Innodata Inc. logo INOD - Innodata Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 1
BUY 3
HOLD 2
SELL 0
STRONG
SELL 0
| PRICE TARGET: $56.50 DETAILS
HIGH: $90.00
LOW: $23.00
MEDIAN: $56.50
CONSENSUS: $56.50
DOWNSIDE: 42.16%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 251.7 170.5 86.8 79.0 69.8 58.2 55.9 57.4 60.9 63.1 58.5 59.1 64.2 86.6 73.9 61.5 79.3 75.0 67.7 41.0 42.1 53.9 36.7 36.4 58.3 50.7 27.5 19.6 20.1 20.5 20.8 14.3 9.6
Cost of Revenue 151.8 103.5 54.9 51.3 43.5 38.4 37.2 38.9 45.3 47.0 43.7 43.8 47.7 56.3 51.4 47.3 54.8 53.3 48.6 34.1 30.9 33.0 27.0 32.0 44.4 31.5 16.1 11.8 14.7 15.4 13 10.1 6.6
Gross Profit 99.8 66.9 31.9 27.7 26.3 19.8 18.7 18.5 15.7 16.1 14.8 15.3 16.6 30.2 22.6 14.2 24.6 21.7 19.1 6.8 11.1 20.9 9.7 4.4 13.9 19.2 11.4 7.8 5.4 5.1 7.8 4.2 3
Operating Expenses
R&D Expenses 0 3.5 0 0 0 0 0 0.1 0.1 0 0 0 0 0 0 0 0 0 0 0.9 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 59.6 42.7 31.0 37.9 27.9 18.7 19.5 15.8 20.2 19.3 16.8 16.3 17.3 22.1 19.1 15.7 16.3 16.1 15.3 13.3 13.7 9.2 8.9 10.0 11.3 7.2 6.8 5 5.3 4.8 4.3 2.8 2
Other Expenses 0 (3.5) 0 0 (0.1) 0 0 (0.1) 0 0 0 0 0 0 0 0 0 (0.2) 0 0 0 0 0 0 0 3.0 1.8 1.3 1.3 1.4 1 0.7 0.4
Operating Expenses 59.6 42.7 31.0 37.9 27.8 18.7 19.5 15.8 20.3 19.3 16.8 16.3 17.3 22.1 19.1 15.7 16.3 15.9 15.3 14.3 13.7 9.2 8.9 10.0 11.3 10.2 8.6 6.3 6.6 6.2 5.3 3.5 2.4
Operating Income
Operating Income 40.2 24.2 0.9 (10.3) (1.5) 1.2 (0.8) 2.7 (4.6) (3.2) (2.0) (1.0) (0.7) 8.2 3.5 (1.4) 8.2 5.8 3.9 (7.4) (2.6) 11.7 0.8 (5.9) 1.8 9.0 2.8 1.5 (1.2) (1.1) 2.5 0.7 0.6
Interest Expense 0 0 0.2 0 0 0.1 0.1 0.0 0 0.1 0 0 0 0 0.1 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0.1 0 0 0 0 0.1
Interest Income 1.6 0.1 0 0 0.1 0 0 0 0.0 0 0.0 0.1 0.3 0.3 0.7 0.2 0.1 0.3 0.7 0.7 0.5 0.1 0.0 0.1 0.2 0.2 0 0 0 0 0 0 0
Profitability
EBITDA 48.3 30.3 5.0 (6.6) 1.2 3.4 1.7 5.0 (1.7) (1.5) 0.6 1.5 (3.7) 10.7 8.8 2.5 12.0 9.3 7.7 (4.0) 1.1 15.0 5.3 (0.4) 7.4 12.0 4.6 2.8 0.1 0.3 3.5 1.4 1
EBIT 41.4 24.5 0.3 (10.5) (1.7) 1.2 (0.9) 1.6 (5.2) (4.7) (2.2) (1.5) (7.4) 6.8 5.4 (1.2) 8.3 5.6 4.5 (7.4) (2.1) 11.1 0.8 (5.7) 2.6 9.0 2.8 1.5 (1.2) (1.1) 2.5 0.7 0.6
