THEMATIC
10X NTM REVENUE MULTIPLE INDEX

TENNTM

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Index Performance

+8.07%
TENNTM
+8.51%
SKYY
+2.21%
QTEC

Overview

Description

Based on the research by Jamin Ball (@jaminball) on his Clouded Judgement Substack where he analyzed cloud software companies that at one point in time were trading at >10x NTM revenue. This is an Index that tracks the 22 companies that hit >10x NTM revenue at some point, 33% ended up with a CAGR >20% from the time they hit 10x to today.

  • TickerTENNTM
  • Inception Date11/18/2022
  • WeightingEqual
  • # of holdings21
What's inside?

Holdings

All holdings as of February 11, 2025
CSV download
Cloudflare, Inc. (NET)6.86%$59.13B28.76%77.22%21.78
Atlassian Corp. (TEAM)5.50%$82.53B21.35%81.59%13.00
CrowdStrike Holdings, Inc. (CRWD)5.35%$106.32B28.52%74.65%18.57
MongoDB, Inc. (MDB)5.23%$21.31B22.28%74.40%9.87
Okta, Inc. (OKTA)5.16%$16.41B13.87%76.39%4.33
Shopify, Inc. (SHOP)5.11%$159.14B25.78%50.09%15.10
Dynatrace, Inc. (DT)5.06%$18.37B19.47%80.16%9.52
Zscaler, Inc. (ZS)5.02%$32.11B26.42%77.34%11.36
HubSpot, Inc. (HUBS)4.91%$40.50B20.12%85.17%10.51
Paylocity Holding Corp. (PCTY)4.78%$11.69B15.51%65.51%7.49
Veeva Systems, Inc. (VEEV)4.71%$38.04B13.41%75.06%11.09
Adobe, Inc. (ADBE)4.62%$199.73B11.14%88.26%10.69
Autodesk, Inc. (ADSK)4.52%$64.44B11.93%89.79%10.51
BlackLine, Inc. (BL)4.51%$3.96B10.74%74.24%6.94
Paycom Software, Inc. (PAYC)4.42%$11.37B11.23%72.31%4.98
Datadog, Inc. (DDOG)4.39%$49.40B26.02%80.01%15.35
Qualys, Inc. (QLYS)4.39%$5.02B10.19%81.64%8.07
Five9, Inc. (FIVN)4.31%$3.06B14.81%52.81%2.42
ServiceNow, Inc. (NOW)4.15%$207.86B22.44%79.18%19.80
AppFolio, Inc. (APPF)3.90%$7.95B28.01%62.02%11.13
Bill Holdings, Inc. (BILL)3.09%$6.27B13.83%78.39%6.00
Market data by FactSet

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