Innodata Inc. (INOD) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the INOD SEC filings page.
Innodata Inc. (INOD) reported $317.2M in revenue over the twelve months to Jun 30, 2026, up 39.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Rapid growth is increasingly converting into profit and cash while margins hold steady and financing dependence declines.
Revenue expanded47.6% from FY2024 to FY2025 while gross margin stayed near39.5% , so the improvement was not chiefly a richer gross-profit mix. Operating margin reached15.8% as selling, general, and administrative spending grew39.5% , indicating that overhead was absorbed more efficiently as the business scaled.
FY2025 operating cash flow was
The balance sheet strengthened alongside expansion: current ratio rose from 2.1x in FY2024 to 2.7x in FY2025, giving short-term assets more room over near-term obligations. Debt-to-equity fell from 0.8x to 0.6x, so growth was accompanied by less balance-sheet financing relative to equity.
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Innodata Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Innodata Inc. has an operating margin of 15.8%, meaning the company retains $16 of operating profit per $100 of revenue. This results in a moderate score of 64/100, indicating healthy but not exceptional operating efficiency. This is up from 14.3% the prior year.
Innodata Inc.'s revenue surged 47.6% year-over-year to $251.7M, reflecting rapid business expansion. This strong growth earns a score of 97/100.
Innodata Inc. has a moderate D/E ratio of 0.57. This balance of debt and equity financing earns a leverage score of 58/100.
With a current ratio of 2.68, Innodata Inc. holds $2.68 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 74/100.
Innodata Inc. converts 14.2% of revenue into free cash flow ($35.6M). This strong cash generation earns a score of 71/100.
Innodata Inc. earns a strong 30.0% return on equity (ROE), meaning it generates $30 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 79/100. This is down from 45.1% the prior year.
Innodata Inc. scores 23.82, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.1B) relative to total liabilities ($61.5M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Innodata Inc. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Innodata Inc. generates $1.45 in operating cash flow ($46.8M OCF vs $32.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Innodata Inc. generated $92.1M in revenue in Q2 2026. This represents an increase of 57.8% from the same quarter a year earlier. Against the prior quarter it is up 2.3%.
Innodata Inc. reported $14.4M in net income in Q2 2026. This represents an increase of 99.6% from the same quarter a year earlier. Against the prior quarter it is down 3.3%.
Innodata Inc. earned $0.41 per diluted share (EPS) in Q2 2026. This represents an increase of 105.0% from the same quarter a year earlier. Against the prior quarter it is down 2.4%.
Not reported for Q2 2026.
Cash & Balance Sheet
Innodata Inc. generated $124.3M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 4885.7% from the same quarter a year earlier. Against the prior quarter it is up 256.8%.
Innodata Inc. held $240.3M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Innodata Inc.'s net profit margin was 15.6% in Q2 2026, showing the share of revenue converted to profit. This is up 3.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.9 percentage points.
Innodata Inc.'s ROE was 9.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.6 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Innodata Inc. invested $2.9M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 69.1% from the same quarter a year earlier. Against the prior quarter it is up 19.3%.
Not reported for Q2 2026.
Not reported for Q2 2026.
INOD Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $92.1M+57.8% | $90.1M+54.4% | $72.4M+22.3% | $62.5M+19.8% | $58.4M+79.4% | $58.3M+120.1% | $59.2M+126.6% | $52.2M+135.6% |
| Gross Profit | N/A | N/A | $27.7M+3.5% | $25.5M+19.6% | $23.0M+146.2% | $23.3M+141.3% | $26.8M | $21.3M |
| SG&A Expenses | $26.6M+88.5% | $22.9M+52.8% | $16.8M+8.2% | $13.7M+38.7% | $14.1M+56.5% | $15.0M+80.4% | $15.5M+89.0% | $9.9M+33.9% |
| Operating Income | N/A | N/A | $10.9M-2.9% | $11.8M+3.0% | $8.9M+2592.1% | $8.3M+522.0% | $11.3M | $11.4M |
| EBITDA | N/A | N/A | $12.9M+0.6% | $13.5M+4.3% | $10.5M+501.0% | $9.8M+278.9% | $12.8M | $13.0M |
| Income Tax | $3.1M+38.5% | $2.4M+299.3% | $2.5M+141.7% | $3.8M+164.6% | $2.3M+696.1% | $612K+44.3% | $1.0M+321.4% | -$5.9M-1689.3% |
| Net Income | $14.4M+99.6% | $14.9M+91.3% | $8.8M-14.2% | $8.3M-52.0% | $7.2M+51664.3% | $7.8M+687.4% | $10.3M+523.4% | $17.4M+4587.1% |
| EPS (Basic) | $0.43+87.0% | $0.46+84.0% | $0.27-20.6% | $0.26-56.7% | $0.23 | $0.25+733.3% | $0.34+466.7% | $0.60+5900.0% |
| EPS (Diluted) | $0.41+105.0% | $0.42+90.9% | $0.25-26.5% | $0.24-52.9% | $0.20 | $0.22+633.3% | $0.34+466.7% | $0.51+5000.0% |
| Diluted Shares (Avg) | 35M-1.5% | 36M+1.8% | N/A | 35M+3.7% | 35M+22.2% | 35M+8.4% | N/A | 34M+4.8% |
Not reported in any period shown, so not listed: Cost of Revenue, R&D Expenses, Interest Expense.
