TaskUs Full Year 2024 Earnings: EPS Misses Expectations

February 28, 2025

Simply Wall St

TaskUs (NASDAQ:TASK) Full Year 2024 Results

Key Financial Results

Revenue: US$995.0m (up 7.6% from FY 2023).
Net income: US$45.9m (flat on FY 2023).
Profit margin: 4.6% (down from 4.9% in FY 2023). The decrease in margin was driven by higher expenses.
EPS: US$0.52 (up from US$0.49 in FY 2023).

revenue-and-expenses-breakdown — NasdaqGS:TASK Revenue and Expenses Breakdown February 28th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

TaskUs EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%.

In the last 12 months, the only revenue segment was Direct Marketing contributing US$995.0m. Notably, cost of sales worth US$602.9m amounted to 61% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$239.6m (69% of total expenses). Explore how TASK's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's shares are down 1.1% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of TaskUs' balance sheet and an in-depth analysis of the company's financial position.

Valuation is complex, but we're here to simplify it.

Discover if TaskUs might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.