伊克赛尔服务控股 2026年季度报告

(Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2026OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934FOR THE TRANSITION PERIOD FROMTOCOMMISSION FILE NUMBER 001-33089_________________________________________________________ EXLSERVICE HOLDINGS, INC. (Exact name of registrant as specified in its charter)_________________________________________________________ Delaware(State or other jurisdiction ofincorporation or organization)320 Park Avenue, 29Floor,New York, New York(Address of principal executive offices)th (212) 277-7100(Registrant’s telephone number, including area code) Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and(2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company”in Rule 12b-2 of the Exchange Act. Large Accelerated Filer☒Non-accelerated filer☐Emerging growth company☐ Smallerreportingcompany If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ As of April24, 2026, there were 152,782,931 shares of the registrant’s common stock outstanding, par value $0.001 per share. TABLE OF CONTENTS ITEMPart I. Financial Information31.FINANCIAL STATEMENTS (UNAUDITED)Consolidated Balance Sheets as of March 31, 2026and December 31, 20253Consolidated Statements of Income for the Three Months Ended March 31, 2026 and 20254Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2026 and 20255Consolidated Statements of Stockholders' Equity for the Three Months Ended March 31, 2026 and 20256Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 20257Notes to Consolidated Financial Statements82.Management’s Discussion and Analysis of Financial Condition and Results of Operations353.Quantitative and Qualitative Disclosures About Market Risk454.Controls and Procedures45Part II. Other Information451.Legal Proceedings451A.Risk Factors452.Unregistered Sales of Equity Securities and Use of Proceeds453.Defaults Upon Senior Securities464.Mine Safety Disclosures465.Other Information476.Exhibits48Signatures49 PART I. FINANCIAL INFORMATION EXLSERVICE HOLDINGS, INC.CONSOLIDATED BALANCE SHEETS (UNAUDITED)(In thousands, except per share amount and share count) EXLSERVICE HOLDINGS, INC.CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)(In thousands, except per share amount and share count) EXLSERVICE HOLDINGS, INC.CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)(In thousands) (1)These are reclassified to net income and are included in revenues, net, cost of revenues and operating expenses, as applicable in theunaudited consolidated statements of income.(2)These are reclassified to net income and are included in other income, net in the unaudited consolidated statements of income.(3)These are income tax effects recognized on cash flow hedges, retirement benefits and currency translation adjustments. EXLSERVICE HOLDINGS, INC.CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED)For the three months ended March 31, 2026 and 2025(In thousands, except share count) EXLSERVICE HOLDINGS, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)(In thousands) EXLSERVICE HOLDINGS, INC. NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTSMarch31, 2026(In thousands, except per share amount and share count) 1. Organization ExlService Holdings, Inc. (“ExlService Holdings”) is organized as a corporation under the laws of the State of Delaware. ExlServiceHoldings, together with its subsidiaries and affiliates (collectively, the “Company”), is a global data and artificial intelligence (“AI”)company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. TheCompany harnesses the power of data, AI, an