Shares of Airtasker Ltd. rose 18.18% to AUD 0.26 after the company reported record gross merchandise value (GMV) and outlined progress toward positive free cash flow in FY2027.
The online task marketplace recorded AUD 240 million in group GMV for FY2026, a 14.9% increase from the prior year and outpacing FY2025’s 9% growth. Marketplace revenue climbed 15.5% to AUD 57.8 million, with Airtasker’s core marketplaces contributing AUD 52 million. Statutory group revenue rose 9.9%, excluding the planned wind-down of Oneflare.
Domestic performance in Australia showed steady growth, with revenue up 11.3% to AUD 46.3 million and GMV reaching AUD 211.6 million, a 10.9% increase. Free cash flow in Australia totaled AUD 16.5 million, up 8.6% from the prior year, while direct operating costs generated AUD 37 million of cash flow from AUD 52 million in revenue.
International expansion accelerated, with the U.K. market delivering a 55% revenue increase to AUD 4.4 million and GMV growing 47% to AUD 21.6 million. The combined U.K. and U.S. annualized GMV run rate exceeded AUD 40 million, with the U.K. reaching a run rate of AUD 29.3 million—surpassing its AUD 25 million target at 33 months. In the U.S., revenue rose 150% to AUD 1.3 million, while GMV grew 141% to AUD 6.3 million, with the run rate hitting AUD 10.9 million at 22 months.
Cash flow remained within guidance, with net operating cash flow recording an outflow of AUD 2.3 million and underlying group cash outflow of AUD 5.2 million, inside the AUD 5 million to AUD 6 million range. Year-end cash and term deposits stood at AUD 12.54 million. The company settled partnership notes with oOh!media and ARN Media in June for AUD 10.8 million, with an early settlement reduction of AUD 300,000.
Management highlighted the launch of a paid membership program, which reached 10,000 subscribers by June 30 and is targeting 50,000 subscribers. The gross profit margin over the last twelve months was 56.73%, with a current ratio of 3.3. No near-term capital raise is planned, and annual media investment is expected to remain around AUD 5 million over the next three years.
Reena Minhas, CFO, noted that all five FY2026 guidance commitments were met, emphasizing that growth was driven by customer expansion rather than pricing increases. The monetization rate remained steady at 21.9%, and group free cash flow is projected to turn positive in FY2027.
