TaskUs Inc. · Q2 2021 earnings

Briefing

Reported strong financial results, including revenue growth and adjusted EBITDA margins.

TaskUs reported a strong second quarter with revenue of $180.0 million, representing 57.4% year-over-year organic growth. The company's Adjusted EBITDA margin was 24.5%. However, GAAP net loss was $105.9 million, including a $129.4 million one-time expense related to phantom stock bonuses and $6.8 million of other IPO related expenses.

• Revenues were $180.0 million, representing 57.4% year-over-year organic growth.
• GAAP net loss was $105.9 million, representing a margin of -58.9%, and includes an expense of $129.4 million related to a one-time payout of phantom shares bonuses linked to the June initial public offering and $6.8 million of other IPO related costs.
• Adjusted EBITDA was $44.1 million, representing an Adjusted EBITDA margin of 24.5%.
• Non GAAP Adjusted Net Income was $31.4 million representing a Non GAAP Adjusted Net Income Margin of 17.4%.

Headline financials

Revenue & EPS history

TaskUs expects its financial results to include revenues between $182 to $186 million for the third quarter and between $705 to $709 million for the full year 2021. Adjusted EBITDA Margin is expected to be between 23.1% to 23.5% for the third quarter and between 23.7% to 24.1% for the full year.