INNODATA INC

Listed Company

INODCIK 0000903651NasdaqNon-AcceleratedServices-Computer Processing & Data PreparationDelawareFY ends Dec 31

Period

FY 2025

Revenue

$251.66M

Net Income

$32.18M

Total Assets

$168.59M

Equity

$107.14M

Shares Out

32.60M

Op. Cash Flow

$46.75M

Business

INNODATA INC is a data engineering company that prepares, annotates and engineers high-quality training data to support the development and deployment of artificial intelligence and machine learning applications. It offers data preparation and labeling, AI model deployment and integration, custom AI model development, model evaluation, synthetic data generation, and AI-enabled industry platforms. The company operates through three reporting segments: Digital Data Solutions (DDS), Synodex (healthcare data platform) and Agility (PR/media intelligence platform). It serves global enterprise customers across technology, financial services, healthcare, media and other industries via direct sales, SaaS, managed services and cloud integrations.

Summary from filing dated 2025-02-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	252	170	87	—	—
Direct operating costs	152	103	55	52	43
Selling and administrative expenses	60	43	31	38	28
Interest income, net	−2	−149,000	179,000	11,000	−108,000
Total	210	146	87	89	71
Income before provision for income taxes	41	24	139,000	−10	−963,000
Provision for income taxes	9	−4	1	2	842,000
Consolidated net income	32	29	−889,000	−12	−2
Income attributable to non-controlling interests	—	15,000	19,000	−70,000	−132,000
Net Income attributable to Innodata Inc. and Subsidiaries	32	29	−908,000	—	—
Basic (in dollars per share)	1.01	0.98	−0.03	−0.44	−0.06
Diluted (in dollars per share)	0.92	0.89	−0.03	−0.44	−0.06
Basic (in shares)	32	29	28	27,278	27
Diluted (in shares)	35	32	28	27,278	27
Pension liability adjustment, net of taxes	−384,000	179,000	−326,000	772,000	−414,000
Foreign currency translation adjustment	613,000	−592,000	407,000	−676,000	−487,000
Change in fair value of derivatives, net of taxes	125,000	−436,000	406,000	−12,000	−353,000
Other comprehensive income (loss)	354,000	−849,000	487,000	84,000	−1
Total comprehensive income	33	28	−402,000	−12	−3
Comprehensive income attributed to non-controlling interest	—	15,000	19,000	−70,000	−132,000
Comprehensive income attributable to Innodata Inc. and Subsidiaries	33	28	−421,000	−12	−3

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	82	47	14	10	19
Accounts receivable, net of allowance for credit losses	47	28	14	10	11
Prepaid expenses and other current assets	7	6	4	4	4
Total current assets	135	81	32	24	34
Property and equipment, net	8	4	2	3	3
Right-of-use-asset, net	4	4	5	4	6
Other assets	2	1	2	1	2
Deferred income taxes, net	3	7	2	1	2
Intangibles, net	14	13	14	13	10
Goodwill	2	2	2	2	2
Total assets	169	113	59	48	59
Accounts payable	10	5	3	3	2
Accrued expenses	10	5	3	7	8
Accrued salaries, wages and related benefits	16	14	8	6	6
Deferred revenues	7	8	4	4	—
Income and other taxes	4	6	4	3	3
Long-term obligations - current portion	2	2	1	877,000	—
Operating lease liability - current portion	1	877,000	782,000	693,000	1
Total current liabilities	51	40	23	21	21
Deferred income taxes, net	146,000	32,000	22,000	65,000	15,000
Long-term obligations, net of current portion	8	7	7	5	—
Operating lease liability, net of current portion	3	4	5	4	5
Total liabilities	62	50	34	30	33
Commitments and contingencies	—	—	—	—	—
Serial preferred stock; 4,998 shares authorized, none issued and outstanding	—	—	—	—	—
Common stock, $.01 par value; 75,000 shares authorized; 35,521 shares issued and 32,337 outstanding at December 31, 2025 and 34,484 shares issued and 31,300 outstanding at December 31, 2024	355,000	345,000	320,000	306,000	303,000
Additional paid-in capital	64	53	43	36	35
Retained earnings	51	19	−10	−9	3
Accumulated other comprehensive loss	−2	−2	−2	−2	−2
Stockholders' equity before treasury stock, total	114	70	32	25	36
Less: treasury stock, 3,184 shares at December 31, 2025 and 2024, at cost	−6	−6	−6	−6	−6
Stockholders' equity Innodata Inc. and subsidiaries	107	63	26	19	30
Non-controlling interests	−83,000	−83,000	—	—	—
Total Stockholders' equity	107	63	25	—	—
Total liabilities and stockholders' equity	169	113	59	48	59

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	7	6	5	4	3
Stock-based compensation	11	4	4	3	2
Deferred income taxes	4	−6	−276,000	217,000	88,000
Provision for credit losses	108,000	527,000	426,000	480,000	—
Pension cost	1	1	1	943,000	507,000
Accounts receivable	−18	−14	−5	1	−2
Prepaid expenses and other current assets	−480,000	−2	372,000	−226,000	487,000
Other assets	−375,000	1	−171,000	750,000	311,000
Accounts payable and accrued expenses	10	3	353,000	322,000	4
Deferred revenues	−517,000	4	−843,000	—	—
Accrued salaries, wages and related benefits	3	6	2	−310,000	685,000
Income and other taxes	−1	2	605,000	13,000	−2
Pension benefit payments	−149,000	−151,000	—	—	—
Net cash provided by operating activities	47	35	6	−1	5
Capital expenditures	−11	−8	−6	−7	−4
Net cash used in investing activities	−11	−8	−5	−7	−4
Proceeds from exercise of stock options	3	7	3	332,000	2
Withholding taxes on net settlement of restricted stock units	−3	−97,000	—	—	—
Payment of long-term obligations	−420,000	−362,000	−452,000	−639,000	−691,000
Net cash provided by (used in) financing activities	−426,000	6	3	−307,000	773,000
Effect of exchange rate changes on cash and cash equivalents	111,000	−255,000	310,000	−554,000	−227,000
Net increase in cash and cash equivalents	35	33	4	−9	1
Shares withheld for withholding taxes on net settlement for restricted stock	3	97,000	—	—	—
Cash paid for income taxes	6	2	—	—	—
Cash paid for interest	229,000	287,000	400,000	19,000	28,000

Filings

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