TaskUs, Inc.
For the period ended Dec 31, 2025. Filed Mar 5, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 5, 2026
TASK$9.23+0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(in thousands)
| Year ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities: | |||
| Net income | $102,275 | $45,870 | $45,690 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 41,526 | 40,223 | 40,391 |
| Amortization of intangibles | 19,983 | 19,935 | 20,346 |
| Amortization of debt financing fees | 596 | 596 | 596 |
| Loss (gain) on disposal of assets | 525 | (80) | 1,322 |
| Provision (benefit) for credit losses | 1,016 | (15) | 103 |
| Unrealized foreign exchange losses (gains) on forward contracts | — | (689) | 2,485 |
| Deferred taxes | (7,473) | (10,889) | (7,959) |
| Stock-based compensation expense | 29,659 | 41,821 | 52,759 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (55,124) | (22,758) | 1,861 |
| Prepaid expenses and other current assets | 4,225 | (20,949) | (2,015) |
| Operating lease right-of-use assets | 21,050 | 16,109 | 14,314 |
| Other noncurrent assets | (1,540) | (63) | (132) |
| Accounts payable and accrued liabilities | (12,785) | 23,529 | (9,825) |
| Accrued payroll and employee-related liabilities | 10,510 | 18,251 | (7,877) |
| Operating lease liabilities | (19,613) | (17,312) | (13,823) |
| Income tax payable | 2,935 | 5,801 | 4,910 |
| Deferred revenue | (469) | (347) | 592 |
| Other noncurrent liabilities | (81) | (145) | (68) |
| Net cash provided by operating activities | 137,215 | 138,888 | 143,670 |
| Cash flows from investing activities: | |||
| Purchase of property and equipment | (63,500) | (39,104) | (30,995) |
| Investment in loan receivable | — | — | (1,000) |
| Net cash used in investing activities | (63,500) | (39,104) | (31,995) |
| Cash flows from financing activities: | |||
| Payments for deferred business acquisition consideration | (150) | (144) | (1,875) |
| Payments on long-term debt | (15,189) | (8,438) | (3,713) |
| Proceeds from employee stock plans | 8,588 | 6,261 | 631 |
| Payments for taxes related to net share settlement | (9,679) | (4,255) | (2,169) |
| Payments for stock repurchases | (27,782) | (18,600) | (111,959) |
| Net cash used in financing activities | (44,212) | (25,176) | (119,085) |
| Increase (decrease) in cash and cash equivalents | 29,503 | 74,608 | (7,410) |
| Effect of exchange rate changes on cash | (9,993) | (8,218) | (806) |
| Cash and cash equivalents at beginning of period | 192,166 | 125,776 | 133,992 |
| Cash and cash equivalents at end of period | $211,676 | $192,166 | $125,776 |
| Supplemental cash flow information: | |||
| Cash paid for interest | $17,808 | $21,094 | $21,557 |
| Cash paid for taxes, net of refunds | $35,673 | $34,200 | $31,747 |
| Noncash operating, investing and financing activities: | |||
| Accrued capital expenditures | $9,811 | $6,024 | $4,451 |
| Loan receivable exchanged for software | $— | $— | $2,182 |
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