Innodata (INOD) Financial Statements & Analysis

Innodata (INOD) Income Statement

Innodata reported revenue of $251.66M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 47.6% from $170.46M a year earlier. Net income was $32.18M, up 12.3% year over year, a net margin of 12.8%. Gross margin was 39.5% and operating margin 15.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $92.14M, up 57.8% from the same quarter a year earlier.

Innodata Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Innodata Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	251.66	170.46	86.78	79.00	69.76	58.24	55.86	57.42	60.93
Cost of Revenue	150.63	103.53	54.86	49.70	41.71	38.40	37.18	38.89	45.27
Gross Profit	99.48	66.93	31.91	27.47	26.26	19.84	18.68	18.53	15.66
Operating Expenses
Research & Development	0.00	3.50	0.00	0.00	0.00	0.00	0.00	0.10	0.10
Selling, General & Administrative	61.16	42.74	30.98	39.78	29.70	18.66	19.48	15.85	20.20
Operating Expenses	59.61	42.74	30.98	37.94	27.91	18.66	19.48	15.85	20.30
Operating Income	39.87	24.19	0.94	-10.47	-1.65	1.18	-0.80	2.68	-4.65
Other Income/Expense
Interest Income	1.55	0.15	0.00	0.00	0.11	0.00	0.00	0.00	0.02
Interest Expense	0.00	0.00	0.18	-0.01	0.00	0.14	0.12	0.03	0.00
Other Income/Expense	1.55	0.29	-0.80	0.01	0.47	-0.14	-0.27	-1.12	-0.53
Income
Income Before Tax	41.43	24.49	0.14	-10.48	-0.96	1.05	-1.07	1.56	-5.17
Income Tax Expense	9.24	-4.19	1.03	1.52	0.84	0.40	1.09	1.81	0.19
Net Income	32.18	28.66	-0.91	-11.94	-1.67	0.62	-2.14	-0.25	-5.06
Net Income - Continuous Operations	32.18	28.66	-0.91	-11.94	-1.81	0.62	-2.14	-0.25	-5.06
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	42.76	30.28	5.03	-8.38	-0.19	3.45	1.75	4.97	-1.69
EBIT	39.87	24.34	0.90	-10.47	-1.65	0.78	-	-	-
Depreciation & Amortization	6.89	5.80	4.72	2.09	1.47	2.27	2.70	3.37	3.48
Earnings Per Share
Basic EPS	1.00	1.00	-	-	-	-	-	-	-
Diluted EPS	1.00	1.00	-	-	-	-	-	-	-
Basic Shares Outstanding	31.81	29.16	28.13	27.28	26.63	24.61	25.77	25.30	25.28
Diluted Shares Outstanding	35.03	32.18	28.13	27.28	26.63	25.57	25.77	25.88	25.82

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Innodata Financial Statements

What was Innodata's revenue in fiscal 2025?

Innodata reported revenue of $251.66M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 47.6% from $170.46M a year earlier.

Is Innodata profitable?

Yes. Innodata earned net income of $32.18M in fiscal 2025, a net margin of 12.8%. In fiscal 2024 it earned $28.66M.

What is Innodata's operating margin?

Innodata's operating income was $39.87M on revenue of $251.66M in fiscal 2025, an operating margin of 15.8%, compared with 14.2% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition