---
schema_version: "secwatch.filing_event.v1"
accession: "0001829864-23-000100"
form_type: "8-K"
ticker: "TASK"
cik: "0001829864"
company_name: "TaskUs, Inc."
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T23:15:28.974499+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# TaskUs Q2 2023 revenue down 7% YoY to $229.2M, cuts full-year outlook

## Summary
- Q2 GAAP net income $10.1M ($0.10 diluted EPS); adjusted net income $31.8M ($0.32 adjusted EPS).
- Adjusted EBITDA $54.7M (23.8% margin); Free Cash Flow $28.7M, 52.6% conversion of EBITDA.
- Full-year revenue guidance revised to $900-910M (down ~5.8% YoY at midpoint); Q3 revenue forecast $220-222M.
- Repurchased 3.2M shares in Q2, returning $38M to shareholders; ended quarter with 47,000 teammates.
- Launched TaskGPT generative AI client pilot with MoneyLion; added new HealthTech clients.

## SEC filing metadata
- accession: 0001829864-23-000100
- form_type: 8-K
- ticker: TASK
- cik: 0001829864
- company_name: TaskUs, Inc.
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829864/000182986423000100/0001829864-23-000100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829864/000182986423000100/task-20230809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829864-23-000100
- JSON: https://secwatch.observer/filing/0001829864-23-000100.json
- Plain text: https://secwatch.observer/filing/0001829864-23-000100.txt

## Key facts
- Earnings Releases
  TaskUs, Inc. reported second quarter ended June 30, 2023 results: revenue $229.2 million, net income $10.1 million, EPS $0.10.
  - Period: second quarter ended June 30, 2023
  - Revenue: $229.2 million
  - Net income: $10.1 million
  - EPS: $0.10
  - Result: reported results
  source text: TaskUs Announces Fiscal Second Quarter 2023 Results NEW BRAUNFELS, Texas, August 9, 2023 — TaskUs, Inc. (Nasdaq: TASK), a leading provider of outsourced digital services and next-generation customer experience to the world’s most innovative companies, today announced its results for the second quarter ended June 30, 2023. • Second quarter total revenues of $229.2 million. • GAAP net income of $10.1 million , GAAP net income margin of 4.4%. • Non-GAAP Adjusted Net Income of $31.8 million , non-GAAP Adjusted Net Income margin of 13.9%. • GAAP diluted earnings per share of $0.10 , non-GAAP Adjusted EPS of $0.32.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829864/000182986423000100/0001829864-23-000100-index.htm
- Earnings Releases
  TaskUs, Inc. reported third quarter and full year 2023 results: revenue $220 to $222 million for Q3; $900 to $910 million for full year.
  - Period: third quarter and full year 2023
  - Revenue: $220 to $222 million for Q3; $900 to $910 million for full year
  - Result: guidance update
  source text: For the third quarter and full year 2023, TaskUs expects its financial results to include 1, 2 : 2023 Outlook Third Quarter Full Year Revenue (in millions) $220 to $222 $900 to $910 Revenue change (YoY) at midpoint (4.8)% (5.8)% Adjusted EBITDA Margin ~22.4% ~23.0% Free Cash Flow (excluding heloo earn-out payment) (in millions) N/A $100+
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829864/000182986423000100/0001829864-23-000100-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.