Income Before Tax 41.4 24.5 0.1 (10.5) (1.0) 1.0 (1.1) 1.6 (5.2) (4.8) (2.2) (1.5) (7.4) 6.8 5.3 (1.2) 8.3 5.5 4.5 (7.4) (2.1) 11.1 0.8 (5.8) 2.0 9.1 2.9 2 (4.1) (1) 2.5 0.5 0.6
Income Tax Expense 9.2 (4.2) 1.0 1.5 0.8 0.4 1.1 1.8 0.2 1.1 1.2 0.4 5.5 1.1 1.4 (0.5) 1.0 (2.0) (0.1) (0.1) (0.5) 3.2 0.3 (0.7) 0.6 3.0 0.8 (0.3) 0.1 (0.4) 1 0.2 0.2
Net Income 32.2 28.7 (0.9) (11.9) (1.7) 0.6 (2.1) (0.3) (5.1) (5.5) (2.8) (1.0) (10.6) 7.5 4.5 (0.7) 7.3 7.6 4.6 (7.3) (1.7) 7.9 0.5 (5.2) 1.3 6.2 2.1 2.3 (4.2) (0.6) 1.5 0.3 0.4
Per Share Data
EPS (Basic) 1.01 0.98 -0.03 -0.44 -0.07 0.03 -0.06 0.00 -0.20 -0.22 -0.11 -0.04 -0.43 0.30 0.18 -0.03 0.30 0.27 0.19 -0.30 -0.07 0.35 0.02 -0.24 0.06 0.31 0.11 0.13 -0.23 -0.03 0.08 0.01 0.01
EPS (Diluted) 0.92 0.89 -0.03 -0.44 -0.07 0.02 -0.06 0.00 -0.20 -0.22 -0.11 -0.04 -0.43 0.28 0.18 -0.03 0.28 0.26 0.18 -0.30 -0.07 0.32 0.02 -0.24 0.05 0.27 0.11 0.13 -0.23 -0.03 0.08 0.01 0.01
Shares Outstanding 31.8 29.2 28.1 27.3 26.6 24.6 25.8 25.3 25.3 25.1 25.4 24.4 24.7 24.9 24.9 25.4 24.6 24.4 24.1 24.0 23.0 22.3 23.8 21.5 22.5 20.2 20.0 17.8 17.9 18.5 17.7 42.0 42.0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 82.2 46.9 13.8 9.8 18.9 17.6 10.9 10.9 11.4 14.2 26.5 13.9 20.7 5.1 7.3 6.3 9.0 3.4 3.5 2 2.1 1.6 2.4 3
Short-Term Investments 0 0.0 0.0 0.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 46.5 28.0 14.3 9.5 11.4 10.0 9.7 10.6 10.3 10.0 11.7 14.0 8.0 8.5 3.3 7.8 5.8 5.2 2.9 3.2 3.7 5.1 2.8 2.1
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 3.4 2.2 0 0 0 0 0 0 0 0 0
Other Current Assets 6.7 1.1 4.0 3.9 0 0 0 0 0 0 1.8 6.4 0.6 3.5 3.0 2.3 2.0 1 1 0.9 1.4 1.9 1.3 1.6
Total Current Assets 135.4 81 32.1 23.7 34.0 31.9 24.0 27.3 25.3 27.2 43.9 34.3 31.1 18.0 14.2 16.9 16.9 9.6 7.4 6.1 7.2 8.6 6.5 6.7
Non-Current Assets
Property, Plant & Equipment 0 8.3 7.3 6.8 8.6 8.5 13.9 6.8 7.2 5.4 5.6 6.7 4.6 5.6 6.7 10.2 9.5 4.9 2.7 2.9 3.6 3 2.5 2.2
Goodwill 2.1 2.0 2.1 2.0 2.1 2.1 2.1 2.0 2.8 2.7 0.7 0.7 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 14.0 13.4 13.8 12.5 10.3 10.0 5.5 6.3 7.6 8.2 0 0 0.7 0.7 0.7 0.6 0 0 0 0.4 1.2 0.8 0.8 0
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 17.1 8.8 2.4 1.5 2.2 2.6 2.1 2.4 3.2 2.4 2.5 2.8 0.9 0.8 1.1 2.4 1.6 1.1 0.5 0.6 0.4 0.1 0.3 0.1
