The 2023 Fenwick – Bloomberg Law SV 150
In collaboration with Bloomberg Law, each year Fenwick publishes the Fenwick-Bloomberg Law SV 150 list, which ranks the largest Silicon Valley-based public technology and life sciences companies by revenue.
Using the companies on this list, as well as those comprising the Standard & Poor’s 100 Index (S&P 100), Fenwick publishes annual reports that compare each group’s proxy season results, corporate governance practices and board diversity trends.
We create these reports to provide information that can guide company leaders and corporate boards as they make governance decisions and benchmark their governance practices. To receive our upcoming reports analyzing 2023 proxy season and corporate governance data, please sign up here.
The 2023 Fenwick – Bloomberg Law SV 150 List is calculated based on company revenue for the most recent available four quarters which ended on or near December 31, 2022. For more information on this list and related trends, view Bloomberg Law’s press release here.
Notes:
Data source: Bloomberg.
Revenue data are based on Bloomberg quarterly data, adjusted by Fenwick to reflect a calendar-year revenue for each company for comparison purposes. In addition, Bloomberg has calculated adjusted revenue for LendingClub ($1.27 billion), reflecting that the net revenue required for GAAP reporting by financial institutions differs from revenue reported by operating companies more generally. These updated or adjusted revenues were not used for purposes of determining the Fenwick – Bloomberg Law SV 150 List, though Bloomberg generally provides them when reporting 2022 revenues for those companies.
July 2023 Update: The list has been updated to include Splunk, Inc. (ranked 45) which was erroneously omitted in the initially posted version. LendingClub Corp.’s ranking was corrected to 81 (previously ranked 78) based on the company's net revenue, rather than calendar year revenue, reflecting that the net revenue required for GAAP reporting by financial institutions differs from revenue reported by operating companies more generally.