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TaskUs ™ Investor Presentation August 5 , 2026 TAXI
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INVESTOR PRESENTATION2 Forward-Looking Statements 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 macroeconomic environment on our business, and other non-historical statements including the statements in the “2026 Outlook” section of this presentation. In some cases, you can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “would,” “seeks,” “predicts,” “intends,” “trends,” “plans,” “estimates,” “anticipates,” “position us” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors include but are not limited to: the dependence of our business on key clients; the risk of loss of business or non-payment from clients; our failure to cost-effectively acquire new clients; the risk that we may provide inadequate service or cause disruptions in our clients’ businesses or fail to comply with the quality standards required by our clients under our agreements; our inability to anticipate clients’ needs by adapting to market and technology trends; increased adoption and utilization of artificial intelligence (“AI”), including Generative AI and Agentic AI, by our clients or by us, or our failure to appropriately incorporate AI into our operations; unauthorized or improper disclosure of personal or other sensitive information, or security breaches and incidents whether inadvertent or purposeful, including as a result of a cyber-attack; negative publicity or liability or difficulty recruiting and retaining employees; our failure to detect and deter criminal or fraudulent activities or other misconduct by our employees or third parties; global economic and political conditions, especially in the social media and meal delivery and transport industries from which we generate significant revenue; our indebtedness and debt service obligations following the March 2026 refinancing; the dependence of our business on our international operations, particularly in the Philippines and India; our failure to comply with applicable data privacy and security laws and regulations; fluctuations against the U.S. dollar in the local currencies in the countries in which we operate; our inability to maintain and enhance our brand; competitive pricing pressure; volatile, unfavorable or uncertain economic or political conditions, particularly in the markets in which our clients and operations are concentrated, and the effects of these conditions on our clients’ businesses; our dependence on senior management and key employees; increases in employee expenses and changes to labor laws; failure to attract, hire, train and retain a sufficient number of skilled employees to support operations; our inability to effectively expand our operations into countries or industries in which we have no prior operating experience and in which we may be subject to increased business, economic and regulatory risks; reliance on owned and third-party technology and computer systems; failure to maintain asset utilization levels, price appropriately and control costs; the control of affiliates of Blackstone Inc. and our Co-Founders over us; the dual class structure of our common stock; and the volatility of the market price of our Class A common stock. Additional risks and uncertainties include but are not limited to those described under “Risk Factors” in the TaskUs, Inc. (“TaskUs” or the “Company”) Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission (the “SEC”) on March 5, 2026, as such factors may be updated from time to time in our filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Company’s SEC filings. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. The Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. Non-GAAP Financial Measures TaskUs supplements results reported in accordance with United States generally accepted accounting principles (“GAAP”), with non-GAAP financial measures, such as Adjusted Net Income, Adjusted Net Income Margin, Adjusted Earnings Per Share, EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow, Adjusted Free Cash Flow, Conversion of Adjusted EBITDA to Free Cash Flow and Conversion of Adjusted EBITDA to Adjusted Free Cash Flow. Management believes these measures help illustrate underlying trends in TaskUs’ business and uses the measures to establish budgets and operational goals, communicate internally and externally, and manage TaskUs’ business and evaluate its performance. Management also believes that certain of these measures help investors compare TaskUs’ operating performance with its results in prior periods or assess liquidity. TaskUs anticipates that it will continue to report both GAAP and certain non-GAAP financial measures in its financial results, including non-GAAP results that exclude the impact of certain costs, losses and gains that are required to be included in our profit and loss measures under GAAP. Because TaskUs’ reported non-GAAP financial measures are not calculated in accordance with GAAP, these measures are not a substitute for the most directly comparable GAAP