INOD

+ Watchlist + Portfolio

Innodata Inc.

GridBrain — Sign in

GridSentinel — Sign in

GridAegis — Sign in

Key Metrics

Previous Close: $62.78
52-Week Range: $34.23 – $125.14
Market Cap: $2.16B
P/E (TTM): 48.67
EPS (TTM): 1.29
Dividend Yield: —

Advanced Metrics

Price/Book: 15.99
PEG Ratio: 0.87
Return on Equity: 37.77%
Return on Assets: 14.17%
Gross Margin: 43.20%
Operating Margin: 17.21%
Profit Margin: 14.66%
Current Ratio: 1.73
Debt/Equity: 0.02
Total Debt: $3.83M
Free Cash Flow: $169.77M
Revenue Growth: 57.80%
Earnings Growth: 105.00%
Enterprise Value: $1.91B

INOD Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$79.00M	$86.78M	$170.46M	$251.66M
Cost of Revenue	$51.53M	$55.48M	$103.39M	$152.18M
Gross Profit	$27.47M	$31.29M	$67.07M	$99.48M
Selling, General & Admin	$37.94M	$30.98M	$42.74M	$59.61M
Operating Expenses	$37.94M	$30.98M	$42.74M	$59.61M
Operating Income	-$10.47M	$318.00K	$24.34M	$39.87M
EBITDA	-$6.58M	$5.03M	$30.13M	$46.76M
Pretax Income	-$10.48M	$139.00K	$24.48M	$41.42M
Income Tax	$1.52M	$1.03M	-$4.19M	$9.24M
Net Income	-$11.94M	-$908.00K	$28.66M	$32.18M
Diluted EPS	-0.44	-0.03	0.89	0.92
Diluted Shares	27.28M	28.13M	32.18M	35.02M

INOD Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$9.79M	$13.81M	$46.90M	$82.23M
Receivables	$9.53M	$14.29M	$28.01M	$46.51M
Current Assets	$23.68M	$32.08M	$81.00M	$135.39M
Total Assets	$48.04M	$59.43M	$113.45M	$168.59M
Current Liabilities	$20.82M	$22.93M	$39.51M	$50.53M
Total Debt	$4.73M	$5.48M	$4.66M	$4.43M
Total Liabilities	$30.00M	$34.44M	$50.06M	$61.53M
Retained Earnings	-$8.78M	-$9.68M	$18.98M	$51.16M
Shareholders' Equity	$18.77M	$25.70M	$63.47M	$107.14M
Working Capital	$2.87M	$9.14M	$41.49M	$84.86M

INOD Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$1.22M	$5.90M	$34.86M	$46.75M
Capital Expenditure	-$6.53M	-$5.56M	-$7.74M	-$11.10M
Free Cash Flow	-$7.74M	$339.00K	$27.12M	$35.65M
Depreciation & Amortisation	$3.89M	$4.72M	$5.80M	$6.89M
Stock-Based Compensation	$3.28M	$4.03M	$4.00M	$11.14M
Investing Cash Flow	-$7.03M	-$5.07M	-$7.74M	-$11.10M
Financing Cash Flow	-$307.00K	$2.87M	$6.21M	-$426.00K
Net Change in Cash	-$8.56M	$3.70M	$33.33M	$35.22M

INOD Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$58.34M	$58.39M	$62.55M	$72.38M	$90.10M
Cost of Revenue	$35.09M	$35.37M	$37.05M	$44.68M	$50.30M
Gross Profit	$23.25M	$23.02M	$25.50M	$27.70M	$39.79M
Selling, General & Admin	$14.98M	$14.11M	$13.74M	$16.77M	$22.89M
Operating Expenses	$14.98M	$14.11M	$13.74M	$16.77M	$22.89M
Operating Income	$8.27M	$8.91M	$11.76M	$10.93M	$16.90M
EBITDA	$9.84M	$10.51M	$13.51M	$12.91M	$19.08M
Pretax Income	$8.40M	$9.49M	$12.18M	$11.36M	$17.34M
Income Tax	$612.00K	$2.27M	$3.84M	$2.53M	$2.44M
Net Income	$7.79M	$7.22M	$8.34M	$8.83M	$14.90M
Diluted EPS	0.22	0.20	0.24	0.25	0.42
Diluted Shares	34.95M	35.30M	35.27M	35.47M	35.57M

INOD Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$56.56M	$59.79M	$73.86M	$82.23M	$117.37M
Receivables	$29.58M	$34.12M	$39.44M	$46.51M	$45.94M
Current Assets	$92.35M	$100.69M	$119.78M	$135.39M	$173.79M
Total Assets	$125.21M	$132.62M	$152.92M	$168.59M	$210.41M
Current Liabilities	$39.13M	$35.12M	$44.52M	$50.53M	$69.77M
Total Debt	$4.45M	$4.22M	$4.68M	$4.43M	$4.10M
Total Liabilities	$49.81M	$45.98M	$55.68M	$61.53M	$82.23M
Retained Earnings	$26.76M	$33.98M	$42.33M	$51.16M	$66.06M
Shareholders' Equity	$75.48M	$86.72M	$97.32M	$107.14M	$128.26M
Working Capital	$53.21M	$65.57M	$75.26M	$84.86M	$104.02M

INOD Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$10.79M	$4.31M	$18.77M	$12.88M	$37.26M
Capital Expenditure	-$2.35M	-$1.71M	-$4.23M	-$2.82M	-$2.42M
Free Cash Flow	$8.44M	$2.60M	$14.54M	$10.06M	$34.84M
Depreciation & Amortisation	$1.56M	$1.60M	$1.75M	$1.98M	$2.18M
Stock-Based Compensation	$2.88M	$2.72M	$2.71M	$2.83M	$5.91M
Investing Cash Flow	-$2.35M	-$1.71M	-$4.23M	-$2.82M	-$2.42M
Financing Cash Flow	$938.00K	$301.00K	-$97.00K	-$1.57M	$901.00K
Net Change in Cash	$9.38M	$2.91M	$14.44M	$8.49M	$35.74M

Market Snapshot

About

Innodata Inc. is a global data engineering company providing artificial intelligence and machine learning solutions, digital transformation services, and data annotation capabilities. The company helps enterprises and organizations transform unstructured content into structured, actionable intelligence through advanced AI technologies and expert human curation. Innodata serves clients across publishing, media, information services, technology, financial services, and healthcare sectors. The company's services include data annotation for training AI models, content services, digital transformation consulting, and technology platforms for content management and delivery.