Innodata (INOD) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Innodata

NasdaqGM•Technology•Information Technology Services

$55.41+1.04(0.02%)Pre-market

Market Cap

$1.91B

P/E

41.0x

P/S

6.0x

P/B

12.0x

Innodata Inc. operates as a data engineering company in the United States, the United Kingdom, the Netherlands, Canada, Germany, Belgium, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment engages in the provision of artificial intelligence (AI) training and post-training data, model evaluation, alignment, safety, AI model deployment and integration, and AI-enabled platforms. The Synodex segment offers an industry platform that transforms medical records into structured digital data for insurance and healthcare workflows. The company also provides Agility PR Solutions platform that provides media intelligence and public relations workflow software enhanced with AI-driven monitoring, analytics, and content capabilities. It serves banking, insurance, financial services, technology, digital retailing, and information media sectors through its professional staff, senior management, and direct sales personnel. The company was formerly known as Innodata Isogen Inc. and changed its name to Innodata Inc. in November 2003. Innodata Inc. was incorporated in 1988 and is headquartered in Ridgefield Park, New Jersey.

How this company scores

ExcellentMetricSide Score: 83/100

Strongest: Cash & Earnings Quality (25/25); weakest: Profitability (17/25).

Profitability17/25

Growth20/25

Balance Sheet & Red Flags21/25

Cash & Earnings Quality25/25

Strengths

Growing revenueRising free cash flowStrong marginsHigh ROE

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 41.0x5y range 24.3x – 447.6x

Currently near its 11-quarter median.

P/S · 6.0x5y range 0.0x – 10.1x

Currently near its 20-quarter median.

P/B · 12.0x5y range 0.0x – 24.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Share Dilution

Red Flag

Shares outstanding increased 15.4% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $1.91B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $317.16M
Q. Revenue: $92.14M
TTM EBITDA: $67.00M
TTM Op. Income: $55.45M
Q. Op. Income: $15.86M
TTM Net Income: $46.48M
Q. Net Income: $14.41M
EPS: $0.43
Shares Out.: $33.47M

$317.16M in TTM revenue grew 39.0% YoY, reaching $92.14M last quarter. TTM EBITDA of $67.00M and TTM operating income of $55.45M show growth is flowing through to the bottom line. TTM net income of $46.48M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 46.1%
EBITDA Margin: 19.7%
Op. Margin: 17.2%
Net Margin: 15.6%

Op. margin of 17.2% is up 2.0% YoY — cost efficiency is improving. Net margin at 15.6% and gross margin of 46.1% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 13% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 41.0x
P/S Ratio: 6.0x
P/B Ratio: 12.0x

At 41.0x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 6.0x and P/B of 12.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 8% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $356.67M
Cash: $240.28M
Long-Term Debt: $8.94M
Book Value: $159.53M
D/E Ratio: 0.1
Debt/EBITDA: 0.5

With $356.67M in assets and $8.94M in long-term debt, D/E is 0.1and book value is $159.53M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 35% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $127.18M
TTM Free Cash Flow: $183.74M
FCF Margin: 57.9%
FCF / Net Income: 4.0

TTM FCF of $183.74M on $127.18M in operating cash flow. The FCF / Net Income ratio of 4.0x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.