15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 70.3% per year over the past 5 years.
Net income has grown faster than revenue (120.5% vs 70.3% per year).
Free cash flow has grown 53.0% per year over the past 5 years.
Financial health
Total debt has grown slower than revenue (-5.3% vs 70.3% per year).
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$252M
$32M
39.5%
15.8%
30.0%
19.1%
$36M
—
$82M
2024
$170M
$29M
39.3%
14.3%
45.2%
25.3%
$27M
—
$47M
2023
$87M
-$908512
36.1%
0.4%
-3.5%
-1.5%
$339000
—
$14M
2022
—
-$12M
—
—
-63.6%
-24.8%
-$8M
$6M
$10M
2021
—
-$2M
—
—
-5.6%
-2.8%
$783000
$7M
$19M
2020
—
$617000
—
—
2.1%
1.1%
$4M
$8M
$18M
2019
—
$617000
—
—
2.4%
1.2%
$3M
$6M
$11M
2018
—
-$253000
—
—
-0.9%
-0.6%
$2M
$6M
$11M
2017
—
-$5M
—
—
-16.5%
-10.6%
-$3M
$8M
$11M
2016
—
-$6M
—
—
-16.4%
-11.6%
-$5M
$5M
$14M
2015
—
-$3M
—
—
-7.4%
-5.5%
—
$5M
$25M
2014
—
-$974000
—
—
-2.5%
-1.8%
—
$7M
$24M
2013
—
-$11M
—
—
-26.6%
-21.3%
—
$4M
$25M
2012
—
$7M
—
—
14.8%
11.3%
$11M
$4M
$25M
2011
—
$4M
—
—
10.9%
7.5%
-$9M
$4M
$11M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$92M
$14M
0.0%
0.0%
9.0%
4.0%
$124M
—
$240M
Mar '26
$90M
$15M
0.0%
0.0%
11.6%
7.1%
$35M
—
$117M
Dec '25
$72M
$9M
38.3%
15.1%
8.2%
5.2%
$10M
—
$82M
Sep '25
$63M
$8M
40.8%
18.8%
8.6%
5.5%
$15M
—
$74M
Jun '25
$58M
$7M
39.4%
15.3%
8.3%
5.4%
$2M
—
$60M
Mar '25
$58M
$8M
39.9%
14.2%
10.3%
6.2%
$8M
—
$57M
Dec '24
$59M
$10M
45.2%
19.0%
16.2%
9.1%
$15M
—
$47M
Sep '24
$52M
$17M
40.8%
21.9%
36.4%
19.7%
$10M
—
$26M
Jun '24
$33M
-$14000
28.7%
1.0%
-0.0%
-0.0%
-$3M
—
$17M
Mar '24
$27M
$989000
36.4%
5.0%
3.6%
1.6%
$5M
—
$19M
Dec '23
$26M
—
0.0%
0.0%
0.0%
0.0%
-$1M
—
$14M
Sep '23
$22M
$371000
0.0%
0.0%
1.6%
0.7%
$298000
—
$15M
Jun '23
—
-$815000
—
—
-3.9%
-1.6%
$1M
—
$14M
Mar '23
—
-$2M
—
—
-11.5%
-4.3%
$82000
—
$10M
Sep '22
—
-$3M
—
—
-18.7%
-7.0%
$597000
$6M
$11M
Jun '22
—
-$4M
—
—
-18.2%
-7.7%
-$4M
$7M
$10M
Mar '22
—
-$3M
—
—
-11.4%
-5.1%
-$3M
$7M
$15M
Sep '21
—
-$800000
—
—
-2.6%
-1.4%
-$1M
$7M
$21M
Jun '21
—
-$103000
—
—
-0.3%
-0.2%
$4M
$7M
$22M
Mar '21
—
$398000
—
—
1.3%
0.7%
$254000
$8M
$17M
Valuation over time
How the market has priced INOD against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 47.4× (Dec '24) to 44.2× (Nov '26).
The price-to-sales ratio has risen from 4.1× (Jan '24) to 5.6× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is INOD growing its revenue and profit?
Over the past 5 years, Innodata Inc's revenue has grown 70.3% per year, and net income grown 120.5% per year. These are computed facts, not advice.
How much debt does INOD have?
As of FY2025, Innodata Inc reported — of total debt against $82M of cash.
What is INOD's profit margin?
In FY2025, gross margin was 39.5%, operating margin 15.8%, and net margin 12.8%.
What is INOD's P/E ratio?
Innodata Inc's P/E (TTM) is 30.57 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the INOD stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 44.2× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.