To the full analysis
Innodata stock: growth
INODInnodata reported $251.66M in revenue for fiscal 2025, up 47.6% on the prior year, up 34% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
10%
per year from 2006 to 2025, per share 8.4%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 34.0% | 15.7% | 10.0% |
| Revenue per share | 27.3% | 13.1% | 8.4% |
| Earnings | 120.5% | no data | no data |
| Earnings per share | 109.4% | no data | no data |
| Free cash flow | 53.0% | 33.6% | no data |
| Free cash flow per share | 45.4% | 30.7% | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $40.95M | −$7.32M | −$5.78M |
| 2007 | $67.73M | $4.57M | $1.55M |
| 2008 | $75M | $7.58M | $2.05M |
| 2009 | $79.33M | $7.31M | $9.93M |
| 2010 | $61.51M | −$747K | $2.99M |
| 2011 | $73.94M | $4.47M | −$8.87M |
| 2012 | $86.59M | $7.47M | $10.92M |
| 2013 | $64.25M | −$10.63M | −$3.16M |
| 2014 | $59.08M | −$974K | $2.58M |
| 2015 | $58.52M | −$2.83M | $1.96M |
| 2016 | $63.07M | −$5.52M | −$5.48M |
| 2017 | $60.93M | −$5.06M | −$2.67M |
| 2018 | $57.42M | −$253K | $1.57M |
| 2019 | $55.86M | −$2.14M | $2.61M |
| 2020 | $58.24M | $617K | $4.25M |
| 2021 | $69.76M | −$1.67M | $783K |
| 2022 | $79M | −$11.94M | −$7.74M |
| 2023 | $86.78M | −$908K | $339K |
| 2024 | $170.46M | $28.66M | $27.27M |
| 2025 | $251.66M | $32.18M | $35.65M |
Revenue by segment
How Innodata Inc. makes its money and how that has shifted. Names are as the company reports them.
- Dds88%
- Agility9%
- Synodex3%
- Other< 1%
“Other” combines smaller and former segments with revenue the company does not assign to a segment. Names as reported, with abbreviations spelled out for the largest companies.
Figures as a table
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Dds | $43.55M | $41.17M | $41.98M | $52.57M | $56.52M | $61.58M | $141.1M | $220.83M | 87.7% |
| Agility | $9.81M | $10.74M | $11.43M | $13.02M | $15.37M | $17.69M | $21.5M | $23.52M | 9.3% |
| Synodex | $4.06M | no data | no data | $4.16M | $7.11M | $7.51M | $7.86M | $7.32M | 2.9% |
| Other | $0 | $3.94M | $4.83M | $0 | $0 | $0 | $0 | $0 | 0% |
| Total revenue | $57.42M | $55.86M | $58.24M | $69.76M | $79M | $86.78M | $170.46M | $251.66M | 100% |
Revenue by region
Where Innodata Inc. generates its revenue.
- United States84%
- Canada5%
- United Kingdom4%
- Netherlands3%
- Other4%
“Other” combines smaller regions with revenue the company does not assign to a region.
Figures as a table
| 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|
| United States | $38.16M | $48.72M | $54.43M | $133.88M | $212.13M | 84.3% |
| Canada | $6.19M | $5.51M | $7.16M | $8.7M | $11.66M | 4.6% |
| United Kingdom | $11.59M | $10.9M | $10.77M | $10.01M | $10.47M | 4.2% |
| Netherlands | $6.55M | $6.83M | $7.29M | $8.06M | $8.55M | 3.4% |
| Other | $7.27M | $7.04M | $7.13M | $9.82M | $8.86M | 3.5% |
| Total revenue | $69.76M | $79M | $86.78M | $170.46M | $251.66M | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 15 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.