Inc. 5000

Company News

Avatar by Morgan Friberg | August 12, 2020

For the fourth year in a row, Liftoff makes the Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. With three-year revenue growth of 430%, Liftoff ranks no. 1,073 on this year’s list, putting us in the top 22% of all 2020 Inc. 5000 honorees.

Inc. also recognized Liftoff as a Best Place to Work three years in a row.

The Inc. 5000 list is the most 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’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

“We are honored and humbled to be recognized by Inc. 5000 for the fourth year in a row,” said Mark Ellis, CEO of Liftoff. “There is always stiff competition to place on these lists. To get a nod four years in a row is truly a testament to our product vision, market fit, and hard work.”

Not only have the companies on the 2020 Inc. 5000 been hyper competitive within their markets, but the list as a whole shows staggering growth compared to prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.

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. The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 12.

“The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”

Methodology
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. 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.

We are honored to be named on the Inc. 5000 for the fourth year in a row… and we’re still hiring!