Revenue
19.2% of sector revenue
902 companies earned 123.22m€ in 2025, 19.2% of Technology sector revenue. Revenue has grown 5.7× since 2015.
19.2% of sector revenue
646 with at most one employee
Largest employer: Epam Systems Montenegro (234)
Median company 3.1% · 44% profitable
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
Revenue change vs 2024, companies with at least 1m€ that year
Ranked by total revenue · Showing 1–50 of 902
* Avg payroll cost per employee per month = wages, wage compensation and other personnel expenses from the income statement (AOP 211: net wages, taxes and contributions on wages including the employer's, and other personnel expenses) / employees / 12. It is not an employee's gross or net salary; reporting errors can move it significantly, and values below 300€ a month are not shown. How we calculate →
Totals include 25 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
The activity title is the code's title in the KD 2010 classification (NACE Rev. 2), which applies to every year shown. The registry now shows titles from the new classification for the same codes, so titles can differ.
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 21,432,513€ | 102 |
| 2016 | 23,981,551€ | 124 |
| 2017 | 24,175,954€ | 135 |
| 2018 | 29,013,136€ | 150 |
| 2019 | 34,126,406€ | 186 |
| 2020 | 39,345,455€ | 224 |
| 2021 | 44,225,942€ | 321 |
| 2022 | 83,800,507€ | 618 |
| 2023 | 115,241,171€ | 793 |
| 2024 | 123,696,636€ | 854 |
| 2025 (Preliminary) | 123,221,357€ | 902 |
The number of companies jumped most in 2022: from 321 to 618.
Employees and payroll cost per employee per month*
8.2% |
| 10,135,097€ |
| +4.2% |
| 3,570,979€ |
| 35.2% |
| 7 |
| 5,114€ |
| 3 | Čikom02177579 · Podgorica | 7.5% | 9,294,008€ | -8.2% | 289,058€ | 3.1% | 73 | 2,430€ |
| 4 | Galleon02780798 · Podgorica | 3.1% | 3,780,000€ | +5.3% | 275,360€ | 7.3% | 178 | 1,419€ |
| 5 | Logate02632284 · Podgorica | 2.8% | 3,505,565€ | +16.8% | 297,429€ | 8.5% | 70 | 2,176€ |
| 6 | Playrix Montenegro03489159 · Podgorica | 2.3% | 2,820,315€ | -42.8% | 200,345€ | 7.1% | 42 | 4,741€ |
| 7 | NS Group02862786 · Podgorica | 2.2% | 2,680,599€ | +333.9% | 13,394€ | 0.5% | 3 | 840€ |
| 8 | Polako Development03493881 · Podgorica | 1.9% | 2,362,960€ | +36.5% | 982,426€ | 41.6% | 27 | 2,696€ |
| 9 | Amplitudo02907259 · Podgorica | 1.9% | 2,331,224€ | +9.3% | 171,843€ | 7.4% | 65 | 2,123€ |
| 10 | Solvership02713098 · Podgorica | 1.8% | 2,210,518€ | +10.6% | 440,610€ | 19.9% | 37 | 2,857€ |
| 11 | Vega Delivery Center Montenegro03374700 · Podgorica | 1.5% | 1,893,845€ | -1.9% | 5,537€ | 0.3% | 46 | 2,315€ |
| 12 | Datalab.Mn02679744 · Podgorica | 1.5% | 1,857,323€ | +5.9% | 451,061€ | 24.3% | 22 | 1,601€ |
| 13 | Clicker Team03648257 · Podgorica | 1.3% | 1,652,490€ | +97.6% | 354,036€ | 21.4% | 13 | 6,751€ |
| 14 | Riffdale Technologies03439135 · Podgorica | 1.2% | 1,443,002€ | +53.4% | 70,575€ | 4.9% | 93 | 1,058€ |
| 15 | Linux Development03421252 · Budva | 1.0% | 1,283,200€ | -36.0% | 1,457€ | 0.1% | 16 | 6,618€ |
| 16 | Trony Network02780089 · Kotor | 1.0% | 1,274,022€ | +32.6% | 244,587€ | 19.2% | 12 | 1,419€ |
| 17 | HTL Devco03421180 · Podgorica | 1.0% | 1,269,476€ | -13.0% | 37,132€ | 2.9% | 21 | 4,096€ |
| 18 | Infinum Montenegro03360962 · Podgorica | 0.9% | 1,139,956€ | +17.8% | 220,752€ | 19.4% | 21 | 2,939€ |
| 19 | Five Group03328333 · Podgorica | 0.9% | 1,102,011€ | +103.3% | 378,922€ | 34.4% | 6 | 3,214€ |
| 20 | Bild Studio02783061 · Podgorica | 0.9% | 1,100,370€ | +3.0% | 22,652€ | 2.1% | 20 | 3,098€ |
| 21 | Codeus03091627 · Podgorica | 0.9% | 1,090,616€ | +43.0% | 172,632€ | 15.8% | 27 | 2,214€ |
| 22 | Sweetsoft03007979 · Herceg Novi | 0.9% | 1,075,343€ | +33.6% | 4,330€ | 0.4% | 14 | 1,615€ |
| 23 | Infostream02408074 · Podgorica | 0.9% | 1,059,758€ | -11.9% | 194,942€ | 18.4% | 20 | 2,092€ |
| 24 | It Security03390063 · Podgorica | 0.8% | 1,045,665€ | -15.9% | 76,740€ | 7.3% | 3 | 2,756€ |
| 25 | Capvidia MN03421651 · Podgorica | 0.8% | 1,020,806€ | +7.0% | 8,509€ | 0.8% | 22 | 3,112€ |
| 26 | G5 Entertainment03421198 · Podgorica | 0.8% | 1,020,743€ | -70.1% | -210,041€ | -20.6% | 29 | 3,265€ |
| 27 | Me - Net02683687 · Podgorica | 0.8% | 933,295€ | +0.7% | 646,812€ | 69.3% | 5 | 1,871€ |
| 28 | Be Unframed03703444 · Ulcinj | 0.7% | 854,560€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 90,448€ | 10.6% | 2 | 1,140€ |
| 29 | Holacode03416879 · Podgorica | 0.7% | 849,175€ | -23.8% | 1,130€ | 0.1% | 8 | 1,440€ |
| 30 | B-One03017087 · Podgorica | 0.7% | 809,065€ | -5.5% | 29,720€ | 3.7% | 19 | 1,996€ |
| 31 | S2B02438925 · Podgorica | 0.6% | 775,088€ | +17.4% | 214,682€ | 27.7% | 18 | 1,753€ |
| 32 | Liraland MNT03593991 · Budva | 0.6% | 747,512€ | +19.4% | 23,328€ | 3.1% | 1 | 677€ |
| 33 | Coremediq02206951 · Podgorica | 0.6% | 735,498€ | +16.0% | 251,305€ | 34.2% | 14 | 1,472€ |
| 34 | Circleblue03333612 · Podgorica | 0.6% | 734,827€ | -8.9% | 88,356€ | 12.0% | 1 | 771€ |
| 35 | GPS Montenegro03108511 · Podgorica | 0.6% | 688,258€ | +18.0% | 115,428€ | 16.8% | 11 | 1,608€ |
| 36 | BS Telecom Solutions03130827 · Podgorica | 0.6% | 685,208€ | -40.8% | 248,692€ | 36.3% | 4 | 1,196€ |
| 37 | Alicorn03122123 · Podgorica | 0.5% | 644,249€ | +7.5% | 41,157€ | 6.4% | 15 | 2,032€ |
| 38 | Softnex03547671 · Podgorica | 0.5% | 608,523€ | +27.6% | 133,521€ | 21.9% | 8 | 3,755€ |
| 39 | Primatech02863782 · Podgorica | 0.5% | 600,635€ | +15.5% | 262,888€ | 43.8% | 6 | 1,216€ |
| 40 | Uhura Solutions03274357 · Podgorica | 0.5% | 595,912€ | +23.9% | 12,261€ | 2.1% | 10 | 2,125€ |
| 41 | Edu Software Informatics03256642 · Podgorica | 0.5% | 581,457€ | -16.6% | -47,605€ | -8.2% | 27 | 1,575€ |
| 42 | Penta Sistemi03385825 · Podgorica | 0.4% | 552,542€ | +376.6% | 83,105€ | 15.0% | 3 | 1,649€ |
| 43 | RB Lab03542777 · Budva | 0.4% | 540,984€ | +247.0% | 62,455€ | 11.5% | 1 | 1,963€ |
| 44 | Wiregate03425029 · Bar | 0.4% | 536,528€ | +51.3% | 20,403€ | 3.8% | 3 | 976€ |
| 45 | Finagate02957418 · Podgorica | 0.4% | 521,095€ | +47.8% | 6,734€ | 1.3% | 6 | 6,676€ |
| 46 | SKY Express Montenegro03301923 · Podgorica | 0.4% | 512,187€ | +22.2% | 69,115€ | 13.5% | 2 | 2,035€ |
| 47 | Typeable03422534 · Podgorica | 0.4% | 473,971€ | -28.0% | 41,945€ | 8.8% | 1 | 927€ |
| 48 | NTS Int02772868 · Podgorica | 0.4% | 448,891€ | +19.0% | 128,040€ | 28.5% | 3 | 2,243€ |
| 49 | Creative Tech03681491 · Budva | 0.4% | 448,865€ | +454.2% | 87,541€ | 19.5% | 32 | 738€ |
| 50 | Software Products03433234 · Podgorica | 0.4% | 447,800€ | +220.3% | 47,526€ | 10.6% | 1 | 678€ |