Filing Flows › Innodata (INOD) › Q2 2025
Innodata (INOD) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Innodata (INOD) reported revenue of $58.4M for the second quarter 2025 (Q2 2025), +79% from a year earlier and +0.1% from the quarter before. Operating margin was 15.3%, net earnings $7.2M (12.4% of revenue).
Innodata, Q2 2025: revenue $58.4M (+79% year over year), operating margin 15.3%, net earnings $7.2M, operating cash flow $4.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $58.4M | +0.1% | +79% |
| Gross profit | $23.0M | -1% | +146% |
| Operating profit | $8.9M | +8% | 27× |
| Net earnings | $7.2M | -7% | — |
| Operating cash flow | $4.2M | -61% | — |
| Free cash flow | $2.5M | -70% | — |
What changed
Revenue was $58.4M in Q2 2025, up 79% year over year and roughly flat from the previous quarter. DDS was the largest line at 87% of revenue. DDS added $25.2M year over year (up 99%), 97% of the total change.
Gross margin was 39.4%, up 10.7 points from a year earlier. Operating profit was $8.9M, a 15.3% margin (up 14.2 points year over year). Of the extra revenue versus a year earlier, 33% reached operating profit, above the 1% margin then. Operating expenses grew 56% against revenue growth of 79%. Net earnings were $7.2M. The effective tax rate was 23.9%.
Operating cash flow was $4.2M, 58% of net earnings. Non-cash charges added back $1.6M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items used $7.3M. Capital expenditures of $1.7M left free cash flow of $2.5M.
Questions
What was Innodata's revenue in the second quarter 2025?
Innodata (INOD) reported revenue of $58.4M for the second quarter 2025 (Q2 2025), +79% from a year earlier and +0.1% from the quarter before.
Was Innodata profitable in the second quarter 2025?
Operating profit was $8.9M (15.3% of revenue) and net earnings $7.2M.
Source: Innodata 10-Q on SEC EDGAR.