Filing Flows › Innodata (INOD) › Q3 2025
Innodata (INOD) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Innodata (INOD) reported revenue of $62.5M for the third quarter 2025 (Q3 2025), +20% from a year earlier and +7% from the quarter before. Operating margin was 18.8%, net earnings $8.3M (13.3% of revenue).
Innodata, Q3 2025: revenue $62.5M (+20% year over year), operating margin 18.8%, net earnings $8.3M, operating cash flow $18.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $62.5M | +7% | +20% |
| Gross profit | $25.5M | +11% | +20% |
| Operating profit | $11.8M | +32% | +3% |
| Net earnings | $8.3M | +16% | -52% |
| Operating cash flow | $18.9M | +349% | +66% |
| Free cash flow | $14.7M | +488% | +48% |
What changed
Revenue was $62.5M in Q3 2025, up 20% year over year and up 7% from the previous quarter. DDS was the largest line at 88% of revenue. DDS added $10.1M year over year (up 23%), 98% of the total change. Synodex declined 15%.
Gross margin was 40.8%, down 0.1 points from a year earlier. Operating profit was $11.8M, a 18.8% margin (down 3.1 points year over year). Of the extra revenue versus a year earlier, 3% reached operating profit, below the 22% margin then. Operating expenses grew 39% against revenue growth of 20%. Net earnings were $8.3M, down 52% year over year. The effective tax rate was 31.5%.
Operating cash flow was $18.9M (up 66% year over year), 226% of net earnings. Non-cash charges added back $1.7M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items added $6.1M. Capital expenditures of $4.2M left free cash flow of $14.7M.
Questions
What was Innodata's revenue in the third quarter 2025?
Innodata (INOD) reported revenue of $62.5M for the third quarter 2025 (Q3 2025), +20% from a year earlier and +7% from the quarter before.
Was Innodata profitable in the third quarter 2025?
Operating profit was $11.8M (18.8% of revenue) and net earnings $8.3M.
Source: Innodata 10-Q on SEC EDGAR.