(INOD) Innodata - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US4576422053

Ai Data Engineering, Medical Record Digitization, Media Outreach Platform

EPS (Earnings per Share)

EPS (Earnings per Share) of INOD over the last years for every Quarter: "2020-09": 0.01, "2020-12": 0.04, "2021-03": 0.01, "2021-06": -0.03, "2021-09": -0.03, "2021-12": -0.04, "2022-03": -0.1, "2022-06": -0.14, "2022-09": -0.12, "2022-12": -0.0716, "2023-03": -0.08, "2023-06": -0.03, "2023-09": 0.0114, "2023-12": 0.0517, "2024-03": 0.0307, "2024-06": -0.0005, "2024-09": 0.51, "2024-12": 0.31, "2025-03": 0.22, "2025-06": 0.2, "2025-09": 0.24,

Revenue

Revenue of INOD over the last years for every Quarter: 2020-09: 14.553, 2020-12: 15.294, 2021-03: 15.967, 2021-06: 17.049, 2021-09: 17.45, 2021-12: 19.289, 2022-03: 21.192, 2022-06: 19.987, 2022-09: 18.447, 2022-12: 19.375, 2023-03: 18.839, 2023-06: 19.655, 2023-09: 22.169, 2023-12: 26.112, 2024-03: 26.504, 2024-06: 32.553, 2024-09: 52.224, 2024-12: 59.18, 2025-03: 58.344, 2025-06: 58.393, 2025-09: 62.55,
Risk via 10d forecast
Volatility 91.7%
Value at Risk 5%th 125%
Relative Tail Risk -17.43%
Reward TTM
Sharpe Ratio 0.66
Alpha -3.01
Character TTM
Hurst Exponent 0.512
Beta 2.579
Beta Downside 2.468
Drawdowns 3y
Max DD 61.84%
Mean DD 23.78%
Median DD 20.55%

Description: INOD Innodata November 12, 2025

Innodata Inc. (NASDAQ: INOD) is a data-engineering services firm operating in the U.S., U.K., Netherlands, Canada and other markets. It is organized into three segments: Digital Data Solutions (DDS), which delivers AI-training data creation, annotation, model deployment and broader data-engineering services; Synodex, which digitizes medical records using proprietary or client-specific data models; and Agility, a platform for marketing, PR and media monitoring that serves banks, insurers, tech firms, digital retailers and media companies. The company, founded in 1988 and renamed from Innodata Isogen in 2012, is headquartered in Ridgefield Park, New Jersey.

As of FY 2023, Innodata reported revenue of approximately $115 million, representing a 7 % year-over-year increase driven primarily by rising demand for AI training data-a market the IDC projects will grow at a 30 % CAGR through 2029. The DDS segment now accounts for roughly 65 % of total revenue, reflecting a broader industry shift toward outsourced data preparation amid tighter AI talent pools. A key economic driver for the company is corporate AI spend, which is expected to exceed $500 billion globally by 2025, while regulatory pressures around data privacy (e.g., GDPR, CCPA) boost demand for compliance-focused services like master data management.

If you’re interested in a deeper quantitative assessment of INOD’s valuation and risk profile, the ValueRay platform provides a transparent, data-driven framework that can help you evaluate the stock’s upside potential.

INOD Stock Overview

Market Cap in USD 1,640m
Sub-Industry Data Processing & Outsourced Services
IPO / Inception 1993-08-10
Return 12m vs S&P 500 10.7%
Analyst Rating 4.60 of 5

INOD Dividends

Currently no dividends paid

INOD Growth Ratios

Metric Value
CAGR 3y 167.69%
CAGR/Max DD Calmar Ratio 2.71
CAGR/Mean DD Pain Ratio 7.05
Current Volume 1406k
Average Volume 1374.2k

Piotroski VR‑10 (Strict, 0-10) 8.0

Net Income (33.6m TTM) > 0 and > 6% of Revenue (6% = 14.3m TTM)
FCFTA 0.27 (>2.0%) and ΔFCFTA 14.10pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 31.14% (prev 18.19%; Δ 12.95pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.33 (>3.0%) and CFO 51.2m > Net Income 33.6m (YES >=105%, WARN >=100%)
Net Debt (-69.2m) to EBITDA (46.7m) ratio: -1.48 <= 3.0 (WARN <= 3.5)
Current Ratio 2.67 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (35.3m) change vs 12m ago 3.70% (target <= -2.0% for YES)
Gross Margin 41.57% (prev 37.03%; Δ 4.54pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 197.8% (prev 155.8%; Δ 42.00pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 71.39 (EBITDA TTM 46.7m / Interest Expense TTM 577.0k) >= 6 (WARN >= 3)

