| Rogers Benefit Group, Inc. | Phoenix, AZ | $128M | 366 | 2023 |
| Transact Campus | Phoenix, AZ | $57M | 632 | 2024 |
| The Univ. of Arizona Global Campus | Chandler, AZ | $39M | 3,084 | 2023 |
| Old Pueblo Anesthesia, P.C. | Tucson, AZ | $35M | 57 | 2024 |
| Henry & Horne, LLP | Tempe, AZ | $34M | 183 | 2023 |
| Avast Software, Inc. | Tempe, AZ | $24M | 295 | 2023 |
| Ascend Healthcare, Inc. | Chandler, AZ | $21M | 95 | 2023 |
| Kinetx, Inc. | Tempe, AZ | $17M | 57 | 2025 |
| Ers Investments, LLC | Glendale, AZ | $15M | 498 | 2024 |
| Kalil Bottling Co. | Tucson, AZ | $15M | 821 | 2024 |
| Credit Union West | Glendale, AZ | $14M | 151 | 2024 |
| Managed Healthcare Partners, LLC | Oro Valley, AZ | $14M | 1,220 | 2025 |
| Varitec Solutions LLC | Phoenix, AZ | $14M | 139 | 2025 |
| Accelerate Diagnostics, Inc. | Tucson, AZ | $11M | 178 | 2025 |
| Arizona Cardiology Group, P.C. | Phoenix, AZ | $11M | 181 | 2024 |
| Hillwood Healthcare Consultants, Inc. | Scottsdale, AZ | $11M | 1 | 2025 |
| Apdo, P.C. | Scottsdale, AZ | $10M | 67 | 2023 |
| Jenco, Inc. | Scottsdale, AZ | $10M | 246 | 2024 |
| Arizona Center for Chest Diseases, Ltd. | Scottsdale, AZ | $10M | 14 | 2024 |
| Express Technology, Inc. | Tempe, AZ | $9.4M | 11 | 2025 |
| Hinkle & Perius Inc | Yuma, AZ | $8.9M | 2 | 2024 |
| Az Pet Vet Holding LLC | Glendale, AZ | $8.3M | 611 | 2023 |
| Lexington Medical Associates, Inc. | Scottsdale, AZ | $8.3M | 5 | 2025 |
| Lawley Motors, LLC | Sierra Vista, AZ | $8.2M | 182 | 2025 |
| Amerifirst Financial, Inc. | Mesa, AZ | $7.7M | 262 | 2024 |
| Video West, Inc. | Phoenix, AZ | $7.7M | 80 | 2025 |
| Northcentral University | Scottsdale, AZ | $7.4M | 652 | 2023 |
| Longust Distributing, LLC | Mesa, AZ | $7.4M | 131 | 2024 |
| Flagstaff Obgyn, LLC | Flagstaff, AZ | $7.1M | 32 | 2024 |
| Desert West Obstetrics & Gynecology, Ltd. | Glendale, AZ | $7.1M | 110 | 2025 |
| Finchum Industries, Inc. | Mesa, AZ | $7.0M | 77 | 2024 |
| Effem Corporation | Gilbert, AZ | $6.9M | 133 | 2024 |
| Westland Resources, Inc. | Tucson, AZ | $6.8M | 220 | 2025 |
| Slattery Petersen PLLC | Phoenix, AZ | $6.8M | 13 | 2025 |
| Ethisphere, LLC | Scottsdale, AZ | $6.8M | 81 | 2025 |
| Fulcrum LLC | Scottsdale, AZ | $6.7M | 60 | 2023 |
| Pm & M Electric, Inc. DBA Titan Solar Power | Mesa, AZ | $6.6M | 502 | 2025 |
| Western Cardiothoracic Surgeons, P.C. | Mesa, AZ | $6.6M | 13 | 2024 |
| Ocean Garden Products, Inc. | Scottsdale, AZ | $6.5M | 32 | 2025 |
| Forma Medical, PLLC | Phoenix, AZ | $6.3M | 14 | 2024 |
| Pinal-Gila Community Child Services, Inc. | Casa Grande, AZ | $6.3M | 225 | 2023 |
| Monheit Frisch Cpas PLC | Surprise, AZ | $6.3M | 5 | 2023 |
| Syros Pharmaceuticals, Inc. | Mesa, AZ | $6.2M | 61 | 2025 |
| Joel R. Clark, D.D.S. | Mesa, AZ | $6.0M | 16 | 2025 |
| Jennings, Strouss & Salmon, P.L.C. | Phoenix, AZ | $5.9M | 95 | 2024 |
| Sunland Holdings Company | Phoenix, AZ | $5.8M | 651 | 2023 |
| Dassian, Inc. | Scottsdale, AZ | $5.8M | 39 | 2025 |
| Paragon Partners, Ltd. | Scottsdale, AZ | $5.7M | 14 | 2024 |
| Crawford & Kline, P. L. C. | Tempe, AZ | $5.7M | 7 | 2024 |
| Diversified Design & Construction, Inc. | Tucson, AZ | $5.6M | 37 | 2023 |
| Fazios, P.C. | Chandler, AZ | $5.6M | 23 | 2025 |
| Desert Summit Dentistry, P.C. | Scottsdale, AZ | $5.6M | 2 | 2024 |
| Donley Service Center, Inc. | Phoenix, AZ | $5.5M | 70 | 2024 |
| Cochise Contractors, Inc. | Phoenix, AZ | $5.5M | 69 | 2024 |
| Copperstate Ob/Gyn Associates, Ltd. | Tucson, AZ | $5.4M | 9 | 2026 |
| Elardo, Bragg, Rossi and Palumbo, P.C. | Phoenix, AZ | $5.4M | 25 | 2024 |
| Bjerk Builders, Inc. | Gilbert, AZ | $5.4M | 76 | 2024 |
| Az Tmj, P.L.L.C. | Scottsdale, AZ | $5.3M | 4 | 2025 |
| Southwest Eye Surgeons, Ltd. | Peoria, AZ | $5.3M | 5 | 2025 |
| Phoenix Pediatrics, Ltd. | Phoenix, AZ | $5.3M | 43 | 2023 |
| Element Management Services LLC | Scottsdale, AZ | $5.2M | 111 | 2025 |
| Synergy Infectious Disease Physicians, PLLC | Paradise Valley, AZ | $5.2M | 5 | 2024 |
| Lamb Chevrolet, Inc. | Prescott, AZ | $5.2M | 94 | 2025 |
| Design Works Studios, LLC | Scottsdale, AZ | $5.1M | 74 | 2026 |
| Tom White Carpentry, Inc. | Tucson, AZ | $5.1M | 17 | 2024 |
| Marker Advisors, LLC | Wickenburg, AZ | $5.1M | 3 | 2025 |
| Plastic Surgery Center of Scottsdale, P.C. | Scottsdale, AZ | $5.0M | 2 | 2025 |
| Javid, LLC | Oro Valley, AZ | $5.0M | 4 | 2023 |
| Barr Credit Services, Inc. | Tucson, AZ | $5.0M | 63 | 2025 |