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TaskUs Announces Fiscal First Quarter 2025 Results
NEW BRAUNFELS, Texas--(BUSINESS WIRE)-- TaskUs, Inc. (Nasdaq: TASK), a leading provider of outsourced digital services and next-generation customer
About this update from Taskus, Inc.
[{"type":"text","content":" NEW BRAUNFELS, Texas--(BUSINESS WIRE)--\nTaskUs, Inc. (Nasdaq: TASK), a leading provider of outsourced digital services and next-generation customer experience to the world’s most innovative companies, today announced its results for the first quarter ended March 31, 2025.\n\n\nTotal revenues of $277.8 million, 22.1% year-over-year growth. Exceeding the top-end of our guidance by $5.8 million.\n\n\nNet income of $21.1 million, net income margin of 7.6%.\n\n\nAdjusted Net Income of $35.9 million, Adjusted Net Income margin of 12.9%.\n\n\nDiluted EPS of $0.23, Adjusted EPS of $0.38.\n\n\nAdjusted EBITDA of $59.3 million, Adjusted EBITDA margin of 21.3%. Exceeding our guidance by 130 basis point, or 9.4%.\n\n\nNet cash provided by operating activities of $36.3 million, Free Cash Flow of $21.8 million and 36.8% conversion of Adjusted EBITDA to Free Cash Flow. Adjusted Free Cash Flow of $22.4 million and 37.9% conversion of Adjusted EBITDA to Adjusted Free Cash Flow.\n\n\nFirst Quarter 2025 Financial and Frontline Highlights\n\n\n\n($ in thousands, except per share amounts)\n\n\n\n \n\n\n\nThree months ended\n\n\nMarch 31,\n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n2025\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n2024\n\n\n\n \n\n\n\n \n\n\n\n% Change\n\n\n\n\n\nService revenue\n\n\n\n \n\n\n\n$\n\n\n\n277,792\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n227,470\n\n\n\n \n\n\n\n \n\n\n\n22.1\n\n\n\n%\n\n\n\n\n\nNet income\n\n\n\n \n\n\n\n$\n\n\n\n21,148\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n11,714\n\n\n\n \n\n\n\n \n\n\n\n80.5\n\n\n\n%\n\n\n\n\n\nNet income margin\n\n\n\n \n\n\n\n \n\n\n\n7.6\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n5.1\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n\n\nAdjusted Net Income\n\n\n\n \n\n\n\n$\n\n\n\n35,938\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n27,272\n\n\n\n \n\n\n\n \n\n\n\n31.8\n\n\n\n%\n\n\n\n\n\nAdjusted Net Income margin\n\n\n\n \n\n\n\n \n\n\n\n12.9\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n12.0\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n\n\nDiluted EPS\n\n\n\n \n\n\n\n$\n\n\n\n0.23\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.13\n\n\n\n \n\n\n\n \n\n\n\n76.9\n\n\n\n%\n\n\n\n\n\nAdjusted EPS\n\n\n\n \n\n\n\n$\n\n\n\n0.38\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.30\n\n\n\n \n\n\n\n \n\n\n\n26.7\n\n\n\n%\n\n\n\n\n\nAdjusted EBITDA\n\n\n\n \n\n\n\n$\n\n\n\n59,272\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n50,605\n\n\n\n \n\n\n\n \n\n\n\n17.1\n\n\n\n%\n\n\n\n\n\nAdjusted EBITDA marg...