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Innodata Inc (INOD) stock

INODNasdaqServices-Computer Processing & Data PreparationFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 17/3036% below fair value
$36.29−1.88 (-4.93%)

Close on Nov 12, 2026Market cap $1.25BP/E 26.5Yield 0.00%

Innodata Inc grew revenue 46.9% to $350.23M over the twelve months to Sep 30, 2026. Operating income rose 63.8% to $39.87M, moving the operating margin from 10.2% to 11.4%. Free cash flow was $82.97M, up 105.3% from a year earlier. At the latest close the market valued the company at $1.25B, 26.5 times its earnings.

Revenue
$350.23M
+46.9% vs. a year earlier
Operating income
$39.87M
+63.8% vs. a year earlier
Free cash flow
$82.97M
+105.3% vs. a year earlier
EPS, diluted
$1.37
+34.3% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$1.25B
P/E ratio
26.5
Price to sales
3.56
Price to book
7.07
Dividend yield
0.00%
Free cash flow yield
6.65%

Fundamentals

Revenue
$350.23M
Net income
$48.47M
EPS, diluted
$1.37
Free cash flow
$82.97M
Book value per share
$4.96
Diluted shares
36M

Trading

Next earnings
Feb 25, 2027 (estimated, after the close)
Previous close
$38.17
Open
$36.45
Day's range
$35.32 – $37.23
Volume
1,132,414
Average volume (20 days)
2,045,619
Index membership
Russell 2000 (since Jun 2023), Russell 3000 (since Aug 2023)
Beta (5 years)
2.77
52-week range
$34.23 – $125.14
RSI (14 days)
32.1
Volatility (1 year)
122.2%
Relative volume
0.76×
WACC
17.4%

On 3 of our idea lists: Undervalued and financially sound, Small-cap growth, Institutions accumulating

Index membership is inferred from the holdings of funds that track each index (IWM, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2010, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.

PeriodINODS&P 500DifferenceINOD per yearS&P 500 per year
1 month-39.4%-2.7%−36.7 pts
3 months-41.0%-1.7%−39.2 pts
Year to date-28.8%+11.9%−40.7 pts
1 year-41.4%+12.0%−53.4 pts
3 years+334.6%+78.2%+256.4 pts+63.2%+21.2%
5 years+337.2%+73.2%+264.0 pts+34.3%+11.6%
10 years+1670.2%+309.6%+1360.6 pts+33.3%+15.1%

Fifteen years at a glance

Fiscal years 2011 to 2025 and trailing twelve months, USD

Revenue

$350.23M+46.9% YoY

Gross profit

–

Operating income

–

Net income

$48.47M+44.1% YoY

EPS, diluted

$1.37+34.3% YoY

Free cash flow

$82.97M+105.3% YoY
Reported periodTrailing twelve months

Press releases

Releases Innodata filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Innodata

Services-Computer Processing & Data Preparation

Innodata Inc. provides data engineering, artificial intelligence model training, post-training, evaluation, and deployment services. The company develops training datasets, conducts safety and adversarial evaluations, and assists organizations in operationalizing advanced artificial intelligence and agentic systems. It also offers specialized industry software, including the Synodex medical data structuring platform for insurance and healthcare workflows and the Agility PR Solutions media intelligence tool. Innodata operates through three business segments: Digital Data Solutions, Synodex, and Agility. Its customer base includes major technology firms, generative model developers, artificial intelligence laboratories, enterprise clients across sectors such as banking and insurance, and United States government agencies.

Company profile, executives and history

Innodata stock: common questions

What is Innodata's stock price?

INOD closed at $36.29 on Nov 12, 2026, down 4.93% on the day. Over the past 52 weeks it traded between $34.23 and $125.14.

What is Innodata's market cap?

Innodata was worth $1.25B at the close on Nov 12, 2026: the share price times the diluted shares outstanding.

What is INOD's P/E ratio?

INOD trades at 26.5 times earnings, based on diluted earnings per share of $1.37 over the twelve months to Sep 30, 2026.

How much revenue does Innodata make?

Innodata reported revenue of $350.23M for the twelve months to Sep 30, 2026, up 46.9% from a year earlier.

Does Innodata pay a dividend?

No. Innodata has not paid a cash dividend over the last twelve months.

When does Innodata report earnings next?

Innodata is expected to report Q4 FY2026 results on Feb 25, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.

How has INOD stock performed over the past year?

Including dividends, INOD returned -41.4% over the past year, against +12.0% for the S&P 500.

How many INOD shares are sold short?

5M shares were sold short at the latest FINRA report, 17.15% of the float, or 2.4 days of average trading volume.

Who are Innodata's competitors?

Companies most similar to Innodata by business, industry and size include EGHT, YEXT, IBEX, CCSI, TCX.

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