Quarterly ResultMay 6, 2026, 04:21 PM
TaskUs Q1 Revenue $306.3M, +10.3%; Net Income $24.3M, +15.1%
AI Summary
TaskUs announced its first quarter 2026 results, reporting service revenue of $306.3 million, a 10.3% year-over-year increase, and net income of $24.3 million, up 15.1% year-over-year. The company outperformed its Q1 guidance for both revenue and Adjusted EBITDA, driven by significant traction in AI Services, which grew 36.1% year-over-year. TaskUs also returned over $330 million to shareholders through a $3.65 per share special dividend and provided an optimistic full-year 2026 outlook, including increased Adjusted Free Cash Flow guidance.
Key Highlights
- Service revenue reached $306.3 million, marking a 10.3% year-over-year growth.
- Net income increased by 15.1% year-over-year to $24.3 million.
- Diluted EPS was $0.26, a 13.0% increase from the prior year.
- Adjusted EBITDA stood at $58.6 million, with a margin of 19.1%.
- AI Services revenue grew 36.1% year-over-year, remaining the fastest-growing service line.
- Net cash provided by operating activities was $46.3 million, up 27.6% year-over-year.
- Returned over $330 million to shareholders via a $3.65 per share special dividend.
- Full-year 2026 revenue is projected to be $1.210 billion to $1.240 billion.