Company library · Software & Internet
Software & Internet: the moats, the numbers, the verdicts.
79 companies covered. Every report re-run after the latest earnings.
The bet you're really making is that big companies keep hiring Accenture to do the technology work they cannot do themselves, and now to install AI across their operations. You're
Adobe paid Shantanu Narayen $51.2 million for fiscal 2025, and over 90% of his target package was equity graded on two things: the new subscription dollars Adobe adds each year, an
The bet you're really making is that Adyen keeps running the payments for the world's biggest online companies, the Ubers, Spotifys and McDonald's of the world, and keeps winning a
The bet you're really making is that hotels, casinos and cruise lines keep ripping out their old front-desk and restaurant software and putting in Agilysys, then paying every month
AMC Entertainment Holdings, Inc. AMC
The bet you're really making is that Americans keep going out to the movies, and that AMC, the biggest theater chain in the country, sells them enough tickets and popcorn to stay a
The bet you're really making is that the AI boom keeps needing giant buildings full of power and cooling, and that Applied Digital, which builds those buildings and rents them to l
AppLovin paid Adam Foroughi $12,969,001 in 2025, and every dollar above his $400,000 salary arrived as 20,236 restricted shares that vest on four calendar dates with no target, no
The bet you're really making is that Aurora's self-driving trucks keep hauling freight down Texas highways with no one in the cab, and that trucking companies pay Aurora for every
The bet you're really making is that a shrinking little crypto-mining company, now renamed Big Digital Energy, becomes a real seller of electricity and computing capacity before it
The bet you're really making is that Baidu's search business, the box a billion people have typed questions into for twenty years, keeps shrinking as AI chatbots hand back an answe
The bet you're really making is that millions of small American businesses keep running their bills and invoices through BILL, and keep paying a small fee on every dollar that move
The bet you're really making is that Cheche keeps selling car insurance to Chinese drivers, more of it on new electric cars, through the dealer systems and apps where people actual
The bet you're really making is that American companies, schools, hospitals and government offices keep calling CDW to buy and set up their computers, servers and software. Underne
The bet you're really making is that Cipher takes the cheap-power sites where it mines bitcoin and rents them to big AI companies to run their chips, and gets paid before the loans
The bet you're really making is that Core Scientific can turn its old bitcoin-mining warehouses into rented space for other companies' AI computers, and that its one giant tenant k
The bet you're really making is that Corpay keeps turning its old fuel-card business into a faster-growing one that pays other companies' bills, moves their money across borders, a
The bet you're really making is that companies keep paying Salesforce every year to run their salespeople, their service desks and their marketing, and now pay extra to let its AI
CrowdStrike Holdings, Inc. CRWD
The bet you're really making is that big companies keep paying CrowdStrike every year to guard their laptops, servers and cloud from hackers, and keep buying more of its tools. You
CoreWeave, Inc. Class A Common Stock CRWV
The bet you're really making is that the biggest AI companies keep renting Nvidia chips by the tens of thousands, and keep renting them from CoreWeave instead of building their own
The bet you're really making is that DoorDash keeps getting more people to order food to their door, most large US cities already run through its app, and now Europe does too after
The bet you're really making is that companies keep pouring money into cloud software, and keep paying Datadog to watch it, so they can see when their apps break and why. You're be
The bet you're really making is that Disney's parks stay full and its streaming service keeps making money instead of losing it. Underneath that, you're betting the company can exe
The bet you're really making is that dLocal keeps moving more money for big Western companies like Spotify and Amazon into and out of poor countries, and earns a small cut on every
The bet you're really making is that Euronet keeps running the ATMs tourists use across Europe, keeps selling prepaid gift cards and phone top-ups at store checkouts, and keeps mov
The bet you're really making is that shopkeepers keep swiping cards through Fiserv's payment terminals and that its Clover point-of-sale system keeps signing up small businesses ac
The bet you're really making is that almost every mortgage lender in America still has to buy a FICO score to approve a home loan, and that FICO can keep raising what it charges. Y
The bet you're really making is that Figma stays the place where the world's product designers do their work together, and pulls in the engineers and marketers around them too. You
Fidelity National Information Services, Inc. FIS
The bet you're really making is that banks keep paying FIS every year to run the software behind their checking accounts, their cards, and the money moving between them. You're bet
The bet you're really making is that Fiserv keeps running the machinery behind everyday card payments and the software small banks keep their accounts on, and that Clover, its chec
The bet you're really making is that Shift4 keeps wiring up the places you tap your card, restaurants, stadiums, hotels, and now the duty-free shops in airports, and that the cash
The bet you're really making is that companies keep buying Fortinet's FortiGate security boxes, and that the wave of customers now replacing boxes they bought five years ago is rea
The bet you're really making is that the millions of small businesses and solo operators who run their websites, email, and domains through GoDaddy keep paying every year, and keep
The bet you're really making is that hundreds of millions of ordinary people keep paying Norton, Avast, and LifeLock every year to guard their laptops and identities, and mostly fo
The bet you're really making is that Google's Search and YouTube remain the dominant ways people find information and watch videos online, while Google Cloud grows into a second gi
The bet you're really making is that Google keeps owning the box billions of people type their questions into, and now rents the computers behind it to other companies too. Underne
The bet you're really making is that big companies keep doing all of their software work, planning, writing code, security checks, and shipping, inside one GitLab subscription inst
International Business Machines Corporation IBM
The bet you're really making is that the world's biggest banks, insurers and governments keep running their most important computer systems on IBM, and keep paying more each year f
The bet you're really making is that small businesses keep running QuickBooks to send invoices and do their books, and keep paying more for it every year. You're betting that Credi
The bet you're really making is that IREN keeps building giant computer warehouses in Texas and British Columbia, fills them with Nvidia chips, and rents that computing power to AI