measure and may not be comparable to similarly titled measures used by other companies. Consequently, TaskUs’ non-GAAP financial measures should not be evaluated in isolation or supplant comparable GAAP measures, but rather, should be considered together with the information in TaskUs’ consolidated financial statements, which are prepared in accordance with GAAP. Definitions of non-GAAP financial measures and the reconciliations to the most directly comparable measures in accordance with GAAP are provided in subsequent sections of this presentation narrative and supplemental schedules. With respect to any forward-looking non-GAAP financial measures included in this presentation, TaskUs does not provide a reconciliation of such measures to the most directly comparable GAAP financial measures on a forward-looking basis because the information needed to do so is dependent on future events, many of which TaskUs is unable to control or predict without unreasonable efforts. The unavailable information could be significant to TaskUs’ future GAAP financial results. Disclaimers
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INVESTOR PRESENTATION3 OUR VISION OUR SOLUTIONS OUR RESUL TS Outsourcing reimagined for the innovation age Digital Customer Experience Trust & Safety AI Services +$5mm Increase in the midpoint of our full-year revenue and Adj FCF1 guidance 5.0% Year-over-Year Q2 2026 Rev. Growth 6.4% YoY DCX Revenue Growth in Q2 18.7% Adj. EBITDA Margin1 Q2 2026 ~15% YoY growth excluding our largest client $309mm Q2 2026 Revenue $57.7mm Q2 2026 Adj. EBITDA1 1 See appendix for reconciliation to most comparable GAAP measure 25.8% YoY AI Services Revenue Growth in Q2 TaskUs
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INVESTOR PRESENTATION 4 18.7% Q2 2026 Adj EBITDA Margin1 1 See appendix for reconciliation to most comparable GAAP measure $200 $225 $250 $275 Quarterly Revenue & YoY Growth (in millions) $300 $294 2025 $278 Q1 ‘25 +22% Highlights ● Delivered quarterly revenue of ~$309 million (5% YoY growth) and strong Adjusted EBITDA1 of ~$57.7 million (18.7% margin) in Q2 versus 18.0% guidance ● Raised the midpoint of our full year revenue and Adjusted Free Cash Flow1 guidance by $5 million ● AIS was our fastest growing service line for the sixth consecutive quarter at ~25.8% YoY growth ● DCX again delivered resilient YoY growth of 6.4% in Q2, an acceleration versus Q1’s 5.4% growth ● Excluding our top client, YoY growth from all other clients was robust, accelerating to ~15%, fueled by strong growth from clients two through twenty of nearly 30% ● Strong Q2 revenue growth and demand from Autonomous Vehicle, Autonomous Delivery, Robotics, and foundational model technology clients ● Strong generation of $36.4 million in Adjusted Free Cash Flow1 and a Net Debt to Adjusted EBITDA1 ratio of less than 1.3 times +24% $299 +17% Q2 ‘25 Q3 ‘25 Profitable Performance in Q2 2026 $313 +14% Q4 ‘25 $325 $350 $306 +10% Q1 ‘26 2026 $309 +5% Q2 ‘26
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Service Offerings 01
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INVESTOR PRESENTATION6 Q2 key client wins ● DCX: signed new multi-million contracts and statements of work expansions to provide 1) Sales & Lead generation solutions to a leading provider of satellite-based internet services, 2) onshore customer support to one of the world’s largest healthcare payers, and 3) Sales & Lead generation services from our site in Egypt to global leader in meal-kit and direct-to-consumer food delivery. ● Trust & Safety (incl. Financial Crime & Compliance): signed 1) a contract with an app-based provider of dating safety solutions to women to provide content moderation services, and 2) a multi-country statement of work with a leading foundational model developer to provide content moderation, fraud, and AI Safety solutions. ● AI Services: signed multiple contracts and statements of work to 1) provide training solutions and remote operations to multiple developers of robotic and autonomous delivery technologies, 2) support a leading developer of robotaxis’ multi-city expansion, and 3) provide AI content moderation training solutions to one of the world’s leading social media companies. Q2 highlights ~63,200 Headcount as of June 30, 2026 -1.9% Headcount decrease since March 31, 2026 Emerging growth opportunities in AI Services for Autonomous Vehicles & Robotics Broad demand across our vertical markets Strong Demand for our Specialized Services in Q2 2026
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INVESTOR PRESENTATION Ireland - WFH Expanding Our Global Footprint 30 sites and a fully-functional, scaled work at home solution across 14 countries Work@Home Croatia - 1 site Greece - 2 sites Egypt - 1 site India - 5 sites Malaysia - 1 site Taiwan - 1 site Japan - WFH Philippines - 11 sites USA - 1 site Mexico - 2 sites Colombia - 5 sites Serbia - WFH 7 Our Headcount as of June 30, 2026 ~63,200 United Kingdom - WFH
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INVESTOR PRESENTATION 8 Digital Customer Experience 25% Trust & Safety 20% AI Services Note: Percentages based on revenue contribution during the twelve months ended June 30, 2026. 55% Digital Offerings Powered by Differentiated Technology Solutions
