Airtasker (ART) Q4 2025 TU earnings summary

Executive summary

• Achieved second consecutive year of positive free cash flow at $1.2m, with four straight quarters of positive free cash flow in 4Q25 at $670k.

• Group revenue grew 13.0% year-over-year to $52.7m, with marketplaces revenue up 18.4% to $45.1m.

• Ended 4Q25 with $19.1m in cash and term deposits, plus $27.9m in prepaid media.

• Accelerating revenue growth in UK and US markets, supported by significant investments in media partnerships.

• Australian marketplaces generated ~$15.3m in cash after funding all global head office costs, supporting UK and US expansion.

Financial highlights

• FY25 positive free cash flow of $1.2m; fourth consecutive quarter of positive free cash flow at $670k in 4Q25.

• FY25 Group revenue up 13.0% year-over-year to $52.7m; marketplaces revenue up 18.4% to $45.1m.

• Cash and term deposits at $19.1m at 30 June 2025.

• Receipts from customers totaled $14.9m for the quarter and $58.4m for the year.

• Australian marketplaces delivered positive EBITDA of $7.0m, including $1.2m non-cash marketing.

Outlook and guidance

• City-level marketplace goal to reach $25m GMV ARR and cash positive in 3 years from launch in new markets.

• At $25m GMV ARR, a city-level marketplace is expected to generate ~$5m revenue ARR with strong gross profit.

• UK and US marketplace contributions expected to moderate in 1Q26 and 2Q26 due to seasonal demand.

• Negative Group EBITDA expected to continue in FY26 as non-cash media advertising services are utilized.

• Options at scale include reinvesting for growth, accelerating with new capital, or generating dividends.