NASDAQ$TASK

TaskUs Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

TaskUs's revenue increased by 36.9% year-over-year, driven by expansion with existing clients and new client engagements.

TaskUs reported strong second-quarter results with revenue of $246.5 million, representing 36.9% year-over-year growth. The company's GAAP net income was $7.7 million, with a margin of 3.1%. Non-GAAP Adjusted Net Income reached $38.7 million, with a margin of 15.7%.

  • Second quarter total revenues of $246.5 million, representing 36.9% of year-over-year growth.
  • GAAP net income of $7.7 million, GAAP net income margin of 3.1%.
  • Non-GAAP Adjusted Net Income of $38.7 million, non-GAAP Adjusted Net Income margin of 15.7%.
  • GAAP diluted earnings per share of $0.07, non-GAAP Adjusted EPS of $0.38.

Headline financials

Total Revenue

$246M

Previous: $180M+36.9%
EPS (adj)

$0.38

Previous: $0.32+18.8%
Adj. EBITDA Margin

22.6%

Previous: 24.5%-7.8%
Capital Expenditures

-$29.4M

Previous: -$23.5M-25.2%
Free Cash Flow

-$21.6M

Previous: -$129M+83.3%
Net Income

$7.73M

Previous: -$106M+107.3%
Operating Income

$19.4M

Previous: -$113M+117.1%
Gross Profit

-$144M

Previous: $76.2M-288.3%
Cash & Equivalents

$105M

Previous: $196M-46.5%
Total Assets

$883M

Previous: $830M+6.5%
Stock-Based Comp

$18.9M

Previous: $5.77M+228.1%

Revenue & EPS history

TaskUs · Revenue · Quarterly

$246M

Q2 2022+36.9%vs Q2 2021
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Forward guidance

TaskUs expects full year 2022 revenues between $930 million and $950 million, representing growth of 23.6% at the midpoint, Adjusted EBITDA margin of approximately 22.3%, and Free Cash Flow of approximately $100 million.

Tailwinds

  • Revenue between $930 million and $950 million
  • Revenue growth of 23.6% at midpoint
  • Adjusted EBITDA margin of approximately 22.3%
  • Free Cash Flow of approximately $100 million

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 Q2 2022

Historical avgQ2 2022

+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

Earnings price reactions
QuarterReport dateReaction (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%

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