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Nasdaq · Technology

INNODATA INC (INOD)

As-reported financials and SEC filings for INNODATA INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About INNODATA INC

Innodata Inc. is a global data engineering and AI systems services company that supports the development, training, evaluation, and deployment of advanced artificial intelligence systems. The company provides training and post-training data development, alignment and safety evaluation, and AI enablement services to leading technology companies, AI research labs, and enterprises. Innodata also offers AI-enabled industry platforms, including Synodex for medical data and Agility PR Solutions for media intelligence and public relations workflows.

Snapshot

Revenue
$251.7M
Revenue growth (YoY)
47.6%
Net income
$32.2M
Diluted EPS
$0.92
Gross margin
Operating margin
15.8%
Net margin
12.8%
FCF margin
14.2%
ROE
30.1%
net income / fiscal-year-end equity
P/E
43.7×
trailing when available, otherwise FY EPS
Market cap
$1.94B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Innodata

  • Revenue grew 47.6% to $252M in FY2025, slower than the 96.4% the year before.
  • Most recent quarter Q2 FY2026: revenue $92M, up 57.8% from Q2 FY2025.
  • Free cash flow was $36M in FY2025, 14.2% of revenue.
  • Net income rose 12.3% to $32M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Innodata’s fundamentals sit among the 332 software companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin15.8%
79th percentile of 303
Net margin12.8%
73rd percentile of 307
FCF margin14.2%
51st percentile of 285
Revenue growth (YoY)+47.6%
91st percentile of 325
ROE30.1%
87th percentile of 285
P/E43.7×
71st percentile of 169
Short interest2.25d
32nd percentile of 330

Innodata’s revenue growth of +47.6% ranks in the 91st percentile of the 325 software companies reporting it. Innodata’s return on equity of 30.1% ranks in the 87th percentile of the 285 software companies reporting it.

No reported insider purchases (code P) in the last 90 days; 13 insider sales totaling $32.0M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+7 quant / multi-strat
Initiated / added
6
2 new, 4 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$138.6M
reported long value
InvestorAs ofPosition valueSharesChange
D. E. ShawquantQ2 2026$66.4M878.8KAdded
Two Sigma InvestmentsquantQ2 2026$30.9M409.0KAdded
Renaissance TechnologiesquantQ2 2026$22.2M294.3KNew
AQR Capital ManagementquantQ2 2026$9.7M127.8KAdded
Point72 Asset ManagementquantQ2 2026$6.1M80.3KAdded
Citadel AdvisorsquantQ2 2026$1.8M24.4KReduced
Millennium ManagementquantQ2 2026$937,94812.4KReduced
Gotham Asset ManagementQ2 2026$528,9097.0KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
13
$32.0M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-16
ABUHOFF JACKCEOSell54.4K$109.55$6.0M
2026-06-16
ABUHOFF JACKCEOSell42.9K$111.50$4.8M
2026-06-16
ABUHOFF JACKCEOSell41.6K$110.42$4.6M
2026-06-16
ABUHOFF JACKCEOSell23.6K$112.39$2.7M
2026-06-16
ABUHOFF JACKCEOSell19.1K$108.31$2.1M
2026-06-16
ABUHOFF JACKCEOSell16.9K$107.31$1.8M
2026-06-16
ABUHOFF JACKCEOSell1.6K$113.16$177K
2026-06-15
filed 2026-06-16
ABUHOFF JACKCEOSell32.9K$106.52$3.5M
2026-06-15
filed 2026-06-16
ABUHOFF JACKCEOSell25.7K$105.81$2.7M
2026-06-15
filed 2026-06-16
ABUHOFF JACKCEOSell15.9K$104.64$1.7M
2026-06-15
filed 2026-06-16
ABUHOFF JACKCEOSell12.0K$103.49$1.2M
2026-06-15
filed 2026-06-16
ABUHOFF JACKCEOSell6.2K$107.35$670K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
4.6M
settled 2026-08-14
Change vs prior
+4.7%
vs previous settlement
Days to cover
2.25
at avg daily volume
Avg daily volume
2.1M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-144.6M+4.7%2.25
2026-07-314.4M-3.6%4.72
2026-07-154.6M+28.0%4.25
2026-06-303.6M+40.0%2.45
2026-06-152.6M-1.1%1.51
2026-05-292.6M-11.5%1.41
2026-05-152.9M-44.6%1.00
2026-04-305.3M-0.7%6.22

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$251.7M$170.5M$86.8M$79.0M$69.8M
Gross profit
Operating income$39.9M$24.3M$318,000
Net income$32.2M$28.7M$-908,000$-11.9M$-1.7M
Diluted EPS$0.92$0.89$-0.03$-0.44$-0.06

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$82.2M$46.9M$13.8M$9.8M$18.9M
Current assets$135.4M$81.0M$32.1M$23.7M$34.0M
Total assets$168.6M$113.4M$59.4M$48.0M$59.2M
Current liabilities$50.5M$39.5M$22.9M$20.8M$21.3M
Long-term debt$5.1M$6.2M
Total liabilities$61.5M$50.1M$34.4M$30.0M$32.8M
Total equity$107.1M$63.4M$25.0M$18.8M$29.9M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$46.8M$34.9M$5.9M$-1.2M$5.2M
Capital expenditure$11.1M$7.7M$5.6M$6.5M$4.4M
Free cash flow$35.6M$27.1M$339,000$-7.7M$783,000

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$92.1M57.8%$14.4M$0.41
Q1 FY2026$90.1M54.4%$14.9M$0.42
Q4 FY2025$72.4M22.3%$8.8M$0.25
Q3 FY2025$62.5M19.8%$8.3M$0.24
Q2 FY2025$58.4M79.4%$7.2M$0.20
Q1 FY2025$58.3M120.1%$7.8M$0.22
Q4 FY2024$59.2M126.6%$10.3M$0.36
Q3 FY2024$52.2M135.6%$17.4M$0.51

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryServices-Computer Processing & Data Preparation
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing1998
SEC CIK903651

Selected SEC filings

10-Q2026-08-06
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-06-17
View on EDGAR →
8-K2026-06-08
View on EDGAR →

Largest software peers

All software stocksAll Technology companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.