INOD Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $356.7M+168.9% | $210.4M+68.0% | $168.6M+48.6% | $152.9M+73.4% | $132.6M+101.0% | $125.2M+97.0% | $113.4M+90.9% | $88.2M+56.3% |
| Current Assets | $320.8M+218.6% | $173.8M+88.2% | $135.4M+67.2% | $119.8M+118.6% | $100.7M+162.6% | $92.3M+150.5% | $81.0M+152.5% | $54.8M+86.8% |
| Cash & Equivalents | $240.3M+301.9% | $117.4M+107.5% | $82.2M+75.3% | $73.9M+180.2% | $59.8M+262.2% | $56.6M+198.1% | $46.9M+239.7% | $26.4M+78.0% |
| Short-Term Investments | $10.1M | $0 | $14K0.0% | $0-100.0% | $0-100.0% | $0-100.0% | $14K0.0% | $14K+7.7% |
| Accounts Receivable | $47.6M+39.4% | $45.9M+55.3% | $46.5M+66.0% | $39.4M+70.1% | $34.1M+87.9% | $29.6M+110.3% | $28.0M+96.1% | $23.2M+117.2% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $2.0M-2.4% | $2.1M+1.7% | $2.1M+4.1% | $2.1M-0.8% | $2.1M+2.1% | $2.0M-1.8% | $2.0M-3.7% | $2.1M+2.6% |
| Total Liabilities | $197.1M+328.7% | $82.2M+65.1% | $61.5M+22.9% | $55.7M+35.3% | $46.0M+22.0% | $49.8M+35.7% | $50.1M+45.4% | $41.2M+20.1% |
| Current Liabilities | $185.6M+428.5% | $69.8M+78.3% | $50.5M+27.9% | $44.5M+49.4% | $35.1M+33.2% | $39.1M+54.9% | $39.5M+72.3% | $29.8M+30.0% |
| Non-Current Liabilities | $11.5M+6.2% | $12.5M+16.7% | $11.0M+4.2% | $11.2M-1.9% | $10.9M-4.1% | $10.7M-6.8% | $10.6M-8.2% | $11.4M+0.1% |
| Total Equity | $159.6M+84.0% | $128.3M+69.9% | $107.1M+68.8% | $97.3M+104.0% | $86.7M+199.3% | $75.5M+173.9% | $63.5M+146.9% | $47.7M+108.7% |
| Retained Earnings | $80.5M+136.8% | $66.1M+146.8% | $51.2M+169.6% | $42.3M+387.6% | $34.0M+490.3% | $26.8M+407.8% | $19.0M+296.0% | $8.7M+176.6% |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
INOD Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $127.2M+2927.4% | $37.3M+245.3% | $12.9M-25.0% | $18.9M+66.0% | $4.2M+1025.3% | $10.8M+59.4% | $17.2M+14970.2% | $11.4M+608.0% |
| Depreciation & Amortization | $2.3M+43.6% | $2.2M+39.2% | $2.0M+25.3% | $1.7M+13.9% | $1.6M+12.9% | $1.6M+23.5% | $1.6M+27.5% | $1.5M+24.1% |
| Stock-Based Compensation | N/A | $5.9M+105.1% | N/A | N/A | N/A | $2.9M+178.6% | N/A | N/A |
| Capital Expenditures | $2.9M+69.1% | $2.4M+3.0% | $2.8M+27.0% | $4.2M+190.6% | $1.7M-37.4% | $2.4M+75.5% | $2.2M+78.4% | $1.5M+11.2% |
| Free Cash Flow | $124.3M+4885.7% | $34.8M+312.8% | $10.1M-32.7% | $14.7M+47.8% | $2.5M+178.3% | $8.4M+55.5% | $15.0M+1424.0% | $9.9M+3227.5% |
| Investing Cash Flow | -$13.0M-659.2% | -$2.4M-3.0% | -$2.8M-27.0% | -$4.2M-190.6% | -$1.7M+37.4% | -$2.4M-75.5% | -$2.2M-78.2% | -$1.5M-11.3% |
| Financing Cash Flow | $9.1M+2094.7% | $901K-3.9% | -$1.6M-126.1% | -$209K-7.2% | $413K-39.5% | $938K+422.3% | $6.0M+13881.4% | -$195K-123.2% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
INOD Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | 38.3%-6.9pp | 40.8%-0.1pp | 39.4%+10.7pp | 39.9%+3.5pp | 45.2% | 40.8% |
| Operating Margin | N/A | N/A | 15.1%-3.9pp | 18.8%-3.1pp | 15.3%+14.2pp | 14.2%+9.2pp | 19.0% | 21.9% |
| Net Margin | 15.6%+3.3pp | 16.5%+3.2pp | 12.2%-5.2pp | 13.3%-20.0pp | 12.4%+12.4pp | 13.4%+9.6pp | 17.4%+11.1pp | 33.3%+31.6pp |
| Return on Equity | 9.0%+0.7pp | 11.6%+1.3pp | 8.2%-8.0pp | 8.6%-27.9pp | 8.3%+8.4pp | 10.3%+6.7pp | 16.2%+9.8pp | 36.4%+34.8pp |
| Return on Assets | 4.0%-1.4pp | 7.1%+0.9pp | 5.2%-3.8pp | 5.5%-14.3pp | 5.4%+5.5pp | 6.2%+4.7pp | 9.1%+6.3pp | 19.7%+19.1pp |
| Current Ratio | 1.73-1.1x | 2.49+0.1x | 2.68+0.6x | 2.69+0.9x | 2.87+1.4x | 2.36+0.9x | 2.05+0.7x | 1.84+0.6x |
| Debt-to-Equity | 1.24+0.7x | 0.640.0x | 0.57-0.2x | 0.57-0.3x | 0.53-0.8x | 0.66-0.7x | 0.79-0.6x | 0.86-0.6x |
| Asset Turnover | 0.26-0.2x | 0.430.0x | 0.43-0.1x | 0.41-0.2x | 0.44-0.1x | 0.470.0x | 0.52+0.1x | 0.59+0.2x |