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INVESTOR PRESENTATION 9 Ever-increasing user expectations and competition necessitate world class customer care. Founded on innovation and a people-first culture, TaskUs delivers excellent CX support consistently for the world’s leading brands. The digital nature of the support we provide allows us to automate a greater portion of these interactions using proprietary AI-powered tools like TaskGPT, support multiple interactions concurrently, and use teammates based in higher margin, offshore markets. We focus on complex interactions across the customer experience lifecycle - from sales and customer acquisition solutions to multi-sided marketplace management and order fulfillment to complex technical support - we solve our client’s most critical challenges, all while enabling business process, product, and workflow improvements. 55% TTM 6/26 Revenue $681mm Omni-Channel Care Technical Support New Product or Market Launches Sales & Customer Success Learning Experience Services Consulting Services SOLUTIONS Digital Customer Experience
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INVESTOR PRESENTATION 10 Content Moderation User generated content is growing at an exponential rate. Wherever content is created by users, platforms must review and enforce policy guidelines to protect their communities. Today, TaskUs teammates review content posted by users and advertisers across these social networks as well as dating apps, job sites, and marketplaces. Financial Crime & Compliance TaskUs solves for two growing problems faced by tech disruptors: the reputational risks posed by new forms of online fraud and financial crime and the cost of complying with increasing regulatory complexity. TaskUs Financial Crime + Compliance supports clients processes including chargebacks and disputes, anti-money laundering, transaction monitoring, digital identity verification, know your customer, sanctions screening, anti-fraud, and negative social media monitoring. 25% TTM 6/26 Revenue $302mm SOLUTIONS AI Safety & Policy development FinCrime & compliance Resiliency studio Tools & innovation Fighting fraud Digital identity Trust & Safety
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INVESTOR PRESENTATION 11 In our Al Services service line, our teammates collect, annotate, and evaluate data to create the raw materials that artificial intelligence solutions, such as autonomous vehicles, robotics, large language models and multimodal generative Al, are built on. Nearly every Al application being built today requires these human-in-the-loop services that we offer through our professional annotators and gig workers from our TaskVerse platform. We also provide expert response writing, ranking and scoring, prompt review, and adversarial testing for our GenAl clients. We leverage technology, automation, and advanced instructional design and QA processes to optimize results for our clients. 20% TTM 6/26 Revenue $244mm Autonomous vehicles Generative AI Object identification & classification Advanced robotics Optical character recognition compliance tracking Speech to text & contextual annotation SOLUTIONS Independent Contractor No time commitment AI Services Workforce Spectrum Freelancer Crowd Dedicated Part-time In-center and Work from Home FTE High Complexity, Security High Flexibility, Scalability AI Services
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Why We Win & Growth Strategies 02
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INVESTOR PRESENTATION13 Expertise Culture Speed Specialization not scale. We specialize in the unique innovative industry segments of our clients. We identify emerging demand for specialized services and build teams of experts, processes, and tools for each segment. Our mantra is “Frontline First.” We have built a culture that feels much more like our tech clients than the service providers we compete with. Our clients are growing exponentially. So we are agile, flexible, and responsive. We believe in low bureaucracy operations in which the team is empowered to deliver for clients. Why We Win
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INVESTOR PRESENTATION14 Target markets Social Media Retail & eCommerce Entertainment & Gaming Streaming Media Mobility, Logistics & Travel Technology & Generative AI Autonomous Vehicles & Robotics Insurance Financial Services Healthcare Client highlights ● ~200 global clients ● 4 of the world’s leading LLM developers ● #1 audio and #1 video subscription platforms ● 4 out of 5 of the world’s largest social platforms ● 3 of the top 4 on-demand delivery platforms ● World’s largest healthcare company ● 5 leading brands in AV & Robotics Note: Client highlights as of year end 2025 Expertise: Focused on the World’s Most Innovative Companies
