Table of Contents Commission file number 001-40482 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 TaskUs, Inc. FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________to______________ Indicate by check mark if the registrant is a well-known seasoned iss ...

Investor Presentation February 28, 2022 4 Disclaimer This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts, and further include, without limitation, statements reflecting our current views with respect to, among other things, our operations, our financial performance, our industry, the impact of the COVID-19 global pandemic on our business, and other n ...

TaskUs (NASDAQ:TASK) Q4 2021 Earnings Conference Call February 28, 2022 5:00 PM ET Company Participants Bryce Maddock – Co-Founder and Chief Executive Officer Balaji Sekar – Chief Financial Officer Alan Katz – Vice President of Investor Relations Conference Call Participants Maggie Nolan – William Blair James Faucette – Morgan Stanley Puneet Jain – JPMorgan David Koning – Baird Jason Kupferberg – Bank of America Merrill Lynch Brian Essex – Goldman Sachs Dan Perlin – RBC Capital Market Matt VanVliet – BTIG O ...

Investor Presentation November 2021 4 Disclaimer This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts, and further include, without limitation, statements reflecting our current views with respect to, among other things, our operations, our financial performance, our industry, the impact of the COVID-19 global pandemic on our business, and other non-h ...

[PART I. FINANCIAL INFORMATION](index=6&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Financial Statements (Unaudited)](index=6&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) Unaudited financial statements for the period ended September 30, 2021, reflect significant revenue growth but a net loss for the nine-month period, primarily due to substantial IPO-related expenses and negative operating cash flow [Unaudited Condensed Consolidated Balance Sheets](index=6&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | Sep 30, 2021 | Dec 31, 2020 | | :--- | :--- | :--- | | **Assets** | | | | Cash | $61,330 | $107,728 | | Accounts receivable, net | $157,605 | $87,782 | | Total current assets | $233,241 | $211,304 | | Total assets | $731,532 | $707,506 | | **Liabilities & Equity** | | | | Total current liabilities | $147,902 | $114,842 | | Long-term debt | $191,039 | $198,768 | | Total liabilities | $388,548 | $372,369 | | Total shareholders' equity | $342,984 | $335,137 | - Cash decreased by **$46.4 million** from year-end 2020, while Accounts Receivable increased significantly by **$69.8 million**, reflecting strong revenue growth[20](index=20&type=chunk) [Unaudited Condensed Consolidated Statements of Operations](index=7&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Operations) Statement of Operations Summary (in thousands) | Metric | Q3 2021 | Q3 2020 | 9 Months 2021 | 9 Months 2020 | | :--- | :--- | :--- | :--- | :--- | | Service revenue | $201,053 | $122,425 | $533,946 | $339,254 | | Cost of services | $112,423 | $65,378 | $304,251 | $191,296 | | SG&A expense | $60,342 | $32,190 | $269,650 | $83,630 | | Operating income (loss) | $16,129 | $16,295 | $(74,498) | $32,248 | | Net income (loss) | $11,636 | $11,456 | $(77,800) | $20,979 | - Service revenue grew **64.2% YoY** for the third quarter and **57.4%** for the nine-month period. A significant increase in Selling, General, and Administrative (SG&A) expense, primarily due to IPO-related costs, led to a net loss of **$77.8 million** for the nine months ended Sep 30, 2021[22](index=22&type=chunk)[101](index=101&type=chunk)[103](index=103&type=chunk) [Unaudited Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Cash Flow Summary (in thousands) | Cash Flow Activity | Nine months ended Sep 30, 2021 | Nine months ended Sep 30, 2020 | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $(63,426) | $45,629 | | Net cash used in investing activities | $(38,603) | $(21,886) | | Net cash provided by financing activities | $62,093 | $38,303 | - Net cash used in operating activities was **$63.4 million** for the first nine months of 2021, a significant shift from the **$45.6 million** provided in the same period of 2020. This was primarily driven by the net loss which included large one-time cash payments for phantom share bonuses related to the IPO[31](index=31&type=chunk)[193](index=193&type=chunk) - Financing activities provided **$62.1 million** in cash, mainly from the **$120.7 million** net proceeds of the IPO, offset by a **$50.0 million** dividend distribution and debt payments[31](index=31&type=chunk)[195](index=195&type=chunk) [Notes to Unaudited Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) - The company's main service offerings are Digital Customer Experience, Content Security, and AI Operations[40](index=40&type=chunk) Revenue by Service Offering (in thousands) | Service Offering | Q3 2021 | Q3 2020 | 9 Months 2021 | 9 Months 2020 | | :--- | :--- | :--- | :--- | :--- | | Digital Customer Experience | $125,310 | $76,255 | $338,587 | $212,817 | | Content Security | $45,376 | $33,787 | $124,498 | $91,401 | | AI Operations | $30,367 | $12,383 | $70,861 | $35,036 | - Upon its IPO, the company settled its phantom stock plan, recognizing an expense of **$127.5 million**, which was recorded in selling, general, and administrative expense for the nine months ended September 30, 2021[68](index=68&type=chunk) - In connection with the IPO, the company adopted the 2021 Omnibus Incentive Plan and began recognizing stock-based compensation expense. For the nine months ended Sep 30, 2021, total stock-based compensation expense was **$152.5 million**, which includes the one-time phantom stock plan settlement[71](index=71&type=chunk)[75](index=75&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=20&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management reported strong Q3 2021 revenue growth, but significant one-time IPO costs led to a nine-month GAAP net loss, despite robust non-GAAP performance and sufficient liquidity Quarterly Financial Highlights (in millions) | Metric | Q3 2021 | Q3 2020 | % Change | | :--- | :--- | :--- | :--- | | Service Revenue | $201.1 | $122.4 | 64.2% | | Net Income | $11.6 | $11.5 | 1.6% | | Adjusted Net Income | $32.8 | $22.2 | 47.5% | | Adjusted EBITDA | $48.1 | $30.1 | 59.7% | - The significant increase in Selling, General, and Administrative (SG&A) expense for the nine-month period (**222.4% YoY**) was primarily driven by one-time IPO-related costs, including **$133.7 million** for phantom share and teammate bonuses, and **$24.5 million** in stock-based compensation expense[145](index=145&type=chunk) - Client concentration remains high. For the nine months ended September 30, 2021, the top client (Facebook) accounted for **27%** of service revenue, and the second-largest client (DoorDash) accounted for **11%**[153](index=153&type=chunk) Adjusted EBITDA Reconciliation - Q3 (in thousands) | Line Item | Q3 2021 | Q3 2020 | | :--- | :--- | :--- | | Net income | $11,636 | $11,456 | | Adjustments (Taxes, Interest, D&A) | $15,422 | $12,618 | | **EBITDA** | **$27,058** | **$24,074** | | Stock-based compensation expense | $19,243 | $— | | Other adjustments | $1,799 | $5,843 | | **Adjusted EBITDA** | **$48,100** | **$30,117** | [Quantitative and Qualitative Disclosures About Market Risk](index=34&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks including foreign currency exposure from Philippine peso expenses, interest rate risk from variable-rate debt, and significant credit risk due to high client concentration in accounts receivable - **Foreign Currency Risk:** A substantial portion of expenses are in Philippine pesos. A hypothetical **10%** appreciation/depreciation of the peso against the US dollar would have impacted expenses by approximately **+$23.9 million** or **-$19.5 million**, respectively, for the nine months ended Sep 30, 2021, excluding hedges[202](index=202&type=chunk)[203](index=203&type=chunk) - **Interest Rate Risk:** Borrowings under the 2019 Credit Facilities accrue interest at LIBOR plus **2.25%**. A hypothetical **10%** change in LIBOR would have a minimal impact on annual interest expense (less than **$0.1 million**)[208](index=208&type=chunk) - **Credit Risk:** As of September 30, 2021, two clients accounted for approximately **39%** of gross accounts receivable and **38%** of service revenue for the nine-month period, indicating significant client concentration risk[209](index=209&type=chunk) [Controls and Procedures](index=35&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of September 30, 2021, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded that the company's disclosure controls and procedures were effective at a reasonable assurance level as of September 30, 2021[211](index=211&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that materially affected, or are reasonably likely to materially affect, internal controls[212](index=212&type=chunk) [PART II. OTHER INFORMATION](index=36&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Legal Proceedings](index=36&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently a party to any material legal proceedings and is not aware of any pending or threatened litigation that would have a material adverse effect on its business or financial condition - The Company is not currently a party to any material legal proceedings[215](index=215&type=chunk) [Risk Factors](index=36&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's prospectus dated October 20, 2021 - There have been no material changes to the risk factors included in the prospectus[216](index=216&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=36&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) There were no unregistered sales of equity securities or use of proceeds to report for the period - None reported[217](index=217&type=chunk) [Other Information](index=36&type=section&id=Item%205.%20Other%20Information) There is no other information to report for the period - None reported[220](index=220&type=chunk) [Exhibits](index=37&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including the company's amended and restated certificate of incorporation and bylaws, CEO and CFO certifications, and XBRL data files - Exhibits filed include Sarbanes-Oxley Act certifications by the Principal Executive Officer and Principal Financial Officer[223](index=223&type=chunk)

