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Innodata Inc.

INOD·NASDAQ·USD

44.74-15.17 (-25.32%)
Regular-session close·Definitions
Price history1993-08-10 — 2026-10-23Valid trading days: 8,359 · Available range · History update delayed
Operating history2023-09-30 — 2026-06-309 historical metrics · 12 workpaper periods
Coverage limitations

Daily history updates are delayed. Available history through 2026-10-23 remains visible; a current quote does not establish that daily history has been updated.

Requests to the historical-data source are rate limited, delaying daily-price updates. Existing verified periods are retained; trading days not yet retrieved are not fabricated.

The history starts with the provider’s first actual observation; this starting point is not a verified initial listing date.

The earliest available price is not proof of the listing date. Coverage since listing remains unverified.

Security basis: The current security identity has been checked. Continuity with earlier issuers has not been independently verified; listing-date coverage is shown separately. Historical closes use the provider's split adjustments and exclude dividend distributions. Full-history adjustment factors have not been independently recalculated. Price changes do not represent total returns including dividends.

Original verification records

first-provider-observation-listing-date-not-verified

History update reason: source-rate-limited-until 2026-10-28T04:39:08.620Z

Current ticker/issuer checked across available sources. Earlier issuer continuity and first listing date are not independently established; provider first observation is not an IPO claim.

View sources and versions ↗
Financial drivers from public filings · single quarter

Compare growth, earnings, cash flow and capital investment for aligned reporting periods to examine company-wide financial drivers. Calculation inputs and original filings remain available.

Coverage and applicability

2023-09-30 — 2026-06-30 · Valid observations: 92. These observations analyze public financial data; they are not a standalone sector research report, score or price target. Company-wide figures do not replace segment, product or contract disclosures.

  • Days sales outstanding (average balance): Applicable definitions of trade receivables, inventory and purchase costs have not been established for this business. A manufacturing cash-conversion cycle is therefore not applied.
  • Days inventory outstanding (average balance): Applicable definitions of trade receivables, inventory and purchase costs have not been established for this business. A manufacturing cash-conversion cycle is therefore not applied.
  • Days payable outstanding (average balance): Applicable definitions of trade receivables, inventory and purchase costs have not been established for this business. A manufacturing cash-conversion cycle is therefore not applied.
  • Cash conversion cycle (average balances): Applicable definitions of trade receivables, inventory and purchase costs have not been established for this business. A manufacturing cash-conversion cycle is therefore not applied.
  • Cash purchases of productive assets / revenue: The selected capital-expenditure measure does not represent the broader concept of productive-asset purchases.

Price and operations

Research history
Reproducible calculations from public filings, without inferring segment-level results.

Period end is the end of the operating period. Source-publication mode uses the publication date of the document selected, without asserting that it was the first disclosure. Expand the notes below the chart for definitions and sources.

Add metrics 4
Available metrics: 9

Financials and cash flow

Last value in range
INOD Share priceTrading day
USD25507510012559.39
Gross marginQuarterly observations
%3035404538.3
Operating marginQuarterly observations
%1214161815.1
Net marginQuarterly observations
%1214161815.6
(CFO − cash purchases of PP&E) / revenueQuarterly observations
%05010015025.10.2326.01.0126.04.0126.07.0126.10.23135

Time rangeINOD Share price

2025-10-23 — 2026-10-23
Methodology and controls

Each panel has its own value axis; dates and the cursor are synchronized. Operating data appear only on their observed dates; other dates are left blank. US daily prices are checked against the verified 1997–2027 trading calendar. A missing expected trading day breaks the line; weekends and recorded exchange holidays do not. Some daily market or calendar coverage is unverified. Only consecutive calendar dates are connected; gaps between dates are not assumed to be complete. Operating data are positioned at the actual period end, which is not necessarily the date of public disclosure. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.

Underlying data Operating metrics: 4
Observations in this chart, including unverified periods or dates · original values and source versions retained
Selected operating metrics; records with values and current chart gaps appear first. Unverified dates are excluded from charts.
Reporting period endGross margin% · Calculated from disclosuresOperating margin% · Calculated from disclosuresNet margin% · Calculated from disclosures(CFO − cash purchases of PP&E) / revenue% · Calculated from disclosures
2026-06-302026-06-30—
Basis · Calculated from disclosures

Source version date: 2026-08-06

Required inputs with matching periods and currencies are insufficient, or the denominator is not positive.

View calculation inputs · 4 items
Currency
USD
grossProfit
Not disclosed
Revenue
92,142,000
Input source document
0
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
92,142,000
Filing date
2026-08-06
form
10-Q
accn
0001104659-26-092021
Input sign
1
sourceIds
0
inod-sec-0001104659-26-092021
INOD · 10-Q · Filing version 2026-08-06
—
Basis · Calculated from disclosures

Source version date: 2026-08-06

Required inputs with matching periods and currencies are insufficient, or the denominator is not positive.

View calculation inputs · 4 items
Currency
USD
operatingIncome
Not disclosed
Revenue
92,142,000
Input source document
0
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
92,142,000
Filing date
2026-08-06
form
10-Q
accn
0001104659-26-092021
Input sign
1
sourceIds
0
inod-sec-0001104659-26-092021
INOD · 10-Q · Filing version 2026-08-06
15.64%
Basis · Calculated from disclosures

Source version date: 2026-08-06

View calculation inputs · 4 items
Currency
USD
Net income
14,412,000
Revenue
92,142,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:NetIncomeLoss
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
14,412,000
Filing date
2026-08-06
form
10-Q
accn
0001104659-26-092021
Input sign
1
sourceIds
0
inod-sec-0001104659-26-092021
1
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
92,142,000
Filing date
2026-08-06
form
10-Q
accn
0001104659-26-092021
Input sign
1
sourceIds
0
inod-sec-0001104659-26-092021
INOD · 10-Q · Filing version 2026-08-06
134.89%
Basis · Calculated from disclosures

