56.8
Composite
|
$25.56
|
Efficiency
79.0
|
|
AI
C3.ai, Inc.
Software - Application
|
1.40B
|
29.7
Composite
|
$10.22
|
Efficiency
49.7
|
|
Software - Application
|
1.39B
|
46.1
Composite
|
$10.46
|
Growth
53.0
|
|
Software - Application
|
1.35B
|
52.6
Composite
|
$14.34
|
Health
58.4
|
|
RDWR
Radware Ltd.
Software - Infrastructure
|
1.35B
|
56.6
Composite
|
$28.30
|
Efficiency
80.7
|
|
GLOB
Globant S.A.
Information Technology Services
|
1.35B
|
51.3
Composite
|
$37.40
|
Efficiency
55.8
|
|
BLKB
Blackbaud, Inc.
Software - Application
|
1.31B
|
58.0
Composite
|
$45.87
|
Profitability
65.0
|
|
Information Technology Services
|
1.30B
|
38.0
Composite
|
$25.72
|
Valuation
44.4
|
|
CXM
Sprinklr, Inc.
Software - Application
|
1.29B
|
55.8
Composite
|
$6.86
|
Efficiency
81.5
|
|
Software - Infrastructure
|
1.28B
|
52.3
Composite
|
$53.25
|
Profitability
61.2
|
|
AMPL
Amplitude, Inc.
Software - Application
|
1.24B
|
44.7
Composite
|
$11.26
|
Efficiency
54.0
|
|
UPBD
Upbound Group, Inc.
Software - Application
|
1.18B
|
58.5
Composite
|
$19.83
|
Profitability
70.7
|
|
Software - Application
|
1.12B
|
53.0
Composite
|
$47.38
|
Profitability
65.4
|
|
TUYA
Tuya Inc.
Software - Infrastructure
|
1.12B
|
60.5
Composite
|
$1.80
|
Profitability
63.9
|
|
Information Technology Services
|
1.10B
|
38.8
Composite
|
$8.25
|
Valuation
55.9
|
|
Software - Infrastructure
|
1.09B
|
42.5
Composite
|
$4.90
|
Profitability
54.5
|
|
UPWK
Upwork Inc.
Internet Content & Information
|
1.07B
|
58.9
Composite
|
$9.67
|
Valuation
72.1
|
|
BLZE
Backblaze, Inc.
Software - Infrastructure
|
1.07B
|
51.4
Composite
|
$18.82
|
Valuation
57.4
|
|
RZLV
Rezolve AI Limited
Software - Infrastructure
|
1.04B
|
30.9
Composite
|
$2.73
|
Valuation
44.1
|
|
GRPN
Groupon, Inc.
Internet Content & Information
|
1.01B
|
38.8
Composite
|
$25.03
|
Efficiency
59.1
|
|
ODD
ODDITY Tech Ltd.
Software - Infrastructure
|
981.86M
|
43.5
Composite
|
$14.12
|
Health
59.5
|
|
MOMO
Hello Group Inc.
Internet Content & Information
|
950.80M
|
53.8
Composite
|
$5.86
|
Profitability
69.7
|
|
RDVT
Red Violet, Inc.
Software - Application
|
947.27M
|
62.5
Composite
|
$65.48
|
Profitability
67.0
|
|
ASST
Asset Entities Inc.
Internet Content & Information
|
920.84M
|
26.4
Composite
|
$12.48
|
Growth
35.0
|
|
MITK
Mitek Systems, Inc.
Software - Application
|
877.89M
|
53.8
Composite
|
$18.49
|
Profitability
65.6
|
|
EVER
EverQuote, Inc.
Internet Content & Information
|
875.80M
|
60.0
Composite
|
$25.71
|
Efficiency
76.5
|
|
Software - Application
|
866.47M
|
58.5
Composite
|
$4.18
|
Efficiency
72.4
|
|
Information Technology Services
|
853.30M
|
53.1
Composite
|
$17.38
|
Efficiency
63.7
|
|
Software - Application
|
834.25M
|
56.2
Composite
|
$13.24
|
Growth
60.9
|
|
CTLP
Cantaloupe, Inc.
Information Technology Services
|
825.80M
|
47.7
Composite
|
$11.20
|
Valuation
62.8
|
|
ASGN
ASGN Incorporated
Information Technology Services
|
822.50M
|
47.9
Composite
|
$20.06
|
Valuation
70.9
|
|
YALA
Yalla Group Limited
Software - Application
|
819.88M
|
58.2
Composite
|
$5.48
|
Profitability
77.0
|
|
NABL
N-able, Inc.
Information Technology Services
|
810.03M
|
55.0
Composite
|
$4.99
|
Efficiency
83.3
|
|
Software - Application
|
806.70M
|
62.2
Composite
|
$11.69
|
Efficiency
80.4
|
|
Software - Application
|
788.21M
|
42.1
Composite
|
$564.69
|
Valuation
49.9
|
|
SABR
Sabre Corporation
Software - Infrastructure
|
770.86M
|
37.7
Composite
|
$2.07
|
Profitability
56.1
|
|
RPD
Rapid7, Inc.
Software - Infrastructure
|
762.54M
|
56.3
Composite
|
$11.57
|
Efficiency
67.5
|
|
RSKD
Riskified Ltd.
Software - Application
|
757.63M
|
52.9
Composite
|
$5.35
|
Efficiency
63.8
|
|
IBTA
Ibotta, Inc.
Software - Application
|
739.21M
|
48.8
Composite
|
$38.42
|
Efficiency
74.3
|
|
MAX
MediaAlpha, Inc.
