Quarterly ResultMay 7, 2026, 04:25 PM
Innodata Q1 Revenue +54% to $90.1M; Adj. EBITDA $25.0M; Raises FY26 Guidance
AI Summary
Innodata Inc. reported record first-quarter 2026 financial results, with revenue increasing 54% year-over-year to $90.1 million and Adjusted EBITDA growing 96% to $25.0 million. Net income reached $14.9 million, or $0.42 per diluted share. The company raised its full-year 2026 revenue growth guidance to approximately 40% or more and announced new engagements with a major Big Tech company, expected to generate about $51 million in 2026 revenue. Innodata also highlighted customer diversification and the launch of its Evaluation and Observability Platform, securing a $1 million engagement.
Key Highlights
- Q1 2026 Revenue: $90.1 million, up 54% year-over-year.
- Q1 2026 Adjusted EBITDA: $25.0 million, up 96% year-over-year.
- Q1 2026 Net Income: $14.9 million, Diluted EPS: $0.42.
- Raised full-year 2026 revenue growth guidance to ~40% or more.
- New Big Tech engagements expected to generate ~$51 million revenue in 2026.
- Cash, cash equivalents, and short-term investments: $117.4 million.
- Adjusted Gross Margin expanded to 47%.
- Launched Evaluation and Observability Platform, secured first $1M engagement.