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Innodata (INOD) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Innodata (INOD) reported revenue of $95.6M for the third quarter 2026 (Q3 2026), +53% from a year earlier and +4% from the quarter before. Operating margin was 10.4%, net earnings $10.3M (10.8% of revenue).
Innodata, Q3 2026: revenue $95.6M (+53% year over year), operating margin 10.4%, net earnings $10.3M, operating cash flow −$84.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $95.6M | +4% | +53% |
| Operating profit | $10.0M | -43% | -15% |
| Net earnings | $10.3M | -28% | +24% |
| Operating cash flow | −$84.0M | -166% | -545% |
What changed
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.
Questions
What was Innodata's revenue in the third quarter 2026?
Innodata (INOD) reported revenue of $95.6M for the third quarter 2026 (Q3 2026), +53% from a year earlier and +4% from the quarter before.
Was Innodata profitable in the third quarter 2026?
Operating profit was $10.0M (10.4% of revenue) and net earnings $10.3M.
Source: Innodata 10-Q on SEC EDGAR.