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Airtasker Ltd
(Sydney:ART)
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Rating:54Neutral
Price Target:
AU$0.23
▲(4.55% Upside)
Action:Reiterated
Date:08/27/26
The score is primarily held back by weak core profitability (widening operating losses) and volatile cash generation that turned negative in 2026, despite a low-leverage balance sheet. Technical indicators are mostly neutral with limited momentum and price still below the 200-day average. Valuation is difficult to support on earnings due to the negative P/E and lack of dividend yield data.
Positive Factors
Two-Sided Marketplace Model
The two-sided marketplace can support repeat usage, efficient matching and transaction-based revenue. Payments, ratings and task history are embedded in the platform, creating operating infrastructure that can remain valuable as marketplace activity expands.
Negative Factors
Widening Operating Losses
Core operations remain substantially loss-making and deteriorated year over year. The small 2026 net profit is not supported by operating earnings, indicating that sustainable profitability and cost absorption remain unresolved medium-term risks.
Read all positive and negative factors
Positive Factors
Negative Factors
Two-Sided Marketplace Model
The two-sided marketplace can support repeat usage, efficient matching and transaction-based revenue. Payments, ratings and task history are embedded in the platform, creating operating infrastructure that can remain valuable as marketplace activity expands.
Read all positive factors
Airtasker Ltd (ART) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$100.35M
Dividend YieldN/A
Average Volume (3M)393.52K
Price to Earnings (P/E)420.0
Beta (1Y)1.15
Revenue Growth9.89%
EPS GrowthN/A
CountryAU
Employees348
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)<0.01
Shares Outstanding489,492,500
10 Day Avg. Volume507,783
30 Day Avg. Volume393,519
Financial Highlights & Ratios
PEG Ratio-0.82
Price to Book (P/B)7.03
Price to Sales (P/S)1.80
P/FCF Ratio-42.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.47Price Target Upside113.64% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.02
Revenue Forecast (FY)AU$64.25M
Airtasker Ltd Business Overview & Revenue Model
Company Description
Airtasker Limited provides digital marketplaces that connect individuals with local service providers across Australia. Its platform offers a broad spectrum of services, including general handyman tasks like home maintenance, installations, assemb...
How the Company Makes Money
Airtasker primarily makes money by taking platform fees tied to transactions facilitated through its marketplace. When a customer posts a task and a Tasker completes it through the platform, Airtasker charges a service fee (i.e., a take rate) on t...
Airtasker Ltd Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
78
Positive
Cash Flow
52
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 57.83M | 52.68M | 46.64M | 44.17M | 31.47M |
| Gross Profit | 26.57M | 30.10M | 41.93M | 39.34M | 27.94M |
| EBITDA | -38.83M | -32.92M | 451.00K | -7.83M | -17.66M |
| Net Income | 1.22M | -31.57M | -2.89M | -12.90M | -20.39M |
Balance Sheet | |||||
| Total Assets | 63.83M | 70.41M | 50.53M | 50.97M | 54.84M |
| Cash, Cash Equivalents and Short-Term Investments | 12.36M | 19.06M | 17.77M | 17.09M | 28.23M |
| Total Debt | 1.06M | 1.63M | 2.66M | 3.65M | 1.60M |
| Total Liabilities | 64.66M | 68.33M | 17.89M | 21.86M | 17.87M |
| Stockholders Equity | 14.85M | 9.57M | 33.97M | 28.90M | 36.97M |
Cash Flow | |||||
| Free Cash Flow | -2.46M | 4.27M | 1.08M | -14.30M | -18.39M |
| Operating Cash Flow | -2.33M | 4.36M | 3.03M | -10.84M | -13.28M |
| Investing Cash Flow | -2.01M | -2.15M | -863.00K | 327.00K | 11.00K |
| Financing Cash Flow | -1.90M | -1.03M | -987.00K | 2.81M | 3.14M |
Airtasker Ltd Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | AU$21.83B | 39.72 | 27.90% | 1.71% | 4.24% | -18.52% | |
74 Outperform | AU$9.75B | 31.29 | 11.28% | 3.45% | 5.88% | 13.64% | |
61 Neutral | AU$63.13M | -33.72 | -8.93% | ― | -6.17% | -191.49% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
56 Neutral | AU$27.55M | -34.85 | -2.00% | ― | -6.77% | 95.53% | |
54 Neutral | AU$100.35M | 420.00 | 14.39% | ― | 9.89% | ― | |
46 Neutral | AU$77.00M | -10.98 | -79.90% | ― | 7.17% | -27.08% |
* Communication Services Sector Average
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Airtasker Ltd
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Airtasker Ltd Corporate Events
Airtasker to Unveil FY26 Results in Investor Webinar
Aug 26, 2026
Airtasker Limited has scheduled an investor briefing to present its FY26 financial results, led by Chief Executive Officer Tim Fung and incoming Chief Financial Officer Reena Minhas via a live webinar on 26 August 2026. The session will include a ...
