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Wrkr Ltd (AU:WRK)
ASX:WRK
Australian Market

Wrkr Ltd (WRK) AI Stock Analysis

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AU:WRK

Wrkr Ltd

(Sydney:WRK)

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Neutral 53 (OpenAI - 5.2)
Rating:53Neutral
Price Target:
AU$0.13
▲(5.83% Upside)
Action:ReiteratedDate:01/09/26
The score is held back primarily by weak financial performance (declining revenue and continued losses) and an unfavorable valuation signal from a negative P/E. Technicals provide partial support due to a clear uptrend and positive MACD, but overbought indicators limit the upside.
Positive Factors
Conservative leverage and strong equity position
A low debt-to-equity ratio and strong equity ratio give durable financial flexibility: less refinancing risk, capacity to fund product development or absorb shocks, and optionality for strategic investments or M&A while profitability is improved.
Improving cash conversion (still negative FCF)
Material improvement in free cash flow growth and a positive operating cash flow to net income ratio indicate progress toward cash-generative operations. Sustained improvement would reduce reliance on external financing and support reinvestment in sales and product development.
Cloud-based workforce SaaS exposure
Focus on cloud HR and payroll aligns with structural digitization and recurring SaaS economics. Recurring revenue and integrations can increase customer stickiness and scale, supporting margin expansion and network effects if growth stabilizes.
Negative Factors
Declining revenue growth
A recent -14.45% revenue decline signals weakening product-market fit or customer churn. Persistent top-line contraction erodes operating leverage, reduces ability to fund fixed costs, and makes achieving profitable scale materially harder without strategic changes or capital.
Persistent unprofitability
Consistent negative net income and negative net profit margins show the business is not yet generating operational profits. Long-term unprofitability limits reinvestment capacity, pressures equity returns, and raises the probability of future capital raises that could dilute stakeholders.
Negative free cash flow
Despite improvement, continuing negative free cash flow means the company must rely on external funding to sustain operations and growth. This constrains strategic flexibility, increases financing risk, and elevates execution risk if capital markets tighten.

Wrkr Ltd (WRK) vs. iShares MSCI Australia ETF (EWA)

Wrkr Ltd Business Overview & Revenue Model

Company Descriptionwrkr Ltd provides integrated electronic payment remittance solutions in Australia. The company offers wrkr platform, a cloud-based compliance platform for handling messaging; Wrkr PAY, a superannuation gateway and clearing house, and payment handling solution for secure processing of employee pay and super contributions for payrolls and superfunds; Wrkr SMSF Hub, which provides ATO messaging and contributions compliance for self managed super funds; Wrkr READY, a white label employee onboarding solution to manage the compliant onboarding of full-time and casual workers; and Wrkr BENEFITS, which focuses on the secure connection of workers to employer and external benefit providers. The company was formerly known as Integrated Payment Technologies Limited and changed its name to wrkr Ltd in November 2021. wrkr Ltd was founded in 2007 and is based in Sydney, Australia.
How the Company Makes MoneyWrkr Ltd generates revenue through a multi-faceted business model primarily centered around subscription-based services. The company offers tiered subscription plans for its software platforms, allowing businesses to access various features based on their needs, which provides a steady stream of recurring revenue. Additionally, Wrkr Ltd may derive income from professional services, such as implementation consulting, training, and ongoing support for its clients. The company also explores strategic partnerships with other tech firms and organizations to expand its market reach and enhance product offerings, creating further avenues for revenue generation. Overall, the combination of subscription fees, service contracts, and collaborative ventures forms the backbone of Wrkr Ltd's financial growth.

