Below a few hundred million in market cap, most research simply stops. This list keeps going: fifty elite micro-cap stocks ranked by MGI, led by Italy's FOPE at 70 on a $244M cap, Pure Cycle Corporation also at 70, and $58M BQE Water, whose per-share revenue compounds 48% a year.
The altitude deserves honesty. A median MGI of 53 reflects thin air: at this size, wide moats and iron balance sheets are rare, and a single customer or product can move everything. What the list offers is coverage where almost none exists, which is precisely why it is worth reading. Click any name for the full citation-backed analysis.
50companies qualify
59median MGI
3joined this week
The ranking
Sorted by MGIShare
1
FOPE S.p.A.FPE.IT🇮🇹
Revenue +27%/yr · +26%/yr per share · asset light
G 70V 62O 74Cap $247.5M
MGI
70
MVI
62
MTI
42
MOI
74
Cap
$247.5M
Growth
+27%Rev CAGR +27%
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2
Eagle Eye Solutions Group plcEYE.GB🇬🇧
Revenue +17%/yr · +11%/yr per share · asset light
G 70V 66O 75Cap $203.5M
MGI
70
MVI
66
MTI
42
MOI
75
Cap
$203.5M
Growth
+11%Rev CAGR +11%
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3
Pure Cycle CorporationPCYO🇺🇸
Revenue +13%/yr · +13%/yr per share · scale economics
G 70V 59O 72Cap $263.1M
MGI
70
MVI
59
MTI
28
MOI
72
Cap
$263.1M
Growth
+60%Rev CAGR +60%
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4
Anpario plcANP.GB🇬🇧
Revenue +9%/yr · +13%/yr per share · asset light
G 69V 63O 73Cap $112.1M
MGI
69
MVI
63
MTI
33
MOI
73
Cap
$112.1M
Growth
+24%Rev CAGR +24%
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5
Tantalus Systems Holding Inc.GRID.CA🇨🇦
Revenue +13%/yr · +6%/yr per share · asset light
G 68V 70O 74Cap $185.8M
MGI
68
MVI
70
MTI
42
MOI
74
Cap
$185.8M
Growth
+27%Rev CAGR +27%
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6
BioSyent Inc.RX.CA🇨🇦
Revenue +10%/yr · +12%/yr per share · asset light
G 65V 65O 70Cap $121.8M
MGI
65
MVI
65
MTI
37
MOI
70
Cap
$121.8M
Growth
+27%Rev CAGR +27%
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7
Paxman ABPAX.GB🇬🇧
Revenue +27%/yr · +20%/yr per share · asset light
G 65V 62O 69Cap $127.1M
MGI
65
MVI
62
MTI
24
MOI
69
Cap
$127.1M
Growth
+33%Rev CAGR +33%
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8
LIMES Schlosskliniken AGLIK.DE🇩🇪
Revenue +37%/yr · +37%/yr per share · asset light
G 65V 64O 70Cap $202.3M
MGI
65
MVI
64
MTI
27
MOI
70
Cap
$202.3M
Growth
+34%Rev CAGR +34%
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9
Axon Partners Group S.A.APG.ES🇪🇸
Revenue +20%/yr · +19%/yr per share · asset light
G 64V 66O 68Cap $96.6M
MGI
64
MVI
66
MTI
42
MOI
68
Cap
$96.6M
Growth
+17%Rev CAGR +17%
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10
Stille ABSTIL.SE🇸🇪
Revenue +27%/yr · +13%/yr per share · asset light
G 64V 63O 67Cap $192.5M
MGI
64
MVI
63
MTI
36
MOI
67
Cap
$192.5M
Growth
+45%Rev CAGR +45%
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11
CEMATRIX CorporationCEMX.CA🇨🇦
Revenue +19%/yr · +12%/yr per share · scale economics