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INVESTOR PRESENTATION15 Maestro Agentic AI Implementing AI agents to autonomously resolve contacts by understanding context and taking action AI for Teammates Deploying AI to support our Teammates in serving our clients and building custom solutions for clients AI for Internal Automation Using AI for TaskUs’ back office processes - recruiting, WFM, QA, BIDS, employee HR support Consultative Capabilities for Systems & Data Integration Pillars of our DCX Strategy for the AI Era
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INVESTOR PRESENTATION16 Adversarial Red Teaming Rigorous stress-testing to identify vulnerabilities and prevent high-risk policy violations. Guardrail & Policy Design Building robust frameworks to mitigate bias, toxicity, and large-scale misinformation. Human-Centric Alignment Expert RLHF and verification to ensure model grounding and safe, accurate completions. High-Fidelity Training Data Powering physical AI with 3D sensor fusion and egocentric human activity capture. Real-Time Remote Assistance Expert human-in-the-loop interventions to navigate complex edge cases and protect assets. Holistic Operator Resilience Predictive fatigue management and 24/7 clinical support for high-stakes safety. Hybrid Ecosystem Management Blending AI agents with human expertise to resolve complex customer issues. Intelligent Front-Line Resolution Instantly resolving high-volume, routine tasks across digital and voice channels to eliminate wait times. Proactive CX Transformation Identifying cross-sell opportunities and surfacing insights to turn cost centers into value centers. Advanced AI Safety AV, AD & Robotics Agentic CX Companies Building the Future need New Types of Services
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INVESTOR PRESENTATION17 01 02 Focus on the Complex We are expanding our Specialized Services by moving up the value chain into services and industries that are AI-resistant or where we can displace incumbent providers who are slow or unwilling to embrace AI-centric solutions. We are combining innovative technology partnerships with our talented teammates to grow our most complex solutions. 03 04 Diversify our Client Base and Verticals We are deepening our expertise and expanding our reach with enterprise clients in regulated industries such as Financial Services and Healthcare, all while maintaining our leadership servicing the world’s high-growth technology brands. Here we are investing in sales, operational, technology, and client service talent. Reimagine our Business for the AI Era We are positioning TaskUs to be an AI-Winner by investing in services focused on developers of GenAI and foundation model technologies. We are launching an AI consulting practice to partner with leading agentic AI companies. We will automate customer interactions and leverage our workflow expertise to facilitate the product integration and model training required to realize the promise of these technologies across disparate client platforms. By reselling, implementing, and maintaining these tools we will create an enduring revenue stream. Take Share From Competitors We see meaningful opportunities to take market share from competitors through operational excellence and the use of AI tools to drive efficiencies into our operations and back-office processes. We are playing offense in order to capture a larger share of demand for specialized services not by being the cheapest, but by being the best. Focused Growth Levers for 2026
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INVESTOR PRESENTATION18 45% New Clients Won (#) 2025 Total Win Rate ($ basis) as %1 20252023 > $10M Clients2 1 Total Win Rate included opportunities from both New and Existing Clients 2 Based on revenue contribution 2024 2023 2024 39 47 2023 2024 21 17 2025 17 40% 50% 55% 60% 56% 47% Strong Track Record of Sales Wins Across New and Existing Clients 34 53%
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Financial Performance 03
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INVESTOR PRESENTATION20 Revenue by service line (%) ● Digital Customer Experience ● Trust + Safety ● AI Services Revenue by delivery geography (%) ● Philippines ● United States ● India ● Rest of world $1,227mm $924mm $995mm $1,227mm $924mm $995mm $1,184mm Specialized Services Revenue Profile $1,184mm
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INVESTOR PRESENTATION21 Adjusted EBITDA1 Margin (%)1 Margin (%)1 Adjusted Net Income1 USD Million 2023 23.9% 2023 $127 13.7% Adjusted Net Income1 Adjusted EBITDA1 2024 21.1% 2024 $119 11.9% $249 2025 2025 $152 12.8% 21.0% Attractive Profitability and Margin Profile 1 See appendix for reconciliation to most comparable GAAP measure $210$221 TTM 6/26 $241 19.7% TTM 6/26 $139 11.4%
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INVESTOR PRESENTATION22 2023 $131 Adjusted Free Cash Flow1 2024 $107 Adjusted EBITDA Conversion %1 2023 2024 0.3 Net Debt to Adjusted EBITDA1 Leverage Ratio 2025 0.1 2025 59.3% 51.2% 36.1% $90 Attractive Cash Flow Profile1 1 See appendix for reconciliation to most comparable GAAP measure 0.6 TTM 6/26 TTM 6/262 1.3 $140 57.9% 2 Reflects the impact of our Q1 2026 refinancing and one-time, $3.65 per share dividend.