Total Non-Current Assets 33.2 32.4 27.4 24.4 25.3 25.4 25.5 18.8 22.5 20.3 9.7 11.1 6.1 7.1 8.5 13.2 11.1 6 3.2 3.9 5.2 3.9 3.6 2.3
Total Assets 168.6 113.4 59.4 48.0 59.2 57.3 49.5 46.1 47.9 47.6 53.6 45.4 37.2 25.1 22.7 30.1 27.9 15.6 10.6 10 12.4 12.5 10.1 9
Current Liabilities
Account Payables 9.6 4.6 2.7 2.6 1.8 1.4 1.4 1.8 1.9 1.0 1.3 1.1 2.8 1.3 0.6 2.9 3.2 1.6 1.3 1.5 1.3 0.8 1.1 0.7
Short-Term Debt 1.2 0 0 0 0 0 0.9 1.5 3.3 1.1 0.9 0.9 0.2 0.1 0 0.7 0 0 0.1 0.1 0.2 0.1 0.1 0.2
Deferred Revenue 0 8.0 3.5 0 0 0 0 3.5 4.5 5.2 8.2 8.6 5.9 4.0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 35.2 1.6 1.3 0.9 1.3 1.7 0.5 2.1 3.8 1.3 2.3 2.5 2.0 0.6 0.5 4.5 4.2 2 1.3 2.4 0.9 1.4 0.3 0.2
Total Current Liabilities 50.5 39.5 22.9 20.8 21.3 18.3 15.8 14.3 15.6 12.8 11.3 11.4 8.9 6.1 5.6 8.0 7.4 3.6 2.7 4 2.4 2.3 1.5 1.1
Non-Current Liabilities
Long-Term Debt 0 0 0 0 0 0 4.5 4.1 4.5 3.9 1.2 1.5 0 0 0 0 0 0 0 0.1 0.2 0.1 0.2 0
Deferred Tax Liabilities 0.1 0.0 0.0 0.1 0.0 0.0 0.4 0.6 0.6 0.7 0.1 2.1 1.4 1.4 1.5 1.7 1.3 0.4 0.4 0.7 0.4 0.4 0 0
Other Non-Current Liabilities 7.6 6.7 6.8 5.1 6.2 6.3 0 (1.8) (0.8) 0 0 0.2 0 0 0 0 0 (0.1) 0 (0.1) (0.1) 0 0.1 0
Total Non-Current Liabilities 11.0 10.6 11.5 9.2 11.5 12.7 11.6 4.6 5.1 4.6 1.3 3.8 1.6 1.7 1.5 1.7 1.3 0.3 0.4 0.7 0.5 0.5 0.3 0
Total Liabilities 61.5 50.1 34.4 30.0 32.8 31.0 27.4 18.9 20.7 17.4 12.6 15.2 10.5 7.7 7.1 9.7 8.6 3.9 3.1 4.7 2.9 2.8 1.8 1.1
Stockholders' Equity
Common Stock 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0 0 0 0 0 0
Retained Earnings 51.2 19.0 (9.7) (8.8) 3.2 4.8 4.2 7.3 7.3 12.4 21.2 14.8 11.6 3.7 3.3 8.4 7.1 0.9 (1.2) (3.4) 0.8 1.4 (0.2) 0.9
Accumulated Other Comprehensive Income (2.1) (2.5) (1.6) (2.1) (2.2) (0.9) (0.9) (0.0) 0.8 (0.3) 1.5 0.7 (14.1) (12.1) (12.8) (9.9) (5.8) (6.2) (5.1) (4) (3.3) 0 0 0
Total Stockholders' Equity 107.1 63.5 25.7 18.8 29.9 29.6 25.5 30.6 31.1 33.8 41.0 30.2 26.7 17.4 15.6 20.4 19.3 11.7 7.5 5.3 9.5 9.7 8.3 7.9
Total Liabilities & Equity 168.6 113.4 59.4 48.0 59.2 57.3 49.5 46.1 47.9 47.6 53.6 45.4 37.2 25.1 22.7 30.1 27.9 15.6 10.6 10 12.4 12.5 10.1 9
Debt Metrics
Total Debt 4.4 4.7 5.5 4.7 6.3 7.3 13.3 5.6 6.6 5.0 2.1 2.6 0.3 0.4 0 0.7 0 0.0 0.1 0.2 0.4 0.2 0.3 0.2
Net Debt (77.8) (42.2) (8.3) (5.1) (12.6) (10.3) 2.4 (5.3) (4.8) (9.1) (24.4) (11.3) (20.3) (4.6) (7.3) (5.6) (9.0) (3.4) (3.4) (1.8) (1.7) (1.4) (2.1) (2.8)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 32.2 28.7 (0.9) (12.0) (1.7) 0.6 (2.1) 0.0 (5.4) (5.9) (1.7) 7.9 0.5 (5.2) 1.3 6.2 2.1 2.3 (4.2) (0.6) 1.5 0.3 0.4
Depreciation & Amortization 6.9 5.8 4.7 3.9 2.9 2.3 2.7 3.4 3.7 3.2 3.2 3.9 4.5 5.2 4.8 3.0 1.8 1.3 1.3 1.4 1 0.7 0.4
Stock-Based Compensation 11.1 4.0 4.0 3.3 0 0 0 0.8 0.7 1.2 0 0 0 0 0 0 1.2 0 0 0 0 0 0
Change in Working Capital (9.0) 0.1 (3.1) 1.9 2.3 1.6 2.9 (1.9) 1.9 (2.3) (0.7) 3.0 (5.3) 2.1 (5.6) 1.9 (1.9) (0.2) 0.7 0.3 (2.1) (0.2) (1.2)
Other Non-Cash Items 1.5 2.0 1.5 1.5 1.5 1.8 1.2 1.2 0.1 1.3 0.1 0.0 0.9 0.9 4.8 0.8 (0.1) (0.4) 2.9 0 0.1 0.1 0.1
Operating Cash Flow 46.8 35.0 5.9 (1.2) 5.2 5.7 4.3 3.6 0.7 (2.7) 1.1 15.7 0.7 3.0 4.8 12.4 2.9 2.5 1.1 0.9 0.7 0.9 (0.3)
Investing Activities
Capital Expenditure (11.1) (7.7) (5.6) (6.5) (4.4) (1.4) (1.7) (2.0) (3.4) (2.7) (2.3) (2.1) (2.4) (1.2) (5.6) (7.4) (3.9) (1) (1) (1.2) (1.2) (0.8) (1.8)
Acquisitions 0 0 0 0 0 0.0 0 0 0 (4.2) 0 0 0 0 (0.8) 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 (0.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1.4)
Sales/Maturities of Investments 0 0 0.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.2 0 0 0
Other Investing Activities 0 0 0 0 0 0 0 0 0 0 0 1 (1) 0 0 0 0 0.2 0 (0.4) 0 (0.5) 0.1
Investing Cash Flow (11.1) (7.7) (5.1) (7.0) (4.4) (1.4) (1.7) (2.0) (3.4) (7.0) (2.3) (1.1) (3.4) (1.2) (6.4) (7.4) (3.9) (0.8) (1) (0.4) (1.2) (1.3) (3.1)
Financing Activities
Net Debt Issuance 0 (0.5) (0.5) (0.6) (0.7) (0.3) (0.6) (2.0) (0.3) 0 (0.7) (0.1) (0.0) (0.7) 0 (0.0) (0.1) (0.1) (0.2) (0.1) (0.1) (0.2) 0
Stock Repurchased 0 0 0 0 0 0 (1.8) 0 0 (0.1) 0 0 0 (0.4) (1.6) 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (3.8) (0.1) 3.3 0.3 (0.8) 0 0 0 0 (0.7) 0 0 0 0 0 0.0 0.1 0 0 0.1 (0.2) 0 (0.5)
Financing Cash Flow (0.4) 6.1 2.9 (0.3) 0.8 2.3 (2.4) (2.0) (0.3) (0.8) 0.6 1.0 0.5 (0.9) (1.2) 0.7 0.9 (0.1) (0.2) 0.1 (0.3) (0.2) 6.3
Cash Position
Net Change in Cash 35.3 33.1 4.0 (9.1) 1.3 6.7 0.0 (0.5) (2.8) (10.7) (0.6) 15.6 (2.2) 1.0 (2.8) 5.7 (0.1) 1.6 (0.1) 0.6 (0.3) (0.2) 6.3