Internet Content & Information
|
727.68M
|
50.6
Composite
|
$13.40
|
Growth
58.8
|
|
Software - Application
|
690.46M
|
41.1
Composite
|
$17.81
|
Health
49.7
|
|
Software - Infrastructure
|
687.16M
|
64.7
Composite
|
$35.14
|
Valuation
74.7
|
|
VTEX
VTEX
Software - Application
|
673.42M
|
60.0
Composite
|
$4.18
|
Efficiency
75.1
|
|
Software - Infrastructure
|
672.20M
|
49.8
Composite
|
$9.20
|
Profitability
56.7
|
|
PUBM
PubMatic, Inc.
Software - Application
|
629.77M
|
48.3
Composite
|
$17.78
|
Efficiency
71.2
|
|
NRDS
NerdWallet, Inc.
Internet Content & Information
|
623.11M
|
59.4
Composite
|
$9.91
|
Efficiency
72.3
|
|
IIIV
i3 Verticals, Inc.
Software - Infrastructure
|
586.28M
|
55.3
Composite
|
$17.47
|
Valuation
71.5
|
|
Software - Infrastructure
|
583.07M
|
49.3
Composite
|
$5.39
|
Profitability
58.7
|
|
AIOT
PowerFleet, Inc.
Software - Infrastructure
|
574.30M
|
51.9
Composite
|
$4.41
|
Valuation
56.5
|
|
OSPN
OneSpan Inc.
Software - Infrastructure
|
546.50M
|
62.3
Composite
|
$16.78
|
Efficiency
79.0
|
|
SMWB
Similarweb Ltd.
Software - Application
|
541.36M
|
45.4
Composite
|
$7.51
|
Growth
48.8
|
|
OOMA
Ooma, Inc.
Software - Application
|
538.78M
|
61.6
Composite
|
$21.97
|
Valuation
68.2
|
|
YEXT
Yext, Inc.
Software - Infrastructure
|
507.26M
|
58.2
Composite
|
$5.73
|
Efficiency
84.2
|
|
Software - Infrastructure
|
507.17M
|
45.2
Composite
|
$13.15
|
Efficiency
57.8
|
|
Software - Application
|
503.68M
|
53.3
Composite
|
$10.34
|
Efficiency
77.6
|
|
Information Technology Services
|
495.07M
|
44.2
Composite
|
$7.58
|
Efficiency
58.7
|
|
PAYS
Paysign, Inc.
Software - Infrastructure
|
490.85M
|
66.9
Composite
|
$12.48
|
Valuation
77.7
|
|
ALIT
Alight, Inc.
Software - Application
|
485.49M
|
50.8
Composite
|
$15.12
|
Health
56.2
|
|
TASK
TaskUs, Inc.
Information Technology Services
|
482.62M
|
56.8
Composite
|
$7.30
|
Efficiency
59.9
|
|
Software - Application
|
480.85M
|
60.7
Composite
|
$1.70
|
Profitability
80.0
|
|
CRNC
Cerence Inc.
Software - Application
|
472.66M
|
57.8
Composite
|
$9.14
|
Efficiency
82.5
|
|
DCBO
Docebo Inc.
Software - Application
|
470.70M
|
55.2
Composite
|
$22.30
|
Valuation
65.1
|
|
BMBL
Bumble Inc.
Internet Content & Information
|
465.50M
|
58.0
Composite
|
$2.83
|
Efficiency
68.1
|
|
Software - Application
|
452.96M
|
55.8
Composite
|
$4.51
|
Efficiency
86.8
|
|
RMNI
Rimini Street, Inc.
Software - Application
|
442.44M
|
53.9
Composite
|
$5.05
|
Efficiency
77.5
|
|
IBEX
IBEX Limited
Information Technology Services
|
439.83M
|
53.6
Composite
|
$37.25
|
Growth
67.0
|
|
Software - Infrastructure
|
433.96M
|
44.6
Composite
|
$12.19
|
Profitability
55.6
|
|
Software - Application
|
432.27M
|
42.8
Composite
|
$8.01
|
Health
52.9
|
|
CINT
CI&T Inc
Software - Infrastructure
|
428.01M
|
54.1
Composite
|
$3.56
|
Profitability
59.1
|
|
ALLT
Allot Ltd.
Software - Infrastructure
|
425.14M
|
64.4
Composite
|
$7.82
|
Efficiency
77.7
|
|
BLND
Blend Labs, Inc.
Software - Application
|
414.02M
|
47.6
Composite
|
$1.63
|
Efficiency
59.8
|
|
Software - Infrastructure
|
413.20M
|
54.0
Composite
|
$4.89
|
Profitability
55.7
|
|
PSFE
Paysafe Limited
Software - Infrastructure
|
404.90M
|
52.0
Composite
|
$7.32
|
Efficiency
60.3
|
|
MTLS
Materialise NV
Software - Application
|
403.74M
|
54.8
Composite
|
$6.85
|
Efficiency
59.2
|
|
BKKT
Bakkt Holdings, Inc.
Software - Infrastructure
|
400.65M
|
34.2
Composite
|
$7.53
|
Profitability
46.1
|
|
Internet Content & Information
|
389.71M
|
53.9
Composite
|
$9.42
|
Efficiency
77.5
|
|
XPER
Xperi Inc.
Software - Application
|
381.83M
|
47.5
Composite
|
$7.14
|
Profitability
54.7
|
|
TRVG
trivago N.V.
Internet Content & Information
|
377.54M
|
44.0
Composite
|
$5.62
|
Efficiency
53.7
|
|
XNET
Xunlei Limited
Software - Infrastructure
|
372.37M
|
51.7
Composite
|
$5.12
|
Growth
63.9
|
|
SVCO
Silvaco Group, Inc.
