TaskUs Q1 Revenue Rises 10.3% to $306.3M, EPS Misses by 1 Cent
TASK•TaskUs reported Q1 net income of $24.3 million and adjusted EPS of $0.35, missing the 36-cent consensus while service revenue rose 10.3% to $306.3 million, topping estimates. It forecasts Q2 revenue of $296–298 million and full-year revenue of $1.21–1.24 billion.
1. Q1 Financial Results
TaskUs reported net income of $24.3 million for the quarter ended March 31, with service revenue climbing 10.3% year-over-year to $306.3 million. The net income margin was 7.9%, and adjusted net income margin reached 10.7%, driven by efficiency gains across digital services.
2. Earnings Versus Estimates
Adjusted EPS came in at $0.35, one cent below the 36-cent average estimate, while GAAP EPS was $0.26. The revenue beat was supported by strong client demand, though higher operating expenses weighed on profitability relative to street expectations.
3. Forward Guidance
For Q2, TaskUs projects revenue between $296 million and $298 million, reflecting modest sequential growth. Full-year revenue guidance is set at $1.21 billion to $1.24 billion as the company plans continued investment in global delivery capabilities.
