Is this a list of small-cap technology stocks to buy?
No. It is an SEC-derived sector mapping with sourced financials. Rankings that sort technology issuers by revenue growth are separate, formula-defined pages.
Industry intelligence
Technology
Public companies in Belvedere's technology universe, with source-linked financials. Valuation multiples are shown only when licensed market data exists.
Does Belvedere assume software businesses have recurring revenue?
No. Recurring, subscription, or remaining-performance-obligation figures appear only when the issuer discloses them.
Belvedere’s technology mapping uses SIC metadata from SEC submissions covering software, semiconductors, hardware, and related services. Each industry page shows the current universe of mapped issuers, SEC-derived revenue and cash-flow facts when tagged, published Belvedere notes, and related methodology-defined rankings. It is not a Nasdaq composite, not a software-compounder list, and not a statement that every issuer has recurring revenue.
Companies49
Published research1
GeographyUnited States SEC registrants in this extract
Companies
| Company | Ticker | Industry | Revenue | Growth | Belvedere FCF | Latest filing | Research |
|---|---|---|---|---|---|---|---|
| AEHR TEST SYSTEMSNasdaq: AEHR | AEHR | Instruments For Meas & Testing of Electricity & Elec Signals | $10.3M | -43.7% | — | DEF 14A · Sep 9, 2026 | Universe |
| AGILYSYS INCNasdaq: AGYS | AGYS | Services-Computer Integrated Systems Design | $87.7M | +14.3% | $7.3M | 10-Q · Jul 27, 2026 | Universe |
| Alarm.com Holdings, Inc.Nasdaq: ALRM | ALRM | Services-Prepackaged Software | $277.7M | +9.2% | — | 10-Q · Aug 6, 2026 | Universe |
| ALPHA & OMEGA SEMICONDUCTOR LtdNasdaq: AOSL | AOSL | Semiconductors & Related Devices | $163.8M | -0.5% | — | 10-K · Aug 27, 2026 | Universe |
| AMBARELLA INCNasdaq: AMBA | AMBA | Semiconductors & Related Devices | $108.1M | +13.2% | — | 10-Q · Sep 4, 2026 | Universe |
| APPFOLIO INCNasdaq: APPF | APPF | Services-Prepackaged Software | $281.1M | +19.3% | — | 4 · Aug 24, 2026 | Universe |
| Bandwidth Inc.Nasdaq: BAND | BAND | Services-Prepackaged Software | $208.8M | +19.8% | — | 10-Q · Jul 29, 2026 | Universe |
| BLACKBAUD INCNasdaq: BLKB | BLKB | Services-Prepackaged Software | $290.6M | +3.0% | — | 10-Q · Jul 29, 2026 | Universe |
| BLACKLINE, INC.Nasdaq: BL | BL | Services-Prepackaged Software | $187.8M | +9.2% | — | 10-Q · Aug 5, 2026 | Universe |
| CEVA INCNasdaq: CEVA | CEVA | Services-Computer Programming, Data Processing, Etc. | $29M | +13.1% | — | 10-Q · Aug 10, 2026 | Active research |
| CIRRUS LOGIC, INC.Nasdaq: CRUS | CRUS | Semiconductors & Related Devices | $459.7M | +12.9% | $49M | 10-Q · Aug 5, 2026 | Universe |
| COHU INCNasdaq: COHU | COHU | Instruments For Meas & Testing of Electricity & Elec Signals | $84.1M | +18.9% | — | 10-Q · Jul 31, 2026 | Universe |
| DIGI INTERNATIONAL INCNasdaq: DGII | DGII | Computer Communications Equipment | $138.7M | +29.0% | — | 10-Q · Aug 5, 2026 | Universe |
| DIODES INC /DEL/Nasdaq: DIOD | DIOD | Semiconductors & Related Devices | $445.5M | +21.7% | — | 10-Q · Aug 5, 2026 | Universe |
| Elastic N.V.NYSE: ESTC | ESTC | Services-Prepackaged Software | $478.1M | +15.1% | $131.4M | 10-Q · Aug 28, 2026 | Universe |