Software - Application
|
369.71M
|
42.6
Composite
|
$7.65
|
Growth
56.5
|
|
Software - Infrastructure
|
368.86M
|
60.8
Composite
|
$4.78
|
Valuation
73.5
|
|
PERI
Perion Network Ltd
Internet Content & Information
|
367.60M
|
42.7
Composite
|
$9.81
|
Valuation
50.5
|
|
Information Technology Services
|
363.57M
|
36.7
Composite
|
$3.24
|
Growth
51.3
|
|
API
Agora, Inc.
Software - Application
|
351.73M
|
52.7
Composite
|
$4.46
|
Efficiency
65.6
|
|
ONTF
ON24, Inc.
Software - Application
|
348.25M
|
37.1
Composite
|
$8.10
|
Efficiency
57.9
|
|
CURR
Currenc Group Inc
Software - Application
|
342.46M
|
36.7
Composite
|
$3.11
|
Efficiency
45.0
|
|
ARQQ
Arqit Quantum Inc.
Software - Infrastructure
|
339.41M
|
30.1
Composite
|
$22.90
|
Growth
51.8
|
|
Software - Infrastructure
|
336.17M
|
49.2
Composite
|
$3.95
|
Efficiency
65.2
|
|
SSTK
Shutterstock, Inc.
Internet Content & Information
|
326.97M
|
37.0
Composite
|
$5.96
|
Efficiency
61.0
|
|
Internet Content & Information
|
326.79M
|
50.9
Composite
|
$0.44
|
Health
55.7
|
|
DVLT
Datavault AI Inc.
Software - Infrastructure
|
323.06M
|
38.9
Composite
|
$0.31
|
Growth
66.2
|
|
TSSI
TSS, Inc.
Information Technology Services
|
320.90M
|
42.8
Composite
|
$11.26
|
Valuation
55.8
|
|
Information Technology Services
|
297.50M
|
29.1
Composite
|
$2.97
|
Efficiency
49.6
|
|
EGHT
8x8 Inc
Software - Application
|
292.07M
|
55.1
Composite
|
$2.30
|
Health
61.4
|
|
Software - Application
|
279.20M
|
39.6
Composite
|
$9.24
|
Efficiency
52.7
|
|
TTGT
TechTarget, Inc.
Information Technology Services
|
272.60M
|
34.0
Composite
|
$3.84
|
Efficiency
72.3
|
|
JDZG
JIADE LIMITED
Information Technology Services
|
271.57M
|
33.3
Composite
|
$3.22
|
Growth
46.6
|
|
PDYN
Palladyne AI Corp.
Software - Infrastructure
|
257.95M
|
36.6
Composite
|
$5.99
|
Growth
52.8
|
|
Software - Application
|
257.92M
|
40.8
Composite
|
$6.22
|
Efficiency
59.1
|
|
ANGI
Angi Inc.
Internet Content & Information
|
257.25M
|
46.8
Composite
|
$4.84
|
Efficiency
57.9
|
|
LAW
CS Disco, Inc.
Software - Application
|
252.69M
|
37.4
Composite
|
$4.30
|
Efficiency
48.5
|
|
Information Technology Services
|
250.10M
|
46.4
Composite
|
$11.53
|
Valuation
61.5
|
|
ZH
Zhihu Inc.
Internet Content & Information
|
249.71M
|
36.3
Composite
|
$3.25
|
Profitability
42.0
|
|
MTC
MMTec, Inc.
Software - Application
|
247.97M
|
25.3
Composite
|
$3.00
|
Efficiency
44.5
|
|
Information Technology Services
|
232.65M
|
34.5
Composite
|
$1.70
|
Health
46.9
|
|
TROO
TROOPS, Inc.
Software - Application
|
228.44M
|
40.5
Composite
|
$1.95
|
Efficiency
64.1
|
|
ASUR
Asure Software Inc
Software - Application
|
223.43M
|
55.1
Composite
|
$8.67
|
Valuation
64.2
|
|
Software - Application
|
215.48M
|
41.7
Composite
|
$7.60
|
Profitability
54.2
|
|
SMRT
SmartRent, Inc.
Software - Application
|
202.48M
|
38.2
Composite
|
$1.42
|
Profitability
47.1
|
|
Information Technology Services
|
194.71M
|
48.1
Composite
|
$5.19
|
Valuation
57.3
|
|
THRY
Thryv Holdings, Inc.
Internet Content & Information
|
191.59M
|
48.2
Composite
|
$2.44
|
Valuation
56.2
|
|
KLTR
Kaltura, Inc.
Software - Application
|
190.98M
|
47.4
Composite
|
$1.75
|
Valuation
64.5
|
|
EXFY
Expensify, Inc.
Software - Application
|
188.05M
|
42.4
Composite
|
$2.69
|
Profitability
52.9
|
|
PERF
Perfect Corp.
Software - Application
|
178.24M
|
61.2
Composite
|
$1.92
|
Valuation
71.4
|
|
EGAN
eGain Corporation
Software - Application
|
175.41M
|
51.8
Composite
|
$7.33
|
Profitability
61.3
|
|
NRDY
Nerdy Inc.
Software - Application
|
172.66M
|
41.1
Composite
|
$0.76
|
Health
50.5
|
|
DHX
DHI Group, Inc.
Software - Application
|
168.50M
|
57.3
Composite
|
$3.98
|
Efficiency
74.7
|
|
TRAK
ReposiTrak, Inc.
Software - Application
|
162.29M
|
63.5
Composite
|
$8.74
|
Valuation
71.7
|
|
DOMO
Domo, Inc.
Software - Application
|
162.09M
|
39.8
Composite
|
$3.91
|
Efficiency
46.3
|
|
Software - Application
|
154.97M
|
28.9
Composite
|
$5.98
|
Health
41.8
|
|
JFIN
Jiayin Group Inc.
