ExlService Holdings, Inc. (EXLS) Financial Statements (2025 and earlier)

Company Profile

Business Address 320 PARK AVENUE
NEW YORK, 10022
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments290,834297,696313,875402,816321,403280,370
Cash and cash equivalent136,953118,669135,337218,530119,16595,881
Short-term investments153,881179,027178,538184,286202,238184,489
Restricted cash and investments4,0624,8976,1744,6905,4535,608
Receivables308,108259,222194,232147,635171,864164,752
Prepaid expense   29,85417,02817,94411,326
Other current assets76,66950,97934,00937,10924,59428,240
Other undisclosed current assets      9,639
Total current assets:679,673612,794578,144609,278541,258499,935
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization777500346471 ✕
Operating lease, right-of-use asset64,85655,34776,69291,91886,396✕
Property, plant and equipment99,59682,32885,66218,37179,14273,510
Long-term investments and receivables4,43034,7793,0042,9572,4842,753
Long-term investments4,43034,7793,0042,9572,4842,753
Intangible assets, net (including goodwill)455,803470,456484,984408,682423,511445,479
Goodwill405,639405,637403,902349,088349,529349,984
Intangible assets, net (excluding goodwill)50,16464,81981,08259,59473,98295,495
Contract with customer, asset, after allowance for credit loss    2,623  
Capitalized contract cost, net    2,743  
Regulated entity, other noncurrent assets    804  
Restricted cash and investments4,3862,0552,2992,2992,4262,642
Deferred income tax assets82,92755,79121,4047,74911,855✕
Other noncurrent assets49,52432,06930,36932,09936,01631,015
Other undisclosed noncurrent assets    67,863 6,602
Total noncurrent assets:762,299733,325704,760638,579641,830562,001
TOTAL ASSETS:1,441,9721,346,1191,282,9041,247,8571,183,0881,061,936
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities117,955103,141197,183144,535150,645125,727
Taxes payable✕✕✕9013,4881,4321,012
Employee-related liabilities✕✕✕114,28567,64571,62654,893
Accounts payable5,0557,7896,8736,9926,5645,653
Accrued liabilities112,90095,35275,12466,41071,02364,169
Deferred revenue12,31818,78220,00032,64913,436✕
Debt65,19130,000260,01625,00065,26821,646
Contract with customer, liability✕✕✕✕✕✕7,722
Other undisclosed current liabilities130,939126,02318,48718,894  
Total current liabilities:326,403277,946495,686221,078229,349155,095
Noncurrent Liabilities
Long-term debt and lease obligation135,000220,00068,506286,835269,270263,556
Long-term debt, excluding current maturities135,000220,000 201,961194,131263,241
Capital lease obligations✕✕✕✕✕✕315
Finance lease, liability     430✕
Liabilities, other than long-term debt91,13289,99425,55620,77214,46816,521
Accounts payable and accrued liabilities   1,7901,7901,790 
Contract with customer, liability✕✕✕✕✕✕945
Deferred rent credit      7,834
Deferred income tax liabilities1,495547965847966✕
Liability for uncertainty in income taxes      804
Liability, pension and other postretirement and postemployment benefits      3,616
Other liabilities31,46241,29222,80118,13511,712247
Operating lease, liability58,17548,15568,50684,87474,709✕
Derivative instruments and hedges, liabilities      3,075
Other undisclosed noncurrent liabilities      8,445
Total noncurrent liabilities:226,132309,99494,062307,607283,738288,522
Total liabilities:552,535587,940589,748528,685513,087443,617
Equity
Equity, attributable to parent889,437758,179693,156719,172670,001618,069
Common stock2034040393938
Treasury stock, value(575,417)(441,931)(369,289)(268,238)(188,289)(146,925)
Additional paid in capital508,028445,108395,742420,976391,240364,179
Accumulated other comprehensive loss(127,040)(144,143)(89,474)(74,984)(84,892)(83,467)
Retained earnings1,083,663899,105756,137641,379551,903484,244
Equity, attributable to noncontrolling interest      250
Total equity:889,437758,179693,156719,172670,001618,319
TOTAL LIABILITIES AND EQUITY:1,441,9721,346,1191,282,9041,247,8571,183,0881,061,936

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,630,6681,412,0441,122,293958,434991,346883,112
Cost of revenue(1,022,902)(896,595)(690,934)(623,936)(655,490) 
Cost of product and service sold(1,022,902)(896,595)(690,934)(623,936)(655,490) 
Other undisclosed gross profit     (584,855)
Gross profit:607,766515,449431,359334,498335,856298,257
Operating expenses(369,011)(323,287)(275,478)(224,476)(259,403)(248,436)
Operating income:238,755192,162155,881110,02276,45349,821
Nonoperating income12,3666,18911,08616,49720,25917,776
Gain, foreign currency transaction, before tax1,5326,1994,3134,4323,7524,787
Other nonoperating income (expense)10,834(10)6,77312,06516,50712,989
Interest and debt expense(13,180)(8,252)(20,406)(11,190)(13,612)(7,227)
Income from continuing operations before equity method investments, income taxes:237,941190,099146,561115,32983,10060,370
Income (loss) from equity method investments15343447(227)(269) 
Other undisclosed income (loss) from continuing operations before income taxes(153)(434)(47)227269 
Income from continuing operations before income taxes:237,941190,099146,561115,32983,10060,370
Income tax expense(53,536)(47,565)(31,850)(25,626)(15,172)(3,397)
Income from continuing operations:184,405142,534114,71189,70367,92856,973
Income before gain (loss) on sale of properties:✕✕✕114,71189,70367,92856,973
Net income:184,405142,534114,71189,70367,92856,973
Other undisclosed net income (loss) attributable to parent15343447(227)(269)(247)
Net income available to common stockholders, diluted:184,558142,968114,75889,47667,65956,726

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:184,405142,534114,71189,70367,92856,973
Other comprehensive income (loss)17,103(54,669)(14,490)9,908(1,425)(37,757)
Comprehensive income:201,50887,865100,22199,61166,50319,216
Other undisclosed comprehensive income (loss), net of tax, attributable to parent15343447(227)(269)(247)
Comprehensive income, net of tax, attributable to parent:201,66188,299100,26899,38466,23418,969

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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