Source version date: 2026-08-06

View calculation inputs · 5 items
Currency
USD
Operating cash flow
127,182,000
Cash capital expenditure
2,888,000
Revenue
92,142,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:NetCashProvidedByUsedInOperatingActivities
Original unit
USD
Period start
2026-01-01
Period end
2026-06-30
value
164,441,000
Filing date
2026-08-06
form
10-Q
accn
0001104659-26-092021
Input sign
1
sourceIds
0
inod-sec-0001104659-26-092021
1
role
numerator
Original XBRL field
us-gaap:NetCashProvidedByUsedInOperatingActivities
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
37,259,000
Filing date
2026-05-07
form
10-Q
accn
0001104659-26-057270
Input sign
-1
sourceIds
0
inod-sec-0001104659-26-057270
2
role
numerator
Original XBRL field
us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Original unit
USD
Period start
2026-01-01
Period end
2026-06-30
value
5,309,000
Filing date
2026-08-06
form
10-Q
accn
0001104659-26-092021
Input sign
-1
sourceIds
0
inod-sec-0001104659-26-092021
3
role
numerator
Original XBRL field
us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
2,421,000
Filing date
2026-05-07
form
10-Q
accn
0001104659-26-057270
Input sign
1
sourceIds
0
inod-sec-0001104659-26-057270
4
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
92,142,000
Filing date
2026-08-06
form
10-Q
accn
0001104659-26-092021
Input sign
1
sourceIds
0
inod-sec-0001104659-26-092021
INOD · 10-Q · Filing version 2026-08-06INOD · 10-Q · Filing version 2026-05-07
2026-03-312026-03-31—
Basis · Calculated from disclosures

Source version date: 2026-05-07

Required inputs with matching periods and currencies are insufficient, or the denominator is not positive.

View calculation inputs · 4 items
Currency
USD
grossProfit
Not disclosed
Revenue
90,096,000
Input source document
0
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
90,096,000
Filing date
2026-05-07
form
10-Q
accn
0001104659-26-057270
Input sign
1
sourceIds
0
inod-sec-0001104659-26-057270
INOD · 10-Q · Filing version 2026-05-07
—
Basis · Calculated from disclosures

Source version date: 2026-05-07

Required inputs with matching periods and currencies are insufficient, or the denominator is not positive.

View calculation inputs · 4 items
Currency
USD
operatingIncome
Not disclosed
Revenue
90,096,000
Input source document
0
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
90,096,000
Filing date
2026-05-07
form
10-Q
accn
0001104659-26-057270
Input sign
1
sourceIds
0
inod-sec-0001104659-26-057270
INOD · 10-Q · Filing version 2026-05-07
16.54%
Basis · Calculated from disclosures

Source version date: 2026-08-06

View calculation inputs · 4 items
Currency
USD
Net income
14,898,000
Revenue
90,096,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:NetIncomeLoss
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
14,898,000
Filing date
2026-08-06
form
10-Q
accn
0001104659-26-092021
Input sign
1
sourceIds
0
inod-sec-0001104659-26-092021
1
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
90,096,000
Filing date
2026-05-07
form
10-Q
accn
0001104659-26-057270
Input sign
1
sourceIds
0
inod-sec-0001104659-26-057270
INOD · 10-Q · Filing version 2026-08-06INOD · 10-Q · Filing version 2026-05-07
38.67%
Basis · Calculated from disclosures

Source version date: 2026-05-07

View calculation inputs · 5 items
Currency
USD
Operating cash flow
37,259,000
Cash capital expenditure
2,421,000
Revenue
90,096,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:NetCashProvidedByUsedInOperatingActivities
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
37,259,000
Filing date
2026-05-07
form
10-Q
accn
0001104659-26-057270
Input sign
1
sourceIds
0
inod-sec-0001104659-26-057270
1
role
numerator
Original XBRL field
us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
2,421,000
Filing date
2026-05-07
form
10-Q
accn
0001104659-26-057270
Input sign
-1
sourceIds
0
inod-sec-0001104659-26-057270
2
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
90,096,000
Filing date
2026-05-07
form
10-Q
accn
0001104659-26-057270
Input sign
1
sourceIds
0
inod-sec-0001104659-26-057270
INOD · 10-Q · Filing version 2026-05-07
2025-12-312025-12-3138.27%
Basis · Calculated from disclosures

Source version date: 2026-02-26

View calculation inputs · 4 items
Currency
USD
grossProfit
27,700,000
Revenue
72,376,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:GrossProfit
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
99,479,000
Filing date
2026-02-26
form
10-K
accn
0001104659-26-020655
Input sign
1
sourceIds
0
inod-sec-0001104659-26-020655
1
role
numerator
Original XBRL field
us-gaap:GrossProfit
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
71,779,000
Filing date
2025-11-06
form
10-Q
accn
0001104659-25-107873
Input sign
-1
sourceIds
0
inod-sec-0001104659-25-107873
2
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
251,663,000
Filing date
2026-02-26
form
10-K
accn
0001104659-26-020655
Input sign
1
sourceIds
0
inod-sec-0001104659-26-020655
3
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
179,287,000
Filing date
2025-11-06
form
10-Q
accn
0001104659-25-107873
Input sign
-1
sourceIds
0
inod-sec-0001104659-25-107873
INOD · 10-K · Filing version 2026-02-26INOD · 10-Q · Filing version 2025-11-06
15.10%
Basis · Calculated from disclosures

Source version date: 2026-02-26

View calculation inputs · 4 items
Currency
USD
operatingIncome
10,931,000
Revenue
72,376,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:OperatingIncomeLoss
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
39,873,000
Filing date
2026-02-26
form
10-K
accn
0001104659-26-020655
Input sign
1
sourceIds
0
inod-sec-0001104659-26-020655
1
role
numerator
Original XBRL field
us-gaap:OperatingIncomeLoss
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
28,942,000
Filing date
2025-11-06
form
10-Q
accn
0001104659-25-107873
Input sign
-1
sourceIds
0
inod-sec-0001104659-25-107873
2
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
251,663,000
Filing date
2026-02-26
form
10-K
accn
0001104659-26-020655
Input sign
1
sourceIds
0
inod-sec-0001104659-26-020655
3
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
179,287,000
Filing date
2025-11-06
form
10-Q
accn
0001104659-25-107873
Input sign
-1
sourceIds
0
inod-sec-0001104659-25-107873
INOD · 10-K · Filing version 2026-02-26INOD · 10-Q · Filing version 2025-11-06
12.20%
Basis · Calculated from disclosures

