Revenue growth has decelerated from 23.6% in 2025Q2 to 10.3% in 2026Q1, while gross margins have compressed significantly from 42.4% in 2024Q1 to 30.2% in 2026Q1.
| Sales/Revenue | 1.21B | 1.18B | 994.99M | 924.37M | 960.49M | 760.7M | 478.05M | 359.68M | 254.21M |
| Revenue Growth % | 15.95% | 18.95% | 7.64% | -3.76% | 26.26% | 59.13% | 32.91% | 41.49% | - |
| Cost of Goods Sold | 782.04M | 797.51M | 583.72M | 538.75M | 543.52M | 431.74M | 270.51M | 194.79M | 127.76M |
| COGS % of Revenue | - | 67.38% | 58.67% | 58.28% | 56.59% | 56.75% | 56.59% | 54.16% | 50.26% |
| Gross Profit | 429.98M | 386.04M | 411.26M | 385.62M | 416.97M | 328.97M | 207.54M | 164.9M | 126.45M |
| Gross Margin % | 35.48% | 32.62% | 41.33% | 41.72% | 43.41% | 43.25% | 43.41% | 45.84% | 49.74% |
| Gross Profit Growth % | - | -6.13% | 6.65% | -7.52% | 26.75% | 58.51% | 25.86% | 30.41% | - |
| Operating Expenses | 288.86M | 244.89M | 318.84M | 290.58M | 333.07M | 383.25M | 157.21M | 128.03M | 97.99M |
| OpEx % of Revenue | - | 20.69% | 32.04% | 31.44% | 34.68% | 50.38% | 32.89% | 35.6% | 38.55% |
| Selling, General & Admin | 117.64M | 244.89M | 243.34M | 237.73M | 264.56M | 328.34M | 113.52M | 90.63M | 69.46M |
| SG&A % of Revenue | - | 20.69% | 24.46% | 25.72% | 27.54% | 43.16% | 23.75% | 25.2% | 27.32% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 2M | 0 | 75.5M | 52.85M | 68.51M | 54.91M | 43.69M | 37.4M | 0 |
| Operating Income | 141.12M | 141.15M | 92.42M | 95.04M | 83.9M | -54.28M | 50.33M | 36.86M | 40.04M |
| Operating Margin % | 11.64% | 11.93% | 9.29% | 10.28% | 8.73% | -7.14% | 10.53% | 10.25% | 15.75% |
| Operating Income Growth % | - | 52.72% | -2.75% | 13.28% | 254.56% | -207.85% | 36.53% | -7.94% | - |
| EBITDA | 203.68M | 202.3M | 152.58M | 155.78M | 141.69M | -6.4M | 89.33M | 72.03M | 57.02M |
| EBITDA Margin % | 16.81% | 17.09% | 15.34% | 16.85% | 14.75% | -0.84% | 18.69% | 20.03% | 22.43% |
| EBITDA Growth % | 25.37% | 32.58% | -2.05% | 9.94% | 2315.01% | -107.16% | 24.02% | 26.33% | - |
| D&A (Non-Cash Add-back) | 62.56M | 61.15M | 60.16M | 60.74M | 57.8M | 47.88M | 39M | 35.17M | 16.97M |
| EBIT | 168.35M | 155.06M | 107.77M | 96.75M | 94.61M | -47.26M | 51.9M | 39.09M | 40.04M |
| Net Interest Income | -23.66M | -18.39M | -21.55M | -21.72M | -11.92M | -6.5M | -7.48M | -9.35M | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.81M |
| Interest Expense | 23.66M | 18.39M | 21.55M | 21.72M | 11.92M | 6.5M | 7.48M | 9.35M | 0 |
| Other Income/Expense | 2.07M | -4.48M | -18.24M | -20.01M | -19.36M | -6.68M | -5.91M | 1.49M | -3.36M |
| Pretax Income | 143.19M | 136.67M | 74.18M | 75.03M | 64.53M | -60.96M | 44.42M | 38.35M | 26.65M |
| Pretax Margin % | 11.81% | 11.55% | 7.46% | 8.12% | 6.72% | -8.01% | 9.29% | 10.66% | 10.48% |
| Income Tax | 37.73M | 34.4M | 28.31M | 29.34M | 24.11M | -2.27M | 9.89M | 4.41M | -5.57M |
| Effective Tax Rate % | 26.35% | 25.17% | 38.16% | 39.11% | 37.36% | 3.72% | 22.26% | 11.5% | -20.91% |
| Net Income | 105.46M | 102.28M | 45.87M | 45.69M | 40.42M | -58.7M | 34.53M | 33.94M | 32.22M |
| Net Margin % | 8.7% | 8.64% | 4.61% | 4.94% | 4.21% | -7.72% | 7.22% | 9.44% | 12.68% |
| Net Income Growth % | 90.69% | 122.97% | 0.39% | 13.03% | 168.86% | -269.98% | 1.75% | 5.33% | - |
| Net Income (Continuing) | 105.46M | 102.28M | 45.87M | 45.69M | 40.42M | -58.7M | 34.53M | 33.94M | 32.22M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.13 | 1.10 | 0.50 | 0.48 | 0.39 | -0.60 | 0.36 | 0.35 | 0.31 |
| EPS Growth % | 86.75% | 120% | 4.17% | 23.08% | 165% | -266.67% | 2.86% | 12.9% | - |
| EPS (Basic) | - | 1.14 | 0.52 | 0.49 | 0.41 | -0.60 | 0.36 | 0.35 | 0.31 |
