Taskus (TASK) Q4 2025 earnings summary

Executive summary

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

• AI services grew 46% YoY in Q4 and nearly 59% for the full year, now exceeding $200M in annual revenue; Trust & Safety also saw 18% YoY growth in Q4.

• Announced CFO transition, $3.65/share special dividend (~$333M) payable March 2026, funded by $500M term loan and $100M revolver.

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

• Recognized as "Major Contender and Star Performer" in Everest Group's 2025 PEAK Matrix.

Financial highlights

• Q4 revenue: $313M (+14.1% YoY); full-year revenue: $1.184B (+19% YoY).

• Q4 Adjusted EBITDA: $61.4M (19.6% margin); full-year Adjusted EBITDA: $249.1M (21% margin).

• Q4 adjusted net income: $37.1M; adjusted EPS: $0.40 (+30% YoY). Full-year adjusted net income: $151.7M; adjusted EPS: $1.63.

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

• Full-year CapEx: $63.5M (5.4% of revenue); adjusted free cash flow: $89.9M (36.1% of Adjusted EBITDA).

Outlook and guidance

• 2026 revenue guidance: $1.21B–$1.24B (3.5% growth at midpoint), Adjusted EBITDA margin ~19%, and adjusted free cash flow target ~$100M.

• Q1 2026 revenue expected at $296M–$298M (+7% YoY), with 19% Adjusted EBITDA margin.

• CapEx expected to decline slightly in 2026.

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

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