NASDAQ$TASK
TaskUs Inc. · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported first quarter results, outperforming guidance with clients leveraging offshore delivery model.
TaskUs, Inc. announced its Q1 2023 results, showing a total revenue of $235.3 million. The company's GAAP net income was $9.5 million, with a margin of 4.0%. Non-GAAP Adjusted Net Income reached $32.5 million, with a margin of 13.8%. The company updated its full-year outlook due to continued volatility in the macro environment.
- First quarter total revenues reached $235.3 million.
- GAAP net income was $9.5 million, representing a 4.0% margin.
- Non-GAAP Adjusted Net Income amounted to $32.5 million, with a 13.8% margin.
- GAAP diluted earnings per share stood at $0.09, while non-GAAP Adjusted EPS was $0.32.
Headline financials
Revenue & EPS history
TaskUs · Revenue · Quarterly
$235M
Forward guidance
For the second quarter of 2023, TaskUs expects revenue between $226 million and $228 million, with an adjusted EBITDA margin of 23.0%. For the full year 2023, revenue is expected to be between $925 million and $950 million, with an adjusted EBITDA margin of 23.5% and free cash flow exceeding $100 million.
Tailwinds
- Revenue (in millions): $226 to $228 (Second Quarter), $925 to $950 (Full Year)
- Revenue change (YoY) at midpoint: (7.9)% (Second Quarter), (2.4)% (Full Year)
- Adjusted EBITDA Margin: 23.0% (Second Quarter), 23.5% (Full Year)
- Free Cash Flow (excluding heloo earn-out payment) (in millions): N/A (Second Quarter), $100+ (Full Year)
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+3.2%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+2.9%
Avg return
30 days after
65%
15 / 23 earnings
Positive
+29.1%
Q3 2022
Best reaction
-22.7%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +4.5% | -8.3% | -10.3% | |
| Q4 2025 | +0.0% | +2.7% | -39.2% | |
| Q3 2025 | +4.6% | -5.3% | -1.0% | |
| Q1 2025 | +0.3% | -0.8% | -1.0% | |
| Q4 2024 | -7.6% | -13.4% | -12.4% | |
| Q3 2024 | +28.8% | -0.1% | +3.5% | |
| Q2 2024 | +2.3% | -11.3% | -19.5% | |
| Q1 2024 | +5.4% | +12.2% | +13.2% | |
| Q4 2023 | +5.7% | +4.0% | -7.6% | |
| Q3 2023 | +19.7% | +25.2% | +20.3% | |
| Q2 2023 | -17.1% | -13.6% | -21.9% | |
| Q1 2023 | +0.6% | -6.8% | +0.1% | |
| Q4 2022 | -17.0% | -11.9% | -29.5% | |
| Q3 2022 | +29.1% | +31.3% | +12.7% | |
| Q2 2022 | -22.7% | -29.4% | -27.7% | |
| Q1 2021 | -18.4% | -3.1% | -10.5% | |
| Q1 2022 | -22.5% | -12.1% | -10.1% | |
| Q4 2019 | +5.6% | -3.4% | +9.8% | |
| Q4 2021 | +19.7% | +10.3% | +39.9% | |
| Q3 2020 | -0.1% | -7.6% | -33.8% | |
| Q3 2021 | +4.5% | +4.4% | -30.8% | |
| Q4 2020 | +20.7% | +22.4% | +111.2% | |
| Q2 2021 | +27.1% | +29.1% | +112.4% |
Discussion
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