We're excited to share the news that Passage made the 2022 Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies, at number 2,055.
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.
“This is a huge honor,” said Alex Linebrink, CEO of Passage. "I'm incredibly proud of our team and the work they put in to achieve the impressive growth we've seen over the past three years. Our company's success relies on the talent and innovation of passionate individuals, and it will be a thrill to see where the next three years take us."
Not only have the companies on the 2022 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2022 Inc. 5000 achieved incredible growth. Among the top 500, the median growth rate was 230 percent. The Inc. 5000’s aggregate revenue was $317.5 billion, accounting for over 1,178,549 jobs over the past three years.
Passage powers ticketing and payments for events and attractions. The all-in-one mobile box office technology 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, founded and headquartered in Downtown Detroit, has completed millions of dollars in ticket and product sales for thousands of events around the world. View Passage's profile on the Inc. 5000 here.
How the Inc. 5000 Companies Were Selected
Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 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. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent.
For more information on the Inc. 5000 list, visit http://www.inc.com/inc5000.