Can ExlService Holdings cover its short-term obligations?

Its current ratio is 2.66 — current assets exceed current liabilities.

Where does ExlService Holdings's balance sheet data come from?

Every line is extracted from ExlService Holdings's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

ExlService Holdings EXLS Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Cash and cash equivalents	$164.78M-0.7%	$165.97M-7.7%	$179.83M+5.5%	$170.53M+7.6%	$158.48M-7.5%
Short-term investments	$108.36M-40.5%	$182.04M-20.8%	$229.83M+12.6%	$204.16M+6.9%	$190.98M+2.0%
Restricted cash	$12.41M+0.1%	$12.39M+9.5%	$11.32M-1.6%	$11.5M+17.1%	$9.83M-1.5%
Accounts receivable, net	$388.56M+13.2%	$343.11M-2.4%	$351.43M+1.7%	$345.47M+1.7%	$339.86M+11.7%
Income taxes receivable	$34.59M-33.5%	$51.98M+4.3%	$49.86M+10.2%	$45.23M+20.1%	$37.66M-23.7%
Contract assets	$24.24M-10.5%	$27.08M-2.1%	$27.66M-11.5%	$31.24M-23.5%	$40.84M+13.2%
Derivative assets	$3.95M-34.8%	$6.06M+677%	$780K-78.4%	$3.62M+126%	$1.6M+88.1%
Total current assets	$797.36M-3.9%	$829.96M-6.9%	$891.95M+3.9%	$858.32M+3.2%	$831.31M+4.5%
Property and equipment, net	$109.39M-2.2%	$111.82M-0.8%	$112.68M-1.2%	$114.1M+6.5%	$107.15M+5.2%
Accumulated depreciation	$258.17M+1.0%	$255.74M-8.6%	$279.66M+2.1%	$273.88M+3.3%	$265.09M+4.3%
Operating lease right-of-use assets	7.5%-9,741,099,993%	9,741,100,000%+9,741,099,992%	8.1%+0.1%	8%0.0%	8%-6,878,399,992%
Goodwill	$418.66M-0.2%	$419.65M-0.1%	$419.87M-0.2%	$420.57M0.0%	$420.49M0.0%
Intangible assets, net	$32.08M-9.1%	$35.3M-8.6%	$38.61M-7.9%	$41.93M-7.2%	$45.19M-8.4%
Other non-current assets	$59.92M-3.0%	$61.77M-5.3%	$65.25M+0.4%	$64.99M+5.0%	$61.93M+10.4%
Equity method investments	$5.57M0.0%	$5.57M+0.5%	$5.55M+10.3%	$5.03M-2.7%	$5.17M-63.0%
Total assets	$1.68B-1.5%	$1.7B-1.8%	$1.73B+1.5%	$1.71B+1.9%	$1.68B+3.6%
Accrued expenses	$71.6M-51.2%	$146.78M+13.4%	$129.38M+30.0%	$99.54M+56.6%	$63.58M-51.1%
Deferred revenue	$22.91M+49.2%	$15.36M-12.2%	$17.5M-20.4%	$21.99M+9.2%	$20.14M+4.5%
Current portion of long-term debt	$4.89M0.0%	$4.89M0.0%	$4.89M0.0%	$4.89M0.0%	$4.89M0.0%
Operating lease liabilities, current	$16.93M+0.4%	$16.86M-12.1%	$19.17M+4.4%	$18.37M+5.4%	$17.43M+5.7%
Contract liabilities	$27.4M+4.8%	$26.14M+3.1%	$25.36M+11.4%	$22.76M+4.3%	$21.83M+19.8%
Income taxes payable	$2.3M+5.7%	$2.18M+818%	$237K+2.2%	$232K-14.4%	$271K-4.6%
Total current liabilities	$299.51M-7.6%	$324.13M+5.6%	$307M+12.7%	$272.3M+11.8%	$243.65M-16.0%
Long-term debt	$412.49M+40.4%	$293.71M-16.1%	$349.93M+37.1%	$255.16M-15.6%	$302.38M+6.6%
