TASK · TaskUs, Inc.

TaskUs delivered a solid first quarter with $306.3 million in service revenue — 10.3% higher year-over-year and $8.3 million above the top end of guidance — driven primarily by outsized growth in AI Services (36.1% YoY), now the firm’s fastest-growing service line for the fifth consecutive quarter. Management attributed this strength to specialized offerings in AI Safety, AI model training and maintenance, and Robotics and Autonomous Vehicle support. While GAAP net income rose 15.1% YoY to $24.3 million (7.9% margin), Adjusted Net Income declined 8.9% to $32.8 million, reflecting higher non-cash and non-recurring adjustments, including stock-based compensation and foreign currency impacts. Adjusted EBITDA fell modestly by 1.2% YoY to $58.6 million but expanded marginally to 19.1% from 21.3%, surpassing guidance and underscoring disciplined cost management. The company highlighted robust cash generation: $46.3 million in operating cash flow and $36.1 million in Free Cash Flow, with Adjusted Free Cash Flow reaching $42.2 million — representing a 72.1% conversion of Adjusted EBITDA. This enabled a $3.65 per share special dividend totaling over $330 million, funded by strong liquidity ($152.3 million cash) and the March 2026 debt refinancing. Looking ahead, TaskUs raised its full-year Adjusted Free Cash Flow guidance to $105–$115 million (up from prior expectations) and reaffirmed revenue guidance of $1.210–$1.240 billion, targeting ~19.0% Adjusted EBITDA margin. The outlook reflects confidence in sustained AI-driven demand and continued execution on operational efficiency, even amid macroeconomic uncertainty and competitive pricing pressure noted in the forward-looking statements.