10-K · February 26, 2026
Innodata Inc. reported a significant fiscal year 2025 with revenues rising to $251.7 million, an increase of 48% from the previous year. The Digital Data Solutions segment drove this growth, achieving $220.8 million in…
Earnings analysis · 10-Q
INOD earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Innodata Inc. reported a strong Q1 2026 with total revenues of $90.1 million, a 54% increase year-over-year, significantly surpassing estimates. The company achieved an impressive EPS of $0.42, well above the estimated…
Read full summary
Innodata Inc. reported a strong Q1 2026 with total revenues of $90.1 million, a 54% increase year-over-year, significantly surpassing estimates. The company achieved an impressive EPS of $0.42, well above the estimated $0.17, and saw improvements in margins, with gross margin increasing to 44%. Additionally, cash positions strengthened with cash and cash equivalents rising to $117.4 million.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.42
- Gross margin
- 44%
What stood out
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Q1 Revenue Surpassed Estimates
Total revenue for Q1 was $90.1 million, exceeding estimates by 18% and up 54% from $58.3 million in Q1 2025.
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Significant EPS Beat
Earnings per share for the quarter were reported at $0.42 vs. estimates of $0.17, reflecting a strong operating performance.
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Improved Gross Margin
Gross margin increased to 44% in Q1 2026 compared to 40% in Q1 2025, indicating better cost management.
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Higher Operating Cash Flow
Cash provided by operating activities was $37.3 million, up from $10.8 million in Q1 2025, demonstrating strong cash generation.
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Robust Growth in AI Services
Revenue growth was driven by increased demand for AI-related data services, with one customer contributing 56% of total revenues.
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Increased Cash Reserves
Cash and cash equivalents rose to $117.4 million from $82.2 million as of December 31, 2025.
What to watch
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Customer Concentration Risk
One customer accounted for 56% of total revenues, raising concerns about dependency.
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Cost Pressure from Labor Increases
Direct operating costs rose 43% to $50.3 million as headcount expanded to meet demand.
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Market Volatility and Competition
Company's results may be affected by changes in market conditions and competition in AI services.
Management's outlook
Management raised full-year revenue growth guidance to approximately 40% or more from 35%.
Earlier filings 4
10-Q · November 6, 2025
Innodata Inc.'s Q3 2025 results highlighted significant growth, with revenue increasing 20% year-over-year to $63 million and EPS rising to $0.24, beating estimates. Despite these gains, increased operational costs led…
10-Q · July 31, 2025
Innodata Inc. reported strong Q2 2025 results, with revenues of $58.4 million, an increase of approximately 79% year-over-year. The company also posted a significant EPS of $0.20, notably beating estimates and…
10-Q · May 9, 2025
Innodata Inc. reported strong Q1 2025 earnings, with revenue of $58.3 million, a significant increase of approximately 120% year-over-year, and EPS of $0.22, beating estimates of $0.18. The results reflect improved…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.