Multiples Online Marketplaces Index
Tracks all publicly traded online marketplaces across verticals (delivery, ridesharing etc.) and business models (classifieds, B2B, C2C etc.)
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companies tracked
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cumulative enterprise value
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median EV/NTM revenue multiple
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median NTM/LTM revenue growth
This chart shows the weighted market cap evolution over time, indexed to 0% at the beginning of the period
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Data as of February 19, 2026. Index data powered by FactSet and Morningstar, S&P 500 data sourced from Yahoo Finance.
This chart shows the weighted median evolution over time of key valuation metrics
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This chart shows the regression relationship between valuation metrics across companies in the index
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Data as of February 19, 2026. Companies with EV multiples above 50x and y-axis values above 300% are considered non-meaningful and excluded from calculation.
This chart shows company rankings by selected metric within the index
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Data as of February 19, 2026. Companies with EV multiples above 50x are considered non-meaningful and excluded from calculation.
Compare key metrics between companies in the index
| Comp 1 | Comp 2 | Comp 3 |
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Data as of February 19, 2026.
This chart shows the cumulative sum of selected metrics across all companies in the index over time
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Similar to NASDAQ 100 Index, 🩺 Multiples Digital Health Index employs a modified market capitalization weighting scheme.
The weight process uses company-level weightss, which are derived using company enterprise value.
Company weights are evaluated based on two rules:
No company’s weight may exceed 24%.
The aggregate weight of the companies whose weights exceed 4.5% may not exceed 48%.
If neither rule is 'violated', then no adjustments are made. Only in cases where either or both of the rules are 'violated', weight adjustments are made according to a two-stage adjustment process.
If no company’s initial weight exceeds 24% of the Index, initial weights are used as Rule 1 weights without adjustment. Otherwise, initial weights are adjusted such that no company’s weight may exceed 20% of the Index.
If the aggregate weight of the companies whose Rule 1 weights exceeds 4.5% and does not exceed 48%, Rule 1 weights are used as the final weights. Otherwise, Rule 1 weights are adjusted such that:
If the two-stage rule process results in a 'violation' of the weighting rules as previously detailed, then the process is repeated until the company weights meet the rule system.
| Company | HQ | Stock Price | 1Y Perf. | Market Cap | EV/Revenue (LTM) | EV/Revenue (NTM) | Revenue Growth NTM/LTM | Gross Margin (NTM) | EBITDA Margin (NTM) | FCF Margin (NTM) | Rule of 40 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IQVIA | United States of America | USD 167 | +14.7% | $28313.024M | 2.6x | 2.5x | 5% | 34% | 23% | 13% | 29% |
| Veeva | United States of America | USD 174 | +6.2% | $28620.524774M | 7.0x | 6.3x | 13% | 78% | 46% | 44% | 58% |
| JD Health | Hong Kong | HKD 60 | +96.6% | $24700.46434363879M | 1.7x | 1.5x | 17% | 25% | 6% | 8% | 23% |
| Alibaba Health | Hong Kong | HKD 6 | +52.0% | $12729.569852924174M | 2.4x | 2.1x | 13% | 25% | 7% | 9% | 21% |
| Tempus AI | United States of America | USD 52 | +74.9% | $9242.282104M | 7.8x | 6.2x | 24% | 63% | 5% | -1% | 30% |
| HealthEquity | United States of America | USD 74 | -4.5% | $6353.042226M | 5.4x | 5.0x | 8% | 71% | 44% | 32% | 52% |
| M3 Inc. | Japan | JPY 1624 | +51.3% | $7044.538195278228M | 2.8x | 2.4x | 15% | 52% | 25% | 9% | 40% |
| XtalPi | Hong Kong | HKD 11 | +58.2% | $6172.372872561732M | 48.9x | 41.3x | 18% | 77% | -7% | NaN% | 11% |
| Hebei Yangyuan Zhihui | China | CNY 31 | +25.9% | $5719.763270670162M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Waystar | United States of America | USD 22 | -10.8% | $4289.31779M | 4.7x | 4.0x | 17% | 68% | 41% | 25% | 59% |
| Claritev | United States of America | USD 23 | +189.5% | $379.924555M | 5.2x | 5.0x | 4% | 75% | 62% | 2% | 66% |
| Lemonade | United States of America | USD 64 | +94.1% | $4764.850281M | 6.3x | 4.0x | 60% | 46% | -4% | 3% | 55% |
| Benefit Systems | Poland | PLN 4000 | +21.2% | $3708.5481068046347M | 3.5x | 2.8x | 26% | NaN% | 29% | 8% | 54% |
| Hims & Hers Health | United States of America | USD 16 | +34.3% | $3710.670777M | 1.8x | 1.5x | 19% | 74% | 14% | 5% | 32% |
| Nomad Foods | United States of America | USD 13 | -26.2% | $1891.734883M | 1.2x | 1.2x | 1% | 28% | 17% | 8% | 18% |
| Doximity | United States of America | USD 25 | -15.6% | $4621.418128M | 6.2x | 5.6x | 12% | 91% | 55% | 51% | 67% |
| Alignment Healthcare | United States of America | USD 20 | +75.6% | $4037.851353M | 0.9x | 0.7x | 30% | 12% | 3% | 2% | 33% |
| TietoEVRY | Finland | EUR 20 | +7.5% | $2756.68042915815M | 1.6x | 1.6x | 0% | 78% | 17% | 8% | 17% |
| Rasan | Saudi Arabia | SAR 141 | +34.1% | $2908.8072096482547M | 15.9x | 11.5x | 38% | NaN% | 37% | NaN% | 75% |
| Ping An Healthcare | Hong Kong | HKD 14 | +125.4% | $3768.531986347124M | 3.4x | 3.0x | 15% | 35% | 6% | 20% | 22% |
| GeneDx | United States of America | USD 90 | +72.6% | $2605.748788M | 6.0x | 4.9x | 24% | 72% | 3% | NaN% | 27% |
| Hapvida | Brazil | BRL 10 | -56.0% | $950.4387081340417M | 0.4x | 0.4x | 7% | 24% | 11% | 13% | 18% |
| Privia Health | United States of America | USD 22 | +21.6% | $2755.234249M | 1.1x | 1.0x | 10% | 25% | 6% | 5% | 16% |
| CorVel | United States of America | USD 49 | -39.1% | $2516.6999M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| EverCommerce | United States of America | USD 10 | +10.1% | $1838.515634M | 3.8x | 3.6x | 6% | 78% | 31% | 19% | 36% |
| JMDC | Japan | JPY 3665 | +1.5% | $1535.436449214339M | 5.4x | 4.5x | 19% | 59% | 29% | 11% | 48% |
| Oscar Health | United States of America | USD 13 | +6.9% | $3994.98638M | 0.1x | 0.1x | 3% | NaN% | 1% | 2% | 4% |
| Omnicell | United States of America | USD 37 | +1.8% | $1637.993053M | 1.4x | 1.3x | 4% | 43% | 13% | NaN% | 17% |
| Beyond Meat | United States of America | USD 1 | -78.2% | $322.397684M | 5.5x | 5.6x | -2% | 14% | -25% | -35% | -27% |
| Progyny | United States of America | USD 20 | +49.1% | $1753.9761M | 1.1x | 1.0x | 10% | 24% | 17% | 13% | 27% |
| Hangzhou Pinming Software | China | CNY 123 | +418.6% | $1399.6415816789224M | 19.8x | 17.9x | 11% | 77% | NaN% | NaN% | n/a |
| Vitec Software | Sweden | SEK 243 | -43.1% | $1083.1114669859228M | 3.4x | 3.2x | 6% | 71% | 38% | 14% | 44% |
| iFLYHealth | Hong Kong | HKD 88 | -10.1% | $1367.992182837721M | 9.8x | 7.5x | 30% | 57% | NaN% | NaN% | n/a |
| Evolent Health | United States of America | USD 3 | -64.4% | $311.366388M | 0.7x | 0.5x | 28% | 19% | 6% | 2% | 35% |
| Certara | United States of America | USD 7 | -17.3% | $1054.389689M | 2.8x | 2.7x | 6% | 63% | 32% | 21% | 39% |
| Suzhou Sepax Technologies | China | CNY 20 | NaN% | $1219.374112663285M | 21.5x | 17.8x | 21% | 73% | NaN% | NaN% | n/a |
| Teladoc | United States of America | USD 5 | -23.0% | $825.251333M | 0.5x | 0.4x | 1% | 70% | 12% | 7% | 13% |
| Indegene | India | INR 475 | -13.8% | $1256.6898650907974M | 3.2x | 2.7x | 17% | 25% | 19% | 6% | 36% |
