New England's Fastest-Growing Companies 2025
For the first time, The Boston Globe and Statista are partnering to identify companies based in New England that have demonstrated fast revenue growth in recent years and feature them in the inaugural special feature on New England's Fastest-Growing Companies 2025, to be published in March 2025.
In preparation for this, The Boston Globe and Statista are looking for companies with strong revenue growth between 2020 and 2023.
For us to ascertain whether your business does indeed qualify for our list, we invite you to send us your revenue figures for the years 2020 and 2023 as well as some additional information, including your company’s headcount at the end of 2020 and 2023.
Companies which manage to secure a position in the ranking will be listed in an interactive table on bostonglobe.com. The top-ranking companies will also appear in Globe Magazine.
Who is eligible?
In order to be included in the ranking your company must meet the following criteria:
- Revenue of at least USD 100,000 generated in 2020
- Revenue of at least USD 1.5 million generated in 2023
- Be independent (the applying company is not a subsidiary or branch office of another company)
- Be headquartered in New England (Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, or Vermont)
- The revenue growth between 2020 and 2023 was primarily organic (i.e. “internally” stimulated)
How do I register?
Online registration
Please register with Statista by December 15, 2024.
Verification of revenue information
Your revenue data needs to be verified. The form must be signed in person by a Managing Director or a member of your Executive Committee (CEO or CFO). Upon survey completion, you will receive a confirmation email, where you can find the verification form as well as instructions on how to submit.
Downloads
Form of Verification as PDF document
Contact details
Should you have any additional questions or would otherwise like to contact us, please email new-england-fastest-growing@statista.com.
FAQ
- Do I have to pay to register?
No.
- Do I have to pay to be included in the ranking?
No. Only businesses that want to use the official seal featuring The Boston Globe and Statista logos with the title New England's Fastest-Growing Companies 2025 have to pay a license fee, in a one-off payment. The seal will be available after publication of the ranking.
- Do I have to purchase the New England's Fastest-Growing Companies 2025 license in order to point out or make reference to my place in the rankings?
No. All those who apply and make it into the top list are completely free to publicize this fact. The official seal New England's Fastest-Growing Companies 2025, available for a license fee, is merely an additional option for those who want to advertise and promote their achievement in a more visually striking manner.
- Is the creation of New England's Fastest-Growing Companies 2025 ranking commissioned and paid for by customers?
No, this project has two revenue sources: revenues from license fees, as outlined above, and advertisements on bostonglobe.com or in Globe Magazine where the ranking will be published.
- Who is eligible to participate?
All companies that meet the above mentioned requirements.
- My company is wholly or partly owned by venture capital, private equity firms or investment funds. Can my company still qualify?
Yes, as long as it complies with the aforementioned criteria.
- My company was founded during the course of 2020. Can I still participate?
Yes, as long as it complies with the aforementioned criteria. Additionally there may be a footnote stating that your first fiscal year was incomplete.
- How do you verify the data provided by participants?
Revenue data are verified through the signing off of this form by the managing director/CEO, the finance director/CFO or a member of your executive committee. The form must be submitted via upload link provided in the confirmation email, which you will receive after completing the online registration.
- When is the registration deadline?
Registration through the online form can be completed by December 15, 2024.
- Until when am I able to submit the revenue verification form?
The deadline for us to receive this document is December 15, 2024.
- On what criteria is the ranking of New England's Fastest-Growing Companies determined?
The ranking is determined by the growth in revenue between the years 2020 and 2023.
- How will Statista calculate the average growth in revenue of a company?
We use the compound annual growth rate. For example, if a company achieved total revenue of 1.5m USD in 2020 and total revenue of 7.5m USD in 2023, we calculate an average yearly increase of 71%.
- The fiscal year of my company does not coincide with the calendar year. However, the survey and the form ask for the total revenue for the calendar years of 2020 and 2023. Which revenue information should I provide?
Please provide the revenue details for the fiscal years which fall predominantly in the calendar years of 2020 and 2023. For example if your company’s fiscal year is from 04/01/2023 to 03/31/2024, this fiscal year falls mainly in 2023, so use this for 2023 revenues. If your company’s fiscal year is from 10/01/2022 to 09/30/2023, this fiscal year falls mainly in 2023 as well, so use this for 2023 revenues.
- Which definition of revenue will be observed in the New England's Fastest-Growing Companies list?
Net revenue adjusted for returns, excluding value added tax and derived solely from business activities (excluding any other operating income) as disclosed in your company report.
- Are further key data, such as profitability, relevant for the ranking?
As a minimum, we require data on revenue growth. However, we also encourage you to add any pre-tax profit information to the registration form. While we state that pre-tax profit is not required, such information will help us better understand your company.
- When will the New England's Fastest-Growing Companies 2025 ranking be published?
The ranking will be published in March 2025.
- Which information concerning individual companies will be published by The Boston Globe?
The following information may be released about the top companies: the company name, the average growth in revenue and the total revenue for the years of 2020 and 2023, the number of employees in 2020 and 2023, the founding date of the company, the URL of the company website, as well as the location of the head office.
- How will I find out whether or not my company has made it into the ranking?
The results of our research will be published on bostonglobe.com so that the findings can be read and shared by everybody. In advance of this, we will contact the companies that we plan to include in the list.
Disclaimer
The Boston Globe and Statista retain the right to change the criteria and/or produce new criteria at any point in the project’s lifetime.
Why should my company participate?
New business opportunities: Inclusion on this list in The Boston Globe is a visible and public acknowledgement of your company’s performance that extends far beyond your specific industry and country. It will also generate attention for your business on the part of potential partners, customers, and investors around the world.
Employer branding: Corporate growth usually generates demand for new employees. Being featured in a high-profile ranking in The Boston Globe will not only increase awareness of you as an employer, it also gives potential employees an understanding of your company’s future potential.
Effective media coverage: Companies which manage to secure a position in the ranking will be listed in an interactive table on bostonglobe.com. The top-ranking companies will also appear in Globe Magazine.
Reputation: All companies that make it into the list may use the award logo for marketing purposes.1
1 The use of the label and the word-and-image logo “New England's Fastest-Growing Companies 2025“ for marketing purposes is subject to a one-off payment of a license fee. Inclusion in the ranking, however, is completely free of charge.