Company data sheet · Thoughtworks Holding
Thoughtworks Holding: three lost years, and the economy wasn't the reason.
- Industry
- Computer Programming Services
- Headquarters
- United States
- Sources
- SEC filings (2021–2024), Stratrix's verified Decision Cases, market data and official economic statistics for the United States
- Data as of
- October 18, 2026
- From profit to three straight losses. Thoughtworks Holding earned $0.1 billion in 2019–2020. Then it lost money every year from 2021 to 2023: $0.2 billion in all.
- It wasn't the cycle. The losses began in 2021, a year the US economy grew 6.3%. When a company falls while its economy grows, look inside the company first.
- Still smaller than it was. Revenue reached $1.1 billion in 2023, 13% below its 2022 peak of $1.3 billion.
- A steady bench. Thoughtworks Holding filed 4 leadership changes since 2016, fewer than 80% of large service companies (the median is 16).
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2019 | $0.8 billion | $0 billion | |
| 2020 | $0.8 billion | $0.1 billion | |
| 2021 | $1.1 billion | −$0 billion | |
| 2022 | $1.3 billion | −$0.1 billion | |
| 2023 | $1.1 billion | −$0.1 billion |
As reported in its annual filings. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 12 decision filings since 2016, each linked to the SEC, with the share return against its sector and the S&P 500 the next day and the next year (0 with market data).
- Economic context: 7 measures for the United States, every year since 2016, from the official sources.
- Peer comparison: against 528 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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