CrowdWorks full-year revenue rises 29.5%
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CrowdWorks Inc. (3900:TYO), a Tokyo-based firm that provides crowdsourcing services, a platform for ‘side hustles’ and IT staffing, reported revenue on 5 November of JPY 17.11 billion (USD 112.4 million) for the full year ended 30 September 2024, up 29.5% when compared to the same period a year ago.
(JPY millions) | FY 2024 | FY 2023 | Change | FY 2024 (USD million) |
Revenue | 17,113 | 13,210 | 29.5% | 112.4 |
Gross profit | 7,846 | 6,142 | 27.7% | 51.5 |
Gross margin | 45.8% | 46.5% | - | - |
Operating profit | 1,340 | 1,153 | 16.2% | 8.8 |
EBITDA | 1,741 | 1,420 | 22.6% | 11.4 |
Net profit | 910 | 1,096 | -16.9% | 5.9 |
CrowdWorks is a Japan-based company that is mainly engaged in crowdsourcing.
The company’s Matching Business saw a year-on-year increase of 27.3%, while the SaaS (Software-as-a-Service) business increased by 82.3%.
Looking ahead, the company forecasted revenue of JPY 22.24 billion (USD 146.1 million) ending 30 September 2025.
CrowdWorks shares closed on 5 November at JPY 1,348.00 (USD 8.86), up 2.90% on the day and 56.56% above the 52-week low of JPY 861.00 (USD 5.66) set on 31 May 2024. The company has a market cap of JPY 20.64 billion (USD 135.6 million).