Research · refreshed nightly · July 28, 2026
Small Companies Attacking Massive Markets (July 2026)
Small companies attacking huge markets.
A small company attacking a massive market is the oldest asymmetry in growth. This list ranks fifty such mismatches by runway. tonies SE leads at 88 on a $1.4B cap; STIF at just $316M and Nordrest at $406M both score 84; CHAPTERS Group posts 84 too, while compounding revenue 179% a year.
Runway here is a claim about the gap between today's revenue and the market being attacked, and the caps make the point: nine of the top ten sit below a $1.3B cap. A median of 79 says these stories are early, and whether each David carries a real sling is what the underlying analyses test. Click any name for the full citation-backed analysis.
50companies qualify
80median runway
64median MGI
33joined this week
The ranking
Sorted by runway
1
Trainline plcTRN.GB🇬🇧
runway 87 · revenue +25%/yr · asset light
G 69V 70O 75Cap $1.0B
MGI
69
MVI
70
MTI
53
MOI
75
Cap
$1.0B
Growth
+2%2
Anpario plcANP.GB🇬🇧
runway 85 · revenue +9%/yr · asset light
G 69V 63O 73Cap $112.1M
MGI
69
MVI
63
MTI
33
MOI
73
Cap
$112.1M
Growth
+24%3
STIF S.A.ALSTI.FR🇫🇷
runway 84 · revenue +42%/yr · asset light
G 68V 61O 71Cap $309.8M
MGI
68
MVI
61
MTI
38
MOI
71
Cap
$309.8M
Growth
+48%4
Frequentis AGFQT.AT🇦🇹
runway 84 · revenue +14%/yr · asset light
G 71V 70O 79Cap $1.1B
MGI
71
MVI
70
MTI
35
MOI
79
Cap
$1.1B
Growth
+21%5
Nordrest Holding ABNREST.SE🇸🇪
runway 84 · revenue +38%/yr · scale economics
G 69V 68O 74Cap $373.8M
MGI
69
MVI
68
MTI
45
MOI
74
Cap
$373.8M
Growth
+30%6
CHAPTERS Group AGCHG.DE🇩🇪
runway 84 · revenue +179%/yr · asset light
G 58V 52O 58Cap $1.1B
MGI
58
MVI
52
MTI
37
MOI
58
Cap
$1.1B
Growth
+63%7
Diaceutics PLCDXRX.GB🇬🇧
runway 83 · revenue +25%/yr · asset light
G 61V 67O 65Cap $143.9M
MGI
61
MVI
67
MTI
38
MOI
65
Cap
$143.9M
Growth
+20%8
SN
Synektik S.A.SNT.PL🇵🇱
runway 83 · revenue +35%/yr · asset light
G 73V 64O 78Cap $657.1M
MGI
73
MVI
64
MTI
46
MOI
78
Cap
$657.1M
Growth
+35%9
Concejo AB (publ)CNCJO.B.SE🇸🇪
runway 83 · revenue +14%/yr · scale economics
G 47V 59O 49Cap $57.9M
MGI
47
MVI
59
MTI
45
MOI
49
Cap
$57.9M
Growth
-10%10
TWFG, Inc.TWFG🇺🇸
runway 83 · revenue +16%/yr · scale economics
G 70V 77O 78Cap $303M
MGI
70
MVI
77
MTI
43
MOI
78
Cap
$303M
Growth
+36%11
AtriCure, Inc.ATRC🇺🇸
runway 83 · revenue +16%/yr · asset light
G 69V 59O 72Cap $1.7B
MGI
69
MVI
59
MTI
45
MOI
72
Cap
$1.7B
Growth
+14%12
Plejd ABPLEJD.SE🇸🇪
runway 83 · revenue +28%/yr · asset light
G 75V 69O 81Cap $835.1M
MGI
75
MVI
69
MTI
35
MOI
81
Cap
$835.1M
Growth
+28%13
tonies SETNIE.DE🇩🇪
runway 82 · revenue +36%/yr · asset light
G 69V 65O 75Cap $1.6B
MGI
69
MVI
65
MTI
40
MOI
75
Cap
$1.6B
Growth
+33%14
First Watch Restaurant Group, Inc.FWRG🇺🇸
runway 82 · revenue +16%/yr · asset light
G 36V 58O 37Cap $714.8M
MGI
36
MVI
58
MTI
50
MOI
37
Cap
$714.8M
Growth
+17%15
Vitalhub Corp.VHI.CA🇨🇦
