Filing Flows

Filing Flows › Companies › Innodata › Cash flow

Innodata cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$86.4M in Q3 2026 · $83.0M over twelve months

Operating cash flow−$84.0M
Capital spending−$2.4M
Free cash flow−$86.4M
Cash / net income-8.1×

Analysis

In Q3 2026, Innodata generated −$84.0M of operating cash flow and spent $2.4M on capital projects, leaving free cash flow of −$86.4M. That is $101M less than in Q3 2025 ($14.5M).

Over the twelve months to Sep 30, 2026, operating cash flow was $93.5M; the largest uses were capital spending ($10.5M), taxes on employees’ shares ($3.6M), net borrowing (+) / repaid (−) ($1.0M); besides operations, cash came from shares issued ($12.7M); the cash balance rose by $90.1M.

Operating cash flow was −$84.0M against net income of $10.3M — -8.1× profit, less cash than reported earnings, worth checking against working capital. The largest differences: payables −$50.6M, stock-based pay +$6.8M, receivables +$3.2M.

Free cash flow

Innodata: free cash flow by quarterInnodata: free cash flow by quarter$15.0MQ4 2024$8.4MQ1 2025$2.5MQ2 2025$14.5MQ3 2025$10.2MQ4 2025$34.8MQ1 2026$124MQ2 2026−$86.4MQ3 2026
Operating cash flow less capital spending.
Innodata: operating cash flow against capital spendingInnodata: operating cash flow against capital spendingOperating cash flowCapital spending$17.2M$2.2MQ4 2024$10.8M$2.4MQ1 2025$4.2M$1.7MQ2 2025$18.7M$4.2MQ3 2025$13.0M$2.8MQ4 2025$37.3M$2.4MQ1 2026$127M$2.9MQ2 2026−$84.0M$2.4MQ3 2026
Latest (Q3 2026): Operating cash flow −$84.0M, Capital spending $2.4M.

Capital allocation, year by year

Innodata: where the cash came from (up) and went (down), by fiscal yearInnodata: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingFY2021: Operating cash flow $5.2MFY2021: Net borrowing −$691KFY2021: Shares issued $2.2MFY2021: Capital spending −$4.4M$7.4MFY2021FY2022: Operating cash flow −$1.2MFY2022: Net borrowing −$639KFY2022: Shares issued $332KFY2022: Capital spending −$6.5M$332KFY2022FY2023: Operating cash flow $5.9MFY2023: Net borrowing −$452KFY2023: Shares issued $3.3MFY2023: Capital spending −$5.6M$9.2MFY2023FY2024: Operating cash flow $34.9MFY2024: Net borrowing −$362KFY2024: Shares issued $6.7MFY2024: Capital spending −$7.7M$41.5MFY2024FY2025: Operating cash flow $46.8MFY2025: Net borrowing −$420KFY2025: Shares issued $3.3MFY2025: Capital spending −$11.1M$50.1MFY2025
Over these 5 years operating cash flow totalled $91.5M; the largest uses were capital spending ($35.3M) and net borrowing ($2.6M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$174M
Debtnone
Net cash$174M

Innodata funds itself: free cash flow was $83.0M over the last twelve months, with $174M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Innodata: sources (+) and uses (−) of cash, Q3 2026Innodata: sources (+) and uses (−) of cash, Q3 2026Operating cash flow−$84.0MCash drawn (+) / kept (−)$76.3MOther investing$10.1MCapital spending−$2.4MTaxes on employees’ shares−$257KExchange rates$139KShares issued$48KNet borrowing (+) / repaid (−)$28K
Innodata: sources (+) and uses (−) of cash, TTM to Q3 2026Innodata: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$93.5MCash drawn (+) / kept (−)−$90.1MShares issued$12.7MCapital spending−$10.5MTaxes on employees’ shares−$3.6MNet borrowing (+) / repaid (−)−$1.0MExchange rates−$941K

From profit to cash

Innodata: net income to operating cash flow, Q3 2026Innodata: net income to operating cash flow, Q3 2026Net income$10.3MDepreciation & amortization$2.3MStock-based pay$6.8MDeferred taxes−$854KReceivables$3.2MPayables−$50.6MEmployee-related liabilities$2.0MDeferred revenue$1.6MPrepaid and other assets−$1.9MIncome taxes payable$1.1MOperating cash flow−$84.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026−$84.0M−$2.4M$28K$48K$76.3M−$86.4M
Q2 2026$127M−$2.9M−$871K$9.9M−$123M$124M
Q1 2026$37.3M−$2.4M−$6K$957K−$35.1M$34.8M
Q4 2025$13.0M−$2.8M−$190K$1.8M−$8.4M$10.2M
Q3 2025$18.7M−$4.2M−$113K$80K−$14.1M$14.5M
Q2 2025$4.2M−$1.7M−$92K$505K−$3.2M$2.5M
Q1 2025$10.8M−$2.4M−$25K$963K−$9.7M$8.4M
Q4 2024$17.2M−$2.2M$154K$5.9M−$20.5M$15.0M

Innodata: income statement and cash flow

Innodata, Q3 2026: revenue $95.6M (+53% year over year), operating margin 10.4%. The chart follows the revenue to costs, profit and cash.

Innodata: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.