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INVESTOR PRESENTATION23 Increasingly diversified revenue base Consistent track record of profitability Significant operating leverage Strong free cash flow Investing for an AI-led future $1.184 billion Revenue +19.0% Revenue Increase YoY 21.0% Adj. EBITDA Margin1 CY 2025 1 See appendix for reconciliation to most comparable GAAP measure Financial Highlights Revenue +5.0% Revenue Increase YoY 18.7% Adj. EBITDA Margin1 Q2 2026 $309 million
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INVESTOR PRESENTATION Q3 Full Year Revenue $300 to $302 $1,220 to $1,240 Change in midpoint versus prior guidance N/A +$5 or ~0.4% Revenue growth (YoY) at midpoint 0.8% 3.9% Adjusted EBITDA Margin1 ~18.7% ~19.0% Adjusted Free Cash Flow2 N/A $110 to $120 Change in midpoint versus prior guidance N/A +5 or ~5% Three months ended March 31, Year ended December 31, 24 2026 Outlook1, 2 1 Financial outlook provided as of August 5, 2026 as part of TaskUs’ Q2 2026 earnings call. With respect to the non-GAAP Adjusted EBITDA margin outlook provided above, a reconciliation to the closest GAAP financial measure has not been provided as the quantification of certain items included in the calculation of GAAP net income (loss) cannot be calculated or predicted at this time without unreasonable efforts. For example, the non-GAAP adjustment for stock-based compensation expense requires additional inputs such as number of shares granted and market price that are not currently ascertainable, and the non-GAAP adjustment for foreign currency gains or losses depends on the timing and magnitude of changes in foreign currency exchange rates and cannot be accurately forecasted. For the same reasons, the Company is unable to address the probable significance of the unavailable information, which could have a potentially unpredictable, and potentially significant, impact on its future GAAP financial results. 2 Adjusted Free Cash Flow is calculated as net cash provided by operating activities in the period minus cash used for purchase of property and equipment in the period, excluding certain non-recurring adjustments. At the midpoint of our guidance, net cash provided by operating activities for the full year 2026 is expected to be approximately $162 million and purchase of property and equipment is expected to be approximately $47 million. Our Adjusted Free Cash Flow guidance and expected net cash provided by operating activities excludes the impact of certain costs, which are non-recurring and outside the ordinary course of business, due to the unpredictability of the costs and timing of payments. USD Millions 2026 Outlook
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Appendix04
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INVESTOR PRESENTATION Year ended December 31, 2025 2026 2025 2026 Net income $ 20,047 $ 21,969 $ 41,195 $ 46,301 Provision for income taxes 7,007 7,540 15,607 19,474 Financing expenses 4,635 8,835 9,298 14,103 Depreciation 9,867 11,594 19,870 22,623 Amortization of intangible assets 4,997 5,004 9,973 10,010 EBITDA $ 46,553 $ 54,942 $ 95,943 $ 112,511 Transaction costs 10,164 - 10,164 1,146 Operational efficiency costs 924 - 1,227 - Foreign currency losses (gains) 139 (3,854) 1,449 (9,457) Loss (gain) on disposal of assets (114) 2,600 (144) 2,549 Severance costs 156 943 835 1,015 Stock-based compensation expense 8,428 3,787 17,646 10,710 Interest income (1,298) (749) (2,896) (2,245) Adjusted EBITDA $ 64,952 $ 57,669 $ 124,224 $ 116,229 Net Income Margin 6.8% 7.1% 7.2% 7.5% Adjusted EBITDA Margin 22.1% 18.7% 21.7% 18.9% 26 Three months ended June 30, USD Thousand Non-GAAP Reconciliations Adjusted EBITDA Six months ended June 30,
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INVESTOR PRESENTATION 2025 2026 2025 2026 Net income $ 20,047 $ 21,969 $ 41,195 $ 46,301 Amortization of intangible assets 4,997 5,004 9,973 10,010 Transaction costs 10,164 - 10,164 1,146 Operational efficiency costs 924 - 1,227 - Foreign currency losses (gains) 139 (3,854) 1,449 (9,457) Loss (gain) on disposal of assets (114) 2,600 (144) 2,549 Severance costs 156 943 835 1,015 Stock-based compensation expense 8,428 3,787 17,646 10,710 Tax impacts of adjustments (5,044) 182 (6,710) 1,111 Adjusted Net Income $ 39,697 $ 30,631 $ 75,635 $ 63,385 Net Income Margin 6.8% 7.1% 7.2% 7.5% Adjusted Net Income Margin 13.5% 9.9% 13.2% 10.3% Year ended December 31, USD Thousand 27 Three months ended June 30, Non-GAAP Reconciliations Adjusted Net Income Six months ended June 30,
