Welcome to our dedicated page for ExlService Holdings SEC filings (Ticker: EXLS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
ExlService Holdings, Inc. filings document the company’s public-company disclosures as a data and AI services provider. Form 8-K reports cover operating and financial results, earnings releases, guidance-related exhibits, material-event disclosures, material agreements, and capital-structure actions involving the company’s common stock.
The company’s proxy materials describe annual meeting matters, shareholder voting items, board composition, committee oversight, executive compensation, governance practices, and stockholder proposals when applicable. Recent filing categories also include disclosures related to accelerated share repurchase agreements, common stock repurchase activity, available funding sources, and governance matters connected to director service and board oversight.
ExlService Holdings Executive Vice President & CFO Maurizio Nicolelli reported the settlement of previously vested equity awards. On January 21, 2026, 6,960 restricted stock units that had vested as of March 31, 2024 were converted into 5,315 shares of common stock at a reference price of $41.64 per share, with the share amount reduced under U.S. tax rules due to an administrative delay in settlement. These awards stem from a March 31, 2022 grant of 20,885 restricted stock units under a share matching plan, vesting 33% on March 31, 2024 and 67% on March 31, 2025. Following this transaction, Nicolelli directly beneficially owned 222,835 shares of ExlService common stock.
ExlService Holdings executive Ajay Ayyappan reported the settlement of previously granted equity awards into common stock. On January 21, 2026, 6,670 restricted stock units were settled, relating to awards that had vested as of March 31, 2024. Due to an administrative delay in settlement and applicable U.S. tax rules and regulations, the number of shares of common stock actually issued was 5,093.
These shares are common stock of ExlService Holdings, Inc., par value $0.001 per share, and the transaction was reported with code "M". Following this settlement, Ayyappan now directly beneficially owns 52,613 shares of ExlService common stock. The footnotes explain that the restricted stock units were originally granted on March 31, 2022 under a share matching plan and vested in installments in 2024 and 2025.
ExlService Holdings, Inc. executive Ajay Ayyappan, who serves as EVP & General Counsel/Corporate Secretary, reported acquiring additional company stock. On December 31, 2025, he acquired 17 shares of ExlService common stock at $38.20 per share in a transaction coded as an acquisition.
According to the filing, this was an exempt purchase made through the ExlService Holdings, Inc. 2022 Employee Stock Purchase Plan, which allows employees to buy company shares. Following this transaction, Ayyappan beneficially owns 47,520 shares of ExlService common stock, held in direct ownership.
ExlService Holdings, Inc. reported that on December 15, 2025 it repurchased 1,551,970 shares of its common stock from Orogen Echo LLC ("OE") under a Stock Purchase Agreement dated the same day. The shares were recorded as disposed of at a price of $40.834 per share, and the reported holdings after the transaction are 0 shares, reflecting that this block was fully sold back to the company.
The share amount is adjusted for a 5-for-1 forward stock split that became effective on August 1, 2023. Vikram Pandit, who serves on the Board and is Chairman and Chief Executive Officer of OE, and affiliated Orogen and Atairos entities are listed as reporting persons and may be deemed to have direct or indirect beneficial ownership, but they disclaim beneficial ownership except to the extent of their pecuniary interest.
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.
ExlService Holdings (EXLS) reported an insider transaction on a Form 4. An officer made a gift (Code G) of 5,000 shares of common stock on 11/10/2025 at a price of $0. Following the transaction, the reporting person directly beneficially owns 178,842 shares.
Remarks identify the reporting person as the company’s General Counsel. This filing records a change in insider holdings rather than a market sale.
ExlService Holdings (EXLS) reported an insider transaction by Chairman & CEO Rohit Kapoor. On 11/05/2025, he made a bona fide gift of 1,250 shares of common stock at $0 (transaction code G). Following this transaction, he beneficially owns 995,680 shares directly.
He also reports indirect holdings through family trusts, including 885,670 shares and 665,925 shares, among other positions held via the listed trusts.
ExlService Holdings (EXLS) reported Q3 2025 results with revenues of $529,585 and net income of $58,161. Diluted EPS was $0.36 as gross profit reached $203,936 while operating income rose to $76,174. Year-to-date, revenues were $1,545,064 with net income of $190,773.
Growth was broad-based: Insurance $180,547, Healthcare and Life Sciences $135,271, Banking, Capital Markets and Diversified Industries $120,996, and International Growth Markets $92,771. By service, data and AI-led revenue was $298,470 and digital operations was $231,115. The company generated $233,336 in cash from operating activities for the nine months. Cash and cash equivalents were $160,309; borrowings totaled $354,820, including a $260,000 revolving credit facility and $94,820 term loan. EXLS executed a 2025 accelerated share repurchase on July 29, recording $100,000 to treasury stock and a $25,000 prepayment in additional paid-in capital. Shares outstanding were 158,882,631 as of September 30, 2025; 158,700,885 as of October 24, 2025.
ExlService Holdings, Inc. furnished an update on its business performance by reporting results of operations for the three months ended September 30, 2025. The company provided these details through a press release dated October 28, 2025, which is included as Exhibit 99.1.
The press release, incorporated by reference in this report, offers more information on the company’s financial condition and operating results for that period. The information in this item and Exhibit 99.1 is being furnished rather than filed under securities law provisions.
ExlService Holdings (EXLS) disclosed an initial statement of beneficial ownership on Form 3 for an insider with an event date of 10/15/2025. The filing reports that no securities are beneficially owned.
The relationship section indicates the reporting person is a director, and the remarks note the individual serves as the Company’s General Counsel. The filing was made by one reporting person.