Airtasker Returns to Profit as Revenue Rises but Balance Sheet Stays Stretched
Aug 26, 2026
Airtasker Limited reported a 9.9% increase in revenues from ordinary activities to $57.8 million for the year ended 30 June 2026, reflecting continued growth in its task-based services marketplace. The group swung from a loss of $31.6 million in t...
Airtasker Strikes $11m Media Partnerships to Turbocharge Brand Growth
Aug 25, 2026
Airtasker has secured new three-year strategic media partnerships with outdoor advertising group oOh!media and audio broadcaster NOVA, each providing $5.5 million in media capital to boost brand awareness across Australia. The deals extend Airtask...
Airtasker sets date for FY26 results and investor webinar
Aug 20, 2026
Airtasker Limited, the ASX-listed operator of Australia’s leading online marketplace for local services, connects people and businesses needing work with flexible workers across a wide range of tasks. Since its 2012 launch, the platform has ...
Airtasker Seeks ASX Quotation for New Employee Incentive Shares
Aug 17, 2026
Airtasker Ltd has applied to the ASX for quotation of additional ordinary fully paid shares issued under its employee incentive scheme, with a total of 68,078 new ART securities to be quoted from July 2026 allotment dates. The move modestly increa...
Airtasker appoints new CFO and company secretary in planned leadership transition
Jul 28, 2026
Airtasker Limited has announced a planned transition in its finance leadership, with Chief Financial Officer and Company Secretary Mahendra Tharmarajah resigning effective 30 September 2026 and experienced ASX executive Reena Minhas joining on 3 A...
Airtasker Reports Lapse of 30,544 Equity Rights in Capital Update
Jul 6, 2026
Airtasker Ltd has notified the market that 30,544 options and rights, classified under ASX security code ARTAA, have ceased effective 30 June 2026 after the conditional rights lapsed because their conditions were not met or became incapable of bei...
Airtasker Expands Employee Equity Incentive Pool
Jul 6, 2026
Airtasker Ltd has notified the market of new unquoted equity securities issued under its employee incentive scheme. The company is issuing a total of 2,972,090 options and rights, split across two tranches, which will be subject to transfer restri...
Airtasker CEO Tim Fung Resets Mix of Performance Rights and Options
Jul 6, 2026
Airtasker has disclosed changes in the interests of its co-founder and chief executive, Timothy Fung, in accordance with ASX listing rules, outlining adjustments to his mix of ordinary shares, options, performance rights and service rights in the ...
Airtasker boosts director equity holdings through fee-for-rights issue
Jul 6, 2026
Airtasker Limited has disclosed a change in the indirect security holdings of non-executive director Ellen Frances Comerford, reflecting the company’s ongoing use of equity-based remuneration to align board incentives with shareholder intere...
Airtasker Updates Director Catherine O’Connor’s Equity Holdings
Jul 6, 2026
Airtasker Limited has reported a change in the securities interests of non-executive director Catherine Ann O’Connor, reflecting an adjustment in her indirect holdings tied to company-related trusts. The disclosure, made under ASX listing ru...
Airtasker Retires Small Tranche of Convertible Securities, Streamlining Capital Structure
Jun 29, 2026
Airtasker Ltd has notified the market that a small number of its ARTAC convertible securities have ceased following the repayment or redemption of these convertible debt instruments without conversion into equity. The cessation, effective June 25,...
Airtasker Cuts Interest Costs With Early Settlement of Media Partnership Notes
Jun 29, 2026
Airtasker Limited has moved to early cash settlement of two $5 million media partnership notes issued to oOh!media and ARN Media in 2024, choosing to repay principal and accrued interest now rather than convert the instruments into equity. The pay...
Airtasker Director Peter Hammond Increases Stake via Institutional Placement
Jun 16, 2026
Airtasker Limited has reported a change in director Peter John Hammond’s indirect interests in the company’s securities, reflecting his holdings through Exto Partners Australia Pty Ltd ATF Exto Unit Trust and Exto Active Pty Ltd ATF Ex...
Airtasker Issues New Shares to Institutional Investor Under Placement
Jun 16, 2026
Airtasker has issued 1,666,666 new fully paid ordinary shares at $0.30 each to existing institutional investor Exto Active Pty Ltd ATF Exto Active Unit Trust under a previously announced placement. The company confirmed the shares were issued with...
Airtasker Seeks ASX Quotation for 1.67 Million New Shares
Jun 16, 2026
Airtasker Ltd has applied for quotation on the ASX of 1,666,666 new fully paid ordinary shares, with an issue date of 16 June 2026. The securities are being quoted under the company’s existing ART ticker and arise from transactions previousl...
Airtasker investors back capital raising and CEO incentives at 2026 EGM
Jun 10, 2026
Airtasker shareholders have backed all resolutions at the company’s 2026 extraordinary general meeting, endorsing a two-tranche capital raising and new long-term incentive grants for its chief executive. Investors approved the ratification o...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.