Dr. Chris Hughen, CFA

Assoc. Professor of Finance
Daniels College of Business
University of Denver


Sidebar portrait

Top Performing Colorado Stocks

Data through September 30, 2026

Past 3 Months (Jul 2026 – Sep 2026)

RankCompanyTickerTotal ReturnMarket Cap
1Quantum Corp.QMCO+188.4%$1.3B
2Greenland Energy Co.GLND+133.2%$224M
3Bnb Standard Corp.BNC+116.5%$242M
4American Clean Res Group Inc.ACRG+77.6%$113M
5Uranium Royalty Corp.UROY+45.3%$1.5B
6Vista Gold Corp.VGZ.+43.3%$560M
7Biodesix Inc.BDSX+32.3%$315M
8Mesa Laboratories Inc.MLAB+30.7%$727M
9Sm Energy Co.SM+30.3%$8.0B
10Dhi Group Inc.DHX+26.7%$204M

Quantum Corp. (QMCO) — Quantum, the Colorado-based data storage and management company, markets its platform as infrastructure for AI workloads—spanning high-performance data ingest and large, durable unstructured-data lakes used to train and run AI models. Against intense investor enthusiasm for companies tied to artificial-intelligence buildouts, this small-capitalization stock tracked that theme higher across the spring and summer of 2026. The scale of the move also reflects QMCO's thin float and volatile trading, which tend to amplify shifts in sentiment, rather than any single confirmed catalyst.

Past 6 Months (Apr 2026 – Sep 2026)

RankCompanyTickerTotal ReturnMarket Cap
1Quantum Corp.QMCO+567.8%$1.3B
2Red Robin Gourmet BurgersRRGB+158.4%$143M
3Biodesix Inc.BDSX+105.7%$315M
4Bnb Standard Corp.BNC+101.7%$242M
5Frontier Group Hold Inc.ULCC+69.1%$1.4B
6Cpi Card Group Inc.PMTS+68.9%$284M
7Dhi Group Inc.DHX+67.3%$204M
8Riot Platforms Inc.RIOT+63.0%$7.6B
9Arrow Electronics Inc.ARW+58.3%$11.6B
10Digitalocean Holdings Inc.DOCN+55.5%$15.7B

Quantum Corp. (QMCO) — Quantum, the Colorado-based data storage and management company, markets its platform as infrastructure for AI workloads—spanning high-performance data ingest and large, durable unstructured-data lakes used to train and run AI models. Against intense investor enthusiasm for companies tied to artificial-intelligence buildouts, this small-capitalization stock tracked that theme higher across the spring and summer of 2026. The scale of the move also reflects QMCO's thin float and volatile trading, which tend to amplify shifts in sentiment, rather than any single confirmed catalyst.

Past 12 Months (Oct 2025 – Sep 2026)

RankCompanyTickerTotal ReturnMarket Cap
1Biodesix Inc.BDSX+295.1%$315M
2Digitalocean Holdings Inc.DOCN+290.5%$15.7B
3Quantum Corp.QMCO+219.8%$1.3B
4Edgewise Thera Inc.EWTX+150.3%$4.4B
5Enliven Therapeutics Inc.ELVN+123.9%$3.4B
6Mesa Laboratories Inc.MLAB+95.2%$727M
7Arrow Electronics Inc.ARW+87.6%$11.6B
8Innovage Hold Corp.INNV+70.5%$1.2B
9Dhi Group Inc.DHX+69.1%$204M
10Advanced Energy Inds Inc.AEIS+65.9%$11.3B

Biodesix Inc. (BDSX) — Biodesix's gain tracked a year of accelerating diagnostics growth and a clearer path to profitability. Biodesix finished 2025 with full-year revenue of an estimated $88.5 million, up 24% and exceeding its raised guidance , then delivered $25.6 million in Q1 2026 revenue, up 42%, and raised full-year guidance to $108-114 million. Q2 revenue rose 34% to $26.9 million at an 82% gross margin , with gains driven by Nodify Lung adoption, expanding reimbursement, and higher average selling prices.


Methodology: Colorado-headquartered companies from WRDS Compustat (comp.company state = 'CO'). Common stocks only, one security per company (largest issue). Total returns include dividends, computed from Compustat Security Monthly adjusted prices ((prccm/ajexm)*trfm). Screens: market cap >= $100M at the ranking month-end, price >= $1 at the window start, complete monthly return history over the window.

For informational and educational purposes only. Not investment advice. Past performance does not guarantee future results.