FloQast secures place on Inc. 5000 fastest-growing list again
FloQast has been named to the Inc. 5000 list of America's fastest-growing private companies for the third consecutive year.
This year, FloQast was ranked No. 1503, reaffirming its position among an exclusive group of private businesses recognised for their rapid growth across the United States. The Inc. 5000 list, viewed as a key barometer for independent companies, highlights firms that have demonstrated significant momentum, often under challenging economic conditions.
Recognition for growth
The Inc. 5000 list provides a data-driven snapshot of the most successful companies across the country's independent and entrepreneurial sector. Past recipients have included widely recognised organisations such as Microsoft, Meta, Chobani, Under Armour, Timberland, Oracle, and Patagonia. The ranking for 2025 comes as private companies face broader pressures, including economic uncertainty, inflation, and a fluctuating labour market.
"Earning a spot on the Inc. 5000 for the third year in a row is a tremendous honor and a testament to the passion and dedication of our team," said Mike Whitmire, co-founder and CEO of FloQast. "At a time when accounting teams are being asked to do more with less, FloQast is helping them work smarter, faster, and more strategically using AI. This continued recognition reinforces our commitment to supporting the evolving role of the accountant and building a company that's driving real change in the profession."
FloQast's placement on the list reflects sustained customer growth and what the company describes as its "vision for the future of accounting". The firm's focus centres on supporting accounting teams to streamline and automate their operations in the face of increasing complexity and regulatory demands, with an emphasis on leveraging artificial intelligence to optimise workflow.
Performance benchmarks
The performance of businesses on the 2025 Inc. 5000 list was measured by percentage revenue growth from 2021 to 2024. To be eligible, companies were required to be US-based, privately held, and independent, with minimum revenue thresholds of USD $100,000 in 2021 and USD $2 million in 2024.
Among the top 500 companies listed, the median three-year revenue growth rate was recorded at 1,552 percent, and these organisations collectively added more than 48,678 jobs to the US economy over a three-year reporting period.
Commentary from Inc.
"Making the Inc. 5000 is always a remarkable achievement, but earning a spot this year speaks volumes about a company's tenacity and clarity of vision," says Mike Hofman, editor-in-chief of Inc. "These businesses have thrived amid rising costs, shifting global dynamics, and constant change. They didn't just weather the storm - they grew through it, and their stories are a powerful reminder that the entrepreneurial spirit is the engine of the U.S. economy."
Inc. will recognise those featured in the 2025 Inc. 5000 at an event in Phoenix, with the top 500 companies also being highlighted in the autumn issue of Inc. magazine.
Company profile
FloQast specialises in accounting operations software, with its platform reportedly used by more than 3,000 accounting teams worldwide. The company's technology is designed to automate manual processes, allowing accountants to focus on analysis, compliance, and generating business insights.
According to the company, its sustained growth has been supported by a commitment to customer success, persistent product development, and ambitions to assist accounting professionals to adapt and thrive in an evolving environment. FloQast's platform automates close management, account reconciliations, and compliance activities, using contemporary artificial intelligence frameworks to improve accuracy and collaboration among accounting teams.
Methodology
The annual Inc. 5000 list is compiled through a review of percentage revenue growth over a three-year period. Eligible companies must have been established and generating revenue by March 2021, remain privately held and independent as of December 2024, and meet set minimum revenue benchmarks. Companies may subsequently be acquired or go public after the assessment period, and Inc. reserves the right to exclude applicants based on internal criteria.
FloQast's acknowledgement on the Inc. 5000 comes as the company continues to emphasise its approach to supporting accountants through automation and workflow optimisation, asserting its focus remains on the requirements and future priorities of accounting teams.