| B-Soft Co. | China | CNY 5 | +8.0% | $1226.2318809717956M | 5.8x | 5.3x | 9% | 48% | 8% | NaN% | 18% |
| Sphere | South Korea | KRW 44600 | +301.6% | $1082.0070288930708M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| GoodRx | United States of America | USD 2 | -41.7% | $753.541302M | 1.3x | 1.3x | 3% | 94% | 35% | 19% | 38% |
| Trupanion | United States of America | USD 29 | -22.5% | $1257.792307M | 0.7x | 0.6x | 10% | 18% | 5% | NaN% | 14% |
| GPI Group | Italy | EUR 16 | +45.9% | $548.11768161216M | 1.4x | 1.3x | 6% | NaN% | 21% | 7% | 27% |
| Nutex Health | United States of America | USD 100 | +419.5% | $705.140744M | 0.9x | 0.9x | 4% | NaN% | 33% | NaN% | 37% |
| Oatly | United States of America | USD 12 | -19.4% | $382.037875M | 1.0x | 1.0x | 5% | 33% | 3% | -1% | 8% |
| weSure | Israel | ILS 18 | +149.3% | $833.0438398483896M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| CareDx | United States of America | USD 20 | -12.0% | $1009.622703M | 2.3x | 2.0x | 12% | 69% | 12% | NaN% | 24% |
| SelectQuote | United States of America | USD 1 | -62.1% | $157.743991M | 0.5x | 0.5x | 9% | 51% | 7% | NaN% | 17% |
| Clover Health | United States of America | USD 2 | -25.4% | $1054.023231M | 0.4x | 0.3x | 38% | NaN% | 2% | 4% | 40% |
| Craneware | United Kingdom of Great Britain and Northern Ireland | GBP 15 | -8.5% | $706.87475440758M | 3.1x | 2.8x | 10% | 86% | 31% | 19% | 42% |
| Guiyang Longmaster | China | CNY 15 | -7.9% | $713.1769295076178M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| GoHealth | United States of America | USD 2 | -83.9% | $28.806677M | 1.5x | 2.1x | -28% | 77% | -5% | -13% | -33% |
| Equasens | France | EUR 37 | +1.7% | $653.9535405777M | 2.4x | 2.2x | 8% | NaN% | 29% | 20% | 37% |
| Phreesia | United States of America | USD 12 | -32.8% | $720.429685M | 1.3x | 1.1x | 15% | 83% | 23% | 15% | 38% |
| Schrödinger | United States of America | USD 11 | -7.3% | $839.777614M | 2.2x | 1.8x | 20% | 64% | -31% | NaN% | -10% |
| Talkspace | United States of America | USD 4 | +17.4% | $624.523587M | 2.3x | 1.9x | 22% | 42% | 11% | 10% | 33% |
| HealthStream | United States of America | USD 20 | -27.5% | $601.669818M | 1.7x | 1.7x | 5% | 66% | 24% | 12% | 29% |
| Yidu Tech | Hong Kong | HKD 6 | +10.3% | $821.8026596434165M | 4.8x | 4.2x | 14% | 35% | 8% | -25% | 21% |
| Hippo Insurance | United States of America | USD 28 | +14.7% | $715.972158M | 1.1x | 0.9x | 18% | NaN% | 3% | 25% | 21% |
| Local Bounti | United States of America | USD 2 | +3.4% | $38.306261M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Beijing Sunwayworld | China | CNY 48 | +10.2% | $538.8690596541707M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Heren Health | China | CNY 14 | -4.2% | $543.4763570685689M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Medley Inc. | Japan | JPY 2152 | -38.5% | $425.8631087371394M | 2.0x | 1.6x | 23% | 65% | 14% | 5% | 37% |
| DocMorris | Switzerland | CHF 6 | -39.5% | $357.2299601527149M | 0.3x | 0.3x | 16% | 24% | -2% | -4% | 15% |
| Pluxee | France | EUR 11 | -28.4% | $1873.48548324399M | 0.3x | 0.3x | 2% | NaN% | 37% | 24% | 39% |
| Root Inc. | United States of America | USD 59 | -3.1% | $910.065831M | 0.3x | 0.3x | 6% | NaN% | 7% | 9% | 13% |
| TruBridge | United States of America | USD 20 | +11.9% | $295.677024M | 1.3x | 1.2x | 4% | 54% | 21% | 10% | 24% |
| eHealth | United States of America | USD 2 | -51.1% | $52.300134M | 0.8x | 0.8x | 0% | 100% | 12% | 6% | 12% |
| Fangzhou | Hong Kong | HKD 3 | -65.6% | $476.84839905710436M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Weave Communications | United States of America | USD 6 | -52.0% | $436.944239M | 1.7x | 1.5x | 15% | 73% | 4% | 6% | 20% |
| Medical Data Vision | Japan | JPY 1680 | +329.5% | $407.3123973128727M | 9.0x | 7.7x | 17% | 72% | 14% | 5% | 31% |
