# Innodata share price today (Innodata Inc., INOD)

> Innodata Inc.'s results are improving, while its P/E is near the low end of its own history over 2.6 years, higher than only 4% of past readings. INOD · Technology · Information Technology Services · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/inod

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## Key numbers

- Price: $41.90 (−43.8% in a year)
- P/E: 31.1× (lower than 96% of the last 2.6 years)
- Revenue (Jun 2026): $92.1 M (+57.8% on a year ago)
- Profit (Jun 2026): $14.4 M (+99.6% on a year ago)
- Operating margin: 17.2% (+1.9 points on a year ago)
- ROE: 30%, FY25
- ROIC: 122.9%, against a 21.0% cost of capital: +101.9 points
- Profit that came in as cash: 134%, last 2 years

The main question: yearly earnings per share moved +3.4% while the share price moved −43.8%. ## What is the Innodata share price today? Innodata Inc.'s share price was $41.90 at the close on 3 November 2026. It has been moving sideways for 4 weeks. That is 31.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between $36 and $105, and at that close it sat 9% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 2 weeks running. Over the last 10 years the share price moved +1,722% while the S&P 500 moved +255%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Innodata pay? Innodata Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Innodata on? Innodata is on one of our US lists: US tech stocks. [US tech stocks](https://www.sectoralpha.in/us-tech-stocks)

## Is Innodata profitable? Innodata Inc. earned $14.4 M of net profit in the Jun 2026 quarter, +99.6% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY25 profit was $32.2 M. That is 15.6% of the quarter's revenue. The same quarter a year earlier earned $7.2 M. 1 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $32.2 M (+12.3% on the year before). Why profit moved: revenue changed +57.8% on a year earlier and the margin moved +1.9 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +31.2% and revenue +38.6%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Innodata make, and is it growing? Innodata Inc. reported $92.1 M of revenue in the Jun 2026 quarter, +57.8% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 4 years it has grown 37.8% a year on average. The last full year, FY25, came in at $252 M. The last four reported quarters add to $317 M. FY25 revenue was $252 M, +47.6% on the year before. Recent pace: the last four quarters grew +38.6% on average, against 37.8% a year over the longer run, so this year is growing at about the same pace as its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +39.0%, against +71.9% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +8.9%, against +293.8% a year (rolling over). ## How much of every $100 of sales does Innodata keep? Innodata Inc.'s operating margin was 17.2% in the Jun 2026 quarter, 1.9 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between −13.3% and 15.8%. The latest quarter is above every full year in that period. Across 5 years it has been between −13.3% and 15.8%, and FY25's 15.8% is the highest of them. Why the margin moved: operating margin changed +1.9 percentage points on the year while gross margin changed +6.7 points. So the gain came mostly from the gross margin, which means input costs and prices charged. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. ## Is Innodata's profit turning into cash? Over the last 2 years, 134% of Innodata Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $46.8 M of operating cash against $32.2 M of profit. After $11.1 M of spending on assets, $35.6 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Innodata's cash go? Innodata Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $24.4 M on assets over the last 3 years. Averaged over those years that is 3.2% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $24.4 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Innodata's P/E ratio, and how does it compare with its own history? Innodata Inc.'s P/E is 31.1×, near the low end of its own history: it has been lower only 4% of the time. Its usual P/E (the middle reading) is 52.9×, over 2.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Why the multiple is where it is: over the past year earnings per share moved +3.4% while the price moved −43.8%. Earnings did better than the price, which pulled the multiple down within its own range. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Innodata business getting better or worse? Innodata Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Innodata earn on its capital? Innodata Inc. earned a ROE of 30% in FY25. That is up from a low of −66% in FY22. Its return on capital used (ROIC) is 101.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 12.8% net margin and 1.49× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 12.8% net margin × 1.49× asset turnover × 1.57× leverage (assets divided by equity) ≈ 29.9% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 122.9% − 21.0% = +101.9 percentage points. The 21.0% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. ## Does Innodata have too much debt? Innodata Inc. has total debt of $3.8 M against shareholder equity of $160 M as of Jun 2026, so its debt is 0.02× its equity, which is very little. Year by year, that ratio went from 0.24 in FY21 to 0.04 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the Innodata shareholding pattern? 13.7% of Innodata Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 2.8 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Innodata from balance-sheet trouble? For Innodata Inc., the Z-score is 8.02. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 8.02 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Innodata rank in its industry? There is no score against its industry: Innodata Inc. is not among the largest members shown in this industry comparison for Information Technology Services. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is Innodata compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to Innodata in size? Innodata is the 34th largest of 52 Information Technology Services companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Formula Systems (1985), Concentrix Corporation and Mega Fortune Company. Just below it: Everforth, Inc., Keel Infrastructure Corp. and Clarivate Plc. ### Information Technology Services companies close in size

1. [Formula Systems (1985) Ltd.](https://www.sectoralpha.in/us/stocks/forty) $1.8 billion
2. [Concentrix Corporation](https://www.sectoralpha.in/us/stocks/cnxc) $1.8 billion
3. [Mega Fortune Company Limited](https://www.sectoralpha.in/us/stocks/mgrt) $1.6 billion
4. Innodata Inc. $1.4 billion
5. [Everforth, Inc.](https://www.sectoralpha.in/us/stocks/efor) $1.4 billion
6. [Keel Infrastructure Corp.](https://www.sectoralpha.in/us/stocks/keel) $1.4 billion
7. [Clarivate Plc](https://www.sectoralpha.in/us/stocks/clvt) $1.3 billion

[All 52 Information Technology Services companies, largest first](https://www.sectoralpha.in/us/sectors/information-technology-services#all-companies)

### Companies close in size in other industries

1. [Alkami Technology, Inc.](https://www.sectoralpha.in/us/stocks/alkt) $1.4 billion · Software - Application
2. [Arcos Dorados Holdings Inc.](https://www.sectoralpha.in/us/stocks/arco) $1.4 billion · Restaurants
3. Innodata Inc. $1.4 billion
4. [Permian Basin Royalty Trust](https://www.sectoralpha.in/us/stocks/pbt) $1.4 billion · Oil & Gas Midstream
5. [Empire State Realty Trust, Inc.](https://www.sectoralpha.in/us/stocks/esrt) $1.4 billion · REIT - Diversified

## What else do people ask about Innodata? ### What were Innodata's latest quarterly results? Innodata Inc. reported revenue of $92.1 M and net profit of $14.4 M for the Jun 2026 quarter. Revenue rose 57.8% and profit rose 99.6% compared with a year earlier. Earnings per share were $0.41. The operating margin was 17.2%, 1.9 percentage points higher than a year earlier (as of 3 November 2026). ### What is Innodata's market cap? Innodata Inc.'s market capitalisation is $1.4 B at a stock price of $41.90. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Innodata performing? Innodata Inc.'s share price has been moving sideways for 4 weeks. In its latest quarter, revenue rose 57.8% and profit rose 99.6% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 2 weeks running (as of 3 November 2026). ### Will Innodata's stock price go up? This page does not forecast Innodata Inc.'s stock price. What it shows instead: the stock price is $41.90, and it has been moving sideways for 4 weeks. Its P/E of 31.1× is higher than 4% of its own last 3 years (as of 3 November 2026). ### Where is Innodata in its business cycle? Innodata Inc.'s FY25 operating margin was 15.8%, against a 5-year range of −13.3% to 15.8%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 17.2%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Innodata story? The main question: yearly earnings per share moved +3.4% while the share price moved −43.8%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Innodata a stock worth studying right now? What the numbers show: Innodata Inc.'s results are improving, while its P/E is near the low end of its own history over 2.6 years, higher than only 4% of past readings. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- US tech stocks: https://www.sectoralpha.in/us-tech-stocks

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