Multibagger

Research · refreshed nightly · July 28, 2026

Companies That Never Need to Raise Money (July 2026)

Self-funding companies still growing fast.

A company that never needs to raise money never faces a financing window slammed shut. These 50 self-funders are ranked by our growth dimension, and Palantir leads at 90 with a $351B cap. Applovin, NVIDIA, and Credo share 88, Arista sits at 87 while growing revenue 27% a year, and every one of them pays for tomorrow out of today's cash flow.

Self-funding changes the risk shape more than the return shape: no dilution treadmill, no lender's veto, no covenants to renegotiate. The median score of 78.5 marks an unusually strong field, and it is not all giants: Italian jeweler FOPE, at $244M, makes the top ten. Click any name for the full citation-backed analysis.

50companies qualify
79.5median growth
68median MGI
20joined this week

The ranking

Sorted by growth
1
AppLovin CorporationAPP🇺🇸
growth 90 · revenue +17%/yr · asset light
G 72V 58O 76Cap $136.2B
2
NVIDIA CorporationNVDA🇺🇸
growth 88 · revenue +60%/yr · asset light
G 38V 49O 37Cap $4.90T
3
Credo Technology Group Holding LtdCRDO🇺🇸
growth 88 · revenue +80%/yr · asset light
G 75V 54O 76Cap $36.5B
4
Palantir Technologies Inc.PLTR🇺🇸
growth 86 · revenue +28%/yr · asset light
G 61V 46O 59Cap $333.0B
5
Comfort Systems USA, Inc.FIX🇺🇸
growth 85 · revenue +30%/yr · scale economics
G 68V 56O 72Cap $65.3B
6
Taiwan Semiconductor Manufacturing Company LimitedTSM🇹🇼
growth 84 · revenue +23%/yr · asset light
G 50V 47O 48Cap $2.03T
7
Astera Labs, Inc.ALAB🇺🇸
growth 84 · revenue +105%/yr · asset light
G 73V 43O 70Cap $48.4B
8
Arista Networks, Inc.ANET🇺🇸
growth 84 · revenue +27%/yr · asset light
G 68V 59O 73Cap $184.8B
9
Alnylam Pharmaceuticals, Inc.ALNY🇺🇸
growth 84 · revenue +38%/yr · asset light
G 76V 58O 80Cap $40.7B
10
FOPE S.p.A.FPE.IT🇮🇹
growth 83 · revenue +27%/yr · asset light
G 70V 63O 74Cap $242.5M
11
Atour Lifestyle Holdings LtdATAT🇨🇳
growth 83 · revenue +38%/yr · scale economics
G 72V 66O 80Cap $4.6B
12
argenx SEARGX🇳🇱
growth 83 · revenue +58%/yr · asset light
G 71V 57O 74Cap $56.6B
13
Dave Inc.DAVE🇺🇸
growth 82 · revenue +32%/yr · asset light
G 61V 63O 65Cap $5.2B
14
Shopify Inc.SHOP🇨🇦
growth 82 · revenue +22%/yr · scale economics
G 73V 51O 74Cap $159.5B
15
BillionToOne, Inc.BLLN🇺🇸
growth 82 · revenue +70%/yr · asset light
G 77V 54O 79Cap $5.9B
16
Monolithic Power Systems, Inc.MPWR🇺🇸
growth 81 · revenue +20%/yr · asset light
G 66V 42O 62Cap $59.8B
17
Insulet CorporationPODD🇺🇸
growth 81 · revenue +21%/yr · asset light
G 72V 62O 78Cap $13.0B
18
Goodwin PLCGDWN.GB🇬🇧
growth 81 · revenue +13%/yr · scale economics
G 76V 59O 80Cap $2.0B
19
Veeva Systems Inc.VEEV🇺🇸
growth 80 · revenue +14%/yr · asset light
G 75V 68O 87Cap $28.5B
20
Plejd ABPLEJD.SE🇸🇪
growth 80 · revenue +28%/yr · asset light
G 75V 69O 81Cap $835.1M
21
Vertiv Holdings CoVRT🇺🇸
growth 80 · revenue +17%/yr · scale economics
G 67V 55O 70Cap $103.3B
22
Reddit, Inc.RDDT🇺🇸
growth 80 · revenue +39%/yr · asset light
G 70V 69O 75Cap $30.2B
23
Liquidia CorporationLQDA🇺🇸
growth 80 · revenue +86%/yr · asset light
G 47V 45O 45Cap $7.5B
24
Samsara Inc.IOT🇺🇸
growth 80 · revenue +36%/yr · asset light
G 74V 56O 77Cap $19.2B
