TaskUs, Inc.

Listed Company

TASKCIK 0001829864NasdaqEmerging GrowthServices-Computer Processing & Data PreparationDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.18B

Net Income

$102.28M

Total Assets

$1.05B

Equity

$599.99M

Shares Out

91.74M

Op. Cash Flow

$137.22M

Business

TaskUs, Inc. is a provider of outsourced digital services and next-generation customer experience for innovative companies, supporting clients’ end customers and sensitive operational needs. The company offers Digital Customer Experience, Trust + Safety (including Content Moderation and Financial Crimes + Compliance), and Artificial Intelligence services such as data annotation, LLM support, AI deployment management, and data collection. Its business is organized into three primary service offerings and vertical-focused sales and client teams that deliver consultative, tech-enabled solutions. TaskUs serves global clients through a cloud-based omnichannel delivery model using on-site, remote/hybrid, offshore/near-shore, and crowdsourced channels across multiple countries and languages.

Summary from filing dated 2025-03-06

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Service revenue	1,184	995	924	960	761
Cost of services	736	603	539	559	432
Selling, general, and administrative expense	245	240	229	260	335
Depreciation	41	40	40	—	—
Amortization of intangible assets	20	20	20	20	19
Loss (gain) on disposal of assets	525,000	−80,000	1	31,000	52,000
Total operating expenses	1,043	903	829	877	815
Operating income	141	92	95	84	−54
Other income, net	−14	−3	−2	7	177,000
Financing expenses	18	22	22	12	—
Income before income taxes	137	74	75	65	−61
Provision for income taxes	34	28	29	24	−2
Net income	102	46	46	40	−59
Basic (in usd per share)	1.14	0.52	0.49	0.41	−0.62
Diluted (in usd per share)	1.1	0.5	0.48	0.39	−0.62
Basic (in shares)	90	89	94	98	95
Diluted (in shares)	93	92	96	103	95

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	212	192	126	134	64
Accounts receivable, net of allowance for credit losses of $911 and $1,299, respectively	254	199	177	179	163
Income tax receivable	524,000	912,000	2	3	4
Prepaid expenses and other current assets	43	43	24	26	—
Total current assets	509	435	329	341	246
Property and equipment, net	95	67	69	75	80
Operating lease right-of-use assets	53	47	44	42	0
Deferred tax assets	12	8	5	6	1
Intangibles	153	173	193	213	221
Goodwill	220	217	218	217	196
Other noncurrent assets	8	6	7	7	5
Total noncurrent assets	542	518	536	561	504
Total assets	1,051	953	864	902	750
Accounts payable and accrued liabilities	45	53	26	37	41
Accrued payroll and employee-related liabilities	65	54	40	49	37
Current portion of debt	22	15	8	3	51
Current portion of operating lease liabilities	19	16	16	12	0
Current portion of income tax payable	9	10	7	6	2
Deferred revenue	3	4	4	3	4
Total current liabilities	163	152	102	110	136
Income tax payable	10	6	5	2	3
Long-term debt	220	241	256	264	187
Operating lease liabilities	37	33	31	32	0
Accrued payroll and employee-related liabilities	7	6	4	3	2
Deferred tax liabilities	14	17	25	35	40
Other noncurrent liabilities	0	84,000	233,000	288,000	0
Total noncurrent liabilities	288	304	322	337	235
Total liabilities	451	456	423	446	371
Commitments and Contingencies (See Note 10)	—	—	—	—	—
Additional paid-in capital	755	727	683	632	556
Retained earnings (Accumulated deficit)	58	−44	−90	−136	−176
Accumulated other comprehensive loss	−25	−25	−10	−11	−2
Treasury stock, at cost with 15,436,224 and 13,323,977 shares, respectively	−189	−162	−144	−31	0
Total shareholders equity	600	497	441	456	379
Total liabilities and shareholders equity	1,051	953	864	902	750

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	42	40	40	38	29
Amortization of debt financing fees	596,000	596,000	596,000	569,000	—
Provision (benefit) for credit losses	1	−15,000	103,000	2	1
Unrealized foreign exchange losses (gains) on forward contracts	0	−689,000	2	−5	5
Deferred taxes	−7	−11	−8	−12	−11
Stock-based compensation expense	30	42	53	69	46
Accounts receivable	−55	−23	2	−15	−76
Prepaid expenses and other current assets	4	−21	−2	−7	−9
Operating lease right-of-use assets	21	16	14	13	0
Other noncurrent assets	−2	−63,000	−132,000	−1	−2
Accounts payable and accrued liabilities	−13	24	−10	2	4
Accrued payroll and employee-related liabilities	11	18	−8	14	16
Operating lease liabilities	−20	−17	−14	−12	1
Income tax payable	3	6	5	4	1
Deferred revenue	−469,000	−347,000	592,000	−623,000	1
Other noncurrent liabilities	−81,000	−145,000	−68,000	−2	0
Net cash provided by operating activities	137	139	144	147	−33
Purchase of property and equipment	−64	−39	−31	−44	−59
Investment in loan receivable	0	0	−1	−1	0
Net cash used in investing activities	−64	−39	−32	−68	−59
Payments for deferred business acquisition consideration	−150,000	−144,000	−2	0	0
Payments on long-term debt	−15	−8	−4	−273	−7
Proceeds from employee stock plans	9	6	631,000	3	0
Payments for taxes related to net share settlement	−10	−4	−2	−4	−5
Payments for stock repurchases	−28	−19	−112	−31	0
Net cash used in financing activities	−44	−25	−119	−4	54
Increase (decrease) in cash and cash equivalents	30	75	−7	75	−38
Effect of exchange rate changes on cash	−10	−8	−806,000	−5	−6
Cash paid for interest	18	21	22	10	6
Cash paid for taxes, net of refunds	36	34	32	32	7
Accrued capital expenditures	10	6	4	3	8
Loan receivable exchanged for software	0	0	2	0	0

Filings

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