Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of TaskUs.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|
| Revenue | $994.99M | $924.37M | $960.49M | $760.70M | $478.05M | $359.68M | $254.21M |
| Cost of Revenue | $602.90M | $538.75M | $558.76M | $431.74M | $270.51M | $194.79M | $127.76M |
| Gross Profit | $392.09M | $385.62M | $401.73M | $328.97M | $207.54M | $164.90M | $126.45M |
| Gross Profit Ratio | 39.41% | 41.72% | 41.83% | 43.25% | 43.41% | 45.84% | 49.74% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $216.96M | $258.00M | $333.41M | $113.52M | $90.63M | $68.56M |
| Selling and Marketing Expenses | $- | $1.60M | $2.00M | $1.90M | $1.30M | $900.00K | $900.00K |
| Selling General and Administrative Expenses | $239.59M | $228.52M | $260.00M | $335.31M | $113.52M | $90.63M | $69.46M |
| Other Expenses | $60.08M | $62.06M | $57.80M | $47.88M | $39.00M | $35.18M | $- |
| Operating Expenses | $299.66M | $290.58M | $317.80M | $383.20M | $152.52M | $125.81M | $97.99M |
| Cost and Expenses | $902.56M | $829.33M | $876.56M | $814.93M | $423.03M | $320.59M | $225.75M |
| Interest Income | $- | $- | $11.92M | $6.50M | $7.48M | $9.35M | $1.81M |
| Interest Expense | $21.55M | $21.72M | $11.92M | $6.50M | $7.48M | $9.35M | $- |
| Depreciation and Amortization | $60.16M | $60.74M | $57.80M | $47.88M | $39.00M | $35.18M | $16.97M |
| EBITDA | $155.89M | $157.49M | $153.23M | $-6.57M | $90.90M | $74.05M | $57.02M |
| EBITDA Ratio | 15.67% | 17.04% | 15.95% | -0.86% | 19.02% | 20.59% | 22.43% |
| Operating Income | $92.42M | $95.04M | $83.90M | $-54.23M | $50.33M | $36.86M | $40.04M |
| Operating Income Ratio | 9.29% | 10.28% | 8.73% | -7.13% | 10.53% | 10.25% | 15.75% |
| Total Other Income Expenses Net | $-18.24M | $-20.01M | $-19.36M | $-6.68M | $-5.91M | $-7.33M | $-3.36M |
| Income Before Tax | $74.18M | $75.03M | $64.53M | $-60.96M | $44.42M | $29.53M | $26.65M |
| Income Before Tax Ratio | 7.46% | 8.12% | 6.72% | -8.01% | 9.29% | 8.21% | 10.48% |
| Income Tax Expense | $28.31M | $29.34M | $24.11M | $-2.27M | $9.89M | $-4.41M | $5.57M |
| Net Income | $45.87M | $45.69M | $40.42M | $-58.70M | $34.53M | $33.94M | $32.22M |
| Net Income Ratio | 4.61% | 4.94% | 4.21% | -7.72% | 7.22% | 9.44% | 12.68% |
| EPS | $0.52 | $0.49 | $0.41 | $-0.60 | $0.36 | $0.35 | $0.31 |
| EPS Diluted | $0.50 | $0.48 | $0.39 | $-0.60 | $0.36 | $0.35 | $0.31 |
| Weighted Average Shares Outstanding | 88.91M | 93.94M | 97.82M | 97.46M | 97.29M | 97.29M | 105.23M |
| Weighted Average Shares Outstanding Diluted | 92.30M | 96.17M | 102.60M | 97.46M | 97.29M | 97.29M | 105.23M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $192.17M | $125.78M | $133.99M | $63.58M | $107.73M | $37.54M | $25.28M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $192.17M | $125.78M | $133.99M | $63.58M | $107.73M | $37.54M | $25.28M |
| Net Receivables | $199.00M | $178.83M | $182.94M | $167.35M | $89.49M | $59.81M | $45.00M |
| Inventory | $- | $- | $18.99M | $10.94M | $13.03M | $10.21M | $1 |