25
Arm Holdings plcARM🇬🇧
growth 80 · revenue +19%/yr · asset light
G 64V 36O 59Cap $284.5B
26
Cadence Design Systems, Inc.CDNS🇺🇸
growth 79 · revenue +14%/yr · asset light
G 68V 48O 67Cap $95.1B
27
ASML Holding N.V.ASML🇳🇱
growth 79 · revenue +14%/yr · asset light
G 64V 44O 60Cap $746.1B
28
Sezzle Inc.SEZL🇺🇸
growth 79 · revenue +33%/yr · asset light
G 62V 54O 63Cap $5.3B
29
LIMES Schlosskliniken AGLIK.DE🇩🇪
growth 78 · revenue +37%/yr · asset light
G 65V 66O 70Cap $189.5M
30
Mastercard IncorporatedMA🇺🇸
growth 78 · revenue +12%/yr · asset light
G 64V 57O 69Cap $465.3B
31
Datadog, Inc.DDOG🇺🇸
growth 78 · revenue +29%/yr · asset light
G 68V 49O 68Cap $89.7B
32
Applied Nutrition plcAPN.GB🇬🇧
growth 78 · revenue +44%/yr · scale economics
G 62V 58O 64Cap $1.1B
33
Gaztransport et Technigaz S.A.GTT.FR🇫🇷
growth 78 · revenue +15%/yr · asset light
G 68V 64O 76Cap $7.3B
34
innoscripta SE1INN.DE🇩🇪
growth 78 · revenue +43%/yr · asset light
G 66V 72O 74Cap $812.3M
35
IES Holdings, Inc.IESC🇺🇸
growth 77 · revenue +16%/yr · scale economics
G 65V 57O 67Cap $10.8B
36
Caris Life Sciences, Inc.CAI🇺🇸
growth 77 · revenue +44%/yr · asset light
G 72V 62O 77Cap $4.7B
37
CrowdStrike Holdings, Inc.CRWD🇺🇸
growth 77 · revenue +32%/yr · asset light
G 65V 44O 62Cap $183.4B
38
Fortinet, Inc.FTNT🇺🇸
growth 76 · revenue +16%/yr · asset light
G 69V 52O 70Cap $111.6B
39
Games Workshop Group PLCGAW.GB🇬🇧
growth 76 · revenue +16%/yr · asset light
G 61V 55O 64Cap $8.7B
40
MongoDB, Inc.MDB🇺🇸
growth 76 · revenue +27%/yr · asset light
G 67V 58O 69Cap $22.6B
41
D-BOX Technologies Inc.DBO.CA🇨🇦
growth 76 · revenue +27%/yr · asset light
G 62V 63O 66Cap $195.2M
42
BELIMO Holding AGBEAN.CH🇨🇭
growth 76 · revenue +10%/yr · asset light
G 62V 46O 60Cap $13.1B
43
AvePoint, Inc.AVPT🇺🇸
growth 76 · revenue +18%/yr · asset light
G 68V 70O 75Cap $2.4B
44
Saab ABSAAB.B.SE🇸🇪
growth 76 · revenue +18%/yr · scale economics
G 67V 53O 68Cap $35.4B
45
Intuitive Surgical, Inc.ISRG🇺🇸
growth 76 · revenue +14%/yr · asset light
G 66V 51O 67Cap $134.3B
46
Tatton Asset Management plcTAM.GB🇬🇧
growth 76 · revenue +14%/yr · scale economics
G 69V 65O 74Cap $529.7M
47
The Vita Coco Company, Inc.COCO🇺🇸
growth 76 · revenue +13%/yr · scale economics
G 63V 55O 65Cap $3.8B
48
Accelleron Industries AGACLN.CH🇨🇭
growth 76 · revenue +17%/yr · scale economics
G 64V 52O 65Cap $8.5B
49
Medistim ASAMEDI.NO🇳🇴
growth 75 · revenue +11%/yr · asset light
G 58V 59O 60Cap $450.1M
50
ALK-Abelló A/SALK.B.DK🇩🇰
growth 75 · revenue +11%/yr · asset light
G 68V 60O 73Cap $7.2B

Changed this week

Week over week, from the nightly refresh.

Entered
Cadence Design Systems, Inc. (CDNS) · joined at #26 · growth 79 · revenue +14%/yr · asset light
Entered
ALK-Abelló A/S (ALK.B.DK) · joined at #50 · growth 75 · revenue +11%/yr · asset light
Entered
KNT.CA (KNT.CA) · since left the ranking
Entered
KLAC (KLAC) · since left the ranking
Entered
Medistim ASA (MEDI.NO) · joined at #49 · growth 75 · revenue +11%/yr · asset light
+7 more
VH2.DE, KLAC, ARGX, FTNT, COCO, DBO.CA, GAW.GB also joined
Left
KNT.CA, KLAC, WSE, VH2.DE, KLAC, 6160.US, STRL, KLAC, AVGO, NOW, MSCI, AMD

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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.