EXLS · 10-Q · 2026Q1 · Full report

Capital Return Program

ExlService Holdings, Inc. · 2026-04-28 · Importance 58 · Surprise 42

Net cash used for financing activities was $44.6 million in Q1 2026, driven principally by $148.0 million of purchases of treasury stock under the company's share repurchase programs during the quarter. These treasury stock purchases were partially offset by $100.0 million of higher net proceeds from borrowings in the same quarter. The filing references ongoing board-authorized stock repurchases, including accelerated stock repurchases, which may require significant cash resources or additional financing. The $148.0 million repurchase activity materially affected financing cash flows for the quarter.

Key facts

• Net cash used for financing activities for the three months ended March 31, 2026: $(44.6) million, compared to net cash provided of $3.4 million for the three months ended March 31, 2025.
• The decrease in net cash from financing activities of $48.0 million year-over-year was driven by higher purchases of treasury stock of $148.0 million under share repurchase programs, partially offset by higher net proceeds from borrowings of $100.0 million during the three months ended March 31, 2026 versus the three months ended March 31, 2025.

Impact estimates