ExlService Holdings Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	160.31	153.36	136.95	118.67	135.34	218.53
Short-Term Investments	229.83	187.22	153.88	179.03	179.43	184.29
Cash & Short-Term Investments	390.14	340.58	290.83	297.7	314.77	402.82
Cash Growth	19.77%	17.10%	-2.31%	-5.42%	-21.86%	25.33%
Accounts Receivable	379.09	340.39	310.94	260.13	195.55	149.45
Other Receivables	19.51	19.41	18.5	15.72	18.02	15.83
Receivables	398.59	359.8	329.44	275.85	213.57	165.28
Prepaid Expenses	26.18	21.06	18.17	18.13	14.66	11.34
Restricted Cash	11.32	9.97	4.06	4.9	6.17	4.69
Other Current Assets	65.72	63.78	37.17	16.22	28.97	25.15
Total Current Assets	891.95	795.19	679.67	612.79	578.14	609.28
Property, Plant & Equipment	166.22	148.42	144.02	122.77	153.64	172.42
Long-Term Investments	8	13.97	4.43	34.78	3.19	3.17
Goodwill	419.87	420.39	405.64	405.64	403.9	349.09
Other Intangible Assets	58.31	71.54	71.38	80.23	90.15	71.97
Long-Term Accounts Receivable	3.49	3.63	6.84	1.86	1.21	2.62
Long-Term Deferred Tax Assets	115.83	104.75	82.93	55.79	21.4	7.75
Long-Term Deferred Charges	33.91	31.74	21.37	12.69	4.31	2.74
Other Long-Term Assets	36.06	28.79	25.71	19.57	26.97	28.82
Total Assets	1,734	1,618	1,442	1,346	1,283	1,248
Accounts Payable	6.77	5.88	5.06	7.79	5.65	6.99
Accrued Expenses	216.69	222.37	201.79	179.09	172.84	119.59
Current Portion of Long-Term Debt	4.89	4.89	65	30	260.02	25
Current Portion of Leases	20.01	16.93	12.97	15.14	18.63	19.12
Current Income Taxes Payable	0.24	0.28	1.21	2.95	0.9	3.49
Current Unearned Revenue	17.5	19.26	12.32	18.78	20	32.65
Other Current Liabilities	40.92	20.5	28.05	24.2	17.65	14.24
Total Current Liabilities	307	290.12	326.4	277.95	495.69	221.08
Long-Term Debt	349.93	283.6	135	220	-	201.96
Long-Term Leases	61.7	61.2	58.79	48.51	68.74	85.16
Long-Term Unearned Revenue	25.36	18.21	10.2	4.41	1	0.92
Pension & Post-Retirement Benefits	22.86	24.8	16.67	12.98	9.6	8.94
Long-Term Deferred Tax Liabilities	2.47	1.4	1.5	0.55	0.97	0.85
Other Long-Term Liabilities	11.92	9.22	3.99	23.55	13.76	9.78
Total Liabilities	781.24	688.54	552.54	587.94	589.75	528.69
Common Stock	0.21	0.21	0.2	0.2	0.04	0.04
Additional Paid-In Capital	627.97	588.58	508.03	444.95	395.74	420.98
Retained Earnings	1,473	1,282	1,084	899.11	756.14	641.38
Treasury Stock	-979.54	-786.17	-575.42	-441.93	-369.29	-268.24
Comprehensive Income & Other	-168.98	-154.72	-127.04	-144.14	-89.47	-74.98
Total Common Equity	952.39	929.86	889.44	758.18	693.16	719.17
Shareholders' Equity	952.39	929.86	889.44	758.18	693.16	719.17
Total Liabilities & Equity	1,734	1,618	1,442	1,346	1,283	1,248
Total Debt	436.53	366.61	271.76	313.65	347.38	331.24
Net Cash (Debt)	-46.39	-26.03	19.08	-15.96	-32.61	71.58
Net Cash Per Share	-0.28	-0.16	0.11	-0.09	-0.19	0.41
Filing Date Shares Outstanding	158.7	162.3	165.78	166.5	166.03	167.37
Total Common Shares Outstanding	158.88	161.8	165.28	166.17	166.46	167.8
Working Capital	584.94	505.07	353.27	334.85	82.46	388.2
Book Value Per Share	5.99	5.75	5.38	4.56	4.16	4.29
Tangible Book Value	474.21	437.94	412.42	272.31	199.11	298.12
Tangible Book Value Per Share	2.98	2.71	2.50	1.64	1.20	1.78
Land	-	0.61	0.63	0.63	0.7	0.71
Buildings	-	0.93	0.96	0.96	1.07	1.09
Machinery	-	192.06	171.86	151.03	139.02	129.89
Construction In Progress	-	7.5	12.28	14.46	10.29	4.65
Leasehold Improvements	-	45.82	41.93	42.89	46.4	48.05

Source: S&P Global Market Intelligence. Standard template. Financial Sources.