Operating lease liabilities, non-current	$84.28M-4.4%	$88.17M+45.8%	$60.46M-3.1%	$62.4M+1.6%	$61.41M+2.6%
Finance Lease Liabilities (Total)	$2.11M-2.4%	$2.16M+4.2%	$2.07M-4.2%	$2.16M+10.2%	$1.96M+10.0%
Operating Lease Liabilities (Total)	$101.2M-3.6%	$105.02M+31.9%	$79.64M-1.4%	$80.78M+2.5%	$78.83M+3.3%
Finance lease liabilities	$2.11M+36.5%	$1.54M-25.5%	$2.07M-4.2%	$2.16M+10.2%	$1.96M+45.5%
Other non-current liabilities	$99.59M+22.3%	$81.4M+32.6%	$61.38M+10.6%	$55.48M0.0%	$55.47M+3.5%
Total liabilities	$69.33M+130%	$30.21M+22.7%	$24.61M+224%	$7.61M+11.7%	$6.81M-53.1%
Preferred stock	$0—	$0—	$0—	$0—	$0—
Common stock	400M0.0%	400M0.0%	400M0.0%	400M0.0%	400M+194,075%
Additional paid-in capital	$674.66M—	——	——	——	——
Retained earnings	$1.6B+4.4%	$1.53B+4.1%	$1.47B+4.1%	$1.41B+4.9%	$1.35B+5.2%
Accumulated other comprehensive income (loss)	-$237.37M-31.3%	-$180.73M-7.0%	-$168.98M-25.7%	-$134.43M+5.8%	-$142.79M+7.7%
Treasury stock	$1.26B+12.7%	$1.12B+14.1%	$979.54M+15.9%	$845.38M+5.2%	$803.66M+2.2%
Total stockholders' equity	$778.8M-14.7%	$912.71M-4.2%	$952.39M-10.2%	$1.06B+4.8%	$1.01B+8.8%
Total liabilities and stockholders' equity	$1.68B-1.5%	$1.7B-1.8%	$1.73B+1.5%	$1.71B+1.9%	$1.68B+3.6%
Allowance for Credit Losses on Contract Assets	$0—	$0—	$0—	$0—	——
Allowance for Doubtful Accounts	$3.07M+6.6%	$2.88M-39.2%	$4.73M0.0%	$4.73M-0.1%	$4.73M+34.2%
Allowance for Doubtful Accounts Receivable (Current)	$3.07M+6.6%	$2.88M-39.2%	$4.73M0.0%	$4.73M-0.1%	$4.73M+34.2%
Derivatives	$3.37M-27.4%	$4.64M+18.5%	$3.92M-52.2%	$8.2M+72.7%	$4.75M+141%
Other current assets	$142.63M-2.4%	$146.09M+5.1%	$139.06M-6.1%	$148.05M-1.4%	$150.2M+7.0%
Deferred Finance Costs, Current	$114K0.0%	$114K0.0%	$114K0.0%	$114K—	——
Derivative Assets, Current	$3.37M-27.4%	$4.64M+18.5%	$3.92M-52.2%	$8.2M+72.7%	$4.75M+141%
Allowance for Credit Losses on Financing Receivables	$0—	$0—	$0—	$0—	——
Accumulated Amortization on Capitalized Software	$41.76M+6.2%	$39.33M-16.7%	$47.2M+8.0%	$43.73M+6.7%	$40.98M+7.2%
Capitalized Computer Software, Net	$59.39M0.0%	$59.39M-10.0%	$66.01M+4.4%	$63.19M+4.2%	$60.65M+0.3%
Contract Assets, Non-Current	$4.59M-4.6%	$4.82M+38.1%	$3.49M+8.0%	$3.23M-11.9%	$3.67M+1.1%
Deferred Tax Assets and Other Non-Current Assets	$59.92M-3.0%	$61.77M-5.3%	$65.25M+0.4%	$64.99M+5.0%	$61.93M+10.4%
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)	——	——	——	——	——
Finite Lived Intangible Assets - Gross	$114.16M0.0%	$114.19M0.0%	$114.18M0.0%	$114.22M+0.1%	$114.13M0.0%
Intangible Assets Gross (Excluding Goodwill)	$115.06M0.0%	$115.09M0.0%	$115.08M0.0%	$115.12M+0.1%	$115.03M0.0%
Net Investment in Lease	$92.98M-4.5%	$97.41M+34.6%	$72.35M-1.0%	$73.08M+2.7%	$71.15M+3.4%
