Innodata Inc

INOD Technology Information Technology Services

Innodata Inc’s revenue for fiscal 2025 (year ended December 2025) was $251.7 million, up 47.6% from fiscal 2024. In the quarter to June 2026, revenue grew 57.8%, EPS grew 87.0%, free cash flow grew 4,885.7% and total debt rose 771.4%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.

52.82 3.75 −6.63%
Market cap
$2.0B
P/E
36.9×
Fwd P/E
94.5×
Dividend yield
—
F-score
6/9
Altman Z
19.10
Beneish M
−2.42
Dividend safety
n/a

An Income Statement, also known as a Profit and Loss Statement, summarizes a company's revenues, expenses, and profits over a specific period. It highlights how revenue is transformed into net income, showcasing operational efficiency. Key components include total revenue, cost of goods sold (COGS), gross profit, operating expenses, and net profit. Businesses use the Income Statement to assess financial performance, make strategic decisions, and ensure profitability. Investors and stakeholders analyze it to gauge the company’s financial health and future growth potential.

Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
Revenue
251.66 170.46 86.78 79.00 69.76 58.24 55.86 57.42 60.93 63.07
Revenue Growth
47.64% 96.44% 9.84% 13.25% 19.77% 4.26% (2.72%) (5.76%) (3.40%) 7.78%
Cost of Revenue
152.18 103.39 55.48 51.53 43.49 38.40 37.33 39.30 45.83 47.22
Gross Profit
99.48 67.07 31.29 27.47 26.26 19.84 18.53 18.12 15.10 15.86
SG&A Expenses
59.61 42.74 30.98 37.94 27.91 18.66 19.48 15.85 20.20 19.54
Operating Income
39.87 24.34 0.32 (10.47) (1.65) 1.18 (0.95) 1.60 (5.10) (4.72)
Non-operating Income/Expense
1.55 0.15 (0.18) (0.01) 0.69 (0.13) (0.12) (0.03) 0.02 (0.06)
Non-operating Interest Expenses
(1.55) (0.15) 0.18 0.01 (0.11) 0.14 0.12 0.03 (0.02) 0.06
EBT
41.43 24.49 0.14 (10.48) (0.96) 1.05 (1.07) 1.56 (5.07) (4.78)
Income Tax Provision
9.24 (4.19) 1.03 1.52 0.84 0.40 1.09 1.81 0.29 1.13
Income after Tax
32.18 28.68 (0.89) (12.00) (1.80) 0.64 (2.16) (0.25) (5.36) (5.91)
Dividends (Preferred)
— — — — — — — 0.00 0.00 0.00
Non-Controlling Interest
— 0.02 0.02 (0.07) (0.13) 0.03 (0.02) 0.01 (0.30) (0.39)
Net Income Common
32.18 28.66 (0.91) (11.93) (1.67) 0.62 (2.14) (0.25) (5.05) (5.52)
EPS (Basic)
1.01 0.98 (0.03) (0.44) (0.06) 0.03 (0.08) (0.01) (0.20) (0.22)
EPS (Diluted)
0.92 0.89 (0.03) (0.44) (0.06) 0.02 (0.08) (0.01) (0.20) (0.22)
Shares (Basic, Weighted)
31.81 29.16 28.13 27.28 26.63 24.61 25.77 25.88 25.82 25.54
Shares (Diluted, Weighted)
35.03 32.18 28.13 27.28 26.63 25.57 25.77 25.88 25.82 25.54
Gross Margin
39.53% 39.35% 36.06% 34.77% 37.65% 34.07% 33.18% 31.55% 24.79% 25.14%
EBIT Margin
15.84% 14.28% 0.37% (13.26%) (2.37%) 2.03% (1.70%) 2.78% (8.37%) (7.49%)
EBT margin
16.46% 14.36% 0.16% (13.27%) (1.38%) 1.79% (1.91%) 2.72% (8.33%) (7.59%)
Net Profit Margin
12.79% 16.81% (1.05%) (15.11%) (2.40%) 1.06% (3.83%) (0.44%) (8.30%) (8.76%)
Free Cash Flow Margin
14.16% 15.91% 0.39% (9.80%) 1.12% 7.36% 4.68% 2.67% (4.55%) (8.68%)
EBITDA
46.76 30.13 5.03 (6.58) 1.22 3.45 1.75 5.64 (1.42) (1.53)
EBIT
39.87 24.34 0.32 (10.47) (1.65) 1.18 (0.95) 1.60 (5.10) (4.72)
Income from Continuous Operations
32.18 28.68 (0.89) (12.00) (1.80) 0.64 (2.16) (0.25) (5.36) (5.91)
Consolidated Net Income/Loss
32.18 28.68 (0.89) (12.00) (1.80) 0.64 (2.16) (0.25) (5.36) (5.91)
EPS (Basic, from Continuous Ops)
1.01 0.98 (0.03) (0.44) (0.07) 0.03 (0.08) (0.01) (0.21) (0.23)
EPS (Basic, Consolidated)
1.01 0.98 (0.03) (0.44) (0.07) 0.03 (0.08) (0.01) (0.21) (0.23)
EPS (Diluted, from Cont. Ops)
0.92 0.89 (0.03) (0.44) (0.07) 0.03 (0.08) (0.01) (0.21) (0.23)
Shares (Diluted, Average)
35.03 32.18 28.13 27.28 26.63 25.57 25.77 25.88 25.82 25.54
EPS (Diluted, Consolidated)
0.92 0.89 (0.03) (0.44) (0.07) 0.03 (0.08) (0.01) (0.21) (0.23)
EBITDA Margin
18.58% 17.68% 5.80% (8.33%) 1.75% 5.92% 3.13% 9.83% (2.34%) (2.42%)
Operating Cash Flow Margin
18.58% 20.45% 6.80% (1.54%) 7.38% 9.72% 7.66% 6.21% 1.05% (4.34%)

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In millions of $ except per-share values · columns are period end dates