ExlService Holdings, Inc. (EXLS) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
320 PARK AVENUE NEW YORK, NY 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)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 340,578 | 290,834 | 297,696 | 313,875 | 402,816 | 321,403 | |||
| Cash and cash equivalent | 153,355 | 136,953 | 118,669 | 135,337 | 218,530 | 119,165 | |||
| Short-term investments | 187,223 | 153,881 | 179,027 | 178,538 | 184,286 | 202,238 | |||
| Restricted cash and investments | 9,972 | 4,062 | 4,897 | 6,174 | 4,690 | 5,453 | |||
| Receivables | 304,322 | 308,108 | 259,222 | 194,232 | 147,635 | 171,864 | |||
| Prepaid expense | 29,854 | 17,028 | 17,944 | ||||||
| Other current assets | 140,317 | 76,669 | 50,979 | 34,009 | 37,109 | 24,594 | |||
| Total current assets: | 795,189 | 679,673 | 612,794 | 578,144 | 609,278 | 541,258 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 1,712 | 777 | 500 | 346 | 471 | ||||
| Operating lease, right-of-use asset | 68,784 | 64,856 | 55,347 | 76,692 | 91,918 | 86,396 | |||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 100,125 | 99,596 | 82,328 | 85,662 | 18,371 | 79,142 | |||
| Long-term investments and receivables | 13,972 | 4,430 | 34,779 | 3,004 | 2,957 | 2,484 | |||
| Long-term investments | 13,972 | 4,430 | 34,779 | 3,004 | 2,957 | 2,484 | |||
| Intangible asset, including goodwill, after accumulated amortization | 469,718 | 455,803 | 470,456 | 484,984 | 408,682 | 423,511 | |||
| Goodwill | 420,387 | 405,639 | 405,637 | 403,902 | 349,088 | 349,529 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 49,331 | 50,164 | 64,819 | 81,082 | 59,594 | 73,982 | |||
| 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 investments | 8,071 | 4,386 | 2,055 | 2,299 | 2,299 | 2,426 | |||
| Deferred income tax assets | 104,747 | 82,927 | 55,791 | 21,404 | 7,749 | 11,855 | |||
| Other noncurrent assets | 56,085 | 49,524 | 32,069 | 30,369 | 32,099 | 36,016 | |||
| Other undisclosed noncurrent assets | 67,863 | ||||||||
| Total noncurrent assets: | 823,214 | 762,299 | 733,325 | 704,760 | 638,579 | 641,830 | |||
| TOTAL ASSETS: | 1,618,403 | 1,441,972 | 1,346,119 | 1,282,904 | 1,247,857 | 1,183,088 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 119,481 | 117,955 | 103,141 | 197,183 | 144,535 | 150,645 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 901 | 3,488 | 1,432 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 114,285 | 67,645 | 71,626 | ||
| Accounts payable | 5,884 | 5,055 | 7,789 | 6,873 | 6,992 | 6,564 | |||
| Accrued liabilities | 113,597 | 112,900 | 95,352 | 75,124 | 66,410 | 71,023 | |||
| Deferred revenue | 19,264 | 12,318 | 18,782 | 20,000 | 32,649 | 13,436 | |||
| Debt | 5,321 | 65,191 | 30,000 | 260,016 | 25,000 | 65,268 | |||
| Other undisclosed current liabilities | 146,050 | 130,939 | 126,023 | 18,487 | 18,894 | ||||
| Total current liabilities: | 290,116 | 326,403 | 277,946 | 495,686 | 221,078 | 229,349 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 283,598 | 135,000 | 220,000 | 68,506 | 286,835 | 269,270 | |||
| Long-term debt, excluding current maturities | 283,598 | 135,000 | 220,000 | 201,961 | 194,131 | ||||
| Finance lease, liability | 430 | ||||||||
| Liabilities, other than long-term debt | 114,827 | 91,132 | 89,994 | 25,556 | 20,772 | 14,468 | |||
| Accounts payable and accrued liabilities | 1,790 | 1,790 | 1,790 | ||||||
| Deferred income tax liabilities | 1,403 | 1,495 | 547 | 965 | 847 | 966 | |||
| Other liabilities | 53,573 | 31,462 | 41,292 | 22,801 | 18,135 | 11,712 | |||
| Operating lease, liability | 59,851 | 58,175 | 48,155 | 68,506 | 84,874 | 74,709 | |||
