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Innodata (INOD) investor relations material
Innodata Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record Q3 2025 revenue of $62.6M, up 20% year-over-year, and $179.3M for the nine months, up 61% year-over-year, with adjusted EBITDA of $16.2M (26% margin) and cash rising to $73.9M.
Net income for Q3 2025 was $8.3M, down from $17.4M a year ago due to a prior tax benefit and higher costs; nine-month net income was $23.3M, up from $18.4M.
Largest customer accounted for 56% of Q3 2025 revenue, highlighting revenue concentration risk.
Company is a key data engineering partner for major technology firms, including five of the "Magnificent Seven."
Six new 2025 investment initiatives, including pre-training data, federal business, sovereign AI, enterprise AI, Agentic AI, and model safety, are already generating significant early returns.
Financial highlights
Q3 2025 revenue: $62.6M (+20% YoY); nine months: $179.3M (+61% YoY).
Adjusted EBITDA: $16.2M in Q3 2025 (26% margin); $42.2M for nine months.
Adjusted gross margin: 44% in Q3 2025; 43% YTD September 2025.
Cash and short-term investments: $73.9M as of September 2025, up from $46.9M at year-end 2024.
SaaS revenue (Agility Media Intelligence): ~10% of total; services: ~90%.
Outlook and guidance
Reiterated guidance of at least 45% year-over-year growth in 2025, targeting $247.2M for the year.
Anticipates transformative growth in 2026, driven by new contracts, strategic vectors, and AI partnerships.
Majority of new pre-training data and federal contracts expected to contribute revenue primarily in 2026.
Management expects existing cash to provide sufficient liquidity for at least the next 12 months.
Anticipated capital expenditures for the next 12 months are approximately $11.0M, focused on software and technology upgrades.
- TimeTickerHeadlineOpen
- 7 Feb514167
Quarterly and nine-month results reflect solid revenue, profit, and compliance with new labour codes. - 7 FebMGL
Strong revenue growth offset by lower margins and profit; interim dividend declared. - 7 FebPGIL
Strong revenue and margin growth, with India set for further expansion and upgraded ratings. - 7 Feb504614
Strong revenue and profit growth in Q3 FY26, led by power and steel segments. - 7 FebCHEMPLASTS
Net losses widened and revenue fell year-over-year amid regulatory and market headwinds. - 7 FebSBIN
Q3 FY26 net profit reached ₹21,028.15 crore, driven by robust income and strategic divestments. - 6 FebHTOO
Resale registration for 71,429 shares via warrant, with proceeds only on exercise; financial risks persist. - 6 FebVSAT
Q3 revenue up 3% to $1.16B, net income $25M, strong cash flow, Ligado boost, satellite focus. - 6 FebWEC
Targets 7–8% EPS growth, $37.5B capex, and coal exit by 2032 amid surging data center demand. - 6 FebBR
Q2 FY26 recurring revenue grew 8% and adjusted EPS guidance was raised to 9-12%.
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