How Is Airtasker Turning Positive Cash Flow Into Rapid UK-US Growth?
Airtasker Limited has reported its second consecutive year of positive free cash flow alongside robust revenue growth, fueling accelerated expansion in the UK and US marketplaces.
- Second consecutive year of positive free cash flow at $1.2 million
- 29% revenue growth in Australian marketplaces for 4Q25
- Established Marketplaces generated ~$4.8 million cash for international investment
- UK GMV ARR reached $21 million; US GMV ARR hit $7.5 million
- Strong balance sheet with $19.1 million cash and $27.9 million prepaid media
Strong Financial Momentum in FY25
Airtasker Limited has delivered a solid financial performance for the fiscal year 2025, marking its second consecutive year of positive free cash flow at $1.2 million. The company also reported its fourth consecutive quarter of positive free cash flow, with $670,000 generated in 4Q25. This financial discipline underscores Airtasker’s growing maturity as a technology-driven marketplace platform.
The company’s Established Marketplaces segment, which includes Airtasker Australia and Oneflare, showed impressive revenue growth of 29% in the fourth quarter, reaching $11.7 million, and an 18.4% increase for the full year to $45.1 million. This segment not only delivered positive EBITDA of $7 million but also generated approximately $4.8 million in cash after covering global head office expenses, providing a strong war chest to fuel international expansion.
Accelerating International Expansion
Airtasker’s strategic focus on expanding its footprint in the UK and US markets is gaining traction. The UK marketplace achieved a trailing twelve-month gross merchandise volume (GMV) annualised run rate (ARR) of $21 million as of June 2025, with revenue more than doubling year-on-year. Meanwhile, the US marketplace is showing even more rapid momentum, with revenue up over 750% year-on-year in 4Q25 and a GMV ARR of $7.5 million.
The company’s approach to new city-level marketplaces aims for each to reach a GMV ARR of $25 million and become cash positive within three years. This model leverages Airtasker’s scalable software platform and local media partnerships, allowing for flexible growth strategies; whether recycling profits for organic growth, accelerating with additional capital, or optimizing for cash generation and dividends.
Robust Balance Sheet and Strategic Investment
Airtasker’s balance sheet remains strong, with $19.1 million in cash and term deposits as of 30 June 2025, complemented by $27.9 million in prepaid media assets earmarked for marketing investments. This financial strength supports the company’s ongoing investment in software infrastructure and global head office operations, which totaled $18.2 million in FY24, underpinning its marketplace scalability.
Looking ahead, Airtasker’s ability to convert cash flow from its established Australian operations into growth capital for its international ventures will be critical. The company’s disciplined financial management combined with aggressive market expansion positions it well to capitalize on the growing demand for online service marketplaces in key global cities.
Bottom Line?
Airtasker’s disciplined cash flow and accelerating international growth set the stage for a pivotal expansion phase in FY26.
Questions in the middle?
- Can Airtasker sustain its positive cash flow while scaling aggressively in the UK and US?
- How will competition in the UK and US marketplaces impact Airtasker’s growth trajectory?
- What are the risks and capital requirements associated with reaching the $25 million GMV ARR city-level marketplace goal?