Internet Content & Information
|
152.80M
|
49.3
Composite
|
$2.61
|
Profitability
61.2
|
|
DMRC
Digimarc Corporation
Information Technology Services
|
152.80M
|
28.7
Composite
|
$7.95
|
Efficiency
56.4
|
|
Software - Infrastructure
|
151.86M
|
35.7
Composite
|
$5.49
|
Health
45.5
|
|
DAVA
Endava plc
Software - Infrastructure
|
147.96M
|
38.3
Composite
|
$2.95
|
Health
53.2
|
|
Software - Infrastructure
|
137.63M
|
28.7
Composite
|
$8.35
|
Efficiency
54.5
|
|
Internet Content & Information
|
134.30M
|
44.5
Composite
|
$4.71
|
Profitability
51.8
|
|
Software - Infrastructure
|
134.13M
|
49.7
Composite
|
$4.02
|
Valuation
60.0
|
|
Information Technology Services
|
125.80M
|
42.9
Composite
|
$11.56
|
Valuation
67.2
|
|
PODC
PodcastOne, Inc.
Internet Content & Information
|
121.77M
|
44.0
Composite
|
$3.46
|
Growth
58.1
|
|
TCX
Tucows Inc.
Software - Infrastructure
|
116.20M
|
35.4
Composite
|
$15.68
|
Profitability
47.9
|
|
BZFD
BuzzFeed, Inc.
Internet Content & Information
|
114.91M
|
29.6
Composite
|
$1.16
|
Efficiency
38.5
|
|
Software - Application
|
113.45M
|
31.5
Composite
|
$1.75
|
Growth
55.4
|
|
VERI
Veritone, Inc.
Software - Infrastructure
|
111.60M
|
32.3
Composite
|
$1.31
|
Efficiency
42.6
|
|
SSTI
SoundThinking, Inc.
Software - Application
|
110.20M
|
37.2
Composite
|
$7.92
|
Valuation
42.8
|
|
RYDE
Ryde Group Ltd.
Software - Application
|
108.81M
|
31.2
Composite
|
$0.83
|
Growth
58.7
|
|
TTEC
TTEC Holdings, Inc.
Information Technology Services
|
106.56M
|
39.1
Composite
|
$2.55
|
Efficiency
53.7
|
|
ZENA
ZenaTech, Inc.
Software - Infrastructure
|
105.51M
|
36.0
Composite
|
$1.65
|
Growth
44.6
|
|
SCOR
comScore, Inc.
Internet Content & Information
|
105.05M
|
42.0
Composite
|
$7.20
|
Profitability
46.7
|
|
RDZN
Roadzen, Inc.
Software - Application
|
100.63M
|
29.8
Composite
|
$1.33
|
Growth
47.9
|
|
Software - Infrastructure
|
99.81M
|
33.6
Composite
|
$14.07
|
Growth
56.2
|
|
CMCM
Cheetah Mobile Inc.
Internet Content & Information
|
94.67M
|
36.7
Composite
|
$3.11
|
Profitability
42.7
|
|
REKR
Rekor Systems, Inc.
Software - Infrastructure
|
91.91M
|
34.5
Composite
|
$0.67
|
Growth
42.7
|
|
ARBE
Arbe Robotics Ltd.
Software - Infrastructure
|
90.43M
|
38.4
Composite
|
$0.77
|
Growth
51.4
|
|
AEYE
AudioEye, Inc.
Software - Application
|
88.95M
|
47.0
Composite
|
$6.00
|
Efficiency
60.0
|
|
CSPI
CSP Inc.
Information Technology Services
|
88.23M
|
45.5
Composite
|
$8.15
|
Growth
55.3
|
|
ALYAF
Alithya Group Inc.
Information Technology Services
|
85.15M
|
36.2
Composite
|
$0.88
|
Efficiency
51.3
|
|
Software - Application
|
83.64M
|
61.1
Composite
|
$3.93
|
Valuation
79.0
|
|
Software - Application
|
81.60M
|
51.4
Composite
|
$0.06
|
Growth
62.6
|
|
Internet Content & Information
|
81.40M
|
44.8
Composite
|
$10.33
|
Profitability
52.7
|
|
SEAT
Vivid Seats Inc.
Internet Content & Information
|
78.78M
|
41.0
Composite
|
$7.60
|
Efficiency
77.2
|
|
Software - Application
|
77.90M
|
56.7
Composite
|
$2.16
|
Valuation
75.9
|
|
Software - Application
|
76.60M
|
34.9
Composite
|
$0.55
|
Health
45.2
|
|
Software - Infrastructure
|
76.46M
|
45.3
Composite
|
$2.07
|
Growth
54.8
|
|
Software - Application
|
71.43M
|
46.7
Composite
|
$1.12
|
Profitability
49.5
|
|
Software - Infrastructure
|
71.24M
|
37.6
Composite
|
$0.04
|
Growth
49.2
|
|
BLBX
Blackboxstocks Inc.
Software - Application
|
69.00M
|
30.4
Composite
|
$8.86
|
Efficiency
50.4
|
|
IZEA
IZEA Worldwide, Inc.
Internet Content & Information
|
63.57M
|
34.8
Composite
|
$3.50
|
Profitability
46.0
|
|
CTM
Castellum, Inc.
Information Technology Services
|
63.54M
|
46.0
Composite
|
$0.61
|
Efficiency
75.1
|
|
LIDR
AEye, Inc.
Software - Infrastructure
|
62.99M
|
37.6
Composite
|
$1.32
|
Growth
55.9
|
|
USIO
Usio, Inc.
Software - Infrastructure
|
58.78M
|
56.0
Composite
|
$2.32
|
Valuation
69.7
|
|
LGCL
Lucas GC Limited
Software - Application
|
58.19M
|
49.8
Composite
|
$1.22
|
Profitability
57.9
|
|
UPXI
Upexi, Inc.