| Diluted Shares Outstanding | 93.09M | 92.81M | 92.3M | 96.17M | 102.6M | 97.46M | 97.29M | 97.29M | 105.23M |
| Basic Shares Outstanding | 90.79M | 90.44M | 88.91M | 93.94M | 97.82M | 97.46M | 97.29M | 97.29M | 105.23M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | 397.76% | - |
High Client Concentration Risk
As reported in recent financial filings, TaskUs revenue growth has decelerated from a peak of 23.6% in 2025Q2 to 10.3% by 2026Q1, suggesting that the company's reliance on high-growth tech clients is increasingly vulnerable to the broader industry-wide shift toward cost optimization and reduced discretionary spending.
The deceleration in top-line expansion indicates that the company's specialized niche in digital-native support is not immune to the cyclicality of its primary client base. Investors should monitor whether this trend reflects a permanent maturation of the business model or merely a temporary pause in client investment cycles.
Based on the provided income statement data, gross margins have contracted significantly from a high of 42.4% in 2024Q1 to 30.2% in 2026Q1, highlighting potential challenges in maintaining pricing power amidst rising labor costs and increased competition within the offshore delivery landscape.
This margin erosion suggests that the company may be struggling to pass through wage inflation to its clients, or that the service mix is shifting toward lower-margin offerings. The inability to sustain margins above the 40% threshold observed in previous periods may indicate a fundamental change in the competitive environment.
According to quarterly income statements, TaskUs continues to utilize significant stock-based compensation, with $6.6 million recorded in 2026Q1, which serves to bridge the gap between GAAP net income and operational performance, potentially masking the true underlying cash profitability of the business for equity holders.
The persistent reliance on equity-based incentives warrants further investigation into the company's long-term compensation strategy and its impact on shareholder dilution. Analysts should be wary of non-GAAP metrics that exclude these costs, as they may overstate the company's ability to generate sustainable, cash-backed earnings.
As indicated by the periodic fluctuations in SG&A expenses, which reached $58.3 million in 2026Q1, management's ability to maintain strict expense discipline appears inconsistent, particularly when compared to the periods where such costs were not explicitly broken out in the reported financial statements.
The variability in operating expenses suggests that the company may be struggling to achieve meaningful operating leverage as it scales. Investors should monitor whether future SG&A growth remains tethered to revenue expansion or if structural inefficiencies are beginning to weigh on the bottom line.
Quick answers to the most common questions about buying TASK stock.
For fiscal year 2025, TaskUs, Inc. (TASK) reported total revenue of $1.18B. This represents a 365.6% increase compared to $254.2M in 2018.
TaskUs, Inc. (TASK) is profitable, generating $102.3M in net income for the fiscal year ending 2025 with a net profit margin of 8.6%.
TaskUs, Inc. (TASK) reported an operating income of $141.2M, resulting in an operating profit margin of 11.9%. This margin reflects the operational efficiency of the business before interest and taxes.
TaskUs, Inc. (TASK) generated $386.0M in gross profit for the year, representing a gross profit margin of 32.6%. This demonstrates the company's core pricing power and production efficiency.