$TASK

TaskUs, Inc.

CIK:0001829864|SEC Filings

Unaudited Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue from Contract with Customer, Product and Service [Extensible Enumeration]	Service [Member]	Service [Member]	Service [Member]	Service [Member]
Service revenue	$ 308,855	$ 294,086	$ 615,121	$ 571,878
Operating expenses:
Cost of services	201,705	180,568	399,495	351,749
Selling, general and administrative expense	54,641	68,406	112,925	125,830
Depreciation	11,594	9,867	22,623	19,870
Amortization of intangible assets	5,004	4,997	10,010	9,973
Loss (gain) on disposal of assets	2,600	(114)	2,549	(144)
Total operating expenses	275,544	263,724	547,602	507,278
Operating income	33,311	30,362	67,519	64,600
Other income, net	(5,033)	(1,327)	(12,359)	(1,500)
Financing expenses	8,835	4,635	14,103	9,298
Income before income taxes	29,509	27,054	65,775	56,802
Provision for income taxes	7,540	7,007	19,474	15,607
Net income	$ 21,969	$ 20,047	$ 46,301	$ 41,195
Net income per common share:
Basic (in usd per share)	$ 0.24	$ 0.22	$ 0.51	$ 0.46
Diluted (in usd per share)	$ 0.24	$ 0.22	$ 0.50	$ 0.44
Weighted-average number of common shares outstanding:
Basic (in shares)	91,620,230	89,493,215	91,206,490	89,766,782
Diluted (in shares)	92,495,764	92,576,805	92,794,883	93,116,173

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 46,301	$ 41,195
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	22,613	19,870
Amortization of intangibles	10,010	9,973
Amortization of debt financing fees	1,038	298
Loss (gain) on disposal of assets	2,549	(144)
Provision for credit losses	286	492
Deferred taxes	(483)	(3,144)
Stock-based compensation expense	10,338	17,056
Changes in operating assets and liabilities:
Accounts receivable	8,174	(31,333)
Prepaid expenses and other current assets	(2,321)	(6,478)
Operating lease right-of-use assets	11,153	9,862
Other noncurrent assets	(403)	(1,771)
Accounts payable and accrued liabilities	(7,553)	2,402
Accrued payroll and employee-related liabilities	(2,136)	5,055
Operating lease liabilities	(11,445)	(8,327)
Income tax payable	(5,389)	(1,357)
Deferred revenue	6,492	(283)
Other noncurrent liabilities	188	(81)
Net cash provided by operating activities	89,412	53,285
Cash flows from investing activities:
Purchase of property and equipment	(20,707)	(31,451)
Net cash used in investing activities	(20,707)	(31,451)
Cash flows from financing activities:
Proceeds from long-term debt	500,000	0
Payments for deferred business acquisition consideration	0	(150)
Payments on long-term debt	(241,988)	(6,750)
Payments for debt financing fees	(9,468)	0
Proceeds from employee stock plans	78	7,127
Payments for taxes related to net share settlement	(5,287)	(5,937)
Payments for stock repurchases	0	(27,783)
Distribution of dividends	(332,788)	0
Net cash used in financing activities	(89,453)	(33,493)
Decrease in cash and cash equivalents	(20,748)	(11,659)
Effect of exchange rate changes on cash	(10,630)	1,409
Cash and cash equivalents at beginning of period	211,676	192,166
Cash and cash equivalents at end of period	$ 180,298	$ 181,916

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 180,298	$ 211,676
Accounts receivable, net of allowance for credit losses of $1,008 and $911, respectively	245,360	254,053
Income tax receivable	2,386	524
Prepaid expenses and other current assets	48,090	42,994
Total current assets	476,134	509,247
Noncurrent assets:
Property and equipment, net	86,019	95,426
Operating lease right-of-use assets	51,475	53,167
Deferred tax assets	12,522	12,366
Intangibles	143,282	153,490
Goodwill	218,859	219,533
Other noncurrent assets	9,348	7,536
Total noncurrent assets	521,505	541,518
Total assets	997,639	1,050,765
Current liabilities:
Accounts payable and accrued liabilities	35,856	45,242
Accrued payroll and employee-related liabilities	67,946	64,549
Current portion of debt	23,287	21,559
Current portion of operating lease liabilities	20,152	19,284
Current portion of income tax payable	4,547	9,354
Deferred revenue	9,760	3,273
Total current liabilities	161,548	163,261
Noncurrent liabilities:
Income tax payable	10,996	9,752
Long-term debt	468,719	219,798
Operating lease liabilities	34,192	37,086
Accrued payroll and employee-related liabilities	8,045	6,575
Deferred tax liabilities	14,111	14,304
Other noncurrent liabilities	183	0
Total noncurrent liabilities	536,246	287,515
Total liabilities	697,794	450,776
Commitments and Contingencies (See Note 9)
Shareholders’ equity:
Additional paid-in capital	751,941	754,773
Retained earnings (Accumulated deficit)	(228,326)	58,161
Accumulated other comprehensive loss	(35,532)	(24,695)
Treasury stock, at cost. 15,436,224 and 15,436,224 shares, respectively	(189,309)	(189,309)
Total shareholders’ equity	299,845	599,989
Total liabilities and shareholders’ equity	997,639	1,050,765
Class A common stock
Shareholders’ equity:
Common stock	521	509
Class B convertible common stock
Shareholders’ equity:
Common stock	$ 550	$ 550