We are excited to announce that today, Inc. magazine revealed its annual list of America’s fastest growing private companies, and Cobalt is number 674 on that list! The Inc. 5000 list is a prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy.
Not only are the companies on the 2021 Inc. 5000 very competitive within their markets, but this year’s list also proved to be especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000 companies, the average median three-year growth rate soared to 543 percent and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.
We’re thrilled to make our inaugural appearance on the Inc. 5000 list after the uncertainty of the past 18 months. Being on the list is a testament to the resilience and hard work of everyone at Cobalt. We always say we have the best people, who are building the best products, and are pioneering a new industry. This award is a small testament to that.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
Scott Omelianuk, Editor-in-Chief of Inc., puts it best, “the 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled. Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”
Inc. 5000 Methodology
Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on this year’s Inc. 5000. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.