ExlService Holdings (NASDAQ: EXLS) buys back 1,551,970 shares from Orogen

Rhea-AI Filing Summary

ExlService Holdings, Inc. repurchased 1,551,970 shares of its common stock from Orogen Echo LLC, an affiliate of the Orogen group, for an aggregate purchase price of $63,373,143. This is a direct share buyback from a single large holder, which typically reduces the amount of stock held by outside investors and can concentrate ownership among remaining shareholders. The transaction occurred on December 15, 2025, and the company also issued a press release describing the repurchase.

Insights

Equity Capital Markets Analyst

EXLS executed a sizable, single‑holder share repurchase totaling over $63 million.

ExlService Holdings repurchased 1,551,970 common shares from Orogen Echo LLC on December 15, 2025 for an aggregate price of $63,373,143. A share repurchase of this size from one affiliate holder is often used to reshape the shareholder base or reduce a concentrated position.

Mechanically, such a transaction can lessen the number of shares held by outside investors and may increase the relative ownership percentage of remaining shareholders, depending on how the shares are handled after repurchase. The disclosure does not provide details on funding sources or any broader repurchase program, so assessment focuses on the confirmed one-time transaction with Orogen Echo LLC.

The company also released a press statement, indicating it considers this repurchase noteworthy for stakeholders. Subsequent periodic reports may give more context on changes in share count and capital structure following this $63,373,143 transaction.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Sections 13 or 15(d) of the Securities Exchange Act of 1934 

Date of Report (Date of earliest event reported): December 15, 2025

EXLSERVICE HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-33089		82-0572194
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification No.)

		320 Park Avenue, 29th Floor, New York, New York		10022 (Zip code)
		(Address of principal executive offices)

Registrant’s telephone number, including area code: (212) 277-7100

NOT APPLICABLE

(Former name or address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)

¨	Emerging growth company
¨	If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act

Securities registered pursuant to Section 12(b) of the Act:
Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.001 par value per share	EXLS	NASDAQ

Item 8.01. Other Events.

On December 15, 2025, ExlService Holdings, Inc. (the “Company”) repurchased 1,551,970 shares of the Company’s common stock from Orogen Echo LLC (“Orogen”), an affiliate of the Orogen group, for an aggregate purchase price of $63,373,143. A copy of the press release issued by the Company concerning the foregoing is filed herewith as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statement and Exhibits.

(d) Exhibits.

The following exhibits are filed herewith:

Number		Description
99.1		Press Release, dated December 15, 2025
104		Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	EXLSERVICE HOLDINGS, INC. (Registrant)
Date: December 15, 2025	By:	/s/ Ajay Ayyappan
	Name:	Ajay Ayyappan
	Title:	Executive Vice President, General Counsel and Corporate Secretary

FAQ

What stock transaction did ExlService Holdings (EXLS) report on December 15, 2025?

ExlService Holdings reported that it repurchased 1,551,970 shares of its common stock from Orogen Echo LLC for an aggregate purchase price of $63,373,143 on December 15, 2025.

How many EXLS shares were repurchased and for how much in total?

The company repurchased 1,551,970 common shares for a total aggregate purchase price of $63,373,143.

Who did ExlService Holdings (EXLS) buy the shares from?

The repurchased shares were bought from Orogen Echo LLC, which is described as an affiliate of the Orogen group.

What class of securities did ExlService Holdings (EXLS) repurchase?

The company repurchased its common stock, which has a par value of $0.001 per share and trades on the NASDAQ under the symbol EXLS.

Did ExlService Holdings issue a public communication about the share repurchase?

Yes. The company issued a press release dated December 15, 2025 describing the repurchase, which was referenced and filed as Exhibit 99.1.

On what date was the ExlService Holdings (EXLS) share repurchase completed?

The repurchase from Orogen Echo LLC was completed on December 15, 2025, which is also the date referenced in the company’s press release.