| EXTREME NETWORKS INCNasdaq: EXTR | EXTR | Computer Communications Equipment | $316.9M | +11.4% | — | 10-K · Aug 17, 2026 | Universe |
| F5, INC.Nasdaq: FFIV | FFIV | Computer Communications Equipment | $865.1M | +10.9% | — | 10-Q · Aug 6, 2026 | Universe |
| FORMFACTOR INCNasdaq: FORM | FORM | Semiconductors & Related Devices | $258.2M | +31.9% | — | 10-Q · Aug 4, 2026 | Universe |
| HARMONIC INC.Nasdaq: HLIT | HLIT | Radio & Tv Broadcasting & Communications Equipment | $133.5M | +53.5% | — | 10-Q · Aug 17, 2026 | Universe |
| ICHOR HOLDINGS, LTD.Nasdaq: ICHR | ICHR | Semiconductors & Related Devices | $294.8M | +22.7% | — | 10-Q · Aug 4, 2026 | Universe |
| Inspired Entertainment, Inc.Nasdaq: INSE | INSE | Services-Prepackaged Software | $60.8M | -24.3% | — | 10-Q · Aug 5, 2026 | Universe |
| JFrog LtdNasdaq: FROG | FROG | Services-Prepackaged Software | $163.8M | +28.7% | — | 10-Q · Aug 7, 2026 | Universe |
| KULICKE & SOFFA INDUSTRIES INCNasdaq: KLIC | KLIC | Semiconductors & Related Devices | $330.4M | +122.6% | — | 10-Q · Aug 6, 2026 | Universe |
| MANHATTAN ASSOCIATES INCNasdaq: MANH | MANH | Services-Prepackaged Software | $297.8M | +9.3% | — | 10-Q · Jul 31, 2026 | Universe |
| MAXLINEAR, INCNasdaq: MXL | MXL | Semiconductors & Related Devices | $168.8M | +55.2% | — | 10-Q · Jul 23, 2026 | Universe |
| MESA LABORATORIES INC /CO/Nasdaq: MLAB | MLAB | Industrial Instruments For Measurement, Display, and Control | $60.1M | +1.0% | $14.2M | 10-Q · Aug 10, 2026 | Universe |
| NETGEAR, INC.Nasdaq: NTGR | NTGR | Computer Communications Equipment | $168.6M | -1.2% | — | 10-Q · Aug 6, 2026 | Universe |
| NETSCOUT SYSTEMS INCNasdaq: NTCT | NTCT | Services-Computer Integrated Systems Design | $210.4M | +12.7% | $47.3M | 10-Q · Aug 6, 2026 | Universe |
| NLIGHT, INC.Nasdaq: LASR | LASR | Semiconductors & Related Devices | $82.6M | +33.8% | — | 10-Q · Aug 7, 2026 | Universe |
| OneSpan Inc.Nasdaq: OSPN | OSPN | Services-Computer Integrated Systems Design | $60.5M | +1.0% | — | 10-Q · Aug 4, 2026 | Universe |
| OSI SYSTEMS INCNasdaq: OSIS | OSIS | Semiconductors & Related Devices | $267.3M | +9.0% | — | 10-K · Aug 21, 2026 | Universe |
| PagerDuty, Inc.NYSE: PD | PD | Services-Prepackaged Software | $124.4M | +0.8% | — | 10-Q · Aug 27, 2026 | Universe |
| PHOTRONICS INCNasdaq: PLAB | PLAB | Semiconductors & Related Devices | $216M | +2.7% | — | 10-Q · Sep 10, 2026 | Universe |
| POWER INTEGRATIONS INCNasdaq: POWI | POWI | Semiconductors & Related Devices | $118.9M | +2.7% | — | 10-Q · Aug 6, 2026 | Universe |
| PROGRESS SOFTWARE CORP /MANasdaq: PRGS | PRGS | Services-Prepackaged Software | $253.5M | +6.8% | — | 10-Q · Jun 30, 2026 | Universe |
| QUALYS, INC.Nasdaq: QLYS | QLYS | Services-Prepackaged Software | $182.2M | +11.0% | — | 10-Q · Aug 4, 2026 | Universe |
| Rapid7, Inc.Nasdaq: RPD | RPD | Services-Prepackaged Software | $210.9M | -1.5% | — | 10-Q · Aug 10, 2026 | Universe |
| Red Violet, Inc.Nasdaq: RDVT | RDVT | Services-Prepackaged Software | $26.7M | +22.7% | — | 10-Q · Aug 10, 2026 | Universe |
| SEMTECH CORPNasdaq: SMTC | SMTC | Semiconductors & Related Devices | $291M | +15.9% | $28M | 10-Q · Aug 26, 2026 | Universe |
| SILICON LABORATORIES INC.Nasdaq: SLAB | SLAB | Semiconductors & Related Devices | $228.2M | +18.3% | — | 10-Q · Aug 11, 2026 | Universe |
