NASDAQ · INOD

Innodata Inc.

Technology · Information Technology Services

$56.22▲ 1.46% ($0.81)today

As of 11:25 AM ET

52-week

$34.23$125.14

Market cap

$1.84B

P/E

What the market price implies · Reverse DCF

To support a price of $56.22, this model requires revenue to grow by 35.17%/yr over the next 10 years, compounded annually.

Historical revenue grew by 37.82%/yr over the past 4 years. The required annual growth rate is 2.65 percentage points lower.

Selected forecast · Base scenario

19.61%/yr · actual 10-year annualized revenue growth

Year 1 growth: 40%

Market-implied · Base operating assumptions + edited margins

35.17%/yr · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Revenue & margin DCF

Price used

$56.22

Estimated value / share

$27.41

Base scenario

This estimate is 51.25% below the price used.

USD · TTM ending 2026-06-30

Year 1 growth 40% · Ending margin 17.95% · Discount rate 18.61%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 17, 2026, 3:25 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 17, 2026, 3:25 PM UTC · provider

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Only 2 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Likely multiple compressionHigh confidence

1Y Price: -15.9%Revenue (TTM): 39.02%FCF (TTM): 505.94%P/FCF: 0th pct

What changed

The stock fell 15.9% over the last year. Revenue grew 39.02% over the trailing twelve months. Operating margin moved from 17.77% to 16.97%. Free cash flow grew 505.94% over the trailing twelve months.

What the market seems to be pricing

Visible fundamentals weakened far less than the stock price, and the shares now sit around the 0th percentile of their historical P/FCF range. That looks more like a rerating of the multiple than a collapse in the business.

What would invalidate this read

This read changes if operating margin (currently 16.97%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.

Performance

Return analysis

Company profile

Innodata Inc. is a global enterprise specializing in data engineering, with operations spanning the United States, the United Kingdom, the Netherlands, Canada, and other international locations.

CEOJack S. Abuhoff

SectorTechnology

IndustryInformation Technology Services

Employees10,064

IPO dateAug 10, 1993

https://www.innodata.com

Market multiples

Forward P/E—

EV/EBITDA31.93

Enterprise value$1.54B

Stock splits

Mar 26, 2001↑ Forward

Every 1 shares became 2

+100%

Dec 4, 2000↑ Forward

Every 1 shares became 2

+100%

Sep 10, 1999↑ Forward

Every 1 shares became 3

+200%

Mar 25, 1998↓ Reverse

Every 3 shares became 1

-67%

Aug 19, 1994↑ Forward

Every 20 shares became 21

+5%

Profitability & growth

Revenue growth57.8%

Gross margin (FY2025)39.67%▲0.4ppvs FY2024

Operating margin (FY2025)15.98%▲1.8ppvs FY2024

ROE37.75%0.0ppvs FY2025

Analyst consensus

RatingBuy

Target price$120.00▲113.46%

Buy

Hold

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

Nov 5, 2026

Q4 FY26 · EPS est $0.19 · Revenue est $83.32M

View

NASDAQ · INOD

Innodata Inc.

Technology · Information Technology Services

$56.22▲ 1.46% ($0.81)today

As of 11:25 AM ET

52-week

$34.23$125.14

Market cap

$1.84B

P/E

What the market price implies · Reverse DCF

To support a price of $56.22, this model requires revenue to grow by 35.17%/yr over the next 10 years, compounded annually.

Historical revenue grew by 37.82%/yr over the past 4 years. The required annual growth rate is 2.65 percentage points lower.

Selected forecast · Base scenario

19.61%/yr · actual 10-year annualized revenue growth

Year 1 growth: 40%

Market-implied · Base operating assumptions + edited margins

35.17%/yr · flat 10-year annualized revenue growth

Valuation

Recommended · Revenue & margin DCF

Price used

$56.22

Estimated value / share

$27.41

Base scenario

This estimate is 51.25% below the price used.

USD · TTM ending 2026-06-30

Year 1 growth 40% · Ending margin 17.95% · Discount rate 18.61%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 17, 2026, 3:25 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 17, 2026, 3:25 PM UTC · provider

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Only 2 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Likely multiple compressionHigh confidence

1Y Price: -15.9%Revenue (TTM): 39.02%FCF (TTM): 505.94%P/FCF: 0th pct

What changed

What the market seems to be pricing

What would invalidate this read

This read changes if operating margin (currently 16.97%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.

Performance

Return analysis

Company profile

Innodata Inc. is a global enterprise specializing in data engineering, with operations spanning the United States, the United Kingdom, the Netherlands, Canada, and other international locations.

CEOJack S. Abuhoff

SectorTechnology

IndustryInformation Technology Services

Employees10,064

IPO dateAug 10, 1993

https://www.innodata.com

Market multiples

Forward P/E—

EV/EBITDA31.93

Enterprise value$1.54B

Stock splits

Mar 26, 2001↑ Forward

Every 1 shares became 2

+100%

Dec 4, 2000↑ Forward

Every 1 shares became 2

+100%

Sep 10, 1999↑ Forward

Every 1 shares became 3

+200%

Mar 25, 1998↓ Reverse

Every 3 shares became 1

-67%

Aug 19, 1994↑ Forward

Every 20 shares became 21

+5%

Profitability & growth

Revenue growth57.8%

Gross margin (FY2025)39.67%▲0.4ppvs FY2024

Operating margin (FY2025)15.98%▲1.8ppvs FY2024

ROE37.75%0.0ppvs FY2025

Analyst consensus

RatingBuy

Target price$120.00▲113.46%

Buy

Hold

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

Nov 5, 2026

Q4 FY26 · EPS est $0.19 · Revenue est $83.32M

View