Source version date: 2026-02-26

View calculation inputs · 4 items
Currency
USD
Net income
8,833,000
Revenue
72,376,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:NetIncomeLoss
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
32,181,000
Filing date
2026-02-26
form
10-K
accn
0001104659-26-020655
Input sign
1
sourceIds
0
inod-sec-0001104659-26-020655
1
role
numerator
Original XBRL field
us-gaap:NetIncomeLoss
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
23,348,000
Filing date
2025-11-06
form
10-Q
accn
0001104659-25-107873
Input sign
-1
sourceIds
0
inod-sec-0001104659-25-107873
2
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
251,663,000
Filing date
2026-02-26
form
10-K
accn
0001104659-26-020655
Input sign
1
sourceIds
0
inod-sec-0001104659-26-020655
3
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
179,287,000
Filing date
2025-11-06
form
10-Q
accn
0001104659-25-107873
Input sign
-1
sourceIds
0
inod-sec-0001104659-25-107873
INOD · 10-K · Filing version 2026-02-26INOD · 10-Q · Filing version 2025-11-06
13.90%
Basis · Calculated from disclosures

Source version date: 2026-02-26

View calculation inputs · 5 items
Currency
USD
Operating cash flow
12,881,000
Cash capital expenditure
2,818,000
Revenue
72,376,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:NetCashProvidedByUsedInOperatingActivities
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
46,752,000
Filing date
2026-02-26
form
10-K
accn
0001104659-26-020655
Input sign
1
sourceIds
0
inod-sec-0001104659-26-020655
1
role
numerator
Original XBRL field
us-gaap:NetCashProvidedByUsedInOperatingActivities
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
33,871,000
Filing date
2025-11-06
form
10-Q
accn
0001104659-25-107873
Input sign
-1
sourceIds
0
inod-sec-0001104659-25-107873
2
role
numerator
Original XBRL field
us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
11,104,000
Filing date
2026-02-26
form
10-K
accn
0001104659-26-020655
Input sign
-1
sourceIds
0
inod-sec-0001104659-26-020655
3
role
numerator
Original XBRL field
us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
8,286,000
Filing date
2025-11-06
form
10-Q
accn
0001104659-25-107873
Input sign
1
sourceIds
0
inod-sec-0001104659-25-107873
4
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
251,663,000
Filing date
2026-02-26
form
10-K
accn
0001104659-26-020655
Input sign
1
sourceIds
0
inod-sec-0001104659-26-020655
5
role
denominator
Original XBRL field
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
179,287,000
Filing date
2025-11-06
form
10-Q
accn
0001104659-25-107873
Input sign
-1
sourceIds
0
inod-sec-0001104659-25-107873
INOD · 10-K · Filing version 2026-02-26INOD · 10-Q · Filing version 2025-11-06
Calculations and sources 4 items
Gross margin% · Calculated from disclosures
Calculation basis

Gross profit / revenue × 100

Reading guide

Company-wide reported gross margin is not the margin of any individual product, segment or order. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Operating margin% · Calculated from disclosures
Calculation basis

Operating income / revenue × 100

Reading guide

Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Net margin% · Calculated from disclosures
Calculation basis

Selected net-income concept / revenue × 100

Reading guide

May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

(CFO − cash purchases of PP&E) / revenue% · Calculated from disclosures
Calculation basis

(Operating cash flow − cash purchases of PP&E) / revenue × 100

Reading guide

A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Business and research scope

How the business turns into revenue and cash, and what the available evidence can establish.

Company filings ↗

INNODATA INC. The quote provider classifies its industry as EDP Services. Structured segment, customer-mix and contract information is not yet available. Company information and original financial documents are provided below; business revenue is not inferred from supply-chain classification.

Company profile and filings
Legal name
INNODATA INC
Exchange / quote currency
NASDAQ / USD
Reporting currency
USD
Source industry classification
EDP Services
Financial period end / Source version used
2026-06-30 / 2026-08-06
Value-chain roles (not revenue shares)
Applications and data
Check SEC filings index ↗

Related companies in the value chain

Shared value-chain roles do not establish direct peer status or valuation comparability.
MARKET DATA

