MARKETS / NASDAQ / INOD

NASDAQ · SERVICES-COMPUTER PROCESSING & DATA PREPARATION · SMALL CAP

Innodata Inc. INOD

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$251.7M

▲ 47.6% YoY

Net income

$32.2M

▲ 12.3% YoY

Free cash flow

$35.6M

▲ 31.4% YoY

In brief

What this company does

The company is a global data engineering and AI systems services company that supports the development, training, post-training, evaluation, and deployment of advanced artificial intelligence systems. As of December 31, 2025, it employed 10,107 employees, of which 10,020 were full-time. Its principal executive offices are located at 55 Challenger Road, Ridgefield Park, New Jersey, just outside New York City. The company's operations are classified and reported in three reporting segments: Digital Data Solutions, Synodex and Agility. Its Synodex platform transforms medical records into structured digital data for insurance and healthcare workflows. Its Agility platform provides media intelligence and public relations workflow software enhanced with AI-driven monitoring, analytics, and content capabilities. For the fiscal year ended December 31, 2025, one customer in its Digital Data Solutions segment accounted for approximately 58% of the Company's total revenues. The company was founded in 1988.

Written from the business description in Innodata Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth

USD 251.7M

Revenue, FY2025 · full 17-year series below

Revenue $M Net income $M

FY2025 · Revenue 251.7 · Net income 32.2

Compound annual growth

Revenue

+47.1%

+34.0%

+15.7%

+9.8%

Net income

+120.5%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +34.0% a year over five years — but profit grew faster: net income at +120.5%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

13 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 15.8% · Net 12.8%

ROE

FY2025 · ROE 37.7%

Gross margin39.5%

Operating margin15.8%

Net margin12.8%

Return on assets22.8%

EBITDAUSD 46.8M

Each USD of equity produced 38 cents of profit this year.

Cash & shareholders

—

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 35.6

Net buybacks $M Dividends $M

FY2017 · Dividends — · Net buybacks 0.0

Total assetsUSD 168.6M

EquityUSD 107.1M

CashUSD 82.2M

Current ratio2.68×

Equity funds 64% of total assets.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	0.3	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Operating income $B	0.0	0.0	0.0	−0.0	−0.0	0.0	−0.0	0.0	−0.0	−0.0	−0.0	−0.0	−0.0	0.0	0.0	−0.0	0.0
EBITDA $B	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	−0.0	−0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0
Income tax $B	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	−0.0	0.0
Net income $B	0.0	0.0	−0.0	−0.0	−0.0	0.0	0.0	−0.0	−0.0	−0.0	−0.0	−0.0	−0.0	0.0	0.0	−0.0	0.0
Free cash flow $B	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	−0.0	−0.0	0.0	0.0	−0.0	0.0	−0.0	0.0	0.0
EPS, diluted $	0.92	0.89	−0.03	−0.44	−0.06	0.02	−0.08	−0.01	−0.20	−0.22	−0.11	−0.04	−0.43	0.28	0.18	−0.03	0.28
Dividend / sh $	0.00	0.00	0.00	0.00	0.00	0.00	0.00	·	·	·	·	·	·	·	·	·	·
Payout %	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
ROE %	37.7	64.3	−4.1	−49.0	−5.6	2.2	2.2	−0.8	−15.7	−15.3	−7.3	−2.5	−23.5	16.3	11.1	−1.9	17.8
Shares out B	0.03	0.03	0.03	0.03	0.03	0.03	0.02	0.03	0.03	0.03	0.03	0.03	0.03	0.02	0.02	0.03	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 69 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityServices-Computer Processing & Data Preparation

Listed onNASDAQ

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2009