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INVESTOR PRESENTATION 2025 2026 2025 2026 GAAP diluted EPS $ 0.22 $ 0.24 $ 0.44 $ 0.50 Per share adjustments to net income 0.21 0.09 0.37 0.18 Adjusted EPS $ 0.43 $ 0.33 $ 0.81 $ 0.68 Weighted-average common stock outstanding - Diluted 92,576,805 92,495,764 93,116,173 92,794,883 Three months ended March 31, Year ended December 31, 28 Three months ended June 30, Non-GAAP Reconciliations Adjusted earnings per share Six months ended June 30,
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INVESTOR PRESENTATION 2025 2026 2025 2026 Adjusted EBITDA $ 64,952 $ 57,669 $ 124,224 $ 116,229 Net cash provided by operating activities $ 17,009 $ 43,108 $ 53,285 $ 89,412 Purchase of property and equipment (16,971) (10,502) (31,451) (20,707) Free Cash Flow $ 38 $ 32,606 $ 21,834 $ 68,705 Payment for transaction costs 2,547 383 2,547 6,357 Payment for liability stock-based compensation awards - 3,451 - 3,451 Payment for litigation costs 2,706 - 3,348 - Payment for operational efficiency costs 1,227 - 1,227 137 Adjusted Free Cash Flow $ 6,518 $ 36,440 $ 28,956 $78,650 Conversion of Adjusted EBITDA to Free Cash Flow 0.1% 56.5% 17.6% 59.1% Conversion of Adjusted EBITDA to Adjusted Free Cash Flow 10.0% 63.2% 23.3% 67.7% Three months ended March 31, Year ended December 31, 29 Three months ended June 30, USD Thousand Non-GAAP Reconciliations Free Cash Flow and Adjusted Free Cash Flow Six months ended June 30,
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INVESTOR PRESENTATION 2025 2025 2026 2026 Revenue by Service Offering Digital Customer Experience $ 324,944 $ 661,899 $ 344,181 $ 681,136 Trust and Safety 148,911 307,430 142,896 301,415 AI Services 98,023 214,218 128,044 244,239 Service revenue $ 571,878 $ 1,183,547 $ 615,121 $ 1,226,790 Revenue by Geographical Location Philippines $ 311,908 $ 638,042 $ 317,023 $ 643,157 United States 65,614 132,058 88,316 154,760 India 72,507 153,766 78,005 159,264 Rest of World 121,849 259,681 131,777 269,609 Service revenue $ 571,878 $ 1,183,547 $ 615,121 $ 1,226,790 USD Thousand 30 Six months ended June 30, Year ended December 31, Six months ended June 30, TTM Q2’26 Revenue Reconciliation Revenue Trailing Twelve Month (TTM) Data
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INVESTOR PRESENTATION 2025 2025 2026 2026 Service Revenue $ 571,878 $ 1,183,547 $ 615,121 $ 1,226,790 Net income $ 41,195 $ 102,275 $ 46,301 $ 107,381 Provision for income taxes 15,607 34,399 19,474 38,266 Financing expenses 9,298 18,385 14,103 23,190 Depreciation 19,870 41,164 22,623 43,917 Amortization of intangible assets 9,973 19,983 10,010 20,020 EBITDA $ 95,943 $ 216,206 $ 112,511 $ 232,774 Transaction costs 10,164 11,899 1,146 2,881 Operational efficiency costs 1,227 2,383 - 1,156 Foreign currency losses (gains) 1,449 (8,029) (9,457) (18,935) Loss (gain) on disposal of assets (144) 525 2,549 3,218 Severance costs 835 1,515 1,015 1,695 Stock-based compensation expense 17,646 30,404 10,710 23,468 Interest income (2,896) (5,829) (2,245) (5,178) Adjusted EBITDA $ 124,224 $ 249,074 $ 116,229 $ 241,079 Net Income Margin 7.2% 8.6% 7.5% 8.8% Adjusted EBITDA Margin 21.7% 21.0% 18.9% 19.7% 31 USD Thousand Six months ended June 30, Year ended December 31, Six months ended June 30, TTM Q2’26 Non-GAAP Reconciliation Adjusted EBITDA Trailing Twelve Month (TTM) Data
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INVESTOR PRESENTATION 2025 2025 2026 2026 Service revenue $ 571,878 $ 1,183,547 $ 615,121 $ 1,226,790 Net income $ 41,195 $ 102,275 $ 46,301 $ 107,381 Amortization of intangible assets 9,973 19,983 10,010 20,020 Transaction costs 10,164 11,899 1,146 2,881 Operational efficiency costs 1,227 2,383 - 1,156 Foreign currency losses (gains) 1,449 (8,029) (9,457) (18,935) Loss (gain) on disposal of assets (144) 525 2,549 3,218 Severance costs 835 1,515 1,015 1,695 Stock-based compensation expense 17,646 30,404 10,710 23,468 Tax impacts of adjustments (6,710) (9,246) 1,111 (1,425) Adjusted Net Income $ 75,635 $ 151,709 $ 63,385 $ 139,459 Net Income Margin 7.2% 8.6% 7.5% 8.8% Adjusted Net Income Margin 13.2% 12.8% 10.3% 11.4% 32 USD Thousand Six months ended June 30, Year ended December 31, Six months ended June 30, TTM Q2’26 Non-GAAP Reconciliation Adjusted Net Income Trailing Twelve Month (TTM) Data
