Thoughtworks

Thoughtworks

A community of passionate individuals whose purpose is to revolutionize software design, creation and delivery, while advocating for positive social change.. Learn more

Launch date
Employees
Market cap
€1.3b
Enterprise valuation
€1.5b (Public information from Sep 2024)
Chicago Illinois (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023202420252026
Revenues803m1.1b1.3b1.1b1.0b1.1b1.2b
% growth4 %33 %21 %(13 %)(10 %)7 %12 %
EBITDA148m47.0m(12.3m)34.6m75.1m117m156m
% EBITDA margin18 %4 %(1 %)3 %7 %11 %13 %
Profit79.3m(23.6m)(105m)(68.7m)(70.8m)<1m41.1m
% profit margin10 %(2 %)(8 %)(6 %)(7 %)-3 %
EV / revenue-7.8x2.6x1.5x1.6x1.4x1.3x
EV / EBITDA-177.1x-278.5x49.8x21.8x13.3x9.6x
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DateInvestorsAmountRound

$28.0m

Series A

N/A

Growth Equity VC

$720m

Valuation: $4.6b

5.7x EV/LTM Revenues

31.2x EV/LTM EBITDA

Growth Equity VC
N/A

$773m

Valuation: $9.0b

11.2x EV/LTM Revenues

61.0x EV/LTM EBITDA

IPO
Total Funding€680m

Recent News about Thoughtworks

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More about Thoughtworksinfo icon
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Thoughtworks is a global technology consultancy that helps businesses modernize and innovate through a combination of strategy, design, and software engineering. With over 30 years of experience, Thoughtworks has been at the forefront of digital transformation, enabling clients to create adaptable technology platforms, world-class digital products, and leverage data and artificial intelligence (AI) to unlock new sources of value.

The company serves a diverse range of clients, from large enterprises to smaller businesses, across various industries including finance, healthcare, retail, and more. Thoughtworks operates in the global market, providing its services to clients around the world.

Thoughtworks' business model revolves around consultancy services. They work closely with clients to understand their business challenges and goals, and then develop tailored solutions that integrate strategy, design, and technology. This often involves creating custom software, modernizing existing systems, and implementing data-driven strategies.

The company makes money by charging clients for its consultancy services. This can include project-based fees, retainer agreements, and long-term partnerships. By delivering high-quality, impactful solutions, Thoughtworks helps clients achieve their business objectives, which in turn drives revenue growth for the company.

In summary, Thoughtworks is a leading technology consultancy that combines strategy, design, and software engineering to help businesses thrive in the digital age. They serve a wide range of clients globally, offering tailored solutions that drive innovation and growth.

Keywords: technology consultancy, digital transformation, software engineering, strategy, design, AI, data, enterprise modernization, custom software, global market.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Thoughtworks

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Itoc
ACQUISITION by Thoughtworks Feb 2023
Connected Lab
ACQUISITION by Thoughtworks Apr 2022
Fourkind
ACQUISITION by Thoughtworks Feb 2021
Handmade Assessoria Digital
ACQUISITION by Thoughtworks Jul 2022
Handmade Design
ACQUISITION by Thoughtworks Aug 2022