Inc. 5000 on Tuesday released its annual ranking of the fastest-growing private companies in America with 19 New Jersey-based firms ranking in the top 1000.
The 2025 Inc. 5000 honors small businesses that are driving the U.S. economy, with this year’s honorees collectively generating over $300 billion in 2024 revenue and adding more than 536,000 jobs over the past three years.
The Inc. 5000 ranks companies based on their percentage revenue growth from 2021 to 2024. The top spot on this year’s list belongs to Akool, which recorded an astounding 37,364% growth rate. Other notable companies on the list include CoreWeave, Momofuku Goods, Poppi, Sweet Loren’s, and Tecovas.
Livingston-based CoreWeave secured the No. 45 spot on the list, with a remarkable three-year growth of 5,896%. The firm’s rapid ascent was underscored by a significant investment from OpenAI in March, which involved issuing $350 million worth of stock to Sam Altman’s company. Following this, CoreWeave went public with a valuation of $23 billion, and its market capitalization had already climbed to $75 billion by mid-July.
“The Inc. 5000 is one of the most important things we publish each year – a real-time bellwether of American business,” Mike Hofman, editor-in-chief of Inc. said. He highlighted the list as powerful proof of the innovation and resilience of entrepreneurs navigating a challenging economic landscape.
Key Highlights and Trends
The median revenue growth for the top 500 companies was 1,552%, while the median for the full list was 169%. Key industry sectors with strong growth included Health Care & Medical, Government Services, and Construction. Geographically, the Milwaukee-Waukesha, WI metropolitan area led with a median growth rate of 358%, followed by Chattanooga, TN-GA, and Charleston-North Charleston, SC.
The 2025 list features a diverse range of companies, including:
- 41 companies with revenue of $1 billion or more.
- 110 companies that have made the list 10 or more times.
- 19 single-person operations.
The top-ranked company by revenue is Carahsoft Technology.
The full list, including company profiles and interactive data, is available at www.inc.com/inc5000.
A look at the top 1,000 firms in New Jersey that made the Inc. 5000 listed by ranking and sector.
- No. 30 Titanium Tours, Travel & Hospitality, Mendham
- No. 31 Texting For Less, Telecommunications, Hackensack
- No. 36 Moonrock, Advertising, Marketing & PR, Oradell
- No. 39 ShipDudes, Logistics & Transportation, North Bergen
- No. 42 Hyqoo, Human Resources, Basking Ridge
- No. 45 CoreWeave, Artificial Intelligence & Data, Livingston
- No. 198 Opal Energy Group, Energy, Somerville
- No. 316 Alongi Media, Media, Arts & Entertainment, Flemington
- No. 334 Acuitas360, Business Products & Services, Princeton
- No. 411 OrnamentallyYou, Consumer Products, Oakland
- No. 422 Centric Packaging, Business Products & Services, Kearny
- No. 538 Mangone Law Firm, Legal, Morris Plains
- No. 564 Culina Health, Healthcare & Medical, Hoboken
- No. 655 Tah Construction, Construction, Manalapan
- No. 685 Victory Home Remodeling, Construction, Holmdel
- No. 713 Redefine Healthcare, Healthcare & Medical, Matawan
- No. 755 Attain Physical Therapy, Healthcare & Medical, Shrewsbury
- No. 786, Ans, Engineering, South Plainfield
- No. 990 Manhole Covers Direct, Manufacturing, Boonton
