Airtasker Limited reports a strong HY26 with positive operating cash flow and robust international revenue growth, led by explosive gains in the US and UK marketplaces.
- Positive operating cash flow of $0.5 million and net cash flow of $8.3 million
- Marketplace revenue up 18.9%, driven by 12.9% growth in Australia
- UK revenue soars 85.1%, supported by new partnerships and marketing
- US revenue skyrockets 380% amid expansion into new cities
- Strong cash position of $27.1 million enables further international investment
Robust Financial Performance Amid Strategic Expansion
Airtasker Limited (ASX:ART) has delivered a compelling HY26 financial update, showcasing positive operating cash flow of $0.5 million and net cash flow of $8.3 million. This performance reflects a 13.5% increase in group revenue to a record $29.1 million, underpinned by a successful capital raise that bolstered the company’s balance sheet to $27.1 million in cash.
The company’s marketplace revenue climbed 18.9% to $25.8 million, with the Australian segment contributing a solid 12.9% growth. This was driven by a combination of increased gross marketplace volume and higher average task prices, supported by strategic media partnerships with oOh!media and the Australian Radio Network, which enhanced brand awareness and marketing ROI.
International Markets Accelerate Growth
Internationally, Airtasker’s UK and US marketplaces have emerged as key growth engines. The UK marketplace revenue surged 85.1% to $2.1 million, fueled by a 36.6% increase in booked tasks and partnerships with major retailers such as Argos and Dunelm. Channel 4’s continued investment and media reach have been instrumental in scaling brand presence across the UK.
Meanwhile, the US marketplace posted an extraordinary 380% revenue increase to $0.6 million, driven by rapid expansion into seven new cities including New York and Houston. The partnership with iHeartMedia, which provides access to a vast network of broadcast and streaming stations, has been pivotal in accelerating user acquisition and marketplace activity.
Balancing Growth with Cash Flow Discipline
Airtasker’s Australian marketplaces generated $7.7 million in positive cash flow, which has been strategically reinvested to fuel growth in the newer UK and US segments. Despite increased marketing spend in these international markets; up 61.1% to $8.7 million; the company maintained an underlying group cash flow close to breakeven, reflecting disciplined financial management amid aggressive expansion.
Founder and CEO Tim Fung highlighted the company’s confidence in sustaining momentum, citing the strength of their marketplace model and strategic partnerships. With $27 million in cash reserves and a clear path to double-digit revenue growth for FY26, Airtasker is well-positioned to capitalise on peak seasonal demand in its high-growth markets.
As Airtasker continues to scale internationally, the interplay between marketing investments, marketplace monetisation, and operational efficiency will be critical to watch. The company’s ability to convert growing gross marketplace volume into sustainable revenue streams will shape its trajectory in the competitive online services landscape.
Bottom Line?
Airtasker’s HY26 results set the stage for accelerated international growth, but sustaining profitability amid expansion will be the key challenge ahead.
Questions in the middle?
- How will upcoming convertible note maturities impact Airtasker’s financial flexibility?
- Can Airtasker maintain its rapid US growth while improving monetisation rates?
- What role will partnerships like Channel 4 and iHeartMedia play in future market penetration?