Innodata (INOD) Financials

$37.22 -1.27 (-3.30%)

Closing price 05/20/2025 04:00 PM Eastern

Extended Trading

$36.52 -0.70 (-1.89%)

As of 09:00 AM Eastern

Annual Income Statements for Innodata

This table shows Innodata's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	29	-0.91	-12	-1.67	0.62	-2.14	-0.25	-5.06	-5.52	-2.83	-0.97
Consolidated Net Income / (Loss)	29	-0.89	-12	-1.81	0.64	-2.16	-0.25	-5.36	-5.91	-3.38	-1.93
Net Income / (Loss) Continuing Operations	29	-0.89	-12	-1.81	0.64	-2.16	-0.25	-5.36	-5.91	-3.38	-1.93
Total Pre-Tax Income	24	0.14	-10	-0.96	1.05	-1.07	1.56	-5.07	-4.79	-2.18	-1.52
Total Operating Income	24	0.32	-10	-1.65	1.18	-0.95	1.60	-5.10	-4.72	-2.21	-1.62
Total Gross Profit	170	87	79	70	58	56	57	61	63	59	59
Total Revenue	170	87	79	70	58	56	57	61	63	59	59
Operating Revenue	170	87	79	70	58	56	57	61	63	59	59
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	146	86	89	71	57	57	56	66	68	61	61
Selling, General & Admin Expense	43	31	38	28	19	19	16	20	20	17	16
Other Operating Expenses / (Income)	103	55	52	43	38	37	39	46	47	44	44
Total Other Income / (Expense), net	0.15	-0.18	-0.01	0.69	-0.14	-0.12	-0.03	0.02	-0.06	0.03	0.10
Interest & Investment Income	0.15	-0.18	-0.01	0.11	-0.14	-0.12	-0.03	0.02	-0.06	0.03	0.10
Income Tax Expense	-4.19	1.03	1.52	0.84	0.40	1.09	1.81	0.29	1.13	1.20	0.41
Net Income / (Loss) Attributable to Noncontrolling Interest	0.02	0.02	-0.07	-0.13	0.03	-0.02	0.01	-0.30	-0.39	-0.56	-0.95
Basic Earnings per Share	$0.98	($0.03)	($0.44)	($0.06)	$0.03	($0.08)	$0.01	$0.20	($0.22)	($0.11)	($0.04)
Weighted Average Basic Shares Outstanding	29.16M	28.13M	27.28M	26.63M	24.61M	25.77M	25.88M	25.82M	25.54M	25.40M	25.23M
Diluted Earnings per Share	$0.89	($0.03)	($0.44)	($0.06)	$0.02	($0.08)	$0.01	$0.20	($0.22)	($0.11)	($0.04)
Weighted Average Diluted Shares Outstanding	32.18M	28.13M	27.28M	26.63M	25.57M	25.77M	25.88M	25.82M	25.54M	25.40M	25.23M
Weighted Average Basic & Diluted Shares Outstanding	31.30M	28.75M	27.40M	27.16M	25.86M	25.77M	25.88M	25.82M	25.54M	25.40M	25.23M
Cash Dividends to Common per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	-	-	-	-	-

This table shows Innodata's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	7.79	10	17	-0.01	0.99	1.65	0.37	-0.82	-2.12	-1.96	-3.33
Consolidated Net Income / (Loss)	7.79	10	17	-0.01	0.99	1.66	0.38	-0.82	-2.11	-1.96	-3.33
Net Income / (Loss) Continuing Operations	7.79	10	17	-0.01	0.99	1.66	0.38	-0.82	-2.11	-1.96	-3.33
Total Pre-Tax Income	8.40	11	11	0.28	1.41	1.90	0.76	-0.63	-1.90	-1.73	-3.06
Total Operating Income	8.27	11	11	0.33	1.33	1.96	0.82	-0.63	-1.83	-1.72	-3.06
Total Gross Profit	58	59	52	33	27	26	22	20	19	19	18
Total Revenue	58	59	52	33	27	26	22	20	19	19	18
Operating Revenue	58	59	52	33	27	26	22	20	19	19	18
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	50	48	41	32	25	24	21	20	21	21	22
Selling, General & Admin Expense	15	16	9.91	9.02	8.31	8.20	7.40	7.57	7.80	8.36	9.12
Other Operating Expenses / (Income)	35	32	31	23	17	16	14	13	13	13	12
Total Other Income / (Expense), net	0.13	0.09	0.03	-0.06	0.08	-0.06	-0.07	0.01	-0.06	-0.01	0.00
Interest & Investment Income	0.13	0.09	0.03	-0.06	0.08	-0.06	-0.07	0.01	-0.06	-0.01	0.00
Income Tax Expense	0.61	1.05	-5.94	0.29	0.42	0.25	0.37	0.19	0.22	0.23	0.27
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.01	0.00	0.01	0.00	0.00	0.01	0.00	0.00	0.00	0.00
Basic Earnings per Share	$0.25	$0.35	$0.60	$0.00	$0.03	$0.07	$0.01	($0.03)	($0.08)	($0.08)	($0.12)
Weighted Average Basic Shares Outstanding	31.43M	29.16M	28.99M	28.88M	28.75M	28.13M	28.46M	27.86M	27.46M	27.28M	27.33M
Diluted Earnings per Share	$0.22	$0.35	$0.51	$0.00	$0.03	$0.07	$0.01	($0.03)	($0.08)	($0.08)	($0.12)
Weighted Average Diluted Shares Outstanding	34.95M	32.18M	34.01M	28.88M	32.24M	28.13M	32.46M	27.86M	27.46M	27.28M	27.33M
Weighted Average Basic & Diluted Shares Outstanding	31.75M	31.30M	29.00M	28.99M	28.75M	28.75M	28.71M	28.30M	27.55M	27.40M	27.38M