TaskUs, Inc. (NASDAQ:TASK) Q3 2021 Earnings Conference Call November 10, 2021 5:00 PM ET Company Participants Alan Katz – Vice President-Investor Relations Bryce Maddock – Co-Founder and Chief Executive Officer Balaji Sekar – Chief Financial Officer Conference Call Participants Matt VanVliet – BTIG Puneet Jain – JPMorgan Maggie Nolan – William Blair David Koning – Baird James Faucette – Morgan Stanley Operator Hello, and welcome to the TaskUs Third Quarter 2021 Investor Conference Call. My name is Norman an ...

Investor Presentation August 10, 2021 4 Disclaimer This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts, and further include, without limitation, statements reflecting our current views with respect to, among other things, our operations, our financial performance, our industry, the impact of the COVID-19 global pandemic on our business, and other non ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40482 TaskUs, Inc. (Exact name of registrant as specified in its charter) Delaware 83-1586636 State or other j ...

TaskUs, Inc. (NASDAQ:TASK) Q2 2021 Earnings Conference Call August 10, 2021 5:00 PM ET Company Participants Barry Hutton - MD of IR Bryce Maddock - co-Founder, CEO Balaji Sekar - CFO Conference Call Participants Jason Kupferberg - Bank of America Puneet Jain - JP Morgan Maggie Nolan - William Blair Matt VanVliet - BTIG Dave Koning - Baird James Faucette - Morgan Stanley Operator Good afternoon, and welcome to the TaskUs Second Quarter 2021 Investor Call. My name is Josh and I will be your conference facilit ...