The Rule of 40 is software's fitness test, and only 12 software names in our coverage currently beat it. CrowdStrike leads with an MGI of 70 on 32% revenue growth, followed by dLocal at 68, growing 38% a year with per-share growth faster still at 39%.
Passing the same bar does not make the members alike. Palantir at a $351B cap and Karooooo at roughly $1.5B sit in the same dozen, and mature engines like Intuit and Adobe qualify on discipline rather than speed. A median MGI of 60.5 reflects how selective this group is. Click any name for the full citation-backed analysis.
25companies qualify
61median MGI
7joined this week
The ranking
Sorted by MGIShare
1
Zscaler, Inc.ZS🇺🇸
Revenue +33%/yr · +29%/yr per share · asset light
G 71V 64O 76Cap $22.5B
MGI
71
MVI
64
MTI
46
MOI
76
Cap
$22.5B
Growth
+25%Rev CAGR +25%
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2
Adyen N.V.ADYEN.NL🇳🇱
Revenue +28%/yr · +27%/yr per share · asset light
G 69V 64O 74Cap $29.9B
MGI
69
MVI
64
MTI
45
MOI
74
Cap
$29.9B
Growth
+19%Rev CAGR +19%
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3
Duolingo, Inc.DUOL🇺🇸
Revenue +34%/yr · +16%/yr per share · asset light
G 68V 65O 73Cap $5.4B
MGI
68
MVI
65
MTI
45
MOI
73
Cap
$5.4B
Growth
+27%Rev CAGR +27%
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4
dLocalDLO🇺🇾
Revenue +38%/yr · +39%/yr per share · scale economics
G 68V 77O 79Cap $4.1B
MGI
68
MVI
77
MTI
48
MOI
79
Cap
$4.1B
Growth
+55%Rev CAGR +55%
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5
The Descartes Systems Group Inc.DSG.CA🇨🇦
Revenue +13%/yr · +13%/yr per share · asset light
G 67V 57O 70Cap $7.3B
MGI
67
MVI
57
MTI
37
MOI
70
Cap
$7.3B
Growth
+16%Rev CAGR +16%
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6
Clear Secure, Inc.YOU🇺🇸
Revenue +30%/yr · +23%/yr per share · asset light
G 66V 62O 72Cap $7.1B
MGI
66
MVI
62
MTI
52
MOI
72
Cap
$7.1B
Growth
+20%Rev CAGR +20%
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7
innoscripta SE1INN.DE🇩🇪
Revenue +43%/yr · +13%/yr per share · asset light
G 66V 72O 74Cap $812.3M
MGI
66
MVI
72
MTI
53
MOI
74
Cap
$812.3M
Growth
+58%Rev CAGR +58%
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8
CrowdStrike Holdings, Inc.CRWD🇺🇸
Revenue +32%/yr · +29%/yr per share · asset light
G 65V 44O 62Cap $183.4B
MGI
65
MVI
44
MTI
44
MOI
62
Cap
$183.4B
Growth
+26%Rev CAGR +26%
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9
Paysign, Inc.PAYS🇺🇸
Revenue +25%/yr · +21%/yr per share · asset light
G 65V 64O 69Cap $497M
MGI
65
MVI
64
MTI
52
MOI
69
Cap
$497M
Growth
+51%Rev CAGR +51%
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10
Adobe Inc.ADBE🇺🇸
Revenue +10%/yr · +13%/yr per share · asset light
G 64V 71O 76Cap $99.0B
MGI
64
MVI
71
MTI
51
MOI
76
Cap
$99.0B
Growth
+13%Rev CAGR +13%
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11
Palantir Technologies Inc.PLTR🇺🇸
Revenue +28%/yr · +20%/yr per share · asset light
G 61V 46O 59Cap $333.0B
MGI
61
MVI
46
MTI
42
MOI
59
Cap
$333.0B
Growth
+85%Rev CAGR +85%
