Innodata Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	238.47	170.46	86.78	79	69.76	58.24
Revenue Growth (YoY)	73.57%	96.44%	9.84%	13.26%	19.77%	4.26%
Cost of Revenue	138.48	101.95	53.6	49.7	41.71	36.51
Gross Profit	99.99	68.51	33.18	29.31	28.05	21.73
Selling, General & Admin	59.79	44.17	32.28	39.78	29.7	20.95
Operating Expenses	59.79	44.17	32.28	39.78	29.7	20.95
Operating Income	40.2	24.34	0.9	-10.47	-1.65	0.78
Interest Expense	-0.29	-0.29	-0.4	-0.01	-	-0.14
Interest & Investment Income	1.51	0.44	0.22	-	0.11	-
EBT Excluding Unusual Items	41.41	24.49	0.72	-10.48	-1.54	0.65
Merger & Restructuring Charges	-	-	-0.58	-	-	-
Other Unusual Items	-	-	-	-	0.58	0.4
Pretax Income	41.41	24.49	0.14	-10.48	-0.96	1.05
Income Tax Expense	7.76	-4.19	1.03	1.52	0.84	0.4
Earnings From Continuing Operations	33.65	28.68	-0.89	-12.01	-1.81	0.64
Minority Interest in Earnings	-0.01	-0.02	-0.02	0.07	0.13	-0.03
Net Income	33.64	28.66	-0.91	-11.94	-1.67	0.62
Net Income to Common	33.64	28.66	-0.91	-11.94	-1.67	0.62
Shares Outstanding (Basic)	31	29	28	27	27	25
Shares Outstanding (Diluted)	33	32	28	27	27	26
Shares Change (YoY)	4.03%	14.38%	3.13%	2.43%	4.13%	-0.78%
EPS (Basic)	1.08	0.98	-0.03	-0.44	-0.06	0.03
EPS (Diluted)	1.01	0.89	-0.03	-0.44	-0.06	0.02
Free Cash Flow	40.7	27.27	0.34	-7.74	0.78	4.25
Free Cash Flow Per Share	1.22	0.85	0.01	-0.28	0.03	0.17
Gross Margin	41.93%	40.19%	38.23%	37.10%	40.21%	37.31%
Operating Margin	16.86%	14.28%	1.03%	-13.26%	-2.37%	1.34%
Profit Margin	14.11%	16.81%	-1.05%	-15.11%	-2.40%	1.06%
Free Cash Flow Margin	17.07%	16.00%	0.39%	-9.80%	1.12%	7.29%
EBITDA	42.79	26.63	2.91	-8.38	-0.19	2.55
EBITDA Margin	17.94%	15.62%	3.36%	-10.61%	-0.27%	4.37%
D&A For EBITDA	2.59	2.3	2.02	2.09	1.47	1.77
EBIT	40.2	24.34	0.9	-10.47	-1.65	0.78
EBIT Margin	16.86%	14.28%	1.03%	-13.26%	-2.37%	1.34%
Effective Tax Rate	18.75%	-	739.57%	-	-	38.37%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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