Reading the tape
NASDAQ: INOD
Innodata Inc.
Technology · Information Technology Services
Market Cap
$1.49B
52w High
$93.85
52w Low
$31.90
P/E
45.58
Volume
1.18M
Outstanding Shares
32.60M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 18.2%Revenue (TTM): 47.64%FCF (TTM): 30.7%P/FCF: 71st pct
What changed
The stock rose 18.2% over the last year. Revenue grew 47.64% over the trailing twelve months. Operating margin moved from 14.51% to 15.55%. Free cash flow grew 30.7% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (71st percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 15.55% — continued expansion would be needed to justify the premium. Revenue growth of 47.64% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Innodata Inc. operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally.
CEOJack S. Abuhoff
SectorTechnology
IndustryInformation Technology Services
Employees6,597
IPO dateAug 10, 1993
Valuation
Forward P/E—
EV/EBITDA31.93
Enterprise value$1.54B
Stock splits
Mar 26, 2001↑ Forward
Every 1 shares became 2
Dec 4, 2000↑ Forward
Every 1 shares became 2
Sep 10, 1999↑ Forward
Every 1 shares became 3
Mar 25, 1998↓ Reverse
Every 3 shares became 1
Aug 19, 1994↑ Forward
Every 20 shares became 21
Profitability & growth
Revenue growth22.3%
Gross margin39.79%▲1.02%vs FY2024
Operating margin15.55%▲12.61%vs FY2024
ROE30.06%▼33.43%vs FY2024
Analyst consensus
RatingBuy
Target price$56.50▲23.58%
4
Buy
2
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est $0.16 · Revenue est $76.47M
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