Internet Content & Information
|
57.44M
|
30.1
Composite
|
$0.85
|
Efficiency
44.0
|
|
Software - Application
|
53.20M
|
49.0
Composite
|
$4.26
|
Profitability
59.3
|
|
ILLR
Triller Group Inc.
Software - Application
|
46.93M
|
27.8
Composite
|
$1.17
|
Efficiency
72.4
|
|
MLGO
MicroAlgo, Inc.
Software - Infrastructure
|
44.20M
|
49.0
Composite
|
$4.17
|
Profitability
59.1
|
|
SOGP
Sound Group Inc.
Internet Content & Information
|
43.62M
|
61.3
Composite
|
$12.62
|
Growth
73.2
|
|
Software - Infrastructure
|
43.37M
|
36.2
Composite
|
$15.08
|
Efficiency
45.4
|
|
MAPS
WM Technology, Inc.
Software - Application
|
43.06M
|
47.5
Composite
|
$0.42
|
Profitability
61.5
|
|
PHUN
Phunware, Inc.
Software - Application
|
42.53M
|
35.3
Composite
|
$2.13
|
Health
44.0
|
|
Internet Content & Information
|
42.37M
|
36.5
Composite
|
$1.76
|
Profitability
47.5
|
|
Internet Content & Information
|
41.54M
|
35.8
Composite
|
$0.92
|
Growth
39.8
|
|
Software - Application
|
41.00M
|
39.2
Composite
|
$3.02
|
Health
50.3
|
|
ZDGE
Zedge, Inc.
Internet Content & Information
|
39.20M
|
60.0
Composite
|
$2.98
|
Efficiency
70.5
|
|
Internet Content & Information
|
38.19M
|
36.4
Composite
|
$14.04
|
Profitability
43.2
|
|
HKIT
Hitek Global Inc.
Software - Application
|
35.22M
|
46.1
Composite
|
$3.04
|
Profitability
52.9
|
|
VTSI
VirTra, Inc.
Software - Application
|
34.80M
|
35.9
Composite
|
$3.05
|
Efficiency
54.5
|
|
Software - Infrastructure
|
33.86M
|
52.9
Composite
|
$6.67
|
Profitability
64.7
|
|
Software - Application
|
33.43M
|
33.0
Composite
|
$5.25
|
Growth
66.5
|
|
GIFT
Giftify, Inc.
Internet Content & Information
|
30.70M
|
35.8
Composite
|
$0.88
|
Health
40.3
|
|
AWRE
Aware, Inc.
Software - Application
|
29.90M
|
38.1
Composite
|
$1.27
|
Efficiency
55.9
|
|
Software - Infrastructure
|
29.42M
|
40.2
Composite
|
$3.09
|
Growth
55.6
|
|
JFU
9F Inc.
Information Technology Services
|
28.26M
|
56.8
Composite
|
$2.47
|
Efficiency
81.0
|
|
INLX
Intellinetics, Inc.
Software - Application
|
27.10M
|
37.4
Composite
|
$5.38
|
Efficiency
60.8
|
|
Software - Infrastructure
|
27.08M
|
40.8
Composite
|
$0.18
|
Valuation
42.9
|
|
CLPS
CLPS Incorporation
Information Technology Services
|
26.71M
|
34.4
Composite
|
$0.86
|
Efficiency
56.0
|
|
Software - Infrastructure
|
25.39M
|
59.1
Composite
|
$5.00
|
Efficiency
73.3
|
|
HPAI
Helport AI Limited
Software - Infrastructure
|
24.47M
|
57.1
Composite
|
$0.47
|
Profitability
64.8
|
|
SAIH
SAIHEAT Limited
Information Technology Services
|
24.00M
|
20.0
Composite
|
$20.82
|
Efficiency
45.4
|
|
Software - Application
|
22.81M
|
42.5
Composite
|
$1.85
|
Profitability
49.1
|
|
Software - Application
|
22.21M
|
34.9
Composite
|
$1.30
|
Efficiency
56.1
|
|
Software - Infrastructure
|
21.17M
|
50.3
Composite
|
$1.95
|
Profitability
61.7
|
|
PSQH
PSQ Holdings, Inc.
Software - Application
|
21.15M
|
37.3
Composite
|
$4.36
|
Health
53.8
|
|
LPSN
LivePerson, Inc.
Software - Application
|
20.83M
|
38.8
Composite
|
$2.62
|
Profitability
47.8
|
|
MNDO
MIND C.T.I. Ltd.
Software - Application
|
20.78M
|
59.2
Composite
|
$1.02
|
Profitability
64.3
|
|
Software - Application
|
20.42M
|
28.7
Composite
|
$2.74
|
Health
43.2
|
|
AUID
authID Inc.
Software - Infrastructure
|
19.36M
|
35.1
Composite
|
$0.63
|
Health
43.2
|
|
Software - Application
|
19.31M
|
41.5
Composite
|
$1.20
|
Growth
76.1
|
|
Software - Infrastructure
|
18.96M
|
35.5
Composite
|
$0.40
|
Efficiency
48.1
|
|
Software - Application
|
18.94M
|
27.4
Composite
|
$4.38
|
Profitability
35.5
|
|
CYN
Cyngn Inc.
Software - Application
|
18.89M
|
36.5
Composite
|
$1.23
|
Growth
56.3
|
|
Software - Application
|
18.71M
|
26.7
Composite
|
$2.66
|
Health
45.1
|
|
NXPL
NextPlat Corp
Software - Application
|
18.04M
|
38.4
Composite
|
$6.42
|
Profitability
44.1
|
|
Internet Content & Information
|
18.02M
|
40.7
Composite
|
$1.50
|
Profitability
48.2
|
|
INTZ
Intrusion Inc.
