Thoughtworks Holding, Inc.

Thoughtworks Holding, Inc.

TWKS
Thoughtworks Holding, Inc.US flagNASDAQ Global Select
4.47
USD
- -
- -
1.45BMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
TTM
Revenue per Share
2.52
2.62
4.21
4.17
3.55
3.22
Basic EPS, GAAP
0.09
0.26
-0.24
-0.34
-0.22
-0.36
Free Cash Flow per Basic Share
0.03
0.36
0.36
0.21
0.13
-0.04
Dividend per Share
0.62
- -
1.24
- -
- -
- -
Book Value per Share
0.09
0.35
-0.07
-0.4
-0.61
-0.81
Tangible Book Value per Share
-1.07
-0.77
-0.17
-0.08
-0.12
-0.22
Basic Weighted Avg Shares
306
306
254
311
318
321
Sales/Revenue/Turnover
772
803
1,070
1,296
1,127
1,033
Operating Margin (%)
9.83
15
4.56
-3.65
-0.12
-3.17
Depreciation Expense
23
27
30
34
36
33
Net Income, GAAP
28
79
-1
-105
-69
-116
Effective Tax Rate (%)
40.59
22.64
103.56
- -
- -
- -
Profit Margin (%)
3.68
9.83
-0.05
-8.13
-6.09
-11.2
Working Capital
174
594
498
377
269
225
LT Debt
438
435
497
422
316
308
Total Equity
395
485
702
778
773
729
Return on Invested Capital (%)
- -
10.4
-0.16
- -
- -
- -
Return on Capital (%)
- -
19.43
-0.29
- -
- -
- -
Return on Common Equity (%)
- -
117.94
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
22
21
21
LT Borrowings
286
284
283
LT Finance Leases
30
28
25
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
322
323
323
Market Capitalization
1,528
808
911

Working Capital

FRC

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
428
381
367
Cash, Cash Equivalents & STI
100
73
48
Accounts Receivable, Net
168
131
144
Inventories
- -
- -
- -
Total Current Liabilities
159
133
142
Payables & Accruals
30
26
3
ST Debt
22
21
21
Deferred Revenue
18
12
37

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-0.65%
Free Cash Flow
- -
- -
-38.18%
Net Income, GAAP
- -
- -
-34.85%
Sales/Revenue/Turnover
- -
- -
-13.07%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
321
332
332
311
1,296
2023
307
287
280
252
1,127
2024
249
252
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
-0.14
-0.13
-0.12
0.05
-0.34
2023
-0.03
-0.04
-0.08
-0.07
-0.22
2024
-0.1
-0.11
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Michael R. Sutcliff
Full Time Employees
10,491
Sector
Technology
Industry
Information Technology Services
Address
200 East Randolph Street Chicago IL United States of America 60601
IPO Date
Sep 15, 2021
Business
Thoughtworks Holding, Inc. is a global technology consultancy that integrates strategy, design, engineering, and AI to drive digital innovation and enterprise modernization for clients across industries including technology and business services; energy, public, and health services; retail and consumer; financial services and insurance; and automotive, travel, and transportation. The company offers customer experience and product design services, including idea-to-market strategies, customer experience strategy, product management transformation, product design and delivery, and generative AI integration; product innovation to accelerate customer-centric solutions and sustain excellence; data modernization via a data-as-a-product approach for intelligent decision-making and scalable AI; scaling AI to turn experiments into production solutions; AI-first software engineering transformation for frictionless delivery and data-driven insights; enterprise platform modernization to overcome legacy systems like mainframes; and managed services with proactive AI-driven modernization. Founded in 1993 and headquartered in Chicago, Illinois, Thoughtworks operates over 10,000 professionals across 47 offices in 18 countries spanning North America, Europe, Asia Pacific, Latin America, and other regions; it functions as a privately held entity and subsidiary of affiliates of Apax Funds following its public listing in 2021. Recent developments include the completion in November 2024 of its $1.75 billion take-private transaction by Apax Funds at $4.40 per share, enabling refocused growth as a private company; the 2024 acquisition of people and technology assets from Watchful and appointment of Mike Sutcliff as chief executive officer; 2025 partnerships such as with Groq to accelerate AI value in Australia and British Airways Holidays for digital traveler experiences; and recognitions including Leader status in The Forrester Wave for Modern Application Development Services Q1 2025, Visionary in the 2024 Gartner Magic Quadrant for Custom Software Development Services, and Global ISO 27001 Certification.

Company News

APIChatGPT
  • Thoughtworks Recognized as John Deere Partner-Level Supplier in 2026 Achieving Excellence Program

  • Thoughtworks Joins Agile4Vets to Transform Veteran Healthcare Services

  • Thoughtworks Honored as a Forrester 2025 B2B Return on Integration Winner

  • Favor Delivery and Thoughtworks Revolutionize the On-demand Shop & Deliver Experience

  • Thoughtworks Appoints Shayan Mohanty as Chief Data and AI Officer to Lead Global Data and AI Service Line

  • Thoughtworks Appoints Amit Choudhary as Chief Operating Officer

  • Thoughtworks Appoints Rav Hayer as Managing Director for UK & Ireland and Head of European Financial Services Practice

  • Simon & Schuster Teams with Thoughtworks to Revolutionize Language Learning for Greater Innovation and Business Alignment

  • Thoughtworks Named as an Iconic Partner by The Valuable 500, Joining a Global Movement to Advance Disability Inclusion

  • Thoughtworks State of Digital and AI Readiness Report Reveals Only 17% of Organizations are True Leaders

  • carsales Drives Operational Transformation and AI-Powered Customer Service in Australia with Thoughtworks

  • Thoughtworks' “Inside the Technology Radar” Documentary

  • Thoughtworks Appoints Kaushik Sarkar as Regional Managing Director for Europe, Middle East and India

  • Thoughtworks Technology Radar Highlights GenAI's Impact and Key Factors Shaping Today's Software Development and Delivery

  • Thoughtworks and DX Join Forces to Advance Software Engineering Excellence

  • GXS Bank Partners with Thoughtworks to Expand its Digital Footprint across Southeast Asia

  • Redbridge Debt & Treasury Advisory Selects Thoughtworks to Provide Richer Data Insights for Payments Clients

  • Thoughtworks Selected by the Crown Commercial Service on the Digital Capability for Health 2 (DCfH2) Framework

  • Thoughtworks Signs Strategic Collaboration Agreement with AWS to Accelerate Generative AI Adoption and Address Industry Challenges in Asia Pacific

  • Thoughtworks Holding, Inc. (TWKS) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Contact the Firm to Learn More About the Investigation