Innodata Inc. Q3 2025 Earnings Recap

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.