Software - Infrastructure
|
17.68M
|
28.7
Composite
|
$0.76
|
Efficiency
46.2
|
|
Software - Application
|
17.23M
|
32.0
Composite
|
$4.54
|
Valuation
37.9
|
|
INUV
Inuvo, Inc.
Software - Application
|
16.15M
|
50.5
Composite
|
$1.03
|
Efficiency
62.0
|
|
Software - Infrastructure
|
15.37M
|
37.5
Composite
|
$1.14
|
Profitability
50.2
|
|
ELWS
Earlyworks Co., Ltd.
Software - Application
|
15.19M
|
24.1
Composite
|
$4.74
|
Efficiency
39.3
|
|
SWVL
Swvl Holdings Corp
Software - Application
|
14.45M
|
38.1
Composite
|
$1.37
|
Profitability
50.3
|
|
Software - Application
|
14.24M
|
50.2
Composite
|
$5.25
|
Efficiency
70.8
|
|
TAOP
Taoping Inc.
Software - Infrastructure
|
13.71M
|
28.5
Composite
|
$0.72
|
Health
42.7
|
|
Software - Application
|
13.60M
|
32.1
Composite
|
$2.90
|
Efficiency
45.6
|
|
Software - Infrastructure
|
12.66M
|
0.0
Composite
|
$0.60
|
No pillar score
-
|
|
IDAI
T Stamp Inc.
Software - Application
|
12.54M
|
36.0
Composite
|
$3.23
|
Growth
55.5
|
|
CISO
CISO Global, Inc.
Software - Infrastructure
|
12.28M
|
35.6
Composite
|
$0.27
|
Growth
43.0
|
|
Information Technology Services
|
12.22M
|
24.7
Composite
|
$2.35
|
Efficiency
42.3
|
|
ULY
Urgent.ly Inc.
Software - Application
|
12.07M
|
26.1
Composite
|
$5.50
|
Profitability
36.6
|
|
VEEA
Veea Inc.
Information Technology Services
|
11.80M
|
30.3
Composite
|
$0.16
|
Growth
52.2
|
|
Internet Content & Information
|
11.37M
|
29.6
Composite
|
$4.41
|
Efficiency
40.8
|
|
NUKK
Nukkleus Inc.
Software - Application
|
11.10M
|
0.0
Composite
|
$0.67
|
No pillar score
-
|
|
CXAI
CXApp Inc.
Software - Application
|
11.00M
|
34.6
Composite
|
$0.16
|
Valuation
39.3
|
|
Software - Infrastructure
|
10.68M
|
38.3
Composite
|
$7.12
|
Growth
72.1
|
|
NVNI
Nvni Group Limited
Software - Application
|
10.53M
|
30.5
Composite
|
$1.05
|
Profitability
39.7
|
|
Software - Infrastructure
|
10.52M
|
37.3
Composite
|
$5.32
|
Growth
66.5
|
|
Information Technology Services
|
9.32M
|
23.9
Composite
|
$2.75
|
Growth
42.8
|
|
IFBD
Infobird Co., Ltd
Software - Application
|
8.93M
|
30.0
Composite
|
$1.08
|
Health
43.5
|
|
RVYL
Ryvyl Inc.
Software - Infrastructure
|
8.60M
|
29.2
Composite
|
$14.96
|
Efficiency
54.3
|
|
DTSS
Datasea Inc.
Software - Infrastructure
|
8.20M
|
43.6
Composite
|
$0.79
|
Growth
50.2
|
|
JTAI
Jet.AI Inc.
Software - Application
|
8.08M
|
29.9
Composite
|
$1.95
|
Growth
41.2
|
|
Information Technology Services
|
7.95M
|
32.6
Composite
|
$4.10
|
Efficiency
48.9
|
|
Internet Content & Information
|
7.79M
|
27.3
Composite
|
$2.14
|
Efficiency
50.0
|
|
Information Technology Services
|
7.72M
|
31.4
Composite
|
$0.35
|
Health
36.0
|
|
Information Technology Services
|
7.43M
|
30.2
Composite
|
$3.34
|
Efficiency
50.3
|
|
AUUD
Auddia Inc.
Software - Application
|
7.30M
|
27.1
Composite
|
$0.82
|
Efficiency
44.2
|
|
Software - Application
|
7.11M
|
33.0
Composite
|
$1.31
|
Efficiency
42.9
|
|
AMST
Amesite Inc.
Software - Application
|
6.73M
|
27.8
Composite
|
$1.05
|
Efficiency
44.5
|
|
DATS
DatChat, Inc.
Software - Application
|
6.66M
|
0.0
Composite
|
$2.65
|
No pillar score
-
|
|
ZENV
Zenvia Inc.
Software - Application
|
6.58M
|
39.7
Composite
|
$0.10
|
Health
48.6
|
|
Software - Application
|
6.33M
|
30.9
Composite
|
$3.08
|
Efficiency
35.6
|
|
Software - Application
|
6.13M
|
25.9
Composite
|
$1.00
|
Efficiency
44.5
|
|
UBXG
U-BX Technology Ltd.
Software - Infrastructure
|
5.61M
|
36.1
Composite
|
$6.13
|
Health
43.0
|
|
LCFY
Locafy Limited
Internet Content & Information
|
5.58M
|
30.1
Composite
|
$2.38
|
Efficiency
52.5
|
|
Software - Application
|
5.32M
|
33.2
Composite
|
$2.84
|
Health
50.7
|
|
Software - Infrastructure
|
4.91M
|
31.0
Composite
|
$0.31
|
Growth
40.0
|
|
Software - Application
|
4.69M
|
34.2
Composite
|
$2.74
|
Valuation
46.8
|
|
Software - Infrastructure
|
4.60M
|
30.1
Composite
|
$0.89
|
Efficiency
34.8
|
|
Internet Content & Information
|
4.52M
|
31.3
Composite
|
$2.89
|
Growth
44.9
|
|
Software - Application
|
4.43M
|
29.0
Composite
|
$1.91
|
Efficiency
41.8
|
|
Software - Application
|
3.90M
|
59.5
Composite
|
$1.63
|
Profitability
76.5
|
|
Software - Application
|
3.16M
|
31.6
Composite
|
$0.84
|
Efficiency
54.5
|
|
CETX
Cemtrex Inc.
