Quarterly ResultMay 7, 2026, 05:12 PM
Innodata Q1 Revenue +54.4% to $90.1M; Net Income +91.3% to $14.9M
AI Summary
Innodata Inc. reported strong financial results for the first quarter ended March 31, 2026, with revenues increasing significantly by 54.4% to $90.1 million and net income attributable to the company surging by 91.3% to $14.9 million. Basic earnings per share also saw substantial growth, rising 84% to $0.46. The company demonstrated robust cash generation, with net cash provided by operating activities more than tripling to $37.3 million, and its cash and cash equivalents balance increased to $117.4 million.
Key Highlights
- Revenues increased 54.4% to $90.1 million for Q1 2026 from $58.3 million in Q1 2025.
- Net income attributable to Innodata Inc. and Subsidiaries rose 91.3% to $14.9 million in Q1 2026.
- Basic EPS grew 84% to $0.46 in Q1 2026 from $0.25 in Q1 2025.
- Diluted EPS increased 90.9% to $0.42 in Q1 2026 from $0.22 in Q1 2025.
- Net cash provided by operating activities surged to $37.3 million in Q1 2026 from $10.8 million in Q1 2025.
- Cash and cash equivalents increased to $117.4 million as of March 31, 2026, from $82.2 million at December 31, 2025.
- Total assets grew to $210.4 million as of March 31, 2026, from $168.6 million at December 31, 2025.
- The effective tax rate for Q1 2026 was 14.1%, up from 7.3% in Q1 2025.
Price Impact
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