The 10 tech companies that have grown their revenues fastest (Mar 2022)

The last year has seen a lot of activity — we come out of Covid (fingers crossed) but the markets have taken a step back. One year returns for the Nasdaq are now negative.

But some tech companies have continued to shine with blockbuster revenue growth. These tech companies (all with at least $100m in revenue and $10bn in market cap) have outgrown their peers.

Here’s the query on Fidap.

Fastest growing tech companies

Zillow has rode the wave of record housing prices while Coinbase was boosted by a boom in crypto trading.

Interesting observations —

1. Seven out of ten have notched revenue growth of >100% — or more than doubling over the year.
2. Five out of eight have negative one year stock performance, despite the revenue growth (two haven’t been around for a year yet).
3. Three out of ten are also in our highest valuation list (Snowflake, Bill.com and Datadog).

Interestingly, valuations and returns haven’t quite been as impressive as revenue growth.