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Tucows vs Innodata: TCX and INOD compared
Tucows is the larger company: $100M of revenue in its latest quarter (Q3 2026) against $95.6M for Innodata (Q3 2026). Innodata is growing faster (+53% against +1% a year earlier). Innodata is more profitable, with an operating margin of 10.4% against 0.3%.
Where the money goes: TCX and INOD
Tucows (TCX) · Q3 2026
Tucows, Q3 2026: revenue $100M (+1% year over year), operating margin 0.3%, net loss $10.3M, operating cash flow −$4.6M. The chart follows the revenue to costs, profit and cash.
Innodata (INOD) · Q3 2026
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.
| Tucows (TCX) | Innodata (INOD) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $100M | $95.6M |
| Revenue growth, Y/Y | +1% | +53% |
| Operating margin | 0.3% | 10.4% |
| Net earnings | −$10.3M | $10.3M |
| Net margin | -10.3% | 10.8% |
| Operating cash flow | −$4.6M | −$84.0M |
| Market value | — | $2.2B |
| P/E | — | 46.4× |
| Analysts’ mean target | — | $122.75 |
Questions
Which is bigger, Tucows or Innodata?
Tucows is the larger company: $100M of revenue in its latest quarter (Q3 2026) against $95.6M for Innodata (Q3 2026).
Is Tucows or Innodata growing faster?
Innodata is growing faster (+53% against +1% a year earlier).
Which is more profitable, Tucows or Innodata?
Innodata is more profitable, with an operating margin of 10.4% against 0.3%.
More: Tucows earnings · how Tucows makes money · Innodata earnings · how Innodata makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.