runway 82 · revenue +37%/yr · asset light
G 73V 71O 80Cap $309.8M
MGI
73
MVI
71
MTI
28
MOI
80
Cap
$309.8M
Growth
+47%16
Paxman ABPAX.GB🇬🇧
runway 82 · revenue +27%/yr · asset light
G 65V 62O 69Cap $128.5M
MGI
65
MVI
62
MTI
24
MOI
69
Cap
$128.5M
Growth
+33%17
Eagle Eye Solutions Group plcEYE.GB🇬🇧
runway 82 · revenue +17%/yr · asset light
G 70V 67O 75Cap $196.6M
MGI
70
MVI
67
MTI
42
MOI
75
Cap
$196.6M
Growth
+11%18
Mama's Creations, Inc.MAMA🇺🇸
runway 81 · revenue +34%/yr · scale economics
G 56V 44O 54Cap $825.3M
MGI
56
MVI
44
MTI
47
MOI
54
Cap
$825.3M
Growth
+50%19
SS Innovations International, Inc.SSII🇮🇳
runway 81 · revenue +102%/yr · scale economics
G 36V 47O 36Cap $896.6M
MGI
36
MVI
47
MTI
60
MOI
36
Cap
$896.6M
Growth
+117%20
Beeks Financial Cloud Group plcBKS.GB🇬🇧
runway 80 · revenue +27%/yr · scale economics
G 55V 58O 57Cap $198.6M
MGI
55
MVI
58
MTI
42
MOI
57
Cap
$198.6M
Growth
+27%21
Hesai GroupHSAI🇨🇳
runway 80 · revenue +35%/yr · scale economics
G 60V 65O 63Cap $313.9M
MGI
60
MVI
65
MTI
58
MOI
63
Cap
$313.9M
Growth
+30%22
MeiraGTx Holdings plcMGTX🇺🇸
runway 80 · revenue +16%/yr · asset light
G 41V 59O 43Cap $1.1B
MGI
41
MVI
59
MTI
42
MOI
43
Cap
$1.1B
Growth
-85%23
4imprint Group plcFOUR.GB🇬🇧
runway 80 · revenue +19%/yr · scale economics
G 60V 58O 64Cap $1.3B
MGI
60
MVI
58
MTI
38
MOI
64
Cap
$1.3B
Growth
-1%24
Axon Partners Group S.A.APG.ES🇪🇸
runway 80 · revenue +20%/yr · asset light
G 64V 66O 68Cap $94.7M
MGI
64
MVI
66
MTI
42
MOI
68
Cap
$94.7M
Growth
+17%25
Nordic Aqua Partners ASNOAP.NO🇳🇴
runway 80 · revenue +214%/yr · asset light
G 39V 58O 40Cap $175.1M
MGI
39
MVI
58
MTI
50
MOI
40
Cap
$175.1M
Growth
+162%26
Facephi Biometria, S.A.FACE.ES🇪🇸
runway 80 · revenue +58%/yr · asset light
G 47V 86O 55Cap $52.4M
MGI
47
MVI
86
MTI
52
MOI
55
Cap
$52.4M
Growth
+25%27
CAB Payments Holdings plcCABP.GB🇬🇧
runway 80 · revenue +23%/yr · asset light
G 57V 63O 60Cap $233.8M
MGI
57
MVI
63
MTI
55
MOI
60
Cap
$233.8M
Growth
+11%28
Cellectis S.A.CLLS🇫🇷
runway 80 · revenue +14%/yr · asset light
G 30V 59O 31Cap $296.7M
MGI
30
MVI
59
MTI
62
MOI
31
Cap
$296.7M
Growth
-46%29
Clavister ABCLAV.SE🇸🇪
runway 80 · revenue +13%/yr · asset light
G 40V 65O 42Cap $96.4M
MGI
40
MVI
65
MTI
42
MOI
42
Cap
$96.4M
Growth
+13%30
Pure Cycle CorporationPCYO🇺🇸
runway 80 · revenue +18%/yr · scale economics
G 70V 59O 72Cap $257.3M
MGI
70
MVI
59
MTI
28
MOI
72
Cap
$257.3M
Growth
+60%31
Alphatec Holdings, Inc.ATEC🇺🇸
runway 80 · revenue +10%/yr · asset light
G 29V 60O 31Cap $1.5B
MGI
29
MVI
60
MTI
46
MOI
31
Cap
$1.5B
Growth
+14%32
CeriBell, Inc.CBLL🇺🇸
runway 80 · revenue +28%/yr · asset light
G 58V 69O 64Cap $690.9M
MGI
58
MVI
69
MTI
43
MOI
64
Cap
$690.9M
Growth
+29%33
Versamet Royalties CorporationVMET🇨🇦
runway 79 · revenue +160%/yr · scale economics
G 66V 69O 71Cap $1.2B
MGI
66
MVI
69
MTI
43
MOI
71
Cap
$1.2B
Growth
+160%34
innoscripta SE1INN.DE🇩🇪
runway 79 · revenue +43%/yr · asset light
