Taskus (TASK) Q4 2025 earnings summary

Executive summary

• Delivered Q4 2025 revenue of $313M, up 14.1% year-over-year, and full-year revenue of $1.184B, up 19% year-over-year, with Q4 Adjusted EBITDA of $61.4M (19.6% margin) and full-year Adjusted EBITDA of $249.1M (21% margin).

• Announced CFO transition, with Balaji Sekar departing and Trent Thrash serving as interim CFO.

• Secured $500M term loan and $100M revolver maturing March 2031, and declared a $3.65/share special dividend (~$333M) payable March 25, 2026.

• Significant growth in Trust & Safety (18% YoY) and AI Services (45.9% YoY in Q4), driven by demand from technology, financial services, and robotics sectors.

• Expanded global footprint to 31 sites across 13 countries, with headcount reaching ~65,500 as of December 31, 2025.

Financial highlights

• Q4 revenue exceeded guidance by nearly $10M; full-year revenue surpassed the top end of guidance.

• Adjusted net income for Q4 was $37.1M (EPS $0.40), up nearly 30% year-over-year; full-year adjusted net income was $151.7M (EPS $1.63).

• Adjusted free cash flow for 2025 was $89.9M (36.1% of Adjusted EBITDA).

• Cash and equivalents at year-end: $211.7M; adjusted net debt leverage ratio at 0.1x Adjusted EBITDA.

• Adjusted net income margin for 2025 was 11.9%.

Outlook and guidance

• Q1 2026 revenue expected between $296M–$298M (6.9%–7% YoY growth); Adjusted EBITDA margin of 19%.

• Full-year 2026 revenue guidance: $1.21B–$1.24B (3.5% growth at midpoint); Adjusted EBITDA margin of ~19%.

• Anticipates $100M in adjusted free cash flow for 2026; CapEx to decline slightly.

• Growth deceleration in 2026 primarily due to automation at the largest client; expects top 20 clients (excluding largest) to grow revenue by ~15%.

• Plans to invest aggressively in AI transformation strategy and continue growth initiatives.