Management ChangeAug 6, 2026, 04:23 PM
Innodata Appoints Rahul Singhal CEO; Abuhoff Becomes Executive Chairman
AI Summary
Innodata announced a planned leadership transition, with Rahul Singhal appointed as President and CEO, and Jack Abuhoff transitioning to Executive Chairman, both effective September 30, 2026. The company also reported record second-quarter 2026 financial results, with revenue increasing 58% year-over-year to $92.1 million and Adjusted EBITDA growing 92% to $25.4 million. Net income reached $14.4 million, or $0.41 per diluted share. Innodata reiterated its full-year 2026 revenue growth guidance of 40% or more.
Key Highlights
- Rahul Singhal appointed President and CEO, effective September 30, 2026.
- Jack Abuhoff transitions to Executive Chairman, effective September 30, 2026.
- Q2 2026 Revenue: $92.1 million, a 58% increase year-over-year.
- Q2 2026 Adjusted EBITDA: $25.4 million, up 92% year-over-year.
- Q2 2026 Net Income: $14.4 million, or $0.41 diluted EPS.
- Cash, cash equivalents, and short-term investments: $250.4 million as of June 30, 2026.
- Reiterated full-year 2026 revenue growth guidance of 40% or more.
Price Impact
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