Capitalized software licenses	$17.64M-12.1%	$20.06M+6.7%	$18.8M-3.4%	$19.47M-1.0%	$19.67M-11.4%
Deferred tax assets	$140.6M+8.2%	$129.97M+12.2%	$115.83M-1.2%	$117.21M+6.6%	$109.95M+5.0%
Intangible assets — net	$32.08M-9.1%	$35.3M-8.6%	$38.61M-7.9%	$41.93M-7.2%	$45.19M-6.7%
Other intangible assets—net	$32.98M-8.9%	$36.2M-8.4%	$39.51M-7.7%	$42.83M-7.1%	$46.09M-6.6%
Investments	$17.53M+114%	$8.2M+2.5%	$8M+6.5%	$7.52M-62.7%	$20.13M+44.1%
Operating lease right-of-use assets	$92.98M-4.5%	$97.41M+34.6%	$72.35M-1.0%	$73.08M+2.7%	$71.15M+3.4%
Other Assets	$59.92M-3.0%	$61.77M-5.3%	$65.25M+0.4%	$64.99M+5.0%	$61.93M+10.4%
Other non-current assets	$59.92M-3.0%	$61.77M-5.3%	$65.25M+0.4%	$64.99M+5.0%	$61.93M+10.4%
Property, plant and equipment, net	$109.39M-2.2%	$111.82M-0.8%	$112.68M-1.2%	$114.1M+6.5%	$107.15M+5.2%
Property, plant and equipment at cost	$367.56M0.0%	$367.56M-6.3%	$392.34M—	——	——
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)	$108.36M-40.5%	$182.04M-20.8%	$229.83M+12.6%	$204.16M+6.9%	$190.98M+2.0%
Operating Lease Right-of-Use Assets in Other Assets	$92.98M-4.5%	$97.41M+34.6%	$72.35M-1.0%	$73.08M+2.7%	$71.15M+3.4%
Software and Technology Licenses, Net	$59.39M0.0%	$59.39M-10.0%	$66.01M+4.4%	$63.19M+4.2%	$60.65M+0.3%
Accrued Manufacturing Costs	$71.6M-51.2%	$146.78M+13.4%	$129.38M+30.0%	$99.54M+56.6%	$63.58M-51.1%
Accrued Progress Collections and Price Adjustments	$27.4M+4.8%	$26.14M+3.1%	$25.36M+11.4%	$22.76M+4.3%	$21.83M+19.8%
Other Commercial Liabilities	$171.93M+26.9%	$135.5M+4.8%	$129.3M+6.4%	$121.55M-7.9%	$131.98M+16.2%
Commercial Paper Outstanding	$1.14M-28.8%	$1.6M+116%	$741K0.0%	$741K0.0%	$741K-2.6%
Accrued Liabilities, Current	$171.93M+26.9%	$135.5M+4.8%	$129.3M+6.4%	$121.55M-7.9%	$131.98M+16.2%
Derivative Instruments And Hedges Liabilities	$39.01M+153%	$15.44M+19.9%	$12.88M+212%	$4.13M+22.1%	$3.39M-54.6%
Compensation and benefits	$71.6M-51.2%	$146.78M+13.4%	$129.38M+30.0%	$99.54M+56.6%	$63.58M-51.1%
Other accrued liabilities	$20.73M+88.2%	$11.01M+82.1%	$6.05M-28.5%	$8.46M+61.1%	$5.25M-17.0%
Customer Collateral Liabilities	$12.65M+0.4%	$12.6M-24.8%	$16.75M+26.4%	$13.26M+11.7%	$11.87M+22.2%
Derivative Liabilities - Fair Value	——	——	——	——	——
Finance Lease Liability Payment Due	——	——	——	——	——
Finance Lease Liability - Undiscounted Excess Amount	——	——	——	——	——
Lease Liability Payments - 2020 (Remaining Three Months)	——	——	——	——	——
Lease Liability Payments - 2021	——	——	——	——	——
Operating Lease Liability Payments - 2024 (Lessee)	——	——	——	——	——
Operating Lease Liability Payments - 2025 (Lessee)	——	——	——	——	——
Lease Liability Payments - Due Year Two	——	——	——	——	——
Lease Liability Payments - Due Year Three	——	——	——	——	——
Lease Liability Payments - Due Year Four	——	——	——	——	——
Lease Liability Payments - Remainder of Fiscal Year	——	——	——	——	——
Line of Credit Outstanding	$412.5M+40.4%	$293.75M-16.1%	$350M+37.1%	$255.25M—	——
Operating Lease Liability Payments Due	——	——	——	——	——
Operating Lease Liability - Undiscounted Excess Amount	——	——	——	——	——
Payables to Brokerage Clients	$12.65M+0.4%	$12.6M-24.8%	$16.75M+26.4%	$13.26M+11.7%	$11.87M+22.2%
Contingent Consideration Liability (Non-Current)	$5M0.0%	$5M—	$0-100%	$2.7M+90.1%	$1.42M0.0%
Contract Liabilities, Non-Current	$27.4M+4.8%	$26.14M+3.1%	$25.36M+11.4%	$22.76M+4.3%	$21.83M+19.8%
Defined Benefit Pension Plan Liabilities (Non-Current)	$42.97M+3.2%	$41.63M+82.1%	$22.86M-8.7%	$25.03M-5.3%	$26.43M+6.6%
Operating Lease Liability Payments - 2027 (Lessee)	——	——	——	——	——
Operating Lease Liability Payments - 2028 (Lessee)	——	——	——	——	——
Deferred revenue, net of current portion	$27.4M+4.8%	$26.14M+3.1%	$25.36M+11.4%	$22.76M+4.3%	$21.83M+19.8%
Liability For Uncertain Tax Positions Noncurrent	$2.3M+5.7%	$2.18M-8.3%	$2.37M+7.1%	$2.22M+4.3%	$2.12M+8.0%
Retirement and nonpension postretirement benefit obligations	$42.97M+3.2%	$41.63M+82.1%	$22.86M-8.7%	$25.03M-5.3%	$26.43M+6.6%
Total debt	$520.69M+28.3%	$405.78M-7.0%	$436.53M+27.3%	$342.98M-11.6%	$388.06M+5.9%
Common Stock Par Value Per Share	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%
Common Stock Shares Issued	209.9M+0.5%	208.9M+0.4%	207.9M+0.1%	207.8M0.0%	207.8M+0.6%
Convertible Preferred Stock Authorized Shares	15M0.0%	15M0.0%	15M0.0%	15M0.0%	15M0.0%
Convertible Preferred Stock Issued Shares	0—	0—	0—	0—	0—
Additional paid-in capital	$674.66M-0.4%	$677.56M+7.9%	$627.97M+0.3%	$625.98M+2.7%	$609.59M+3.6%
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$210K+0.5%	$209K+1.0%	$207K0.0%	$207K0.0%	$207K+0.5%
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding	$0—	$0—	$0—	$0—	$0—
Treasury Stock, Value	$1.26B+12.7%	$1.12B+14.1%	$979.54M+15.9%	$845.38M+5.2%	$803.66M+2.2%
Preferred Stock Par Value Per Share	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%
Cumulative Cost Basis	$367.56M0.0%	$367.56M-6.3%	$392.34M—	——	——
Gross Assets/Liabilities	——	——	——	——	——
Accrued Expenses Current	$54.06M-15.8%	$64.22M+0.7%	$63.8M-5.3%	$67.34M+3.2%	$65.23M+2.6%
Aggregate disputed amount related to transfer pricing and permanent establishment	——	——	——	——	——
Accounts Receivable, Allowance for Credit Loss	$3.07M+6.6%	$2.88M-39.2%	$4.73M0.0%	$4.73M-0.1%	$4.73M+34.2%
Business Combination, Contingent Consideration, Liability	$5M0.0%	$5M+85.2%	$2.7M—	——	——
Common stock, par value (in dollars per share)	$00.0%	$00.0%	$00.0%	$00.0%	$00.0%
Common stock, shares authorized (in shares)	$400M0.0%	$400M0.0%	$400M0.0%	$400M0.0%	$400M0.0%
Common stock, shares issued (in shares)	$209.93M+0.5%	$208.86M+0.4%	$207.94M+0.1%	$207.81M0.0%	$207.76M+0.6%
Common Stock, Shares, Outstanding	$153M-2.2%	$156.43M-1.5%	$158.88M-1.8%	$161.83M-0.5%	$162.68M+0.5%
Consideration received for process transition activities	$33.69M+4.5%	$32.25M+5.4%	$30.6M+10.1%	$27.79M+4.6%	$26.57M+20.8%
Contract with customer, asset, receivables from payment integrity services	$21.78M-12.3%	$24.85M-3.9%	$25.86M—	——	——
Contract with Customer, Liability	$16.48M+78.8%	$9.22M-24.7%	$12.24M-27.8%	$16.96M+10.5%	$15.34M-0.9%
Deferred contract fulfillment costs	$6.94M-2.0%	$7.08M+32.9%	$5.33M+1.9%	$5.23M+6.2%	$4.92M+15.0%
Deferred contract fulfillment costs	$31.45M-2.2%	$32.15M-5.2%	$33.91M+0.6%	$33.71M+1.7%	$33.16M+4.5%
Deferred Finance Costs Noncurrent Net	$9K-76.3%	$38K-42.4%	$66K-30.5%	$95K—	——
Deferred income taxes	$1.71M-19.7%	$2.13M-13.8%	$2.47M+11.2%	$2.22M+36.4%	$1.63M+15.8%
Less: Fair value of plan assets at end of period	$22.97M-5.7%	$24.36M-1.6%	$24.76M+8.8%	$22.76M+13.5%	$20.05M+0.4%
Deposit Assets	$7.52M-4.4%	$7.86M+5.3%	$7.46M-5.2%	$7.87M-0.2%	$7.88M+7.8%
Long-term derivative liabilities	$25.32M+159%	$9.77M+8.1%	$9.04M+1,070%	$772K+6.8%	$723K-83.4%
Derivative Liability	——	——	——	——	——
Equity method investments (Note 11)	$5.57M0.0%	$5.57M+0.5%	$5.55M+10.3%	$5.03M-2.7%	$5.17M+10.5%
Finance Lease Liability Payments Due	——	——	——	——	——
2027	——	——	——	——	——
Finance Lease Liability Payments Due Year Four	——	——	——	——	——
Finance Lease Liability Payments Due Year Three	——	——	——	——	——
Finance Lease Liability Payments Due Year Two	——	——	——	——	——
2031 and thereafter	——	——	——	——	——
Finance Lease Liability Undiscounted Excess Amount	——	——	——	——	——
Finite-Lived Intangible Assets, Accumulated Amortization	$82.08M+4.1%	$78.88M+4.4%	$75.57M+4.5%	$72.29M+4.9%	$68.93M+5.0%
2028	——	——	——	——	——
Remainder of 2026	——	——	——	——	——
2027	——	——	——	——	——
2029	——	——	——	——	——
Gross Carrying Amount	$114.16M0.0%	$114.19M0.0%	$114.18M0.0%	$114.22M+0.1%	$114.13M0.0%
Indefinite- lived intangible impairment	$115.06M0.0%	$115.09M0.0%	$115.08M0.0%	$115.12M+0.1%	$115.03M0.0%
Lessee Operating Lease Liability Payments Due	——	——	——	——	——
2031 and thereafter	——	——	——	——	——
Lessee Operating Lease Liability Undiscounted Excess Amount	——	——	——	——	——
