CrowdWorks, Inc. AI Stock Analysis
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CrowdWorks, Inc. (3900) AI Stock Analysis
CrowdWorks, Inc.
(TSE/TYO:3900)
The score is held back primarily by weakened financial quality in 2025 (return to net losses, margin compression, rising leverage, and free cash flow dropping to zero). Offsetting this, technical indicators show a clear positive trend with strong momentum. Valuation is a headwind because the negative P/E reflects current losses and there is no dividend yield data to support the case.
CrowdWorks, Inc. (3900) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 9.43B
- Dividend Yield
- ―
- Average Volume (3M)
- 147.99K
- Price to Earnings (P/E)
- -12.9
- Beta (1Y)
- 0.91
- Revenue Growth
- 1.74%
- EPS Growth
- -199.70%
- Country
- Japan
- Employees
- 760
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Staffing & Employment Services
CrowdWorks, Inc. Business Overview & Revenue Model
Company Description
CrowdWorks Inc., based in Japan, specializes in providing a range of crowdsourcing solutions. The company operates two main platforms: CrowdWorks, an online hub that facilitates project assignments by linking businesses with individual workers via th...
How the Company Makes Money
CrowdWorks primarily makes money by operating its crowdsourcing marketplace and charging fees related to transactions and usage of its platform. The core revenue stream is typically platform/service fees earned when clients and freelancers enter into...
CrowdWorks, Inc. Financial Statement Overview
Summary
Revenue growth has been strong over multiple years and gross margin remains healthy (~42% in 2025), but 2025 profitability deteriorated sharply with net income turning negative and operating margins compressing. Balance sheet is still reasonably capitalized (debt-to-equity ~0.59) but leverage has risen quickly and ROE is negative. Operating cash flow is steady, yet free cash flow fell to zero in 2025, reducing flexibility.
Income Statement
54NeutralBalance Sheet
62PositiveCash Flow
48Neutral| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.06B | 22.66B | 17.11B | 13.21B | 10.57B | 7.77B |
| Gross Profit | 9.17B | 9.57B | 7.85B | 6.03B | 4.77B | 3.45B |
| EBITDA | 1.31B | 2.37B | 1.60B | 1.27B | 975.64M | 608.96M |
| Net Income | -735.93M | -257.07M | 910.76M | 1.10B | 802.87M | 622.42M |
Balance Sheet | ||||||
| Total Assets | 14.45B | 15.69B | 13.54B | 10.02B | 7.66B | 6.20B |
| Cash, Cash Equivalents and Short-Term Investments | 6.90B | 8.09B | 5.96B | 5.77B | 5.15B | 4.25B |
| Total Debt | 3.48B | 3.91B | 2.03B | 696.90M | 123.28M | 100.00M |
| Total Liabilities | 7.62B | 8.94B | 6.23B | 3.99B | 3.00B | 2.41B |
| Stockholders Equity | 6.64B | 6.59B | 7.20B | 6.02B | 4.67B | 3.79B |
Cash Flow | ||||||
| Free Cash Flow | 0 | 0 | 1.68B | 1.35B | 1.15B | 837.60M |
| Operating Cash Flow | 1.74B | 1.74B | 1.68B | 1.35B | 1.15B | 851.87M |
| Investing Cash Flow | -1.06B | -1.06B | -2.44B | -1.17B | -262.36M | -95.37M |
| Financing Cash Flow | 1.49B | 1.49B | 960.63M | 436.34M | 8.34M | 5.09M |
CrowdWorks, Inc. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3900, the sentiment is Negative. The current price of 601.00 is below the 20-day moving average (MA) of 666.25, below the 50-day MA of 672.04, and below the 200-day MA of 663.20, indicating a bearish trend. The MACD of -30.87 indicates Positive momentum. The RSI at 40.32 is Neutral, neither overbought nor oversold. The STOCH value of 32.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3900.
CrowdWorks, Inc. Peers Comparison
Overall Rating
JP:653984Outperform
JP:230177Outperform
JP:437772Outperform
JP:399169Neutral- JP:390059Neutral
JP:247154Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:6539 | 84Outperform | JPY 24.12B | 24.25 | ― | 5.73% | 1.27% | -2.58% |
| JP:2301 | 77Outperform | JPY 22.66B | 11.19 | ― | 4.67% | 7.88% | 5.28% |
| JP:4377 | 72Outperform | JPY 44.60B | 19.45 | ― | 1.06% | 41.09% | 72.01% |
| JP:3991 | 69Neutral | JPY 7.37B | 5.26 | ― | 2.53% | -8.80% | 33.17% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| JP:3900 | 59Neutral | JPY 9.55B | -12.85 | ― | ― | 1.74% | -199.70% |
| JP:2471 | 54Neutral | JPY 18.80B | 14.88 | ― | 4.20% | -0.07% | -30.97% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:3900 | CrowdWorks, Inc. | 601.00 | -274.00 | -31.31% | |
| JP:2301 | GAKUJO Co., Ltd. | 1605.00 | 78.99 | 5.18% | |
| JP:2471 | S-Pool, Inc. | 235.00 | -45.96 | -16.36% | |
| JP:3991 | Wantedly, Inc. | 790.00 | -356.06 | -31.07% | |
| JP:4377 | ONE CAREER Inc. | 2363.00 | -235.99 | -9.08% | |
| JP:6539 | MATCHING SERVICE JAPAN CO.LTD. | 978.00 | 16.71 | 1.74% |
CrowdWorks, Inc. Corporate Events
CrowdWorks to Launch AI CrowdWorks After 10,000 Worker Pre-Registrations
CrowdWorks, Inc. reported its financial results for the third quarter of FY2026 and highlighted continued progress in its AI-focused initiatives. As part of these efforts, the company announced that more than 10,000 workers have already pre-registere...
CrowdWorks Earnings Slump as Platform Operator Restructures and Maintains Zero Dividend
CrowdWorks Inc. operates a Japan-based online crowdsourcing platform that connects companies with freelance workers, providing technology-driven staffing and project-based work solutions. Its primary revenue comes from matching fees and related servi...
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.
Date of analysis: Oct 09, 2026