TaskUs, Inc.
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Why this colour
Yellow here stands for a business that demonstrably works and for two open questions it cannot answer on its own. What is documented: $1,183.5 million of 2025 revenue at 19 percent growth, $102.3 million of net income, $137.2 million of operating cash flow, no going-concern warning, no covenant breach, a clean audit opinion and a debt load covered more than four times by operating income. What is open: first, 26 percent of 2025 revenue hangs on a client that, per the same annual report, is investing in generative AI capable of replacing TaskUs services — and that client was already down to 24 percent in the first quarter of 2026. Second, the special dividend of March 25, 2026 halved equity from $600.0 million to $275.0 million in one quarter and more than doubled debt to $491.6 million; that is serviceable, but it removes the room to maneuver in the next weak year. On price, which explicitly does not set the traffic light: roughly five times annual earnings is little for a growing, profitable business — and the market does not demand that discount without reason, because the use of the money is decided by a side that holds 96.9 percent of the votes and has already shown how it does that. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
TaskUs is the illusion of control in its purest form: on October 8, 2025 the public shareholders stopped a buyout by Blackstone and the two co-founders at $16.50 per share, voting 10,064,296 against 840,473, with no break fee owed by either side. Four months later the same board declared a special dividend of $3.65 per share, $332.8 million in total, $200.9 million of it to the Class B side; it was paid for with a new $500.0 million term loan at 6.412 percent. Shareholders' equity fell from $600.0 million to $275.0 million. Underneath all of that works a company that grew 19 percent to $1,183.5 million in 2025 and earned $102.3 million — with one client contributing a quarter of revenue and openly planning to automate parts of that work. Not investment advice.
Business performance
Revenue rose 19 percent to $1,183.5 million in 2025 and net income more than doubled to $102.3 million, lifting the net margin from 4.6 to 8.6 percent. Operating cash flow came to $137.2 million. The first quarter of 2026 added $306.3 million of revenue (up 10 percent) and $24.3 million of profit. The growth is carried by Trust & Safety (up 24 percent) and AI Services (up 59 percent), not by the largest but slowest leg, Digital Customer Experience (up 8 percent).
Balance sheet after the special dividend
The $332.8 million payout on March 25, 2026 halved shareholders' equity in a single quarter, from $600.0 million to $275.0 million; debt rose from $241.4 million to $491.6 million and cash fell from $211.7 million to $152.3 million. It is serviceable — net debt of roughly 1.4 times adjusted EBITDA, all covenants met as of March 31, 2026 — but the cushion for a bad year is gone, and the 6.412 percent interest rate runs until 2031.
Client concentration and AI
The largest client accounted for 26 percent of 2025 revenue (2024: 22 percent) and the ten largest for 58 percent; in the first quarter of 2026 the largest client stood at 24 percent. The same annual report states that clients, expressly including the largest, are investing in generative AI that may replace TaskUs services, and that there is no assurance revenue will continue at the same level. In the short run that same AI wave pays the bills through AI Services ($214.2 million in 2025).
Control and minority rights
Blackstone and the two co-founders held roughly 96.9 percent of the voting power as of December 31, 2025 while owning roughly 60 percent of the shares, because each Class B share carries ten votes. The no vote of October 8, 2025 was only possible because the merger agreement required a separate majority of the public stockholders. The special dividend four months later needed no such hurdle. The ten-to-one voting rights expire no later than June 10, 2028.
Price tag
Across all 91,578,205 shares the company cost roughly $570 million in late July 2026 (data as of July 29, 2026) — about 0.5 times revenue and about 5 times trailing twelve-month earnings ($1,212.0 million and $105.5 million respectively). The May 2025 offer of $16.50 per share valued the whole company at roughly $1.5 billion. Six analyst firms rate the stock once buy and five times hold, with an average price target of $9.50.
