Thoughtworks is a global technology consultancy that integrates strategy, design and engineering to drive digital innovation. Thoughtworks is 9,000+ people strong across 48 offices in 17 countries. Over the last 25+ years, the Company has delivered extraordinary impact together with its clients by helping them solve complex business problems with technology as the differentiator.
Company profile
Ticker
TWKS
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Cognizant Technology Solutions • Amdocs • Verisign • Compass • Formula Systems • Synchronoss • HashiCorp • Realnetworks • EPAM Systems • Perficient ...
Former names
Turing Holding Corp.
SEC CIK
Corporate docs
Subsidiaries
ThoughtWorks Australia Pty Ltd • ThoughtWorks Brasil Software LTDA. • ThoughtWorks Software Technologies (Beijing) Ltd. • ThoughtWorks Software Technologies (Chengdu) Ltd. • ThoughtWorks Software Technologies (Wuhan) Ltd. • ThoughtWorks Software Technologies (Xi’an) Ltd. • ThoughtWorks, Inc. • Turing Topco LLC • ThoughtWorks, Ltd. • ThoughtWorks Deutschland GmbH ...
TWKS stock data
Analyst ratings and price targets
Latest filings (excl ownership)
10-K
2022 FY
Annual report
28 Feb 23
8-K
Thoughtworks Reports Fourth Quarter and Full Year 2022 Financial Results
28 Feb 23
8-K
Entry into a Material Definitive Agreement
12 Dec 22
10-Q
2022 Q3
Quarterly report
14 Nov 22
8-K
Thoughtworks Reports Third Quarter 2022 Financial Results
14 Nov 22
10-Q
2022 Q2
Quarterly report
15 Aug 22
8-K
Thoughtworks Reports Strong Second Quarter 2022 Financial Results
15 Aug 22
8-K
Submission of Matters to a Vote of Security Holders
17 Jun 22
10-Q
2022 Q1
Quarterly report
9 May 22
8-K
Thoughtworks Reports Strong First Quarter 2022 Financial Results and Raises Full Year 2022 Guidance
9 May 22
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | |
|---|---|---|---|
| Revenue | |||
| Cost of revenue | |||
| Operating income | |||
| Operating margin | |||
| Net income | |||
| Net profit margin | |||
| Cash on hand | |||
| Change in cash | |||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 195.56 mm | 195.56 mm | 195.56 mm | 195.56 mm | 195.56 mm | 195.56 mm |
| Cash burn (monthly) | (no burn) | 16.61 mm | (no burn) | 6.21 mm | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 45.84 mm | n/a | 17.14 mm | n/a | n/a |
| Cash remaining | n/a | 149.72 mm | n/a | 178.42 mm | n/a | n/a |
| Runway (months of cash) | n/a | 9.0 | n/a | 28.7 | n/a | n/a |
Institutional ownership, Q4 2022
89.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 130 |
| Opened positions | 40 |
| Closed positions | 15 |
| Increased positions | 58 |
| Reduced positions | 24 |
| 13F shares | Current |
|---|---|
| Total value | 837.08 bn |
| Total shares | 283.58 mm |
| Total puts | 2.30 k |
| Total calls | 126.40 k |
| Total put/call ratio | 0.0 |
| Largest owners | Shares | Value |
|---|---|---|
| APAX IX GP | 197.75 mm | $0.00 |
| Ag Siemens | 24.15 mm | $246.11 bn |
| Massachusetts Financial Services | 13.03 mm | $132.73 bn |
| Vanguard | 8.05 mm | $82.01 bn |
| Capital World Investors | 5.07 mm | $51.69 bn |
| BLK Blackrock | 4.18 mm | $42.64 bn |
| MS Morgan Stanley | 3.47 mm | $35.37 bn |
| GW&K Investment Management | 3.20 mm | $32.61 mm |
| AMP Ameriprise Financial | 3.00 mm | $30.60 bn |
| Allspring Global Investments | 2.39 mm | $24.34 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 7 Mar 23 | Erin Cummins | Common Stock | Buy | Acquire P | No | No | 7.63 | 14,500 | 110.64 k | 332,009 |
| 2 Mar 23 | Guo Xiao | Common Stock | Buy | Acquire P | No | No | 7.64 | 35,000 | 267.40 k | 1,389,647 |
| 23 Nov 22 | Ian Davis | Common Stock | Buy | Acquire P | No | No | 8 | 25,000 | 200.00 k | 43,163 |
| 18 Nov 22 | Chad-Affonso Wathington | Common Stock | Payment of exercise | Dispose F | No | No | 8.95 | 1,919 | 17.18 k | 95,123 |
| 18 Nov 22 | Rebecca J Parsons | Common Stock | Payment of exercise | Dispose F | No | No | 8.95 | 3,631 | 32.50 k | 832,999 |
News
Looking Into Thoughtworks Holding's Return On Capital Employed
3 Mar 23
'Thoughtworks Lays Off Around 500 Employees Amid Ongoing Slowdown' - Tech Crunch
1 Mar 23
Credit Suisse Maintains Neutral on Thoughtworks Holding, Lowers Price Target to $10
1 Mar 23
Citigroup Maintains Neutral on Thoughtworks Holding, Lowers Price Target to $8
1 Mar 23
Sarepta Therapeutics To Rally Over 53%? Here Are 10 Other Analyst Forecasts For Wednesday
1 Mar 23
Press releases
First Student and Thoughtworks Lead the Way in Transportation Experiences for Students with Disabilities and Special Needs
9 Mar 23
Thoughtworks Reports Fourth Quarter and Full Year 2022 Financial Results
28 Feb 23
Thoughtworks to Report Fourth Quarter 2022 Financial Results
14 Feb 23
Thoughtworks Acquires Leading Australian AWS Consultancy, Itoc
6 Feb 23
TBC Group's SPACE International Partners with Global Tech Consultancy Thoughtworks
3 Jan 23