| National Research | United States of America | USD 12 | +6.4% | $271.76021M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Qualicorp | Brazil | BRL 2 | +50.0% | $126.28991090154445M | 1.1x | 1.2x | -4% | NaN% | 38% | NaN% | 34% |
| Sophia Genetics | United States of America | USD 5 | +52.1% | $322.951996M | 4.0x | 3.5x | 16% | 69% | -42% | NaN% | -26% |
| Software Service | Japan | JPY 12450 | +6.1% | $417.4147464788038M | 1.1x | 1.0x | 11% | 27% | 15% | NaN% | 26% |
| Vitalhub | Canada | CAD 8 | -16.0% | $371.83075284752M | 3.5x | 3.0x | 20% | 81% | 26% | 23% | 46% |
| EM Systems Co. | Japan | JPY 730 | +1.5% | $323.63504406970003M | 1.8x | 2.0x | -6% | 49% | 16% | NaN% | 10% |
| Spok | United States of America | USD 14 | -17.8% | $282.81286M | 1.9x | 1.9x | 3% | 79% | 23% | NaN% | 26% |
| Kneat | Canada | CAD 4 | -16.0% | $285.37101737328M | 5.6x | 4.4x | 27% | 76% | 20% | 0% | 47% |
| Echo IQ | Australia | AUD 1 | +12.2% | $273.2159220084M | 429.0x | 42.5x | 910% | NaN% | -43% | NaN% | 867% |
| Value HR | Japan | JPY 1424 | -5.7% | $243.52880553699578M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Nordhealth | Norway | NOK 33 | -16.7% | $274.54470099885003M | 3.9x | 3.5x | 12% | 83% | 7% | 0% | 19% |
| Moolec Science | United States of America | USD 9 | -96.8% | $6.266398M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Cogstate | Australia | AUD 2 | +112.7% | $267.3263961756M | 3.9x | 3.4x | 12% | 61% | 31% | 23% | 43% |
| Simulations Plus | United States of America | USD 12 | -34.6% | $247.601529M | 2.7x | 2.6x | 3% | 63% | 29% | NaN% | 32% |
| Health Catalyst | United States of America | USD 2 | -66.2% | $129.437517M | 0.7x | 0.7x | -3% | 51% | 16% | 7% | 13% |
| YSB | Hong Kong | HKD 5 | -5.1% | $450.2753624475129M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| eWeLL Co | Japan | JPY 2270 | +33.4% | $220.23489266317927M | 9.6x | 7.8x | 24% | 79% | 52% | 32% | 76% |
| FitLife Brands | United States of America | USD 14 | -0.2% | $133.634954M | 2.1x | 1.4x | 51% | 39% | 17% | 8% | 68% |
| Sinohealth Holdings | Hong Kong | HKD 5 | +0.9% | $271.3803027590309M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Ever Fortune.AI | Taiwan | TWD 66 | -9.1% | $196.14464809115904M | 16.5x | 12.4x | 33% | 65% | NaN% | 16% | n/a |
| Carasent | Sweden | SEK 24 | +23.6% | $190.12458966408616M | 4.5x | 3.9x | 16% | 85% | 29% | 14% | 45% |
| AdvancedAdvT | United Kingdom of Great Britain and Northern Ireland | GBP 2 | +9.5% | $293.98172181245997M | 2.5x | 2.3x | 7% | NaN% | 26% | 22% | 33% |
| OptimizeRx | United States of America | USD 9 | +152.7% | $163.105705M | 1.6x | 1.4x | 13% | 63% | 17% | NaN% | 30% |
| Kusurinomadoguchi | Japan | JPY 2576 | +86.2% | $185.15089065459867M | 2.2x | 2.0x | 11% | 55% | 31% | NaN% | 42% |
| MTI Ltd. | Japan | JPY 685 | -37.7% | $243.42359210592645M | 0.8x | 0.8x | 5% | 77% | 15% | NaN% | 20% |
| Definitive Healthcare | United States of America | USD 2 | -30.2% | $164.252385M | 0.6x | 0.7x | -2% | 81% | 28% | 18% | 26% |
| Oneview Healthcare | Australia | AUD 0 | +33.9% | $152.1601005627M | 9.3x | 7.3x | 28% | 69% | -45% | -45% | -18% |
| AMJ Global Technology | United States of America | USD 1 | +340.0% | $140.544171M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Kanamic Network | Japan | JPY 518 | +3.6% | $157.43722630011527M | 3.8x | 3.3x | 17% | 66% | 34% | NaN% | 51% |
| Omda | Norway | NOK 41 | +39.7% | $88.76213852013M | 2.7x | 2.6x | 5% | 94% | 31% | 16% | 36% |
| AIX Inc. | United States of America | USD 2 | NaN% | $200.586635M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Findex | Japan | JPY 888 | +6.1% | $138.82778741921027M | 3.1x | 2.8x | 14% | 64% | 32% | NaN% | 46% |
| BlueMTec | South Korea | KRW 4365 | +12.0% | $101.09296694253581M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| LifeMD | United States of America | USD 3 | -32.9% | $133.81776M | 0.5x | 0.5x | -5% | 86% | 7% | NaN% | 1% |