Worth Noting
TaskUs reached our list through the Reddit hype scan of July 30, 2026, not through a ratio or momentum screen. At the time of writing the stock was new to our universe and appeared in none of the lists produced by our in-house stock scanner (as of July 30, 2026); those lists are recalculated daily.
Share count and market capitalization are the main source of error at this company: many data services list only the 36,545,511 publicly traded Class A shares. Both classes matter — together 91,578,205 shares per the cover page of the quarterly report as of March 31, 2026 (as of May 1, 2026). Every valuation figure in this analysis uses the total; the cross-check via price/sales, price/book and price/earnings ratios produces the same share price.
Every point-in-time figure — cash, debt, equity, interest rate, management, share count — comes from the most recent document that states it: the quarterly report 10-Q as of March 31, 2026 and the current reports 8-K through June 22, 2026. Valuation figures are dated and deliberately kept as orders of magnitude; analyses are evergreen, daily prices are not a buy argument.
Stock Watch
This analysis is as of August 26, 2026. Stock Watch will tell you what's changed at TASK since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 4.60 $ to 18.00 $ · Last price: 8.10 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
Quality & Screener
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Information Technology Services
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| TaskUs, Inc. TASK | 0.7 | 6.4 | 4.8 | 38.3 | 11.5 | 19.0 | -29.0 |
| International Business Machines IBM | 212.8 | 21.3 | 16.3 | 58.1 | 13.8 | 7.6 | -5.9 |
| Accenture plc ACN | 117.9 | 15.3 | 9.0 | 32.0 | 17.0 | 7.4 | -18.5 |
| Infosys Ltd INFY | 45.0 | 13.7 | 9.0 | 29.7 | 21.2 | 4.6 | -32.7 |
| Cognizant Technology Solutions Corporation CTSH | 29.3 | 13.1 | 7.3 | 33.4 | 15.6 | 7.0 | -9.6 |
| CDW Corp CDW | 19.1 | 17.3 | 12.4 | 21.4 | 6.6 | 6.8 | -9.0 |
| Broadridge Financial Solutions Inc BR | 19.0 | 17.6 | 12.1 | 31.8 | 18.4 | 5.9 | -31.4 |
| Fidelity National Information Services, Inc. FIS | 18.8 | 7.2 | 9.6 | 35.8 | 16.4 | 5.4 | -43.7 |
| Wipro Limited WIT | 16.6 | 12.9 | 7.4 | 29.0 | 15.7 | 4.0 | -37.3 |
| Median of companies shown | 19.1 | 13.7 | 9.0 | 32.0 | 15.7 | 6.8 | -29.0 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2018 | 254 | 40 | 32 | 0.31 | -8 | 399 | 585 |
| 2019 | 360 | 37 | 34 | 0.35 | 44 | 298 | 611 |
| 2020 | 478 | 50 | 35 | 0.35 | 59 | 335 | 708 |
| 2021 | 761 | -54 | -59 | -0.60 | -33 | 379 | 750 |
| 2022 | 960 | 84 | 40 | 0.39 | 147 | 456 | 902 |
| 2023 | 924 | 95 | 46 | 0.48 | 144 | 441 | 864 |
| 2024 | 995 | 92 | 46 | 0.50 | 139 | 497 | 953 |
| 2025 | 1,184 | 141 | 102 | 1.10 | 137 | 600 | 1,051 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q2 | 0.31 | -3.10 | 238 | 3.80 | 5.30 | 30 | 26 |
| 2024: Q3 | 0.14 | 40.00 | 255 | 13.20 | 5.00 | 17 | 6 |
| 2024: Q4 | 0.10 | -44.40 | 274 | 17.10 | 3.20 | 41 | 20 |
| 2025: Q1 | 0.23 | 76.90 | 278 | 22.10 | 7.60 | 36 | 22 |
| 2025: Q2 | 0.22 | -29.00 | 294 | 23.60 | 6.80 | 17 | 0 |
| 2025: Q3 | 0.34 | 142.90 | 299 | 17.00 | 10.50 | 54 | 42 |
| 2025: Q4 | 0.32 | 220.00 | 313 | 14.10 | 9.50 | 30 | 10 |
| 2026: Q1 | 0.26 | 13.00 | 306 | 10.30 | 7.90 | 46 | 36 |
| 2026: Q2 | 0.24 | 9.10 | 309 | 5.00 | 7.10 | 43 | 33 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 7 of our scanner strategies — each hit links to the scanner.
