Innodata (INOD) Balance Sheet: Assets & Liabilities

Innodata (INOD) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Innodata reported total assets of $168.59M and total liabilities of $61.53M. Shareholders' equity was $107.06M, up 68.7% from $63.47M a year earlier. Total debt stood at $4.43M against $82.23M in cash and short-term investments, a net cash position of $77.80M. That puts debt-to-equity at 0.04, compared with 0.07 a year earlier.

Innodata Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Innodata Inc. (INOD) - 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
Current Assets
Cash and Cash Equivalents	82.23	46.90	13.81	9.79	18.90	17.57	10.87	10.87	11.41
Short-Term Investments	0.00	0.01	0.01	0.51	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	82.23	46.90	13.82	10.30	18.90	17.57	10.87	10.87	11.41
Accounts Receivable	46.51	28.01	14.29	9.53	11.38	10.05	9.72	10.63	10.29
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	6.65	6.09	3.97	3.86	3.68	4.19	3.41	4.67	2.88
Total Current Assets	135.39	81.00	32.08	23.69	33.96	31.86	24.00	27.27	25.33
Non-Current Assets
Property, Plant & Equipment (Net)	12.06	8.34	7.34	6.82	8.57	8.46	13.89	6.81	7.19
Goodwill	2.08	2.00	2.08	2.04	2.14	2.15	2.11	2.05	2.83
Intangible Assets	13.98	13.35	13.76	12.53	10.35	10.03	5.48	6.28	7.61
Other Non-Current Assets	1.65	1.27	2.45	1.50	4.20	2.56	2.11	2.44	3.16
Total Non-Current Assets	33.20	32.45	27.35	24.36	25.26	25.39	25.49	18.78	22.54
Total Assets	168.59	113.45	59.43	48.04	59.22	57.25	49.50	46.05	47.87
Current Liabilities
Accounts Payable	9.62	4.55	2.66	2.63	1.82	1.44	1.42	1.83	1.87
Short-Term Debt	1.20	0.88	0.78	0.69	1.03	0.99	2.02	-2.20	3.33
Current Portion of Long-Term Debt	1.66	1.64	1.26	0.88	1.28	-	-	-	-
Accrued Liabilities	26.09	18.73	10.86	13.39	13.96	8.01	-	-	-
Deferred Revenue	7.49	8.01	3.52	0.00	4.50	1.20	0.00	3.53	4.50
Other Current Liabilities	32.22	1.64	1.26	14.26	3.21	1.71	8.13	5.90	9.30
Total Current Liabilities	50.53	39.51	22.94	20.82	21.30	18.35	15.75	14.29	15.60
Non-Current Liabilities
Long-Term Debt	3.23	3.78	4.70	4.04	6.22	6.33	11.27	5.85	5.31
Deferred Tax Liabilities	0.15	0.03	0.02	0.07	0.02	0.04	0.36	0.57	0.61
Other Non-Current Liabilities	7.63	6.74	6.78	5.08	0.02	6.07	0.00	-1.79	-0.83
Total Non-Current Liabilities	11.00	10.55	11.50	9.18	11.51	12.66	11.63	4.63	5.09
Total Liabilities	61.53	50.06	34.44	30.00	32.81	31.00	27.38	18.93	20.69
Stockholders' Equity
Common Stock	0.36	0.35	0.32	0.31	0.30	0.29	0.28	0.28	0.28
Retained Earnings	51.16	18.98	-9.68	-8.78	3.16	4.83	4.22	7.35	7.35
Accumulated Other Comprehensive Income	-2.12	-2.47	-1.62	-2.11	-2.19	-0.94	-0.92	-0.02	0.85
Treasury Stock	6.47	6.47	6.47	6.47	6.47	-	-	-	-
Additional Paid-in Capital	57.75	53.09	43.15	29.35	35.12	25.46	21.96	22.96	22.65
Minority Interest	-0.08	-0.08	-0.71	-0.73	-3.52	-3.39	-3.42	-3.44	-3.94
Shares Outstanding	32.34	31.30	28.75	27.41	27.16	-	-	-	-
Total Stockholders' Equity	107.06	63.47	25.70	18.77	26.41	26.25	25.53	30.57	31.12
Total Liabilities & Equity	168.59	113.45	59.43	48.04	59.22	57.25	49.50	46.05	47.87

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

Frequently Asked Questions About Innodata Balance Sheet

How much debt does Innodata have?

Innodata had total debt of $4.43M as of Dec 31, 2025, against $82.23M in cash and short-term investments. Its debt-to-equity ratio was 0.04. Total debt was $4.66M a year earlier.

What are Innodata's total assets?

Innodata reported total assets of $168.59M as of Dec 31, 2025, up 48.6% from $113.45M a year earlier. Total liabilities were $61.53M.

What is Innodata's shareholders' equity?

Innodata's shareholders' equity was $107.06M as of Dec 31, 2025, or about $3.31 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition