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Innodata Inc.

INOD NASDAQ Categories PDF
Technology · Information Technology Services · United States · Updated May 11, 7:40am
$84.85
Price
$2.8B
Market Cap
6,597
Employees
2.40
Beta
Jack S. Abuhoff
CEO
Business Description

Innodata Inc. operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment offers AI-enabled software platforms and managed services to companies that require data for training AI and machine learning (ML) algorithms, and AI digital transformation solutions to help companies apply AI/ML for problems relating to analyzing and deriving insights from documents. This segment provides a range of data engineering support services, including data annotation, data transformation, data transformation, data curation, data hygiene, data consolidation, data compliance, and master data management. The Synodex segment offers an industry platform that transforms medical records into useable digital data with its proprietary data models or client data models. The Agility segment provides an industry platform that provides marketing communications and public relations professionals to target and distribute content to journalists and social media influencers; and to monitor and analyze global news channels, such as print, web, radio, and TV, as well as social media channels. It serves banking, insurance, financial services, technology, digital retailing, and information/media sectors through its professional staff, senior management, and direct sales personnel. The company was formerly known as Innodata Isogen, Inc. and changed its name to Innodata Inc. in June 2012. Innodata Inc. was incorporated in 1988 and is headquartered in Ridgefield Park, New Jersey.

Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
84.01
Stock Price: $84.85
EPS (Diluted): 1.01
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
15.14
Stock Price: $84.85
Total Equity: $107.06M
Shares: 35,025,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
31.93
Market Cap: $2.77B
Total Debt: $1.20M
Cash: $82.23M
EBITDA: $48.31M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$1.5B
Market Cap: $2.77B
Total Debt: $1.20M
Cash: $82.23M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
39.7%
Gross Profit: $99.83M
Revenue: $251.66M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
16.0%
Operating Income: $40.22M
Revenue: $251.66M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
12.8%
Net Income: $32.18M
Revenue: $251.66M
ROE (Profit from shareholder equity)
CALC
Net Income / Total Equity
30.1%
Net Income: $32.18M
Total Equity: $107.06M
ROIC (Profit from all invested capital)
CALC
NOPAT / Invested Capital
120.0%
Operating Income: $40.22M
Tax Rate: 22.3%
Equity: $107.06M
Total Debt: $1.20M
Cash: $82.23M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
2.68
Current Assets: $135.39M
Current Liabilities: $50.53M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.01
Short-Term Debt: $1.20M
Long-Term Debt: $0.00
Total Debt: $1.20M
Total Equity: $107.06M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$7.19
Revenue: $251.66M
Shares: 35,025,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$3.06
Total Equity: $107.06M
Shares: 35,025,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$1.02
Operating CF: $46.75M
CapEx: -$11.10M
Shares: 35,025,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $84.85
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $32.18M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares INOD against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $69.8M $79.0M $86.8M $170.5M $251.7M
Cost of Revenue $43.5M $51.3M $54.9M $103.5M $151.8M
Gross Profit $26.3M $27.7M $31.9M $66.9M $99.8M
Operating Expenses $27.8M $37.9M $31.0M $42.7M $59.6M
Operating Income -$1.5M -$10.3M $939,000 $24.2M $40.2M
Net Income -$1.7M -$11.9M $-908,000 $28.7M $32.2M
EBITDA $1.2M -$6.6M $5.0M $30.3M $48.3M
EPS $-0.07 $-0.44 $-0.03 $0.98 $1.01
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $18.9M $9.8M $13.8M $46.9M $82.2M
Total Current Assets $34.0M $23.7M $32.1M $81.0M $135.4M
Total Assets $59.2M $48.0M $59.4M $113.4M $168.6M
Current Liabilities $21.3M $20.8M $22.9M $39.5M $50.5M
Long-Term Debt $0 $0 $0 $0 $0
Total Liabilities $32.8M $30.0M $34.4M $50.1M $61.5M
Total Equity $29.9M $18.8M $25.7M $63.5M $107.1M
Retained Earnings $3.2M -$8.8M -$9.7M $19.0M $51.2M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $5.2M -$1.2M $5.9M $35.0M $46.8M
Capital Expenditure -$4.4M -$6.5M -$5.6M -$7.7M -$11.1M
Free Cash Flow $783,000 -$7.7M $339,000 $27.3M $35.6M
Acquisitions (net) $0 $0 $0 $0 $0
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks $0 $0 $0 $0 $0
Net Change in Cash $1.3M -$9.1M $4.0M $33.1M $35.3M
Analyst Estimates (Annual)
Metric 2027 2029 2030 2031
Revenue $447.5M
$438.0M – $457.1M
 $164.3M
$160.3M – $168.3M
 $234.4M
$228.7M – $240.1M
 $301.5M
$294.1M – $308.8M
EBITDA $32.4M
$31.7M – $33.1M
 $11.9M
$11.6M – $12.2M
 $17.0M
$16.5M – $17.4M
 $21.8M
$21.3M – $22.3M
Net Income $53.9M
$52.5M – $55.3M
 $27.9M
$27.0M – $28.8M
 $30.2M
$29.3M – $31.2M
 $43.8M
$42.4M – $45.2M
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +13.3% +9.8% +96.4% +47.6%
Gross Profit Growth +5.3% +15.4% +109.7% +49.1%
Operating Income Growth -566.1% +109.1% +2,476.6% +66.2%
Net Income Growth -613.4% +92.4% +3,256.4% +12.3%
EBITDA Growth -641.4% +176.3% +501.5% +59.6%
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My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27