In this article, we will list the 5 High Growth Low Debt Stocks to Invest in Right Now. Please visit 10 High Growth Low Debt Stocks to Invest in Right Now if you’d like to see an extended list.
For this article, we screened for companies with strong recent growth and conservative balance sheets. We defined high growth as the latest reported revenue, annual recurring revenue, or recurring gross profit growth of at least 20% year over year. For the low-debt screen, we focused on companies with net cash positions, no meaningful debt, or cash and marketable securities comfortably exceeding interest-bearing debt. We then prioritized businesses with improving profitability, positive free cash flow, and durable growth drivers.
5. Datadog, Inc. (NASDAQ:DDOG)
Datadog, Inc. (NASDAQ:DDOG) is one of the high growth low debt stocks to invest in right now. The company fits the list because demand for cloud monitoring, security, and AI observability continues to translate into strong revenue growth and cash generation. On May 7, Datadog, Inc. (NASDAQ:DDOG) reported first-quarter revenue of $1.01 billion, up 32% year over year, while non-GAAP operating income reached $223 million and non-GAAP operating margin was 22%.
Source: Freepik
The growth is also showing up in larger customer relationships. As of March 31, 2026, Datadog, Inc. (NASDAQ:DDOG) had about 4,550 customers with annual recurring revenue of $100,000 or more, up 21% from about 3,770 a year earlier. The company generated $335 million in operating cash flow and $289 million in free cash flow during the quarter. Its balance sheet also supports the low-debt screen, with $426.4 million in cash and cash equivalents and $4.33 billion in marketable securities, compared with $984.5 million in non-current convertible senior notes as of March 31, 2026. Datadog’s June 9 DASH 2026 announcements, including expanded Bits AI agents, Agent Observability, and AI governance tools, add context to why the platform remains relevant as enterprises monitor increasingly AI-heavy infrastructure.
Datadog, Inc. (NASDAQ:DDOG) provides a cloud-based observability and security platform that helps organizations monitor infrastructure, applications, logs, user experience, cloud costs, databases, software delivery, security, and AI workloads.
4. Arista Networks, Inc. (NYSE:ANET)
Arista Networks, Inc. (NYSE:ANET) is one of the high growth low debt stocks to invest in right now. The company fits the list because AI data-center demand is translating into strong revenue growth while Arista continues to operate with high margins and a cash-heavy balance sheet. On May 5, Arista Networks, Inc. (NYSE:ANET) reported first-quarter 2026 revenue of $2.71 billion, up 35.1% year over year, while GAAP and non-GAAP operating margins stood at 42.7% and 47.8%, respectively.
The growth is tied directly to Arista’s role in high-performance networking for AI, cloud, campus, and routing environments. On June 9, Arista Networks, Inc. (NYSE:ANET) introduced the 7060XE7 Series, a portfolio of 1.6T networking platforms designed for rack-scale AI infrastructure. The launch supports the company’s push deeper into AI fabrics as workloads scale from thousands to hundreds of thousands of XPUs. Arista’s balance sheet also supports the low-debt angle. As of March 31, 2026, the company had $2.79 billion in cash and cash equivalents and $9.56 billion in marketable securities, compared with total liabilities of $8.17 billion.
Arista Networks, Inc. (NYSE:ANET) provides data-driven networking products and software for large AI, data center, campus, routing, and cloud environments, including switching platforms, routing systems, network operating software, automation, analytics, and security tools.
3. Shopify Inc. (NASDAQ:SHOP)
Shopify Inc. (NASDAQ:SHOP) is one of the high growth low debt stocks to invest in right now. The company fits the list because its commerce platform is still expanding at scale while producing strong free cash flow and maintaining a clean balance sheet. On May 5, Shopify Inc. (NASDAQ:SHOP) reported first-quarter 2026 revenue of $3.17 billion, up 34% year over year, while gross merchandise volume rose 35% to $100.74 billion. Free cash flow reached $476 million, with a free cash flow margin of 15%.
The balance-sheet case is especially strong for a company still investing heavily in growth. As of March 31, 2026, Shopify Inc. (NASDAQ:SHOP) had $1.85 billion in cash and cash equivalents and $3.90 billion in marketable securities, compared with total liabilities of $1.62 billion. That gives the company flexibility to fund product development, merchant services, AI tools, and platform expansion without relying on heavy debt. Shopify also guided for second-quarter revenue growth in the high-twenties percentage range, showing that management still expects strong top-line momentum after a quarter in which merchants cleared more than $100 billion in GMV.
Shopify Inc. (NASDAQ:SHOP) provides internet infrastructure for commerce, helping businesses sell online, in stores, across marketplaces, through social channels, and through emerging AI-driven shopping experiences.
2. NVIDIA Corporation (NASDAQ:NVDA)
NVIDIA Corporation (NASDAQ:NVDA) is one of the high growth low debt stocks to invest in right now. The company fits the list because demand for AI infrastructure is still driving exceptional growth, while NVIDIA continues to carry a balance sheet with far more financial strength than debt burden. On May 20, NVIDIA Corporation (NASDAQ:NVDA) reported first-quarter fiscal 2027 revenue of $81.6 billion, up 85% year over year, while Data Center revenue rose 92% to $75.2 billion.
The growth story is tied to the buildout of AI factories across hyperscale cloud, enterprise, sovereign AI, and industrial computing markets. NVIDIA Corporation (NASDAQ:NVDA) also said Data Center compute revenue reached $60.4 billion, up 77% year over year, while Data Center networking revenue rose 199% to $14.8 billion. Its balance sheet also supports the low-debt screen. As of April 26, 2026, NVIDIA had $13.24 billion in cash and cash equivalents, $37.10 billion in marketable debt securities, and $30.24 billion in marketable equity securities, compared with $1.00 billion in short-term debt and $7.47 billion in long-term debt. The company also announced an additional $80.0 billion share repurchase authorization, reflecting the cash-generating power behind the growth.
NVIDIA Corporation (NASDAQ:NVDA) provides accelerated computing platforms, graphics processors, networking systems, AI software, data-center infrastructure, gaming technologies, robotics tools, autonomous-vehicle platforms, and professional visualization solutions.
1. Palantir Technologies Inc. (NASDAQ:PLTR)
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the high growth low debt stocks to invest in right now. The company fits the list because its AI software demand is accelerating across both government and commercial customers, while the balance sheet remains debt-free. On May 4, Palantir Technologies Inc. (NASDAQ:PLTR) reported first-quarter 2026 revenue of $1.63 billion, up 85% year over year and 16% sequentially, driven by continued strength in its U.S. business.
The growth was broad enough to support the high-growth case rather than resting on a single pocket of demand. U.S. revenue grew 104% year over year to $1.28 billion, U.S. commercial revenue rose 133% to $595 million, and U.S. government revenue increased 84% to $687 million. Palantir Technologies Inc. (NASDAQ:PLTR) also reported adjusted operating income of $984 million, representing a 60% margin, and generated $925 million in adjusted free cash flow. Its balance sheet supports the low-debt screen directly, as the company ended the quarter with $8.0 billion in cash, cash equivalents, and U.S. Treasury securities, and no debt.
Palantir Technologies Inc. (NASDAQ:PLTR) provides AI-powered software platforms that help government and commercial customers integrate data, automate decisions, manage operations, build AI workflows, and deploy mission-critical applications.
While we acknowledge the potential of PLTR to grow, our conviction lies in the belief that some other AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PLTR and that has 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