| SITIME CorpNasdaq: SITM | SITM | Semiconductors & Related Devices | $157.4M | +126.5% | — | 10-Q · Aug 6, 2026 | Universe |
| SOUNDTHINKING, INC.Nasdaq: SSTI | SSTI | Services-Prepackaged Software | $23.9M | -7.7% | — | 10-Q · Aug 14, 2026 | Universe |
| Tenable Holdings, Inc.Nasdaq: TENB | TENB | Services-Prepackaged Software | $268.5M | +8.6% | — | 10-Q · Aug 4, 2026 | Universe |
| Ultra Clean Holdings, Inc.Nasdaq: UCTT | UCTT | Semiconductors & Related Devices | $435M | -31.5% | — | 10-Q · Aug 4, 2026 | Universe |
| VARONIS SYSTEMS INCNasdaq: VRNS | VRNS | Services-Prepackaged Software | $67.1M | +25.6% | — | 10-Q · Jul 29, 2026 | Universe |
| VIAVI SOLUTIONS INC.Nasdaq: VIAV | VIAV | Semiconductors & Related Devices | $406.8M | +42.8% | — | 10-K · Aug 13, 2026 | Universe |
| VICOR CORPNasdaq: VICR | VICR | Electronic Components, NEC | $113M | +20.2% | -$16.3M | 10-Q · Jul 29, 2026 | Universe |
| WORKIVA INCNYSE: WK | WK | Services-Prepackaged Software | $255.3M | +18.6% | $199.1M | 10-Q · Aug 4, 2026 | Universe |
| Xperi Inc.NYSE: XPER | XPER | Services-Prepackaged Software | $114.5M | +8.1% | — | 10-Q · Aug 6, 2026 | Universe |
Research
Licensing Leverage Against a Still-Unprofitable Operating Line
CEVA, Inc. CEVA
CEVA licenses signal-processing and connectivity IP. Latest reported quarterly revenue grew versus the year-ago quarter while operating results remained negative. The research question is whether royalty and licensing scale can cover operating costs without repeated dilution.
Research Radar (subset)
- PHOTRONICS INC (PLAB) — Revenue: +2.7% · Revenue increased +2.7% ($210.4M to $216.0M; Q3 2025 vs Q3 2026).
- PHOTRONICS INC (PLAB) — Revenue acceleration: +3.2 pp · Quarterly revenue YoY growth moved from -0.5% to +2.7% (+3.2 percentage points).
- PHOTRONICS INC (PLAB) — Margin change: $0.332 · Reported gross margin was +33.2% in the latest comparable period.
- PHOTRONICS INC (PLAB) — Cash: $549.5M · Cash and cash equivalents were $549.5M as of the latest reported balance-sheet date.
- PHOTRONICS INC (PLAB) — Share count: $58.2M · Shares outstanding were 58,195,000 as of the latest reported date.
- AMBARELLA INC (AMBA) — Revenue: +13.2% · Revenue increased +13.2% ($95.5M to $108.1M; Q3 2025 vs Q3 2026).
- AMBARELLA INC (AMBA) — Revenue acceleration: -3.7 pp · Quarterly revenue YoY growth moved from +16.9% to +13.2% (-3.7 percentage points).
- AMBARELLA INC (AMBA) — Margin change: $0.577 · Reported gross margin was +57.7% in the latest comparable period.
Related rankings
- Highest Free Cash Flow Margins
- Strongest Balance Sheets
- Companies With Revenue Growth and Positive Free Cash Flow
- Technology Companies by Revenue Growth
- Healthcare Companies by Revenue Growth
- Industrial Companies by Revenue Growth
Frequently asked questions
- Is this a list of small-cap technology stocks to buy?
- No. It is an SEC-derived sector mapping with sourced financials. Rankings that sort technology issuers by revenue growth are separate, formula-defined pages.
- Does Belvedere assume software businesses have recurring revenue?
- No. Recurring, subscription, or remaining-performance-obligation figures appear only when the issuer discloses them.
- Are valuation multiples shown for technology issuers?
- EV/revenue and similar multiples require a licensed market price. They are omitted until that feed is configured.