Backtested Scanners
Quality & Balance Sheet
- Buffett Criteria (Buffettology)
- Buffett: Owner Earnings Yield
- Pros 80%
- QARP — Quality at a Fair Price
Research
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 1.33 | 1.22 – 1.36 | 1,237 | -18.6% | 8 |
| 12/31/2027 | 1.48 | 1.36 – 1.67 | 1,316 | 11.7% | 8 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Instead of guessing what the stock is worth, we turn the question around: what free cash flow growth has to happen for today’s market value to add up? The assumptions behind it can be moved.
Today’s market value implies roughly -9.6% growth in free cash flow per year over ten years (assumptions: discount rate 10.0%, terminal growth 2.5%).
| Free cash flow (last twelve months) | $120.6M |
|---|---|
| Market cap | $711.0M |
| Free cash flow in year ten | $44.1M |
| Terminal value as a share of market value | 32.7% |
For comparison: over the past five years free cash flow grew by 19.7% per year.
It shows which assumption is built into today’s price, not whether that assumption will hold. Every assumption can be changed with the sliders; the figures move with them.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
TaskUs führt KI-Dienste als eigene Umsatzlinie: Das Segment „AI Services“ setzte 2025 laut Geschäftsbericht 214,2 Mio. US-Dollar um (+58,6 %, 18,1 % des Konzernumsatzes) und im ersten Quartal 2026 weitere 61,9 Mio. (+36,1 %) — Datenkennzeichnung, Annotation und Unterstützung großer Sprachmodelle sind das verkaufte Produkt. Nach der Vorrang-Regel schlägt „verkauft“ die ebenfalls belegte Bedrohung: Derselbe Geschäftsbericht räumt ein, dass Automatisierungsinitiativen der Kunden, ausdrücklich einschließlich des größten Kunden, Leistungen ersetzen können, die TaskUs heute erbringt.
View the full file — quotes, sources, reviewed filings
„AI Services : Principally consists of large language model support and high-quality data labeling services, annotation, context relevance and transcription services performed for the purpose of training and tuning machine learning algorithms, enabling them to develop cutting-edge AI systems."
KI-Dienste: Bestehen im Wesentlichen aus der Unterstützung großer Sprachmodelle sowie hochwertiger Datenkennzeichnung, Annotation, Kontextrelevanz und Transkription, erbracht zum Zweck des Trainings und der Feinabstimmung von Algorithmen des maschinellen Lernens, damit diese hochmoderne KI-Systeme entwickeln können.
10-Q · 2026-05-07 · View SEC filing
„With over a decade of experience, we specialize in helping clients deploy and maintain sophisticated AI solutions."
Mit über einem Jahrzehnt Erfahrung sind wir darauf spezialisiert, Kunden beim Einsatz und beim Betrieb anspruchsvoller KI-Lösungen zu unterstützen.
10-K · 2026-03-05 · View SEC filing
„Certain of our clients, including our largest client, have announced automation initiatives which include significant investments in generative AI. In some cases, TaskUs is supporting these initiatives, which may lead to revenue growth in the near term but may ultimately result in the automation of some services that TaskUs currently provides for these clients."
Einige unserer Kunden, darunter unser größter Kunde, haben Automatisierungsvorhaben angekündigt, die erhebliche Investitionen in generative KI umfassen. In manchen Fällen unterstützt TaskUs diese Vorhaben, was kurzfristig zu Umsatzwachstum führen kann, letztlich aber dazu führen könnte, dass einige Leistungen automatisiert werden, die TaskUs heute für diese Kunden erbringt.