| Total noncurrent liabilities: | 398,425 | 226,132 | 309,994 | 94,062 | 307,607 | 283,738 | |||
| Total liabilities: | 688,541 | 552,535 | 587,940 | 589,748 | 528,685 | 513,087 | |||
| Equity | |||||||||
| Equity, attributable to parent | 929,862 | 889,437 | 758,179 | 693,156 | 719,172 | 670,001 | |||
| Common stock | 206 | 203 | 40 | 40 | 39 | 39 | |||
| Treasury stock, value | (786,165) | (575,417) | (441,931) | (369,289) | (268,238) | (188,289) | |||
| Additional paid in capital | 588,583 | 508,028 | 445,108 | 395,742 | 420,976 | 391,240 | |||
| Accumulated other comprehensive loss | (154,722) | (127,040) | (144,143) | (89,474) | (74,984) | (84,892) | |||
| Retained earnings | 1,281,960 | 1,083,663 | 899,105 | 756,137 | 641,379 | 551,903 | |||
| Total equity: | 929,862 | 889,437 | 758,179 | 693,156 | 719,172 | 670,001 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,618,403 | 1,441,972 | 1,346,119 | 1,282,904 | 1,247,857 | 1,183,088 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,838,372 | 1,630,668 | 1,412,044 | 1,122,293 | 958,434 | 991,346 | ||
| Cost of revenue | (1,220,318) | (1,022,902) | (896,595) | (690,934) | (623,936) | (655,490) | ||
| Cost of product and service sold | (1,147,359) | (1,022,902) | (896,595) | (690,934) | (623,936) | (655,490) | ||
| Other undisclosed gross profit | 72,959 | |||||||
| Gross profit: | 691,013 | 607,766 | 515,449 | 431,359 | 334,498 | 335,856 | ||
| Operating expenses | (427,393) | (369,011) | (323,287) | (275,478) | (224,476) | (259,403) | ||
| Operating income: | 263,620 | 238,755 | 192,162 | 155,881 | 110,022 | 76,453 | ||
| Nonoperating income | 16,983 | 12,366 | 6,189 | 11,086 | 16,497 | 20,259 | ||
| Gain, foreign currency transaction, before tax | 891 | 1,532 | 6,199 | 4,313 | 4,432 | 3,752 | ||
| Other nonoperating income (expense) | 16,092 | 10,834 | (10) | 6,773 | 12,065 | 16,507 | ||
| Interest and debt expense | (19,256) | (13,180) | (8,252) | (20,406) | (11,190) | (13,612) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | ||||||||
| Income from continuing operations before equity method investments, income taxes: | 261,347 | 237,941 | 190,099 | 146,561 | 115,329 | 83,100 | ||
| Income (loss) from equity method investments | (114) | 153 | 434 | 47 | (227) | (269) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 114 | (153) | (434) | (47) | 227 | 269 | ||
| Income from continuing operations before income taxes: | 261,347 | 237,941 | 190,099 | 146,561 | 115,329 | 83,100 | ||
| Income tax expense | (62,936) | (53,536) | (47,565) | (31,850) | (25,626) | (15,172) | ||
| Income from continuing operations: | 198,411 | 184,405 | 142,534 | 114,711 | 89,703 | 67,928 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 114,711 | 89,703 | 67,928 | |
| Net income: | 198,411 | 184,405 | 142,534 | 114,711 | 89,703 | 67,928 | ||
| Other undisclosed net income (loss) attributable to parent | (114) | 153 | 434 | 47 | (227) | (269) | ||
| Net income available to common stockholders, diluted: | 198,297 | 184,558 | 142,968 | 114,758 | 89,476 | 67,659 | ||
Comprehensive Income ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 198,411 | 184,405 | 142,534 | 114,711 | 89,703 | 67,928 | ||
| Other comprehensive income (loss) | (27,682) | 17,103 | (54,669) | (14,490) | 9,908 | (1,425) | ||
| Comprehensive income: | 170,729 | 201,508 | 87,865 | 100,221 | 99,611 | 66,503 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (114) | 153 | 434 | 47 | (227) | (269) | ||
| Comprehensive income, net of tax, attributable to parent: | 170,615 | 201,661 | 88,299 | 100,268 | 99,384 | 66,234 | ||
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.