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NetEase, Inc. (NTES)

NetEase is a Chinese internet company whose main business is online games, with a learning business, a music streaming platform and several smaller lines around it. The filing describes it as one of the largest online game providers globally in terms of game revenue. It currently offers over 100 in-house developed and licensed games across genres including MMORPG, casual games, shooting games, racing simulations, collectible card games, battle arena games and strategy games. The business in China runs through subsidiaries and variable interest entities, because foreign investment in value-added telecommunications, internet cultural and internet publication services is restricted; the VIEs hold the ICP and other regulated licences. Figures are stated in renminbi.

NetEase, Inc.

NetEase is a Chinese internet company whose main business is online games, with a learning business, a music streaming platform and several smaller lines around it. The filing describes it as one of the largest online game providers globally in terms of game revenue. It currently offers over 100 in-house developed and licensed games across genres including MMORPG, casual games, shooting games, racing simulations, collectible card games, battle arena games and strategy games. The business in China runs through subsidiaries and variable interest entities, because foreign investment in value-added telecommunications, internet cultural and internet publication services is restricted; the VIEs hold the ICP and other regulated licences. Figures are stated in renminbi.

The games

The two long-running MMORPGs are Westward Journey Online, launched in 2001, and Fantasy Westward Journey, launched in 2004, both of which have been continuously enhanced since. The first mobile game was the mobile version of Fantasy Westward Journey II in 2013, followed by mobile versions of Fantasy Westward Journey and Westward Journey Online in 2015. The majority of the most popular games the company publishes were developed in-house. The filing reports that Where Winds Meet reached the number one position in China's iOS gross ranking in 2025, and that Fantasy Westward Journey Online set four successive record peak concurrent player counts from the third quarter of 2025 on.

Youdao

Youdao is positioned as an AI solutions provider in learning and advertising, operating in China and a number of overseas markets. It was founded in 2006, and the Youdao Dictionary launched in 2007 and remains, per the filing, the top language app in China. Youdao completed its public listing on the New York Stock Exchange in October 2019.

NetEase Cloud Music

NetEase Cloud Music is the music streaming platform, listed on the Hong Kong Stock Exchange in December 2021. Most of what it earns comes from membership subscriptions for online music and from sales of virtual items in its social entertainment services. Subscription packages give streaming access to a catalogue of licensed and in-house original music plus long-form audio such as podcasts, audio books and radio dramas, and users can also buy access to particular new digital albums and singles. Other channels are advertising for brand and performance-based advertisers, sales of digital albums and songs, copyright sublicensing to other parties including other online music platforms, and music-inspired services. The platform has built a proprietary AI-powered generative recommendation model for music discovery and personalised recommendations.

Advertising

Online marketing services are sold in several formats, including banners, text links, videos, logos, buttons and rich media, split between performance-based advertising and global marketing and promotion services. The domestic side focuses on performance-based advertising using AI-based data mining. In 2024 the company upgraded its Real-Time API capabilities, which it says broadened the client base and widened the range of applications, and in 2025 it launched the AI Ad Placement Optimizer, described as an end-to-end agentic solution for demand analysis, strategy formulation, data analytics and iterative optimisation with automated creative production built in.

The rest

Around the main businesses sit e-commerce through Yanxuan, e-mail, a payment platform and other services, all of which the company says it incubated and developed in-house. Beijing NetEase Youdao Computer System Co., Ltd., one of the variable interest entities, is 71.1% owned by William Lei Ding and 28.9% by the chief executive officer of Youdao. Under the contractual arrangements NetEase supplies its computer software, mobile applications, technologies and related services to the VIEs, which operate the game services in China, the education platforms, the websites and the other online businesses.

From NetEase's annual report on Form 20-F for the year ended 31 December 2025. The filing

Compare with another name

NetEase, Inc. files a 20-F with the SEC once a year, in renminbi. In the year to 31 December 2025 it reported revenue of CNY 112,626 million ($15.7 billion at the year's average rate), up 7.0% on the year before. Its profit attributable to shareholders was CNY 33,760 million, up 13.7%, and diluted earnings per share CNY 10.48.

NetEase (NTES) in brief

NetEase (NTES) reported revenue of CNY 113 billion for the year to 31 December 2025, up 7.0% on the year before.
Read moreProfit attributable to shareholders was CNY 33.8 billion and diluted earnings per share CNY 10.48. Revenue was CNY 105 billion in 2024, CNY 103 billion in 2023, CNY 96.5 billion in 2022 and CNY 87.6 billion in 2021. Profit attributable to shareholders in the same years was CNY 29.7 billion, CNY 29.4 billion, CNY 20.3 billion and CNY 16.9 billion. Revenue grew 8.9% a year, compounded, over the five years to 2025. At the close of 10 November 2026 the market cap of NetEase was $81.7 billion, 16.3 times its earnings for 2025.

The share in the US

Last close$128.05 on 10 November 2026
52-week range$109.26 (27 March 2026) to $147.56 (2 January 2026)
Over one yeardown 8.7%
Market cap$81.7 billion: 3,192,111,251 shares outstanding at 31 December 2025 (20-F), each US share standing for 5 ordinary shares
P/E, latest fiscal year16.3: the last close over diluted EPS for the year to Dec 2025, CNY 10.48 per ordinary share times 5, CNY 52.40 per US share, $7.85 at 6.68 CNY per US dollar on 6 November 2026 (FRED DEXCHUS). The company reports once a year, so this is the latest fiscal year, not the last four quarters.

US dollars per share as it trades in the US; the market cap and the P/E are worked out here, not filed. Prices from IEX, for splits.

Ratios

From the latest annual report, the year to Dec 2025, in dollars

ROE21.1%
ROCE21.5%
Operating margin31.8%
Net margin30.0%
FCF margin44.1%
Interest covern/a
Debt to equity0.04
Cash conversion1.50
Share count, last 12 months-0.4%
Sales CAGR, 3 years5.3%
Profit CAGR, 3 years18.4%
EPS$7.85

At the close of 10 November 2026

Price$128.05
Market cap$81.7 billion
Stock P/E16.31
Price to book3.40
EV / EBITDAn/a
Dividend yield2.4%
Market cap / sales4.85
52-week high$147.56
52-week low$109.26
Price, 1 year-8.7%
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of NetEase, Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
NTESgreeksoup.ai
Daily prices to 10 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. This company reports once a year, so every view here moves once a year, on the day each annual report was filed, and holds until the next. P/E is the close over the year's EPS per US share: the EPS as filed, times the 5 ordinary shares one US share stands for, in dollars at the year's average exchange rate (Federal Reserve, from FRED). Sales and margin are each year's revenue in dollars and its operating margin. EV/EBITDA, price to book and market cap to sales set the close against that year's balance sheet in dollars at its year-end rate and its share count per US share. The dashed line is the median over the range shown. The P/E above uses today's exchange rate, so the latest point here can differ from it a little. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on NTES

DividendsCNY 13,826 million paid in cash dividends in FY2025
Filings29 in twelve months: 28 reports on Form 6-K, most often monthly Return for Equity Issuer and Hong Kong Depositary Receipts listed under Chapter 19B of the Exchange Listing Rules on Movements in Securities (6); next Day Disclosure Return (3); announcement pursuant to RULE 19C.13 of the HK listing rules in relation to migration exchange notice (2); date of board meeting and date of publication of third quarter 2026 earnings announcement (1); netEase, Inc. Interim Report 2026 (1)
Planned insider sales2 Form 144 notices in twelve months, $1.4 million; latest 1 September 2026
Options tapeput/call 1.01 by open interest at the 10 November 2026 close; the straddle prices a 7.4% move to 20 November 2026
13F holders462 funds reported a position for the quarter to 30 June 2026; largest UBS AM, a distinct business unit of UBS Asset Management Americas LLC
Insider trading2 sales and 0 purchases on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest2.9 million shares short, 4.05 days to cover at 30 October 2026

