Small-cap

A10 Networks sells cybersecurity and application networking tools that help customers keep digital services fast and protected. Strong margins, solid cash generation, and exposure to AI, APIs, and telecom infrastructure make its recent progress worth a closer look.

Cricut makes connected crafting machines, design software, and repeat-purchase materials. The business stands out for high margins, strong cash generation, and very low debt, while the key question is whether its ecosystem can return to steadier long-term growth.

Allient makes motion, control, and power systems used in industrial automation, medical, aerospace, and transport equipment. Revenue has resumed growing, free cash flow has improved sharply, and its niche engineering focus gives the company an interesting long-term industrial profile.

Vertex provides software that helps businesses automate complex sales and indirect tax work. The appeal lies in sticky recurring revenue, a mission-critical product, improving cash generation, and long-term demand as digital compliance keeps expanding.

Backblaze provides cloud backup and object storage with a simple, lower-cost approach. Revenue is still growing at a healthy pace, free cash flow has turned positive, and B2 Cloud Storage gives the company exposure to AI and data-heavy workloads.