Wrkr Ltd Financial Statement Overview

Summary
Income statement weakness (declining revenue growth and persistent losses) weighs heavily despite a stable balance sheet with low leverage. Cash flow shows improvement but remains negative on free cash flow, keeping overall fundamentals below average.
Income Statement
45
Neutral
Wrkr Ltd has faced declining revenue growth, with a negative growth rate of -14.45% in the latest period. The company has consistently reported negative net income, resulting in negative net profit margins. Despite a positive EBITDA margin in the latest period, the EBIT margin remains negative, indicating ongoing operational challenges. Overall, the income statement reflects a struggling financial performance with limited profitability.
Balance Sheet
55
Neutral
The balance sheet shows a relatively low debt-to-equity ratio, suggesting conservative leverage. However, the return on equity is negative, indicating that the company is not generating profits from its equity base. The equity ratio is strong, reflecting a solid equity position relative to total assets. While the company maintains a stable capital structure, profitability remains a concern.
Cash Flow
50
Neutral
Wrkr Ltd has shown significant improvement in free cash flow growth, but free cash flow remains negative. The operating cash flow to net income ratio is positive, suggesting some ability to convert income into cash. However, the free cash flow to net income ratio is negative, indicating challenges in generating free cash flow from operations. Cash flow management shows improvement but still faces hurdles.
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue11.36M7.98M7.47M6.58M4.60M2.03M
Gross Profit-798.87K7.98M-2.55M-2.54M-3.11M-2.55M
EBITDA659.14K72.37K-971.45K-1.30M-1.43M-1.93M
Net Income-3.77M-2.62M-3.82M-4.17M-4.35M-3.96M
Balance Sheet
Total Assets102.90M70.92M55.15M18.26M18.41M20.89M
Cash, Cash Equivalents and Short-Term Investments84.05M5.73M1.94M4.11M1.28M2.73M
Total Debt962.36K179.47K405.26K1.22M557.12K0.00
Total Liabilities73.64M53.25M46.34M5.80M2.75M920.91K
Stockholders Equity29.26M17.66M8.81M12.45M15.67M19.96M
Cash Flow
Free Cash Flow437.43K-3.21M-2.09M-872.00K-1.99M-2.58M
Operating Cash Flow912.70K374.60K339.55K-375.61K-1.60M-2.05M
Investing Cash Flow-5.89M-3.59M-2.43M-496.39K-390.18K-363.59K
Financing Cash Flow13.94M7.01M-82.75K3.70M559.62K4.15M

Wrkr Ltd Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.12
Price Trends
50DMA
0.14
Negative
100DMA
0.13
Negative
200DMA
0.11
Positive
Market Momentum
MACD
>-0.01
Positive
RSI
39.73
Neutral
STOCH
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WRK, the sentiment is Negative. The current price of 0.12 is below the 20-day moving average (MA) of 0.14, below the 50-day MA of 0.14, and above the 200-day MA of 0.11, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.73 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WRK.

Wrkr Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
AU$419.51M7.438.20%1.06%-30.96%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
59
Neutral
AU$74.70M7.1819.30%13.74%70.80%
53
Neutral
AU$259.39M-22.61-19.83%10.79%46.67%
42
Neutral
AU$52.68M-2.54-74.16%21.65%-463300.00%
40
Underperform
AU$87.89M-11.79-485.99%88.69%46.39%
37
Underperform
AU$13.55M-0.48-97.38%106.21%-60.61%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:WRK
Wrkr Ltd
0.13
0.08
160.00%
AU:AV1
Adveritas Limited
0.09
<0.01
3.33%
AU:FND
Findi
0.82
-4.12
-83.47%
AU:B4P
Beforepay Group Limited
1.43
0.11
8.78%
AU:SPX
Spenda Limited
AU:TYR
Tyro Payments Ltd.
0.79
-0.02
-1.86%

Wrkr Ltd Corporate Events

Wrkr updates investors on PaidRight acquisition and Q2 FY26 cash position
Feb 9, 2026

Wrkr Ltd has released a presentation covering its acquisition of PaidRight and its quarterly cash report for the second quarter of fiscal 2026. The document outlines summary information on the company’s operations, financial data and reporting basis, but is framed primarily as an investor information update rather than a detailed operational announcement.

The company reiterates that the material is general in nature, does not constitute an offer of securities and should not be treated as investment advice. It also highlights that some metrics such as EBITDA and EBIT are non‑IFRS measures, cautioning investors about their limitations and comparability while underscoring their perceived usefulness in assessing Wrkr’s financial performance.

