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Innodata (INOD) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Innodata (INOD) Q3 2026 earnings results →
Q3 2026 Revenue up 53% year over year to $95.6M · 11¢ of every $1 of revenue kept as net profit · operating margin 10.4%
Innodata made $95.6M in Q3 2026 (+53% Y/Y). Operating margin 10.4%, net earnings $10.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $95.6M in Q3 2026, up 53% year over year and up 4% from the previous quarter.
Operating profit was $10.0M, a 10.4% margin (down 8.4 points year over year). Operating profit fell $1.8M even though revenue rose $33.1M versus Q3 2025, so costs grew faster than sales. Net earnings were $10.3M, up 24% year over year. The effective tax rate was -3.4%.
Operating cash flow was −$84.0M. Non-cash charges added back $2.3M of depreciation and amortization and $6.8M of share-based compensation. Working capital and other items used $103.4M. Capital expenditures of $2.4M exceeded it, leaving free cash flow of −$86.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $95.6M | +53% | 10.4% | $10.3M | −$84.0M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $92.1M | +58% | 19.1% | $14.4M | $127M |
| Q1 2026 | 10-Q | May 7, 2026 | $90.1M | +54% | 19.2% | $14.9M | $37.3M |
| Q4 2025 | 10-K | Feb 26, 2026 | $72.4M | +22% | 15.1% | $8.8M | $12.9M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $62.5M | +20% | 18.8% | $8.3M | $18.9M |
| Q2 2025 | 10-Q | Jul 31, 2025 | $58.4M | +79% | 15.3% | $7.2M | $4.2M |
| Q1 2025 | 10-Q | May 9, 2025 | $58.3M | +120% | 14.2% | $7.8M | $10.8M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Innodata
Innodata Inc. (Nasdaq: INOD) (together with its subsidiaries, the “Company”, “Innodata”, “we”, “us” or “our”) is a global data engineering and AI systems services company that supports the development, training, post-training, evaluation, and deployment of advanced artificial intelligence systems. We partner with leading technology companies, frontier AI laboratories, and enterprises to help enable AI systems that perform reliably, align with intended objectives, and operate safely in real-world environments. Our mission is to enable the responsible advancement of artificial intelligence by providing the data, evaluation frameworks, and human expertise required to build AI systems that can be trusted at scale.
In its own words, from its 10-K, filed Feb 26, 2026.
Innodata against its Services-Computer Processing & Data Preparation peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +53% against the peers' median +6%. Operating margin: 10.4% against the peers' median 11.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| INOD Innodata | Q3 2026 | $95.6M | +53% | 10.4% |
| ADP Automatic Data Processing | Q1 FY27 | $5.5B | +6% | 23.9% |
| DXC DXC Technology | Q2 FY27 | $3.0B | -4% | 6.2% |
| WDAY Workday | Q2 FY27 | $2.6B | +13% | 11.8% |
| TOST Toast | Q3 2026 | $2.0B | +21% | 8.3% |
| RDDT Reddit | Q3 2026 | $895M | +53% | 29.2% |
| VRSK Verisk Analytics | Q3 2026 | $809M | +5% | 45.2% |
| RNG RingCentral | Q3 2026 | $676M | +6% | 8.0% |
| PLTK Playtika Holding | Q3 2026 | $674M | -0.1% | 17.2% |
Source: Innodata 10-Q on SEC EDGAR · CIK 903651 · Services-Computer Processing & Data Preparation
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History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results