European Growth Leaders 2026

Annual ranking data providerLSEG WorkspaceUsed with permission · acknowledgements

An independent academic observatory making Europe’s listed growth companies visible.

Francesco Castellaneta, Full Professor of Strategy, SKEMA Business School · Scientific Committee Diego Zunino and Jackie Krafft

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Annual rank26

Poland · Technology

Vercom

Vercom develops global cloud communications platforms across email, SMS, push notifications and instant messaging.

+101%revenue growth
FY2022–FY2025
+218%net-income growth
FY2022–FY2025
+247%stock return
FY2022–FY2025
−2%2026 stock return
current context only

Company profile

From a software event to a message on the customer's screen

Vercom is the Warsaw-listed communications-platform company behind enterprise products such as MessageFlow and self-service products such as MailerLite. Its platforms help developers, marketers and service teams send transactional alerts, campaigns and automated journeys by email, SMS, mobile or web push, RCS and messaging apps. This profile follows the message from API or campaign builder to delivery and response, while keeping Vercom's product perimeter distinct from shareholder cyber_Folks and separate e-commerce company Shoper.

Enterprise delivery

A password reset and a marketing campaign should not share the same queue

MessageFlow gives developers one REST API for email, SMS and push, while its Email API returns a message ID, sends delivery events through webhooks and can separate transactional traffic from bulk campaigns. MessageFlow Priority routes OTP, two-factor-authentication and security alerts through a dedicated path. Vercom's official case says energy supplier TAURON moved transactional and marketing communication to MessageFlow, integrated email and SMS, and sought secure, high-deliverability delivery for millions of Polish customers. The platform later joined Azure Marketplace.

Creators and small businesses

One builder covers newsletters, forms, sites and automations

Vercom acquired 100% of MailerLite in June 2022. The product lets small businesses and creators build newsletters, forms, landing pages, sites and automated journeys triggered by subscriber actions or purchases. MailerLite's Spoony case pairs MailerLite marketing with MailerSend transactional email for an app with more than 43,000 subscribers, aiming for one consistent brand across both. The official English tutorial walks through dashboards, campaign types, subscriber groups and segments, forms, sites and automations.

Push and re-engagement

Push can sit inside an existing marketing automation

Vercom lists PushPushGo in its portfolio and records a 2021 investment in the product. PushPushGo covers web, mobile, onsite, in-app and WhatsApp notifications. Its ActiveCampaign integration adds push actions to existing automations, maps subscribers through an external ID and returns sent, delivered and clicked events. In an English customer story, Slovenian publisher Dnevnik.si describes adding one code snippet, seeing reader traffic spike after each push and using the channel to bring visitors back. The linked English tutorial shows the integration setup.

Scale and product perimeter

100,400 customers, but a clearly defined product perimeter

In its Q2 2025 presentation Vercom reported more than 100,400 clients in 180 markets and 15 team locations. Its portfolio lists MessageFlow, MailerLite, EmailLabs, SerwerSMS, FreshMail, PushPushGo, AppChance, Admetrics and ProfiSMS. MailerLite belongs here because Vercom acquired all of it. cyber_Folks appears in Vercom's dated shareholder record; Shoper appears in the Q1 2025 presentation as a cross-selling and integration partner. Neither is presented as a Vercom communications product.

Current 2026 update

What has changed in 2026?

Q1 2026 · 19 May 2026

Q1 2026latest official update
3company-specific highlights
−2%2026 stock return · context only

Revenue

Q1 revenue rose to PLN 122.9m from PLN 110.8m.

Q1 2026 · PLN 122.9m · +11.0%

Operating profit

Q1 operating profit rose to PLN 30.0m from PLN 24.8m.

Q1 2026 · PLN 30.0m · +20.8%

Profit

Q1 profit attributable to owners of the Parent rose to PLN 23.9m from PLN 22.5m.

Q1 2026 · PLN 23.9m · +6.3%

Annual record

Ranking history

Future editions add rows; they do not rewrite the 2026 record.

EditionMeasurement periodRankRevenue growthNet-income growthStock return
2026FY2022–FY202526+101%+218%+247%