Innodata Inc. (INOD) Income Statement
INOD 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsINOD revenue and net income
Where INOD's revenue goes
2025Each bar shows an amount and its share of revenue. INOD kept 12.8% of revenue as net income.
INOD profit margins
INOD growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +47.6% | +47.1% | +34.0% | +15.7% |
| Gross profit | +49.1% | +53.4% | +38.1% | +21.2% |
| Operating income | +66.2% | — | +102.5% | — |
| Net income | +12.3% | — | +120.5% | — |
| EPS (diluted) | +7.1% | — | +114.6% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
INOD quarterly EPS vs estimates
Innodata beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.21).
INOD income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $251.7M | $170.5M | $86.8M | $79.0M | $69.8M | $58.2M | $55.9M | $57.4M | $60.9M | $63.1M |
| Cost of revenue | $151.8M | $103.5M | $54.9M | $51.3M | $43.5M | $38.4M | $37.2M | $38.9M | $45.8M | $47.0M |
| Gross profit | $99.8M | $66.9M | $31.9M | $27.7M | $26.3M | $19.8M | $18.7M | $18.5M | $15.1M | $16.1M |
| Research & development | — | $3.5M | $2.7M | $2.1M | $1.3M | $1.3M | $305,000 | $100,000 | $1.1M | $1.3M |
| Sales, general & admin | $59.6M | $42.7M | $31.1M | $37.9M | $26.6M | $17.4M | $19.0M | $15.8M | $20.2M | $19.5M |
| Total operating expenses | $59.6M | $42.7M | $31.0M | $37.9M | $27.8M | $18.7M | $19.5M | $15.8M | $20.2M | $19.3M |
| Operating income | $40.2M | $24.2M | $939,000 | −$10.3M | −$1.5M | $1.2M | −$803,000 | $2.7M | −$5.1M | −$3.2M |
| Interest income | $1.6M | $149,000 | — | — | $108,000 | — | — | $33,000 | $23,000 | $63,000 |
| Interest expense | — | $153,000 | $179,000 | $11,000 | $100 | $135,000 | $120,000 | $33,000 | $0 | $63,000 |
| Income before taxes | $41.4M | $24.5M | $139,000 | −$10.5M | −$963,000 | $1.0M | −$1.1M | $1.6M | −$5.1M | −$4.8M |
| Income taxes | $9.2M | −$4.2M | $1.0M | $1.5M | $842,000 | $401,000 | $1.1M | $1.8M | $285,000 | $1.1M |
| Net income | $32.2M | $28.7M | −$908,000 | −$11.9M | −$1.7M | $617,000 | −$2.1M | −$253,000 | −$5.1M | −$5.5M |
| EBITDA | $48.3M | $30.3M | $5.0M | −$6.6M | $1.2M | $3.4M | $1.7M | $5.0M | −$1.4M | −$1.5M |
| EPS (diluted) | $0.91 | $0.85 | −$0.05 | −$0.43 | −$0.09 | $0.02 | −$0.07 | −$0.15 | −$0.20 | −$0.29 |
| Gross margin | 39.7% | 39.3% | 36.8% | 35.0% | 37.6% | 34.1% | 33.4% | 32.3% | 24.8% | 25.5% |
| Operating margin | 16.0% | 14.2% | 1.1% | −13.0% | −2.2% | 2.0% | −1.4% | 4.7% | −8.4% | −5.1% |
| Net margin | 12.8% | 16.8% | −1.0% | −15.1% | −2.4% | 1.1% | −3.8% | −0.4% | −8.3% | −8.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $92.1M | $90.1M | $72.4M | $62.5M | $58.4M | $58.3M | $59.2M | $52.2M | $32.6M | $26.5M | $26.1M | $22.2M |
| Cost of revenue | $49.7M | $51.0M | $44.6M | $36.7M | $35.2M | $35.1M | $32.4M | $30.4M | $23.2M | $16.9M | $15.9M | $13.9M |
| Gross profit | $42.5M | $39.1M | $27.8M | $25.9M | $23.2M | $23.3M | $26.8M | $21.8M | $9.4M | $9.6M | $10.2M | $8.2M |
| Research & development | — | — | — | $1.0M | $900,000 | — | — | — | $800,000 | $700,000 | $800,000 | $700,000 |
| Sales, general & admin | $26.6M | $22.9M | $16.8M | $13.7M | $14.1M | $15.0M | $15.5M | $9.9M | $9.0M | $8.3M | $7.6M | $7.4M |
| Total operating expenses | $26.6M | $22.9M | $16.8M | $15.1M | $14.1M | $15.0M | $15.5M | $9.9M | $9.0M | $8.3M | $8.2M | $8.2M |
| Operating income | $15.9M | $16.2M | $11.0M | $10.8M | $9.1M | $8.3M | $11.3M | $11.9M | $331,000 | $1.3M | $2.0M | $823,000 |
| Interest income | $1.7M | $442,000 | — | — | $577,000 | $127,000 | — | — | — | $84,000 | — | — |
| Interest expense | $1.7M | — | — | — | $577,000 | — | — | $26,000 | $55,000 | $84,000 | $57,000 | $66,000 |
| Income before taxes | $17.6M | $17.3M | $11.4M | $12.2M | $9.5M | $8.4M | $11.3M | $11.4M | $276,000 | $1.4M | $1.9M | $757,000 |
| Income taxes | $3.1M | $2.4M | $2.5M | $3.8M | $2.3M | $612,000 | $1.0M | −$5.9M | $285,000 | $424,000 | $248,000 | $374,000 |
| Net income | $14.4M | $14.9M | $8.8M | $8.3M | $7.2M | $7.8M | $10.3M | $17.4M | −$14,000 | $989,000 | $1.7M | $371,000 |
| EBITDA | $22.0M | $19.5M | $13.3M | $13.9M | $11.1M | $10.0M | $12.9M | $13.0M | $1.7M | $2.7M | $3.2M | $2.1M |
| EPS (diluted) | $0.41 | $0.42 | $0.25 | $0.24 | $0.20 | $0.22 | $0.31 | $0.51 | −$0.00 | $0.03 | $0.05 | $0.01 |
| Gross margin | 46.1% | 43.4% | 38.3% | 41.4% | 39.8% | 39.9% | 45.2% | 41.8% | 28.7% | 36.1% | 38.9% | 37.1% |
| Operating margin | 17.2% | 18.0% | 15.2% | 17.2% | 15.6% | 14.2% | 19.0% | 22.8% | 1.0% | 4.7% | 7.5% | 3.7% |
| Net margin | 15.6% | 16.5% | 12.2% | 13.3% | 12.4% | 13.3% | 17.4% | 33.3% | −0.0% | 3.7% | 6.3% | 1.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in INOD's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
INOD financial results
In fiscal year 2025 (ended December 31, 2025), Innodata reported revenue of $251.7 million, up 47.6% from the year before. It had net income of $32.2 million (up 12.3%), a net profit margin of 12.8%. Diluted earnings per share came to $0.91. Over five years revenue grew at an average rate of 34.0% a year.
See the INOD stock overview for the latest quote and news, or the INOD chart for price history and technical indicators.
INOD income statement FAQ
What is Innodata's annual revenue?
Innodata reported total revenue of $251.7 million for fiscal year 2025, which ended on December 31, 2025. That was up 47.6% from $170.5 million the previous year.
Is Innodata profitable?
Yes. Innodata reported net income of $32.2 million in fiscal 2025, a net profit margin of 12.8%; its operating margin was 16.0%.
What is Innodata's gross margin?
Innodata's gross margin was 39.7% in fiscal 2025: for every $100 of revenue, Innodata kept $40 after the direct cost of its products and services.
How fast is Innodata growing?
Revenue grew 34.0% a year on average over the last five fiscal years, from $58.2 million to $251.7 million.
What are Innodata's earnings per share?
Innodata earned $0.91 per diluted share in fiscal 2025, compared with $0.85 a year earlier.
When will Innodata report its next earnings?
Innodata is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Innodata's fiscal year end?
Innodata's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.