Cash at Beginning 46.9 13.8 9.8 18.9 17.6 10.9 10.9 11.4 14.2 24.9 20.7 5.1 7.3 6.3 9.0 3.4 3.5 2 2.1 1.6 2.4 3 0.2
Cash at End 82.2 46.9 13.8 9.8 18.9 17.6 10.9 10.9 11.4 14.2 20.1 20.7 5.1 7.3 6.3 9.0 3.4 3.6 2 2.2 2.1 2.8 6.5
Free Cash Flow 35.6 27.3 0.3 (7.7) 0.8 4.2 2.6 1.6 (2.7) (5.5) (1.2) 13.6 (1.7) 1.9 (0.7) 5.0 (1) 1.5 0.1 (0.3) (0.5) 0.1 (2.1)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 251.7 170.5 86.8 79.0 69.8 58.2 55.9 57.4 60.9 63.1 58.5 59.1 64.2 86.6 73.9 61.5 79.3 75.0 67.7 41.0 42.1 53.9 36.7 36.4 58.3 50.7 27.5 19.6 20.1 20.5 20.8 14.3 9.6
Gross Profit 99.8 66.9 31.9 27.7 26.3 19.8 18.7 18.5 15.7 16.1 14.8 15.3 16.6 30.2 22.6 14.2 24.6 21.7 19.1 6.8 11.1 20.9 9.7 4.4 13.9 19.2 11.4 7.8 5.4 5.1 7.8 4.2 3
Operating Income 40.2 24.2 0.9 (10.3) (1.5) 1.2 (0.8) 2.7 (4.6) (3.2) (2.0) (1.0) (0.7) 8.2 3.5 (1.4) 8.2 5.8 3.9 (7.4) (2.6) 11.7 0.8 (5.9) 1.8 9.0 2.8 1.5 (1.2) (1.1) 2.5 0.7 0.6
Net Income 32.2 28.7 (0.9) (11.9) (1.7) 0.6 (2.1) (0.3) (5.1) (5.5) (2.8) (1.0) (10.6) 7.5 4.5 (0.7) 7.3 7.6 4.6 (7.3) (1.7) 7.9 0.5 (5.2) 1.3 6.2 2.1 2.3 (4.2) (0.6) 1.5 0.3 0.4
EPS (Diluted) 0.92 0.89 -0.03 -0.44 -0.07 0.02 -0.06 0.00 -0.20 -0.22 -0.11 -0.04 -0.43 0.28 0.18 -0.03 0.28 0.26 0.18 -0.30 -0.07 0.32 0.02 -0.24 0.05 0.27 0.11 0.13 -0.23 -0.03 0.08 0.01 0.01
Balance Sheet
Cash & Equivalents 82.2 46.9 13.8 9.8 18.9 17.6 10.9 10.9 11.4 14.2 26.5 13.9 20.7 5.1 7.3 6.3 9.0 3.4 3.5 2 2.1 1.6 2.4 3
Total Assets 168.6 113.4 59.4 48.0 59.2 57.3 49.5 46.1 47.9 47.6 53.6 45.4 37.2 25.1 22.7 30.1 27.9 15.6 10.6 10 12.4 12.5 10.1 9
Total Debt 4.4 4.7 5.5 4.7 6.3 7.3 13.3 5.6 6.6 5.0 2.1 2.6 0.3 0.4 0 0.7 0 0.0 0.1 0.2 0.4 0.2 0.3 0.2
Stockholders' Equity 107.1 63.5 25.7 18.8 29.9 29.6 25.5 30.6 31.1 33.8 41.0 30.2 26.7 17.4 15.6 20.4 19.3 11.7 7.5 5.3 9.5 9.7 8.3 7.9
Cash Flow
Operating Cash Flow 46.8 35.0 5.9 (1.2) 5.2 5.7 4.3 3.6 0.7 (2.7) 1.1 15.7 0.7 3.0 4.8 12.4 2.9 2.5 1.1 0.9 0.7 0.9 (0.3)
Capital Expenditure (11.1) (7.7) (5.6) (6.5) (4.4) (1.4) (1.7) (2.0) (3.4) (2.7) (2.3) (2.1) (2.4) (1.2) (5.6) (7.4) (3.9) (1) (1) (1.2) (1.2) (0.8) (1.8)
Free Cash Flow 35.6 27.3 0.3 (7.7) 0.8 4.2 2.6 1.6 (2.7) (5.5) (1.2) 13.6 (1.7) 1.9 (0.7) 5.0 (1) 1.5 0.1 (0.3) (0.5) 0.1 (2.1)