Quote details

Candlesticks, volume and cross-company prices

44.74 -25.32%
2026-07-23 — 2026-10-23Price change over the selected period -1.03%
Provider split-adjusted prices excluding dividends, USD. Recorded trading days are equally spaced from 2026-07-23 to 2026-10-23 (66 trading days). Volume is shown separately in shares.USD50.055.060.065.070.075.059.39Volume · shares2026-07-23 Volume 555,400 shares2026-07-24 Volume 926,300 shares2026-07-27 Volume 909,500 shares2026-07-28 Volume 795,300 shares2026-07-29 Volume 1,416,600 shares2026-07-30 Volume 1,281,000 shares2026-07-31 Volume 1,281,600 shares2026-08-03 Volume 1,422,500 shares2026-08-04 Volume 2,034,300 shares2026-08-05 Volume 1,839,600 shares2026-08-06 Volume 2,859,000 shares2026-08-07 Volume 4,797,200 shares2026-08-10 Volume 1,918,100 shares2026-08-11 Volume 1,122,500 shares2026-08-12 Volume 1,577,700 shares2026-08-13 Volume 1,398,700 shares2026-08-14 Volume 1,871,300 shares2026-08-17 Volume 1,280,000 shares2026-08-18 Volume 994,500 shares2026-08-19 Volume 1,083,200 shares2026-08-20 Volume 760,800 shares2026-08-21 Volume 972,800 shares2026-08-24 Volume 2,139,600 shares2026-08-25 Volume 1,274,200 shares2026-08-26 Volume 902,800 shares2026-08-27 Volume 1,064,000 shares2026-08-28 Volume 956,200 shares2026-08-31 Volume 745,500 shares2026-09-01 Volume 668,600 shares2026-09-02 Volume 864,400 shares2026-09-03 Volume 600,400 shares2026-09-04 Volume 701,100 shares2026-09-08 Volume 1,237,400 shares2026-09-09 Volume 636,700 shares2026-09-10 Volume 541,900 shares2026-09-11 Volume 619,100 shares2026-09-14 Volume 986,400 shares2026-09-15 Volume 1,108,900 shares2026-09-16 Volume 764,400 shares2026-09-17 Volume 758,700 shares2026-09-18 Volume 1,840,700 shares2026-09-21 Volume 1,761,000 shares2026-09-22 Volume 5,406,500 shares2026-09-23 Volume 4,712,900 shares2026-09-24 Volume 1,806,700 shares2026-09-25 Volume 1,514,600 shares2026-09-28 Volume 1,282,800 shares2026-09-29 Volume 955,500 shares2026-09-30 Volume 1,644,700 shares2026-10-01 Volume 2,437,000 shares2026-10-02 Volume 1,364,800 shares2026-10-05 Volume 1,457,800 shares2026-10-06 Volume 1,159,000 shares2026-10-07 Volume 1,416,200 shares2026-10-08 Volume 990,700 shares2026-10-09 Volume 802,400 shares2026-10-12 Volume 799,500 shares2026-10-13 Volume 724,400 shares2026-10-14 Volume 1,421,700 shares2026-10-15 Volume 1,262,700 shares2026-10-16 Volume 951,200 shares2026-10-19 Volume 691,500 shares2026-10-20 Volume 541,700 shares2026-10-21 Volume 1,114,200 shares2026-10-22 Volume 1,024,000 shares2026-10-23 Volume 868,200 shares5.4M007-2308-1409-0910-0110-23
Daily · Provider split-adjusted prices, excluding dividends · USD · Valid closes: 8359 / trading dates: 8359Market data source
MARKET & FUNDAMENTALS

Quote and valuation methodology

Data timestamps

Trading overview

Previous close
59.91
Session open
48.70
Session range
43.20 – 48.90
Session volume
9.77 M
20 Average daily volume
1.15 M
Historical range
0.09 – 125.14

Valuation and cash

Market cap · USD
1.55 B
Price / sales · TTM
4.88
Free cash flow yield
11.87%

Financial denominator

Revenue · TTM
317.16 M USD
Period end
2026-06-30
Source version
2026-08-06

Quote 2026-10-27Market cap retrieved 2026-10-28Financial period end 2026-06-30

Research archiveNo standalone articles or full reports for this company have been included yet

Public financial and operating analysis is available. Standalone research has not yet been published; exploreOperating data、Financial comparison and SourceSource document。

Financial comparison

Select two specific periods to compare changes in scale, earnings and cash.

Quarter · As of 2026-06-30Source version used 2026-08-06 · Original currency USD
USD · Quarter
Current period 2026-04-01 — 2026-06-30Comparison period 2026-01-01 — 2026-03-31
Financial comparison of two defined periods; expand values for source records
Line itemCurrent periodComparison periodAmount changeGrowth
RevenueRecognized revenue; growth is calculated only when the comparison-period base is positive
92.14 M

Raw value 92,142,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

90.10 M

Raw value 90,096,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

+2.05 M+2.27%
Net incomeNet margin 15.64% · Change -0.89 percentage points
14.41 M

Raw value 14,412,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

14.90 M

Raw value 14,898,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

-0.49 M-3.26%
Operating cash flowOperating cash flow / revenue 138.03% · Change +96.67 percentage points
127.18 MDerived by subtraction

Raw value 127,182,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2026-01-01 — 2026-06-30 · 164.44 M USD · Source version 2026-08-06
  • Subtract: 2026-01-01 — 2026-03-31 · 37.26 M USD · Source version 2026-05-07
37.26 M

Raw value 37,259,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

+89.92 M+241.35%
Capital expenditureCapital expenditure / revenue 3.13% · Change +0.45 percentage points
2.89 MDerived by subtraction

Raw value 2,888,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2026-01-01 — 2026-06-30 · 5.31 M USD · Source version 2026-08-06
  • Subtract: 2026-01-01 — 2026-03-31 · 2.42 M USD · Source version 2026-05-07
2.42 M

Raw value 2,421,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

+0.47 M+19.29%
Comparable values unavailable for the two selected periods · Gross profit、Operating income
  • Gross profit:Reported value unavailable; Reported value unavailable.
  • Operating income:Reported value unavailable; Reported value unavailable.
Check filing sources ↗

The change is the current value minus the comparison value; it is not automatically classified as year-over-year or quarter-over-quarter. Select a value to inspect reporting dates, filing versions and reconstruction inputs.

Historical trends and full financials
Comparable-period financial trends
Last value in range
USD million-2502550751002023.092024.072025.012025.072026.012026.0692.114.410.9

Time rangeRevenue

2023-09-30 — 2026-06-30
Methodology and controls

Series with the same unit and frequency share a value axis. Each column compares observations with matching period boundaries and units. Records that fail those checks remain blank. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.

Scroll to see all periods; select a value to open its source →

Quarterly financials, USD. Records without verified periods or units are excluded from comparison columns.
Reporting period end · USD2023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue
22.17 M

Raw value 22,169,000.00 USD

2023-07-01 — 2023-09-30 · USD · Reported data

26.11 MDerived by subtraction

Raw value 26,112,000.00 USD

2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2023-01-01 — 2023-12-31 · 86.78 M USD · Source version 2025-02-24
  • Subtract: 2023-01-01 — 2023-09-30 · 60.66 M USD · Source version 2024-11-07
26.50 M

Raw value 26,504,000.00 USD

2024-01-01 — 2024-03-31 · USD · Reported data

32.55 M

Raw value 32,553,000.00 USD

2024-04-01 — 2024-06-30 · USD · Reported data

52.22 M

Raw value 52,224,000.00 USD

2024-07-01 — 2024-09-30 · USD · Reported data

59.18 MDerived by subtraction

Raw value 59,180,000.00 USD

2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2024-01-01 — 2024-12-31 · 170.46 M USD · Source version 2026-02-26
  • Subtract: 2024-01-01 — 2024-09-30 · 111.28 M USD · Source version 2025-11-06
58.34 M

Raw value 58,344,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

58.39 M

Raw value 58,393,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reported data

62.55 M

Raw value 62,550,000.00 USD

2025-07-01 — 2025-09-30 · USD · Reported data

72.38 MDerived by subtraction

Raw value 72,376,000.00 USD

2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2025-01-01 — 2025-12-31 · 251.66 M USD · Source version 2026-02-26
  • Subtract: 2025-01-01 — 2025-09-30 · 179.29 M USD · Source version 2025-11-06
90.10 M

Raw value 90,096,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

92.14 M

Raw value 92,142,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

Gross profit——
9.64 M

Raw value 9,635,000.00 USD

2024-01-01 — 2024-03-31 · USD · Reported data

9.35 M

Raw value 9,351,000.00 USD

2024-04-01 — 2024-06-30 · USD · Reported data

21.33 M

Raw value 21,331,000.00 USD

2024-07-01 — 2024-09-30 · USD · Reported data

26.76 MDerived by subtraction

Raw value 26,757,000.00 USD

2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2024-01-01 — 2024-12-31 · 67.07 M USD · Source version 2026-02-26
  • Subtract: 2024-01-01 — 2024-09-30 · 40.32 M USD · Source version 2025-11-06
23.25 M

Raw value 23,252,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

23.02 M

Raw value 23,023,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reported data

25.50 M

Raw value 25,504,000.00 USD

2025-07-01 — 2025-09-30 · USD · Reported data

27.70 MDerived by subtraction

Raw value 27,700,000.00 USD

2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2025-01-01 — 2025-12-31 · 99.48 M USD · Source version 2026-02-26
  • Subtract: 2025-01-01 — 2025-09-30 · 71.78 M USD · Source version 2025-11-06
——
Operating income——
1.33 M

Raw value 1,330,000.00 USD

2024-01-01 — 2024-03-31 · USD · Reported data

0.33 M

Raw value 331,000.00 USD

2024-04-01 — 2024-06-30 · USD · Reported data

11.42 M

Raw value 11,421,000.00 USD

2024-07-01 — 2024-09-30 · USD · Reported data

11.25 MDerived by subtraction

Raw value 11,254,000.00 USD

2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2024-01-01 — 2024-12-31 · 24.34 M USD · Source version 2026-02-26
  • Subtract: 2024-01-01 — 2024-09-30 · 13.08 M USD · Source version 2025-11-06
8.27 M

Raw value 8,272,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

8.91 M

Raw value 8,911,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reported data

11.76 M

Raw value 11,759,000.00 USD

2025-07-01 — 2025-09-30 · USD · Reported data

10.93 MDerived by subtraction

Raw value 10,931,000.00 USD

2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2025-01-01 — 2025-12-31 · 39.87 M USD · Source version 2026-02-26
  • Subtract: 2025-01-01 — 2025-09-30 · 28.94 M USD · Source version 2025-11-06
——
Net income
0.37 M

Raw value 371,000.00 USD

2023-07-01 — 2023-09-30 · USD · Reported data

—
0.99 M

Raw value 989,000.00 USD

2024-01-01 — 2024-03-31 · USD · Reported data

-0.01 M

Raw value -14,000.00 USD

2024-04-01 — 2024-06-30 · USD · Reported data

17.39 M

Raw value 17,389,000.00 USD

2024-07-01 — 2024-09-30 · USD · Reported data

10.30 MDerived by subtraction

Raw value 10,296,000.00 USD

2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2024-01-01 — 2024-12-31 · 28.66 M USD · Source version 2026-02-26
  • Subtract: 2024-01-01 — 2024-09-30 · 18.36 M USD · Source version 2025-11-06
7.79 M

Raw value 7,787,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

7.22 M

Raw value 7,219,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reported data

8.34 M

Raw value 8,342,000.00 USD

2025-07-01 — 2025-09-30 · USD · Reported data

8.83 MDerived by subtraction

Raw value 8,833,000.00 USD

2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2025-01-01 — 2025-12-31 · 32.18 M USD · Source version 2026-02-26
  • Subtract: 2025-01-01 — 2025-09-30 · 23.35 M USD · Source version 2025-11-06
14.90 M

Raw value 14,898,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

14.41 M

Raw value 14,412,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

Operating cash flow
1.61 MDerived by subtraction

Raw value 1,606,000.00 USD

2023-07-01 — 2023-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2023-01-01 — 2023-09-30 · 5.79 M USD · Source version 2024-11-07
  • Subtract: 2023-01-01 — 2023-06-30 · 4.18 M USD · Source version 2024-08-09
0.11 MDerived by subtraction

Raw value 114,000.00 USD

2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2023-01-01 — 2023-12-31 · 5.90 M USD · Source version 2025-02-24
  • Subtract: 2023-01-01 — 2023-09-30 · 5.79 M USD · Source version 2024-11-07
6.77 M

Raw value 6,767,000.00 USD

2024-01-01 — 2024-03-31 · USD · Reported data

-0.45 MDerived by subtraction

Raw value -454,000.00 USD

2024-04-01 — 2024-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2024-01-01 — 2024-06-30 · 6.31 M USD · Source version 2025-07-31
  • Subtract: 2024-01-01 — 2024-03-31 · 6.77 M USD · Source version 2025-05-09
11.37 MDerived by subtraction

Raw value 11,371,000.00 USD

2024-07-01 — 2024-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2024-01-01 — 2024-09-30 · 17.68 M USD · Source version 2025-11-06
  • Subtract: 2024-01-01 — 2024-06-30 · 6.31 M USD · Source version 2025-07-31
17.18 MDerived by subtraction

Raw value 17,180,000.00 USD

2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2024-01-01 — 2024-12-31 · 34.86 M USD · Source version 2026-02-26
  • Subtract: 2024-01-01 — 2024-09-30 · 17.68 M USD · Source version 2025-11-06
10.79 M

Raw value 10,789,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

4.20 MDerived by subtraction

Raw value 4,201,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2025-01-01 — 2025-06-30 · 14.99 M USD · Source version 2026-08-06
  • Subtract: 2025-01-01 — 2025-03-31 · 10.79 M USD · Source version 2026-05-07
18.88 MDerived by subtraction

Raw value 18,881,000.00 USD

2025-07-01 — 2025-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2025-01-01 — 2025-09-30 · 33.87 M USD · Source version 2025-11-06
  • Subtract: 2025-01-01 — 2025-06-30 · 14.99 M USD · Source version 2026-08-06
12.88 MDerived by subtraction

Raw value 12,881,000.00 USD

2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2025-01-01 — 2025-12-31 · 46.75 M USD · Source version 2026-02-26
  • Subtract: 2025-01-01 — 2025-09-30 · 33.87 M USD · Source version 2025-11-06
37.26 M

Raw value 37,259,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

127.18 MDerived by subtraction

Raw value 127,182,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2026-01-01 — 2026-06-30 · 164.44 M USD · Source version 2026-08-06
  • Subtract: 2026-01-01 — 2026-03-31 · 37.26 M USD · Source version 2026-05-07
Capital expenditure
1.31 MDerived by subtraction

Raw value 1,308,000.00 USD

2023-07-01 — 2023-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2023-01-01 — 2023-09-30 · 4.32 M USD · Source version 2024-11-07
  • Subtract: 2023-01-01 — 2023-06-30 · 3.01 M USD · Source version 2024-08-09
1.24 MDerived by subtraction

Raw value 1,244,000.00 USD

2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2023-01-01 — 2023-12-31 · 5.56 M USD · Source version 2025-02-24
  • Subtract: 2023-01-01 — 2023-09-30 · 4.32 M USD · Source version 2024-11-07
1.34 M

Raw value 1,339,000.00 USD

2024-01-01 — 2024-03-31 · USD · Reported data

2.73 MDerived by subtraction

Raw value 2,728,000.00 USD

2024-04-01 — 2024-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2024-01-01 — 2024-06-30 · 4.07 M USD · Source version 2025-07-31
  • Subtract: 2024-01-01 — 2024-03-31 · 1.34 M USD · Source version 2025-05-09
1.46 MDerived by subtraction

Raw value 1,455,000.00 USD

2024-07-01 — 2024-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2024-01-01 — 2024-09-30 · 5.52 M USD · Source version 2025-11-06
  • Subtract: 2024-01-01 — 2024-06-30 · 4.07 M USD · Source version 2025-07-31
2.22 MDerived by subtraction

Raw value 2,219,000.00 USD

2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2024-01-01 — 2024-12-31 · 7.74 M USD · Source version 2026-02-26
  • Subtract: 2024-01-01 — 2024-09-30 · 5.52 M USD · Source version 2025-11-06
2.35 M

Raw value 2,350,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

1.71 MDerived by subtraction

Raw value 1,708,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2025-01-01 — 2025-06-30 · 4.06 M USD · Source version 2026-08-06
  • Subtract: 2025-01-01 — 2025-03-31 · 2.35 M USD · Source version 2026-05-07
4.23 MDerived by subtraction

Raw value 4,228,000.00 USD

2025-07-01 — 2025-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2025-01-01 — 2025-09-30 · 8.29 M USD · Source version 2025-11-06
  • Subtract: 2025-01-01 — 2025-06-30 · 4.06 M USD · Source version 2026-08-06
2.82 MDerived by subtraction

Raw value 2,818,000.00 USD

2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2025-01-01 — 2025-12-31 · 11.10 M USD · Source version 2026-02-26
  • Subtract: 2025-01-01 — 2025-09-30 · 8.29 M USD · Source version 2025-11-06
2.42 M

Raw value 2,421,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

2.89 MDerived by subtraction

Raw value 2,888,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2026-01-01 — 2026-06-30 · 5.31 M USD · Source version 2026-08-06
  • Subtract: 2026-01-01 — 2026-03-31 · 2.42 M USD · Source version 2026-05-07
Comparison rules and gaps

Comparison columns require aligned period boundaries, currency and duration. Blank values are not zero; directly reported quarters and cumulative reconstructions are distinguished. A non-positive comparison base is shown as an amount change without a percentage growth rate.

View filing source

Events and disclosure records

Completed events, conditional arrangements and the document versions used are listed separately.

Check original source ↗
Disclosed events

Anonymous customer · INOD (Big Tech · #2 customer in 2026) · Customer

Innodata disclosed a new set of engagements with one of the world's leading Big Tech companies that it expects could generate approximately $51m of revenue in 2026, making it the company's second-largest customer, up from zero revenue twelve months earlier. Customer not named. [2]

Disclosed events

Wells Fargo Bank, National Association · Capital and financing

Fourth amendment to Innodata's credit agreement (original dated April 4, 2023) with Wells Fargo Bank, National Association, providing a secured revolving line of credit up to the lesser of the borrowing base and $50.0m, entered March 19, 2026 and maturing April 4, 2029. [3]

Disclosed events

Anonymous customer · INOD (largest DDS-segment customer) · Customer

One customer in Innodata's DDS segment generated approximately 58% of total revenues in FY2025 (48% in FY2024) and accounted for 63% of accounts receivable at December 31, 2025; the customer is not named in the filing. [1]

Included financial source versions
  1. 10-Q Original financial filings ↗

    This page cites periods ending through 2026-06-30. The same document includes multiple comparison periods.

  2. 10-Q Original financial filings ↗

    This page cites periods ending through 2026-03-31. The same document includes multiple comparison periods.

  3. 10-K Original financial filings ↗

    This page cites periods ending through 2025-12-31. The same document includes multiple comparison periods.

  4. 10-Q Original financial filings ↗

    This page cites periods ending through 2025-09-30. The same document includes multiple comparison periods.

  5. 10-Q Original financial filings ↗

    This page cites periods ending through 2025-06-30. The same document includes multiple comparison periods.

  6. 10-Q Original financial filings ↗

    This page cites periods ending through 2025-03-31. The same document includes multiple comparison periods.

Showing the latest 6 recorded source versions. Find the remaining 55 in Source values in the full financial table.

Industry relationships and operating mechanisms

Trace supply and demand through contract performance, operating metrics and cash attribution.

Direct relationships: 3 · Excluded by current filters: 0

Goods and services are arranged from supplier to customer; capital is shown separately. Select a relationship to inspect its evidence and operating mechanism. Second-degree paths do not establish guarantees or certain revenue.

Relationship records

3 records
Economic direction / relationship typeStatus / record dateRecorded amountCapacity basisEvidence source
Signed / existing2026-05-07USD 0.051 billionAmount classification not yet structuredNot structuredA · Original filingCheck public source ↗
Signed / existing2026-03-19USD 0.05 billionCredit facility limitNot structuredA · Original filingCheck public source ↗
Signed / existing2025-12-31No attributable amount providedAmount classification not yet structuredNot structuredA · Original filingCheck public source ↗
1–3 / 3 records

Downstream demand · Customer

INOD Anonymous customer · INOD (Big Tech · #2 customer in 2026)

Signed / existingA · Original filing

What this relationship establishes

A newly signed package of projects with a leading global Big Tech company

Relationship type
Customer

Recorded as signed or existing; performance progress requires separate verification

Amount basis
USD 0.051 billion Amount classification not yet structured
  • The company expects approximately $51m of revenue contribution in 2026

A period-by-period schedule of payments and revenue recognition has not been established. The recorded amount is not converted into current-period revenue, cash paid or stock-price impact. The graph's USD field retains its stored value; the original wording determines whether an amount is exact, approximate, a floor or a cap.

Attribution
Applies to this relationship; the original document determines the specific legal entities and attribution.

The counterparty is unnamed; no specific company is inferred.

Concentration
A relationship amount and company denominator with matching periods and definitions are not provided

Relationship counts, capacity and total contract value are not measures of revenue or procurement concentration.

Complete record and source location

Innodata disclosed a new set of engagements with one of the world's leading Big Tech companies that it expects could generate approximately $51m of revenue in 2026, making it the company's second-largest customer, up from zero revenue twelve months earlier. Customer not named.

A · Original filing

Innodata Form 8-K Exhibit 99.1, Q1 2026 results press release, 7 May 2026

Customer demand and execution

The excerpts below come from this record. Verify signed status separately from actual completion.

  • The company expects approximately $51m of revenue contribution in 2026
Limitations in the original record
  • Not named
Inputs still needed to quantify the impact
  • The relevant business's revenue or purchase amount and the denominator used
  • Order obligations, pricing and cost pass-through provisions
  • Execution progress, collection schedule and substitutability

The amount associated with a relationship cannot substitute for the company's revenue, earnings or stock-price impact. Applies to this relationship; the original document determines the specific legal entities and attribution.

How to test the operating mechanism

Analytical framework, not a realized impact

  1. Supply and demand terms

    INOD supplies products or services to Anonymous customer · INOD (Big Tech · #2 customer in 2026); a customer list is not an irrevocable order.

  2. Operating process

    Verify orders, performance, invoicing and collections; monitor changes in customer demand, product mix and selling prices.

  3. Financial outcomes

    Assess whether incremental revenue, costs and gross profit, accounts receivable and operating cash flows are consistent.

  4. Testing price implications

    First verify the sustainability of earnings and cash flows, then compare valuations; do not infer share-price upside directly from a partnership announcement.

Cross-check relationship events against subsequent disclosures of company revenue, costs, working capital and cash flows; movements in the same direction alone do not establish causation.

Operating data to test the relationship

INOD · Company-specific metric definitions and classifications

Metrics test operating processes; an overall change cannot be attributed to a single relationship. Expand the definitions to check calculation methods and their applicable boundaries.

Profit and costs

Can revenue growth translate into earnings attributable to shareholders?

Preserve the distinctions relating to depreciation, stock-based compensation, adjustments and segments. The company's margin cannot be applied as this contract's margin.
Operating metricLatest valueDefinition and boundaries
Net margin ↗2026-06-30 · Research calculation15.64%
Definition and boundaries

Selected net-income concept / revenue × 100

May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Operating cash flow / revenue ↗2026-06-30 · Research calculation138.03%
Definition and boundaries

Operating cash flow / revenue × 100

Shows operating cash inflows and outflows, including working capital and taxes. It is neither a contract collection rate nor cash available for shareholder distribution. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

(CFO − cash purchases of PP&E) / revenue ↗2026-06-30 · Research calculation134.89%
Definition and boundaries

(Operating cash flow − cash purchases of PP&E) / revenue × 100

A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Show remaining company metrics (4)
Other operating observations

What verifiable information does this metric provide about this relationship?

Use the metric's definition and original inputs. Quantitative attribution to this relationship has not been established.
Operating metricLatest valueDefinition and boundaries
Revenue growth YoY ↗2026-06-30 · Research calculation57.8%
Definition and boundaries

(Current-period revenue / comparable prior-year revenue − 1) × 100

Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Operating cash flow / net income ↗2026-06-30 · Research calculation8.82 x
Definition and boundaries

Operating cash flow / net income(Net income > 0)

Examines cash conversion when earnings are positive. No multiple is calculated when net income is non-positive; taxes, non-cash charges and working capital can all cause divergence. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

(Net income − operating cash flow) / revenue ↗2026-06-30 · Research calculation-122.39%
Definition and boundaries

(Net income − operating cash flow) / revenue × 100

The amount difference divided by revenue. This is not the Sloan accrual ratio or an earnings-manipulation score. A positive value only indicates that earnings exceed operating cash flow for the same period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Investment and funding needs

How much cash is required for construction and procurement before delivery?

