Private company

Thoughtworks Holding, Inc.

American computer programming services company, incorporated in Delaware. Summary from the record

Last updated Oct 19, 2026.

Overview

  • IndustryServices-Computer Programming Services1
  • HeadquartersChicago, Illinois1
  • Incorporated inDE2
  • Business address200 East Randolph Street, 25Th Floor, Chicago, Il 606012
  • Filer categoryLarge accelerated filer2

See how the biggest companies compare on our leaderboards

Thoughtworks Holding, Inc. ("Thoughtworks," the "Company," "we," "us," or "our") is a global technology consultancy that integrates strategy, design and software engineering to enable enterprises and technology disruptors across the globe to thrive as modern digital businesses. Thoughtworks exists to deliver extraordinary impact for clients, employees, partners and the communities we serve through our culture and technology excellence.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

-1.8%Operating margin4
-6.1%Net margin4
-13.1%Revenue growth, 20234
-8.9%Return on equity4
0.37×Debt to equity4
$40.1MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue67¢$772.8M
  • Selling, general and admin29¢$331.8M
  • Interest2¢$26.2M
  • Income tax2¢$25.5M

Out of $1.1B in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2023

  • Capital spending18¢$9.0M
  • Kept or used elsewhere82¢$40.1M

Out of $49.1M of cash from operations.4

Financial statements

Revenue564$1.1B in 2023+46% since 2019
0$500.0M$1.0B$1.5B2019: $772.2M$772.2M20192020: $803.4M$803.4M2020+4%2021: $1.1B$1.1B2021+33%2022: $1.3B$1.3B2022+21%2023: $1.1B$1.1B2023−13%
Operating income564-$20.3M in 2023
-$50.0M0$50.0M$100.0M$150.0M2019: $75.9M$75.9M20192020: $120.5M$120.5M2020+59%2021: $48.8M$48.8M2021−60%2022: -$47.3M-$47.3M20222023: -$20.3M-$20.3M2023−57%
Net income564-$68.7M in 2023
-$150.0M-$100.0M-$50.0M0$50.0M$100.0M2019: $28.4M$28.4M20192020: $79.0M$79.0M2020+178%2021: -$575.0K-$575.0K20212022: -$105.4M-$105.4M2022+18229%2023: -$68.7M-$68.7M2023−35%
Fiscal year201820192020202120222023
Revenue$772.2M5$803.4M6$1.1B4$1.3B4$1.1B4
Cost of revenue$476.6M5$475.6M6$669.7M4$950.3M4$772.8M4
Selling, general and admin$203.9M5$189.8M6$333.9M4$372.8M4$331.8M4
Operating expenses$1.0B4$1.3B4$1.1B4
Operating income$75.9M5$120.5M6$48.8M4-$47.3M4-$20.3M4
Interest$26.4M5$25.8M6$25.5M4$22.5M4$26.2M4
Income before tax$16.2M4-$74.6M4-$43.1M4
Income tax$19.4M5$23.1M6$16.7M4$30.8M4$25.5M4
Net income$28.4M5$79.0M6-$575.0K4-$105.4M4-$68.7M4
Earnings per share$0.105$0.266-$0.244-$0.344-$0.224
Earnings per share (diluted)$0.105$0.266-$0.244-$0.344-$0.224
Shares (weighted, basic)254.3M shares4310.9M shares4317.7M shares4
Shares (weighted, diluted)254.3M shares4310.9M shares4317.7M shares4

Compare Thoughtworks Holding, Inc. with another company

Leadership

Who has led Thoughtworks Holding, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Guo Xiao2021–2024
  2. Christopher Gerard Murphy2021–2022
  3. Michael Sutcliff2024

Chief financial officer

  1. Erin Cummins2021–2024
2025
Board members and other officers (19)

Former names

  • Turing Holding Corp.Jun 14, 2021 to Sep 16, 20212

Timeline

  1. Jun 18, 2024New chief executive Michael Sutcliff becomes CEO9
  2. Nov 22, 2021New chief executive Christopher Gerard Murphy becomes CEO11
  3. Sep 14, 2021New chief executive Guo Xiao becomes CEO10

Filings

189 filings to the SEC since October 2021: 3 annual reports, 12 quarterly reports, 23 major events, 113 insider forms, 11 large holders, 27 other. The latest 20:

  1. Nov 25, 202415-12G EDGAR
  2. Nov 15, 20244 EDGAR
  3. Nov 15, 20244 EDGAR
  4. Nov 15, 20244 EDGAR
  5. Nov 15, 20244 EDGAR
  6. Nov 15, 20244 EDGAR
  7. Nov 15, 20244 EDGAR
  8. Nov 15, 20244 EDGAR
  9. Nov 15, 20244 EDGAR
  10. Nov 15, 20244 EDGAR
  11. Nov 15, 20244 EDGAR
  12. Nov 15, 20244 EDGAR
  13. Nov 15, 20244 EDGAR
  14. Nov 15, 20244 EDGAR
  15. Nov 15, 2024SC 13D/A AMENDMENT NO. 2 TO SCHEDULE 13D EDGAR
  16. Nov 15, 2024SC 13D/A EDGAR
  17. Nov 15, 20244 EDGAR
  18. Nov 14, 2024SCHEDULE 13G EDGAR
  19. Nov 13, 2024SC 13E3/A AMENDMENT NO. 5 TO SCHEDULE 13E-3 EDGAR
  20. Nov 13, 2024S-8 POS REGISTRATION STATEMENT EDGAR

The 189 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

15 open-market trades by officers, directors and large owners since October 2021: 3 buys and 12 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 27, 2023Parke JoannaSee RemarksSale16,005$5.00$80.0KForm 4
Mar 7, 2023Cummins ErinChief Financial OfficerBuy14,500$7.63$110.6KForm 4
Mar 2, 2023Xiao GuoChief Executive OfficerBuy35,000$7.64$267.4KForm 4
Nov 23, 2022Davis IanDirectorBuy25,000$8.00$200.0KForm 4
Nov 22, 2022Murphy Christopher GerardChief Revenue & Client OfficerSale4,124$8.00$33.0KForm 4
Nov 22, 2022Mandapaty Sai KrishnaChief Commercial OfficerSale5,139$8.02$41.2KForm 4
Nov 22, 2022Woods-Moss JulieChief Marketing OfficerSale5,000$7.96$39.8KForm 4
Oct 31, 2022Ferguson AngelaChief Transformation OfficerSale10,000$9.63$96.3KForm 4
Sep 30, 2022Ferguson AngelaChief Transformation OfficerSale20,000$10.84$216.8KForm 4
Sep 20, 2022Mandapaty Sai KrishnaChief Commercial OfficerSale16,118$11.82$190.4KForm 4
Sep 20, 2022Murphy Christopher GerardChief Revenue & Client OfficerSale14,479$11.82$171.1KForm 4
Sep 20, 2022Ferguson AngelaChief Transformation OfficerSale2,138$11.81$25.3KForm 4
Aug 18, 2022Ferguson AngelaChief Transformation OfficerSale2,000$13.94$27.9KForm 4
Jul 14, 2022Ferguson AngelaChief Transformation OfficerSale2,000$14.59$29.2KForm 4
Jul 5, 2022Ferguson AngelaChief Transformation OfficerSale4,000$14.36$57.4KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34