G 66V 72O 74Cap $812.3M
MGI
66
MVI
72
MTI
53
MOI
74
Cap
$812.3M
Growth
+58%35
Zedcor Inc.ZDC.CA🇨🇦
runway 79 · revenue +38%/yr · asset light
G 43V 66O 46Cap $396M
MGI
43
MVI
66
MTI
45
MOI
46
Cap
$396M
Growth
+69%36
Stille ABSTIL.SE🇸🇪
runway 79 · revenue +29%/yr · scale economics
G 64V 61O 67Cap $206M
MGI
64
MVI
61
MTI
36
MOI
67
Cap
$206M
Growth
+11%37
Pagaya Technologies Ltd.PGY🇺🇸
runway 79 · revenue +23%/yr · asset light
G 50V 68O 54Cap $1.4B
MGI
50
MVI
68
MTI
53
MOI
54
Cap
$1.4B
Growth
+6%38
Flywire CorporationFLYW🇺🇸
runway 79 · revenue +27%/yr · asset light
G 67V 76O 77Cap $1.7B
MGI
67
MVI
76
MTI
52
MOI
77
Cap
$1.7B
Growth
+41%39
Yuanbao Inc.YB🇨🇳
runway 79 · revenue +65%/yr · asset light
G 69V 60O 72Cap $653.4M
MGI
69
MVI
60
MTI
60
MOI
72
Cap
$653.4M
Growth
+36%40
Volution Group plcFAN.GB🇬🇧
runway 78 · revenue +10%/yr · asset light
G 67V 58O 70Cap $1.7B
MGI
67
MVI
58
MTI
35
MOI
70
Cap
$1.7B
Growth
+6%41
Tatton Asset Management plcTAM.GB🇬🇧
runway 78 · revenue +14%/yr · scale economics
G 69V 65O 74Cap $529.7M
MGI
69
MVI
65
MTI
37
MOI
74
Cap
$529.7M
Growth
+20%42
ACV Auctions Inc.ACVA🇺🇸
runway 78 · revenue +17%/yr · asset light
G 62V 65O 67Cap $1.4B
MGI
62
MVI
65
MTI
48
MOI
67
Cap
$1.4B
Growth
+12%43
PFISTERER Holding SEPFSE.DE🇩🇪
runway 78 · revenue +334%/yr · scale economics
G 67V 62O 71Cap $1.5B
MGI
67
MVI
62
MTI
38
MOI
71
Cap
$1.5B
Growth
+27%44
Kraken Robotics Inc.PNG.CA🇨🇦
runway 78 · revenue +33%/yr · asset light
G 49V 53O 50Cap $1.5B
MGI
49
MVI
53
MTI
42
MOI
50
Cap
$1.5B
Growth
+35%45
Health In Tech, Inc.HIT🇺🇸
runway 78 · revenue +21%/yr · asset light
G 48V 64O 51Cap $83.3M
MGI
48
MVI
64
MTI
48
MOI
51
Cap
$83.3M
Growth
+9%46
DoubleVerify Holdings, Inc.DV🇺🇸
runway 78 · revenue +18%/yr · asset light
G 67V 73O 78Cap $1.6B
MGI
67
MVI
73
MTI
43
MOI
78
Cap
$1.6B
Growth
+10%47
Dar Global PLCDAR.AE🇦🇪
runway 78 · revenue +89%/yr · scale economics
G 64V 65O 69Cap $1.4B
MGI
64
MVI
65
MTI
52
MOI
69
Cap
$1.4B
Growth
+124%48
Kuros Biosciences LtdKURN.CH🇨🇭
runway 78 · revenue +101%/yr · asset light
G 70V 59O 74Cap $1.0B
MGI
70
MVI
59
MTI
43
MOI
74
Cap
$1.0B
Growth
+72%
Changed this week
Week over week, from the nightly refresh.
Entered
Concejo AB (publ) (CNCJO.B.SE) · joined at #9 · runway 83 · revenue +14%/yr · scale economics
EnteredPaxman AB (PAX.GB) · joined at #16 · runway 82 · revenue +27%/yr · asset light
EnteredHesai Group (HSAI) · joined at #21 · runway 80 · revenue +35%/yr · scale economics
EnteredCellectis S.A. (CLLS) · joined at #28 · runway 80 · revenue +14%/yr · asset light
EnteredClavister AB (CLAV.SE) · joined at #29 · runway 80 · revenue +13%/yr · asset light
+7 more
FQT.AT, HIT, SSII, WLDN, NAT.ES, ODD, PNG.CA also joined
Left
WLDN, RELAIS.FI, KITS.CA, RDVT, MNTN, NAT.ES, ODD, TBBB, BDSX, RERE, SATL, HIT
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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.