| Other Current Assets | $44.19M | $23.91M | $24.49M | $15.37M | $14.08M | $10.77M | $4.87M |
| Total Current Assets | $435.35M | $328.52M | $341.43M | $246.31M | $211.30M | $108.12M | $75.15M |
| Property Plant Equipment Net | $114.11M | $113.22M | $116.56M | $80.05M | $56.96M | $45.08M | $34.04M |
| Goodwill | $216.79M | $218.11M | $217.38M | $195.74M | $195.74M | $195.74M | $195.74M |
| Intangible Assets | $172.53M | $192.96M | $212.99M | $221.45M | $240.29M | $259.14M | $277.99M |
| Goodwill and Intangible Assets | $389.32M | $411.07M | $430.38M | $417.18M | $436.03M | $454.88M | $473.72M |
| Long Term Investments | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $8.43M | $4.86M | $6.17M | $1.44M | $585.00K | $131.00K | $- |
| Other Non-Current Assets | $6.09M | $6.54M | $7.49M | $5.02M | $2.63M | $2.47M | $2.47M |
| Total Non-Current Assets | $517.95M | $535.68M | $560.59M | $503.69M | $496.20M | $502.56M | $510.23M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $953.30M | $864.20M | $902.01M | $750.00M | $707.51M | $610.67M | $585.38M |
| Account Payables | $53.40M | $25.27M | $37.06M | $40.89M | $38.34M | $24.25M | $15.13M |
| Short Term Debt | $30.90M | $23.93M | $26.56M | $51.13M | $45.98M | $2.43M | $450.00K |
| Tax Payables | $9.84M | $7.45M | $5.73M | $2.42M | $- | $- | $- |
| Deferred Revenue | $3.73M | $4.08M | $3.48M | $4.09M | $4.71M | $2.11M | $- |
| Other Current Liabilities | $54.16M | $41.08M | $25.43M | $37.41M | $30.52M | $20.17M | $18.52M |
| Total Current Liabilities | $152.03M | $101.80M | $109.88M | $135.94M | $114.84M | $46.86M | $34.10M |
| Long Term Debt | $274.30M | $287.64M | $296.61M | $187.24M | $198.77M | $204.87M | $82.65M |
| Deferred Revenue Non-Current | $- | $- | $- | $2.75M | $2.19M | $1.77M | $- |
| Deferred Tax Liabilities Non-Current | $17.05M | $25.21M | $34.51M | $40.23M | $50.94M | $57.50M | $- |
| Other Non-Current Liabilities | $13.01M | $8.83M | $5.40M | $7.45M | $5.63M | $2.17M | $69.89M |
| Total Non-Current Liabilities | $304.35M | $321.69M | $336.52M | $234.92M | $257.53M | $266.32M | $152.54M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $456.38M | $423.49M | $446.40M | $370.86M | $372.37M | $313.18M | $186.64M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $1.03M | $1.00M | $993.00K | $975.00K | $92.00K | $92.00K | $92.00K |
| Retained Earnings | $-44.11M | $-89.98M | $-135.67M | $-176.10M | $-67.40M | $-101.93M | $-871.00K |
| Accumulated Other Comprehensive Income Loss | $-25.39M | $-9.55M | $-10.65M | $-2.16M | $3.42M | $312.00K | $493.00K |
| Other Total Stockholders Equity | $565.39M | $539.24M | $600.94M | $556.42M | $398.20M | $399.03M | $399.03M |
| Total Stockholders Equity | $496.92M | $440.71M | $455.61M | $379.13M | $335.14M | $297.50M | $398.74M |
| Total Equity | $496.92M | $440.71M | $455.61M | $379.13M | $335.14M | $297.50M | $398.74M |
| Total Liabilities and Stockholders Equity | $953.30M | $864.20M | $902.01M | $750.00M | $707.51M | $610.67M | $585.38M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $953.30M | $864.20M | $902.01M | $750.00M | $707.51M | $610.67M | $585.38M |
| Total Investments | $- | $192.96M | $- | $- | $- | $- | $- |
| Total Debt | $305.20M | $311.57M | $311.55M | $238.38M | $244.75M | $207.31M | $83.10M |
| Net Debt | $113.03M | $185.80M | $177.56M | $174.79M | $137.02M | $169.76M | $57.82M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|
| Net Income | $45.87M | $45.69M | $40.42M | $-58.70M | $34.53M | $33.94M | $32.22M |
| Depreciation and Amortization | $60.16M | $60.74M | $57.80M | $47.88M | $39.00M | $35.17M | $16.97M |
| Deferred Income Tax | $-10.89M | $-7.96M | $-11.76M | $-11.48M | $-6.50M | $-8.84M | $- |
| Stock Based Compensation | $41.82M | $52.76M | $68.98M | $46.19M | $- | $- | $- |
| Change in Working Capital | $2.12M | $-12.06M | $-6.11M | $-62.78M | $-12.04M | $-20.23M | $-56.53M |
| Accounts Receivables | $-22.76M | $1.86M | $-15.05M | $-76.20M | $-32.01M | $-13.05M | $-19.82M |
| Inventory | $- | $- | $- | $6.47M | $4.21M | $-5.22M | $- |
| Accounts Payables | $23.53M | $-9.82M | $1.82M | $4.49M | $13.54M | $-2.06M | $- |
| Other Working Capital | $1.34M | $-4.10M | $7.12M | $2.46M | $2.21M | $96.00K | $-36.71M |
| Other Non Cash Items | $-188.00K | $4.51M | $-2.24M | $6.21M | $457.00K | $2.53M | $-821.00K |
| Net Cash Provided by Operating Activities | $138.89M | $143.67M | $147.09M | $-32.67M | $58.87M | $43.79M | $-8.16M |
| Investments in Property Plant and Equipment | $-39.10M | $-31.00M | $-43.76M | $-59.36M | $-28.88M | $-20.05M | $-25.66M |
| Acquisitions Net | $-144.00K | $- | $-23.23M | $- | $- | $- | $-298.89M |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $144.00K | $-1.00M | $-1.00M | $- | $- | $- | $13.00K |
| Net Cash Used for Investing Activities | $-39.10M | $-32.00M | $-67.99M | $-59.36M | $-28.88M | $-20.05M | $-324.53M |
| Debt Repayment | $-8.44M | $-3.71M | $29.42M | $-6.56M | $36.99M | $124.47M | $83.89M |
| Common Stock Issued | $- | $- | $- | $120.70M | $- | $- | $- |
| Common Stock Repurchased | $-18.60M | $-111.96M | $-30.97M | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $-50.00M | $- | $-135.00M | $- |
| Other Financing Activities | $1.86M | $-3.41M | $-2.49M | $-9.74M | $- | $-2.29M | $266.60M |
| Net Cash Used Provided by Financing Activities | $-25.18M | $-119.08M | $-4.04M | $54.39M | $36.99M | $-12.81M | $350.49M |
| Effect of Forex Changes on Cash | $-8.22M | $-806.00K | $-4.66M | $-6.50M | $3.21M | $1.33M | $-11.79M |
| Net Change in Cash | $66.39M | $-8.22M | $70.41M | $-44.14M | $70.19M | $12.26M | $6.01M |
| Cash at End of Period | $192.17M | $125.78M | $133.99M | $63.58M | $107.73M | $37.54M | $46.99M |
| Cash at Beginning of Period | $125.78M | $133.99M | $63.58M | $107.73M | $37.54M | $25.28M | $40.98M |
| Operating Cash Flow | $138.89M | $143.67M | $147.09M | $-32.67M | $58.87M | $43.79M | $-8.16M |
| Capital Expenditure | $-39.10M | $-31.00M | $-43.76M | $-59.36M | $-28.88M | $-20.05M | $-25.66M |
| Free Cash Flow | $99.78M | $112.67M | $103.34M | $-92.04M | $29.99M | $23.74M | $-33.81M |