| MARX Biotech | Taiwan | TWD 6 | -35.7% | $101.45105964652997M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| CE Holdings | Japan | JPY 1191 | +89.9% | $126.93227561703112M | 1.1x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| CareCloud | United States of America | USD 2 | -20.2% | $98.573115M | 0.9x | 0.8x | 11% | 47% | 24% | NaN% | 35% |
| Vanfund Urban Investment | China | CNY 2 | +0.4% | $99.40261115085728M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Talea Group | Italy | EUR 5 | -3.8% | $48.48944064327M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Alcidion Group | Australia | AUD 0 | +75.0% | $95.12133903269999M | 2.9x | 2.7x | 5% | 87% | 16% | 18% | 21% |
| Champions Oncology | United States of America | USD 6 | -19.4% | $86.025789M | 1.4x | 1.3x | 9% | 48% | 2% | NaN% | 11% |
| DarioHealth | United States of America | USD 12 | -27.6% | $79.208588M | 3.5x | 2.7x | 29% | 63% | -53% | -194% | -24% |
| ezCaretech | South Korea | KRW 9080 | +5.5% | $83.56621773090619M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| NetraMark | Canada | CAD 1 | +8.4% | $71.07218878691M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Nightingale Health | Finland | EUR 2 | -28.8% | $120.7051353057M | 11.5x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| DocCheck | Germany | EUR 13 | +47.3% | $80.92814609154M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Data Horizon | Japan | JPY 480 | +6.2% | $39.01379337607627M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| PharmX Technologies | Australia | AUD 0 | +116.2% | $59.448291885M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Health In Tech | United States of America | USD 1 | -70.3% | $62.0306M | 1.7x | 1.3x | 30% | 61% | 13% | NaN% | 42% |
| Doctor Care Anywhere | Australia | AUD 0 | +106.7% | $42.852801636M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Maps | Italy | EUR 3 | -4.8% | $44.09816922654M | 1.2x | 1.0x | 14% | NaN% | 26% | 8% | 40% |
| Acer Medical | Taiwan | TWD 100 | -27.2% | $48.19696629647999M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Kooth | United Kingdom of Great Britain and Northern Ireland | GBP 1 | -36.6% | $61.13222795196M | 0.5x | 0.4x | 5% | 72% | 16% | 6% | 21% |
| Proteomics International | Australia | AUD 0 | -18.3% | $46.214931035700005M | 13.9x | 10.7x | 31% | 89% | -134% | -158% | -104% |
| SOFTMAX | Japan | JPY 335 | +60.0% | $51.59642772459211M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Forian | United States of America | USD 2 | +2.9% | $65.251729M | 1.2x | 1.2x | 7% | 53% | 5% | NaN% | 12% |
| BIT Computer | South Korea | KRW 5230 | -4.6% | $55.52456276520057M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| EUDA Health | United States of America | USD 1 | -48.4% | $31.88041M | 3.6x | 0.8x | 361% | 40% | NaN% | NaN% | n/a |
| CareView Communications | United States of America | USD 0 | -61.9% | $12.991346M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Beamtree | Australia | AUD 0 | -18.1% | $32.938013277900005M | 1.6x | 1.3x | 25% | NaN% | 6% | -4% | 31% |
| Zhibao Technology | United States of America | USD 1 | -42.6% | $27.107345M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Waqoo | Japan | JPY 1401 | +25.3% | $31.606886202859833M | 2.2x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Farmacosmo | Italy | EUR 1 | -51.7% | $25.40849414565M | 0.4x | 0.4x | 4% | 51% | 2% | 1% | 6% |
| Sat Kartar Shopping | India | INR 146 | NaN% | $25.236342541868584M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Sleep Cycle | Sweden | SEK 16 | -31.8% | $36.5056778921928M | 0.8x | 0.8x | 7% | 80% | 31% | 35% | 38% |
