InsiderClue
Stocks · Technology · Services-Computer Processing & Data Preparation

INNODATA INC

INOD Clue Score65
United States Fiscal year ends December CIK 0000903651
$59.91 -3.43% Close, 12 Oct 2026
Alert on the numbers Alert on insider trades
Price $59.91 +502.72% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue63.1Operating income−4.7Net income−5.5Fiscal year 2017Revenue60.9 −3.4%Operating income−5.1Net income−5.1Fiscal year 2018Revenue57.4 −5.8%Net income−0.3Fiscal year 2019Revenue55.9 −2.7%Net income0.6EPS, diluted−0.08Fiscal year 2020Revenue58.2 +4.3%Net income0.6 +0.0%EPS, diluted0.02Fiscal year 2021Revenue69.8 +19.8%Net income−1.7 −371.2%EPS, diluted−0.06Fiscal year 2022Revenue79.0 +13.3%Net income−11.9EPS, diluted−0.44Fiscal year 2023Revenue86.8 +9.8%Operating income0.3Net income−0.9EPS, diluted−0.03Fiscal year 2024Revenue170.5 +96.4%Operating income24.3Net income28.7EPS, diluted0.89Fiscal year 2025Revenue251.7 +47.6%Operating income39.9Net income32.2 +12.3%EPS, diluted0.92
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 63.1 60.9 57.4 55.9 58.2 69.8 79.0 86.8 170.5 251.7
Growth −3.4% −5.8% −2.7% +4.3% +19.8% +13.3% +9.8% +96.4% +47.6%
Operating income −4.7 −5.1 n/a n/a n/a n/a n/a 0.3 24.3 39.9
Net income −5.5 −5.1 −0.3 0.6 0.6 −1.7 −11.9 −0.9 28.7 32.2
Growth +0.0% −371.2% +12.3%
EPS, diluted n/a n/a n/a −0.08 0.02 −0.06 −0.44 −0.03 0.89 0.92

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Operating margin−7.5%Net margin−8.8%Free cash flow margin−8.7%Fiscal year 2017Operating margin−8.4%Net margin−8.3%Free cash flow margin−4.5%Fiscal year 2018Net margin−0.4%Free cash flow margin2.7%Fiscal year 2019Net margin1.1%Free cash flow margin4.7%Fiscal year 2020Net margin1.1%Free cash flow margin7.3%Fiscal year 2021Net margin−2.4%Free cash flow margin1.1%Fiscal year 2022Net margin−15.1%Free cash flow margin−9.8%Fiscal year 2023Gross margin36.1%Operating margin0.4%Net margin−1.0%Free cash flow margin0.4%Fiscal year 2024Gross margin39.3%Operating margin14.3%Net margin16.8%Free cash flow margin15.9%Fiscal year 2025Gross margin39.5%Operating margin15.8%Net margin12.8%Free cash flow margin14.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a n/a n/a n/a n/a n/a n/a 36.1% 39.3% 39.5%
Operating margin −7.5% −8.4% n/a n/a n/a n/a n/a 0.4% 14.3% 15.8%
Net margin −8.8% −8.3% −0.4% 1.1% 1.1% −2.4% −15.1% −1.0% 16.8% 12.8%
Free cash flow margin −8.7% −4.5% 2.7% 4.7% 7.3% 1.1% −9.8% 0.4% 15.9% 14.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−2.7Capital expenditure−2.7Free cash flow−5.5Buybacks−0.1Fiscal year 2017Operating cash flow0.6Capital expenditure−3.4Free cash flow−2.8Buybacks0.0Fiscal year 2018Operating cash flow3.6Capital expenditure−2.0Free cash flow1.5Fiscal year 2019Operating cash flow4.3Capital expenditure−1.7Free cash flow2.6 +70.3%Fiscal year 2020Operating cash flow5.7Capital expenditure−1.4Free cash flow4.2 +62.5%Fiscal year 2021Operating cash flow5.2Capital expenditure−4.4Free cash flow0.8 −81.6%Fiscal year 2022Operating cash flow−1.2Capital expenditure−6.5Free cash flow−7.7 −1,088.8%Fiscal year 2023Operating cash flow5.9Capital expenditure−5.6Free cash flow0.3Fiscal year 2024Operating cash flow34.9Capital expenditure−7.7Free cash flow27.1 +7,900.9%Fiscal year 2025Operating cash flow46.8Capital expenditure−11.1Free cash flow35.6 +31.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −2.7 0.6 3.6 4.3 5.7 5.2 −1.2 5.9 34.9 46.8
Capital expenditure −2.7 −3.4 −2.0 −1.7 −1.4 −4.4 −6.5 −5.6 −7.7 −11.1
Free cash flow −5.5 −2.8 1.5 2.6 4.2 0.8 −7.7 0.3 27.1 35.6
Growth +70.3% +62.5% −81.6% −1,088.8% +7,900.9% +31.4%
Buybacks −0.1 0.0 n/a n/a n/a n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash14.2Total debt5.0Net cash (debt)9.1Shareholders’ equity33.8Debt to equity0.15Fiscal year 2017Cash11.4Total debt7.8Net cash (debt)3.6Shareholders’ equity30.6Debt to equity0.26Fiscal year 2018Cash10.9Total debt5.6Net cash (debt)5.3Shareholders’ equity29.6Debt to equity0.19Fiscal year 2019Cash10.9Total debt6.0Net cash (debt)4.9Shareholders’ equity25.5Debt to equity0.23Fiscal year 2020Cash17.6Total debt8.0Net cash (debt)9.6Shareholders’ equity29.6Debt to equity0.27Fiscal year 2021Cash18.9Total debt7.5Net cash (debt)11.4Shareholders’ equity29.9Debt to equity0.25Fiscal year 2022Cash9.8Total debt6.0Net cash (debt)3.8Shareholders’ equity18.8Debt to equity0.32Fiscal year 2023Cash13.8Shareholders’ equity25.7Fiscal year 2024Cash46.9Shareholders’ equity63.5Fiscal year 2025Cash82.2Shareholders’ equity107.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 14.2 11.4 10.9 10.9 17.6 18.9 9.8 13.8 46.9 82.2
Total debt 5.0 7.8 5.6 6.0 8.0 7.5 6.0 n/a n/a n/a
Net cash (debt) 9.1 3.6 5.3 4.9 9.6 11.4 3.8 n/a n/a n/a
Shareholders’ equity 33.8 30.6 29.6 25.5 29.6 29.9 18.8 25.7 63.5 107.1
Debt to equity 0.15 0.26 0.19 0.23 0.27 0.25 0.32 n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
n/a n/a n/a n/a n/a n/a n/a 36.1% 39.3% 39.5%
−7.5% −8.4% n/a n/a n/a n/a n/a 0.4% 14.3% 15.8%
−7.6% −8.3% 2.7% −1.9% 1.8% −1.4% −13.3% 0.2% 14.4% 16.5%
−8.8% −8.3% −0.4% 1.1% 1.1% −2.4% −15.1% −1.0% 16.8% 12.8%
−8.7% −4.5% 2.7% 4.7% 7.3% 1.1% −9.8% 0.4% 15.9% 14.2%
Spending
31.0% 33.2% 27.6% 34.9% 32.0% 40.0% 48.0% 35.7% 25.1% 23.7%
4.3% 5.6% 3.5% 3.0% 2.4% 6.3% 8.3% 6.4% 4.5% 4.4%
n/a n/a 115.7% n/a 38.4% n/a n/a 739.6% −17.1% 22.3%
Returns
−16.4% −16.5% −0.9% 2.4% 2.1% −5.6% −63.6% −3.5% 45.2% 30.0%
−11.6% −10.6% −0.6% 1.2% 1.1% −2.8% −24.8% −1.5% 25.3% 19.1%
Balance and payout
0.15 0.26 0.19 0.23 0.27 0.25 0.32 n/a n/a n/a
n/a n/a n/a 55.3% 54.2% 55.4% 62.4% 57.9% 44.1% 36.5%