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INOD Financials Innodata Inc

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
-$12M $120M $252M $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-1% 19% 40% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-64% -9% 45% 0% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$9M $13M $36M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $41M $82M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$11M $18M $47M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
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

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.

Price / earnings (P/E)
0.0 56.1 112.2 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 8.3 16.6 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
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.