Income statement (profit and loss), 18 fiscal years

Year toDec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016 †Dec 2017 †Dec 2018 †Dec 2019Dec 2020 †Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenuen/a3,8235,6607,4738,3809,77112,48022,80338,17944,43751,17959,24173,66787,60696,496103,468105,295112,626
Cost of sales5799721,7992,3722,5782,4793,2629,39916,51528,18923,83227,68634,68440,63543,73040,40539,48840,224
Gross profit2,5062,7853,7094,9185,6236,7188,45113,40421,66425,04327,34631,55538,98346,97152,76663,06365,80772,402
Research and development2222443184657189221,3232,1593,0474,1627,3788,41310,36914,07615,03916,48517,52517,719
Operating profit1,9152,0232,5443,3233,7124,3534,7657,27212,62912,9959,97713,79114,53816,41719,62927,70929,58435,835
Profit before tax1,8972,1512,5763,6164,2784,9765,4588,11013,89513,84011,07716,38315,37221,10424,25034,05735,71840,830
Income tax3013143443936925316631,2732,1022,1562,4612,9153,0424,1285,0324,7005,4616,033
Profit for the year1,5971,8372,2323,2233,5874,4454,7966,83711,79310,8496,47721,43112,33016,97619,84329,35730,25634,798
Profit attributable to shareholders1,5971,8502,2363,2343,6374,4444,7576,73511,60510,7086,15221,23812,06316,85720,33829,41729,69833,760
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F
CNY million, from each year's annual report on the SEC's EDGAR, linked in the last row, on the US GAAP tags the company filed.
Read moreA line the company does not file under the standard tag is left out rather than estimated. A year marked † shows the figure as the company restated it in a later annual report (Dec 2016, Dec 2017, Dec 2018, Dec 2020); the first-filed figure is in the CSV. For Dec 2017, Dec 2018, Dec 2019, Dec 2020, Dec 2021, Dec 2022, Dec 2023, Dec 2024, Dec 2025 the company files only its profit available to ordinary shareholders, after amounts due to holders of preference shares, and that is the figure shown; the other years are the profit attributable to the parent's shareholders. Profit for the year includes the part that belongs to minority shareholders; profit attributable to shareholders is the part EPS is struck on. Each year links to its own page.
Year toDec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016 †Dec 2017 †Dec 2018 †Dec 2019Dec 2020 †Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Diluted EPS0.490.570.690.991.111.361.452.043.513.231.896.533.605.016.179.059.1910.48
Basic EPS0.510.570.690.991.111.371.462.053.543.251.906.593.655.076.239.159.2810.59
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F

CNY per ordinary share, as filed. One US-listed share can stand for more or fewer ordinary shares; the P/E above puts the two on the same basis.

Revenue by segment

Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025Share
of the parts, latest year
Games and related value-added servicesn/an/an/an/an/an/an/an/an/an/an/a58,72067,81974,56681,56583,62392,14981.8%
NetEase Cloud Musicn/an/an/an/an/an/an/an/an/an/an/an/an/a8,9927,8677,9507,7596.9%
Innovative businesses and othersn/an/an/an/an/an/an/a3,5047,70010,2579,1956,8847,4357,9248,6478,0976,8096.0%
Youdaon/an/an/an/an/an/an/an/a4567321,3053,1685,3545,0135,3895,6265,9095.2%
Advertising services3846337958501,0951,5521,7892,152n/an/an/an/an/an/an/an/an/an/a
Cloud Musicn/an/an/an/an/an/an/an/an/an/a2,3184,8966,998n/an/an/an/an/a
E-commercen/an/an/an/an/an/a1,1744,542n/an/an/an/an/an/an/an/an/an/a
E-mail and othersn/an/an/an/an/an/a2,526n/an/an/an/an/an/an/an/an/an/an/a
E-mail, e-commerce and othersn/a82.11252433681,114n/an/an/an/an/an/an/an/an/an/an/an/a
Online game services3,3694,9446,5527,2878,3099,81517,31427,98036,28240,19046,423n/an/an/an/an/an/an/a
Wireless value-added services and others71.2n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Games and related value-added services FY2020 to FY2025NetEase Cloud Music FY2022 to FY2025Innovative businesses and others FY2016 to FY2025Youdao FY2017 to FY2025Cloud Music FY2019 to FY2021Online game services FY2009 to FY2019Advertising services FY2009 to FY2016E-commerce FY2015 to FY2016E-mail and others FY2015E-mail, e-commerce and others FY2010 to FY2014Wireless value-added services and others FY2009
5.7Dec 20109.8Dec 201338.2Dec 201659.2Dec 201996.5Dec 2022112.6Dec 2025

CNY billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

CNY million, from the latest 20-F, in the company's own words. A year is shown only where the parts add up to the revenue above.

Cash flow statement

Year toDec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016 †Dec 2017 †Dec 2018 †Dec 2019Dec 2020 †Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from operations2,0182,0942,855n/an/an/an/a8,07715,48811,88913,41617,21624,88824,92727,70935,33139,67750,740
Purchase of property, plant and equipment1334082984101792195378661,1361,6542,1691,2091,0561,6022,1002,3021,2751,065
Free cash flow1,8841,6872,557n/an/an/an/a7,21114,35310,23511,24616,00723,83323,32525,60933,03038,40149,674
Cash from investing-3,409-1,908-2,621n/an/an/an/a-2,537-11,861-12,855-13,570-22,137-29,192-7,078-7,370-17,04317,916-33,181
Cash from financing-15740.524.1n/an/an/an/a-1,633-2,251-1,3031,5871,0839,913-12,586-10,238-21,467-27,336-20,160
Depreciation and amortisation91.01442322932341581741823287922,0602,6143,4583,2762,8583,0552,4182,247
Buybacksn/an/an/an/a415107n/a1321,1992,0627,517n/an/an/an/an/an/an/a
Dividends paidn/an/an/an/an/a8151,9831,4682,5463,2581,4408,8414,2803,5086,7248,01411,16513,826
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F
CNY million, from the cash flow statement as filed.
Read morePurchase of property, plant and equipment is the cash line as filed; purchases of intangible assets and acquisitions are not in it. Free cash flow is cash from operations less that purchase, arithmetic on the two filed lines. Cash from investing and from financing are the company's own section totals, below zero where cash went out. Buybacks are the cash paid for the company's own shares.

