Every 10-Q that Innodata Inc. (INOD) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow INOD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full INOD filings page.
Innodata Inc. reported higher results for Q2 2026, with revenues of $92,142 (in thousands) up from $58,393 (in thousands) a year earlier and net income of $14,412 (in thousands) up from $7,219 (in thousands); diluted EPS increased to $0.41 from $0.20. For the first six months of 2026, revenues were $182,238 (in thousands) and net income was $29,310 (in thousands).
Cash and cash equivalents rose to $240,278 (in thousands) at June 30, 2026, supported by $164,441 (in thousands) of operating cash flow, largely reflecting higher advances from customers and accounts payable. Total assets reached $356,673 (in thousands) and stockholders’ equity $159,534 (in thousands). Revenue remains concentrated, with one customer contributing 37% and another 34% of Q2 2026 revenues, and two customers accounting for 66% of accounts receivable.
Innodata Inc. reported strong results for the three months ended March 31, 2026, with revenue of $90.1 million and net income of $14.9 million, both significantly higher than a year ago. Gross profit reached $39.8 million and Adjusted EBITDA was $25.0 million, reflecting improved scale and operating leverage.
Operating cash flow jumped to $37.3 million, lifting cash and cash equivalents to $117.4 million. The company now reports as a single segment and remains highly concentrated, with one customer providing 56% of revenue and another 17%.
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’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.