INNODATA INC
Business
Innodata Inc. is a global data engineering and AI systems services company that supports the development, training, post-training, evaluation, and deployment of advanced artificial intelligence systems for leading technology companies, frontier AI labs, and enterprises. The company provides training and post-training data development, alignment and preference optimization, capabilities and safety evaluation, and AI enablement services, operating across the full lifecycle of AI systems. Innodata operates three reportable segments: Digital Data Solutions (DDS), Synodex, and Agility, serving customers globally through a distributed delivery platform of over 12,000 professionals across more than 70 countries.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is INNODATA INC's CIK number?
INNODATA INC's SEC CIK number is 0000903651 (903651). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find INNODATA INC's SEC filings?
All of INNODATA INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did INNODATA INC last report earnings?
INNODATA INC (INOD) most recently filed an earnings 8-K with the SEC on Jun 17, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-075184). This is INNODATA INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is INNODATA INC's most recent earnings 8-K?
INNODATA INC's latest earnings 8-K (Item 2.02) was filed Jun 17, 2026 under accession 0001104659-26-075184. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View INNODATA INC's latest earnings 8-K →
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