TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT) Financials

TIXT

FY2024 annual

Revenue $2.7B -1.8% YoY

Net Income -$61.0M -213.0% YoY

Free Cash Flow $445.0M +6.2% YoY

Operating Cash Flow $517.0M +3.8% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2024, ended Dec 31, 2024 Reported Feb 13, 2025 Currency USD FYE December

Newest figures come from the 10-K for FY2024, filed Feb 13, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TIXT SEC filings page.

TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT) reported $2.7B in revenue for fiscal year 2024, down 1.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI TIXT FY2024 2026-09-05

Cash generation is holding up while earnings weaken and the balance sheet carries meaningful leverage.

FY2024 produced a -$61M net loss even as operating cash flow reached $517M, a gap showing accounting charges weighed more heavily on earnings than on cash generation. Depreciation and amortization of $324M, alongside free cash flow of $445M, reinforces that the business remained cash-generative despite the bottom-line loss.

Revenue softened in FY2024 while free-cash-flow margin improved to 16.7% from 15.5% in FY2023; that combination suggests cash efficiency improved without relying on top-line expansion. Capital expenditures fell to $72M from $79M, supporting a lower-capital-intensity explanation for the stronger cash result.

Short-term flexibility narrowed: the current ratio was 0.9x, while debt-to-equity remained 1.3x, leaving a balance sheet that combines a near-term asset mismatch with meaningful leverage. The pattern matters because 2024 cash generation did not translate into stronger accounting returns: ROA was -1.4% and ROE was -3.1%.

Financial Health Signals

Financial Health Score 30/100

Scored against operating companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of TELUS International (Cda) Inc. Subordinate Voting Shares's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Not available for TELUS International (Cda) Inc. Subordinate Voting Shares, and counted as zero in the overall score.

Growth

TELUS International (Cda) Inc. Subordinate Voting Shares's revenue declined 1.8% year-over-year, from $2.7B to $2.7B. This contraction results in a growth score of 44/100.

Leverage

TELUS International (Cda) Inc. Subordinate Voting Shares has a moderate D/E ratio of 1.32. This balance of debt and equity financing earns a leverage score of 41/100.

Liquidity

TELUS International (Cda) Inc. Subordinate Voting Shares's current ratio of 0.95 is below the typical benchmark, resulting in a score of 16/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

TELUS International (Cda) Inc. Subordinate Voting Shares converts 16.7% of revenue into free cash flow ($445.0M). This strong cash generation earns a score of 79/100.

Returns

Not available for TELUS International (Cda) Inc. Subordinate Voting Shares, and counted as zero in the overall score.

Piotroski F-Score Partial

3/7

TELUS International (Cda) Inc. Subordinate Voting Shares passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

N/A

TELUS International (Cda) Inc. Subordinate Voting Shares reported a net loss of $61.0M while generating $517.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2024.

Cash & Balance Sheet

Cash & Debt

$174.0M

YoY+37.0%

QoQ+37.0%

TELUS International (Cda) Inc. Subordinate Voting Shares held $174.0M in cash as of Q4 2024; long-term debt is not reported for that period.

Shares Outstanding

111M

YoY+4.2%

QoQ+4.2%

TELUS International (Cda) Inc. Subordinate Voting Shares had 111M shares outstanding in Q4 2024. This represents an increase of 4.2% from the same quarter a year earlier. Against the prior quarter it is up 4.2%.

Free Cash Flow

Not reported for Q4 2024.

Dividends Per Share

Not reported for Q4 2024.

Margins & Returns

None of these metrics is reported for Q4 2024.

Capital Allocation

None of these metrics is reported for Q4 2024.

TIXT Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TIXT quarterly income statement

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Revenue	$2.7B-1.8%	$2.7B+9.7%	$2.5B+12.5%	$2.2B+38.7%	$1.6B+55.1%	$1.0B+22.2%	$834.6M
Interest Expense	$138.0M-4.2%	$144.0M+251.2%	$41.0M-6.8%	$44.0M-4.3%	$46.0M+27.8%	$36.0M+55.2%	$23.2M
Income Tax	$39.0M+680.0%	$5.0M-92.5%	$67.0M+4.7%	$64.0M+33.3%	$48.0M+84.6%	$26.0M+18.7%	$21.9M
Net Income	-$61.0M-213.0%	$54.0M-70.5%	$183.0M+134.6%	$78.0M-24.3%	$103.0M+49.3%	$69.0M+46.5%	$47.1M
Diluted Shares (Avg)	297M+3.8%	286M+5.9%	270M+1.1%	267M+18.1%	226M+18.9%	190M+0.5%	189M