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12
Intuit Inc.INTU🇺🇸
Revenue +15%/yr · +15%/yr per share · asset light
G 61V 66O 68Cap $95.3B
MGI
61
MVI
66
MTI
40
MOI
68
Cap
$95.3B
Growth
+10%Rev CAGR +10%
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13
Dave Inc.DAVE🇺🇸
Revenue +32%/yr · +3%/yr per share · asset light
G 61V 63O 65Cap $5.2B
MGI
61
MVI
63
MTI
62
MOI
65
Cap
$5.2B
Growth
+47%Rev CAGR +47%
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14
Autodesk, Inc.ADSK🇺🇸
Revenue +12%/yr · +13%/yr per share · asset light
G 60V 60O 65Cap $48.9B
MGI
60
MVI
60
MTI
42
MOI
65
Cap
$48.9B
Growth
+18%Rev CAGR +18%
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15
InterDigital, Inc.IDCC🇺🇸
Revenue +14%/yr · +12%/yr per share · asset light
G 60V 61O 64Cap $7.2B
MGI
60
MVI
61
MTI
44
MOI
64
Cap
$7.2B
Growth
+14%Rev CAGR +14%
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16
Boku, Inc.BOKU.GB🇬🇧
Revenue +18%/yr · +14%/yr per share · scale economics
G 60V 68O 64Cap $412.6M
MGI
60
MVI
68
MTI
46
MOI
64
Cap
$412.6M
Growth
+30%Rev CAGR +30%
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17
Planisware SAPLNW.FR🇫🇷
Revenue +17%/yr · +16%/yr per share · asset light
G 60V 62O 64Cap $1.8B
MGI
60
MVI
62
MTI
46
MOI
64
Cap
$1.8B
Growth
+8%Rev CAGR +8%
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18
Palo Alto Networks, Inc.PANW🇺🇸
Revenue +18%/yr · +13%/yr per share · asset light
G 59V 47O 57Cap $258.6B
MGI
59
MVI
47
MTI
37
MOI
57
Cap
$258.6B
Growth
+31%Rev CAGR +31%
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19
Skillcast Group plcSKL.GB🇬🇧
Revenue +16%/yr · +13%/yr per share · asset light
G 59V 73O 64Cap $53.6M
MGI
59
MVI
73
MTI
43
MOI
64
Cap
$53.6M
Growth
+16%Rev CAGR +16%
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20
Synopsys, Inc.SNPS🇺🇸
Revenue +16%/yr · +12%/yr per share · asset light
G 56V 51O 57Cap $83.4B
MGI
56
MVI
51
MTI
38
MOI
57
Cap
$83.4B
Growth
+42%Rev CAGR +42%
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21
VusionVU.FR🇫🇷
Revenue +38%/yr · +37%/yr per share · scale economics
G 56V 56O 58Cap $2.5B
MGI
56
MVI
56
MTI
55
MOI
58
Cap
$2.5B
Growth
+54%Rev CAGR +54%
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22
Salesforce, Inc.CRM🇺🇸
Revenue +11%/yr · +12%/yr per share · asset light
G 47V 63O 51Cap $143.4B
MGI
47
MVI
63
MTI
52
MOI
51
Cap
$143.4B
Growth
+13%Rev CAGR +13%
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23
Expert.ai S.p.A.EXAI.IT🇮🇹
Revenue +9%/yr · -15%/yr per share · asset light
G 46V 57O 47Cap $246.6M
MGI
46
MVI
57
MTI
56
MOI
47
Cap
$246.6M
Growth
-7%Rev CAGR -7%
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24
Qualys, Inc.QLYS🇺🇸
Revenue +11%/yr · +13%/yr per share · asset light
G 44V 58O 45Cap $4.7B
MGI
44
MVI
58
MTI
62
MOI
45
Cap
$4.7B
Growth
+10%Rev CAGR +10%
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25
Xunlei LimitedXNET🇨🇳
Revenue +22%/yr · +24%/yr per share · scale economics
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 2026-07-28.