Balance sheet at year end

Year toDec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016 †Dec 2017 †Dec 2018 †Dec 2019Dec 2020 †Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Funded by
Equity attributable to shareholders5,5177,4399,74113,12715,68120,24523,39029,24038,19145,73245,23261,45482,12795,328104,731124,286138,686160,296
Non-controlling interestsn/a-13.4-17.2-28.2-79.1-76.9-32.283.52727037941,1398713,9514,0063,6833,7244,717
Borrowings, as filedn/an/an/an/an/a9762,0502,2733,8166,62413,65916,82819,505n/an/an/a12,2336,384
Other liabilitiesn/a1,3781,8632,3463,6763,4034,9479,56115,75317,97327,28432,70339,37254,36564,02457,95741,34950,018
Total equity and liabilitiesn/a8,80311,58715,44519,27824,54630,35541,15758,03271,03186,968112,124141,875153,644172,761185,925195,992221,415
Owned
Property, plant and equipmentn/a5587568488158721,2812,0922,4203,7694,6724,6224,5505,4346,3428,0758,5208,425
Goodwilln/an/an/an/an/an/an/an/an/an/an/an/a3195952,1661,8551,8551,855
Cash and cash equivalents7931,0411,2852,2151,5911,4582,0216,0715,4392,7644,9773,2469,11714,49824,88921,42951,38347,168
Trade and other receivablesn/a1872562302694038732,6144,2513,6204,0024,1694,5765,5085,0036,4225,6695,338
Inventoriesn/an/an/an/an/an/a28.38181,5785,4751,066651592965994695572689
Other assetsn/a7,0179,28912,15216,60321,81326,15129,56244,34355,40372,25099,436122,721126,644133,367147,448127,992157,940
Total assetsn/a8,80311,58715,44519,27824,54630,35541,15758,03271,03186,968112,124141,875153,644172,761185,925195,992221,415
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F
CNY million, at each fiscal year end.
Read moreBoth totals are the company's own; other liabilities and other assets are each total less the rows shown. Borrowings is the company's own stated total where it files one; it is never added up from its parts here.

Ratios on the filed lines

Year toDec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016 †Dec 2017 †Dec 2018 †Dec 2019Dec 2020 †Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross marginn/a72.8%65.5%65.8%67.1%68.7%67.7%58.8%56.7%56.4%53.4%53.3%52.9%53.6%54.7%60.9%62.5%64.3%
Operating marginn/a52.9%45.0%44.5%44.3%44.5%38.2%31.9%33.1%29.2%19.5%23.3%19.7%18.7%20.3%26.8%28.1%31.8%
Net marginn/a48.4%39.5%43.3%43.4%45.5%38.1%29.5%30.4%24.1%12.0%35.8%16.4%19.2%21.1%28.4%28.2%30.0%
Free cash flow marginn/a44.1%45.2%n/an/an/an/a31.6%37.6%23.0%22.0%27.0%32.4%26.6%26.5%31.9%36.5%44.1%
Return on year-end equity28.9%24.9%23.0%24.6%23.2%22.0%20.3%23.0%30.4%23.4%13.6%34.6%14.7%17.7%19.4%23.7%21.4%21.1%
Effective tax rate15.8%14.6%13.4%10.9%16.2%10.7%12.1%15.7%15.1%15.6%22.2%17.8%19.8%19.6%20.7%13.8%15.3%14.8%
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F

Arithmetic on the filed lines of the same year: margins over revenue, return on equity as profit attributable to shareholders over year-end equity, tax over profit before tax.

Questions

What was NetEase's revenue in 2025?

NetEase (NTES) reported revenue of CNY 113 billion for the year to 31 December 2025, up 7.0% on the year before.

How much did NetEase earn in 2025?

Profit attributable to shareholders was CNY 33.8 billion for the year to 31 December 2025, and diluted earnings per share CNY 10.48.

What is NetEase's P/E ratio?

At the close of 10 November 2026, NetEase traded at 16.3 times its earnings for 2025.

What is NetEase's market cap?

The market cap of NetEase was $81.7 billion at the close of 10 November 2026.