G 64V 73O 70Cap $53.7M
MGI
64
MVI
73
MTI
28
MOI
70
Cap
$53.7M
Growth
+10%Rev CAGR +10%
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12
BQE Water Inc.BQE.CA🇨🇦
Revenue +34%/yr · +48%/yr per share · scale economics
G 64V 73O 71Cap $64.7M
MGI
64
MVI
73
MTI
38
MOI
71
Cap
$64.7M
Growth
-35%Rev CAGR -35%
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13
Photocure ASAPHO.NO🇳🇴
Revenue +13%/yr · +14%/yr per share · asset light
G 64V 62O 67Cap $193.3M
MGI
64
MVI
62
MTI
46
MOI
67
Cap
$193.3M
Growth
+14%Rev CAGR +14%
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14
ActiveOps PLCAOM.GB🇬🇧
Revenue +13%/yr · -46%/yr per share · asset light
G 64V 65O 68Cap $186.4M
MGI
64
MVI
65
MTI
42
MOI
68
Cap
$186.4M
Growth
+14%Rev CAGR +14%
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15
D-BOX Technologies Inc.DBO.CA🇨🇦
Revenue +27%/yr · +25%/yr per share · asset light
G 62V 63O 66Cap $194.2M
MGI
62
MVI
63
MTI
45
MOI
66
Cap
$194.2M
Growth
+70%Rev CAGR +70%
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16
Tristel plcTSTL.GB🇬🇧
Revenue +9%/yr · +9%/yr per share · asset light
G 61V 59O 63Cap $271.9M
MGI
61
MVI
59
MTI
35
MOI
63
Cap
$271.9M
Growth
+11%Rev CAGR +11%
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17
Diaceutics PLCDXRX.GB🇬🇧
Revenue +22%/yr · +20%/yr per share · asset light
G 61V 66O 65Cap $150M
MGI
61
MVI
66
MTI
38
MOI
65
Cap
$150M
Growth
+20%Rev CAGR +20%
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18
PA
Passus S.A.PAS.PL🇵🇱
Revenue +28%/yr · +29%/yr per share · asset light
G 61V 83O 71Cap $55.8M
MGI
61
MVI
83
MTI
44
MOI
71
Cap
$55.8M
Growth
+28%Rev CAGR +28%
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19
OMER S.p.A.OMER.IT🇮🇹
Revenue +18%/yr · -48%/yr per share · scale economics
G 61V 67O 66Cap $130M
MGI
61
MVI
67
MTI
38
MOI
66
Cap
$130M
Growth
+13%Rev CAGR +13%
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20
ErreDue S.p.A.RDUE.IT🇮🇹
Revenue +22%/yr · +22%/yr per share · asset light
G 61V 65O 64Cap $52.4M
MGI
61
MVI
65
MTI
44
MOI
64
Cap
$52.4M
Growth
+22%Rev CAGR +22%
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21
Netcall plcNET.GB🇬🇧
Revenue +14%/yr · +12%/yr per share · asset light
G 60V 68O 65Cap $261.1M
MGI
60
MVI
68
MTI
45
MOI
65
Cap
$261.1M
Growth
+23%Rev CAGR +23%
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22
Crexendo, Inc.CXDO🇺🇸
Revenue +24%/yr · +12%/yr per share · asset light
G 60V 68O 65Cap $234.8M
MGI
60
MVI
68
MTI
48
MOI
65
Cap
$234.8M
Growth
+49%Rev CAGR +49%
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23
Hostelworld Group plcHSW.IE🇮🇪
Revenue +42%/yr · +39%/yr per share · asset light
G 60V 63O 63Cap $180.6M
MGI
60
MVI
63
MTI
43
MOI
63
Cap
$180.6M
Growth
+2%Rev CAGR +2%
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24
Taylor Devices, Inc.TAYD🇺🇸
Revenue +12%/yr · +14%/yr per share · scale economics
G 60V 55O 61Cap $178.2M
MGI
60
MVI
55
MTI
42
MOI
61
Cap
$178.2M
Growth
+6%Rev CAGR +6%
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25
Skillcast Group plcSKL.GB🇬🇧
