Stocks · Technology · Information Technology Services
Innodata Inc. INOD
$66.97 -4.42% Close, Oct 5, 2026 · NASDAQ · Market cap $2.29B
Strong growthHigh quality
Next earnings report: Nov 5, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Revenue over the last four quarters was $317.2M, up 39.0% from a year earlier.
- Earnings beat analyst estimates in each of the last 8 quarters (average surprise over the last four: +100.0%).
- The stock is 45% below its highest close of the past year.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 14%
- EPS growth (TTM, YoY)Bottom 42%
- FCF growth (TTM, YoY)Top 3%
- Revenue growth, 3-year CAGRTop 6%
- Revenue growth accelerationBottom 30%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 6%
- Gross marginBottom 39%
- Operating marginTop 20%
- Cash conversion (OCF / net income)Top 11%
- Accruals (lower is better)Top 3%
- Net debt / EBITDA (lower is better)Top 11%
- Interest coverTop 12%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 40%
- Free-cash-flow yieldTop 14%
- EBITDA / enterprise valueTop 48%
- Sales / enterprise valueBottom 35%
- P/E vs own 5-year history (lower is better)Top 38%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 17%
- 6-month returnTop 18%
- 1-year return vs S&P 500Bottom 30%
- Distance from 52-week highBottom 27%
- Trend checklist (0–4)Top 46%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 4%
- Consecutive EPS beatsTop 25%
- Share of analysts rating BuyTop 47%
- Upside to consensus price targetTop 17%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 40%
- Maximum drawdown, 3 yearsBottom 46%
- Beta vs S&P 500 (lower is better)Bottom 1%
- Net debt / EBITDA (lower is better)Top 11%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 40.1% | 39.0% | ↓ |
| EPS growth (YoY) | 6.8% | 6.5% | ↓ |
| Gross margin | 41.7% | 42.6% | ↑ |
| Operating margin | 17.8% | 17.0% | ↓ |
| FCF margin | 15.8% | 68.9% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 39.0% | 40.1% | ↓ | Top 14% |
| EPS growth (TTM, YoY) | 6.5% | 6.8% | ↓ | Bottom 42% |
| Gross margin | 42.6% | 41.7% | ↑ | Bottom 39% |
| Operating margin | 17.0% | 17.8% | ↓ | Top 20% |
| Net margin | 14.7% | 18.7% | ↓ | — |
| Free-cash-flow margin | 68.9% | 15.8% | ↑ | — |
| Return on invested capital | 24.5% | — | Top 6% | |
| Revenue growth, 3-year CAGR | 47.1% | — | Top 6% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 3.00×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -52.4%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 7.7%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +0.4 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -3.32×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 31.7×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- -0.45%
- Shareholder yield
- -0.45%
- Share count change, 1 year
- -1.5%
- Share count change, 3-year CAGR
- +7.7%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 8
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +100.0%
- Average 2-day reaction, last 8
- +0.9%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $120.00
- Target vs current price
- +79.2%
- Analysts with a rating
- 6
- Share rating Buy or Strong Buy
- 67%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 6, 2026 | +92.5% | -5.6% | -11.4% | -21.7% | — |
| May 7, 2026 | +223.1% | -1.9% | +93.4% | +161.2% | +36.0% |
| Feb 26, 2026 | +19.0% | +3.0% | -3.8% | -5.5% | +113.3% |
| Nov 6, 2025 | +71.4% | -5.9% | -4.2% | -9.8% | -15.9% |
| Jul 31, 2025 | +81.8% | +13.2% | -10.1% | -19.4% | +52.4% |
| May 8, 2025 | +29.4% | +11.8% | -5.1% | +24.2% | +22.0% |
| Feb 20, 2025 | +181.8% | -8.3% | +7.8% | -26.2% | -40.5% |