Peers: Business Services

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TTM		Debt to equityDiv. yield
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Palantir Technologies Inc. PLTR$406.8 billion118.0832.7%45.6%87.1%0.00n/a
Oracle Corp. ORCL$356.7 billion18.4928.3%32.1%21.6%1.881.7%
SAP SE SAP *$273.1 billion34.3716.1%26.1%7.7%0.141.1%
CrowdStrike Holdings, Inc. CRWD$231.1 billionn/an/a-2.2%24.3%0.15n/a
Shopify Inc. SHOP$188.6 billion88.8416.7%14.6%32.5%0.00n/a
Salesforce, Inc. CRM$175.7 billion19.4625.2%19.9%11.2%1.020.8%
Cloudflare, Inc. NET$109.6 billionn/a-16.3%-14.1%35.7%3.03n/a
Snowflake Inc. SNOW$104.3 billionn/a-50.7%-22.8%32.0%1.06n/a
ServiceNow, Inc. NOW$103.4 billion71.6411.0%9.7%21.8%0.57n/a
Adobe Inc. ADBE$92.5 billion13.2161.9%35.7%12.0%0.54n/a
Intuit Inc. INTU$91.3 billion20.6224.0%27.4%13.9%0.401.4%
All 375 in Business Services
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Microsoft Corp. MSFT$3.96 trillion27.8330.3%47.1%17.9%0.080.7%
Alphabet Inc. GOOGL$3.53 trillion15.0034.8%33.3%22.2%0.190.3%
Alphabet Inc. GOOG$3.50 trillion14.8734.8%33.3%22.2%0.190.3%
Space Exploration Technologies Corp. SPCX$1.94 trillionn/a-1.6%-2.1%n/a0.21n/a
Meta Platforms, Inc. META$1.64 trillion21.8827.6%32.9%27.5%0.310.3%
Visa Inc. V$806.7 billion34.3165.1%61.2%14.8%0.610.6%
Mastercard Inc. MA$577.5 billion34.48251.1%58.6%15.3%3.540.5%
Palantir Technologies Inc. PLTR$406.8 billion118.0832.7%45.6%87.1%0.00n/a
Oracle Corp. ORCL$356.7 billion18.4928.3%32.1%21.6%1.881.7%
SAP SE SAP *$273.1 billion34.3716.1%26.1%7.7%0.141.1%
Alibaba Group Holding Limited BABA *$238.5 billion15.589.8%4.9%2.7%0.252.0%
CrowdStrike Holdings, Inc. CRWD$231.1 billionn/an/a-2.2%24.3%0.15n/a
Shopify Inc. SHOP$188.6 billion88.8416.7%14.6%32.5%0.00n/a
Salesforce, Inc. CRM$175.7 billion19.4625.2%19.9%11.2%1.020.8%
Accenture plc ACN$156.5 billion19.0726.5%15.4%6.5%0.322.5%
Uber Technologies, Inc. UBER$142.9 billion41.4612.5%12.4%13.9%0.570.0%
S&P Global Inc. SPGI$137.2 billion28.1625.3%46.8%6.0%0.660.8%
AppLovin Corp. APP$131.0 billion26.61152.0%77.8%46.5%1.07n/a
Automatic Data Processing Inc. ADP$120.8 billion27.0788.9%24.4%6.5%1.012.2%
PDD Holdings Inc. PDD *$113.0 billion8.0323.7%21.6%9.7%0.00n/a
Airbnb, Inc. ABNB$111.6 billion35.0134.4%22.5%16.7%0.25n/a
Cloudflare, Inc. NET$109.6 billionn/a-16.3%-14.1%35.7%3.03n/a
Snowflake Inc. SNOW$104.3 billionn/a-50.7%-22.8%32.0%1.06n/a
ServiceNow, Inc. NOW$103.4 billion71.6411.0%9.7%21.8%0.57n/a
Adobe Inc. ADBE$92.5 billion13.2161.9%35.7%12.0%0.54n/a
Intuit Inc. INTU$91.3 billion20.6224.0%27.4%13.9%0.401.4%
Cadence Design Systems Inc. CDNS$91.0 billion65.9420.1%28.9%17.6%0.38n/a
Synopsys Inc. SNPS$88.1 billion81.253.5%8.5%46.3%0.32n/a
Moody's Corp. MCO$88.0 billion31.1188.2%44.6%9.0%2.110.8%
NetEase, Inc. NTES *$81.7 billion16.3121.1%31.8%7.0%0.042.4%
DoorDash, Inc. DASH$77.7 billion73.669.9%5.3%35.0%0.25n/a
MercadoLibre, Inc. MELI$75.5 billion39.9723.0%7.4%47.1%1.61n/a
RELX PLC RELX *$72.6 billion26.6587.3%31.6%1.7%3.072.1%
United Rentals, Inc. URI$68.5 billion24.3029.5%25.5%9.4%1.510.7%
Datadog, Inc. DDOG$64.4 billion247.715.6%2.3%33.2%0.21n/a
Autodesk, Inc. ADSK$54.4 billion33.6548.5%26.2%17.9%1.03n/a
Ebay Inc. EBAY$54.4 billion26.9747.3%20.2%15.7%1.531.0%
Block, Inc. XYZ$51.7 billion115.662.0%4.6%7.0%0.32n/a
Infosys Limited INFY *$51.1 billion15.7433.9%20.3%4.6%0.004.2%
Veeva Systems Inc. VEEV$49.4 billion50.2513.7%29.9%16.5%0.00n/a
PayPal Holdings, Inc. PYPL$49.2 billion11.2224.3%17.0%4.4%0.691.0%
MSCI Inc. MSCI$47.1 billion34.77n/a55.7%12.3%n/a1.2%
Sea Limited SE *$46.9 billion30.4812.6%8.7%36.4%0.15n/a
Workday, Inc. WDAY$46.5 billion38.3019.4%10.7%13.3%0.46n/a
IQVIA Holdings Inc. IQV$45.4 billion33.4420.9%12.8%8.8%2.41n/a
Take-Two Interactive Software, Inc. TTWO$42.0 billionn/a-6.5%-2.8%3.1%0.69n/a
Paychex Inc. PAYX$41.4 billion23.0548.7%39.2%14.0%1.233.9%
Atlassian Corp. TEAM$37.4 billion412.589.7%4.3%26.6%1.09n/a
Roblox Corp. RBLX$36.6 billionn/an/a-19.7%32.1%n/an/a
Fiserv Inc. FISV$33.7 billionn/a-18.7%-10.9%-1.7%1.28n/a
Sunbelt Rentals Holdings, Inc. SUNB$33.3 billionn/an/an/an/a1.151.4%
Twilio Inc. TWLO$33.1 billion26.9413.9%6.8%19.1%0.11n/a
Zscaler, Inc. ZS$31.8 billionn/a-2.4%-4.0%25.4%0.65n/a
Okta, Inc. OKTA$31.2 billion107.474.2%7.5%11.2%0.00n/a
Corpay, Inc. CPAY$29.6 billion25.2837.7%43.9%21.2%3.41n/a
Cognizant Technology Solutions Corp. CTSH$29.1 billion11.8717.5%15.7%5.0%0.112.0%
Trip.com Group Limited TCOM *$28.6 billionn/a19.5%25.3%17.1%0.180.7%
Verisign Inc. VRSN$27.9 billion33.45n/a67.6%6.5%n/a1.0%
AerCap Holdings N.V. AER *$27.6 billion8.2620.5%n/a6.5%2.380.7%
Baidu, Inc. BIDU *$27.1 billionn/a2.1%-4.5%-3.0%0.34n/a
Global Payments Inc. GPN$26.9 billionn/a-5.6%6.8%38.1%1.021.0%
CoreWeave, Inc. CRWV$26.9 billionn/a-38.4%-3.0%115.3%7.080.0%
MongoDB, Inc. MDB$26.7 billion467.492.0%-0.5%25.5%0.00n/a
Zoom Communications, Inc. ZM$26.5 billion8.4228.8%23.7%5.0%0.00n/a
