Filing Flows › Innodata (INOD) › Q1 2025
Innodata (INOD) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Innodata (INOD) reported revenue of $58.3M for the first quarter 2025 (Q1 2025), +120% from a year earlier and -1% from the quarter before. Operating margin was 14.2%, net earnings $7.8M (13.3% of revenue).
Innodata, Q1 2025: revenue $58.3M (+120% year over year), operating margin 14.2%, net earnings $7.8M, operating cash flow $10.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $58.3M | -1% | +120% |
| Gross profit | $23.3M | -13% | +141% |
| Operating profit | $8.3M | -26% | +522% |
| Net earnings | $7.8M | -24% | +687% |
| Operating cash flow | $10.8M | -37% | +59% |
| Free cash flow | $8.4M | -44% | +55% |
What changed
Revenue was $58.3M in Q1 2025, up 120% year over year and down 1% from the previous quarter. DDS was the largest line at 87% of revenue. DDS added $31.1M year over year (up 158%), 98% of the total change.
Gross margin was 39.9%, up 3.5 points from a year earlier. Operating profit was $8.3M, a 14.2% margin (up 9.2 points year over year). Of the extra revenue versus a year earlier, 22% reached operating profit, above the 5% margin then. Operating expenses grew 80% against revenue growth of 120%. Net earnings were $7.8M, up 687% year over year. The effective tax rate was 7.3%.
Operating cash flow was $10.8M (up 59% year over year), 139% of net earnings. Non-cash charges added back $1.6M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items used $1.4M. Capital expenditures of $2.4M left free cash flow of $8.4M.
Questions
What was Innodata's revenue in the first quarter 2025?
Innodata (INOD) reported revenue of $58.3M for the first quarter 2025 (Q1 2025), +120% from a year earlier and -1% from the quarter before.
Was Innodata profitable in the first quarter 2025?
Operating profit was $8.3M (14.2% of revenue) and net earnings $7.8M.
Source: Innodata 10-Q on SEC EDGAR.