Innodata SEC Filings

Innodata Inc. (INOD) reported a director equity grant on a Form 4. On 11/11/2025, Director Daniel H. (Don) Callahan acquired 1,673 shares at $0, representing restricted stock units (RSUs). The RSUs vest 100% on the earlier of November 11, 2026 or the company’s 2026 annual meeting, and will be settled in common stock upon vesting. Following the transaction, he beneficially owns 1,673 shares, held directly.

Innodata (INOD) executive Rahul Singhal, President and CRO, filed an initial statement of beneficial ownership. He reports 95,000 shares of common stock, which include 60,000 RSUs vesting in three equal installments on December 20, 2025, 2026, and 2027.

He also holds options for 26,667 shares at $3.41 expiring 10/06/2032 (fully vested) and options for 80,000 shares at $43.01 expiring 12/19/2034, vesting in three equal installments on December 20, 2025, 2026, and 2027. The date of the event is 11/05/2025.

Innodata (INOD) director Louise C. Forlenza reported selling 8,278 shares of common stock at $65 on November 12, 2025.

Following the transaction, she reports 3,943 restricted stock units (RSUs) that will vest 100% on the earlier of June 5, 2026 or the company’s 2026 annual meeting, and will be settled in shares upon vesting.

The filing notes the sale was part of her personal investment and financial planning, including retirement planning and portfolio diversification.

Innodata Inc. (INOD) disclosed an initial beneficial ownership filing. Director Richard Clarke submitted a Form 3 for the event dated 11/05/2025, stating that no securities are beneficially owned.

The filing was executed by attorney-in-fact Amy Agress, with a Power of Attorney included as Exhibit 24.

Innodata Inc. (INOD) director Daniel H. (Don) Callahan filed a Form 3, the initial statement of beneficial ownership. He reported no securities beneficially owned as of 11/05/2025.

The filing was submitted by attorney-in-fact Amy Agress, with an EX-24 Power of Attorney attached.

Innodata Inc. announced leadership changes. Nauman (Nick) Toor resigned as Chairman and director, effective November 6, 2025, with no disagreement cited. The Board elected Daniel H. (Don) Callahan and General (Ret.) Richard Clarke as independent directors as of the same date, filling the vacancy.

Under company policy, each new director will receive $75,000 per year, paid monthly, plus a prorated equity grant under the 2021 plan. The Board deemed both directors independent. Callahan joins the Audit and Compensation Committees; Clarke joins the Nominating Committee. Jack S. Abuhoff will serve as Chairman of the Board and continue as Chief Executive Officer, while Stewart R. Massey becomes Lead Independent Director.

The company amended Mr. Abuhoff’s employment agreement to reflect that he will cease serving as President as of the effective date. The Board appointed Rahul Singhal as President and Chief Revenue Officer effective November 6, 2025. Customary indemnification agreements were entered into, and a press release was issued.

Innodata Inc. reported Q3 2025 results. Revenue was $62.6 million versus $52.2 million a year ago, and diluted EPS was $0.24. Net income was $8.3 million compared with $17.4 million in Q3 2024, when the company recorded a tax benefit; in Q3 2025, the tax provision was $3.8 million.

For the first nine months, revenue reached $179.3 million, up from $111.3 million, with diluted EPS of $0.67 and net income of $23.3 million. Operating cash flow for the period was $33.9 million, supporting cash and equivalents of $73.9 million at quarter-end. Accounts receivable, net, were $39.4 million. Deferred revenues were $7.0 million. Shares outstanding were 31,860,951 as of October 31, 2025.

Stock-based compensation expense rose to $2.7 million in Q3 and $8.3 million year-to-date. The company maintained total assets of $152.9 million and stockholders’ equity of $97.2 million.

Innodata Inc. (INOD) furnished a press release announcing its third quarter 2025 financial results. The release is provided as Exhibit 99.1 to a Form 8-K dated November 6, 2025.

Consistent with General Instruction B.2 of Form 8‑K, the materials, including Exhibit 99.1, are deemed furnished and not filed under the Exchange Act, and are not incorporated by reference except as expressly set forth in a future filing.

Innodata’s Q2-25 10-Q shows a sharp inflection in growth and profitability. Revenue jumped 79% YoY to $58.4 M, lifting H1 sales 98% to $116.7 M. Operating leverage was evident: Q2 direct costs rose 52% and SG&A 56%, well below the top-line pace, driving income before taxes to $9.5 M (16.3% margin) versus $0.3 M last year. Net income reached $7.2 M, translating to diluted EPS of $0.20 vs. breakeven; six-month EPS is $0.43 (vs. $0.03).

Cash generation and balance-sheet strength improved. Operating cash flow was $15.1 M YTD, funding $4.1 M of capex and $1.2 M of option-exercise proceeds, pushing cash to $59.8 M (+28% since 12/24). Equity rose 37% to $86.6 M, aided by $15.0 M of earnings and $7.1 M additional paid-in capital. Deferred revenue fell to $6.5 M (-19%) and total liabilities dropped to $46.0 M, keeping net cash positive.

• Gross accounts receivable up 20% to $35.7 M; allowance remains conservative at 3.9% of receivables.
• Tax rate fell to 16.1% on valuation-allowance releases in Canada & Germany.
• Stock-based comp surged to $5.6 M H1 (vs. $2.0 M).
• SEC & DOJ closed investigations with no action; a securities class action is still pending.
• Philippines labor judgment (~$5.8 M) remains unresolved; aggregate reasonably possible losses ≈$0.45 M above accruals.

Takeaway: Innodata is converting AI-driven demand into accelerating revenue, widening margins and a stronger cash position, though elevated equity compensation and outstanding litigation bear monitoring.