The most recent analyst rating on (AU:WRK) stock is a Buy with a A$0.18 price target. To see the full list of analyst forecasts on Wrkr Ltd stock, see the AU:WRK Stock Forecast page.

Wrkr Director Boosts Indirect Stake as PaidRight Acquisition Completes
Feb 6, 2026

Wrkr Ltd has increased director Trent Lund’s indirect shareholding following the completion of its acquisition of PaidRight Holdings Pty Ltd, executed via a Share Purchase Deed dated 5 February 2026. Through his associated entities Unlocked Investments Pty Ltd, Digital Niche Investments Pty Limited and holdings via a custodian structure, Lund’s indirect interest rose by 14,776,140 ordinary shares, taking their combined holdings to more than 275 million Wrkr shares. These new shares were issued as scrip consideration for approximately 18.2% of PaidRight that his associated entities previously owned, and are subject to a 12‑month escrow period until 5 February 2027, underscoring both the alignment of Lund’s interests with Wrkr’s post‑acquisition strategy and the company’s use of equity to fund strategic growth.

The most recent analyst rating on (AU:WRK) stock is a Buy with a A$0.18 price target. To see the full list of analyst forecasts on Wrkr Ltd stock, see the AU:WRK Stock Forecast page.

Wrkr Ltd Issues 14.8 Million New Restricted Unquoted Shares
Feb 5, 2026

Wrkr Ltd has notified the market that it has issued 14,776,140 new restricted ordinary shares as unquoted securities, which will not be listed for trading on the ASX. The issuance, recorded under an Appendix 3G filing dated 5 February 2026, arises from previously announced transactions and represents a further expansion of the company’s unquoted equity base, with implications for overall capital structure and potential dilution for existing shareholders while remaining off-market.

The most recent analyst rating on (AU:WRK) stock is a Buy with a A$0.18 price target. To see the full list of analyst forecasts on Wrkr Ltd stock, see the AU:WRK Stock Forecast page.

Wrkr Seeks ASX Quotation for 76 Million New Shares
Feb 5, 2026

Wrkr Ltd has applied to the ASX for quotation of 76,132,951 new fully paid ordinary shares under code WRK, effective 5 February 2026. The sizeable issuance, tied to a previously announced transaction, expands the company’s listed capital base and could have implications for existing shareholders in terms of dilution while potentially providing additional funding or facilitating strategic initiatives flagged in earlier disclosures.

The most recent analyst rating on (AU:WRK) stock is a Buy with a A$0.18 price target. To see the full list of analyst forecasts on Wrkr Ltd stock, see the AU:WRK Stock Forecast page.

Wrkr Issues 90.9 Million Shares to Sellers of PaidRight
Feb 5, 2026

Wrkr Ltd has issued 90,909,091 new ordinary shares to the sellers of PaidRight Holdings Pty Ltd, doing so without a prospectus or disclosure document under provisions that allow placements to sophisticated and professional investors. The company confirmed it is up to date with its financial reporting and continuous disclosure obligations under the Corporations Act and stated that there is no excluded information that must be disclosed, signalling that the share issue to fund the PaidRight transaction has been structured within standard regulatory frameworks and should not be based on undisclosed price-sensitive information for existing shareholders.

The most recent analyst rating on (AU:WRK) stock is a Buy with a A$0.18 price target. To see the full list of analyst forecasts on Wrkr Ltd stock, see the AU:WRK Stock Forecast page.

Wrkr Completes PaidRight Acquisition to Accelerate Payroll Compliance Expansion
Feb 5, 2026

Wrkr Ltd has completed the acquisition of 100% of PaidRight Holdings Pty Ltd, issuing 90,909,091 new fully paid ordinary shares as consideration, including a tranche to entities associated with CEO Trent Lund that is subject to a 12‑month escrow. PaidRight’s real-time pay compliance engine will be integrated into Wrkr’s existing compliance platform, enabling direct employer monetisation via payroll compliance checks and tools, and marking a key step in Wrkr’s Phase 2 growth strategy as it expands beyond superannuation into a second core compliance segment focused on pay.