This table details how cash moves in and out of Innodata's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	33	4.01	-9.11	1.33	6.70	0.01	-0.54	-2.77	-11	0.69	-0.54
Net Cash From Operating Activities	35	5.90	-1.22	5.15	5.66	4.28	3.57	0.64	-2.74	2.66	4.61
Net Cash From Continuing Operating Activities	35	5.90	-1.22	5.15	5.66	4.28	3.57	0.64	-2.74	2.66	4.61
Net Income / (Loss) Continuing Operations	29	-0.89	-12	-1.81	0.64	-2.16	-0.25	-5.36	-5.91	-3.38	-1.93
Consolidated Net Income / (Loss)	29	-0.89	-12	-1.81	0.64	-2.16	-0.25	-5.36	-5.91	-3.38	-1.93
Depreciation Expense	5.80	4.72	3.89	2.87	2.27	2.70	3.37	3.67	3.20	2.77	3.05
Non-Cash Adjustments To Reconcile Net Income	6.04	5.50	4.83	1.68	1.75	1.17	1.91	0.80	1.40	1.76	2.21
Changes in Operating Assets and Liabilities, net	-5.50	-3.42	2.07	2.41	1.00	2.57	-1.47	1.52	-1.42	1.51	1.28
Net Cash From Investing Activities	-7.74	-5.07	-7.03	-4.37	-1.38	-1.67	-2.03	-3.41	-6.97	-0.70	-5.41
Net Cash From Continuing Investing Activities	-7.74	-5.07	-7.03	-4.37	-1.38	-1.67	-2.03	-3.41	-6.97	-0.70	-5.41
Purchase of Property, Plant & Equipment	-7.74	-5.56	-6.53	-4.37	-1.41	-1.67	-2.03	-3.41	-2.74	-0.70	-2.03
Sale and/or Maturity of Investments	0.00	0.49	-0.51	-	-	-	-	-	-	-	-
Net Cash From Financing Activities	6.06	2.87	-0.31	0.77	2.31	-2.40	-2.03	-0.28	-0.84	-1.13	0.42
Net Cash From Continuing Financing Activities	6.06	2.87	-0.31	0.77	2.31	-2.40	-2.03	-0.28	-0.84	-1.13	0.42
Repayment of Debt	-0.51	-0.45	-0.64	-0.69	-0.86	-0.57	-2.03	-1.08	-0.70	-0.93	-0.79
Other Financing Activities, net	6.57	3.32	0.33	1.46	2.60	0.01	-	-	-	0.00	0.35
Effect of Exchange Rate Changes	-0.26	0.31	-0.55	-0.23	0.10	-0.21	-0.05	0.29	-0.20	-0.14	-0.16
Cash Interest Paid	0.29	0.40	0.02	0.03	0.14	0.13	-	-	-	-	-
Cash Income Taxes Paid	2.42	0.75	1.11	1.54	0.35	0.96	0.68	1.09	1.31	1.06	0.96

This table details how cash moves in and out of Innodata's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	9.66	21	9.86	-2.47	5.17	-1.01	1.16	3.32	0.54	-0.94	0.25
Net Cash From Operating Activities	11	17	11	-0.45	6.77	0.11	1.61	2.40	1.78	0.44	2.21
Net Cash From Continuing Operating Activities	11	17	11	-0.45	6.77	0.11	1.61	2.40	1.78	0.44	2.21
Net Income / (Loss) Continuing Operations	7.79	10	17	-0.01	0.99	1.66	0.38	-0.82	-2.11	-1.96	-3.33
Consolidated Net Income / (Loss)	7.79	10	17	-0.01	0.99	1.66	0.38	-0.82	-2.11	-1.96	-3.33
Depreciation Expense	1.56	1.58	1.54	1.42	1.27	1.24	1.24	1.15	1.09	1.05	1.01
Non-Cash Adjustments To Reconcile Net Income	3.22	2.21	1.41	1.08	1.34	1.71	1.27	1.40	1.12	1.76	1.08
Changes in Operating Assets and Liabilities, net	-1.71	3.24	-8.96	-2.94	3.17	-4.49	-1.28	0.67	1.69	-0.41	3.45
Net Cash From Investing Activities	-2.35	-2.22	-1.46	-2.73	-1.34	-1.25	-1.31	-0.81	-1.71	-1.78	-1.62
Net Cash From Continuing Investing Activities	-2.35	-2.22	-1.46	-2.73	-1.34	-1.25	-1.31	-0.81	-1.71	-1.78	-1.62
Purchase of Property, Plant & Equipment	-2.35	-2.22	-1.46	-2.73	-1.34	-1.24	-1.31	-1.31	-1.70	-1.27	-1.62
Net Cash From Financing Activities	0.86	5.86	-0.20	0.68	-0.29	0.04	0.84	1.74	0.25	-0.07	0.06
Net Cash From Continuing Financing Activities	0.86	5.86	-0.20	0.68	-0.29	0.04	0.84	1.74	0.25	-0.07	0.06
Repayment of Debt	-0.10	0.00	-0.22	-0.00	-0.29	-0.12	-0.14	-0.12	-0.07	-0.13	-0.03
Other Financing Activities, net	0.96	5.86	0.03	0.69	0.00	0.17	0.98	1.86	0.32	0.06	0.10
Effect of Exchange Rate Changes	0.28	-0.45	0.13	0.03	0.03	0.08	0.02	-0.00	0.21	0.47	-0.41
Cash Interest Paid	0.00	0.10	0.02	0.10	0.07	0.11	0.16	0.04	0.09	0.02	-0.00
Cash Income Taxes Paid	0.11	1.65	0.31	0.30	0.16	0.25	0.12	0.36	0.02	0.13	0.28

