\nTaskUs, Inc. (Nasdaq: TASK), a leading provider of outsourced digital services and next-generation customer experience to the world\u2019s most innovative companies, today announced its results for the first quarter ended March 31, 2026.<\/p>\n
- \n
- Service revenue of $306.3 million, <\/b>10.3% year-over-year growth.\n<\/li>\n
- Net income of $24.3 million<\/b>,net income margin of 7.9%.\n<\/li>\n
- Adjusted Net Income of $32.8 million<\/b>,Adjusted Net Income margin of 10.7%.\n<\/li>\n
- Diluted EPS of $0.26<\/b>,Adjusted EPS of $0.35.\n<\/li>\n
- Adjusted EBITDA of $58.6 million<\/b>, Adjusted EBITDA margin of 19.1%.\n<\/li>\n
- Net cash provided by operating activities of $46.3 million<\/b>, Free Cash Flow of $36.1 million and61.6% conversion of Adjusted EBITDA to Free Cash Flow. Adjusted Free Cash Flow of $42.2 million and72.1% conversion of Adjusted EBITDA to Adjusted Free Cash Flow.\n<\/li>\n<\/ul>\n
\n\u201cWe delivered a solid start to 2026, outperforming the top end of our first quarter guidance for both revenue and Adjusted EBITDA. We continue to see significant traction from our specialized offerings focused on AI Safety, AI model training and maintenance, and Robotics and Autonomous Vehicle support. For the sixth quarter in a row, AI Services revenue growth exceeded 30%,\u201d said Co-Founder and CEO, Bryce Maddock. \u201cAcross the business, we are focused on delivering a unique combination of AI agents and human talent, optimized to solve our clients’ complex operational challenges.\u201d<\/p>\n
First Quarter 2026 Financial and Frontline Highlights<\/b><\/p>\n
\n
\n \n ($ in thousands, except per share amounts)<\/i><\/p>\n<\/td>\n
\n Three months ended<\/b><\/p>\n
March 31,<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n 2026<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n 2025<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n % Change<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \nService revenue<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n306,266<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n277,792<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n10.3<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNet income<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n24,332<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n21,148<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n15.1<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n \n Net income margin<\/i><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n 7.9<\/i><\/p>\n<\/td>\n
\n %<\/i><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n 7.6<\/i><\/p>\n<\/td>\n
\n %<\/i><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAdjusted Net Income<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n32,754<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n35,938<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(8.9<\/p>\n<\/td>\n
\n \n)%<\/p>\n<\/td>\n<\/tr>\n
\n \n Adjusted Net Income margin<\/i><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n 10.7<\/i><\/p>\n<\/td>\n
\n %<\/i><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n 12.9<\/i><\/p>\n<\/td>\n
\n %<\/i><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDiluted EPS<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n0.26<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n0.23<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n13.0<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAdjusted EPS<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n0.35<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n0.38<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(7.9<\/p>\n<\/td>\n
\n \n)%<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAdjusted EBITDA<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n58,560<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n59,272<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(1.2<\/p>\n<\/td>\n
\n \n)%<\/p>\n<\/td>\n<\/tr>\n
\n \n Adjusted EBITDA margin<\/i><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n 19.1<\/i><\/p>\n<\/td>\n
\n %<\/i><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n 21.3<\/i><\/p>\n<\/td>\n
\n %<\/i><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNet cash provided by operating activities<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n46,304<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n36,276<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n27.6<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n \n \nFree Cash Flow<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n36,099<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n21,796<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n65.6<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n \n Conversion of Adjusted EBITDA to Free Cash Flow<\/i><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n 61.6<\/i><\/p>\n<\/td>\n
\n %<\/i><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n 36.8<\/i><\/p>\n<\/td>\n
\n %<\/i><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAdjusted Free Cash Flow<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n42,210<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n22,438<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n88.1<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n \n Conversion of Adjusted EBITDA to Adjusted Free Cash Flow<\/i><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n 72.1<\/i><\/p>\n<\/td>\n
\n %<\/i><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n 37.9<\/i><\/p>\n<\/td>\n
\n %<\/i><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
- \n
- \nAt 36.1% year-over-year growth, AI Services remained TaskUs\u2019 fastest growing service line for the fifth quarter in a row.<\/p>\n<\/li>\n
- \nDigital Customer Experience and Trust & Safety each delivered approximately 5% growth compared to 2025.<\/p>\n<\/li>\n
- \nNon-Digital Customer Experience revenues now represent approximately 45% of TaskUs\u2019 consolidated revenue.<\/p>\n<\/li>\n
- \nStrong cash generation and debt refinancing facilitated the return of over $330 million to shareholders via a $3.65 per share special dividend.<\/p>\n<\/li>\n
- \nEnded the first quarter with liquidity of $152.3 million in cash and $100.0 million of borrowing capacity under our revolving credit facility.<\/p>\n<\/li>\n
- \nApproximately 64,400 teammates at the end of the first quarter of 2026.<\/p>\n<\/li>\n<\/ul>\n
\n\u201cIn the first quarter of 2026, we generated revenue of $306.3 million, exceeding the high end of our revenue guidance by $8.3 million. Our team\u2019s relentless focus on achieving best-in-class margins helped us deliver Adjusted EBITDA margins of 19.1%, also exceeding our guidance. These results are a testament to our operational execution, financial discipline and the strength of our specialized service offerings,\u201d said Interim Chief Financial Officer, Trent Thrash. \u201cLooking forward, we expect full-year revenue to range between $1.210 billion and $1.240 billion, with an Adjusted EBITDA margin of approximately 19.0%. We now expect increased Adjusted Free Cash Flow of approximately $105 million to $115 million for the year. Across the organization, TaskUs remains laser-focused on outpacing industry growth rates and profitability over a multi-year horizon as we aim to solidify our position of BPO leadership by capitalizing on our emerging growth initiatives and AI-enabled transformation.\u201d<\/p>\n
Second Quarter and Full Year 2026 Outlook<\/b><\/p>\n
\n
\n \n For the second quarter and full year 2026, TaskUs expects its financial results to include:<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n 2026 Outlook<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n Second Quarter<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n Full Year<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \nRevenue (in millions)<\/p>\n<\/td>\n
\n \n$296.0 to $298.0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$1,210 to $1,240<\/p>\n<\/td>\n<\/tr>\n
\n \n Revenue growth (YoY) at midpoint<\/i><\/p>\n<\/td>\n
\n 1.0%<\/i><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n 3.5%<\/i><\/p>\n<\/td>\n<\/tr>\n
\n \n \nAdjusted EBITDA Margin1<\/sup><\/p>\n<\/td>\n
\n \n~18.0%<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n~19.0%<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAdjusted Free Cash Flow (in millions)2<\/sup><\/p>\n<\/td>\n
\n \nN\/A<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$105 to $115<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
- Net income of $24.3 million<\/b>,net income margin of 7.9%.\n<\/li>\n
![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20260506183641\/en\/2464680\/3\/taskus-logo.jpg\"){kind=logo}
<\/td>\n<\/tr>\n