Software - Infrastructure
|
2.87M
|
36.4
Composite
|
$2.81
|
Health
44.3
|
|
Software - Application
|
2.82M
|
36.3
Composite
|
$0.79
|
Growth
52.9
|
|
Information Technology Services
|
2.80M
|
26.9
Composite
|
$0.10
|
Efficiency
54.6
|
|
Information Technology Services
|
2.30M
|
34.9
Composite
|
$2.93
|
Efficiency
82.3
|
|
MYSZ
My Size, Inc.
Software - Application
|
2.30M
|
30.5
Composite
|
$0.39
|
Growth
45.6
|
|
Software - Application
|
2.13M
|
31.8
Composite
|
$0.54
|
Efficiency
41.2
|
|
AIXI
XIAO-I Corporation
Software - Application
|
1.80M
|
26.7
Composite
|
$1.12
|
Efficiency
49.7
|
|
Internet Content & Information
|
1.60M
|
23.9
Composite
|
$0.04
|
Efficiency
35.1
|
|
Software - Infrastructure
|
1.09M
|
27.1
Composite
|
$0.00
|
Valuation
37.9
|
|
DGLY
Digital Ally, Inc.
Internet Content & Information
|
600,000
|
31.6
Composite
|
$0.92
|
Health
36.8
|
|
EPWK
EPWK Holdings Ltd.
Software - Application
|
568,698
|
25.9
Composite
|
$0.01
|
Growth
37.0
|
|
Software - Application
|
553,296
|
28.8
Composite
|
$0.00
|
Growth
34.9
|
|
Software - Application
|
505,870
|
26.4
Composite
|
$0.59
|
Efficiency
52.5
|
|
Software - Application
|
326,872
|
35.7
Composite
|
$0.01
|
Profitability
48.6
|
|
Software - Application
|
20,000
|
35.1
Composite
|
$0.00
|
Profitability
47.1
|
|
SRAX
SRAX, Inc.
Software - Application
|
14,719
|
26.7
Composite
|
$0.00
|
Profitability
33.7
|
|
Software - Infrastructure
|
141
|
31.4
Composite
|
$0.42
|
Growth
47.2
|
|
Software - Application
|
-
|
24.9
Composite
|
-
|
Efficiency
41.0
|
|
Software - Infrastructure
|
-
|
36.0
Composite
|
$0.02
|
Growth
49.2
|
|
Software - Application
|
-
|
31.0
Composite
|
$0.03
|
Growth
35.3
|
|
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
ANSS
ANSYS, Inc.
Software - Application
|
-
|
64.5
Composite
|
-
|
Efficiency
86.7
|
|
Software - Infrastructure
|
-
|
34.2
Composite
|
-
|
Growth
49.6
|
|
Software - Infrastructure
|
-
|
30.4
Composite
|
$0.04
|
Growth
61.9
|
|
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
AUUDW
Auddia Inc.
Software - Application
|
-
|
30.0
Composite
|
$0.04
|
Growth
51.0
|
|
AUROW
Aurora Innovation, Inc.
Information Technology Services
|
-
|
25.3
Composite
|
$0.21
|
Growth
36.8
|
|
AVPTW
AvePoint, Inc.
Software - Infrastructure
|
-
|
60.6
Composite
|
-
|
Efficiency
77.4
|
|
Software - Infrastructure
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Software - Application
|
-
|
0.0
Composite
|
$0.31
|
No pillar score
-
|
|
Software - Application
|
-
|
31.0
Composite
|
$0.01
|
Growth
48.4
|
|
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
|
-
|
34.7
Composite
|
-
|
Efficiency
48.8
|
|
Software - Infrastructure
|
-
|
31.9
Composite
|
$0.12
|
Growth
64.2
|
|
BCOV
Brightcove Inc.
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
BZFDW
BuzzFeed, Inc.
Internet Content & Information
|
-
|
30.4
Composite
|
$0.02
|
Health
41.5
|
|
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Software - Infrastructure
|
-
|
38.7
Composite
|
$0.00
|
Growth
63.0
|
|
Internet Content & Information
|
-
|
40.7
Composite
|
$0.02
|
Profitability
47.9
|
|
CORZW
Core Scientific, Inc.
Software - Infrastructure
|
-
|
32.8
Composite
|
$17.28
|
Growth
48.9
|
|
Software - Infrastructure
|
-
|
32.8
Composite
|
$23.90
|
Growth
49.0
|
|
CCRD
CoreCard Corporation
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
BASE
Couchbase, Inc.
Software - Infrastructure
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Software - Infrastructure
|
-
|
59.5
Composite
|
$408.85
|
Efficiency
73.0
|
|
Information Technology Services
|
-
|
39.8
Composite
|
$0.08
|
Efficiency
50.8
|
|
Software - Application
|
-
|
0.0
Composite
|
$0.17
|
No pillar score
-
|
|
DAVEW
Dave Inc. Warrants
Software - Application
|
-
|
73.6
Composite
|
$3.70
|
Growth
88.9
|
|
FAAS
DigiAsia Corp.
Software - Infrastructure
|
-
|
48.0
Composite
|
-
|
Growth
63.2
|
|
FAASW
DigiAsia Corp.
Software - Infrastructure
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Software - Application
|
-
|
28.2
Composite
|
-
|
Efficiency
56.4
|
|
ENFN
Enfusion, Inc.