Metric	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

TIXT Balance Sheet

TIXT quarterly balance sheet

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Total Assets	$4.5B-6.3%	$4.8B+35.6%	$3.6B-1.9%	$3.6B-1.9%	$3.7B+216.1%	$1.2B	N/A
Current Assets	$707.0M-4.8%	$743.0M+6.9%	$695.0M+10.8%	$627.0M+15.9%	$541.0M+64.7%	$328.4M	N/A
Cash & Equivalents	$174.0M+37.0%	$127.0M+1.6%	$125.0M+8.7%	$115.0M-24.8%	$153.0M+91.3%	$80.0M+21.2%	$66.0M
Accounts Receivable	$454.0M-8.8%	$498.0M+16.4%	$428.0M+3.4%	$414.0M+39.9%	$296.0M+67.6%	$176.6M	N/A
Goodwill	$1.9B-1.9%	$2.0B+45.4%	$1.4B-2.2%	$1.4B-3.4%	$1.4B+241.3%	$418.4M	N/A
Total Liabilities	$2.6B-7.5%	$2.8B+62.2%	$1.7B-12.8%	$2.0B-23.7%	$2.6B+179.9%	$923.2M	N/A
Current Liabilities	$745.0M+14.8%	$649.0M+17.6%	$552.0M-31.6%	$807.0M+64.0%	$492.0M+78.3%	$275.9M	N/A
Non-Current Liabilities	$1.8B-14.3%	$2.1B+83.3%	$1.2B+0.2%	$1.2B-44.4%	$2.1B+223.2%	$647.3M	N/A
Total Equity	$1.9B-4.5%	$2.0B+10.8%	$1.8B+11.1%	$1.7B+49.0%	$1.1B+353.5%	$245.0M+34.6%	$182.0M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	-$123.0M

Metric	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K
Total Assets	$4.5B-6.3%	$4.8B+35.6%	$3.6B-1.9%	$3.6B-1.9%	$3.7B+216.1%	$1.2B
Current Assets	$707.0M-4.8%	$743.0M+6.9%	$695.0M+10.8%	$627.0M+15.9%	$541.0M+64.7%	$328.4M
Cash & Equivalents	$174.0M+37.0%	$127.0M+1.6%	$125.0M+8.7%	$115.0M-24.8%	$153.0M+91.3%	$80.0M
Accounts Receivable	$454.0M-8.8%	$498.0M+16.4%	$428.0M+3.4%	$414.0M+39.9%	$296.0M+67.6%	$176.6M
Goodwill	$1.9B-1.9%	$2.0B+45.4%	$1.4B-2.2%	$1.4B-3.4%	$1.4B+241.3%	$418.4M
Total Liabilities	$2.6B-7.5%	$2.8B+62.2%	$1.7B-12.8%	$2.0B-23.7%	$2.6B+179.9%	$923.2M
Current Liabilities	$745.0M+14.8%	$649.0M+17.6%	$552.0M-31.6%	$807.0M+64.0%	$492.0M+78.3%	$275.9M
Non-Current Liabilities	$1.8B-14.3%	$2.1B+83.3%	$1.2B+0.2%	$1.2B-44.4%	$2.1B+223.2%	$647.3M
Total Equity	$1.9B-4.5%	$2.0B+10.8%	$1.8B+11.1%	$1.7B+49.0%	$1.1B+353.5%	$245.0M

Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments, Long-Term Debt, Retained Earnings.

TIXT Cash Flow Statement

TIXT quarterly cash flow statement

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Operating Cash Flow	$517.0M+3.8%	$498.0M+14.0%	$437.0M+40.5%	$311.0M+4.7%	$297.0M+109.2%	$142.0M+51.9%	$93.5M
Depreciation & Amortization	$324.0M0.0%	$324.0M+25.6%	$258.0M+0.4%	$257.0M+41.2%	$182.0M+97.8%	$92.0M+85.9%	$49.5M
Capital Expenditures	$72.0M-8.9%	$79.0M-14.1%	$92.0M-1.1%	$93.0M+47.6%	$63.0M+8.6%	$58.0M+37.1%	$42.3M
Free Cash Flow	$445.0M+6.2%	$419.0M+21.4%	$345.0M+58.3%	$218.0M-6.8%	$234.0M+178.6%	$84.0M+64.1%	$51.2M
Investing Cash Flow	-$107.0M+88.6%	-$941.0M-690.8%	-$119.0M-8.2%	-$110.0M+94.1%	-$1.9B-1700.0%	-$104.0M+36.2%	-$162.9M
Financing Cash Flow	-$361.0M-181.5%	$443.0M+247.7%	-$300.0M-27.7%	-$235.0M-114.2%	$1.7B+7004.2%	-$24.0M-147.3%	$50.7M

Metric	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

TIXT Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TIXT quarterly financial ratios