Revenue +16%/yr · +13%/yr per share · asset light
G 59V 73O 64Cap $53.5M
MGI
59
MVI
73
MTI
43
MOI
64
Cap
$53.5M
Growth
+16%Rev CAGR +16%
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26
SmartCraft Group ABSMCRT.SE🇸🇪
Revenue +16%/yr · +14%/yr per share · asset light
G 59V 59O 61Cap $266.9M
MGI
59
MVI
59
MTI
38
MOI
61
Cap
$266.9M
Growth
0%Rev CAGR 0%
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27
RADCOM Ltd.RDCM🇮🇱
Revenue +11%/yr · +7%/yr per share · asset light
G 59V 67O 64Cap $204.8M
MGI
59
MVI
67
MTI
55
MOI
64
Cap
$204.8M
Growth
+12%Rev CAGR +12%
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28
Journeo plcJNEO.GB🇬🇧
Revenue +32%/yr · +15%/yr per share · scale economics
G 59V 62O 62Cap $121.3M
MGI
59
MVI
62
MTI
44
MOI
62
Cap
$121.3M
Growth
+11%Rev CAGR +11%
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29
Nicolás Correa, S.A.NEA.ES🇪🇸
Revenue +12%/yr · +12%/yr per share · asset light
G 59V 61O 62Cap $131.7M
MGI
59
MVI
61
MTI
46
MOI
62
Cap
$131.7M
Growth
-2%Rev CAGR -2%
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30
Cipher Pharmaceuticals Inc.CPH.CA🇨🇦
Revenue +18%/yr · +19%/yr per share · asset light
G 58V 67O 63Cap $259.6M
MGI
58
MVI
67
MTI
45
MOI
63
Cap
$259.6M
Growth
+4%Rev CAGR +4%
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31
Niagen Bioscience, Inc.NAGE🇺🇸
Revenue +14%/yr · +9%/yr per share · asset light
G 58V 60O 61Cap $245.3M
MGI
58
MVI
60
MTI
55
MOI
61
Cap
$245.3M
Growth
-4%Rev CAGR -4%
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32
Zaptec ASAZAP.NO🇳🇴
Revenue +20%/yr · +17%/yr per share · scale economics
G 58V 79O 65Cap $242.4M
MGI
58
MVI
79
MTI
47
MOI
65
Cap
$242.4M
Growth
+40%Rev CAGR +40%
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33
CTT Systems ABCTT.SE🇸🇪
Revenue +9%/yr · +9%/yr per share · asset light
G 58V 38O 55Cap $254.9M
MGI
58
MVI
38
MTI
38
MOI
55
Cap
$254.9M
Growth
+40%Rev CAGR +40%
Watchlist is a Picker feature. Upgrade to unlock.
34
Concurrent Technologies PlcCNC.GB🇬🇧
Revenue +17%/yr · +12%/yr per share · asset light
G 58V 54O 59Cap $284.6M
MGI
58
MVI
54
MTI
37
MOI
59
Cap
$284.6M
Growth
+14%Rev CAGR +14%
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35
Fountaine Pajot S.A.ALFPC.FR🇫🇷
Revenue +14%/yr · +34%/yr per share · asset light
G 58V 85O 70Cap $184.2M
MGI
58
MVI
85
MTI
42
MOI
70
Cap
$184.2M
Growth
-8%Rev CAGR -8%
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36
Gaming Realms plcGMR.GB🇬🇧
Revenue +22%/yr · +20%/yr per share · asset light
G 58V 71O 63Cap $134.1M
MGI
58
MVI
71
MTI
42
MOI
63
Cap
$134.1M
Growth
+10%Rev CAGR +10%
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37
Amcomri Group PLCAMCO.GB🇬🇧
Revenue +22%/yr · -35%/yr per share · scale economics
G 58V 55O 59Cap $133.4M
MGI
58
MVI
55
MTI
44
MOI
59
Cap
$133.4M
Growth
+22%Rev CAGR +22%
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38
Trophy Games Development A/STGAMES.DK🇩🇰
Revenue +33%/yr · +36%/yr per share · scale economics
G 58V 73O 64Cap $57.9M
MGI
58
MVI
73
MTI
46
MOI
64
Cap
$57.9M
Growth
+41%Rev CAGR +41%
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39
CAB Payments Holdings plcCABP.GB🇬🇧
Revenue +16%/yr · +10%/yr per share · asset light
G 57V 59O 59Cap $275.2M
MGI
57
MVI
59
MTI
55
MOI
59
Cap
$275.2M
Growth
+11%Rev CAGR +11%
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40
AT
Atrem S.A.ATR.PL🇵🇱
Revenue +24%/yr · +0%/yr per share · scale economics
G 57V 66O 61Cap $119.2M
MGI
57
MVI
66
MTI
45
MOI
61
Cap
$119.2M
Growth
+24%Rev CAGR +24%
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41
Exsitec Holding ABEXS.SE🇸🇪
Revenue +14%/yr · +13%/yr per share · asset light
G 57V 59O 59Cap $219.6M
MGI
57
MVI
59
MTI
44
MOI
59
Cap
$219.6M
Growth
+6%Rev CAGR +6%
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42
ByteTravel S.A.BYTE.ES🇪🇸
Revenue +68%/yr · -93%/yr per share · asset light
G 56V 52O 56Cap $207.1M
MGI
56
MVI
52
MTI
62
MOI
56
Cap
$207.1M
Growth
+68%Rev CAGR +68%
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43
LumenRadio ABLUMEN.SE🇸🇪
Revenue +15%/yr · +12%/yr per share · asset light
G 56V 62O 59Cap $80M
MGI
56
MVI
62
MTI
41
MOI
59
Cap
$80M
Growth
+4%Rev CAGR +4%
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44
SDI Group plcSDI.GB🇬🇧
Revenue +21%/yr · +19%/yr per share · asset light
G 56V 59O 58Cap $122.6M
MGI
56
MVI
59
MTI
38
MOI
58
Cap
$122.6M
Growth
+1%Rev CAGR +1%
Watchlist is a Picker feature. Upgrade to unlock.
45
Intercede Group plcIGP.GB🇬🇧
Revenue +10%/yr · +9%/yr per share · asset light
G 56V 55O 57Cap $95.9M
MGI
56
MVI
55
MTI
47
MOI
57
Cap
$95.9M
Growth
-11%Rev CAGR -11%
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46
Moury Construct S.A.MOUR.BE🇧🇪
Revenue +14%/yr · +14%/yr per share · scale economics
G 55V 65O 59Cap $298.7M
MGI
55
MVI
65
MTI
38
MOI
59
Cap
$298.7M
Growth
+34%Rev CAGR +34%
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47
Gévelot S.A.ALGEV.FR🇫🇷
Revenue +12%/yr · +12%/yr per share · asset light
G 55V 59O 57Cap $159.2M
MGI
55
MVI
59
MTI
42
MOI
57
Cap
$159.2M
Growth
+13%Rev CAGR +13%
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48
accesso Technology Group plcACSO.GB🇬🇧
Revenue +23%/yr · +20%/yr per share · asset light
G 55V 71O 60Cap $126.8M
MGI
55
MVI
71
MTI
48
MOI
60
Cap
$126.8M
Growth
+2%Rev CAGR +2%
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49
Beeks Financial Cloud Group plcBKS.GB🇬🇧
Revenue +27%/yr · +19%/yr per share · scale economics
G 55V 57O 56Cap $207.3M
MGI
55
MVI
57
MTI
42
MOI
56
Cap
$207.3M
Growth
+27%Rev CAGR +27%
Watchlist is a Picker feature. Upgrade to unlock.
50
Empress Royalty Corp.EMPR.CA🇨🇦
Revenue +232%/yr · +205%/yr per share · asset light
G 55V 57O 56Cap $104.7M
MGI
55
MVI
57
MTI
50
MOI
56
Cap
$104.7M
Growth
+232%Rev CAGR +232%
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Research tool, not investment advice. Rankings are generated by our models from company filings and market data, refresh nightly, and are identical for every visitor. Scores reflect our methodology and are not recommendations to act. Data as of 2026-08-17.