INOD

Innodata Inc Information Technology Services-Computer Processing & Data Preparation Russell 3000
$43.81Close $1.4BMarket cap $34.45 – $121.5052-week range Nov 5, 2026Next report · after the close

Highlights

Strengths

  • Earnings growing EPS +103% year on year, faster than the quarter before (+15 pts)

Cautions

  • Not in an uptrend 2 of 8 trend conditions
  • Lagging the market RS 11 · weaker than 89% of stocks over 12 months
  • Far from its high 64% below its 52-week high
  • Results soon Nov 5, 2026, in 4 days

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Aug 6, 2026
Off 12-month high 64%
1wk down 26.2% price change
1mo down 33.4% price change
12-month return down 41% market up 11% · its own down 55%
F-score 6 / 9 Mixed
Altman Z″ 7.71 Low risk
P/E 44.0× price / earnings
PEG 13.95 P/E / EPS growth
P/B 13.2× price / book
Earnings yield up 3.0% EBIT / enterprise value
Cheaper than 33% of the market · expensive
Revenue growth up 48% year on year
EPS growth up 103% latest quarter · +15 pts
Sales growth up 58% latest quarter · +3 pts
ROE up 38% return on equity
Free cash margin up 14% $35.6M FCF
D/E — long-term debt / equity
Net debt / EBITDA -1.8× net cash
Interest cover —EBIT / interest
Piotroski tests
  • profitability slipped from last year
  • issued more shares
  • assets working less efficiently
  • profitable on its assets
  • generating cash from operations
  • profits backed by cash
  • reduced long-term debt
  • short-term liquidity improved
  • gross margin widened

Trade setup

ATR% 10.9% $4.78 a day · 2×ATR $34.25
RS 11 / 99 vs the universe
Trend 2 / 8 trend template
Relative volume 1.2× vs 50-day average
Up/down volume 0.89 50 sessions
Implied move — no option chain · report Nov 5, 2026
Trend template · 2 of 8
  • 150-day average above the 200-day: passes
  • 200-day average rising for a month: passes

Screen verdict

Did not qualify for any screen.

Warning signs

1 flagged
  • Shareholders diluted The share count rose 3.3% over the year, from 31m to 32m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
Last reported Aug 6, 2026
Last shock Oct 27, 2026-25% in one session6.9× volumeno filing matched-2% since

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $251.7M +48% on FY2024
$0 $500M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $58.2M FY2021 · $69.8M FY2022 · $79.0M FY2023 · $86.8M FY2024 · $170.5M FY2025 · $251.7M
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $32.2M +12% on FY2024
-$20M $0 $50M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $617,000 FY2021 · -$1.7M FY2022 · -$11.9M FY2023 · -$908,512 FY2024 · $28.7M FY2025 · $32.2M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $35.6M +31% on FY2024
-$10M $0 $50M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $4.2M FY2021 · $783,000 FY2022 · -$7.7M FY2023 · $339,000 FY2024 · $27.1M FY2025 · $35.6M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 40%
  • Net 13%
  • Free cash 14%
-20% 0% 50% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Net 1% · Free cash 7% FY2021 · Net -2% · Free cash 1% FY2022 · Net -15% · Free cash -10% FY2023 · Gross 36% · Net -1% · Free cash 0% FY2024 · Gross 39% · Net 17% · Free cash 16% FY2025 · Gross 40% · Net 13% · Free cash 14%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology
  • Cash
  • Long-term debt
$0 $100M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $17.6M · Long-term debt $6.3M FY2021 · Cash $18.9M · Long-term debt $6.2M FY2022 · Cash $9.8M · Long-term debt $5.1M FY2023 · Cash $13.8M FY2024 · Cash $46.9M FY2025 · Cash $82.2M
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 32.34m +25.3% since FY2020
32.34m 25.80m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 25.80m FY2021 · 27.16m FY2022 · 27.41m FY2023 · 28.75m FY2024 · 31.30m FY2025 · 32.34m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $58.2M $69.8M $79.0M $86.8M $170.5M $251.7M
Gross margin — — — 36% 39% 40%
Operating income — — — $318,000 $24.3M $39.9M
Net income $617,000 -$1.7M -$11.9M -$908,512 $28.7M $32.2M
Net margin 1% -2% -15% -1% 17% 13%
Earnings per share $0.02 -$0.06 -$437.50 -$0.03 $0.89 $0.92
Free cash flow $4.2M $783,000 -$7.7M $339,000 $27.1M $35.6M
Free cash margin 7% 1% -10% 0% 16% 14%
Cash $17.6M $18.9M $9.8M $13.8M $46.9M $82.2M
Long-term debt $6.3M $6.2M $5.1M — — —
Shareholders' equity $29.6M $29.9M $18.8M $25.7M $63.5M $107.1M
Shares outstanding 25.80m 27.16m 27.41m 28.75m 31.30m 32.34m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Aug 6, 2026 Quarterly ↗ Jun 30, 2026 37d
May 7, 2026 Quarterly ↗ Mar 31, 2026 37d
Feb 26, 2026 Annual ↗ Dec 31, 2025 57d
Nov 6, 2025 Quarterly ↗ Sep 30, 2025 37d
Jul 31, 2025 Quarterly ↗ Jun 30, 2025 31d
May 9, 2025 Quarterly ↗ Mar 31, 2025 39d
Feb 24, 2025 Annual ↗ Dec 31, 2024 55d
Nov 7, 2024 Quarterly ↗ Sep 30, 2024 38d
Aug 9, 2024 Quarterly ↗ Jun 30, 2024 40d
May 8, 2024 Quarterly ↗ Mar 31, 2024 38d
Mar 4, 2024 Annual ↗ Dec 31, 2023 64d
Nov 3, 2023 Quarterly ↗ Sep 30, 2023 34d

Current reports