Colorado business filings saw an uptick year-over-year at the end of last year, a new report shows. 

There were nearly 43,000 new business registrations across the state in the fourth quarter of 2025, according to the Quarterly Business and Economic Indicators report released Tuesday from the University of Colorado Boulder and the Colorado Secretary of State’s Office. 

Business registrations are seasonal and saw a decline from the previous quarter, but was up 4.5% compared to the same period as last year. 

“We’re seeing growth, and when we take a look at the 12 quarter rolling sum, we see even stronger growth up about 9.7% year over year in new entity filings,” said CU Boulder economist Brian Lewandowski.

But business filings were a mixed bag.

There were fewer businesses renewing their registrations compared to a year ago. Renewals in Colorado fell 3.4%, though it improved from the third quarter. Delinquencies, which measures how many businesses are behind on their filings, grew 9.2% in a year and 1% from the third quarter of 2025.

On the bright side, the number of businesses voluntarily shutting down their operations improved greatly.

Dissolutions fell by more than 31% in a year, the report said.

 
“We also continued to see a rise in entities in good standing,” Lewandowski said. “In fact, if I take a look at entities in good standing as a total over time, we’re at the highest level of good standing entities that we’ve ever seen in the history of this data that we’ve been tracking.”

The number of entities in good standing grew to more than 1 million businesses, up 3.7% year-over-year.

The report said Colorado’s economy is dealing with a stagnating job market but falling unemployment, steady inflation at 2.2% and a gross domestic product that grew by 4.3% between the second and third quarter of 2025.

“Despite a lot of uncertainty from the federal government, Colorado’s years of strong economic growth has put us in a position of strength comparatively,” said Colorado Secretary of State Jena Griswold.