Innodata Inc. (INOD) financial statements: income statement, balance sheet and cash flow
Innodata Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Innodata Inc. reported revenue of $251.7M (+47.6% year on year) and net income of $32.2M (+12.3% year on year).
Income statement
Innodata Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenues
$251.7M
$170.5M
$86.8M
$79.0M
Direct operating costs
$152.2M
$103.4M
$55.5M
$51.5M
Selling and administrative expenses
$59.6M
$42.7M
$31.0M
$37.9M
Interest income, net
($1.6M)
($149.0K)
$179.0K
$11.0K
Total
$210.2M
$146.0M
$86.6M
$89.5M
Income before provision for income taxes
$41.4M
$24.5M
$139.0K
($10.5M)
Provision for income taxes
$9.2M
($4.2M)
$1.0M
$1.5M
Net Income attributable to Innodata Inc. and Subsidiaries
$32.2M
$28.7M
—
—
Basic (in dollars per share)
$1.01
$0.98
-$0.03
-$0.44
Diluted (in dollars per share)
$0.92
$0.89
-$0.03
-$0.44
Basic (in shares)
31.8M
29.2M
28.1K
27.3M
Diluted (in shares)
35.0M
32.2M
28.1K
27.3M
Consolidated net income
$32.2M
$28.7M
($889.0K)
($12.0M)
Pension liability adjustment, net of taxes
($384.0K)
$179.0K
($326.0K)
$772.0K
Foreign currency translation adjustment
$613.0K
($592.0K)
$407.0K
($676.0K)
Change in fair value of derivatives, net of taxes
$125.0K
($436.0K)
$406.0K
($12.0K)
Other comprehensive income (loss)
$354.0K
($849.0K)
$487.0K
$84.0K
Total comprehensive income
$32.5M
$27.8M
($402.0K)
($11.9M)
Comprehensive income attributable to Innodata Inc. and Subsidiaries
$32.5M
$27.8M
($421.0K)
($11.9M)
Innodata Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenues
$92.1M
$90.1M
$62.5M
$58.4M
Direct operating costs
$49.7M
$50.3M
$37.0M
$35.4M
Selling and administrative expenses
$26.6M
$22.9M
$13.7M
$14.1M
Interest income, net
($1.7M)
($442.0K)
($420.0K)
($577.0K)
Total
$74.6M
$72.8M
$50.4M
$48.9M
Income before provision for income taxes
$17.6M
$17.3M
$12.2M
$9.5M
Provision for income taxes
$3.1M
$2.4M
$3.8M
$2.3M
Net Income attributable to Innodata Inc. and Subsidiaries
$14.4M
$14.9M
$8.3M
$7.2M
Basic (in dollars per share)
$0.43
$0.46
$0.26
$0.23
Diluted (in dollars per share)
$0.41
$0.42
$0.24
$0.20
Basic (in shares)
33.5M
32.6M
31.8M
31.8M
Diluted (in shares)
34.8M
35.6M
35.3M
35.3M
Consolidated net income
$14.4M
$14.9M
$8.3M
$7.2M
Pension liability adjustments, net of taxes
$3.0K
$3.0K
($1.0K)
($35.0K)
Foreign currency translation adjustment
($264.0K)
($188.0K)
($178.0K)
$582.0K
Change in fair value of derivatives, net of taxes
$77.0K
($415.0K)
($315.0K)
$248.0K
Other comprehensive income (loss)
($184.0K)
($600.0K)
($494.0K)
$795.0K
Total comprehensive income
$14.2M
$14.3M
$7.8M
$8.0M
Comprehensive income attributable to Innodata Inc. and Subsidiaries
$14.2M
$14.3M
$7.8M
$8.0M
Balance sheet
Innodata Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$82.2M
$46.9M
$13.8M
$9.8M
Accounts receivable, net of allowance for credit losses
$46.5M
$28.0M
$14.3M
$9.5M
Prepaid expenses and other current assets
$6.7M
$6.1M
$4.0M
$3.9M
Total current assets
$135.4M
$81.0M
$32.1M
$23.7M
Property and equipment, net
$8.0M
$4.1M
$2.3M
$2.5M
Right-of-use-asset, net
$4.1M
$4.2M
$5.1M
$4.3M
Other assets
$1.6M
$1.3M
$2.4M
$1.5M
Deferred income taxes, net
$3.4M
$7.5M
$1.7M
$1.5M
Intangibles, net
$14.0M
$13.4M
$13.8M
$12.5M
Goodwill
$2.1M
$2.0M
$2.1M
$2.0M
Total assets
$168.6M
$113.4M
$59.4M
$48.0M
Accounts payable
$9.6M
$4.6M
$2.7M
$2.6M
Accrued expenses
$9.6M
$4.9M
$6.6M
$7.3M
Accrued salaries, wages and related benefits
$16.5M
$13.8M
$7.8M
$6.1M
Deferred revenues
$7.5M
$8.0M
—
—
Income and other taxes
$4.5M
$5.7M
$3.8M
$3.2M
Long-term obligations - current portion
$1.7M
$1.6M
$1.3M
$877.0K
Operating lease liability - current portion
$1.2M
$877.0K
$782.0K
$693.0K
Total current liabilities
$50.5M
$39.5M
$22.9M
$20.8M
Deferred income taxes, net
$146.0K
$32.0K
$22.0K
$65.0K
Long-term obligations, net of current portion
$7.6M
$6.7M
$6.8M
$5.1M
Operating lease liability, net of current portion
$3.2M
$3.8M
$4.7M
$4.0M
Total liabilities
$61.5M
$50.1M
$34.4M
$30.0M
Common stock, $.01 par value; 75,000 shares authorized; 35,521 shares issued and 32,337 outstanding at December 31, 2025 and 34,484 shares issued and 31,300 outstanding at December 31, 2024
355.0K
345.0K
320.0K
306.0K
Additional paid-in capital
$64.2M
$53.1M
$43.2M
$35.8M
Retained earnings
$51.2M
$19.0M
($9.7M)
($8.8M)
Accumulated other comprehensive loss
($2.1M)
($2.5M)
($1.6M)
($2.1M)
Stockholders' equity before treasury stock, total
$113.6M
$69.9M
$32.2M
$25.2M
Less: treasury stock, 3,184 shares at December 31, 2025 and 2024, at cost
-6.5M
-6.5M
-6.5M
-6.5M
Stockholders' equity Innodata Inc. and subsidiaries
$107.1M
$63.5M
$25.7M
$18.8M
Non-controlling interests
($83.0K)
($83.0K)
($708.0K)
($727.0K)
Total Stockholders' equity
$107.1M
—
—
—
Total liabilities and stockholders' equity
$168.6M
$113.4M
$59.4M
$48.0M
Innodata Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$240.3M
$117.4M
$73.9M
$59.8M
Short term investments
$10.1M
—
—
—
Accounts receivable, net of allowance for credit losses
$47.6M
$45.9M
$39.4M
$34.1M
Prepaid expenses and other current assets
$22.8M
$10.5M
$6.5M
$6.8M
Total current assets
$320.8M
$173.8M
$119.8M
$100.7M
Property and equipment, net
$8.4M
$8.0M
$7.1M
$4.7M
Right-of-use-asset, net
$3.6M
$3.8M
$4.3M
$3.8M
Other assets
$3.2M
$3.4M
$1.5M
$1.3M
Deferred income taxes, net
$4.5M
$5.3M
$4.2M
$6.0M
Intangibles, net
$14.2M
$14.1M
$13.9M
$13.9M
Goodwill
$2.0M
$2.1M
$2.1M
$2.1M
Total assets
$356.7M
$210.4M
$152.9M
$132.6M
Accounts payable
$53.0M
$4.2M
$4.4M
$4.5M
Advances from customers
$67.0M
—
—
—
Accrued expenses and other liabilities
$36.3M
$27.2M
$12.3M
$5.1M
Accrued salaries, wages and related benefits
$15.6M
$21.4M
$15.3M
$12.4M
Deferred revenues
$6.2M
$7.2M
$7.0M
$6.5M
Income and other taxes
$3.9M
$6.3M
$3.2M
$4.2M
Long-term obligations - current portion
$2.3M
$2.3M
$1.2M
$1.5M
Operating lease liability - current portion
$1.3M
$1.2M
$1.1M
$928.0K
Total current liabilities
$185.6M
$69.8M
$44.5M
$35.1M
Deferred income taxes, net
$47.0K
$46.0K
$40.0K
$71.0K
Long-term obligations, net of current portion
$8.9M
$9.5M
$7.6M
$7.5M
Operating lease liability, net of current portion
$2.5M
$2.9M
$3.6M
$3.3M
Total liabilities
$197.1M
$82.2M
$55.7M
$46.0M
Common stock, $.01 par value; 75,000 shares authorized; 37,560 shares issued and 34,376 shares outstanding at June 30, 2026 and 35,521 shares issued and 32,337 shares outstanding at December 31, 2025
376.0K
358.0K
351.0K
350.0K
Additional paid-in capital
$88.1M
$71.0M
$62.9M
$60.1M
Retained earnings
$80.5M
$66.1M
$42.3M
$34.0M
Accumulated other comprehensive loss
($2.9M)
($2.7M)
($1.8M)
($1.3M)
Stockholders' equity before treasury stock, total
$166.1M
$134.7M
$103.8M
$93.2M
Less: treasury stock, 3,184 shares at June 30, 2026 and December 31, 2025, at cost
-6.5M
-6.5M
-6.5M
-6.5M
Stockholders' equity Innodata Inc. and subsidiaries
$159.6M
$128.3M
$97.3M
$86.7M
Non-controlling interests
($83.0K)
($83.0K)
($83.0K)
($83.0K)
Total Stockholders' equity
$159.5M
$128.2M
$97.2M
$86.6M
Total liabilities and stockholders' equity
$356.7M
$210.4M
$152.9M
$132.6M
Cash flow statement
Innodata Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Consolidated net income
