NASDAQ$TASK

TaskUs Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

TaskUs experienced substantial revenue growth and maintained a strong Adjusted EBITDA margin.

TaskUs reported a robust fourth quarter with a 63.4% year-over-year revenue increase, reaching $226.8 million. The company's GAAP net income was $19.1 million, with a margin of 8.4%. Adjusted EBITDA margin remained strong at 24.8%.

  • Total revenue reached $226.8 million, a 63.4% increase year-over-year.
  • GAAP net income margin was 8.4%, including non-cash stock-based compensation expense of $21.2 million.
  • Adjusted EBITDA margin was 24.8%.
  • Ended the year with 40,100 teammates, approximately 90% working from home.

Headline financials

Total Revenue

$227M

Previous: $59.6M+280.6%
EPS (adj)

$0.34

Previous: -$0.19+277.1%
Capital Expenditures

$20.8M

Previous: $7M+196.7%
Free Cash Flow

$9.99M

Previous: $6.25M+59.9%
Net Income

$19.1M

Previous: $13.6M+40.9%
Operating Income

$20.2M

Previous: $18.1M+11.8%
Gross Profit

$227M

Previous: $139M+63.4%
Cash & Equivalents

$63.6M

Previous: $108M-41.0%
Total Assets

$750M

Previous: $708M+6.0%
Stock-Based Comp

$21.2M

No prior period

Revenue & EPS history

TaskUs · Revenue · Quarterly

$227M

Q4 2021+280.6%vs Q4 2020
Beat estimate in 11 of 12 quarters(92%)
ActualEstimate

Forward guidance

TaskUs anticipates revenue between $980 million and $1,000 million for full year 2022, representing growth of approximately 30.1% at the midpoint, and an Adjusted EBITDA margin of approximately 23%.

Tailwinds

  • Revenue between $229.0 million and $232.2 million for Q1 2022.
  • Revenue growth (YoY) at midpoint of 50.8% for Q1 2022.
  • Adjusted EBITDA Margin of ~22.5% for Q1 2022.
  • Revenue between $980 million and $1,000 million for full year 2022.
  • Revenue growth (YoY) at midpoint of 30.1% for full year 2022.

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 Q4 2021

Historical avgQ4 2021

+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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