Companies /Technology

Innodata Inc

NASDAQ: INOD Information Technology Services
$59.44
â–² $3.60 (+6.45%) today
Markets open · 12:55pm ET

Q3 2025 Earnings

Reported Nov 6, 2025, 4:47pm ET · SEC source
$0.24
Beat +50.00%
EPS · est. $0.16
$62.6M
Beat +4.63%
Revenue · est. $59.8M
−18.3%
Trailing market
INOD vs S&P since report
2 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−10%−5%0Nov 6Nov 7report 4:47pm ETearnings+0.1%−2.4%
−10%−5%0Nov 6Nov 7earnings+0.1%−2.4%
INOD −2.4%S&P 500 +0.1%
−10%−5%0Nov 6Nov 7report 4:47pm ETearnings−0.2%−2.4%
−10%−5%0Nov 6Nov 7earnings−0.2%−2.4%
INOD −2.4%NASDAQ −0.2%
−24%−16%−8%0Nov 5Nov 14report 4:47pm ETearnings+0.1%−15.9%
−24%−16%−8%0Nov 5Nov 14earnings+0.1%−15.9%
INOD −15.9%S&P 500 +0.1%
−24%−16%−8%0Nov 5Nov 14report 4:47pm ETearnings−0.5%−15.9%
−24%−16%−8%0Nov 5Nov 14earnings−0.5%−15.9%
INOD −15.9%NASDAQ −0.5%
+6.90%
Day of report
+5.28%
Next session
−12.12%
One week
−15.79%
30 days

S&P 500 over the same 30 days: +2.47%.

Did INOD Beat Earnings? Q3 2025 Results

Innodata posted a strong third quarter, delivering earnings and revenue that both cleared Wall Street expectations by a meaningful margin and reinforcing the company's position as a key data services partner to major technology firms. The AI data services provider reported Q3 2025 earnings of $0.24 per diluted share, well ahead of the $0.16 consensus estimate, while revenue climbed 19.8% year-over-year to $62.55 million, edging past the $59.78 million analyst forecast. The primary engine behind the results was the Digital Data Solutions segment, which generated $54.78 million in quarterly revenue as demand for AI training data from Big Tech customers accelerated. Adjusted EBITDA rose 17% year-over-year to $16.21 million, and the company's cash position strengthened to $73.86 million. Looking ahead, management reiterated full-year 2025 guidance of at least 45% organic revenue growth, pointing to roughly $68 million in signed or near-signed pre-training data contracts, a new federal business unit carrying an initial approximately $25 million project, and five new Big Tech customer relationships as the foundation for continued expansion into 2026.

Key Takeaways
  • 20% year-over-year organic revenue growth driven by DDS segment
  • Deepening relationships with leading Big Tech and AI innovation labs
  • Pre-training data investments paying off with $68 million in potential contracted revenue
  • Adjusted EBITDA increased 17% year-over-year to $16.2 million

“Our third quarter marked another record-setting performance for Innodata, with revenue, profitability, and cash all at all-time highs.”

Innodata CEO, on the earnings call

Forward Guidance & Outlook

Innodata reiterated full-year 2025 guidance of 45% or more year-over-year organic revenue growth. The company anticipates continued transformative growth in 2026, fueled by deepening Big Tech relationships (including a substantial expansion with its largest customer and five new Big Tech customers), scaling pre-training data programs (approximately $68 million in potential revenue from signed and soon-to-be-signed contracts), the launch of Innodata Federal with an initial ~$25 million project, sovereign AI partnerships expected in 2026, and expansion in enterprise AI, agentic AI, and model safety.

INOD YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$20.0M$40.0M$60.0M$52.2M$62.6MRevenue$21.8M$25.5MGross Profit$11.9M$12.2MOperating Income$17.4M$8.3MNet Income
$0$20.0M$40.0M$60.0MRevenueGross ProfitOperating IncomeNet Income

INOD Revenue by Segment

Digital Data Solutions$54.8M
Agility$6.1M
Synodex$1.7M

Figures from SEC filings and company reports. Not investment advice.