The most recent analyst rating on (AU:WRK) stock is a Buy with a A$0.18 price target. To see the full list of analyst forecasts on Wrkr Ltd stock, see the AU:WRK Stock Forecast page.

Wrkr Seeks ASX Quotation for 4.3 Million New Ordinary Shares
Feb 2, 2026

Wrkr Ltd has applied to the ASX for quotation of 4,304,384 new ordinary fully paid shares under the code WRK. The new securities, issued on 2 February 2026 following the exercise or conversion of existing options or other convertible securities, will expand the company’s quoted share capital, potentially enhancing liquidity for shareholders and supporting future corporate or capital management activities.

The most recent analyst rating on (AU:WRK) stock is a Buy with a A$0.18 price target. To see the full list of analyst forecasts on Wrkr Ltd stock, see the AU:WRK Stock Forecast page.

Wrkr Accelerates Platform Deployment and Investment Ahead of Payday Super Reforms
Jan 29, 2026

Wrkr Ltd reported a pivotal Q2 FY26, shifting from development to active deployment as it brought its Rest Pay platform live and commenced early production testing for AustralianSuper, its two largest branded implementations, in preparation for large-scale employer onboarding ahead of Payday Super legislation in July 2026. Quarterly cash receipts fell to $3.2 million due to timing of customer payments, while operating expenses rose to $3.8 million as the company increased investment in the PaidRight acquisition, delivery resources, and marketing for its new direct-to-market digital onboarding and clearinghouse service, alongside $1.8 million of additional platform, data migration, and API development spend to enhance scalability and position Wrkr for growth with large funds, small businesses, and digital service providers.

The most recent analyst rating on (AU:WRK) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Wrkr Ltd stock, see the AU:WRK Stock Forecast page.

Wrkr Secures Shareholder Approval for Proposed Securities Issue
Jan 29, 2026

Wrkr Ltd has confirmed that shareholders have now approved a proposed issue of securities, satisfying a key condition precedent for the planned capital raising or placement. With this approval in place, the company can proceed with the securities issuance as previously outlined, removing a major procedural hurdle and potentially strengthening its capital position once the placement or other issue is completed.

The most recent analyst rating on (AU:WRK) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Wrkr Ltd stock, see the AU:WRK Stock Forecast page.

Wrkr Shareholders Back Acquisition and Share Issuance Resolutions
Jan 29, 2026

Wrkr Ltd has confirmed that shareholders approved all resolutions put to its general meeting held on 29 January 2026, with each motion carried by a substantial majority via poll. The approvals include the acquisition of sale shares from Lund Entities and the issuance of consideration shares both to Lund Entities and to unrelated sellers, clearing the way for Wrkr to complete these transactions and potentially reshape its capital structure and ownership base, with implications for future growth and strategic direction.

The most recent analyst rating on (AU:WRK) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Wrkr Ltd stock, see the AU:WRK Stock Forecast page.

Wrkr Investors Back PaidRight Deal as Company Plans Post-Completion Webcast Update
Jan 28, 2026

Wrkr Ltd has announced that its CEO and CFO will host a quarterly investor webcast update following completion of the PaidRight acquisition, signalling that the company intends to brief the market on integration progress and strategic implications once the deal closes. Ahead of a general meeting, proxy votes indicate strong shareholder support for the key resolutions relating to the acquisition of sale shares from entities associated with CEO Trent Lund and the issuance of consideration shares to both related and unrelated sellers, underscoring broad investor backing for Wrkr’s expansion strategy and capital structure changes associated with the transaction.

The most recent analyst rating on (AU:WRK) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Wrkr Ltd stock, see the AU:WRK Stock Forecast page.

Wrkr Calls January 2026 General Meeting, Releases Notice and Proxy Details
Dec 28, 2025

Wrkr Ltd, an ASX-listed company (ASX: WRK), has scheduled a general meeting of shareholders to be held in person at its Surry Hills, Sydney offices on 29 January 2026 at 11.00am. The company has released the formal Notice of General Meeting, access notice and proxy form via its Investor Hub and ASX announcements platform, outlining how shareholders can participate, the business to be considered, and alternative arrangements should circumstances require changes to the meeting’s conduct; shareholders unable to attend are urged to lodge proxies by 27 January 2026 or seek assistance from the company’s share registry.