| FCF Margin | 134.9% | 38.7%+24.2pp | 13.9%-11.4pp | 23.4%+4.4pp | 4.3%+14.0pp | 14.5%-6.0pp | 25.3%+29.6pp | 19.0%+17.7pp |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Innodata Inc. INOD | FY2025 | $251.7M | $32.2M | 12.8% | $2.1B | 74/100 |
| NCR Voyix Corporation VYX | FY2025 | $2.7B | $62.0M | 2.3% | $926.4M | 18/100 |
| BigBear.ai Holdings, Inc. BBAI | FY2025 | $127.7M | -$294.0M | N/A | $1.2B | 43/100 |
| TaskUs, Inc. TASK | FY2025 | $1.2B | $102.3M | 8.6% | $723.4M | 70/100 |
| N-able, Inc. NABL | FY2025 | $508.8M | -$18.8M | -3.7% | $846.3M | 52/100 |
| Penguin Solutions, Inc. PENG | FY2025 | $1.4B | $25.4M | 1.8% | $3.7B | 52/100 |
Where Innodata Inc. Ranks
Frequently Asked Questions
What is Innodata Inc.'s annual revenue?
Innodata Inc. (INOD) reported $251.7M in total revenue for fiscal year 2025. This represents a 47.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Innodata Inc.'s revenue growing?
Innodata Inc. (INOD) revenue grew by 47.6% year-over-year, from $170.5M to $251.7M in fiscal year 2025.
Is Innodata Inc. profitable?
Yes, Innodata Inc. (INOD) reported a net income of $32.2M in fiscal year 2025, with a net profit margin of 12.8%.
What is Innodata Inc.'s EBITDA?
Innodata Inc. (INOD) had EBITDA of $46.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Innodata Inc.'s gross margin?
Innodata Inc. (INOD) had a gross margin of 39.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Innodata Inc.'s operating margin?
Innodata Inc. (INOD) had an operating margin of 15.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Innodata Inc.'s net profit margin?
Innodata Inc. (INOD) had a net profit margin of 12.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Innodata Inc.'s return on equity (ROE)?
Innodata Inc. (INOD) has a return on equity of 30.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Innodata Inc.'s free cash flow?
Innodata Inc. (INOD) generated $35.6M in free cash flow during fiscal year 2025. This represents a 31.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Innodata Inc.'s operating cash flow?
Innodata Inc. (INOD) generated $46.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Innodata Inc.'s total assets?
Innodata Inc. (INOD) had $168.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Innodata Inc.'s capital expenditures?
Innodata Inc. (INOD) invested $11.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Innodata Inc.'s current ratio?
Innodata Inc. (INOD) had a current ratio of 2.68 as of fiscal year 2025, which is generally considered healthy.
What is Innodata Inc.'s debt-to-equity ratio?
Innodata Inc. (INOD) had a debt-to-equity ratio of 0.57 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Innodata Inc.'s return on assets (ROA)?
Innodata Inc. (INOD) had a return on assets of 19.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Innodata Inc.'s P/E ratio?
Innodata Inc. (INOD) trades at 45.3x earnings, its market capitalization divided by net income of $46.5M net income, trailing 12 months to June 30, 2026. The market capitalization is $2.1B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Innodata Inc.'s price-to-sales ratio?
Innodata Inc. (INOD) trades at 6.6x sales, its market capitalization divided by revenue of $317.2M revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.1B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Innodata Inc.'s Altman Z-Score?
Innodata Inc. (INOD) has an Altman Z-Score of 23.82, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Innodata Inc.'s Piotroski F-Score?
Innodata Inc. (INOD) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Innodata Inc.'s earnings high quality?
Innodata Inc. (INOD) has an earnings quality ratio of 1.45x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Innodata Inc.?
Innodata Inc. (INOD) scores 74 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.