This table presents Innodata's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	113	59	48	59	57	49	45	48	48	51	55
Total Current Assets	81	32	24	34	32	24	26	25	27	37	38
Cash & Equivalents	47	14	9.79	19	18	11	11	11	14	25	24
Short-Term Investments	0.01	0.01	0.51	0.00	-	-	-	-	-	-	-
Accounts Receivable	28	14	9.53	11	10	9.72	11	10	9.95	9.25	10
Prepaid Expenses	6.09	3.97	3.86	3.68	4.24	3.41	4.67	3.63	3.12	2.90	3.02
Plant, Property, & Equipment, net	4.10	2.28	2.51	2.95	1.85	6.89	6.81	7.19	5.40	4.72	5.92
Total Noncurrent Assets	28	25	22	22	24	19	12	15	15	9.46	11
Goodwill	2.00	2.08	2.04	2.14	2.15	2.11	2.05	2.83	2.73	1.48	1.64
Intangible Assets	13	14	13	10	10	5.48	6.28	7.61	8.19	3.99	5.26
Noncurrent Deferred & Refundable Income Taxes	7.49	1.74	1.48	1.95	2.19	1.91	1.20	1.76	1.64	1.66	1.40
Other Noncurrent Operating Assets	5.51	7.50	5.81	7.87	9.17	9.12	2.44	3.16	2.38	2.33	2.72
Total Liabilities & Shareholders' Equity	113	59	48	59	57	49	45	48	48	51	55
Total Liabilities	50	34	30	33	31	27	19	21	17	17	19
Total Current Liabilities	40	23	21	21	18	16	14	16	13	12	12
Accounts Payable	4.55	2.66	2.63	1.82	1.44	1.42	1.83	1.87	1.02	1.25	1.27
Accrued Expenses	4.89	3.06	7.25	7.56	3.49	3.34	2.80	3.76	4.33	3.31	3.43
Current Deferred Revenue	8.01	3.52	-	-	-	-	-	-	-	-	-
Current Deferred & Payable Income Tax Liabilities	5.70	3.85	3.23	3.21	5.00	4.18	3.24	1.10	1.33	1.26	1.40
Current Employee Benefit Liabilities	14	7.80	6.14	6.39	5.72	4.27	4.49	5.54	5.04	4.91	4.46
Other Current Liabilities	2.52	2.04	1.57	1.03	0.99	1.11	-	-	-	-	-
Total Noncurrent Liabilities	11	12	9.18	12	13	12	4.63	5.09	4.60	4.23	6.42
Noncurrent Deferred & Payable Income Tax Liabilities	0.03	0.02	0.07	0.02	0.04	0.36	0.57	0.61	0.68	0.79	0.88
Other Noncurrent Operating Liabilities	11	11	9.12	5.28	6.33	6.73	-	-	-	-	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-0.08	-0.71	-0.73	-3.52	-3.39	-3.42	-3.40	-3.94	-3.63	-3.51	-2.95
Total Equity & Noncontrolling Interests	63	26	19	30	30	26	30	31	34	38	39
Total Preferred & Common Equity	63	26	19	30	30	26	30	31	34	38	39
Preferred Stock	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	63	26	19	30	30	26	30	31	34	38	39
Common Stock	53	43	36	35	32	29	28	28	26	25	23
Retained Earnings	19	-9.68	-8.78	3.16	4.83	4.22	6.60	7.35	12	18	21
Treasury Stock	-6.47	-6.47	-6.47	-6.47	-6.47	-6.47	-4.62	-4.62	-4.62	-4.49	-4.29
Accumulated Other Comprehensive Income / (Loss)	-2.47	-1.62	-2.11	-2.19	-0.94	-0.92	-0.02	0.85	-0.32	-0.08	-0.29

This table presents Innodata's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	125	88	66	64	56	52	49	48
Total Current Assets	92	55	38	37	29	26	23	24
Cash & Equivalents	57	26	17	19	15	14	10	11
Accounts Receivable	30	23	18	14	11	8.36	8.46	9.37
Prepaid Expenses	6.22	5.22	3.65	3.82	3.83	3.84	4.19	3.82
Plant, Property, & Equipment, net	4.68	3.33	3.27	2.14	2.37	2.43	2.59	2.72
Total Noncurrent Assets	28	30	24	25	25	23	23	21
Goodwill	2.02	2.08	2.04	2.06	2.03	2.07	2.04	1.98
Intangible Assets	14	14	14	14	13	13	13	12
Noncurrent Deferred & Refundable Income Taxes	7.28	7.89	1.74	1.85	1.55	1.59	1.58	1.53
Other Noncurrent Operating Assets	5.31	6.21	6.68	6.83	7.69	6.17	6.36	5.71
Total Liabilities & Shareholders' Equity	125	88	66	64	56	52	49	48
Total Liabilities	50	41	38	37	34	32	31	31
Total Current Liabilities	39	30	26	25	23	21	21	21
Accounts Payable	4.50	3.49	3.73	2.09	2.42	2.72	2.23	2.95
Accrued Expenses	5.73	4.20	5.35	3.19	8.12	5.22	6.84	6.74
Current Deferred Revenue	8.03	6.50	4.77	6.67	-	-	-	-
Current Deferred & Payable Income Tax Liabilities	4.86	3.96	3.91	4.06	3.43	5.00	3.58	2.99
Current Employee Benefit Liabilities	14	9.62	6.64	7.30	7.15	6.80	6.77	6.91
Other Current Liabilities	2.41	2.02	1.98	1.96	1.79	1.65	1.75	0.74
Total Noncurrent Liabilities	11	11	11	11	11	10	10	9.83
Noncurrent Deferred & Payable Income Tax Liabilities	0.04	0.03	0.09	0.08	0.02	0.02	0.06	0.02
Other Noncurrent Operating Liabilities	11	11	11	11	11	10	10	3.93
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	75	48	29	28	23	21	18	18
Total Preferred & Common Equity	75	48	29	28	23	21	18	18
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	75	48	29	28	23	21	18	18
Common Stock	57	47	46	45	42	40	37	35
Retained Earnings	27	8.68	-8.71	-8.69	-11	-12	-11	-6.82
Treasury Stock	-6.47	-6.47	-6.47	-6.47	-6.47	-6.47	-6.47	-6.47
Accumulated Other Comprehensive Income / (Loss)	-2.09	-1.57	-2.04	-1.79	-1.62	-1.46	-1.63	-4.09
Noncontrolling Interest	-0.08	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Innodata's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	96.44%	9.84%	13.26%	19.77%	4.26%	-2.72%	-5.76%	-3.40%	7.78%	-0.94%	-8.05%
EBITDA Growth	498.57%	176.47%	-466.13%	-47.82%	97.03%	-64.80%	449.19%	6.81%	-372.19%	-60.80%	138.35%
EBIT Growth	7,552.83%	103.04%	-877.78%	-190.76%	224.47%	-159.44%	131.29%	-7.94%	-113.47%	-36.97%	78.13%
NOPAT Growth	1,501.32%	72.25%	-534.28%	-258.93%	209.58%	-164.17%	92.96%	-7.94%	-113.47%	-36.97%	79.02%
Net Income Growth	3,325.53%	92.59%	-565.10%	-380.28%	129.83%	-777.64%	95.41%	9.34%	-74.67%	-75.70%	84.99%
EPS Growth	3,066.67%	93.18%	-633.33%	-400.00%	125.00%	-900.00%	-95.00%	190.91%	-100.00%	-175.00%	90.70%
Operating Cash Flow Growth	493.17%	585.44%	-123.61%	-8.99%	32.24%	19.99%	458.22%	123.36%	-202.86%	-42.36%	642.83%
Free Cash Flow Firm Growth	524.46%	-6,866.62%	-115.19%	-59.38%	-60.95%	48.05%	135.83%	35.44%	-434.63%	160.90%	-232.17%
Invested Capital Growth	47.58%	44.25%	-48.35%	-10.03%	-3.16%	-18.54%	-10.39%	12.22%	41.85%	-22.85%	22.55%
Revenue Q/Q Growth	24.07%	8.42%	0.11%	6.08%	1.07%	-0.53%	-1.17%	-0.03%	0.24%	-0.63%	0.77%
EBITDA Q/Q Growth	46.99%	330.26%	-5.50%	-43.69%	33.36%	-7.41%	119.38%	-569.64%	-33.01%	16.63%	-18.83%
EBIT Q/Q Growth	61.78%	109.46%	-5.87%	-280.61%	332.23%	8.23%	233.36%	-47.18%	-17.81%	12.50%	-45.50%
NOPAT Q/Q Growth	42.28%	13.58%	-5.87%	-383.52%	120.01%	8.23%	70.00%	-47.18%	-17.81%	12.50%	-45.50%
Net Income Q/Q Growth	43.17%	80.26%	-6.39%	-391.13%	162.83%	-14.90%	88.75%	-25.27%	-5.74%	-9.59%	-102.31%
EPS Q/Q Growth	45.90%	83.33%	-10.00%	0.00%	118.18%	-300.00%	-96.88%	225.00%	-4.76%	-22.22%	0.00%
Operating Cash Flow Q/Q Growth	96.74%	-5.29%	43.47%	-8.82%	12.23%	-3.84%	2.47%	242.63%	-274.66%	147.81%	-6.71%
Free Cash Flow Firm Q/Q Growth	244.86%	-275.25%	98.80%	-67.54%	189.26%	30.85%	-15.62%	1.27%	-36.09%	177.02%	26.55%
Invested Capital Q/Q Growth	-20.06%	52.60%	-39.44%	14.00%	16.26%	4.02%	6.95%	1.64%	8.26%	-2.74%	6.52%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	17.68%	5.80%	-8.33%	2.58%	5.92%	3.13%	8.65%	-2.34%	-2.42%	0.96%	2.42%
Operating Margin	14.28%	0.37%	-13.26%	-2.37%	2.03%	-1.70%	2.78%	-8.37%	-7.49%	-3.78%	-2.73%
EBIT Margin	14.28%	0.37%	-13.26%	-1.54%	2.03%	-1.70%	2.78%	-8.37%	-7.49%	-3.78%	-2.73%
Profit (Net Income) Margin	16.82%	-1.02%	-15.20%	-2.59%	1.11%	-3.87%	-0.43%	-8.80%	-9.37%	-5.78%	-3.26%
Tax Burden Percent	117.11%	-639.57%	114.52%	187.44%	61.63%	202.15%	-15.75%	105.62%	123.53%	155.16%	126.71%
Interest Burden Percent	100.61%	43.71%	100.11%	89.92%	88.56%	112.66%	97.93%	99.55%	101.33%	98.60%	94.12%
Effective Tax Rate	-17.11%	739.57%	0.00%	0.00%	38.37%	0.00%	115.75%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	206.03%	-21.50%	-64.45%	-7.30%	4.29%	-3.46%	-1.12%	-16.00%	-18.45%	-9.10%	-6.48%
ROIC Less NNEP Spread (ROIC-NNEP)	205.45%	-30.99%	-21.38%	-1.11%	5.44%	25.92%	-1.24%	12.14%	-0.50%	0.83%	-2.27%
Return on Net Nonoperating Assets (RNNOA)	-141.14%	17.37%	10.44%	0.44%	-1.63%	-5.44%	0.21%	-2.70%	0.22%	-0.43%	1.18%
Return on Equity (ROE)	64.89%	-4.13%	-54.01%	-6.86%	2.66%	-8.90%	-0.92%	-18.69%	-18.23%	-9.54%	-5.31%
Cash Return on Invested Capital (CROIC)	167.59%	-57.73%	-0.69%	3.26%	7.50%	16.98%	9.83%	-27.52%	-53.06%	16.70%	-26.75%
Operating Return on Assets (OROA)	28.15%	0.59%	-19.53%	-1.84%	2.21%	-2.01%	3.44%	-10.68%	-9.56%	-4.17%	-3.08%
Return on Assets (ROA)	33.17%	-1.65%	-22.39%	-3.10%	1.21%	-4.57%	-0.53%	-11.23%	-11.96%	-6.38%	-3.67%
Return on Common Equity (ROCE)	65.47%	-4.27%	-59.18%	-7.76%	3.04%	-10.15%	-1.04%	-21.16%	-20.24%	-10.40%	-5.79%
Return on Equity Simple (ROE_SIMPLE)	45.18%	-3.46%	-63.95%	-6.03%	2.17%	-8.46%	-0.83%	-17.22%	-17.50%	-8.86%	-4.91%
Net Operating Profit after Tax (NOPAT)	29	-2.03	-7.33	-1.16	0.73	-0.66	-0.25	-3.57	-3.31	-1.55	-1.13
NOPAT Margin	16.72%	-2.34%	-9.28%	-1.66%	1.25%	-1.19%	-0.44%	-5.86%	-5.24%	-2.65%	-1.91%
Net Nonoperating Expense Percent (NNEP)	0.57%	9.49%	-43.07%	-6.19%	-1.15%	-29.38%	0.12%	-28.14%	-17.95%	-9.93%	-4.22%
Return On Investment Capital (ROIC_SIMPLE)	44.90%	-7.91%	-	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	25.07%	35.70%	48.02%	40.01%	32.04%	34.88%	27.60%	33.15%	30.98%	28.70%	27.78%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	85.72%	99.63%	113.26%	102.37%	97.97%	101.70%	97.22%	108.37%	107.49%	103.78%	102.73%
Earnings before Interest and Taxes (EBIT)	24	0.32	-10	-1.07	1.18	-0.95	1.60	-5.10	-4.72	-2.21	-1.62
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	30	5.03	-6.58	1.80	3.45	1.75	4.97	-1.42	-1.53	0.56	1.43
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	18.06	9.09	4.32	5.37	4.42	1.14	1.30	1.13	1.86	1.90	1.89
Price to Tangible Book Value (P/TBV)	23.82	23.68	19.29	9.22	7.51	1.62	1.81	1.70	2.75	2.22	2.29
Price to Revenue (P/Rev)	6.72	2.69	1.03	2.30	2.25	0.52	0.68	0.58	1.00	1.24	1.25
Price to Earnings (P/E)	39.99	0.00	0.00	0.00	212.54	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.50%	0.00%	0.00%	0.00%	0.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	66.65	19.61	9.06	9.72	7.09	1.21	1.43	1.17	2.38	3.32	2.81
Enterprise Value to Revenue (EV/Rev)	6.45	2.53	0.89	2.09	2.03	0.37	0.52	0.45	0.79	0.84	0.91
Enterprise Value to EBITDA (EV/EBITDA)	36.48	43.54	0.00	81.10	34.29	11.88	6.07	0.00	0.00	87.76	37.71
Enterprise Value to EBIT (EV/EBIT)	45.16	689.21	0.00	0.00	100.14	0.00	18.90	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	38.56	0.00	0.00	0.00	162.50	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	31.39	37.13	0.00	28.31	20.88	4.86	8.45	43.28	0.00	18.52	11.70
Enterprise Value to Free Cash Flow (EV/FCFF)	47.41	0.00	0.00	282.43	92.96	6.38	13.71	0.00	0.00	17.33	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.28	0.30	0.27	0.21	0.29	0.17	0.14	0.20
Long-Term Debt to Equity	0.00	0.00	0.00	0.24	0.24	0.21	0.15	0.16	0.13	0.10	0.15
Financial Leverage	-0.69	-0.56	-0.49	-0.40	-0.30	-0.21	-0.17	-0.22	-0.45	-0.52	-0.52
Leverage Ratio	1.96	2.50	2.41	2.21	2.21	1.95	1.73	1.67	1.52	1.49	1.44
Compound Leverage Factor	1.97	1.09	2.42	1.99	1.95	2.19	1.70	1.66	1.54	1.47	1.36
Debt to Total Capital	0.00%	0.00%	0.00%	22.11%	23.34%	21.27%	17.47%	22.32%	14.31%	12.63%	16.46%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	3.77%	5.00%	5.13%	4.78%	9.53%	3.18%	3.98%	3.70%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	18.34%	18.34%	16.14%	12.69%	12.79%	11.13%	8.65%	12.76%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.13%	-2.83%	-4.03%	-10.39%	-9.90%	-12.16%	-10.62%	-11.25%	-10.33%	-8.83%	-6.79%
Common Equity to Total Capital	100.13%	102.83%	104.03%	88.28%	86.56%	90.90%	93.15%	88.93%	96.01%	96.20%	90.33%
Debt to EBITDA	0.00	0.00	0.00	4.17	2.32	3.42	1.13	-5.49	-3.30	8.94	4.99
Net Debt to EBITDA	0.00	0.00	0.00	-6.34	-2.78	-2.80	-1.06	2.53	5.98	-35.45	-11.93
Long-Term Debt to EBITDA	0.00	0.00	0.00	3.46	1.82	2.59	0.82	-3.15	-2.57	6.12	3.87
Debt to NOPAT	0.00	0.00	0.00	-6.49	10.99	-9.00	-22.26	-2.19	-1.52	-3.24	-6.32
Net Debt to NOPAT	0.00	0.00	0.00	9.87	-13.17	7.38	21.01	1.01	2.76	12.85	15.10
Long-Term Debt to NOPAT	0.00	0.00	0.00	-5.38	8.64	-6.83	-16.17	-1.25	-1.19	-2.22	-4.90
Altman Z-Score	16.62	5.51	2.36	4.39	4.02	2.02	3.18	2.40	3.89	4.71	4.46
Noncontrolling Interest Sharing Ratio	-0.90%	-3.33%	-9.56%	-13.13%	-14.07%	-14.05%	-13.69%	-13.21%	-11.01%	-9.10%	-9.09%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.05	1.40	1.14	1.59	1.74	1.52	1.88	1.62	2.12	3.01	3.12
Quick Ratio	1.90	1.23	0.95	1.42	1.51	1.31	1.55	1.39	1.88	2.78	2.85
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	23	-5.46	-0.08	0.52	1.27	3.26	2.20	-6.14	-9.51	2.84	-4.66
Operating Cash Flow to CapEx	452.33%	106.09%	-18.63%	117.93%	411.64%	256.75%	175.46%	18.74%	-99.82%	381.49%	226.91%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.97	1.61	1.47	1.20	1.09	1.18	1.24	1.28	1.28	1.10	1.13
Accounts Receivable Turnover	8.06	7.29	7.56	6.51	5.89	5.49	5.49	6.02	6.57	5.94	5.29
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	53.42	36.22	28.95	29.07	13.33	8.15	8.20	9.68	12.47	11.00	9.85
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	45.29	50.09	48.30	56.06	61.95	66.48	66.48	60.63	55.56	61.41	68.95
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	45.29	50.09	48.30	56.06	61.95	66.48	66.48	60.63	55.56	61.41	68.95
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	16	11	7.75	15	17	17	21	24	21	15	19
Invested Capital Turnover	12.32	9.17	6.95	4.41	3.44	2.91	2.57	2.73	3.52	3.44	3.39
Increase / (Decrease) in Invested Capital	5.32	3.43	-7.25	-1.67	-0.54	-3.92	-2.45	2.57	6.20	-4.39	3.53
Enterprise Value (EV)	1,099	219	70	146	118	21	30	28	50	49	54
Market Capitalization	1,146	234	81	161	131	29	39	35	63	73	74
Book Value per Share	$2.19	$0.90	$0.69	$1.10	$1.20	$1.00	$1.15	$1.20	$1.32	$1.50	$1.55
Tangible Book Value per Share	$1.66	$0.34	$0.15	$0.64	$0.71	$0.70	$0.83	$0.80	$0.89	$1.29	$1.28
Total Capital	63	25	18	34	34	28	32	35	35	40	43
Total Debt	0.00	0.00	0.00	7.50	7.99	5.97	5.59	7.81	5.04	5.02	7.15
Total Long-Term Debt	0.00	0.00	0.00	6.22	6.28	4.53	4.06	4.48	3.92	3.44	5.54
Net Debt	-47	-14	-10	-11	-9.58	-4.90	-5.28	-3.60	-9.14	-20	-17
Capital Expenditures (CapEx)	7.74	5.56	6.53	4.37	1.38	1.67	2.03	3.41	2.74	0.70	2.03
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-5.40	-4.68	-7.43	-4.97	-2.35	-1.18	2.93	1.66	1.36	1.43	3.16
Debt-free Net Working Capital (DFNWC)	41	9.14	2.87	14	15	9.69	14	13	16	26	27
Net Working Capital (NWC)	41	9.14	2.87	13	14	8.25	12	9.73	14	25	26
Net Nonoperating Expense (NNE)	-0.17	-1.14	4.67	0.65	0.08	1.50	-0.01	1.79	2.61	1.84	0.80
Net Nonoperating Obligations (NNO)	-47	-14	-10	-11	-9.58	-4.90	-5.28	-3.60	-9.14	-20	-17
Total Depreciation and Amortization (D&A)	5.80	4.72	3.89	2.87	2.27	2.70	3.37	3.67	3.20	2.77	3.05
Debt-free, Cash-free Net Working Capital to Revenue	-3.17%	-5.39%	-9.40%	-7.12%	-4.03%	-2.12%	5.10%	2.72%	2.15%	2.44%	5.34%
Debt-free Net Working Capital to Revenue	24.34%	10.54%	3.63%	19.98%	26.15%	17.35%	24.03%	21.44%	24.62%	45.00%	46.34%
Net Working Capital to Revenue	24.34%	10.54%	3.63%	18.15%	23.21%	14.77%	21.36%	15.97%	22.84%	42.30%	43.62%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.98	($0.03)	($0.44)	($0.06)	$0.03	$0.06	$0.00	($0.20)	($0.22)	($0.11)	($0.04)
Adjusted Weighted Average Basic Shares Outstanding	29.16M	28.13K	27.28M	26.63M	24.61M	24.46M	25.95M	25.88M	25.62M	25.45M	25.23M
Adjusted Diluted Earnings per Share	$0.89	($0.03)	($0.44)	($0.06)	$0.02	$0.06	$0.00	($0.20)	($0.22)	($0.11)	($0.04)
Adjusted Weighted Average Diluted Shares Outstanding	32.18M	28.13K	27.28M	26.63M	25.57M	24.46M	25.95M	25.88M	25.62M	25.45M	25.23M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.06	$0.00	($0.20)	($0.22)	($0.11)	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	31.30M	28.75M	27.40M	27.16M	25.86M	25.77M	25.88M	25.82M	25.54M	25.40M	25.34M
Normalized Net Operating Profit after Tax (NOPAT)	17	0.22	-7.33	-1.16	0.73	-0.66	1.59	-3.57	-2.58	-1.55	-0.87
Normalized NOPAT Margin	9.99%	0.26%	-9.28%	-1.66%	1.25%	-1.19%	2.77%	-5.86%	-4.09%	-2.65%	-1.47%
Pre Tax Income Margin	14.36%	0.16%	-13.27%	-1.38%	1.79%	-1.91%	2.72%	-8.33%	-7.59%	-3.73%	-2.57%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.81%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-85.36%	-0.81%	0.00%	-2.27%	-5.91%	0.00%