The most recent analyst rating on (AU:WRK) stock is a Buy with a A$0.16 price target. To see the full list of analyst forecasts on Wrkr Ltd stock, see the AU:WRK Stock Forecast page.

Wrkr Director’s Indirect Interests Unchanged as PaidRight Acquisition Proceeds
Dec 22, 2025

Wrkr Ltd has disclosed that director Trent Lund’s relevant interest in the company’s securities remains unchanged, with his indirect holdings continuing to be held through several associated entities, including Unlocked Investments Pty Ltd, Digital Niche Investments Pty Limited, and Bond Street Custodians Limited as custodian for Digital Niche Holdings Pty Ltd. The filing also notes that Lund’s associated entities collectively hold about 18.2% of shares in PaidRight Holdings Pty Ltd and are entitled to receive new Wrkr shares as consideration under a Share Purchase Deed for Wrkr’s acquisition of PaidRight, underscoring Lund’s alignment with the transaction and highlighting the director’s indirect economic exposure to the integration of PaidRight into Wrkr’s operations.

The most recent analyst rating on (AU:WRK) stock is a Buy with a A$0.16 price target. To see the full list of analyst forecasts on Wrkr Ltd stock, see the AU:WRK Stock Forecast page.

Wrkr Plans Major Share Placement of Over 90 Million Shares
Dec 21, 2025

Wrkr Ltd has notified the ASX of a proposed placement of up to 90,909,091 new fully paid ordinary shares, with the issue targeted for 5 February 2026. The capital raising, disclosed through an Appendix 3B filing, signals an intention to expand the company’s equity base, which may dilute existing shareholders but provides additional funding capacity for future corporate or operational initiatives once completed and quoted on the exchange.

The most recent analyst rating on (AU:WRK) stock is a Buy with a A$0.16 price target. To see the full list of analyst forecasts on Wrkr Ltd stock, see the AU:WRK Stock Forecast page.

Wrkr Moves Beyond Superannuation With Acquisition of Payroll Regtech PaidRight
Dec 21, 2025

Wrkr has signed a binding agreement to acquire 100% of PaidRight Holdings, a leading Australian payroll compliance platform and service provider, in an all-scrip deal valuing PaidRight at about A$11.4 million and representing roughly 4.8% of Wrkr’s current issued capital, subject to shareholder approval in early 2026. The combination will add PaidRight’s real-time wage compliance engine and award-interpretation technology—already used by some of Australia’s largest employers and covering more than 500,000 workers—to Wrkr’s existing compliance platform, accelerating its Phase 2 growth strategy beyond superannuation into payroll compliance and positioning the group to offer integrated, proactive and defensible pay-accuracy solutions across the entire pay cycle, with PaidRight initially operating as a standalone entity ahead of a planned integrated product launch targeted for the third quarter of calendar 2026.

The most recent analyst rating on (AU:WRK) stock is a Buy with a A$0.16 price target. To see the full list of analyst forecasts on Wrkr Ltd stock, see the AU:WRK Stock Forecast page.

Wrkr Ltd Enhances Employee Incentives with New Performance Rights Grant
Dec 10, 2025

Wrkr Ltd has announced the grant of 38,000,000 Class E Performance Rights to its employees as part of its Employee Securities Incentive Plan. This initiative aims to reward, retain, and motivate eligible participants by aligning their interests with those of the shareholders, thereby enhancing shareholder value. The plan is administered by the board, which has the discretion to invite eligible participants to apply for securities, including shares, options, and performance rights. This move is expected to strengthen employee engagement and contribute to the company’s long-term growth.

The most recent analyst rating on (AU:WRK) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Wrkr Ltd stock, see the AU:WRK Stock Forecast page.

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.Date of analysis: Jan 09, 2026