For the 2nd Consecutive Year, Passage Makes the Inc. 5000, at No. 2,269 in 2023, With Three-Year Revenue Growth of 243 Percent
Companies on the 2023 Inc. 5000 list had a median growth rate of 219 percent
We’re thrilled to announce that Passage ranks No. 2,269 on the 2023 Inc. 5000, the annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.
“Being named to the Inc. 5000 for the second consecutive year speaks to our team’s commitment to innovation and boldness,” said Alex Linebrink, CEO of Passage. “Our team works incredibly hard to build technology that offers events and ticket purchasers a better alternative to the traditional big box providers. And they have been unrelenting in their dedication to help small businesses and independent events thrive. It’s an honor to be recognized among the fastest-growing companies in the U.S. For us, this is just the beginning.”
The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate was 219 percent. In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.
Earlier this year, Passage was recognized on the Inc. 5000 Regionals Midwest list, moving up to No. 77 from its previous position at No. 89 in 2022.
“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, available on newsstands beginning Tuesday, August 23.
For more information about Passage, visit GoPassage.com.
About Passage
Passage powers ticketing, payments, and technology for specialty events. The all-in-one mobile box office allows owners and managers to take control of all their ticket, merchandise, and concession sales both online and at-the-door, all while reaching more fans and making more money.
Since 2014, Passage has completed millions of dollars in ticket and product sales for thousands of events around the world. For more information about Passage, please visit gopassage.com.
More about Inc. and the Inc. 5000
Methodology
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
About Inc.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.