The bet you're really making is that big companies keep paying Gartner every year for its research subscriptions, the analyst reports and calls that IT bosses lean on to decide wha
Jack Henry & Associates, Inc. JKHY
The bet you're really making is that thousands of small American banks and credit unions keep running their accounts on Jack Henry's software, and keep paying a little more each ye
The bet you're really making is that companies keep building new software on MongoDB's database, and keep running more of it on Atlas, the version MongoDB hosts and charges for by
$1 is Mark Zuckerberg's salary, and he takes no bonus and no equity, so Meta's pay plan is an instruction to the four executives below him: a bonus targeted at 200% of earnings, pa
The bet you're really making is that companies everywhere keep moving their software and data onto Microsoft's cloud, and now rent its AI to run on top. You're betting the orders a
The bet you're really making is that Strategy keeps raising money to buy bitcoin, and that the coins it holds stay worth more than what the stock costs you. You are really just buy
The bet you're really making is that AI companies keep needing more computers to train and run their models, and keep renting them from Nebius instead of buying their own. You're b
The bet you're really making is that Cloudflare keeps signing up more businesses to run their websites and apps on its network, and gets each one to spend more over time. Underneat
The bet you're really making is that hundreds of millions of households worldwide keep paying Netflix every month, and keep paying a little more each year. You're betting it can ra
The bet you're really making is that big companies keep running their customer-service call centers on NICE's software and keep paying NICE more as they layer AI helpers on top of
The bet you're really making is that ServiceNow stays the software big companies run their back office on, the one place IT tickets, HR requests and security alerts all live, and t
The bet you're really making is that the giant contracts Oracle signed to rent out AI computing power turn into real cash, and keep coming. You're betting Oracle can borrow and bui
The bet you're really making is that large corporations and governments keep consolidating all of their cybersecurity under one vendor, and keep choosing Palo Alto Networks to be t
The bet you're really making is that big companies keep paying UiPath's software robots to do their dull computer work: clicking through invoices, copying data between systems, fil
The bet you're really making is that a signed deal to take Payoneer private actually closes, and you collect the small gap between today's $7.17 and what the buyer agreed to pay. U
The bet you're really making is that advertisers keep paying to reach people who come to Pinterest already planning a purchase, a kitchen remodel, a wedding, a pair of boots. You'r
Palantir Technologies Inc. PLTR
The bet you're really making is that governments and big companies keep handing Palantir more work teaching their computers to make decisions, and keep paying more every year to do
The bet you're really making is that engineers keep designing their products inside PTC's software, Windchill to manage the data and Creo to draw the parts, and keep paying more ea
The bet you're really making is that big companies keep paying Qualys every year to scan their computers for security holes, and keep buying more of its tools. You're betting that
The bet you're really making is that small and mid-sized banks and credit unions keep paying Q2 to run their online and mobile banking, and keep buying more of it every year. You'r
The bet you're really making is that Reddit stays the place people go when they want a real human answer instead of a corporate one, and that advertisers keep paying to sit beside
The bet you're really making is that immigrants sending money home keep leaving the storefront cash-wire counters for Remitly's app, and keep coming back once they do.
The bet you're really making is that Roku keeps putting its operating system inside more American TVs and streaming boxes, and keeps turning those living rooms into advertising dol
The bet you're really making is that Roper keeps buying small software companies that each run one industry, a courtroom, a hospital lab, a construction bid desk, and that those cu
The bet you're really making is that shopping keeps moving online, and that merchants keep running their stores on Shopify and paying it a slice of every sale. You're betting most
The bet you're really making is that hundreds of millions of young people keep opening Snapchat every day, and that advertisers keep paying more to reach them. You're betting Snap
The bet you're really making is that companies keep pouring more of their data into Snowflake and keep paying every time they run a query against it. You're betting they don't move
The bet you're really making is that hundreds of millions of people keep paying Spotify about twelve dollars a month to listen to music, and keep letting Spotify nudge that price h
SS&C Technologies Holdings, Inc. SSNC
The bet you're really making is that the world's hedge funds, insurers and fund managers keep paying SS&C to run the back-office plumbing that counts their money, and keep paying m
The bet you're really making is that StoneCo keeps signing up Brazilian shopkeepers, keeps its card machines on their counters, and keeps earning on the cash those merchants park i
The bet you're really making is that the giant banks, airlines and telcos that run Teradata's database keep paying to move it to the cloud instead of ripping it out. You're betting
The bet you're really making is that the world's software teams keep running their work on Atlassian's Jira and Confluence, and keep paying more each year as those tools move from
The bet you're really making is that people never stop paying to watch UFC fights and WWE wrestling, and that the networks carrying them keep paying more at each renewal. Underneat
The bet you're really making is that American restaurants keep ripping out their old cash registers and switching to Toast, the tablets and card readers you already see on the coun
The bet you're really making is that the world keeps sending more texts, calls, and login codes through Twilio's pipes, and pays a sliver each time. You're betting the growth that
The bet you're really making is that Uber stays the place people reach for when they want a ride or want dinner, in more cities every year, keeping its cut of each trip. You're bet
The bet you're really making is that America's property and casualty insurers keep paying Verisk every year for the risk data and claims software they cannot easily build themselve
The bet you're really making is that trucks and vans keep burning fuel, and WEX keeps taking a small cut of nearly every gallon its fleet customers pump. You're betting that electr
The bet you're really making is that Block keeps getting people to do more inside its Cash App, and keeps signing up the small shops, restaurants and cafes that run payments throug
The bet you're really making is that millions of travelers keep paying about $199 a year to skip the airport ID line, and keep renewing once they have felt it. Underneath that, you