Multibagger

Research · refreshed nightly · July 28, 2026

Long Growth Runways at a Discount (July 2026)

Long runways at fair prices.

A long growth runway matters most at a discount, before the market has priced it. These 50 companies rank on runway while the ordering keeps the price side honest. tonies SE leads with a runway score of 88 at a $1.4B cap, BillionToOne follows at 87, BBB Foods at 86, and the median across the fifty is 80.

Runway estimates how much growing room remains relative to what a company has already captured. Notice how mid-sized the list is: Accelerant at $3.0B, Alignment Healthcare at $3.6B, Nordrest at $406M, with Atlassian's $17.5B the largest of the top ten. Long roads still unpriced rarely belong to giants. Click any name for the citation-backed analysis.

50companies qualify
80median runway
69median MGI
32joined this week

The ranking

Sorted by runway
1
Trainline plcTRN.GB🇬🇧
runway 87 · revenue +25%/yr · asset light
G 69V 70O 75Cap $1.0B
2
Anpario plcANP.GB🇬🇧
runway 85 · revenue +9%/yr · asset light
G 69V 63O 73Cap $112.1M
3
Nordrest Holding ABNREST.SE🇸🇪
runway 84 · revenue +38%/yr · scale economics
G 69V 68O 74Cap $373.8M
4
Frequentis AGFQT.AT🇦🇹
runway 84 · revenue +14%/yr · asset light
G 71V 70O 79Cap $1.1B
5
STIF S.A.ALSTI.FR🇫🇷
runway 84 · revenue +42%/yr · asset light
G 68V 61O 71Cap $309.8M
6
Alignment Healthcare, Inc.ALHC🇺🇸
runway 84 · revenue +30%/yr · scale economics
G 54V 65O 57Cap $3.8B
7
Diaceutics PLCDXRX.GB🇬🇧
runway 83 · revenue +25%/yr · asset light
G 61V 67O 65Cap $143.9M
8
Caris Life Sciences, Inc.CAI🇺🇸
runway 83 · revenue +44%/yr · asset light
G 72V 62O 77Cap $4.7B
9
TWFG, Inc.TWFG🇺🇸
runway 83 · revenue +16%/yr · scale economics
G 70V 77O 78Cap $303M
10
Hamilton Lane IncorporatedHLNE🇺🇸
runway 83 · revenue +15%/yr · asset light
G 69V 63O 73Cap $4.6B
11
Plejd ABPLEJD.SE🇸🇪
runway 83 · revenue +28%/yr · asset light
G 75V 69O 81Cap $835.1M
12
Grab Holdings LimitedGRAB🇸🇬
runway 83 · revenue +39%/yr · scale economics
G 70V 63O 75Cap $14.3B
13
Atlassian CorporationTEAM🇦🇺
runway 83 · revenue +21%/yr · asset light
G 73V 75O 82Cap $20.9B
14
Synektik S.A.SNT.PL🇵🇱
runway 83 · revenue +35%/yr · asset light
G 73V 64O 78Cap $657.1M
15
tonies SETNIE.DE🇩🇪
runway 82 · revenue +36%/yr · asset light
G 69V 65O 75Cap $1.6B
16
Eagle Eye Solutions Group plcEYE.GB🇬🇧
runway 82 · revenue +17%/yr · asset light
G 70V 67O 75Cap $196.6M
17
Paxman ABPAX.GB🇬🇧
runway 82 · revenue +27%/yr · asset light
G 65V 62O 69Cap $128.5M
18
Agios Pharmaceuticals, Inc.AGIO🇺🇸
runway 82 · revenue +35%/yr · asset light
G 64V 62O 68Cap $2.1B
19
Global-E Online Ltd.GLBE🇮🇱
runway 82 · revenue +33%/yr · scale economics
G 70V 66O 76Cap $5.8B
20
Vitalhub Corp.VHI.CA🇨🇦
runway 82 · revenue +37%/yr · asset light
G 73V 71O 80Cap $309.8M
21
Futu Holdings LimitedFUTU🇭🇰
runway 82 · revenue +27%/yr · asset light
G 68V 61O 72Cap $14.6B
22
MercadoLibre, Inc.MELI🇺🇾
runway 80 · revenue +35%/yr · scale economics
G 73V 72O 84Cap $90.0B
23
Veeva Systems Inc.VEEV🇺🇸
runway 80 · revenue +14%/yr · asset light
G 75V 68O 87Cap $28.5B
24
Wise Group plcWSE🇬🇧
runway 80 · revenue +29%/yr · asset light
G 69V 60O 72Cap $11.9B
25
Telix Pharmaceuticals LimitedTLX🇦🇺
runway 80 · revenue +189%/yr · asset light
G 49V 64O 53Cap $3.0B
26
Paymentus Holdings, Inc.PAY🇺🇸
runway 80 · revenue +26%/yr · scale economics
G 69V 63O 76Cap $3.6B
27
ServiceTitan, Inc.TTAN🇺🇸
runway 80 · revenue +20%/yr · asset light
G 71V 66O 78Cap $6.4B
28
CoStar Group, Inc.CSGP🇺🇸
runway 80 · revenue +12%/yr · asset light
G 65V 61O 69Cap $14.3B
29
Hesai GroupHSAI🇨🇳
runway 80 · revenue +35%/yr · scale economics
G 60V 65O 63Cap $313.9M
30
Zscaler, Inc.ZS🇺🇸
runway 80 · revenue +33%/yr · asset light
G 71V 64O 76Cap $22.5B
31
CAB Payments Holdings plcCABP.GB🇬🇧
runway 80 · revenue +23%/yr · asset light
G 57V 63O 60Cap $233.8M
32
Nemetschek SENEM.DE🇩🇪
runway 80 · revenue +12%/yr · asset light
G 68V 64O 74Cap $8.1B
33
CeriBell, Inc.CBLL🇺🇸
runway 80 · revenue +28%/yr · asset light
G 58V 69O 64Cap $690.9M
34
Alphatec Holdings, Inc.ATEC🇺🇸
runway 80 · revenue +10%/yr · asset light
G 29V 60O 31Cap $1.5B
35
Axon Partners Group S.A.APG.ES🇪🇸
runway 80 · revenue +20%/yr · asset light
G 64V 66O 68Cap $94.7M
36
Facephi Biometria, S.A.FACE.ES🇪🇸
runway 80 · revenue +58%/yr · asset light
G 47V 86O 55Cap $52.4M
37
On Holding AGONON🇨🇭
runway 80 · revenue +34%/yr · asset light
G 70V 63O 75Cap $13.1B
38
Clavister ABCLAV.SE🇸🇪
runway 80 · revenue +13%/yr · asset light
G 40V 65O 42Cap $96.4M
39
Pagaya Technologies Ltd.PGY🇺🇸
runway 79 · revenue +23%/yr · asset light
G 50V 68O 54Cap $1.4B
40
Yuanbao Inc.YB🇨🇳
runway 79 · revenue +65%/yr · asset light
G 69V 60O 72Cap $653.4M
41
Insulet CorporationPODD🇺🇸
runway 79 · revenue +21%/yr · asset light
G 72V 62O 78Cap $13.0B
42
The Trade Desk, Inc.TTD🇺🇸
runway 79 · revenue +20%/yr · asset light
G 67V 72O 75Cap $9.5B
43
Flywire CorporationFLYW🇺🇸
runway 79 · revenue +27%/yr · asset light
G 67V 76O 77Cap $1.7B
44
Accelerant HoldingsARX🇺🇸
runway 79 · revenue +59%/yr · asset light
G 68V 70O 75Cap $3.1B
45
innoscripta SE1INN.DE🇩🇪
runway 79 · revenue +43%/yr · asset light
G 66V 72O 74Cap $812.3M
46
Guidewire Software, Inc.GWRE🇺🇸
runway 79 · revenue +14%/yr · asset light
G 71V 64O 79Cap $12.1B
47
dLocalDLO🇺🇾
runway 79 · revenue +38%/yr · scale economics
G 68V 77O 79Cap $4.1B
48
Stille ABSTIL.SE🇸🇪
runway 79 · revenue +29%/yr · scale economics
G 64V 61O 67Cap $206M
49
Duolingo, Inc.DUOL🇺🇸
runway 79 · revenue +34%/yr · asset light
G 68V 65O 73Cap $5.4B
50
Atour Lifestyle Holdings LtdATAT🇨🇳
runway 79 · revenue +38%/yr · scale economics
G 72V 66O 80Cap $4.6B

Changed this week

Week over week, from the nightly refresh.

Entered
Paxman AB (PAX.GB) · joined at #17 · runway 82 · revenue +27%/yr · asset light
Entered
Hesai Group (HSAI) · joined at #29 · runway 80 · revenue +35%/yr · scale economics
Entered
Clavister AB (CLAV.SE) · joined at #38 · runway 80 · revenue +13%/yr · asset light
Entered
Pagaya Technologies Ltd. (PGY) · joined at #39 · runway 79 · revenue +23%/yr · asset light
Entered
Frequentis AG (FQT.AT) · joined at #4 · runway 84 · revenue +14%/yr · asset light
+7 more
ZDC.CA, STIL.SE, DUOL, TWFG, WAY, 1INN.DE, RBRK also joined
Left
RBRK, MGTX, VMET, WAY, ZDC.CA, TBBB, BDSX, PGY, GRND, STIL.SE, RERE, GDWN.GB

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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 2026-07-28.