| Nov 7, 2024 | +628.6% | +1.1% | +63.3% | +87.4% | +63.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 6, 2026 | $0.41 | $0.21 | +92.5% | $92.1M |
| May 7, 2026 | $0.42 | $0.13 | +223.1% | $90.1M |
| Feb 26, 2026 | $0.25 | $0.21 | +19.0% | $72.4M |
| Nov 6, 2025 | $0.24 | $0.14 | +71.4% | $62.5M |
| Jul 31, 2025 | $0.20 | $0.11 | +81.8% | $58.4M |
| May 8, 2025 | $0.22 | $0.17 | +29.4% | $58.3M |
| Feb 20, 2025 | $0.31 | $0.11 | +181.8% | $59.2M |
| Nov 7, 2024 | $0.51 | $0.07 | +628.6% | $52.2M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 50.7× | 57.5× | 42th | Top 40% |
| P/E (forward) | 54.3× | — | — | — |
| EV / EBITDA | 30.4× | — | — | Top 48% |
| EV / Sales | 6.50× | — | — | Bottom 35% |
| Free-cash-flow yield | 9.55% | — | — | Top 14% |
| Earnings yield | 1.97% | — | — | Top 40% |
P/E over the past five years
Range 33.3× – 452.8× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -23.4%
- Earnings per share growth (TTM)
- +6.5%
- Change in P/E multiple
- +12.1%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 11
- Days above the 200-day average
- 11
- 50-day average slope (20 days)
- -2.9%
- 200-day average slope (20 days)
- +1.2%
- Distance from 50-day average
- +9.3%
- Distance from 200-day average
- +9.0%
- RSI (14)
- 55.6
- Relative volume
- 0.91×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 69.2%
- Volatility vs own 5-year history
- 15th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 4.05
- Correlation with S&P 500
- 0.46
- Current drawdown from 1-year high
- -44.9%
- Maximum drawdown, 3 years
- -63.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 2, 2021 | Dec 20, 2022 | -74.4% | 285 days | 108 days (May 26, 2023) |
| Oct 8, 2025 | Mar 30, 2026 | -63.0% | 118 days | 29 days (May 11, 2026) |
| Aug 30, 2023 | Apr 22, 2024 | -61.8% | 161 days | 31 days (Jun 5, 2024) |
| Jun 4, 2026 | Sep 10, 2026 | -56.3% | 67 days | Not yet recovered |
| Feb 26, 2025 | Apr 21, 2025 | -53.8% | 37 days | 101 days (Sep 15, 2025) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $2.29B
- P/E (TTM)
- 50.7
- EPS, diluted (TTM)
- $1.32
- Revenue (TTM)
- $317.2M
- 52-week range
- $34.23 – $125.14
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $69.8M | $79.0M | $86.8M | $170.5M | $251.7M |
| Gross profit | $26.3M | $27.7M | $31.9M | $66.9M | $99.8M |
| Operating income | -$1.5M | -$10.3M | $939,000 | $24.2M | $40.2M |
| Net income | -$1.7M | -$11.9M | -$908,000 | $28.7M | $32.2M |
| EPS (diluted) | -$0.07 | -$0.44 | -$0.03 | $0.89 | $0.92 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $52.2M | $59.2M | $58.3M | $58.4M | $62.5M | $72.4M | $90.1M | $92.1M |
| Net income | $17.4M | $10.3M | $7.8M | $7.2M | $8.3M | $8.8M | $14.9M | $14.4M |
| EPS (diluted) | $0.51 | $0.31 | $0.22 | $0.20 | $0.24 | $0.25 | $0.42 | $0.41 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $5.2M | -$1.2M | $5.9M | $35.0M | $46.8M |
| Capital expenditure | -$4.4M | -$6.5M | -$5.6M | -$7.7M | -$11.1M |
| Free cash flow | $783,000 | -$7.7M | $339,000 | $27.3M | $35.6M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $2.2M | $0 | $0 | $6.7M | -$3.3M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $250.4M
- Total assets
- $356.7M
- Total liabilities
- $197.1M
- Total debt
- $15.0M
- Net debt
- -$225.2M
- Shareholders’ equity
- $159.5M
As of Jun 30, 2026 (filed Aug 6, 2026).
Short interest
- Shares sold short
- 4,828,931
- Days to cover
- 6.12
- Change vs previous report
- +0.7%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Mar 26, 2001
- 2-for-1
- Dec 4, 2000
- 2-for-1
- Sep 10, 1999
- 3-for-1
- Mar 25, 1998
- 1-for-3
- Aug 19, 1994
- 21-for-20