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 401–450 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*
<0.1% |
| 17,143€ |
| No filing for 2024. |
| 182€ |
| 1.1% |
| 4 |
| 346€ |
| 403 | Dago03563707 · Podgorica | <0.1% | 17,100€ | -66.7% | -4,047€ | -23.7% | 1 | 1,554€ |
| 404 | Cyber CO.02422824 · Podgorica | <0.1% | 17,093€ | +348.3% | -2,033€ | -11.9% | 1 | 972€ |
| 405 | Umbrella Capital Investment Group03371816 · Bar | <0.1% | 17,049€ | +25.6% | -2,347€ | -13.8% | 1 | 629€ |
| 406 | Mount Black Technologies03380904 · Podgorica | <0.1% | 17,000€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 2,100€ | 12.4% | 1 | 677€ |
| 407 | Inovativa03405656 · Podgorica | <0.1% | 16,888€ | -67.8% | 517€ | 3.1% | 1 | 1,229€ |
| 408 | Karikashop03424880 · Bar | <0.1% | 16,702€ | -58.3% | 168€ | 1.0% | 1 | 969€ |
| 409 | Nous Tech03218457 · Herceg Novi | <0.1% | 16,515€ | +34.3% | -1,762€ | -10.7% | 1 | 838€ |
| 410 | Otter03722180 · Podgorica | <0.1% | 16,500€ | No filing for 2024. | 8,691€ | 52.7% | 1 | 471€ |
| 411 | Archlogic03292908 · Podgorica | <0.1% | 16,470€ | -91.5% | -60,087€ | -364.8% | 2 | 1,851€ |
| 412 | Custom Software Solutions03131521 · Podgorica | <0.1% | 16,252€ | -76.2% | -23,946€ | -147.3% | 2 | 1,274€ |
| 413 | Polako Family03676340 · Bar | <0.1% | 16,216€ | +280.7% | -108€ | -0.7% | 1 | 1,016€ |
| 414 | Vadim Klimets Software03323579 · Budva | <0.1% | 16,200€ | +88.3% | -188€ | -1.2% | 1 | 924€ |
| 415 | Octopos03353613 · Podgorica | <0.1% | 16,164€ | +82.3% | -893€ | -5.5% | 1 | 1,274€ |
| 416 | Ptaide03782913 · Pljevlja | <0.1% | 16,000€ | No filing for 2024. | 134€ | 0.8% | 1 | 1,218€ |
| 417 | MM Digital03339637 · Budva | <0.1% | 15,963€ | -25.9% | -11,033€ | -69.1% | 2 | 946€ |
| 418 | Pinnacleai03593665 · Podgorica | <0.1% | 15,944€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 3,772€ | 23.7% | 1 | 865€ |
| 419 | Itex03738175 · Podgorica | <0.1% | 15,910€ | No filing for 2024. | -187€ | -1.2% | 1 | 629€ |
| 420 | MY Strategy03493024 · Budva | <0.1% | 15,768€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 6,058€ | 38.4% | 1 | 677€ |
| 421 | Simplit03525139 · Podgorica | <0.1% | 15,761€ | +6.7% | -17,059€ | -108.2% | 2 | 1,287€ |
| 422 | Lambrikht03559076 · Podgorica | <0.1% | 15,672€ | +48.7% | 3,964€ | 25.3% | 1 | 747€ |
| 423 | Domapay03781518 · Podgorica | <0.1% | 15,662€ | No filing for 2024. | 1,037€ | 6.6% | 1 | 1,007€ |
| 424 | Prosoft02428504 · Podgorica | <0.1% | 15,596€ | +32.5% | 2,513€ | 16.1% | 0 | — |
| 425 | Nickforse03507661 · Podgorica | <0.1% | 15,500€ | +287.5% | 2,567€ | 16.6% | 1 | 925€ |
| 426 | Solvera Montenegro03540049 · Podgorica | <0.1% | 15,405€ | -5.6% | -619€ | -4.0% | 1 | 1,199€ |
| 427 | Bingokyx03421155 · Tivat | <0.1% | 15,400€ | 0.0% | -5,728€ | -37.2% | 2 | 805€ |
| 428 | Softec02894840 · Podgorica | <0.1% | 15,327€ | +19.1% | 4,169€ | 27.2% | 1 | 819€ |
| 429 | Progress 2103480186 · Herceg Novi | <0.1% | 15,277€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 5,948€ | 38.9% | 1 | 678€ |
| 430 | Rush Digital Technologies03099156 · Budva | <0.1% | 15,206€ | -62.4% | -9,373€ | -61.6% | 1 | 1,050€ |
| 431 | Novikova Soft03567222 · Budva | <0.1% | 15,043€ | -12.7% | 1,499€ | 10.0% | 1 | 678€ |
| 432 | Za Trgovinu i Usluge Export-Import Trustpool03385035 · Bar | <0.1% | 14,850€ | -14.9% | 1,396€ | 9.4% | 1 | 1,013€ |
| 433 | Liber Polly03428818 · Bar | <0.1% | 14,652€ | +74.1% | 3,654€ | 24.9% | 1 | 754€ |
| 434 | Tesseris Monte03035921 · Bar | <0.1% | 14,200€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 1,725€ | 12.1% | 1 | 929€ |
| 435 | Noubis Services03431398 · Podgorica | <0.1% | 14,191€ | -41.2% | -6,946€ | -48.9% | 1 | 477€ |
| 436 | Aetherion03783952 · Nikšić | <0.1% | 14,119€ | No filing for 2024. | 6,750€ | 47.8% | 1 | 460€ |
| 437 | Core-Bridge03551121 · Bar | <0.1% | 14,030€ | -15.9% | -172€ | -1.2% | 2 | 495€ |
| 438 | Sweet Valley03294404 · Herceg Novi | <0.1% | 13,800€ | +0.5% | 774€ | 5.6% | 1 | 865€ |
| 439 | Qaim03286479 · Bar | <0.1% | 13,200€ | +43.5% | 330€ | 2.5% | 1 | 929€ |
| 440 | Anisia03422526 · Budva | <0.1% | 13,080€ | +43.1% | -95€ | -0.7% | 1 | 924€ |
| 441 | Aethera Labs03732355 · Budva | <0.1% | 13,063€ | No filing for 2024. | 198€ | 1.5% | 1 | 977€ |
| 442 | Digital Nomads Land03416216 · Tivat | <0.1% | 13,042€ | +63.0% | -3,589€ | -27.5% | 1 | 1,225€ |
| 443 | Konstitin03433145 · Bar | <0.1% | 13,000€ | 0.0% | 1,025€ | 7.9% | 1 | 926€ |
| 444 | Farm Game03515451 · Bar | <0.1% | 12,868€ | +4,189.3% | 4,175€ | 32.4% | 1 | 675€ |
| 445 | Artel Dev03548406 · Podgorica | <0.1% | 12,782€ | +40.2% | -83€ | -0.6% | 1 | 922€ |
| 446 | Terra Development03357872 · Podgorica | <0.1% | 12,716€ | +100.4% | 1,228€ | 9.7% | 2 | 436€ |
| 447 | Iti Computers03340961 · Budva | <0.1% | 12,675€ | +44.4% | 3,146€ | 24.8% | 1 | 390€ |
| 448 | Digitalna Kreativnost03631117 · Tivat | <0.1% | 12,550€ | -35.3% | -3,904€ | -31.1% | 1 | 574€ |
| 449 | Compiler Works03424073 · Podgorica | <0.1% | 12,534€ | +231.6% | 74€ | 0.6% | 1 | 927€ |
| 450 | Digital Tribe03662373 · Podgorica | <0.1% | 12,507€ | +388.0% | 3,734€ | 29.9% | 2 | — |