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INVESTOR PRESENTATION 2025 2025 2026 2026 Adjusted EBITDA $ 124,224 $ 249,074 $ 116,229 $ 241,079 Net cash provided by operating activities $ 53,285 $ 137,215 $ 89,412 $ 173,342 Purchase of property and equipment (31,451) (63,500) (20,707) (52,756) Free Cash Flow $ 21,834 $ 73,715 $ 68,705 $ 120,586 Payment for transaction costs 2,547 6,046 6,357 9,856 Payment for liability stock-based compensation awards - 3,451 3,451 Payment for litigation costs 3,348 7,850 - 4,502 Payment for operational efficiency costs 1,227 2,246 137 1,156 Adjusted Free Cash Flow $ 28,956 $ 89,857 $78,650 $ 139,551 Conversion of Adjusted EBITDA to Free Cash Flow 17.6% 29.6% 59.1% 50.0% Conversion of Adjusted EBITDA to Adjusted Free Cash Flow 23.3% 36.1% 67.7% 57.9% USD Thousand 33 Six months ended June 30, Year ended December 31, Six months ended June 30, TTM Q2’26 Free Cash Flow and Adjusted Free Cash Flow Reconciliation Trailing Twelve Month (TTM) Data
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INVESTOR PRESENTATION 2023 2024 2025 Net Income $ 45,690 $ 45,870 $ 102,275 Provision for income taxes 29,342 28,311 34,399 Financing expenses 21,717 21,549 18,385 Depreciation 40,391 40,223 41,164 Amortization of intangible assets 20,346 19,935 19,983 EBITDA $ 157,486 $ 155,888 $ 216,206 Transaction costs 245 - 11,899 Earn-out consideration 7,863 - - Operational efficiency costs - - 2,383 Foreign currency losses (gains) 431 1,302 (8,029) Loss (gain) on disposal of assets 1,322 (80) 525 Severance costs 1,852 487 1,515 Litigation costs - 15,423 - Stock-based compensation expense 53,179 42,391 30,404 Interest income (1,581) (5,544) (5,829) Adjusted EBITDA $ 220,797 $ 209,867 $ 249,074 Net Income Margin 4.9% 4.6% 8.6% Adjusted EBITDA Margin 23.9% 21.1% 21.0% USD Thousand Year ended December 31, 34 Reconciliations of Adjusted EBITDA
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INVESTOR PRESENTATION USD Thousand 2023 2024 2025 Net Income $ 45,690 $ 45,870 $ 102,275 Amortization of intangible assets 20,346 19,935 19,983 Transaction costs 245 - 11,899 Earn-out consideration 7,863 - - Operational efficiency costs - - 2,383 Foreign currency losses (gains) 431 1,302 (8,029) Loss (gain) on disposal of assets 1,322 (80) 525 Severance costs 1,852 487 1,515 Litigation costs - 15,423 - Stock-based compensation expense 53,179 42,391 30,404 Tax impacts of adjustments (4,386) (6,644) (9,246) Adjusted Net Income $ 126,542 $ 118,684 $ 151,709 Net Income Margin 4.9% 4.6% 8.6% Adjusted Net Income Margin 13.7% 11.9% 12.8% Year ended December 31, 35 Reconciliations of Adjusted Net Income
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INVESTOR PRESENTATION USD Thousand 2023 2024 2025 Adjusted EBITDA $ 220,797 $ 209,867 $ 249,074 Net cash provided by operating activities $ 143,670 $ 138,888 $ 137,215 Purchase of property and equipment (30,995) (39,104) (63,500) Free Cash Flow $ 112,675 $ 99,784 $ 73,715 Payment for earn-out consideration 18,341 - - Payment for transaction costs - - 6,046 Payment for litigation costs - 7,573 7,850 Payment for operational efficiency costs - 2,246 Adjusted Free Cash Flow $ 131,016 $ 107,357 $ 89,857 Conversion of Adjusted EBITDA to Free Cash Flow 51.0% 47.5% 29.6% Conversion of Adjusted EBITDA to Adjusted Free Cash Flow 59.3% 51.2% 36.1% Year ended December 31, 36 Reconciliations of Free Cash Flow and Adjusted Free Cash Flow
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INVESTOR PRESENTATION37 EBITDA and Adjusted EBITDA EBITDA is a non-GAAP profitability measure that represents net income or loss for the period before the impact of the benefit from or provision for income taxes, financing expenses, depreciation, and amortization of intangible assets. EBITDA eliminates potential differences in performance caused by variations in capital structures (affecting financing expenses), tax positions (such as the availability of net operating losses against which to relieve taxable profits), the cost and age of tangible assets (affecting relative depreciation expense) and the extent to which intangible assets are identifiable (affecting relative amortization expense). Adjusted EBITDA is a non-GAAP profitability measure that represents EBITDA before certain items that are considered to hinder comparison of the performance of our businesses on a period-over-period basis or with other businesses. During the periods presented, we excluded from Adjusted EBITDA transaction costs, earn-out consideration, operational efficiency costs, the effect of foreign currency gains and losses, gains and losses on disposals of assets, certain severance costs, certain non-recurring litigation costs, stock-based compensation expense and associated employer payroll tax and interest income, which include costs that are required to be expensed in accordance with GAAP. Our management believes that the inclusion of supplementary adjustments to EBITDA applied in presenting Adjusted EBITDA are appropriate to provide additional information to investors about certain material non-cash items and about unusual items that we do not expect to continue at the same level in the future. Adjusted EBITDA Margin represents Adjusted EBITDA divided by service revenue. Adjusted Net Income Adjusted Net Income is a non-GAAP profitability measure that represents net income or loss for the period before the impact of amortization of intangible assets and certain items that are considered to hinder comparison of the performance of our businesses on a period-over-period basis or with other businesses. During the periods presented, we excluded from Adjusted Net Income amortization of intangible assets, transaction costs, earn-out consideration, operational efficiency costs, the effect of foreign currency gains and losses, gains and losses on disposals of assets, certain severance costs, certain non-recurring litigation costs, stock-based compensation expense and associated employer payroll tax and the related effect on income taxes of certain pre-tax adjustments, which include costs that are required to be expensed in accordance with GAAP. Our management believes that the inclusion of supplementary adjustments to net income applied in presenting Adjusted Net Income are appropriate to provide additional information to investors about certain material non-cash items and about unusual items that we do not expect to continue at the same level in the future. Adjusted Net Income Margin represents Adjusted Net Income divided by service revenue. Adjusted EPS Adjusted EPS is a non-GAAP profitability measure that represents earnings available to shareholders excluding the impact of certain items that are considered to hinder comparison of the performance of our business on a period-over-period basis or with other businesses. Adjusted EPS is calculated as Adjusted Net Income divided by our diluted weighted-average number of shares outstanding. Our management believes that the inclusion of supplementary adjustments to earnings per share applied in presenting Adjusted EPS are appropriate to provide additional information to investors about certain material non-cash items and about unusual items that we do not expect to continue at the same level in the future. Free Cash Flow Free Cash Flow is a non-GAAP liquidity measure that represents our ability to generate additional cash from our business operations. Free Cash Flow is calculated as net cash provided by operating activities in the period minus cash used for purchase of property and equipment in the period. Our management believes that the inclusion of this non-GAAP measure, when considered with our GAAP results, provides management and investors with an additional understanding of our ability to generate additional cash for ongoing business operations and other capital deployment. Adjusted Free Cash Flow is a non-GAAP liquidity measure that represents Free Cash Flow before the payments for earn-out consideration, transaction costs, operational efficiency costs, liability stock-based compensation awards and certain litigation costs, that are considered non-recurring and outside of the ordinary course of business, which would hinder comparison of the performance of our business on a period-over-period basis or with other businesses. Our management believes that the inclusion of these supplementary adjustments to Free Cash Flow are appropriate to provide additional information to investors about these unusual items that we do not expect to continue at the same level in the future. Conversion of Adjusted EBITDA to Free Cash Flow represents Free Cash Flow divided by Adjusted EBITDA. Conversion of Adjusted EBITDA to Adjusted Free Cash Flow represents Adjusted Free Cash Flow divided by Adjusted EBITDA. Definitions of Non-GAAP Metrics
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INVESTOR PRESENTATION Shape The Future Of Enterprise With Us 38