Elevate Achieves Remarkable Growth, Ranking No. 13 in 2026 Inc. 5000 List

In a significant achievement, Elevate, a modern platform for consumer-directed benefits administration, has secured the 13th position in the esteemed 2026 Inc. 5000 list. This prestigious ranking signifies the fastest-growing private companies in the United States, highlighting organizations that drive innovation and contribute to economic growth. Lasting brands like Microsoft, Meta, and Patagonia have also graced this list in the past, underlining the significance of this recognition.

Brian Cosgray, the co-founder and CEO of Elevate, emphasized the company's rapid expansion, attributing it to their commitment to addressing real challenges faced by both employers and employees. He remarked, "Earning a top 20 spot on the Inc. 5000 reflects the momentum we have built with our platform and the shift towards more customer-centered benefits experiences."

Elevate stands out as the first fully cloud-based, API-driven, and AI-enabled benefits platform, designed to overhaul traditional, manual systems used for health savings accounts (HSAs), flexible spending accounts (FSAs), and health reimbursement arrangements (HRAs). The company has impressively recorded over 12,000% growth in revenue over the past three years, showcasing the surging demand for their modern, automated benefits solutions. Notably, Elevate has also been recognized as the fastest-growing company in Colorado and secured the second position within the financial services sector.

Delivering Measurable Performance Gains

The impacts of Elevate’s platform are evident in the tangible results witnessed by benefits administrators who have adopted their services. Statistics reveal a remarkable growth in benefits accounts by 43%, alongside a 64% reduction in cases per customer, resulting in a 30% decrease in service costs per customer. Moreover, customer satisfaction has soared by an impressive 51%.

As Elevate looks to the future, the company continues to prioritize investments in AI and automation. Their focus on enhancing the platform through new features demonstrates their commitment to helping benefits administrators grow their operations without escalating costs. By aiming to create simpler customer experiences, Elevate wants to empower its partners to better serve employers and improve operational efficiency.

This year's Inc. 5000 list showcases a diverse new wave of companies that are redefining growth across sectors ranging from AI and advanced manufacturing to healthcare, consumer products, and professional services. Collectively, these firms have contributed significantly to the U.S. economy, adding over 627,208 jobs while maintaining a median three-year revenue growth rate of 130%.

Mike Hofman, editor-in-chief of Inc., commended the resilience and creativity exhibited by these companies, stating, "Every company on the Inc. 5000 has a story of perseverance, smart decision making, and a refusal to sit still. Their growth reflects more than strong financial performance—it encapsulates the creativity, resilience, and customer focus necessary to build impactful businesses."

Understanding the Inc. 5000 Ranking Methodology

To be considered for the 2026 Inc. 5000 list, companies must have been founded by March 31, 2022, and demonstrate substantial revenue generation. Eligible companies are required to be privately held, U.S.-based, and independent—excluding subsidiaries or divisions. Furthermore, companies must achieve minimum revenues of $100,000 in 2022 and $2 million in 2025 to qualify.

About Elevate

Elevate is revolutionizing the consumer-directed benefits landscape as the first platform that integrates cloud technology with real-time automation capabilities. Its design supports various benefit accounts, extending from HSAs to complex HRAs and even lifestyle and commuter accounts. Founded in 2020 by industry experts, Elevate emerged from the necessity for advanced solutions in a dated benefits administration framework. To stay updated with their journey, visit elevate.ai and connect with Elevator on LinkedIn.

About Inc.

Inc. stands as a pivotal media brand fostering entrepreneurship and business leadership. Through insightful journalism, Inc. seeks to inform, educate, and uplift the community of innovators, risk-takers, and determined entities who are shaping the future. Inc., published by Mansueto Ventures LLC, plays a crucial role alongside its companion publication, Fast Company. For additional insights, visit www.inc.com.