Verisk Analytics, Inc. VRSK$26.2 billion30.91n/a43.9%4.9%n/a1.0%
Incyte Corp. INCY$24.5 billion63.987.1%10.4%24.9%0.00n/a
Omnicom Group Inc. OMC$24.2 billion49.637.1%6.4%54.1%1.013.6%
Rubrik, Inc. RBRK$22.7 billionn/an/a-18.3%42.4%n/an/a
Unity Software Inc. U$22.4 billionn/a-10.5%-17.9%20.9%0.69n/a
Equifax Inc. EFX$22.0 billion30.4116.6%18.8%10.9%1.161.2%
Broadridge Financial Solutions, Inc. BR$21.8 billion21.3240.3%17.0%7.1%1.282.1%
PTC Inc. PTC$21.8 billion19.0135.3%37.8%19.5%0.41n/a
Wipro Limited WIT *$21.5 billion16.2214.9%16.3%4.0%0.196.1%
Tyler Technologies Inc. TYL$20.3 billion53.0912.0%15.6%8.0%0.51n/a
Toast, Inc. TOST$20.1 billion37.9524.0%7.2%22.1%0.00n/a
Ftai Aviation Ltd. FTAI$19.3 billion38.13118.3%22.3%46.0%7.971.0%
Reddit, Inc. RDDT$19.1 billion20.1427.7%29.4%62.2%0.00n/a
Medpace Holdings, Inc. MEDP$18.6 billion36.8688.5%21.4%20.4%0.00n/a
Ss&C Technologies Holdings Inc. SSNC$18.5 billion22.6512.7%23.8%8.7%1.111.4%
Rollins Inc. ROL$18.4 billion35.2437.8%18.3%8.3%0.521.9%
APi Group Corp. APG$18.2 billionn/a10.5%7.2%16.4%1.02n/a
Zeta Global Holdings Corp. ZETA$17.9 billion233.604.0%3.6%41.0%0.24n/a
Gen Digital Inc. GEN$17.8 billion15.0944.0%41.8%16.9%2.961.7%
RB Global Inc. RBA$17.4 billion36.9710.0%16.6%11.1%0.601.3%
Charles River Laboratories International, Inc. CRL$16.6 billion380.151.2%4.0%-1.2%0.76n/a
UL Solutions Inc. ULS$16.5 billion32.4730.1%17.8%6.1%0.450.7%
Nutanix, Inc. NTNX$16.0 billion11.49214.5%9.6%12.4%1.92n/a
Allegion plc ALLE$16.0 billion23.6131.8%21.5%10.3%0.941.1%
ICON plc ICLR *$15.7 billion70.562.5%5.4%0.8%0.37n/a
TransUnion TRU$15.6 billion19.9616.5%19.3%13.5%1.130.6%
Fair Isaac Corp. FICO$15.6 billion20.11n/a49.9%27.3%n/an/a
Check Point Software Technologies Ltd. CHKP *$15.3 billion15.0336.7%30.5%6.3%0.68n/a
Manhattan Associates Inc. MANH$15.0 billion72.19106.1%24.1%8.4%0.00n/a
Tempus AI, Inc. TEM$14.7 billionn/a-37.8%-18.5%36.6%2.70n/a
Docusign, Inc. DOCU$14.6 billion47.3519.2%12.0%8.6%0.00n/a
Fidelity National Information Services, Inc. FIS$14.6 billion4.2221.3%16.4%23.6%1.286.1%
Flutter Entertainment plc FLUT$14.3 billionn/a-11.7%-5.8%11.7%1.55n/a
Maplebear Inc. CART$13.9 billion30.3018.8%14.4%14.2%0.00n/a
Bentley Systems Inc. BSY$13.7 billion44.3425.1%25.2%12.9%0.910.6%
Grab Holdings Limited GRAB *$13.3 billion55.754.0%1.9%20.5%0.31n/a
JFrog Ltd. FROG$12.9 billionn/a-2.1%-7.7%27.8%0.000.0%
Guidewire Software, Inc. GWRE$12.8 billion95.4111.7%10.2%22.7%0.57n/a
Dynatrace, Inc. DT$12.5 billion80.577.1%12.7%17.8%0.62n/a
Costar Group, Inc. CSGP$12.2 billion67.422.2%5.8%20.2%0.13n/a
Akamai Technologies Inc. AKAM$12.1 billion32.447.5%9.1%6.2%1.47n/a
Gartner Inc. IT$11.9 billion13.46n/a20.3%-0.2%n/an/a
Factset Research Systems Inc. FDS$11.5 billion22.3926.6%28.3%6.7%0.681.4%
SailPoint, Inc. SAIL$11.4 billionn/a-2.9%-18.9%20.1%0.00n/a
Procore Technologies, Inc. PCOR$11.4 billionn/a-3.2%-4.1%16.5%0.86n/a
Pinterest, Inc. PINS$10.9 billion75.845.7%4.2%15.4%0.32n/a
Paycom Software, Inc. PAYC$10.5 billion22.7972.1%33.4%9.5%1.060.6%
Tetra Tech Inc. TTEK$10.4 billion24.5123.5%12.1%-7.6%0.430.7%
Booz Allen Hamilton Holding Corp. BAH$10.4 billion13.5563.0%9.3%-6.2%3.542.7%
Hinge Health, Inc. HNGE$10.0 billion62.9256.2%18.7%n/a0.00n/a
Figma, Inc. FIG$10.0 billionn/a-36.4%-40.7%n/a0.00n/a
Hubspot Inc. HUBS$9.6 billion47.0213.1%5.3%20.1%0.00n/a
DigitalOcean Holdings, Inc. DOCN$9.4 billion256.522.4%12.5%27.6%0.33n/a
Paylocity Holding Corp. PCTY$9.4 billion34.7124.3%21.7%10.6%0.11n/a
Elastic N.V. ESTC$9.2 billion24.4329.0%-2.6%16.2%0.44n/a
Match Group, Inc. MTCH$9.1 billion13.58n/a29.7%0.5%n/a2.0%
Aecom ACM$9.1 billion32.3913.1%4.1%-4.2%1.211.8%
Snap Inc. SNAP$8.8 billionn/a-6.8%-1.8%13.8%1.56n/a
Netskope Inc. NTSK$8.8 billionn/a-470.2%-94.7%n/a4.45n/a
Healthequity, Inc. HQY$8.6 billion37.3811.9%25.8%7.3%0.47n/a
Epam Systems, Inc. EPAM$8.4 billion20.5211.8%10.5%6.6%0.01n/a
SentinelOne, Inc. S$8.2 billionn/a-23.5%-29.5%21.1%0.00n/a
Appfolio Inc. APPF$8.0 billion47.3929.2%18.8%20.0%0.00n/a
ServiceTitan, Inc. TTAN$7.9 billionn/a-8.0%-13.0%22.9%0.00n/a
Gitlab Inc. GTLB$7.8 billionn/a-5.7%-8.5%23.0%0.00n/a
Etsy Inc. ETSY$7.6 billion10.22n/a16.9%0.7%n/an/a
SharonAI Holdings Inc. SHAZ$7.5 billionn/an/an/an/a0.89n/a
Andersen Group Inc. ANDG$7.4 billionn/an/an/an/an/an/a
Duolingo, Inc. DUOL$7.4 billion50.889.8%12.4%22.6%0.00n/a
Clear Secure, Inc. YOU$7.3 billion32.76143.7%26.5%22.9%0.00n/a
Trade Desk, Inc. TTD$7.3 billion22.3612.2%17.3%7.0%0.00n/a
Dropbox, Inc. DBX$7.2 billion17.51n/a26.6%0.2%n/an/a
Genpact Ltd. G$7.2 billion12.5621.7%14.9%6.7%0.431.7%
Commvault Systems Inc. CVLT$6.9 billion87.18659.7%7.4%14.3%70.45n/a
Frontdoor, Inc. FTDR$6.7 billion24.6089.8%n/a6.8%3.66n/a
ExlService Holdings, Inc. EXLS$6.7 billion26.3728.1%14.8%15.6%0.55n/a
UiPath, Inc. PATH$6.7 billion19.1518.6%8.9%15.0%0.00n/a
Zillow Group, Inc. Z$6.5 billionn/a-2.7%-5.1%15.1%0.09n/a
Lyft, Inc. LYFT$6.4 billion2.5394.3%-2.3%10.1%0.35n/a