Software - Application
|
-
|
56.5
Composite
|
-
|
Efficiency
69.3
|
|
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
|
-
|
53.5
Composite
|
$0.19
|
Growth
85.5
|
|
Software - Application
|
-
|
53.2
Composite
|
$0.03
|
Profitability
66.8
|
|
HCP
HashiCorp, Inc.
Software - Infrastructure
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Software - Infrastructure
|
-
|
56.6
Composite
|
$0.12
|
Profitability
63.0
|
|
Software - Infrastructure
|
-
|
31.6
Composite
|
$0.01
|
Growth
40.8
|
|
INFA
Informatica Inc.
Software - Infrastructure
|
-
|
55.9
Composite
|
-
|
Efficiency
83.4
|
|
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
|
-
|
47.5
Composite
|
$0.00
|
Profitability
59.6
|
|
LDTCW
LeddarTech Holdings Inc.
Software - Application
|
-
|
29.4
Composite
|
$0.00
|
Efficiency
35.2
|
|
Software - Application
|
-
|
29.4
Composite
|
-
|
Efficiency
35.2
|
|
Internet Content & Information
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
LCFYW
Locafy Limited
Internet Content & Information
|
-
|
24.9
Composite
|
$2.75
|
Efficiency
76.5
|
|
Software - Application
|
-
|
0.0
Composite
|
$14.29
|
No pillar score
-
|
|
Software - Application
|
-
|
0.0
Composite
|
$0.10
|
No pillar score
-
|
|
Software - Application
|
-
|
34.3
Composite
|
-
|
Health
52.3
|
|
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
|
-
|
34.9
Composite
|
$0.04
|
Profitability
40.5
|
|
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Software - Infrastructure
|
-
|
40.9
Composite
|
$0.05
|
Growth
78.6
|
|
Internet Content & Information
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
NNAVW
NextNav Inc. Warrant
Software - Infrastructure
|
-
|
36.9
Composite
|
$6.99
|
Growth
48.1
|
|
NXPLW
NextPlat Corp
Software - Application
|
-
|
41.8
Composite
|
$0.04
|
Profitability
45.9
|
|
NUKKW
Nukkleus Inc.
Software - Application
|
-
|
0.0
Composite
|
$0.12
|
No pillar score
-
|
|
Software - Application
|
-
|
33.1
Composite
|
$0.02
|
Profitability
39.7
|
|
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
|
-
|
24.4
Composite
|
$0.01
|
Efficiency
35.1
|
|
Internet Content & Information
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Software - Infrastructure
|
-
|
52.5
Composite
|
$0.03
|
Profitability
61.1
|
|
PYCR
Paycor HCM, Inc.
Software - Application
|
-
|
0.0
Composite
|
$22.49
|
No pillar score
-
|
|
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Software - Infrastructure
|
-
|
42.1
Composite
|
$0.80
|
Growth
92.0
|
|
RDZNW
Roadzen, Inc.
Software - Application
|
-
|
28.4
Composite
|
$0.12
|
Growth
44.9
|
|
RUMBW
Rumble Inc.
Software - Application
|
-
|
36.2
Composite
|
$1.71
|
Growth
46.2
|
|
SAIHW
SAIHEAT Limited
Information Technology Services
|
-
|
18.4
Composite
|
$0.03
|
Health
40.0
|
|
Software - Application
|
-
|
46.7
Composite
|
-
|
Efficiency
65.5
|
|
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
SCWX
SecureWorks Corp.
Software - Infrastructure
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Software - Application
|
-
|
52.4
Composite
|
$0.01
|
Profitability
58.2
|
|
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
|
-
|
39.1
Composite
|
$1.69
|
Growth
58.0
|
|
SBIGW
SpringBig Holdings, Inc.
Software - Application
|
-
|
37.8
Composite
|
-
|
Profitability
52.1
|
|
Internet Content & Information
|
-
|
26.0
Composite
|
$2.11
|
Efficiency
32.6
|
|
Software - Application
|
-
|
57.6
Composite
|
-
|
Growth
72.7
|
|
Software - Infrastructure
|
-
|
58.4
Composite
|
$9.00
|
Efficiency
80.4
|
|
TBLAW
Taboola.com Ltd. Warrant
Internet Content & Information
|
-
|
55.6
Composite
|
$0.01
|
Efficiency
62.3
|
|
Software - Infrastructure
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
ILLRW
Triller Group Inc.
Software - Application
|
-
|
28.7
Composite
|
$0.05
|
Efficiency
72.4
|
|
TRUE
TrueCar, Inc.
Internet Content & Information
|
-
|
56.0
Composite
|
$2.54
|
Efficiency
82.9
|
|
VEEAW
Veea Inc.
Information Technology Services
|
-
|
33.3
Composite
|
$0.06
|
Growth
71.3
|
|
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
VRNT
Verint Systems Inc.
Software - Infrastructure
|
-
|
49.2
Composite
|
-
|
Profitability
54.7
|
|
VSSYW
Versus Systems Inc.
Software - Application
|
-
|
31.5
Composite
|
$0.01
|
Efficiency
40.2
|
|
VMEO
Vimeo, Inc.
Software - Application
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
SEATW
Vivid Seats Inc. Warrant
Internet Content & Information
|
-
|
39.9
Composite
|
$0.03
|
Efficiency
77.2
|
|
PETWW
Wag! Group Co.
Software - Application
|
-
|
36.8
Composite
|
$0.00
|
Efficiency
43.2
|
|
PET
Wag! Group Co.
Software - Application
|
-
|
0.0
Composite
|
$0.05
|
No pillar score
-
|
|
Information Technology Services
|
-
|
0.0
Composite
|
-
|
No pillar score
-
|
|
Software - Infrastructure
|
-
|
44.2
Composite
|
$0.05
|
Growth
68.8
|
|
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.