10-K · 2026-03-05 · View SEC filing
„We provide a suite of in-house tools, packaged as TaskGPT, harnessing the power of generative AI to streamline our work for maximum efficiency."
Wir stellen eine Reihe hauseigener Werkzeuge bereit, gebündelt als TaskGPT, die die Kraft generativer KI nutzen, um unsere Arbeit auf maximale Effizienz zu trimmen.
10-K · 2026-03-05 · View SEC filing
Filings Reviewed: 10-Q 2026-05-07 · 10-K 2026-03-05 · 10-Q 2025-11-07 · 10-Q 2025-08-07 · 10-Q 2025-05-12 · 10-K 2025-03-06
Rated on July 30, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 7.2%
- More than 10% revenue growth is expected for the coming year -74.1%
- Share count grows by less than 3% a year -3.3%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 25.2%
- Gross margin at 40% or higher and without meaningful erosion 32.6%
- Goodwill from acquisitions does not grow faster than revenue 20.9%
- Net debt below twice EBITDA 0.4 x EBITDA
- Operating cash flow covers the profits of the last three years 226 m
- Return on capital at 15% or higher, or up versus two years ago 15.9%
- Insiders hold at least 10% or are net buyers 23.0%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
8/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 24.6%
- Exp. sales growth 3Y > 5% 5.4%
- EBIT growth 10Y > 5% 19.7%
- Exp. EBIT growth 3Y > 5% 15.9%
- Net debt < 4x EBIT 0.6x
- EBIT positive, 10Y straight 7
- Max. EBIT decline < 50% 100.0%
- Return on equity > 15% 45.1%
- ROCE > 15% 15.9%
- Expected return > 10% 28.0%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
The company
About the Company
TaskUs, Inc. provides outsourced digital services for companies in Philippines, the United States, India, and internationally. The company offers digital customer experience that consists of omni-channel customer care services primarily delivered through non-voice digital channels; and other solutions, including learning experience, new product or market launches, and sales and customer acquisition solutions. It also provides trust and safety solutions, such as monitoring, reviewing and managing user and advertiser-generated content on online platforms to ensure it complies with community guidelines, legal regulations, platform specific policies, risk management, compliance, identity management and fraud; and artificial intelligence (AI) solutions that consist of data labeling, annotation, context relevance, and transcription services for training and tuning machine learning algorithms that enables to develop AI systems. It serves clients in various industry segments comprising social media, e-commerce, gaming, streaming media, food delivery and ride sharing, technology, financial services, and healthcare. The company was formerly known as TU TopCo, Inc. and changed its name to TaskUs, Inc. in December 2020. TaskUs, Inc. was founded in 2008 and is headquartered in New Braunfels, Texas.
- Employees
- 65,500
- Headquarters
- New Braunfels, TX
- Address
- 1650 Independence Drive, 78132 New Braunfels, United States
- Phone
- 888 400 8275
- Website
- taskus.com
- IPO Date
- 06/11/2021
- ISIN
- US87652V1098
Management
| Name | Title | Birth Year |
|---|---|---|
| Bryce Maddock | Co-Founder, CEO & Chairman | 1987 |
| Stephan Daoust | Chief Operating Officer | 1976 |
| Jarrod Johnson | Chief Customer Officer | 1978 |
| Jaspar Weir | Co-Founder, President & Director | 1986 |
| Rishabh Khemka | Chief Financial Officer | 1983 |
| Garrett Gold | Principal Accounting Officer | – |
| Trent Thrash | Senior VP of Corporate Development, Treasury & Interim Head of Investor Relations | 1975 |
| Claudia Franco Walsh J.D. | General Counsel & Corporate Secretary | 1977 |
| Charley Lemaster | Senior Vice President of Sales | – |
| Snow Burns | Chief Marketing Officer | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 08/05/2026 TaskUs, Inc. (TASK): Results of Operations and Financial Condition; Financial Statements and Exhibits SEC ↗
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.