RingCentral, Inc. RNG$6.2 billion9.70n/a7.5%5.5%n/an/a
NIQ Global Intelligence plc NIQ$6.2 billionn/a-37.5%1.9%n/a3.85n/a
ACI Worldwide, Inc. ACIW$6.2 billion37.9211.2%14.9%1.9%0.55n/a
Qualys, Inc. QLYS$6.1 billion29.2033.0%34.4%10.4%0.00n/a
WEX Inc. WEX$6.0 billion15.5435.1%26.6%9.7%4.62n/a
Bilibili Inc. BILI *$5.9 billion34.707.7%3.7%13.1%0.62n/a
Box Inc. BOX$5.8 billion61.66n/a9.4%9.6%n/an/a
Doximity, Inc. DOCS$5.8 billion45.0315.0%26.3%6.5%0.00n/a
Klaviyo, Inc. KVYO$5.8 billion1,021.500.9%-1.3%27.0%0.00n/a
Varonis Systems Inc. VRNS$5.7 billionn/a-35.3%-22.8%17.6%1.05n/a
Amentum Holdings, Inc. AMTM$5.7 billion27.874.3%4.2%11.4%0.81n/a
Octave Intelligence plc OCTV$5.6 billionn/an/an/an/a0.12n/a
Xometry, Inc. XMTR$5.5 billionn/a-2.8%-2.2%36.8%0.54n/a
Herc Holdings Inc. HRI$5.5 billion44.856.2%n/a19.4%4.031.7%
FTI Consulting, Inc. FCN$5.4 billion24.6217.6%8.8%7.8%0.64n/a
Blackberry Ltd. BB$5.4 billion76.2510.2%13.6%14.4%0.25n/a
Braze, Inc. BRZE$5.3 billionn/a-18.8%-13.4%27.4%0.00n/a
VSE Corp. VSEC$5.2 billion45.804.0%11.9%45.6%0.320.2%
Pegasystems Inc. PEGA$5.2 billion19.5953.7%9.9%0.9%0.000.4%
Sezzle Inc. SEZL$5.0 billion28.5765.8%41.9%38.9%0.37n/a
Remitly Global, Inc. RELY$5.0 billion14.2329.7%12.0%23.0%0.00n/a
Applied Digital Corp. APLD$5.0 billionn/a-25.7%n/an/a3.98n/a
Q2 Holdings, Inc. QTWO$4.6 billion44.5316.7%12.4%13.1%0.00n/a
Bill Holdings, Inc. BILL$4.6 billion105.371.6%-0.1%7.4%0.56n/a
CCC Intelligent Solutions Holdings Inc. CCC$4.6 billion59.354.0%17.9%11.1%0.69n/a
Robert Half Inc. RHI$4.4 billion35.5410.1%1.4%-2.9%0.005.5%
Tenable Holdings, Inc. TENB$4.4 billion322.81n/a4.4%9.5%n/an/a
Paymentus Holdings, Inc. PAY$4.3 billion46.6614.7%8.2%26.5%0.00n/a
Rigetti Computing, Inc. RGTI$4.2 billionn/a-7.5%-856.6%71.0%0.00n/a
Magnite, Inc. MGNI$4.1 billion23.9618.8%18.4%9.1%0.37n/a
Exponent Inc. EXPO$4.1 billion37.0337.2%21.3%15.4%0.001.4%
D-Wave Quantum Inc. QBTS$3.9 billionn/a-23.0%-1,372.9%-44.2%0.03n/a
Korn Ferry KFY$3.9 billion14.3514.0%12.9%6.9%0.202.7%
Appian Corp. APPN$3.7 billionn/an/a2.2%22.0%n/an/a
First Advantage Corp. FA$3.7 billion86.203.2%11.4%17.7%1.50n/a
Via Transportation, Inc. VIA$3.7 billionn/a-13.0%-17.3%n/a0.00n/a
Workiva Inc. WK$3.7 billion59.96n/a5.2%18.8%n/an/a
WillScot Holdings Corp. WSC$3.6 billionn/a-6.3%6.7%0.4%3.60n/a
AvePoint, Inc. AVPT$3.6 billion49.7417.5%10.0%23.7%0.00n/a
Wix.com Ltd. WIX *$3.5 billion72.83n/a0.1%13.2%n/an/a
Intapp, Inc. INTA$3.5 billionn/a-9.2%-4.5%14.4%0.00n/a
Maximus, Inc. MMS$3.5 billion9.7721.3%11.0%-3.3%0.941.9%
Life360, Inc. LIF$3.4 billion22.3425.4%1.4%35.5%0.49n/a
People Inc. PPLI$3.3 billionn/a-7.5%-6.2%-2.1%0.32n/a
Shift4 Payments, Inc. FOUR$3.3 billionn/a7.9%8.2%26.9%3.77n/a
Alarm.com Holdings, Inc. ALRM$3.2 billion29.0213.1%13.2%9.3%0.55n/a
monday.com Ltd. MNDY *$3.2 billionn/a9.5%-0.1%26.7%0.00n/a
ABM Industries Inc. ABM$3.2 billion19.779.3%3.5%6.0%0.992.1%
McGrath Rentcorp MGRC$3.1 billion19.8112.5%25.7%2.1%0.481.5%
Freshworks Inc. FRSH$3.1 billion16.2722.8%7.1%15.2%0.00n/a
CarGurus, Inc. CARG$3.1 billion17.4760.7%24.2%13.5%0.00n/a
Trinet Group, Inc. TNET$3.0 billion17.99129.3%n/a-4.2%6.741.7%
Cbiz, Inc. CBZ$3.0 billion24.226.8%8.0%3.7%0.76n/a
Teradata Corp. TDC$3.0 billion6.9374.4%7.2%1.4%0.00n/a
SPS Commerce Inc. SPSC$2.9 billion35.968.9%13.8%6.9%0.00n/a
Stagwell Inc. STGW$2.8 billion281.881.4%4.0%7.7%2.04n/a
Flywire Corp. FLYW$2.7 billion37.248.7%7.8%31.0%0.00n/a
Huron Consulting Group Inc. HURN$2.6 billion24.7728.9%10.5%12.3%2.07n/a
Fastly, Inc. FSLY$2.6 billionn/a-6.3%-9.0%21.5%0.32n/a
V2X, Inc. VVX$2.6 billion26.238.5%4.2%13.2%0.90n/a
RUM Group Inc. RUM$2.5 billionn/a-11.1%-147.5%13.0%0.25n/a
Blackbaud Inc. BLKB$2.5 billion16.95124.9%20.0%2.1%8.74n/a
Payoneer Global Inc. PAYO$2.4 billion51.147.7%9.3%4.6%0.00n/a
TIC Solutions, Inc. TIC$2.4 billionn/a-5.4%-1.0%n/a0.7693.6%
DXC Technology Co. DXC$2.4 billion23.563.7%6.8%-2.8%1.00n/a
nCino, Inc. NCNO$2.4 billion74.853.6%7.9%8.6%0.30n/a
Grindr Inc. GRND$2.3 billion44.93n/a20.7%30.1%n/an/a
LiveRamp Holdings, Inc. RAMP$2.3 billion15.7815.9%11.6%8.9%0.00n/a
Custom Truck One Source, Inc. CTOS$2.3 billion77.463.6%8.2%5.8%2.01n/a
Asana, Inc. ASAN$2.2 billionn/a-147.8%-19.4%9.5%0.35n/a
Neogenomics Inc. NEO$2.2 billionn/a-4.0%-6.3%11.1%0.47n/a
Western Union Co. WU$2.2 billion6.6037.5%14.2%-2.1%3.2413.6%
Amplitude, Inc. AMPL$2.1 billionn/a-78.3%-26.0%20.2%0.00n/a
ManpowerGroup Inc. MAN$2.1 billion18.215.6%1.6%7.3%0.523.1%
DoubleVerify Holdings, Inc. DV$2.1 billion33.925.7%13.3%7.2%0.00n/a
Infleqtion, Inc. INFQ$2.1 billionn/a-12.4%-199.9%n/a0.00n/a
Five9, Inc. FIVN$2.1 billion41.406.7%4.4%10.1%0.88n/a
Evertec, Inc. EVTC$2.0 billion21.7814.6%18.2%16.3%1.970.6%
Concentrix Corp. CNXC$1.9 billionn/a-135.2%-20.9%2.6%2.474.5%
Insperity, Inc. NSP$1.9 billion635.756.8%0.3%2.1%9.524.7%
Marqeta, Inc. MQ$1.9 billion14.7815.5%0.5%17.2%n/an/a
Soundhound AI, Inc. SOUN$1.9 billionn/a-9.1%-31.0%50.7%0.00n/a
Certara, Inc. CERT$1.9 billionn/a-6.6%-0.3%-4.0%0.30n/a
Progress Software Corp. PRGS$1.8 billion20.2017.4%17.7%6.4%2.330.0%
Astrana Health, Inc. ASTH$1.8 billion30.076.2%3.1%35.1%1.08n/a
Liquidity Services Inc. LQDT$1.8 billion45.1414.1%9.0%5.2%0.00n/a
Absci Corp. ABSI$1.7 billionn/a-49.2%-8,084.5%-62.3%0.00n/a
Donnelley Financial Solutions, Inc. DFIN$1.7 billion17.9423.8%19.2%4.8%0.31n/a
PDF Solutions Inc. PDFS$1.7 billion103.084.1%9.2%22.1%0.17n/a
Blackline, Inc. BL$1.6 billion41.3512.9%5.5%8.9%2.15n/a
Clarivate plc CLVT$1.5 billionn/a-8.6%-3.9%-9.2%0.92n/a
Alkami Technology, Inc. ALKT$1.5 billionn/a-10.3%-5.7%24.0%0.94n/a
Sprinklr, Inc. CXM$1.5 billion65.254.5%5.3%6.3%0.00n/a
Prog Holdings, Inc. PRG$1.5 billion10.3718.7%8.4%12.4%1.071.4%
ICF International, Inc. ICFI$1.5 billion15.618.9%8.1%-5.2%0.340.7%
Everforth Inc. EFOR$1.5 billion22.063.7%4.6%0.0%0.75n/a
Exzeo Group, Inc. XZO$1.5 billion16.6929.5%48.0%n/a0.00n/a
HawkEye 360, Inc. HAWK$1.5 billionn/an/an/an/a0.00n/a
AMN Healthcare Services Inc. AMN$1.5 billion13.7014.1%5.8%29.5%0.96n/a
Upbound Group, Inc. UPBD$1.4 billion12.9114.8%5.5%3.2%1.806.3%
Quantum Computing Inc. QUBT$1.4 billionn/a-2.1%-498.2%3,368.9%0.00n/a
Mobileye Global Inc. MBLY$1.4 billionn/a-49.0%-207.0%3.4%0.00n/a
Ibotta, Inc. IBTA$1.4 billionn/a-6.7%-2.7%1.6%0.00n/a
Bandwidth Inc. BAND$1.4 billionn/a2.3%-1.3%15.1%0.810.0%
Cimpress plc CMPR$1.4 billion16.72n/a6.0%10.0%n/an/a
Arlo Technologies, Inc. ARLO$1.3 billion56.0214.4%2.6%17.1%0.00n/a
Nutex Health Inc. NUTX$1.3 billion7.6739.3%40.1%-18.8%0.10n/a
EverCommerce Inc. EVCM$1.3 billion47.474.0%9.3%-1.7%0.73n/a
Upwork, Inc. UPWK$1.2 billion12.0215.9%16.0%-1.2%0.00n/a
PagerDuty, Inc. PD$1.2 billion7.7879.3%6.5%2.3%1.71n/a
GoodRx Holdings, Inc. GDRX$1.2 billion88.752.5%9.5%-1.8%0.75n/a
Innodata Inc. INOD$1.2 billion25.5927.5%15.9%46.9%0.000.0%
Trump Media & Technology Group Corp. DJT$1.2 billionn/a-58.2%-8,210.7%77.1%0.68n/a
Red Violet, Inc. RDVT$1.2 billion62.197.7%18.2%20.0%0.00n/a
Grid Dynamics Holdings, Inc. GDYN$1.1 billion156.171.5%1.7%6.6%0.00n/a
BigBear.ai Holdings, Inc. BBAI$1.1 billionn/a-26.4%-164.2%-1.5%0.02n/a
Quinstreet, Inc. QNST$1.1 billion11.4927.3%3.8%29.5%0.20n/a
Playtika Holding Corp. PLTK$1.0 billionn/an/a-2.8%3.7%n/a14.7%
Willdan Group, Inc. WLDN$1.0 billion16.3317.1%6.9%18.8%0.17n/a
EverQuote, Inc. EVER$994 million9.1340.5%11.2%24.0%0.00n/a
Rapid7, Inc. RPD$991 million68.956.3%1.6%-1.0%4.06n/a
Kforce Inc. KFRC$984 million23.0030.0%4.5%2.1%0.792.9%
ZoomInfo Technologies Inc. GTM$974 millionn/a-67.7%-39.0%0.7%1.44n/a
Coursera, Inc. COUR$970 millionn/a-14.5%-16.0%44.4%0.00n/a
Healthstream Inc. HSTM$879 million41.005.1%7.6%9.8%0.000.5%
MediaAlpha, Inc. MAX$851 million7.90210.5%7.2%15.2%3.41n/a
TaskUs, Inc. TASK$847 million8.3931.7%11.4%8.6%1.51n/a
Criteo S.A. CRTO$842 million12.436.3%6.6%-7.5%n/an/a
N-able, Inc. NABL$837 millionn/a-1.6%10.2%8.3%0.51n/a
TripAdvisor, Inc. TRIP$834 millionn/a-98.6%-21.4%-11.6%2.250.0%
Onterris, Inc. ONT$833 millionn/a-2.3%1.3%-9.1%0.72n/a
Phreesia, Inc. PHR$816 million77.322.8%2.5%12.9%0.18n/a
Viant Technology Inc. DSP$811 million195.526.8%1.6%27.5%0.00n/a
Bumble Inc. BMBL$793 millionn/a-95.3%-66.5%-14.9%0.83n/a
Legalzoom.Com, Inc. LZ$784 million39.3315.1%5.0%9.6%0.00n/a
Nextdoor Holdings, Inc. NXDR$781 millionn/a-4.4%-11.5%12.3%0.00n/a
PubMatic, Inc. PUBM$776 millionn/a-0.6%0.9%4.3%0.00n/a
Consensus Cloud Solutions, Inc. CCSI$766 million8.71196.0%40.8%2.4%11.39n/a
NPK International Inc. NPKI$762 million18.1611.8%17.0%18.8%0.07n/a
Yext, Inc. YEXT$761 million45.0673.3%8.3%-1.5%4.14n/a
Barrett Business Services Inc. BBSI$752 million24.9115.0%3.8%4.7%0.001.0%
Bowman Consulting Group Ltd. BWMN$752 millionn/a-0.5%2.9%16.0%0.66n/a
OmniAb, Inc. OABI$744 millionn/a-17.4%-115.9%90.6%0.00n/a
Sabre Corp. SABR$715 millionn/an/a11.8%2.1%n/an/a
Cass Information Systems Inc. CASS$711 million19.0916.9%23.3%5.4%0.002.3%
Cars.com Inc. CARS$702 million17.819.6%13.1%0.9%0.99n/a
Ceva Inc. CEVA$698 millionn/a-3.1%-9.5%8.3%0.00n/a
Ibex Ltd. IBEX$695 million15.8227.0%8.9%15.2%0.00n/a
Rackspace Technology, Inc. RXT$695 millionn/an/a-2.5%-1.8%n/an/a
Sprout Social, Inc. SPT$655 millionn/a-12.9%-5.3%10.7%0.16n/a
Priority Technology Holdings, Inc. PRTH$652 million16.12n/a13.2%10.1%n/an/a
Mistras Group, Inc. MG$643 million32.028.4%6.1%4.6%0.70n/a
Paysign, Inc. PAYS$575 million30.6730.6%20.8%46.7%0.08n/a
NRC Health NRC$570 million96.00n/a11.1%3.4%n/a2.4%
Evolent Health, Inc. EVH$543 millionn/a-136.2%-18.5%14.1%2.60n/a
Ziprecruiter, Inc. ZIP$537 million12.62n/a3.8%3.0%n/an/a
Rimini Street, Inc. RMNI$513 million46.17n/a5.9%2.9%n/an/a
i3 Verticals, Inc. IIIV$509 million49.563.0%2.7%4.1%0.41n/a
Groupon, Inc. GRPN$508 millionn/an/a1.3%0.8%n/an/a
RMR Group Inc. RMR$505 million13.948.8%6.4%-15.2%0.7311.4%
Backblaze, Inc. BLZE$504 millionn/a-23.4%-9.4%16.9%2.39n/a
Claritev Corp. CTEV$495 millionn/an/a4.2%6.9%n/an/a
Ooma Inc. OOMA$492 million46.8711.1%3.6%17.2%0.47n/a