$32.2M
$28.7M
($889.0K)
($12.0M)
Depreciation and amortization
$6.9M
$5.8M
$4.7M
$3.9M
Stock-based compensation
$11.1M
$4.0M
$4.0M
$3.3M
Deferred income taxes
$4.1M
($5.6M)
($276.0K)
$217.0K
Provision for credit losses
$108.0K
$804.0K
$426.0K
$480.0K
Pension cost
$1.3M
$1.2M
$1.0M
$943.0K
Accounts receivable
($18.4M)
($14.7M)
($5.1M)
$1.3M
Prepaid expenses and other current assets
($480.0K)
($2.2M)
$372.0K
($226.0K)
Other assets
($375.0K)
$1.2M
($171.0K)
$750.0K
Accounts payable and accrued expenses
$9.5M
$3.4M
($490.0K)
$322.0K
Deferred revenues
($517.0K)
$4.5M
—
—
Accrued salaries, wages and related benefits
$2.6M
$6.1M
$1.7M
($310.0K)
Income and other taxes
($1.3M)
$1.9M
$605.0K
$13.0K
Pension benefit payments
($149.0K)
—
—
—
Net cash provided by operating activities
$46.8M
$35.0M
$5.9M
($1.2M)
Capital expenditures
($11.1M)
($7.7M)
($5.6M)
($6.5M)
Net cash used in investing activities
($11.1M)
($7.7M)
($5.1M)
($7.0M)
Proceeds from exercise of stock options
$3.3M
$6.7M
$3.3M
$332.0K
Withholding taxes on net settlement of restricted stock units
($3.3M)
($97.0K)
—
—
Payment of long-term obligations
($420.0K)
($513.0K)
($452.0K)
($639.0K)
Net cash provided by (used in) financing activities
($426.0K)
$6.1M
$2.9M
($307.0K)
Effect of exchange rate changes on cash and cash equivalents
$111.0K
($255.0K)
$310.0K
($554.0K)
Net increase in cash and cash equivalents
$35.3M
$33.1M
$4.0M
($9.1M)
Cash and cash equivalents, beginning of year
$46.9M
$13.8M
$9.8M
$18.9M
Cash and cash equivalents, end of year
$82.2M
$46.9M
$13.8M
$9.8M
Shares withheld for withholding taxes on net settlement for restricted stock
3.3M
—
—
—
Cash paid for income taxes
$6.0M
$2.4M
$753.0K
$1.1M
Cash paid for interest
$229.0K
$287.0K
$400.0K
$19.0K
Innodata Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Consolidated net income
$29.3M
$14.9M
$23.3M
$15.0M
Stock-based compensation
$13.1M
$5.9M
$8.3M
$5.6M
Depreciation and amortization
$4.5M
$2.2M
$4.9M
$3.2M
Deferred income taxes
($1.2M)
($1.9M)
$3.2M
$1.4M
Pension cost
$818.0K
$414.0K
$984.0K
$672.0K
Accounts receivable
($1.2M)
$360.0K
($11.2M)
($5.7M)
Prepaid expenses and other current assets
($15.4M)
($3.0M)
($299.0K)
($387.0K)
Other assets
$236.0K
$105.0K
($248.0K)
($76.0K)
Accounts payable, accrued expenses and other liabilities
$71.9M
$11.9M
$6.9M
$26.0K
Advances from customers
$65.2M
—
—
—
Deferred revenues
($1.2M)
($339.0K)
($985.0K)
($1.5M)
Accrued salaries, wages and related benefits
($894.0K)
$4.9M
$1.4M
($1.5M)
Income and other taxes
($532.0K)
$1.9M
($2.5M)
($1.5M)
Pension benefit payments
($116.0K)
($58.0K)
—
—
Net cash provided by operating activities
$164.4M
$37.3M
$33.9M
$15.1M
Capital expenditures
($5.3M)
($2.4M)
($8.3M)
($4.1M)
Purchase of short term investments
($10.1M)
—
—
—
Net cash used in investing activities
($15.4M)
($2.4M)
($8.3M)
($4.1M)
Proceeds from exercise of stock options
$10.9M
$957.0K
$1.5M
$1.5M
Withholding taxes on net settlement of restricted stock units
($62.0K)
($50.0K)
($37.0K)
—
Payment of long-term obligations
($877.0K)
($6.0K)
($369.0K)
($229.0K)
Net cash provided by financing activities
$10.0M
$901.0K
$1.1M
$1.2M
Effect of exchange rate changes on cash and cash equivalents
($956.0K)
($603.0K)
$235.0K
$612.0K
Net increase in cash and cash equivalents
$158.1M
$35.1M
$27.0M
$12.9M
Cash and cash equivalents, beginning of period
$82.2M
$82.2M
$46.9M
$46.9M
Cash and cash equivalents, end of period
$240.3M
$117.4M
$73.9M
$59.8M
Vendor financed software licenses acquired
$2.5M
$2.5M
—
—
Shares withheld for withholding taxes on net settlement for restricted stock