TaskUs Inc. · Q3 2022 earnings

Briefing

Announced results for the third quarter ended September 30, 2022.

TaskUs reported Q3 2022 total revenues of $232.1 million, representing 15.5% year-over-year growth. GAAP net income was $5.4 million, with a margin of 2.3%. Non-GAAP Adjusted Net Income was $35.8 million, with a margin of 15.4%. GAAP diluted earnings per share was $0.05, while non-GAAP Adjusted EPS was $0.35.

• Third quarter total revenues reached $232.1 million, a 15.5% increase year-over-year.
• GAAP net income was $5.4 million, resulting in a GAAP net income margin of 2.3%.
• Non-GAAP Adjusted Net Income amounted to $35.8 million, with a non-GAAP Adjusted Net Income margin of 15.4%.
• GAAP diluted earnings per share was $0.05, and non-GAAP Adjusted EPS was $0.35.

Headline financials

Revenue & EPS history

TaskUs expects its financial results for the fourth quarter to include revenues between $231 million and $233 million, representing a year-over-year revenue growth at midpoint of 2.2%, and Adjusted EBITDA Margin of 23.2%. TaskUs expects its financial results for the full year 2022 to include revenues between $949 million and $951 million, representing a year-over-year revenue growth at midpoint of 24.9%, Adjusted EBITDA Margin of approximately 23.1%, and Free Cash Flow of approximately $100 million.