Innodata Inc. Earnings Recaps
Q3 2025
Nov 9, 2025
Innodata reported a record Q3 2025 with revenues of $62.6 million, reflecting strong organic growth and adjusted EBITDA margin expansion, while reaffirming its aggressive growth trajectory for 2026.
Key takeaways
- Achieved 20% year-over-year organic revenue growth and 7% sequential growth, exceeding analyst expectations.
- Adjusted EBITDA of $16.2 million represents 26% of revenue, marking a 23% increase sequentially.
- Cash position improved to $73.9 million, with a $27 million increase since year-end.
- Significant deal momentum with large tech customers, including potential $6.5 million revenue expansion with a key client.
- Launched Innodata Federal, targeting substantial opportunities in government AI solutions with a projected initial revenue of $25 million primarily in 2026.