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Net Margin	-2.3%-4.3pp	2.0%-5.4pp	7.4%+3.9pp	3.6%-3.0pp	6.5%-0.2pp	6.8%+1.1pp	5.6%
Return on Equity	-3.1%-5.8pp	2.6%-7.3pp	10.0%+5.2pp	4.7%-4.6pp	9.3%-18.9pp	28.2%+2.3pp	25.9%
Return on Assets	-1.4%-2.5pp	1.1%-4.0pp	5.1%+3.0pp	2.1%-0.6pp	2.8%-3.1pp	5.9%	N/A
Current Ratio	0.95-0.2x	1.14-0.1x	1.26+0.5x	0.78-0.3x	1.10-0.1x	1.19	N/A
Debt-to-Equity	1.320.0x	1.37+0.4x	0.93-0.3x	1.19-1.1x	2.33-1.4x	3.77	N/A
Asset Turnover	0.590.0x	0.56-0.1x	0.69+0.1x	0.61+0.2x	0.43-0.4x	0.87	N/A
FCF Margin	16.7%+1.3pp	15.5%+1.5pp	14.0%+4.0pp	9.9%-4.9pp	14.8%+6.6pp	8.2%+2.1pp	6.1%

Metric	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K
Current Ratio	0.95-0.2x	1.14-0.1x	1.26+0.5x	0.78-0.3x	1.10-0.1x	1.19
Debt-to-Equity	1.320.0x	1.37+0.4x	0.93-0.3x	1.19-1.1x	2.33-1.4x	3.77

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Note: The current ratio is below 1.0 (0.95), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
TELUS International (Cda) Inc. Subordinate Voting Shares TIXT	FY2024	$2.7B	-$61.0M	-2.3%	$1.2B	30/100
A10 NETWORKS INC ATEN	FY2025	$290.6M	$42.1M	14.5%	$1.8B	69/100
Rapid7, Inc. RPD	FY2025	$859.8M	$23.4M	2.7%	$707.7M	39/100
Verint Systems Inc VRNT	FY2025	$909.2M	$82.3M	9.0%	$1.2B	52/100
Couchbase, Inc. BASE	FY2025	$209.5M	-$74.7M	-35.6%	$1.4B	64/100
Radware Ltd. RDWR	FY2025	$301.9M	$20.3M	6.7%	$1.2B	46/100

Where TELUS International (Cda) Inc. Subordinate Voting Shares Ranks

Frequently Asked Questions

What is TELUS International (Cda) Inc. Subordinate Voting Shares's annual revenue?

TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT) reported $2.7B in total revenue for fiscal year 2024. This represents a -1.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is TELUS International (Cda) Inc. Subordinate Voting Shares's revenue growing?

TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT) revenue declined by 1.8% year-over-year, from $2.7B to $2.7B in fiscal year 2024.

Is TELUS International (Cda) Inc. Subordinate Voting Shares profitable?

No, TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT) reported a net income of -$61.0M in fiscal year 2024, with a net profit margin of -2.3%.

What is TELUS International (Cda) Inc. Subordinate Voting Shares's net profit margin?

TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT) had a net profit margin of -2.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is TELUS International (Cda) Inc. Subordinate Voting Shares's return on equity (ROE)?

TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT) has a return on equity of -3.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is TELUS International (Cda) Inc. Subordinate Voting Shares's free cash flow?

TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT) generated $445.0M in free cash flow during fiscal year 2024. This represents a 6.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is TELUS International (Cda) Inc. Subordinate Voting Shares's operating cash flow?

TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT) generated $517.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are TELUS International (Cda) Inc. Subordinate Voting Shares's total assets?

TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT) had $4.5B in total assets as of fiscal year 2024, including both current and long-term assets.

What are TELUS International (Cda) Inc. Subordinate Voting Shares's capital expenditures?

TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT) invested $72.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does TELUS International (Cda) Inc. Subordinate Voting Shares have outstanding?

TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT) had 111M shares outstanding as of fiscal year 2024.

What is TELUS International (Cda) Inc. Subordinate Voting Shares's current ratio?

TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT) had a current ratio of 0.95 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is TELUS International (Cda) Inc. Subordinate Voting Shares's debt-to-equity ratio?

TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT) had a debt-to-equity ratio of 1.32 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is TELUS International (Cda) Inc. Subordinate Voting Shares's return on assets (ROA)?

TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT) had a return on assets of -1.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is TELUS International (Cda) Inc. Subordinate Voting Shares's Piotroski F-Score?

TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are TELUS International (Cda) Inc. Subordinate Voting Shares's earnings high quality?

TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT) reported a net loss of $61.0M while generating $517.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is TELUS International (Cda) Inc. Subordinate Voting Shares?

TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT) scores 30 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.