TaskUs, Inc.: financial statements

The company paid 25.0% in tax on its profit, 4.0 points above the US federal rate (21.0%). Below, the reasons it gives.

One point is 1% of profit before tax. The lines are as the company states them in the notes to its annual report. The filing

Where the change in earnings per share came from

Diluted earnings per share went from $0.50 in the fiscal year to Dec 31, 2024 to $1.10 in the year to Dec 31, 2025, a change of +$0.60.

Measured by size, 42.0% of the movement came from outside sales and operating margin: interest and other items, the tax rate, what went to others and the share count.

Sales

+$0.15

Operating margin

+$0.21

Interest and other items

+$0.11

Tax rate

+$0.15

Share count

-$0.01

Earnings per share is split as sales times operating margin, plus interest and other items, after tax, times the part that goes to the common shareholders, divided by the diluted share count. Each source's part is its average effect over every order in which the six can change, so the parts add up exactly to the change. From the annual reports; net income over the diluted count matches the earnings per share the company filed within 2%.

Receivables and inventory against sales

In the quarter to Sep 30, 2026, sales were +5.4% on the same quarter a year earlier, and receivables +11.7%.

Days of sales in receivablesa year earlier 73 days

77 days

Balances at Sep 30, 2026 and Sep 30, 2025, against the sales and cost of sales of the quarter ending on each date; a fourth quarter is the fiscal year less its first nine months. Same quarter against same quarter, so the season is the same.

Allowance for doubtful accounts

The allowance for receivables that may not be collected was 0.4% of gross receivables at Sep 30, 2026, against 0.4% a year earlier.

Allowancea year earlier $841.0K

$1.1M

Taxes: deferred and paid

The deferred part was -21.7% of the tax charge in the year to Dec 31, 2025. The rows show the last 3 years.

Cash taxes paid were 85.2% of the current tax charge in the year to Dec 31, 2025.

Deferred share, year to Dec 31, 2025-$7.5M of $34M

-21.7%

Deferred share, year to Dec 31, 2024-$11M of $28M

-38.5%

Deferred share, year to Dec 31, 2023-$8.0M of $29M

-27.1%

Cash taxes paid against current tax$36M paid, $42M current

85.2%

When profit in the accounts runs ahead of taxable profit, the deferred part grows. It also moves for reasons unrelated to how earnings are booked: tax-law changes, the use of past losses, and the US rule since 2022 that spreads research costs over five years. Where the notes report it, the tax-rate bridge under Debt and obligations shows how the rate gets from the statutory one to the effective one.