TASK

EX-99.1

2 earningsreleaseex991q12026.htm

EX-99.1

Document

Exhibit 99.1

TaskUs Announces Fiscal First Quarter 2026 Results

NEW BRAUNFELS, Texas, May 6, 2026 — TaskUs, 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, 2026.

•Service revenue of $306.3 million, 10.3% year-over-year growth.

•Net income of $24.3 million, net income margin of 7.9%.

•Adjusted Net Income of $32.8 million, Adjusted Net Income margin of 10.7%.

•Diluted EPS of $0.26, Adjusted EPS of $0.35.

•Adjusted EBITDA of $58.6 million, Adjusted EBITDA margin of 19.1%.

•Net cash provided by operating activities of $46.3 million, Free Cash Flow of $36.1 million and 61.6% conversion of Adjusted EBITDA to Free Cash Flow. Adjusted Free Cash Flow of $42.2 million and 72.1% conversion of Adjusted EBITDA to Adjusted Free Cash Flow.

“We 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%,” said Co-Founder and CEO, Bryce Maddock. “Across the business, we are focused on delivering a unique combination of AI agents and human talent, optimized to solve our clients' complex operational challenges.”

First Quarter 2026 Financial and Frontline Highlights

($ in thousands, except per share amounts)Three months ended March 31,

20262025% Change

Service revenue$306,266 $277,792 10.3 %

Net income$24,332 $21,148 15.1 %

Net income margin7.9 %7.6 %

Adjusted Net Income$32,754 $35,938 (8.9)%

Adjusted Net Income margin10.7 %12.9 %

Diluted EPS$0.26 $0.23 13.0 %

Adjusted EPS$0.35 $0.38 (7.9)%

Adjusted EBITDA$58,560 $59,272 (1.2)%

Adjusted EBITDA margin19.1 %21.3 %

Net cash provided by operating activities$46,304 $36,276 27.6 %

Free Cash Flow$36,099 $21,796 65.6 %

Conversion of Adjusted EBITDA to Free Cash Flow61.6 %36.8 %

Adjusted Free Cash Flow$42,210 $22,438 88.1 %

Conversion of Adjusted EBITDA to Adjusted Free Cash Flow72.1 %37.9 %

•At 36.1% year-over-year growth, AI Services remained TaskUs’ fastest growing service line for the fifth quarter in a row.

•Digital Customer Experience and Trust & Safety each delivered approximately 5% growth compared to 2025.

•Non-Digital Customer Experience revenues now represent approximately 45% of TaskUs’ consolidated revenue.

•Strong cash generation and debt refinancing facilitated the return of over $330 million to shareholders via a $3.65 per share special dividend.

•Ended the first quarter with liquidity of $152.3 million in cash and $100.0 million of borrowing capacity under our revolving credit facility.

•Approximately 64,400 teammates at the end of the first quarter of 2026.

“In 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’s 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,” said Interim Chief Financial Officer, Trent Thrash. “Looking 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.”

Second Quarter and Full Year 2026 Outlook

For the second quarter and full year 2026, TaskUs expects its financial results to include:

2026 Outlook

Second QuarterFull Year

Revenue (in millions)

$296.0 to $298.0

$1,210 to $1,240

Revenue growth (YoY) at midpoint 1.0%3.5%

Adjusted EBITDA Margin1

~18.0%

~19.0%

Adjusted Free Cash Flow (in millions)2 N/A $105 to $115

1.With respect to the non-GAAP Adjusted EBITDA margin outlook provided above, a reconciliation to the closest GAAP financial measure has not been provided as the quantification of certain items included in the calculation of GAAP net income (loss) cannot be calculated or predicted at this time without unreasonable efforts. For example, the non-GAAP adjustment for stock-based compensation expense requires additional inputs such as number of shares granted and market price that are not currently ascertainable, the non-GAAP adjustment for foreign currency gains or losses depends on the timing and magnitude

task-20260220FALSE000182986400018298642026-02-202026-02-20

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): February 20, 2026

TaskUs, Inc. (Exact Name of Registrant as Specified in its Charter)

Delaware001-4048283-1586636 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)

1650 Independence Drive, Suite 100 New Braunfels, Texas 78132 (Address of Principal Executive Offices) (Zip Code) (888) 400-8275 (Registrant’s Telephone Number, Including Area Code) Not Applicable (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s) Name of each exchange on which registered

Class A Common Stock, par value $0.01 per shareTASKThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☑ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition. On February 25, 2026, TaskUs, Inc. (the “Company”) issued a press release announcing earnings for the quarter and year ended December 31, 2025. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein in its entirety. The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filings made by the Company under the Securities Act of 1933, as amended or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 20, 2026, Balaji Sekar, the Company’s Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) informed the Company of his intention to step down from such positions to pursue a role at a private company, effective as of March 31, 2026. Mr. Sekar’s resignation was not due to any disagreement with the Company, its management, or the Company’s Board of Directors (the “Board”) on any matter relating to the Company’s operations, policies or practices. Mr. Sekar has agreed to serve as an advisor to the Company for six months subsequent to March 31, 2026. In connection with Mr. Sekar’s resignation, on February 25, 2026, the Board appointed (i) Trent Thrash, the Company’s Senior Vice President of Corporate Development and Investor Relations, as Interim Chief Financial Officer (Principal Financial Officer) and (ii) Garrett Gold, the Company’s Vice President of Accounting and Financial Reporting, as Principal Accounting Officer, each effective on March 31, 2026 (such transition, the “CFO Transition”). The Company has initiated a comprehensive search process for a permanent Chief Financial Officer. Trent Thrash, age 51, has served as the Company’s Senior Vice President of Corporate Development since September 2021. In addition to his Corporate Development role, Mr. Thrash has led the Company’s Investor Relations, Treasury, and Tax functions since October 2023, January 2025 and February 2025, respectively. Prior to joining the Company, Mr. Thrash served as Head of Corporate Development at Stack Sports from November 2017 to September 2021. Mr. Thrash is an alumnus of The University of Texas at Austin, where he received Bachelor of Business Administration and Master in Professional Accounting degrees in 1999. Mr. Thrash is a licensed Certified Public Accountant

task-20251107FALSE000182986400018298642025-11-072025-11-07

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 7, 2025

TaskUs, Inc. (Exact name of registrant as specified in its charter)

Delaware001-4048283-1586636 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

1650 Independence Drive, Suite 100 New Braunfels, Texas 78132 (Address of principal executive offices) (Zip Code) (888) 400-8275 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s) Name of each exchange on which registered

Class A Common Stock, par value $0.01 per shareTASKThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☑ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition. On November 7, 2025, TaskUs, Inc. (the “Company”) issued a press release announcing earnings for the third quarter ended September 30, 2025. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein. The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filings under the Securities Act of 1933, as amended or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits. (d) Exhibits.

Exhibit No.Description 99.1Press release of TaskUs, Inc., dated November 7, 2025

104Cover Page Interactive Data File (formatted as Inline XBRL)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TASKUS, INC.

By:/s/ Balaji Sekar Name: Balaji Sekar Title: Chief Financial Officer

Date: November 7, 2025