| VSee Health | United States of America | USD 0 | -72.1% | $13.316409M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Towa Hi System | Japan | JPY 2418 | +24.0% | $34.499596678283844M | 1.5x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Physitrack | Sweden | SEK 9 | +50.6% | $17.170819349067454M | 1.2x | 1.1x | 9% | NaN% | 40% | NaN% | 48% |
| Pilulka Lekarny | Czechia | CZK 140 | +58.1% | $18.646169743731058M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| E8ight | South Korea | KRW 1385 | -62.8% | $13.748803075720275M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Lantern Pharma | United States of America | USD 3 | -5.0% | $29.415032M | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Natural Health Trends | United States of America | USD 4 | -33.1% | $43.0589M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| MedApp | Poland | PLN 0 | -44.8% | $15.716551095613582M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Movano | United States of America | USD 12 | -84.1% | $13.417677M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Induct | Norway | NOK 4 | +90.4% | $13.126815670560001M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Welby | Japan | JPY 288 | -17.2% | $15.263852426143027M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Firefly Neuroscience | United States of America | USD 1 | -68.5% | $11.086983M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Vidavo | Greece | EUR 8 | +155.0% | $9.71756347683M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| UniDoc Health | Canada | CAD 0 | -67.4% | $9.54949925951M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Pharmena | Poland | PLN 3 | -32.1% | $10.875546957698164M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Media Lab | France | EUR 3 | +61.3% | $9.027311039999999M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| MRSO | Japan | JPY 886 | -16.5% | $19.90797920114881M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Carelabs Co | South Korea | KRW 2950 | +16.9% | $39.18409669317931M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| 7FIT | Poland | PLN 12 | +80.0% | $5.986533377863567M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Brainscan | Poland | PLN 20 | -53.7% | $6.7882191113954M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Ludwig Enterprises | United States of America | USD 0 | -64.5% | $3.576535M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Stem Cells Spin | Poland | PLN 0 | +107.1% | $5.147787545497257M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Aino Health | Sweden | SEK 0 | -28.8% | $3.692028351908026M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Bullfrog AI | United States of America | USD 0 | -53.8% | $5.250764M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| NextPlat | United States of America | USD 1 | -50.6% | $14.302021M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Telemedycyna Polska | Poland | PLN 1 | -64.0% | $1.7837107082005446M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Mobile-Health Network Solutions | United States of America | USD 1 | -93.0% | $2.272281M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Monsenso | Denmark | DKK 0 | -59.2% | $1.4361721926079671M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Brain+ | Denmark | DKK 0 | -78.6% | $0.6136970064800992M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| CodeLab Capital | Norway | NOK 2 | -10.9% | $3.70863529155M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Seer | United States of America | USD 2 | -15.0% | $113.628074M | -3.6x | -2.8x | 30% | 51% | NaN% | NaN% | n/a |
| American Well | United States of America | USD 5 | -32.3% | $88.404727M | -0.4x | -0.4x | -3% | 54% | -11% | -12% | -14% |
Stock prices as of February 19, 2026. Rule of 40 and revenue per FTE data is based on the last fiscal year. Financial data powered by Morningstar and FactSet.
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