As a result, investors have been scooping up shares of prominent companies within this sector and adding them to their growth stock portfolios.
Large, well-known SaaS companies include Salesforce (NYSE: CRM), Shopify (NYSE: SHOP), and Adobe (NASDAQ: ADBE).
But if you are looking for smaller SaaS companies that are under the radar, here are five that you can consider.
Phreesia (NYSE: PHR)
Phreesia is a leading provider of comprehensive healthcare solutions through its platform.
The company helps to manage every step of a patient’s healthcare journey from finding a doctor, scheduling, registration, to payments.
Phreesia reported a solid set of earnings for the first quarter of fiscal 2026 (1Q FY2026) ending 30 April 2025.
Revenue rose 14.5% year on year to US$115.9 million.
Gross profit did better, rising by 16.1% year on year to US$99.3 million as gross margin expanded from 84.5% to 85.6%….