Altman Z'' 7.16

(A) 0.49 = (Total Current Assets 118.8m - Total Current Liabilities 44.5m) / Total Assets 152.9m
(B) 0.28 = Retained Earnings (Balance) 42.3m / Total Assets 152.9m
(C) 0.34 = EBIT TTM 41.2m / Avg Total Assets 120.5m
(D) 0.73 = Book Value of Equity 40.9m / Total Liabilities 55.7m
Total Rating: 7.16 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 89.49

1. Piotroski 8.0pt
2. FCF Yield 2.59%
3. FCF Margin 17.07%
4. Debt/Equity 0.05
5. Debt/Ebitda -1.48
6. ROIC - WACC (= 19.44)%
7. RoE 41.66%
8. Rev. Trend 95.89%
9. EPS Trend 74.73%

What is the price of INOD shares?

As of November 25, 2025, the stock is trading at USD 56.93 with a total of 1,405,953 shares traded.
Over the past week, the price has changed by +1.35%, over one month by -25.73%, over three months by +50.53% and over the past year by +25.42%.

Is INOD a buy, sell or hold?

Innodata has received a consensus analysts rating of 4.60. Therefore, it is recommended to buy INOD.
  • Strong Buy: 3
  • Buy: 2
  • Hold: 0
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the INOD price?

Issuer Target Up/Down from current
Wallstreet Target Price 93.8 64.7%
Analysts Target Price 93.8 64.7%
ValueRay Target Price 75.7 32.9%

INOD Fundamental Data Overview November 25, 2025

Market Cap USD = 1.64b (1.64b USD * 1.0 USD.USD)
P/E Trailing = 50.9505
P/E Forward = 37.8788
P/S = 6.8754
P/B = 16.8499
Beta = 2.364
Revenue TTM = 238.5m USD
EBIT TTM = 41.2m USD
EBITDA TTM = 46.7m USD
Long Term Debt = 4.68m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 1.12m USD (from shortTermDebt, last quarter)
Debt = 4.68m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -69.2m USD (from netDebt column, last quarter)
Enterprise Value = 1.57b USD (1.64b + Debt 4.68m - CCE 73.9m)
Interest Coverage Ratio = 71.39 (Ebit TTM 41.2m / Interest Expense TTM 577.0k)
FCF Yield = 2.59% (FCF TTM 40.7m / Enterprise Value 1.57b)
FCF Margin = 17.07% (FCF TTM 40.7m / Revenue TTM 238.5m)
Net Margin = 14.11% (Net Income TTM 33.6m / Revenue TTM 238.5m)
Gross Margin = 41.57% ((Revenue TTM 238.5m - Cost of Revenue TTM 139.3m) / Revenue TTM)
Gross Margin QoQ = 41.39% (prev 39.80%)
Tobins Q-Ratio = 10.27 (Enterprise Value 1.57b / Total Assets 152.9m)
Interest Expense / Debt = 12.34% (Interest Expense 577.0k / Debt 4.68m)
Taxrate = 31.51% (3.84m / 12.2m)
NOPAT = 28.2m (EBIT 41.2m * (1 - 31.51%))
Current Ratio = 2.67 (Total Current Assets 118.8m / Total Current Liabilities 44.5m)
Debt / Equity = 0.05 (Debt 4.68m / totalStockholderEquity, last quarter 97.3m)
Debt / EBITDA = -1.48 (Net Debt -69.2m / EBITDA 46.7m)
Debt / FCF = -1.70 (Net Debt -69.2m / FCF TTM 40.7m)
Total Stockholder Equity = 80.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 22.00% (Net Income 33.6m / Total Assets 152.9m)
RoE = 41.66% (Net Income TTM 33.6m / Total Stockholder Equity 80.8m)
RoCE = 48.22% (EBIT 41.2m / Capital Employed (Equity 80.8m + L.T.Debt 4.68m))
RoIC = 34.94% (NOPAT 28.2m / Invested Capital 80.8m)
WACC = 15.50% (E(1.64b)/V(1.64b) * Re(15.52%) + D(4.68m)/V(1.64b) * Rd(12.34%) * (1-Tc(0.32)))
Discount Rate = 15.52% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 5.01%
[DCF Debug] Terminal Value 60.81% ; FCFE base≈28.8m ; Y1≈35.6m ; Y5≈60.7m
Fair Price DCF = 12.53 (DCF Value 399.1m / Shares Outstanding 31.9m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 74.73 | EPS CAGR: 199.9% | SUE: 0.81 | # QB: 0
Revenue Correlation: 95.89 | Revenue CAGR: 53.14% | SUE: 0.46 | # QB: 0

Additional Sources for INOD Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle