Innodata/$INOD

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About Innodata

Innodata Inc is a data engineering company. It is helping companies deploy and integrate AI into their operations and products and providing AI-enabled industry platforms. The Company's operations are classified in three reporting segments: Digital Data Solutions (DDS), Synodex and Agility. Key revenue is generated from DDS segment provides AI data preparation services, collecting or creating training data, annotating training data, and training AI algorithms for its customers, and AI model deployment and integration. It also provides a range of data engineering support services including data transformation, data curation, data hygiene, data consolidation, data extraction, data compliance, and master data management.
Ticker
$INOD
Sector
Business services
Primary listing
NASDAQ
Employees
10,064

Innodata Metrics

BasicAdvanced
$2.3B
49.60
$1.35
2.91
-

What the Analysts think about Innodata

Analyst ratings (Buy, Hold, Sell) for Innodata stock.
Analyst projections of the future price of Innodata stock.

Bulls say / Bears say

Innodata’s second-quarter revenue rose 58% year on year to $92.1 million, while adjusted EBITDA increased 92% and adjusted gross margin reached 49%. Management reiterated at least 40% revenue growth for 2026, with potential programmes not yet included in guidance. (Access Newswire, last10k.com)
Customer concentration is starting to improve without the largest account shrinking in absolute terms: its share of second-quarter revenue fell to 37% from 56% in the first quarter, while a Big Tech customer reached 34% and Innodata added a fast-growing frontier AI lab. (Innodata, Access Newswire)
A richer mix of pre-training work and off-the-shelf datasets is lifting margins, with Innodata retaining intellectual property that can be monetised across customers. New programmes in agentic reinforcement learning, AI evaluation, cybersecurity and robotics could broaden its growth beyond traditional data preparation. (Access Newswire, Innodata)
Dependence on a small number of customers remains severe: the two largest accounts supplied about 71% of second-quarter revenue. Large projects can also create sharp sequential swings because customers may reduce, delay or cancel largely project-based work. (MetaTrader, last10k.com)
The shares still trade at a premium to professional-services peers, so a slowdown or weaker margins could prompt a sharp valuation reset. Recent estimates also point to mixed expectations, with 2027 earnings forecasts having been reduced in one recent review. (TradingView, Seeking Alpha)
The planned chief executive change adds an execution test just as the company is scaling rapidly. Innodata also authorised a $300 million at-the-market share offering, which could dilute existing holders if substantial capital is raised. (The Motley Fool, Simply Wall St)
Data summarised monthly by Lightyear AI. Last updated on 22 Sept 2026.

Innodata Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Innodata Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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