Letters of Credit Outstanding, Amount	$1.14M-28.8%	$1.6M+116%	$741K0.0%	$741K0.0%	$741K-2.6%
Current portion of long-term borrowings	$5M0.0%	$5M0.0%	$5M0.0%	$5M—	——
Secured lines of credit	$412.5M+40.4%	$293.75M-16.1%	$350M+37.1%	$255.25M—	——
Mutual funds	——	——	——	——	$100.59M-7.1%
Long-Lived Assets	$202.37M-3.3%	$209.23M+13.1%	$185.02M-1.2%	$187.19M+5.0%	$178.3M+4.5%
Operating Lease Weighted Average Discount Rate Percent	——	——	——	——	——
Derivative instruments	——	——	——	——	——
Other Assets, Miscellaneous	$1.43M-14.4%	$1.68M-75.1%	$6.72M+25.9%	$5.34M-0.1%	$5.34M+62.8%
Other	$5.28M-29.3%	$7.47M+13.0%	$6.61M-7.9%	$7.18M-19.8%	$8.95M+9.9%
Other Commitment	——	——	——	——	——
Other	$1.6M-5.5%	$1.69M-3.2%	$1.74M-12.5%	$1.99M-32.3%	$2.95M+4.7%
Preferred Stock, Par or Stated Value Per Share	$00.0%	$00.0%	$00.0%	$00.0%	$00.0%
Preferred Stock, Shares Authorized	$15M0.0%	$15M0.0%	$15M0.0%	$15M0.0%	$15M0.0%
Preferred Stock, Shares Issued	$0—	$0—	$0—	$0—	$0—
Security Deposit	$7.09M0.0%	$7.09M-4.9%	$7.45M+2.4%	$7.27M+4.7%	$6.95M+6.9%
Receivables from statutory authorities	$20.99M-1.8%	$21.37M+9.6%	$19.51M-2.7%	$20.05M-2.7%	$20.61M+6.2%
Payable to statutory authorities	$40.49M+48.7%	$27.22M+15.8%	$23.5M+7.1%	$21.94M-46.4%	$40.93M+78.5%
Stockholders Equity Including Shares Held In Treasury	$2.04B+0.4%	$2.03B+5.1%	$1.93B+1.3%	$1.91B+5.0%	$1.82B+5.8%
Term deposits	$36.9M-29.7%	$52.49M-4.7%	$55.07M-33.9%	$83.35M-7.8%	$90.39M+14.5%
Term deposits	$11.96M+356%	$2.63M+7.0%	$2.45M-1.4%	$2.49M-83.4%	$14.97M+61.0%
Total bank guarantees and deposits in respect of contingencies	$7.28M-5.2%	$7.68M-0.9%	$7.76M-3.4%	$8.03M-0.2%	$8.05M+7.2%
Treasury stock, shares (in shares)	$56.93M+8.6%	$52.43M+6.9%	$49.06M+6.7%	$45.98M+2.0%	$45.08M+0.8%
Unbilled balances	$170.51M+20.4%	$141.65M-4.2%	$147.9M+1.6%	$145.55M+0.6%	$144.75M+18.8%
Value added tax, bank guarantees	$4.82M-5.2%	$5.09M-1.1%	$5.15M-3.4%	$5.33M-0.3%	$5.35M+0.2%
Value added tax payable	$4.92M-5.2%	$5.19M-1.2%	$5.25M-1.5%	$5.33M-0.3%	$5.35M+0.2%
Purchase Obligation	——	——	——	——	——
Remainder of Fiscal Year 2024	——	——	——	——	——
Remainder of Fiscal Year 2025	——	——	——	——	——
Weighted-Average Discount Rate	——	——	——	——	——
Weighted-Average Discount Rate - Finance Leases	——	——	——	——	——

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Questions, answered.

Can ExlService Holdings cover its short-term obligations?: Its current ratio is 2.66 — current assets exceed current liabilities.
Where does ExlService Holdings's balance sheet data come from?: Every line is extracted from ExlService Holdings's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.