This table displays calculated financial ratios and metrics derived from Innodata's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	120.13%	126.64%	135.57%	65.62%	40.69%	34.77%	20.18%	-1.66%	-11.10%	0.45%	5.71%
EBITDA Growth	278.85%	301.22%	528.93%	238.30%	450.34%	580.18%	200.64%	122.18%	51.85%	-106.19%	-1,311.24%
EBIT Growth	521.95%	473.89%	1,287.73%	152.21%	172.60%	214.08%	126.90%	80.68%	24.05%	-51.05%	-493.98%
NOPAT Growth	723.60%	499.07%	4,067.10%	97.57%	172.61%	241.74%	119.45%	80.68%	24.05%	-51.05%	-493.98%
Net Income Growth	686.57%	522.16%	4,440.73%	98.90%	146.85%	184.58%	111.52%	78.73%	26.89%	-58.29%	-292.68%
EPS Growth	633.33%	400.00%	5,000.00%	100.00%	137.50%	187.50%	108.33%	78.57%	20.00%	-100.00%	-300.00%
Operating Cash Flow Growth	60.59%	15,102.63%	608.03%	-118.92%	279.32%	-74.32%	-27.40%	200.97%	219.25%	190.43%	3,850.00%
Free Cash Flow Firm Growth	-3,948.00%	384.52%	-31.31%	-156.08%	-101.04%	-128.48%	431.20%	267.64%	2,064.85%	590.96%	-316.09%
Invested Capital Growth	139.62%	47.58%	181.73%	87.64%	14.78%	44.25%	-42.76%	-62.08%	-57.13%	-48.35%	-2.77%
Revenue Q/Q Growth	-1.41%	13.32%	60.43%	22.82%	1.50%	17.79%	12.79%	4.33%	-2.77%	5.03%	-7.71%
EBITDA Q/Q Growth	-23.35%	-0.96%	640.77%	-32.63%	-18.82%	55.24%	298.45%	169.77%	-11.26%	67.46%	12.18%
EBIT Q/Q Growth	-26.50%	-1.46%	3,350.45%	-75.11%	-32.18%	138.27%	229.81%	65.39%	-6.57%	43.81%	6.79%
NOPAT Q/Q Growth	-24.94%	-41.11%	160,858.78%	-101.16%	-45.40%	309.61%	193.82%	65.39%	-6.57%	43.81%	6.79%
Net Income Q/Q Growth	-24.42%	-40.76%	193,333.33%	-100.91%	-40.22%	332.38%	146.99%	61.43%	-7.92%	41.13%	13.18%
EPS Q/Q Growth	-37.14%	-31.37%	0.00%	-100.00%	-57.14%	600.00%	133.33%	62.50%	0.00%	33.33%	14.29%
Operating Cash Flow Q/Q Growth	-37.30%	52.41%	2,604.63%	-106.71%	5,835.96%	-92.90%	-33.06%	34.47%	301.80%	-79.93%	193.10%
Free Cash Flow Firm Q/Q Growth	-167.58%	21.20%	173.55%	-6,620.04%	95.25%	-129.26%	-39.96%	24.93%	29.74%	440.33%	69.61%
Invested Capital Q/Q Growth	14.27%	-20.06%	75.61%	49.37%	-29.62%	52.60%	16.96%	-8.63%	-11.55%	-39.44%	-22.51%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	16.86%	21.68%	24.81%	5.37%	9.79%	12.25%	9.29%	2.63%	-3.93%	-3.44%	-11.10%
Operating Margin	14.18%	19.02%	21.87%	1.02%	5.02%	7.51%	3.71%	-3.23%	-9.72%	-8.87%	-16.58%
EBIT Margin	14.18%	19.02%	21.87%	1.02%	5.02%	7.51%	3.71%	-3.23%	-9.72%	-8.87%	-16.58%
Profit (Net Income) Margin	13.35%	17.41%	33.30%	-0.03%	3.74%	6.34%	1.73%	-4.15%	-11.22%	-10.11%	-18.03%
Tax Burden Percent	92.71%	90.79%	151.93%	-3.26%	70.01%	86.97%	50.59%	129.98%	111.50%	113.24%	108.76%
Interest Burden Percent	101.54%	100.84%	100.23%	83.38%	106.32%	97.09%	91.98%	98.90%	103.44%	100.58%	99.97%
Effective Tax Rate	7.29%	9.21%	-51.93%	103.26%	29.99%	13.03%	49.41%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	199.11%	212.75%	326.60%	-0.40%	45.09%	59.91%	14.95%	-15.14%	-45.70%	-43.14%	-70.60%
ROIC Less NNEP Spread (ROIC-NNEP)	198.80%	212.47%	326.41%	-0.41%	44.70%	60.32%	15.30%	-10.88%	-36.91%	-36.19%	-57.70%
Return on Net Nonoperating Assets (RNNOA)	-146.87%	-145.96%	-194.47%	0.26%	-29.93%	-33.80%	-7.45%	4.72%	16.72%	17.67%	23.92%
Return on Equity (ROE)	52.24%	66.79%	132.13%	-0.14%	15.16%	26.11%	7.50%	-10.41%	-28.98%	-25.47%	-46.68%
Cash Return on Invested Capital (CROIC)	181.76%	167.59%	48.10%	-26.67%	16.60%	-57.73%	30.99%	45.47%	19.32%	-0.69%	-50.56%
Operating Return on Assets (OROA)	30.39%	37.50%	41.56%	1.86%	8.41%	12.13%	5.70%	-4.85%	-14.32%	-13.07%	-24.54%
Return on Assets (ROA)	28.61%	34.33%	63.28%	-0.05%	6.26%	10.24%	2.65%	-6.23%	-16.52%	-14.89%	-26.68%
Return on Common Equity (ROCE)	52.65%	67.39%	134.83%	-0.14%	15.65%	26.98%	7.78%	-10.79%	-29.99%	-27.91%	-51.09%
Return on Equity Simple (ROE_SIMPLE)	46.99%	0.00%	41.98%	10.42%	8.03%	0.00%	-19.70%	-39.77%	-60.96%	0.00%	-63.46%
Net Operating Profit after Tax (NOPAT)	7.67	10	17	-0.01	0.93	1.71	0.42	-0.44	-1.28	-1.20	-2.14
NOPAT Margin	13.14%	17.27%	33.23%	-0.03%	3.51%	6.53%	1.88%	-2.26%	-6.81%	-6.21%	-11.61%
Net Nonoperating Expense Percent (NNEP)	0.31%	0.28%	0.19%	0.01%	0.39%	-0.41%	-0.35%	-4.25%	-8.79%	-6.95%	-12.90%
Return On Investment Capital (ROIC_SIMPLE)	10.17%	16.10%	-	-	-	6.64%	-	-	-	-	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	25.68%	26.20%	18.98%	27.71%	31.33%	31.41%	33.38%	38.53%	41.39%	43.13%	49.42%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	85.82%	80.98%	78.13%	98.98%	94.98%	92.49%	96.29%	103.23%	109.72%	108.87%	116.58%
Earnings before Interest and Taxes (EBIT)	8.27	11	11	0.33	1.33	1.96	0.82	-0.63	-1.83	-1.72	-3.06
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	9.84	13	13	1.75	2.60	3.20	2.06	0.52	-0.74	-0.67	-2.05
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	14.89	18.06	10.19	14.72	6.89	9.09	10.56	15.12	12.71	4.32	4.64
Price to Tangible Book Value (P/TBV)	18.76	23.82	15.31	32.75	16.25	23.68	32.71	61.29	70.71	19.29	21.38
Price to Revenue (P/Rev)	5.55	6.72	3.54	3.97	2.01	2.69	3.02	4.09	3.05	1.03	1.04
Price to Earnings (P/E)	31.69	39.99	24.29	142.23	86.38	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.16%	2.50%	4.12%	0.70%	1.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	56.62	66.65	22.25	34.83	21.62	19.61	30.84	47.56	32.47	9.06	6.06
Enterprise Value to Revenue (EV/Rev)	5.27	6.45	3.34	3.81	1.80	2.53	2.82	3.90	2.90	0.89	0.98
Enterprise Value to EBITDA (EV/EBITDA)	28.55	36.48	22.39	42.61	20.32	43.54	193.04	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	34.11	45.16	30.52	92.05	48.87	689.21	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	30.27	38.56	22.92	132.62	76.11	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	27.28	31.39	25.79	50.94	15.62	37.13	36.23	43.54	107.79	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	43.96	47.41	68.29	0.00	139.23	0.00	72.47	57.51	100.87	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.38
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.34
Financial Leverage	-0.74	-0.69	-0.60	-0.63	-0.67	-0.56	-0.49	-0.43	-0.45	-0.49	-0.41
Leverage Ratio	1.85	1.96	2.09	2.44	2.53	2.50	2.66	2.52	2.49	2.41	2.41
Compound Leverage Factor	1.87	1.97	2.10	2.03	2.69	2.42	2.45	2.50	2.58	2.43	2.41
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	27.51%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.53%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	24.97%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.11%	-0.13%	-1.49%	-2.48%	-2.63%	-2.83%	-3.21%	-3.63%	-4.09%	-4.03%	-3.10%
Common Equity to Total Capital	100.11%	100.13%	101.49%	102.48%	102.63%	102.83%	103.21%	103.63%	104.09%	104.03%	75.59%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1.04
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.68
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.94
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.93
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.62
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.85
Altman Z-Score	16.18	16.24	9.55	8.46	4.68	5.60	5.55	7.14	5.65	2.97	2.92
Noncontrolling Interest Sharing Ratio	-0.77%	-0.90%	-2.04%	-2.96%	-3.21%	-3.33%	-3.68%	-3.62%	-3.49%	-9.56%	-9.44%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.36	2.05	1.84	1.45	1.46	1.40	1.28	1.21	1.11	1.14	1.14
Quick Ratio	2.20	1.90	1.66	1.32	1.31	1.23	1.11	1.03	0.91	0.95	0.96
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-3.31	4.90	4.04	-5.50	-0.08	-1.72	5.89	9.80	7.85	6.05	-1.78
Operating Cash Flow to CapEx	462.43%	781.03%	781.51%	-16.64%	505.38%	9.16%	122.78%	183.13%	104.82%	34.88%	136.97%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.14	1.97	1.90	1.83	1.68	1.61	1.54	1.50	1.47	1.47	1.48
Accounts Receivable Turnover	9.27	8.06	8.11	8.09	8.39	7.29	7.98	7.90	7.92	7.56	8.58
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	59.36	53.42	48.23	37.66	39.96	36.22	31.44	28.64	28.02	28.95	30.75
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	39.37	45.29	44.98	45.09	43.53	50.09	45.72	46.19	46.11	48.30	42.53
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	39.37	45.29	44.98	45.09	43.53	50.09	45.72	46.19	46.11	48.30	42.53
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	19	16	21	12	7.87	11	7.32	6.26	6.85	7.75	13
Invested Capital Turnover	15.15	12.32	9.83	11.92	12.83	9.17	7.96	6.70	6.71	6.95	6.08
Increase / (Decrease) in Invested Capital	11	5.32	13	5.49	1.01	3.43	-5.47	-10	-9.13	-7.25	-0.36
Enterprise Value (EV)	1,067	1,099	459	409	170	219	226	298	222	70	77
Market Capitalization	1,124	1,146	486	426	190	234	241	312	234	81	82
Book Value per Share	$2.41	$2.19	$1.65	$1.01	$0.96	$0.90	$0.81	$0.75	$0.67	$0.69	$0.65
Tangible Book Value per Share	$1.91	$1.66	$1.10	$0.45	$0.41	$0.34	$0.26	$0.18	$0.12	$0.15	$0.14
Total Capital	75	63	47	28	27	25	22	20	18	18	24
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.47
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.87
Net Debt	-57	-47	-26	-17	-19	-14	-15	-14	-11	-10	-4.26
Capital Expenditures (CapEx)	2.35	2.22	1.46	2.73	1.34	1.24	1.31	1.31	1.70	1.27	1.62
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-3.34	-5.40	-1.39	-4.56	-7.38	-4.68	-8.42	-9.19	-8.52	-7.43	-7.14
Debt-free Net Working Capital (DFNWC)	53	41	25	12	12	9.14	6.41	4.48	2.32	2.87	3.59
Net Working Capital (NWC)	53	41	25	12	12	9.14	6.41	4.48	2.32	2.87	2.99
Net Nonoperating Expense (NNE)	-0.12	-0.09	-0.04	-0.00	-0.06	0.05	0.03	0.37	0.83	0.75	1.18
Net Nonoperating Obligations (NNO)	-57	-47	-26	-17	-19	-14	-15	-14	-11	-10	-4.26
Total Depreciation and Amortization (D&A)	1.56	1.58	1.54	1.42	1.27	1.24	1.24	1.15	1.09	1.05	1.01
Debt-free, Cash-free Net Working Capital to Revenue	-1.65%	-3.17%	-1.01%	-4.25%	-7.82%	-5.39%	-10.52%	-12.04%	-11.11%	-9.40%	-9.05%
Debt-free Net Working Capital to Revenue	26.30%	24.34%	18.19%	11.15%	12.29%	10.54%	8.00%	5.87%	3.03%	3.63%	4.55%
Net Working Capital to Revenue	26.30%	24.34%	18.19%	11.15%	12.29%	10.54%	8.00%	5.87%	3.03%	3.63%	3.79%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.25	$0.35	$0.60	$0.00	$0.03	$0.07	$0.01	($0.03)	($0.08)	($0.08)	($0.12)
Adjusted Weighted Average Basic Shares Outstanding	31.43M	29.16M	28.99M	28.88M	28.75M	28.13M	28.46M	27.86M	27.46M	27.28M	27.33M
Adjusted Diluted Earnings per Share	$0.22	$0.35	$0.51	$0.00	$0.03	$0.07	$0.01	($0.03)	($0.08)	($0.08)	($0.12)
Adjusted Weighted Average Diluted Shares Outstanding	34.95M	32.18M	34.01M	28.88M	32.24M	28.13M	32.46M	27.86M	27.46M	27.28M	27.33M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	31.75M	31.30M	29.00M	28.99M	28.75M	28.75M	28.71M	28.30M	27.55M	27.40M	27.38M
Normalized Net Operating Profit after Tax (NOPAT)	7.67	10	7.99	0.23	0.93	1.71	0.42	-0.44	-1.28	-1.20	-2.14
Normalized NOPAT Margin	13.14%	17.27%	15.31%	0.71%	3.51%	6.53%	1.88%	-2.26%	-6.81%	-6.21%	-11.61%
Pre Tax Income Margin	14.40%	19.18%	21.92%	0.85%	5.34%	7.29%	3.41%	-3.19%	-10.06%	-8.92%	-16.58%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Innodata's Financials

When does Innodata's fiscal year end?

According to the most recent income statement we have on file, Innodata's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Innodata's net income changed over the last 10 years?

Innodata's net income appears to be on a downward trend, with a most recent value of $28.68 million in 2024, falling from -$1.93 million in 2014. The previous period was -$889 thousand in 2023. View Innodata's forecast to see where analysts expect Innodata to go next.

What is Innodata's operating income?

Innodata's total operating income in 2024 was $24.34 million, based on the following breakdown:

Total Gross Profit: $170.46 million
Total Operating Expenses: $146.13 million

How has Innodata revenue changed over the last 10 years?

Over the last 10 years, Innodata's total revenue changed from $59.08 million in 2014 to $170.46 million in 2024, a change of 188.5%.

How much debt does Innodata have?

Innodata's total liabilities were at $50.06 million at the end of 2024, a 45.4% increase from 2023, and a 169.3% increase since 2014.

How much cash does Innodata have?

In the past 10 years, Innodata's cash and equivalents has ranged from $9.79 million in 2022 to $46.88 million in 2024, and is currently $46.88 million as of their latest financial filing in 2024.

How has Innodata's book value per share changed over the last 10 years?

Over the last 10 years, Innodata's book value per share changed from 1.55 in 2014 to 2.19 in 2024, a change of 41.4%.

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This page (NASDAQ:INOD) was last updated on 5/21/2025 by MarketBeat.com Staff

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Innodata (INOD) Financials

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