Thoughtworks Holding Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Revenue	1,014	1,127	1,296	1,070	803.38	772.19
Revenue Growth (YoY)	-14.44%	-13.07%	21.15%	33.18%	4.04%	-
Cost of Revenue	710.67	772.8	950.31	669.68	475.56	476.63
Gross Profit	303.38	354.02	345.93	400.26	327.82	295.56
Selling, General & Admin	302.22	327.23	372.76	333.9	189.85	203.89
Operating Expenses	325.25	350.78	393.25	351.5	207.33	219.66
Operating Income	-21.87	3.23	-47.31	48.76	120.49	75.9
Interest Expense	-26.86	-26.24	-23.36	-25.46	-25.77	-26.43
Currency Exchange Gain (Loss)	6.28	3.88	-5.41	-5.47	7.18	-1.75
Other Non Operating Income (Expenses)	1.1	-	-	-1.67	0.19	0.12
EBT Excluding Unusual Items	-41.35	-19.13	-76.08	16.17	102.08	47.84
Merger & Restructuring Charges	-36.94	-23.54	-	-	-	-
Gain (Loss) on Sale of Assets	-0.33	-0.33	2.54	-	-	-
Other Unusual Items	0.95	-0.13	-1.03	-	-	-
Pretax Income	-77.67	-43.13	-74.57	16.17	102.08	47.84
Income Tax Expense	18.19	25.53	30.83	16.74	23.11	19.42
Net Income	-95.86	-68.66	-105.39	-0.58	78.97	28.42
Preferred Dividends & Other Adjustments	-	-	-	59.64	6.15	-
Net Income to Common	-95.86	-68.66	-105.39	-60.22	72.82	28.42
Net Income Growth	-	-	-	-	177.88%	-
Shares Outstanding (Basic)	322	318	311	254	278	278
Shares Outstanding (Diluted)	322	318	311	254	285	281
Shares Change (YoY)	1.70%	2.19%	22.28%	-10.66%	1.11%	-
EPS (Basic)	-0.30	-0.22	-0.34	-0.24	0.26	0.10
EPS (Diluted)	-0.30	-0.22	-0.34	-0.24	0.26	0.10
EPS Growth	-	-	-	-	160.00%	-
Free Cash Flow	-32.86	40.11	64.88	92.24	110.17	10.58
Free Cash Flow Per Share	-0.10	0.13	0.21	0.36	0.39	0.04
Gross Margin	29.92%	31.42%	26.69%	37.41%	40.80%	38.28%
Operating Margin	-2.16%	0.29%	-3.65%	4.56%	15.00%	9.83%
Profit Margin	-9.45%	-6.09%	-8.13%	-5.63%	9.06%	3.68%
Free Cash Flow Margin	-3.24%	3.56%	5.01%	8.62%	13.71%	1.37%
EBITDA	2.92	33.88	-17.57	76.09	143.51	97.67
EBITDA Margin	0.29%	3.01%	-1.36%	7.11%	17.86%	12.65%
D&A For EBITDA	24.79	30.65	29.75	27.33	23.03	21.77
EBIT	-21.87	3.23	-47.31	48.76	120.49	75.9
EBIT Margin	-2.16%	0.29%	-3.65%	4.56%	15.00%	9.83%
Effective Tax Rate	-	-	-	103.56%	22.64%	40.59%
Advertising Expenses	-	5	4.1	2.3	0.9	1.8

Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q