Compare prepayments, cash capital expenditure and commissioning plans. Current-period revenue is not a substitute for a full investment-recovery calculation.
Operating metricLatest valueDefinition and boundaries
Cash purchases of PP&E / revenue ↗2026-06-30 · Research calculation3.13%
Definition and boundaries

Cash purchases of PP&E / revenue × 100

Identified cash purchases of PP&E, excluding non-cash additions. Maintenance and expansion investment are not separated. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Related companies in the value chain 12 companies · Applications and data

Related browsing is based on overlapping segments in the current graph. It does not establish direct peers, valuation comparability, or a supply, customer or investment relationship.

Search all operating metrics and calculation methods

Operating metric search

Test relationship hypotheses against actual operating series, with their definitions, periods and calculation methods.

Historical research methodology
7 / 7 items
Operating metricLatest valuePeriod / classificationDefinition and interpretation boundariesAnalysis
Revenue growth YoY57.8%2026-06-30Research calculation(Current-period revenue / comparable prior-year revenue − 1) × 100Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Net margin15.64%2026-06-30Research calculationSelected net-income concept / revenue × 100May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Operating cash flow / revenue138.03%2026-06-30Research calculationOperating cash flow / revenue × 100Shows operating cash inflows and outflows, including working capital and taxes. It is neither a contract collection rate nor cash available for shareholder distribution. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
(CFO − cash purchases of PP&E) / revenue134.89%2026-06-30Research calculation(Operating cash flow − cash purchases of PP&E) / revenue × 100A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Operating cash flow / net income8.82 x2026-06-30Research calculationOperating cash flow / net income(Net income > 0)Examines cash conversion when earnings are positive. No multiple is calculated when net income is non-positive; taxes, non-cash charges and working capital can all cause divergence. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Cash purchases of PP&E / revenue3.13%2026-06-30Research calculationCash purchases of PP&E / revenue × 100Identified cash purchases of PP&E, excluding non-cash additions. Maintenance and expansion investment are not separated. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
(Net income − operating cash flow) / revenue-122.39%2026-06-30Research calculation(Net income − operating cash flow) / revenue × 100The amount difference divided by revenue. This is not the Sloan accrual ratio or an earnings-manipulation score. A positive value only indicates that earnings exceed operating cash flow for the same period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Source grades, dates and quantitative definitions

A = original SEC or exchange filings; B = company announcements, IR materials, official websites or established media; C = industry-structure inferences or third-party accounts without an independent primary source

Key relationships were reviewed using public information available through 2026-10-23. Historical relationships have not all been individually reverified. Their original dates are retained; delisted entities remain in the relationship archive but are excluded from market-cap weights. Review coverage through 2026-10-23.

Signed status does not mean that the full amount has been paid or that capacity has been delivered. Assess contract value, period revenue, investment, loans, prepayments and guarantee caps separately; do not sum them as a single exposure. Distinguish total power capacity from critical IT load. Company-level metrics cannot be attributed directly to an individual relationship.

Source facts and operating implications are distinguished, with forecasts and conditional scenarios identified as such. Missing relationships mean that this graph has no record of them. Data version 60aad2cdea0eff4f82e9dafe344d1e57aa2b950269b621d7e5bddfef10520644.

EVIDENCE & SOURCES

Data and calculation basis

Sources and filing versions
Quotes and valuation

2026-10-27, 16:00 ET · Regular-session close. History through 2026-10-23 uses provider split-adjusted prices, excluding dividends. Full-history adjustment factors have not been independently recalculated. MA20 is the arithmetic mean of 20 recorded trading-day closes and does not bridge missing prices or known corporate actions. Price comparisons exclude dividend reinvestment and do not represent total returns. Market cap retrieved on 2026-10-28. Prices refresh daily. Source timestamps and website update times are shown separately.

The current security identity has been checked. Continuity with earlier issuers has not been independently verified; listing-date coverage is shown separately.

Original verification notes

first-provider-observation-listing-date-not-verified

Current ticker/issuer checked across available sources. Earlier issuer continuity and first listing date are not independently established; provider first observation is not an IPO claim.

Financial statements

Reporting period 2026-06-30; filed 2026-08-06. Financials use the company's reporting periods and currency; unavailable values appear as —. Expand the section below each chart to inspect metric definitions, inputs and original sources.

Business evidence

Based on value-chain records; original operating disclosures are still needed.

Citations: 3 · Documents: 3

1Innodata FY2025 Form 10-K, Segment reporting and concentrations noteValue-chain archive

Innodata FY2025 Form 10-K, Segment reporting and concentrations note · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source
2Innodata Form 8-K Exhibit 99.1, Q1 2026 results press release, 7 May 2026Value-chain archive

Innodata Form 8-K Exhibit 99.1, Q1 2026 results press release, 7 May 2026 · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source
3Innodata Form 8-K filed 24 March 2026, Items 1.01 and 2.03Value-chain archive

Innodata Form 8-K filed 24 March 2026, Items 1.01 and 2.03 · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source
Missing evidence
  • Primary-source coverage of the company’s standalone business analysis and falsification criteria is incomplete.
  • Company-specific operating KPIs are not yet available; financial ratios do not substitute for evidence about products, orders or capacity.
Unresolved business questions
Which products, customers and revenue categories can be independently verified from primary materials?
Existing relationship records do not represent the entire business; company-level primary evidence for segments, products, customer concentration and key operations remains incomplete.
Relationships
Company announcements, framework intentions and signed agreements are distinguished. Contract amounts do not represent payments already made. Records without sources are flagged separately.
Version
60aad2cdea0eff4f82e9dafe344d1e57aa2b950269b621d7e5bddfef10520644

ResearchSource document

Sources: 9
01INOD · 10-Q · Filing version 2024-11-07

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
02INOD · 10-Q · Filing version 2024-08-09

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
03INOD · 10-K · Filing version 2025-02-24

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
04INOD · 10-Q · Filing version 2025-05-09

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
05INOD · 10-Q · Filing version 2025-11-06

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
06INOD · 10-Q · Filing version 2025-07-31

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
07INOD · 10-K · Filing version 2026-02-26

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
08INOD · 10-Q · Filing version 2026-05-07

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
09INOD · 10-Q · Filing version 2026-08-06

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure