NASDAQ$TASK

TaskUs Inc. · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

TaskUs reported strong fourth-quarter and full-year 2024 results, exceeding revenue guidance and achieving significant year-over-year growth.

TaskUs announced its fiscal fourth-quarter and full-year 2024 results, with Q4 total revenue reaching $274.2 million, a 17.1% year-over-year increase, surpassing the top-end of their guidance. The company also reported a full-year revenue of $995 million, marking a new company record.

  • Fourth quarter total revenue of $274.2 million, representing 17.1% year-over-year growth, exceeded guidance by $4.9 million.
  • Net Income for the quarter was $8.9 million, with a Net Income margin of 3.2%.
  • Adjusted EBITDA reached $53.8 million, with an Adjusted EBITDA margin of 19.6%.
  • Net cash provided by operating activities was $40.7 million, and Free Cash Flow was $20.4 million.

Headline financials

Total Revenue

$274M

Previous: $234M+17.1%
EPS (adj)

$0.31

Previous: $0.35-11.4%
Adj. EBITDA Margin

19.6%

Previous: 25.2%-22.2%
Net Income Margin

3.2%

Previous: 6.9%-53.6%
Adj. Net Income Margin

10.4%

Previous: 13.8%-24.6%
FCF Conversion

37.9%

Previous: 53.7%-29.4%
Adj. FCF Conversion

46.7%

Previous: 53.7%-13.0%
Net Income

$8.86M

Previous: $16.3M-45.6%
Operating Income

$22M

Previous: $31.5M-30.4%

Revenue & EPS history

TaskUs · Revenue · Quarterly

$274M

Q4 2024+17.1%vs Q4 2023
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Forward guidance

TaskUs expects to sustain accelerating, double-digit year-over-year growth in Q1 2025, with full-year 2025 revenue projected to be between $1.095 billion and $1.125 billion, and an Adjusted EBITDA margin of approximately 21%.

Tailwinds

  • Expects to sustain accelerating, double-digit year-over-year growth in Q1 of 2025.
  • Full-year 2025 revenue is projected to range between $1.095 billion and $1.125 billion.
  • Adjusted EBITDA margin for full-year 2025 is expected to be approximately 21%.
  • Anticipates Adjusted Free Cash Flow of approximately $100 million for full-year 2025.
  • Positioned well for 2025 due to strong 2024 results and early 2025 momentum.

Headwinds

  • Quantification of certain GAAP net income (loss) items for Adjusted EBITDA margin outlook cannot be calculated or predicted without unreasonable efforts.
  • Stock-based compensation expense requires inputs not currently ascertainable for accurate forecasting.
  • Foreign currency gains or losses depend on unpredictable timing and magnitude of exchange rate changes.
  • Unable to address the probable significance of unavailable information, which could have a potentially unpredictable and significant impact on future GAAP financial results.
  • Adjusted Free Cash Flow guidance excludes the impact of certain non-recurring litigation costs due to unpredictability of costs and timing.

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 2024

Historical avgQ4 2024

+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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