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
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
FCF
Total debt
Cash
2025
$252M
$32M
39.5%
15.8%
$36M
—
$82M
2024
$170M
$29M
39.3%
14.3%
$27M
—
$47M
2023
$87M
-$908512
36.1%
0.4%
$339000
—
$14M
2022
—
-$12M
—
—
-$8M
$6M
$10M
2021
—
-$2M
—
—
$783000
$7M
$19M
2020
—
$617000
—
—
$4M
$8M
$18M
2019
—
$617000
—
—
$3M
$6M
$11M
2018
—
-$253000
—
—
$2M
$6M
$11M
2017
—
-$5M
—
—
-$3M
$8M
$11M
2016
—
-$6M
—
—
-$5M
$5M
$14M
2015
—
-$3M
—
—
—
$5M
$25M
2014
—
-$974000
—
—
—
$7M
$24M
2013
—
-$11M
—
—
—
$4M
$25M
2012
—
$7M
—
—
$11M
$4M
$25M
2011
—
$4M
—
—
-$9M
$4M
$11M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Mar '26
$90M
$15M
0.0%
0.0%
$35M
—
$117M
Dec '25
$72M
$9M
38.3%
15.1%
$10M
—
$82M
Sep '25
$63M
$8M
40.8%
18.8%
$15M
—
$74M
Jun '25
$58M
$7M
39.4%
15.3%
$3M
—
$60M
Mar '25
$58M
$8M
39.9%
14.2%
$8M
—
$57M
Dec '24
$59M
$10M
45.2%
19.0%
$15M
—
$47M
Sep '24
$52M
$17M
40.8%
21.9%
$10M
—
$26M
Jun '24
$33M
-$14000
28.7%
1.0%
-$3M
—
$17M
Mar '24
$27M
$989000
36.4%
5.0%
$5M
—
$19M
Dec '23
$26M
—
0.0%
0.0%
-$1M
—
$14M
Sep '23
$22M
$371000
0.0%
0.0%
$298000
—
$15M
Jun '23
—
-$815000
—
—
$1M
—
$14M
Mar '23
—
-$2M
—
—
$82000
—
$10M
Sep '22
—
-$3M
—
—
$597000
$6M
$11M
Jun '22
—
-$4M
—
—
-$4M
$7M
$10M
Mar '22
—
-$3M
—
—
-$3M
$7M
$15M
Sep '21
—
-$800000
—
—
-$1M
$7M
$21M
Jun '21
—
-$103000
—
—
$4M
$7M
$22M
Mar '21
—
$398000
—
—
$254000
$8M
$17M
Dec '20
—
$1M
—
—
-$292000
$8M
$18M
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 risen from 45.0× (Dec '24) to 74.3× (Jun '26).
The price-to-sales ratio has risen from 3.9× (Jan '24) to 9.5× (Jun '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?
As of Jun '26, Innodata Inc traded at a price-to-earnings ratio of about 74.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.