Top Software Companies (10,000+)

Strong Revenue Growth: Revenue increased from $698.4M in 2023 to $907.0M in 2025 (roughly 14% growth in both 2024 and 2025), with Q1–Q2 2026 up 15% and 13% year over year, respectively. Management guides to 10–13% revenue growth for 2026, indicating continued expansion.

Profitability: GAAP net income and adjusted EBITDA rose sharply in 2025 (+53% and +25%, respectively), and Q2 2026 adjusted EBITDA increased to $84.7M. Operating cash generation was solid in Q2 2026, reinforcing financial stability.

Market Expansion: The paying‑dealer base reached 34,629 in Q2 2026 (+5% YoY) with faster growth internationally (+11% vs. +3% in the U.S.). Monetization per dealer improved as Q2 2026 QARSD rose 7% year over year (U.S. +8%, International +11%).

Strong Revenue Growth: Annual recurring revenue is described as rising sharply over recent periods with continued uplift into the following year. These signals point to a scaling recurring-revenue model rather than one-off sales.

Market Expansion: Hundreds of new customer logos were added across successive years, with net customer growth and significant increases in cloud usage across regions such as Asia and ANZ. This reflects expansion beyond North America and deeper penetration within the installed base.

Innovation-Driven Growth: Rapid cloud migration and the rollout of AI capabilities (e.g., Ask iManage, AI Enrichment, Insight+) are portrayed as key adoption catalysts. These innovations appear to be driving multi-solution uptake and greater platform stickiness among enterprises.

Market Expansion: Geographic reach and activity levels are growing, with 1,200+ operators joining from Australia and New Zealand and bookings in several major markets up 14% year over year. The operator base has risen from about 20,000 in 2024/25 to 23,000+ today, extending a long-run climb from roughly 5,000 at the 2018 acquisition.

Strategic Partnerships: Distribution reach has widened via the FareHarbor Distribution Network and deep integrations, including a global Booking.com tie-in that brings large volumes of attractions and OTA access. These connections drove a 27% year-over-year increase in total transaction volume in 2025 through partner and affiliate channels.

Product Line Growth: Product cadence remains high, with 184 platform updates in 2025 and further tools rolled out into 2026. This includes growth-focused offerings such as FareHarbor Sites and expanded distribution capabilities.

Market Expansion: Reported enrollments of roughly 250,000 in 2025 and a broker base exceeding 10,000 point to a rapidly widening operating footprint. AEP 2025 production metrics and tens of thousands of contracts processed further suggest the platform is scaling beyond its 2024 funding milestone.

Investor Backing & Capital Strength: A $25M Series B in January 2024, reportedly at a significant valuation step-up, underscores access to growth capital. Independent listings also record total funding in the high-$30Ms range, reinforcing external validation of capitalization.

Strong Hiring & Retention: Headcount reportedly expanded from around 40 to roughly 130 by 2025, and current postings include senior roles across revenue operations, engineering, product, and agent/customer experience. Active requisitions signal continued investment in growth infrastructure.

Strong Revenue Growth: Revenue increased 19% in 2025 and accelerated in 2026 with 22% year-over-year growth in Q1 and 27% in Q2, while first-half 2026 revenue rose 25% year over year. Management raised full-year 2026 guidance to $94–96M, implying roughly 22–24% growth.

Customer Loyalty & Retention: Net Dollar Retention reached 117% in Q1 2026, indicating expanding spend from existing accounts after churn. Core genomics customers rose to 537 as of March 31, 2026, with record new customer additions in 2025.

Market Expansion: Geographic momentum is evident with Q1 2026 analysis volume up 28% in the U.S. and 31% in APAC, and EMEA revenue up 30%. Platform usage set records (e.g., 108,000 analyses in Q1 and 115,000 in Q2), with liquid biopsy volumes growing sharply.

Resilient & Sustainable Growth: ARR is reported as growing across agency, MGA, and carrier businesses, with parent-segment commentary pointing to steady, mid‑single‑digit organic expansion. This pattern, alongside ongoing product launches and tuck‑in M&A, suggests durable momentum.

Strong Market Position & Advantage: The company reports serving the vast majority of top agencies and carriers and a base of more than 1.6 million insurance professionals. Such reach across its core markets underpins competitive advantage and long‑term stability.

Innovation-Driven Growth: New platforms and capabilities—such as the Velocity AI Platform, multiple AI agents, and the integrated Surefyre offering—extend functionality across AgencyOne, MGA, and Sircon. Continued workflow improvements like Project Impact increasing time savings indicate product‑led expansion.

Strong Market Position & Advantage: Adoption among major insurance brokers is described as deep, with 8 of the 10 largest U.S. brokers and many top-ranked agencies using an Applied system in 2025. Recognition such as Applied Epic’s inclusion in G2’s 2026 Top 100 and a large installed base reinforce a leading position in agency/broker management software.

Innovation-Driven Growth: Product expansion through AI-focused acquisitions such as Planck (2024) and Cytora (2025) adds risk digitization and automation capabilities. New offerings like Applied Recon, rapid growth in Applied Pay usage, and a “submissionless” experience with Travelers indicate active innovation driving usage.

Investor Backing & Capital Strength: Long-term backing from Hellman & Friedman, alongside Stone Point Capital, JMI Equity, and CapitalG, supports ongoing investment capacity and M&A. Multi-year ownership since 2014 aligns with continued acquisitions and product expansion.

Strong Revenue Growth: Company-reported results indicate 34% year-over-year software growth in 2024, alongside earlier periods of 100% YoY elluminate software growth in 2022 and 50% in 2021. These signals point to sustained momentum in the software business.

Market Expansion: The organization added 20 net-new clients in 2024 and more than 20 in 2025, with its footprint among top global pharma expanding from 16 to 18 of the world’s top 50 companies. This reflects a widening customer base across large enterprise accounts.

Investor Backing & Capital Strength: A September 2024 majority investment by GI Partners—described as a growth investment—with previous investor Summit Partners retaining a minority stake indicates strong institutional support. Subsequent expansion of the executive team aligns with funding to drive the next phase of growth.

Strong Market Position & Advantage: Market position is described as leading, with the largest customer base and highest revenue share among process‑mining vendors, and the highest share across major regions and buyer segments. Independent analyst assessments also continue to place the company among category leaders, pointing to durable advantage.

Innovation-Driven Growth: The company is expanding from core process mining into Process Intelligence and Enterprise AI, introducing offerings such as AgentC, AI agents, integrations, and an Orchestration Engine. Reported customer‑value milestones and ongoing platform updates suggest innovation is translating into adoption and impact.

Market Expansion: Enterprise deployments reportedly increased from more than 2,500 in 2022 to 5,000+ currently, with 1,400+ businesses served and 20+ offices. Regional traction includes progress such as capturing a majority of CAC 40 firms within five years in France.

Investor Backing & Capital Strength: Capital raising is highlighted by a $60M Series D at a $1B valuation, bringing total funding to $138.5M, with third-party coverage corroborating the round and valuation. This capital is tied to expansion plans in AI, new markets, and hiring.

Market Expansion: The advisor network reportedly scaled from roughly 500 in 2022 to 15,000+ active advisors by 2026 across 180+ countries, including launches in Canada and Mexico. This points to broadening geographic reach and distribution capacity.

Product Line Growth: Expansion beyond a hotel-heavy business is evidenced by 70,000+ cruise bookings and $350M+ in cruise GMV by April 2026, with further moves into flights, groups, and enterprise. These additions indicate a widening portfolio that can increase wallet share.

Strong Hiring & Retention: Hiring is active across engineering, product, gaming, operations, marketing, and growth, and company materials plus public profiles indicate a workforce around 190–200+ people. Independent sources characterize year-over-year headcount gains as very rapid, pointing to sustained team expansion.

Product Line Growth: The acquisition of Publishers Clearing House and ongoing monthly game releases with partners broaden the company’s platforms and content slate. Company materials also highlight multiple products (e.g., Modo and PCH Digital) and a large U.S. audience, reinforcing an expanding portfolio.

Strategic Partnerships: Partnerships are widening, including an expanded Spire Motorsports presence in 2026 and a new recurring content partnership with EdgeLabs. These relationships suggest increasing marketing reach and a steady pipeline of new content.

Strong Revenue Growth: Revenue accelerated in 2026, with Q2 delivering the fastest quarterly growth in more than four years and first-half revenue above the prior year. Management raised full-year 2026 revenue guidance after Q2.

Healthy Cash Flow: Operations generated positive free cash flow in Q2 and the first half, and the company ended June 2026 with roughly $223.6M in cash and no debt. Adjusted EBITDA also improved year over year.

Product Line Growth: Customers are adopting additional products and certain verticals (Digital Finance and Tickets & Travel) showed particularly strong momentum. Management highlighted rising multiproduct usage alongside core transaction-risk offerings.

Strong Revenue Growth: Company filings indicate group turnover rose steadily from 2020 through 2024, with 2024 revenue higher than 2023 and materially above 2020 levels.

Investor Backing & Capital Strength: Funding rounds in 2021–2022 and an additional 2024 investment show continued support from major institutional investors and access to capital.

Market Expansion: Company materials describe service to 400+ organizations, adoption among Fortune 100 enterprises, and operations across the US, UK, and EMEA, indicating broader market reach.

Innovation-Driven Growth: Product development is described as continuously expanding — AI recruiting (e.g., Beaker), an Action Center, advanced analytics/insights, and an integrations marketplace — signaling innovation as a growth lever. These capabilities are presented as helping distributed businesses streamline hiring and deepen platform use.

Strategic Partnerships: Partnerships with major automotive OEM programs (e.g., Ford and GM dealerships) and ecosystem integrations (e.g., Indeed, ADP, UKG) are highlighted as extending distribution and customer reach. These ties reinforce go-to-market channels within core verticals.

Market Expansion: Expansion beyond automotive into healthcare and hospitality, plus the EmployUs acquisition, is noted alongside growth in users and substantial platform throughput. Company updates also indicate customers are broadening usage across sourcing, hiring, and onboarding.

Profitability: Operating income has risen materially alongside growth, with the latest quarter reporting meaningful GAAP and adjusted operating profits and expanding margins. This indicates the business is scaling while improving earnings quality.

Resilient & Sustainable Growth: Gross profit is expanding at a strong, accelerating pace, with both Cash App and Square contributing and management raising full‑year outlooks. Longer‑term disclosures also highlight multi‑year compounding in gross profit per user across ecosystems.

Cost & Operational Efficiency: A leaner organizational structure and disciplined spending have driven record adjusted operating margins and improved operating leverage. Efficiency gains appear to be a second engine alongside revenue drivers.

Strong Revenue Growth: ARR increased from $177M in 2024 to $218M in 2025, with reported ARR roughly doubling since 2021. Platform activity also expanded as GMV rose from $11.2B to about $14.6–$15B over the same period.

Profitability: The group was profitable throughout 2025, following earlier profitability in the core Platform business. This progression indicates improving operating leverage alongside continued expansion.

Diversified Revenue Streams: Newer products are contributing incremental revenue, with Mirakl Connect generating about $11.7M ARR in under a year and Mirakl Ads seeing a sharp rise in ad spend in 2025. Customer additions (45 global enterprises in 2025) and launches across marketplace and dropship broaden the commercial base.

Strong Revenue Growth: Reported results show revenue rising from $3.67B (2023) to $4.77B (2024) to $6.05B (2025), with early 2026 revenue and guidance pointing to further gains. Q1 2026 continued to grow year over year, alongside expanding sportsbook handle and average monthly payers.

Profitability: Reported results show Adjusted EBITDA improving from $181M (2024) to $620M (2025) and a shift to positive GAAP net income in 2025. Guidance indicates substantial Adjusted EBITDA for 2026.

Product Line Growth: Company disclosures describe rising iGaming revenue in 2025 and the launch of new offerings like Predictions and a consolidated “super app.” These additions broaden the business beyond traditional sportsbook and DFS.

Strong Revenue Growth: Revenue is rising at a double‑digit pace across 2025 and into 2026, with consistent year‑over‑year gains. Galleri test volumes and screening revenue also increased, signaling sustained commercial momentum.

Market Expansion: Access is broadening through major EHR integrations and a growing provider network, alongside initiatives to enter new geographies. These moves extend reach beyond core channels and support continued adoption.

Investor Backing & Capital Strength: Capital raises and a sizable cash position provide a multi‑year runway to fund commercialization, trials, and regulatory efforts. Strategic financings with prominent partners reinforce the ability to invest through scale‑up.

Strong Market Position & Advantage: Ekotrope is positioned as the most widely used HERS rating software in the U.S., supporting roughly 1 in 4 new homes and serving 7,000+ builders with 400,000+ homes per year. Penetration spans hundreds of HERS rating companies and more than 40 utility new‑construction programs.

Investor Backing & Capital Strength: An $11M financing in October 2025, bringing tracked cumulative funding to about $15.9M, underscores continued capital support for expansion. Multiple independent profiles indicate the company has raised additional capital over time rather than a single one‑off event.

Product Line Growth: The company has expanded beyond its core RATER tool into Market Intelligence data products and solutions for utilities, builders, manufacturers, and lenders. Release history shows major version updates (e.g., Version 5.0 in 2025 with additional releases in 2026), indicating an active roadmap.

Market Expansion: The company has scaled through the 2024 Accolite merger and the 2026 Cartesian acquisition, which broaden capabilities and extend its North American and European footprint. Hiring initiatives in India and emphasis on EMEA growth further indicate a wider geographic reach.

Innovation-Driven Growth: The organization has repositioned from digital transformation toward AI services, with recent moves explicitly adding data, analytics, and enterprise AI capabilities. This shift aligns offerings with higher-growth categories.

Diversified Customer Base: Following the Accolite combination, the firm cites serving hundreds of Fortune 1000 and high-growth clients. This signals access to a broad enterprise demand base.