Kelly Services Inc. KELYA$488 millionn/a-12.8%0.3%-7.7%0.122.1%
Nerdwallet, Inc. NRDS$469 million9.5015.7%8.3%11.3%0.00n/a
Advantage Solutions Inc. ADV$411 millionn/a-84.3%-4.1%2.9%4.14n/a
Cerence Inc. CRNC$389 millionn/a-9.3%8.7%25.8%1.04n/a
TrueBlue, Inc. TBI$387 millionn/a-17.0%-2.0%12.4%0.38n/a
Innovative Solutions & Support Inc. IA$385 million20.4824.7%27.4%20.3%0.71n/a
Quad/Graphics, Inc. QUAD$376 million13.9422.0%3.5%-4.9%3.675.1%
CS Disco, Inc. LAW$375 millionn/a-26.5%-19.9%12.4%0.00n/a
Public Policy Holding Company, Inc. PPHC$334 millionn/a-25.6%-18.1%n/a0.34n/a
Hackett Group, Inc. HCKT$332 million19.1425.1%11.7%-8.2%1.213.6%
Alight, Inc. / Delaware ALIT$329 millionn/a-103.4%-39.7%-4.0%2.03n/a
8X8 Inc. EGHT$315 million43.204.7%3.2%4.3%1.97n/a
Commerce.com, Inc. CMRC$308 millionn/a-12.9%0.0%1.5%2.99n/a
3D Systems Corp. DDD$303 millionn/a-28.5%-16.3%1.0%0.37n/a
Information Services Group Inc. III$293 million25.5812.7%8.9%4.8%0.632.9%
Xperi Inc. XPER$290 millionn/a-7.6%-1.7%1.1%0.10n/a
CPI Card Group Inc. PMTS$285 million17.63n/a9.3%17.9%n/an/a
Gloo Holdings, Inc. GLOO$276 millionn/a-91.5%-65.4%n/a0.28n/a
Angi Inc. ANGI$270 millionn/a-33.1%-22.9%-8.4%0.57n/a
Outdoor Holding Co. POWW$267 million76.832.8%5.6%9.7%0.04n/a
Blend Labs, Inc. BLND$260 millionn/an/a-10.9%-2.5%n/an/a
Silvaco Group, Inc. SVCO$253 millionn/a-26.1%-29.6%11.9%0.12n/a
HireQuest, Inc. HQI$247 million31.1611.8%28.4%-7.5%0.001.4%
RCM Technologies, Inc. RCMT$244 million14.9935.0%7.7%11.2%0.48n/a
Kaltura Inc. KLTR$215 millionn/a-262.1%-1.0%1.9%5.83n/a
American Well Corp. AMWL$206 millionn/a-27.0%-30.2%-20.3%0.00n/a
International Money Express, Inc. IMXI$196 million11.0210.2%6.3%-15.7%0.98n/a
Tss, Inc. TSSI$196 million11.9820.6%4.5%-14.2%0.19n/a
DHI Group, Inc. DHX$191 million23.688.0%11.2%-5.0%0.32n/a
Palladyne AI Corp. PDYN$183 millionn/a-51.0%-245.8%349.6%0.00n/a
OptimizeRx Corp. OPRX$176 million40.573.5%11.1%-5.8%0.15n/a
Audioeye Inc. AEYE$173 millionn/a-59.9%-4.8%8.1%3.20n/a
Franklin Covey Co. FC$168 million87.475.1%2.4%-6.1%0.00n/a
Forrester Research, Inc. FORR$163 millionn/a-41.1%-13.4%-7.7%0.27n/a
Huckleberry.ai, Inc. HUCK$161 millionn/an/a-9.8%-1.0%n/an/a
Egain Corp. EGAN$159 million19.0310.5%8.7%3.1%0.00n/a
Expensify, Inc. EXFY$159 millionn/a-12.1%-8.5%-5.5%0.00n/a
National CineMedia, Inc. NCMI$156 millionn/a-8.3%-15.2%4.4%0.877.3%
Tucows Inc. TCX$150 millionn/an/a-4.7%2.9%n/an/a
Greenpro Capital Corp. GRNQ$135 millionn/a-16.5%-126.0%-38.5%0.00n/a
Definitive Healthcare Corp. DH$128 millionn/a-83.4%-105.4%-6.2%0.84n/a
ReposiTrak, Inc. TRAK$124 million17.5414.5%33.7%3.0%0.00n/a
Inspired Entertainment, Inc. INSE$123 millionn/an/a15.9%-17.1%n/an/a
Fluent, Inc. FLNT$119 millionn/a-286.4%-7.4%-12.0%3.94n/a
Ttec Holdings, Inc. TTEC$118 millionn/a-234.3%-5.9%-5.6%9.70n/a
Maxcyte, Inc. MXCT$117 millionn/a-18.5%-98.0%-0.1%0.00n/a
CareCloud, Inc. CCLD$112 million15.8342.7%9.6%14.9%1.65n/a
Health Catalyst, Inc. HCAT$110 millionn/a-138.8%-65.7%-13.9%0.00n/a
Soundthinking, Inc. SSTI$109 millionn/a-25.3%-16.4%-5.7%0.06n/a
Shutterstock, Inc. SSTK$105 millionn/a-243.3%-47.6%-20.1%1.4146.6%
Swarmer, Inc. SWMR$99 millionn/an/an/an/a0.00n/a
Resources Connection, Inc. RGP$97 millionn/a-28.6%-10.1%-19.6%0.0010.0%
Armlogi Holding Corp. BTOC$85 millionn/a-260.4%-11.6%-2.4%0.00n/a
Netsol Technologies Inc. NTWK$82 million27.767.1%9.3%12.5%0.20n/a
Where Food Comes From, Inc. WFCF$81 million58.2116.4%5.9%-2.2%0.00n/a
RTB Digital, Inc. RTB$78 millionn/an/an/an/a0.02n/a
Mastech Digital, Inc. MHH$76 million70.111.2%0.4%-13.6%0.00n/a
Aiai Holdings Corp. AIAI$67 millionn/an/an/an/a0.04n/a
X. Quantum Labs Inc. QXL$64 millionn/an/an/an/a0.08n/a
Marchex Inc. MCHX$63 millionn/a-18.8%-11.4%-7.5%0.00n/a
Airship AI Holdings, Inc. AISP$58 million2.241,912.5%-18.3%92.8%0.00n/a
Playstudios, Inc. MYPS$55 millionn/a-25.1%-24.1%-12.0%0.00n/a
Datavault AI Inc. DVLT$50 millionn/a-70.5%-145.1%955.8%0.02n/a
Exyn Technologies, Inc. EXYN$17 millionn/an/an/an/a0.30n/a
Vida Global Inc. VIDA$4 millionn/an/an/an/an/an/a
CXApp Inc. CXAI$4 millionn/a-128.5%-259.4%27.7%0.51n/a
Auddia Inc. AUUD$1 millionn/a-90.1%-127,792.9%n/a0.00n/a
Airwa Inc. YYAI$54,522n/an/a-18.0%251.1%0.00n/a
ADT Inc. ADTn/an/a17.0%24.6%2.0%2.162.2%
135 companies share its SEC industry code (Services-Prepackaged Software); the rest are the names nearest in size in its wider industry, Business Services, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Annual reports on EDGAR

FormYear toFiled
20-F31 December 202515 April 2026EDGAR
20-F31 December 202415 April 2025EDGAR
20-F31 December 202325 April 2024EDGAR
20-F31 December 202227 April 2023EDGAR
20-F31 December 202128 April 2022EDGAR
20-F31 December 202028 April 2021EDGAR
20-F31 December 201929 April 2020EDGAR
20-F31 December 201826 April 2019EDGAR
20-F31 December 201720 April 2018EDGAR
20-F31 December 201621 April 2017EDGAR
20-F31 December 201522 April 2016EDGAR
20-F31 December 201424 April 2015EDGAR