Innodata Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	283.42	251.66	170.46	86.78	79	69.76
Revenue Growth (YoY)	40.10%	47.64%	96.44%	9.84%	13.26%	19.77%
Cost of Revenue	167.4	152.18	103.39	55.48	51.53	43.49
Gross Profit	116.02	99.48	67.07	31.29	27.47	26.26
Selling, General & Admin	67.52	59.61	42.74	30.98	37.94	27.91
Total Operating Expenses	67.52	59.61	42.74	30.98	37.94	27.91
Operating Income	48.5	39.87	24.34	0.32	-10.47	-1.65
Total Non-Operating Income (Expense)	-1.01	1.55	0.15	0.18	0.01	0.47
Pretax Income	50.37	41.43	24.49	0.14	-10.48	-0.96
Provision for Income Taxes	11.08	9.24	-4.19	1.03	1.52	0.84
Net Income	39.29	32.18	28.66	-0.91	-11.94	-1.67
Minority Interest in Earnings	-	-	-0.02	-0.02	0.07	-0.13
Net Income to Common	39.29	32.18	28.66	-0.91	-11.94	-1.67
Net Income Growth	10.81%	12.29%	-	-	-	-
Shares Outstanding (Basic)	32	32	29	28	27	27
Shares Outstanding (Diluted)	35	35	32	28	27	27
Shares Change (YoY)	7.72%	8.85%	14.38%	3.13%	2.43%	4.13%
EPS (Basic)	1.23	1.01	0.98	-0.03	-0.44	-0.06
EPS (Diluted)	1.11	0.92	0.89	-0.03	-0.44	-0.06
EPS Growth	6.73%	3.37%	-	-	-	-
Shares Outstanding	32.66	32.34	31.3	28.75	27.41	27.16
Free Cash Flow	62.05	35.65	27.12	0.34	-7.74	0.78
Free Cash Flow Growth	74.06%	31.43%	7900.88%	-	-	-81.56%
Free Cash Flow Per Share	1.75	1.02	0.84	0.01	-0.28	0.03
Gross Margin	40.94%	39.53%	39.35%	36.06%	34.77%	37.65%
Operating Margin	17.11%	15.84%	14.28%	0.37%	-13.26%	-2.37%
Profit Margin	13.86%	12.79%	16.82%	-1.02%	-15.20%	-2.59%
FCF Margin	21.89%	14.16%	15.91%	0.39%	-9.80%	1.12%
EBITDA	56	46.76	30.13	5.03	-6.58	1.22
EBITDA Margin	19.76%	18.58%	17.68%	5.80%	-8.33%	1.75%
EBIT	48.5	39.87	24.34	0.32	-10.47	-1.65
EBIT Margin	17.11%	15.84%	14.28%	0.37%	-13.26%	-2.37%
Effective Tax Rate	21.99%	22.31%	-17.11%	739.57%	-14.52%	-87.44%

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q