Innodata (INOD) Financials

$35.16 -1.93 (-5.20%)

As of 04/14/2025 04:00 PM Eastern

Annual Income Statements for Innodata

This table shows Innodata's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-0.97	-2.83	-5.52	-5.06	-0.25	-2.14	0.62	-1.67	-12	-0.91	29
Consolidated Net Income / (Loss)	-1.93	-3.38	-5.91	-5.36	-0.25	-2.16	0.64	-1.81	-12	-0.89	29
Net Income / (Loss) Continuing Operations	-1.93	-3.38	-5.91	-5.36	-0.25	-2.16	0.64	-1.81	-12	-0.89	29
Total Pre-Tax Income	-1.52	-2.18	-4.79	-5.07	1.56	-1.07	1.05	-0.96	-10	0.14	24
Total Operating Income	-1.62	-2.21	-4.72	-5.10	1.60	-0.95	1.18	-1.65	-10	0.32	24
Total Gross Profit	59	59	63	61	57	56	58	70	79	87	170
Total Revenue	59	59	63	61	57	56	58	70	79	87	170
Operating Revenue	59	59	63	61	57	56	58	70	79	87	170
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	61	61	68	66	56	57	57	71	89	86	146
Selling, General & Admin Expense	16	17	20	20	16	19	19	28	38	31	43
Other Operating Expenses / (Income)	44	44	47	46	39	37	38	43	52	55	103
Total Other Income / (Expense), net	0.10	0.03	-0.06	0.02	-0.03	-0.12	-0.14	0.69	-0.01	-0.18	0.15
Interest & Investment Income	0.10	0.03	-0.06	0.02	-0.03	-0.12	-0.14	0.11	-0.01	-0.18	0.15
Income Tax Expense	0.41	1.20	1.13	0.29	1.81	1.09	0.40	0.84	1.52	1.03	-4.19
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.95	-0.56	-0.39	-0.30	0.01	-0.02	0.03	-0.13	-0.07	0.02	0.02
Basic Earnings per Share	($0.04)	($0.11)	($0.22)	$0.20	$0.01	($0.08)	$0.03	($0.06)	($0.44)	($0.03)	$0.98
Weighted Average Basic Shares Outstanding	25.23M	25.40M	25.54M	25.82M	25.88M	25.77M	24.61M	26.63M	27.28M	28.13M	29.16M
Diluted Earnings per Share	($0.04)	($0.11)	($0.22)	$0.20	$0.01	($0.08)	$0.02	($0.06)	($0.44)	($0.03)	$0.89
Weighted Average Diluted Shares Outstanding	25.23M	25.40M	25.54M	25.82M	25.88M	25.77M	25.57M	26.63M	27.28M	28.13M	32.18M
Weighted Average Basic & Diluted Shares Outstanding	25.23M	25.40M	25.54M	25.82M	25.88M	25.77M	25.86M	27.16M	27.40M	28.75M	31.30M
Cash Dividends to Common per Share	-	-	-	-	-	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00

This table shows Innodata's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-3.33	-1.96	-2.12	-0.82	0.37	1.65	0.99	-0.01	17	10
Consolidated Net Income / (Loss)	-3.33	-1.96	-2.11	-0.82	0.38	1.66	0.99	-0.01	17	10
Net Income / (Loss) Continuing Operations	-3.33	-1.96	-2.11	-0.82	0.38	1.66	0.99	-0.01	17	10
Total Pre-Tax Income	-3.06	-1.73	-1.90	-0.63	0.76	1.90	1.41	0.28	11	11
Total Operating Income	-3.06	-1.72	-1.83	-0.63	0.82	1.96	1.33	0.33	11	11
Total Gross Profit	18	19	19	20	22	26	27	33	52	59
Total Revenue	18	19	19	20	22	26	27	33	52	59
Operating Revenue	18	19	19	20	22	26	27	33	52	59
Total Operating Expenses	22	21	21	20	21	24	25	32	41	48
Selling, General & Admin Expense	9.12	8.36	7.80	7.57	7.40	8.20	8.31	9.02	9.91	16
Other Operating Expenses / (Income)	12	13	13	13	14	16	17	23	31	32
Total Other Income / (Expense), net	0.00	-0.01	-0.06	0.01	-0.07	-0.06	0.08	-0.06	0.03	0.09
Interest & Investment Income	0.00	-0.01	-0.06	0.01	-0.07	-0.06	0.08	-0.06	0.03	0.09
Income Tax Expense	0.27	0.23	0.22	0.19	0.37	0.25	0.42	0.29	-5.94	1.05
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.01	0.00	0.01
Basic Earnings per Share	($0.12)	($0.08)	($0.08)	($0.03)	$0.01	$0.07	$0.03	$0.00	$0.60	$0.35
Weighted Average Basic Shares Outstanding	27.33M	27.28M	27.46M	27.86M	28.46M	28.13M	28.75M	28.88M	28.99M	29.16M
Diluted Earnings per Share	($0.12)	($0.08)	($0.08)	($0.03)	$0.01	$0.07	$0.03	$0.00	$0.51	$0.35
Weighted Average Diluted Shares Outstanding	27.33M	27.28M	27.46M	27.86M	32.46M	28.13M	32.24M	28.88M	34.01M	32.18M
Weighted Average Basic & Diluted Shares Outstanding	27.38M	27.40M	27.55M	28.30M	28.71M	28.75M	28.75M	28.99M	29.00M	31.30M

This table details how cash moves in and out of Innodata's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-0.54	0.69	-11	-2.77	-0.54	0.01	6.70	1.33	-9.11	4.01	33
Net Cash From Operating Activities	4.61	2.66	-2.74	0.64	3.57	4.28	5.66	5.15	-1.22	5.90	35
Net Cash From Continuing Operating Activities	4.61	2.66	-2.74	0.64	3.57	4.28	5.66	5.15	-1.22	5.90	35
Net Income / (Loss) Continuing Operations	-1.93	-3.38	-5.91	-5.36	-0.25	-2.16	0.64	-1.81	-12	-0.89	29
Consolidated Net Income / (Loss)	-1.93	-3.38	-5.91	-5.36	-0.25	-2.16	0.64	-1.81	-12	-0.89	29
Depreciation Expense	3.05	2.77	3.20	3.67	3.37	2.70	2.27	2.87	3.89	4.72	5.80
Non-Cash Adjustments To Reconcile Net Income	2.21	1.76	1.40	0.80	1.91	1.17	1.75	1.68	4.83	5.50	6.04
Changes in Operating Assets and Liabilities, net	1.28	1.51	-1.42	1.52	-1.47	2.57	1.00	2.41	2.07	-3.42	-5.50
Net Cash From Investing Activities	-5.41	-0.70	-6.97	-3.41	-2.03	-1.67	-1.38	-4.37	-7.03	-5.07	-7.74
Net Cash From Continuing Investing Activities	-5.41	-0.70	-6.97	-3.41	-2.03	-1.67	-1.38	-4.37	-7.03	-5.07	-7.74
Purchase of Property, Plant & Equipment	-2.03	-0.70	-2.74	-3.41	-2.03	-1.67	-1.41	-4.37	-6.53	-5.56	-7.74
Sale and/or Maturity of Investments	-	-	-	-	-	-	-	-	-0.51	0.49	0.00
Net Cash From Financing Activities	0.42	-1.13	-0.84	-0.28	-2.03	-2.40	2.31	0.77	-0.31	2.87	6.06
Net Cash From Continuing Financing Activities	0.42	-1.13	-0.84	-0.28	-2.03	-2.40	2.31	0.77	-0.31	2.87	6.06
Repayment of Debt	-0.79	-0.93	-0.70	-1.08	-2.03	-0.57	-0.86	-0.69	-0.64	-0.45	-0.51
Other Financing Activities, net	0.35	0.00	-	-	-	0.01	2.60	1.46	0.33	3.32	6.57
Effect of Exchange Rate Changes	-0.16	-0.14	-0.20	0.29	-0.05	-0.21	0.10	-0.23	-0.55	0.31	-0.26
Cash Interest Paid	-	-	-	-	-	0.13	0.14	0.03	0.02	0.40	0.29
Cash Income Taxes Paid	0.96	1.06	1.31	1.09	0.68	0.96	0.35	1.54	1.11	0.75	2.42

This table details how cash moves in and out of Innodata's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	0.25	-0.94	0.54	3.32	1.16	-1.01	5.17	-2.47	9.86	21
Net Cash From Operating Activities	2.21	0.44	1.78	2.40	1.61	0.11	6.77	-0.45	11	17
Net Cash From Continuing Operating Activities	2.21	0.44	1.78	2.40	1.61	0.11	6.77	-0.45	11	17
Net Income / (Loss) Continuing Operations	-3.33	-1.96	-2.11	-0.82	0.38	1.66	0.99	-0.01	17	10
Consolidated Net Income / (Loss)	-3.33	-1.96	-2.11	-0.82	0.38	1.66	0.99	-0.01	17	10
Depreciation Expense	1.01	1.05	1.09	1.15	1.24	1.24	1.27	1.42	1.54	1.58
Non-Cash Adjustments To Reconcile Net Income	1.08	1.76	1.12	1.40	1.27	1.71	1.34	1.08	1.41	2.21
Changes in Operating Assets and Liabilities, net	3.45	-0.41	1.69	0.67	-1.28	-4.49	3.17	-2.94	-8.96	3.24
Net Cash From Investing Activities	-1.62	-1.78	-1.71	-0.81	-1.31	-1.25	-1.34	-2.73	-1.46	-2.22
Net Cash From Continuing Investing Activities	-1.62	-1.78	-1.71	-0.81	-1.31	-1.25	-1.34	-2.73	-1.46	-2.22
Purchase of Property, Plant & Equipment	-1.62	-1.27	-1.70	-1.31	-1.31	-1.24	-1.34	-2.73	-1.46	-2.22
Net Cash From Financing Activities	0.06	-0.07	0.25	1.74	0.84	0.04	-0.29	0.68	-0.20	5.86
Net Cash From Continuing Financing Activities	0.06	-0.07	0.25	1.74	0.84	0.04	-0.29	0.68	-0.20	5.86
Repayment of Debt	-0.03	-0.13	-0.07	-0.12	-0.14	-0.12	-0.29	-0.00	-0.22	0.00
Other Financing Activities, net	0.10	0.06	0.32	1.86	0.98	0.17	0.00	0.69	0.03	5.86
Effect of Exchange Rate Changes	-0.41	0.47	0.21	-0.00	0.02	0.08	0.03	0.03	0.13	-0.45
Cash Interest Paid	-0.00	0.02	0.09	0.04	0.16	0.11	0.07	0.10	0.02	0.10
Cash Income Taxes Paid	0.28	0.13	0.02	0.36	0.12	0.25	0.16	0.30	0.31	1.65

This table presents Innodata's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	55	51	48	48	45	49	57	59	48	59	113
Total Current Assets	38	37	27	25	26	24	32	34	24	32	81
Cash & Equivalents	24	25	14	11	11	11	18	19	9.79	14	47
Short-Term Investments	-	-	-	-	-	-	-	0.00	0.51	0.01	0.01
Accounts Receivable	10	9.25	9.95	10	11	9.72	10	11	9.53	14	28
Prepaid Expenses	3.02	2.90	3.12	3.63	4.67	3.41	4.24	3.68	3.86	3.97	6.09
Plant, Property, & Equipment, net	5.92	4.72	5.40	7.19	6.81	6.89	1.85	2.95	2.51	2.28	4.10
Total Noncurrent Assets	11	9.46	15	15	12	19	24	22	22	25	28
Goodwill	1.64	1.48	2.73	2.83	2.05	2.11	2.15	2.14	2.04	2.08	2.00
Intangible Assets	5.26	3.99	8.19	7.61	6.28	5.48	10	10	13	14	13
Noncurrent Deferred & Refundable Income Taxes	1.40	1.66	1.64	1.76	1.20	1.91	2.19	1.95	1.48	1.74	7.49
Other Noncurrent Operating Assets	2.72	2.33	2.38	3.16	2.44	9.12	9.17	7.87	5.81	7.50	5.51
Total Liabilities & Shareholders' Equity	55	51	48	48	45	49	57	59	48	59	113
Total Liabilities	19	17	17	21	19	27	31	33	30	34	50
Total Current Liabilities	12	12	13	16	14	16	18	21	21	23	40
Accounts Payable	1.27	1.25	1.02	1.87	1.83	1.42	1.44	1.82	2.63	2.66	4.55
Accrued Expenses	3.43	3.31	4.33	3.76	2.80	3.34	3.49	7.56	7.25	3.06	4.89
Current Deferred Revenue	-	-	-	-	-	-	-	-	-	3.52	8.01
Current Deferred & Payable Income Tax Liabilities	1.40	1.26	1.33	1.10	3.24	4.18	5.00	3.21	3.23	3.85	5.70
Current Employee Benefit Liabilities	4.46	4.91	5.04	5.54	4.49	4.27	5.72	6.39	6.14	7.80	14
Other Current Liabilities	-	-	-	-	-	1.11	0.99	1.03	1.57	2.04	2.52
Total Noncurrent Liabilities	6.42	4.23	4.60	5.09	4.63	12	13	12	9.18	12	11
Noncurrent Deferred & Payable Income Tax Liabilities	0.88	0.79	0.68	0.61	0.57	0.36	0.04	0.02	0.07	0.02	0.03
Other Noncurrent Operating Liabilities	-	-	-	-	-	6.73	6.33	5.28	9.12	11	11
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-2.95	-3.51	-3.63	-3.94	-3.40	-3.42	-3.39	-3.52	-0.73	-0.71	-0.08
Total Equity & Noncontrolling Interests	39	38	34	31	30	26	30	30	19	26	63
Total Preferred & Common Equity	39	38	34	31	30	26	30	30	19	26	63
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00
Total Common Equity	39	38	34	31	30	26	30	30	19	26	63
Common Stock	23	25	26	28	28	29	32	35	36	43	53
Retained Earnings	21	18	12	7.35	6.60	4.22	4.83	3.16	-8.78	-9.68	19
Treasury Stock	-4.29	-4.49	-4.62	-4.62	-4.62	-6.47	-6.47	-6.47	-6.47	-6.47	-6.47
Accumulated Other Comprehensive Income / (Loss)	-0.29	-0.08	-0.32	0.85	-0.02	-0.92	-0.94	-2.19	-2.11	-1.62	-2.47

This table presents Innodata's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	48	49	52	56	64	66	88
Total Current Assets	24	23	26	29	37	38	55
Cash & Equivalents	11	10	14	15	19	17	26
Short-Term Investments	-	0.51	0.01	0.01	0.01	0.01	0.01
Accounts Receivable	9.37	8.46	8.36	11	14	18	23
Prepaid Expenses	3.82	4.19	3.84	3.83	3.82	3.65	5.22
Plant, Property, & Equipment, net	2.72	2.59	2.43	2.37	2.14	3.27	3.33
Total Noncurrent Assets	21	23	23	25	25	24	30
Goodwill	1.98	2.04	2.07	2.03	2.06	2.04	2.08
Intangible Assets	12	13	13	13	14	14	14
Noncurrent Deferred & Refundable Income Taxes	1.53	1.58	1.59	1.55	1.85	1.74	7.89
Other Noncurrent Operating Assets	5.71	6.36	6.17	7.69	6.83	6.68	6.21
Total Liabilities & Shareholders' Equity	48	49	52	56	64	66	88
Total Liabilities	31	31	32	34	37	38	41
Total Current Liabilities	21	21	21	23	25	26	30
Accounts Payable	2.95	2.23	2.72	2.42	2.09	3.73	3.49
Accrued Expenses	6.74	6.84	5.22	8.12	3.19	5.35	4.20
Current Deferred Revenue	-	-	-	-	6.67	4.77	6.50
Current Deferred & Payable Income Tax Liabilities	2.99	3.58	5.00	3.43	4.06	3.91	3.96
Current Employee Benefit Liabilities	6.91	6.77	6.80	7.15	7.30	6.64	9.62
Other Current Liabilities	0.74	1.75	1.65	1.79	1.96	1.98	2.02
Total Noncurrent Liabilities	9.83	10	10	11	11	11	11
Noncurrent Deferred & Payable Income Tax Liabilities	0.02	0.06	0.02	0.02	0.08	0.09	0.03
Other Noncurrent Operating Liabilities	3.93	10	10	11	11	11	11
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-0.73	-0.72	-0.72	-0.71	-0.71	-0.70	-0.70
Total Equity & Noncontrolling Interests	18	18	21	23	28	29	48
Total Preferred & Common Equity	18	18	21	23	28	29	48
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	18	18	21	23	28	29	48
Common Stock	35	37	40	42	45	46	47
Retained Earnings	-6.82	-11	-12	-11	-8.69	-8.71	8.68
Treasury Stock	-6.47	-6.47	-6.47	-6.47	-6.47	-6.47	-6.47
Accumulated Other Comprehensive Income / (Loss)	-4.09	-1.63	-1.46	-1.62	-1.79	-2.04	-1.57

This table displays calculated financial ratios and metrics derived from Innodata's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.05%	-0.94%	7.78%	-3.40%	-5.76%	-2.72%	4.26%	19.77%	13.26%	9.84%	96.44%
EBITDA Growth	138.35%	-60.80%	-372.19%	6.81%	449.19%	-64.80%	97.03%	-47.82%	-466.13%	176.47%	498.57%
EBIT Growth	78.13%	-36.97%	-113.47%	-7.94%	131.29%	-159.44%	224.47%	-190.76%	-877.78%	103.04%	7,552.83%
NOPAT Growth	79.02%	-36.97%	-113.47%	-7.94%	92.96%	-164.17%	209.58%	-258.93%	-534.28%	72.25%	1,501.32%
Net Income Growth	84.99%	-75.70%	-74.67%	9.34%	95.41%	-777.64%	129.83%	-380.28%	-565.10%	92.59%	3,325.53%
EPS Growth	90.70%	-175.00%	-100.00%	190.91%	-95.00%	-900.00%	125.00%	-400.00%	-633.33%	93.18%	3,066.67%
Operating Cash Flow Growth	642.83%	-42.36%	-202.86%	123.36%	458.22%	19.99%	32.24%	-8.99%	-123.61%	585.44%	493.17%
Free Cash Flow Firm Growth	-232.17%	160.90%	-434.63%	35.44%	135.83%	48.05%	-60.95%	-59.38%	-115.19%	-6,866.62%	524.46%
Invested Capital Growth	22.55%	-22.85%	41.85%	12.22%	-10.39%	-18.54%	-3.16%	-10.03%	-48.35%	44.25%	47.58%
Revenue Q/Q Growth	0.77%	-0.63%	0.24%	-0.03%	-1.17%	-0.53%	1.07%	6.08%	0.11%	8.42%	24.07%
EBITDA Q/Q Growth	-18.83%	16.63%	-33.01%	-569.64%	119.38%	-7.41%	33.36%	-43.69%	-5.50%	330.26%	46.99%
EBIT Q/Q Growth	-45.50%	12.50%	-17.81%	-47.18%	233.36%	8.23%	332.23%	-280.61%	-5.87%	109.46%	61.78%
NOPAT Q/Q Growth	-45.50%	12.50%	-17.81%	-47.18%	70.00%	8.23%	120.01%	-383.52%	-5.87%	13.58%	42.28%
Net Income Q/Q Growth	-102.31%	-9.59%	-5.74%	-25.27%	88.75%	-14.90%	162.83%	-391.13%	-6.39%	80.26%	43.17%
EPS Q/Q Growth	0.00%	-22.22%	-4.76%	225.00%	-96.88%	-300.00%	118.18%	0.00%	-10.00%	83.33%	45.90%
Operating Cash Flow Q/Q Growth	-6.71%	147.81%	-274.66%	242.63%	2.47%	-3.84%	12.23%	-8.82%	43.47%	-5.29%	96.74%
Free Cash Flow Firm Q/Q Growth	26.55%	177.02%	-36.09%	1.27%	-15.62%	30.85%	189.26%	-67.54%	98.80%	-275.25%	244.86%
Invested Capital Q/Q Growth	6.52%	-2.74%	8.26%	1.64%	6.95%	4.02%	16.26%	14.00%	-39.44%	52.60%	-20.06%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	2.42%	0.96%	-2.42%	-2.34%	8.65%	3.13%	5.92%	2.58%	-8.33%	5.80%	17.68%
Operating Margin	-2.73%	-3.78%	-7.49%	-8.37%	2.78%	-1.70%	2.03%	-2.37%	-13.26%	0.37%	14.28%
EBIT Margin	-2.73%	-3.78%	-7.49%	-8.37%	2.78%	-1.70%	2.03%	-1.54%	-13.26%	0.37%	14.28%
Profit (Net Income) Margin	-3.26%	-5.78%	-9.37%	-8.80%	-0.43%	-3.87%	1.11%	-2.59%	-15.20%	-1.02%	16.82%
Tax Burden Percent	126.71%	155.16%	123.53%	105.62%	-15.75%	202.15%	61.63%	187.44%	114.52%	-639.57%	117.11%
Interest Burden Percent	94.12%	98.60%	101.33%	99.55%	97.93%	112.66%	88.56%	89.92%	100.11%	43.71%	100.61%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	115.75%	0.00%	38.37%	0.00%	0.00%	739.57%	-17.11%
Return on Invested Capital (ROIC)	-6.48%	-9.10%	-18.45%	-16.00%	-1.12%	-3.46%	4.29%	-7.30%	-64.45%	-21.50%	206.03%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.27%	0.83%	-0.50%	12.14%	-1.24%	25.92%	5.44%	-1.11%	-21.38%	-30.99%	205.45%
Return on Net Nonoperating Assets (RNNOA)	1.18%	-0.43%	0.22%	-2.70%	0.21%	-5.44%	-1.63%	0.44%	10.44%	17.37%	-141.14%
Return on Equity (ROE)	-5.31%	-9.54%	-18.23%	-18.69%	-0.92%	-8.90%	2.66%	-6.86%	-54.01%	-4.13%	64.89%
Cash Return on Invested Capital (CROIC)	-26.75%	16.70%	-53.06%	-27.52%	9.83%	16.98%	7.50%	3.26%	-0.69%	-57.73%	167.59%
Operating Return on Assets (OROA)	-3.08%	-4.17%	-9.56%	-10.68%	3.44%	-2.01%	2.21%	-1.84%	-19.53%	0.59%	28.15%
Return on Assets (ROA)	-3.67%	-6.38%	-11.96%	-11.23%	-0.53%	-4.57%	1.21%	-3.10%	-22.39%	-1.65%	33.17%
Return on Common Equity (ROCE)	-5.79%	-10.40%	-20.24%	-21.16%	-1.04%	-10.15%	3.04%	-7.76%	-59.18%	-4.27%	65.47%
Return on Equity Simple (ROE_SIMPLE)	-4.91%	-8.86%	-17.50%	-17.22%	-0.83%	-8.46%	2.17%	-6.03%	-63.95%	-3.46%	45.18%
Net Operating Profit after Tax (NOPAT)	-1.13	-1.55	-3.31	-3.57	-0.25	-0.66	0.73	-1.16	-7.33	-2.03	29
NOPAT Margin	-1.91%	-2.65%	-5.24%	-5.86%	-0.44%	-1.19%	1.25%	-1.66%	-9.28%	-2.34%	16.72%
Net Nonoperating Expense Percent (NNEP)	-4.22%	-9.93%	-17.95%	-28.14%	0.12%	-29.38%	-1.15%	-6.19%	-43.07%	9.49%	0.57%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-7.91%	44.90%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	27.78%	28.70%	30.98%	33.15%	27.60%	34.88%	32.04%	40.01%	48.02%	35.70%	25.07%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	102.73%	103.78%	107.49%	108.37%	97.22%	101.70%	97.97%	102.37%	113.26%	99.63%	85.72%
Earnings before Interest and Taxes (EBIT)	-1.62	-2.21	-4.72	-5.10	1.60	-0.95	1.18	-1.07	-10	0.32	24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.43	0.56	-1.53	-1.42	4.97	1.75	3.45	1.80	-6.58	5.03	30
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.89	1.90	1.86	1.13	1.30	1.14	4.42	5.37	4.32	9.09	18.06
Price to Tangible Book Value (P/TBV)	2.29	2.22	2.75	1.70	1.81	1.62	7.51	9.22	19.29	23.68	23.82
Price to Revenue (P/Rev)	1.25	1.24	1.00	0.58	0.68	0.52	2.25	2.30	1.03	2.69	6.72
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	212.54	0.00	0.00	0.00	39.99
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.47%	0.00%	0.00%	0.00%	2.50%
Enterprise Value to Invested Capital (EV/IC)	2.81	3.32	2.38	1.17	1.43	1.21	7.09	9.72	9.06	19.61	66.65
Enterprise Value to Revenue (EV/Rev)	0.91	0.84	0.79	0.45	0.52	0.37	2.03	2.09	0.89	2.53	6.45
Enterprise Value to EBITDA (EV/EBITDA)	37.71	87.76	0.00	0.00	6.07	11.88	34.29	81.10	0.00	43.54	36.48
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	18.90	0.00	100.14	0.00	0.00	689.21	45.16
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	162.50	0.00	0.00	0.00	38.56
Enterprise Value to Operating Cash Flow (EV/OCF)	11.70	18.52	0.00	43.28	8.45	4.86	20.88	28.31	0.00	37.13	31.39
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	17.33	0.00	0.00	13.71	6.38	92.96	282.43	0.00	0.00	47.41
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.20	0.14	0.17	0.29	0.21	0.27	0.30	0.28	0.00	0.00	0.00
Long-Term Debt to Equity	0.15	0.10	0.13	0.16	0.15	0.21	0.24	0.24	0.00	0.00	0.00
Financial Leverage	-0.52	-0.52	-0.45	-0.22	-0.17	-0.21	-0.30	-0.40	-0.49	-0.56	-0.69
Leverage Ratio	1.44	1.49	1.52	1.67	1.73	1.95	2.21	2.21	2.41	2.50	1.96
Compound Leverage Factor	1.36	1.47	1.54	1.66	1.70	2.19	1.95	1.99	2.42	1.09	1.97
Debt to Total Capital	16.46%	12.63%	14.31%	22.32%	17.47%	21.27%	23.34%	22.11%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	3.70%	3.98%	3.18%	9.53%	4.78%	5.13%	5.00%	3.77%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	12.76%	8.65%	11.13%	12.79%	12.69%	16.14%	18.34%	18.34%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-6.79%	-8.83%	-10.33%	-11.25%	-10.62%	-12.16%	-9.90%	-10.39%	-4.03%	-2.83%	-0.13%
Common Equity to Total Capital	90.33%	96.20%	96.01%	88.93%	93.15%	90.90%	86.56%	88.28%	104.03%	102.83%	100.13%
Debt to EBITDA	4.99	8.94	-3.30	-5.49	1.13	3.42	2.32	4.17	0.00	0.00	0.00
Net Debt to EBITDA	-11.93	-35.45	5.98	2.53	-1.06	-2.80	-2.78	-6.34	0.00	0.00	0.00
Long-Term Debt to EBITDA	3.87	6.12	-2.57	-3.15	0.82	2.59	1.82	3.46	0.00	0.00	0.00
Debt to NOPAT	-6.32	-3.24	-1.52	-2.19	-22.26	-9.00	10.99	-6.49	0.00	0.00	0.00
Net Debt to NOPAT	15.10	12.85	2.76	1.01	21.01	7.38	-13.17	9.87	0.00	0.00	0.00
Long-Term Debt to NOPAT	-4.90	-2.22	-1.19	-1.25	-16.17	-6.83	8.64	-5.38	0.00	0.00	0.00
Altman Z-Score	4.46	4.71	3.89	2.40	3.18	2.02	4.02	4.39	2.36	5.51	16.62
Noncontrolling Interest Sharing Ratio	-9.09%	-9.10%	-11.01%	-13.21%	-13.69%	-14.05%	-14.07%	-13.13%	-9.56%	-3.33%	-0.90%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.12	3.01	2.12	1.62	1.88	1.52	1.74	1.59	1.14	1.40	2.05
Quick Ratio	2.85	2.78	1.88	1.39	1.55	1.31	1.51	1.42	0.95	1.23	1.90
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-4.66	2.84	-9.51	-6.14	2.20	3.26	1.27	0.52	-0.08	-5.46	23
Operating Cash Flow to CapEx	226.91%	381.49%	-99.82%	18.74%	175.46%	256.75%	411.64%	117.93%	-18.63%	106.09%	452.33%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.13	1.10	1.28	1.28	1.24	1.18	1.09	1.20	1.47	1.61	1.97
Accounts Receivable Turnover	5.29	5.94	6.57	6.02	5.49	5.49	5.89	6.51	7.56	7.29	8.06
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	9.85	11.00	12.47	9.68	8.20	8.15	13.33	29.07	28.95	36.22	53.42
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	68.95	61.41	55.56	60.63	66.48	66.48	61.95	56.06	48.30	50.09	45.29
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	68.95	61.41	55.56	60.63	66.48	66.48	61.95	56.06	48.30	50.09	45.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	19	15	21	24	21	17	17	15	7.75	11	16
Invested Capital Turnover	3.39	3.44	3.52	2.73	2.57	2.91	3.44	4.41	6.95	9.17	12.32
Increase / (Decrease) in Invested Capital	3.53	-4.39	6.20	2.57	-2.45	-3.92	-0.54	-1.67	-7.25	3.43	5.32
Enterprise Value (EV)	54	49	50	28	30	21	118	146	70	219	1,099
Market Capitalization	74	73	63	35	39	29	131	161	81	234	1,146
Book Value per Share	$1.55	$1.50	$1.32	$1.20	$1.15	$1.00	$1.20	$1.10	$0.69	$0.90	$2.19
Tangible Book Value per Share	$1.28	$1.29	$0.89	$0.80	$0.83	$0.70	$0.71	$0.64	$0.15	$0.34	$1.66
Total Capital	43	40	35	35	32	28	34	34	18	25	63
Total Debt	7.15	5.02	5.04	7.81	5.59	5.97	7.99	7.50	0.00	0.00	0.00
Total Long-Term Debt	5.54	3.44	3.92	4.48	4.06	4.53	6.28	6.22	0.00	0.00	0.00
Net Debt	-17	-20	-9.14	-3.60	-5.28	-4.90	-9.58	-11	-10	-14	-47
Capital Expenditures (CapEx)	2.03	0.70	2.74	3.41	2.03	1.67	1.38	4.37	6.53	5.56	7.74
Debt-free, Cash-free Net Working Capital (DFCFNWC)	3.16	1.43	1.36	1.66	2.93	-1.18	-2.35	-4.97	-7.43	-4.68	-5.40
Debt-free Net Working Capital (DFNWC)	27	26	16	13	14	9.69	15	14	2.87	9.14	41
Net Working Capital (NWC)	26	25	14	9.73	12	8.25	14	13	2.87	9.14	41
Net Nonoperating Expense (NNE)	0.80	1.84	2.61	1.79	-0.01	1.50	0.08	0.65	4.67	-1.14	-0.17
Net Nonoperating Obligations (NNO)	-17	-20	-9.14	-3.60	-5.28	-4.90	-9.58	-11	-10	-14	-47
Total Depreciation and Amortization (D&A)	3.05	2.77	3.20	3.67	3.37	2.70	2.27	2.87	3.89	4.72	5.80
Debt-free, Cash-free Net Working Capital to Revenue	5.34%	2.44%	2.15%	2.72%	5.10%	-2.12%	-4.03%	-7.12%	-9.40%	-5.39%	-3.17%
Debt-free Net Working Capital to Revenue	46.34%	45.00%	24.62%	21.44%	24.03%	17.35%	26.15%	19.98%	3.63%	10.54%	24.34%
Net Working Capital to Revenue	43.62%	42.30%	22.84%	15.97%	21.36%	14.77%	23.21%	18.15%	3.63%	10.54%	24.34%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.04)	($0.11)	($0.22)	($0.20)	$0.00	$0.06	$0.03	($0.06)	($0.44)	($0.03)	$0.98
Adjusted Weighted Average Basic Shares Outstanding	25.23M	25.45M	25.62M	25.88M	25.95M	24.46M	24.61M	26.63M	27.28M	28.13K	29.16M
Adjusted Diluted Earnings per Share	($0.04)	($0.11)	($0.22)	($0.20)	$0.00	$0.06	$0.02	($0.06)	($0.44)	($0.03)	$0.89
Adjusted Weighted Average Diluted Shares Outstanding	25.23M	25.45M	25.62M	25.88M	25.95M	24.46M	25.57M	26.63M	27.28M	28.13K	32.18M
Adjusted Basic & Diluted Earnings per Share	$0.00	($0.11)	($0.22)	($0.20)	$0.00	$0.06	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	25.34M	25.40M	25.54M	25.82M	25.88M	25.77M	25.86M	27.16M	27.40M	28.75M	31.30M
Normalized Net Operating Profit after Tax (NOPAT)	-0.87	-1.55	-2.58	-3.57	1.59	-0.66	0.73	-1.16	-7.33	0.22	17
Normalized NOPAT Margin	-1.47%	-2.65%	-4.09%	-5.86%	2.77%	-1.19%	1.25%	-1.66%	-9.28%	0.26%	9.99%
Pre Tax Income Margin	-2.57%	-3.73%	-7.59%	-8.33%	2.72%	-1.91%	1.79%	-1.38%	-13.27%	0.16%	14.36%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	-0.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-5.91%	-2.27%	0.00%	-0.81%	-85.36%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Innodata's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.71%	0.45%	-11.10%	-1.66%	20.18%	34.77%	40.69%	65.62%	135.57%	126.64%
EBITDA Growth	-1,311.24%	-106.19%	51.85%	122.18%	200.64%	580.18%	450.34%	238.30%	528.93%	301.22%
EBIT Growth	-493.98%	-51.05%	24.05%	80.68%	126.90%	214.08%	172.60%	152.21%	1,287.73%	473.89%
NOPAT Growth	-493.98%	-51.05%	24.05%	80.68%	119.45%	241.74%	172.61%	97.57%	4,067.10%	499.07%
Net Income Growth	-292.68%	-58.29%	26.89%	78.73%	111.52%	184.58%	146.85%	98.90%	4,440.73%	522.16%
EPS Growth	-300.00%	-100.00%	20.00%	78.57%	108.33%	187.50%	137.50%	100.00%	5,000.00%	400.00%
Operating Cash Flow Growth	3,850.00%	190.43%	219.25%	200.97%	-27.40%	-74.32%	279.32%	-118.92%	608.03%	15,102.63%
Free Cash Flow Firm Growth	-316.09%	590.96%	2,064.85%	267.64%	431.20%	-128.48%	-101.04%	-156.08%	-31.31%	384.52%
Invested Capital Growth	-2.77%	-48.35%	-57.13%	-62.08%	-42.76%	44.25%	14.78%	87.64%	181.73%	47.58%
Revenue Q/Q Growth	-7.71%	5.03%	-2.77%	4.33%	12.79%	17.79%	1.50%	22.82%	60.43%	13.32%
EBITDA Q/Q Growth	12.18%	67.46%	-11.26%	169.77%	298.45%	55.24%	-18.82%	-32.63%	640.77%	-0.96%
EBIT Q/Q Growth	6.79%	43.81%	-6.57%	65.39%	229.81%	138.27%	-32.18%	-75.11%	3,350.45%	-1.46%
NOPAT Q/Q Growth	6.79%	43.81%	-6.57%	65.39%	193.82%	309.61%	-45.40%	-101.16%	160,858.78%	-41.11%
Net Income Q/Q Growth	13.18%	41.13%	-7.92%	61.43%	146.99%	332.38%	-40.22%	-100.91%	193,333.33%	-40.76%
EPS Q/Q Growth	14.29%	33.33%	0.00%	62.50%	133.33%	600.00%	-57.14%	-100.00%	0.00%	-31.37%
Operating Cash Flow Q/Q Growth	193.10%	-79.93%	301.80%	34.47%	-33.06%	-92.90%	5,835.96%	-106.71%	2,604.63%	52.41%
Free Cash Flow Firm Q/Q Growth	69.61%	440.33%	29.74%	24.93%	-39.96%	-129.26%	95.25%	-6,620.04%	173.55%	21.20%
Invested Capital Q/Q Growth	-22.51%	-39.44%	-11.55%	-8.63%	16.96%	52.60%	-29.62%	49.37%	75.61%	-20.06%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	-11.10%	-3.44%	-3.93%	2.63%	9.29%	12.25%	9.79%	5.37%	24.81%	21.68%
Operating Margin	-16.58%	-8.87%	-9.72%	-3.23%	3.71%	7.51%	5.02%	1.02%	21.87%	19.02%
EBIT Margin	-16.58%	-8.87%	-9.72%	-3.23%	3.71%	7.51%	5.02%	1.02%	21.87%	19.02%
Profit (Net Income) Margin	-18.03%	-10.11%	-11.22%	-4.15%	1.73%	6.34%	3.74%	-0.03%	33.30%	17.41%
Tax Burden Percent	108.76%	113.24%	111.50%	129.98%	50.59%	86.97%	70.01%	-3.26%	151.93%	90.79%
Interest Burden Percent	99.97%	100.58%	103.44%	98.90%	91.98%	97.09%	106.32%	83.38%	100.23%	100.84%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	49.41%	13.03%	29.99%	103.26%	-51.93%	9.21%
Return on Invested Capital (ROIC)	-70.60%	-43.14%	-45.70%	-15.14%	14.95%	59.91%	45.09%	-0.40%	326.60%	212.75%
ROIC Less NNEP Spread (ROIC-NNEP)	-57.70%	-36.19%	-36.91%	-10.88%	15.30%	60.32%	44.70%	-0.41%	326.41%	212.47%
Return on Net Nonoperating Assets (RNNOA)	23.92%	17.67%	16.72%	4.72%	-7.45%	-33.80%	-29.93%	0.26%	-194.47%	-145.96%
Return on Equity (ROE)	-46.68%	-25.47%	-28.98%	-10.41%	7.50%	26.11%	15.16%	-0.14%	132.13%	66.79%
Cash Return on Invested Capital (CROIC)	-50.56%	-0.69%	19.32%	45.47%	30.99%	-57.73%	16.60%	-26.67%	48.10%	167.59%
Operating Return on Assets (OROA)	-24.54%	-13.07%	-14.32%	-4.85%	5.70%	12.13%	8.41%	1.86%	41.56%	37.50%
Return on Assets (ROA)	-26.68%	-14.89%	-16.52%	-6.23%	2.65%	10.24%	6.26%	-0.05%	63.28%	34.33%
Return on Common Equity (ROCE)	-51.09%	-27.91%	-29.99%	-10.79%	7.78%	26.98%	15.65%	-0.14%	134.83%	67.39%
Return on Equity Simple (ROE_SIMPLE)	-63.46%	0.00%	-60.96%	-39.77%	-19.70%	0.00%	8.03%	10.42%	41.98%	0.00%
Net Operating Profit after Tax (NOPAT)	-2.14	-1.20	-1.28	-0.44	0.42	1.71	0.93	-0.01	17	10
NOPAT Margin	-11.61%	-6.21%	-6.81%	-2.26%	1.88%	6.53%	3.51%	-0.03%	33.23%	17.27%
Net Nonoperating Expense Percent (NNEP)	-12.90%	-6.95%	-8.79%	-4.25%	-0.35%	-0.41%	0.39%	0.01%	0.19%	0.28%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	6.64%	-	-	-	16.10%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	49.42%	43.13%	41.39%	38.53%	33.38%	31.41%	31.33%	27.71%	18.98%	26.20%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	116.58%	108.87%	109.72%	103.23%	96.29%	92.49%	94.98%	98.98%	78.13%	80.98%
Earnings before Interest and Taxes (EBIT)	-3.06	-1.72	-1.83	-0.63	0.82	1.96	1.33	0.33	11	11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-2.05	-0.67	-0.74	0.52	2.06	3.20	2.60	1.75	13	13
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.64	4.32	12.71	15.12	10.56	9.09	6.89	14.72	10.19	18.06
Price to Tangible Book Value (P/TBV)	21.38	19.29	70.71	61.29	32.71	23.68	16.25	32.75	15.31	23.82
Price to Revenue (P/Rev)	1.04	1.03	3.05	4.09	3.02	2.69	2.01	3.97	3.54	6.72
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	86.38	142.23	24.29	39.99
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.16%	0.70%	4.12%	2.50%
Enterprise Value to Invested Capital (EV/IC)	6.06	9.06	32.47	47.56	30.84	19.61	21.62	34.83	22.25	66.65
Enterprise Value to Revenue (EV/Rev)	0.98	0.89	2.90	3.90	2.82	2.53	1.80	3.81	3.34	6.45
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	193.04	43.54	20.32	42.61	22.39	36.48
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	689.21	48.87	92.05	30.52	45.16
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	76.11	132.62	22.92	38.56
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	107.79	43.54	36.23	37.13	15.62	50.94	25.79	31.39
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	100.87	57.51	72.47	0.00	139.23	0.00	68.29	47.41
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.38	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.34	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.41	-0.49	-0.45	-0.43	-0.49	-0.56	-0.67	-0.63	-0.60	-0.69
Leverage Ratio	2.41	2.41	2.49	2.52	2.66	2.50	2.53	2.44	2.09	1.96
Compound Leverage Factor	2.41	2.43	2.58	2.50	2.45	2.42	2.69	2.03	2.10	1.97
Debt to Total Capital	27.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	2.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	24.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-3.10%	-4.03%	-4.09%	-3.63%	-3.21%	-2.83%	-2.63%	-2.48%	-1.49%	-0.13%
Common Equity to Total Capital	75.59%	104.03%	104.09%	103.63%	103.21%	102.83%	102.63%	102.48%	101.49%	100.13%
Debt to EBITDA	-1.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.68	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	-0.94	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	-0.93	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.62	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	-0.85	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	2.92	2.97	5.65	7.14	5.55	5.60	4.68	8.46	9.55	16.24
Noncontrolling Interest Sharing Ratio	-9.44%	-9.56%	-3.49%	-3.62%	-3.68%	-3.33%	-3.21%	-2.96%	-2.04%	-0.90%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.14	1.14	1.11	1.21	1.28	1.40	1.46	1.45	1.84	2.05
Quick Ratio	0.96	0.95	0.91	1.03	1.11	1.23	1.31	1.32	1.66	1.90
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1.78	6.05	7.85	9.80	5.89	-1.72	-0.08	-5.50	4.04	4.90
Operating Cash Flow to CapEx	136.97%	34.88%	104.82%	183.13%	122.78%	9.16%	505.38%	-16.64%	781.51%	781.03%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.48	1.47	1.47	1.50	1.54	1.61	1.68	1.83	1.90	1.97
Accounts Receivable Turnover	8.58	7.56	7.92	7.90	7.98	7.29	8.39	8.09	8.11	8.06
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	30.75	28.95	28.02	28.64	31.44	36.22	39.96	37.66	48.23	53.42
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	42.53	48.30	46.11	46.19	45.72	50.09	43.53	45.09	44.98	45.29
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	42.53	48.30	46.11	46.19	45.72	50.09	43.53	45.09	44.98	45.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	13	7.75	6.85	6.26	7.32	11	7.87	12	21	16
Invested Capital Turnover	6.08	6.95	6.71	6.70	7.96	9.17	12.83	11.92	9.83	12.32
Increase / (Decrease) in Invested Capital	-0.36	-7.25	-9.13	-10	-5.47	3.43	1.01	5.49	13	5.32
Enterprise Value (EV)	77	70	222	298	226	219	170	409	459	1,099
Market Capitalization	82	81	234	312	241	234	190	426	486	1,146
Book Value per Share	$0.65	$0.69	$0.67	$0.75	$0.81	$0.90	$0.96	$1.01	$1.65	$2.19
Tangible Book Value per Share	$0.14	$0.15	$0.12	$0.18	$0.26	$0.34	$0.41	$0.45	$1.10	$1.66
Total Capital	24	18	18	20	22	25	27	28	47	63
Total Debt	6.47	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	5.87	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-4.26	-10	-11	-14	-15	-14	-19	-17	-26	-47
Capital Expenditures (CapEx)	1.62	1.27	1.70	1.31	1.31	1.24	1.34	2.73	1.46	2.22
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-7.14	-7.43	-8.52	-9.19	-8.42	-4.68	-7.38	-4.56	-1.39	-5.40
Debt-free Net Working Capital (DFNWC)	3.59	2.87	2.32	4.48	6.41	9.14	12	12	25	41
Net Working Capital (NWC)	2.99	2.87	2.32	4.48	6.41	9.14	12	12	25	41
Net Nonoperating Expense (NNE)	1.18	0.75	0.83	0.37	0.03	0.05	-0.06	-0.00	-0.04	-0.09
Net Nonoperating Obligations (NNO)	-4.26	-10	-11	-14	-15	-14	-19	-17	-26	-47
Total Depreciation and Amortization (D&A)	1.01	1.05	1.09	1.15	1.24	1.24	1.27	1.42	1.54	1.58
Debt-free, Cash-free Net Working Capital to Revenue	-9.05%	-9.40%	-11.11%	-12.04%	-10.52%	-5.39%	-7.82%	-4.25%	-1.01%	-3.17%
Debt-free Net Working Capital to Revenue	4.55%	3.63%	3.03%	5.87%	8.00%	10.54%	12.29%	11.15%	18.19%	24.34%
Net Working Capital to Revenue	3.79%	3.63%	3.03%	5.87%	8.00%	10.54%	12.29%	11.15%	18.19%	24.34%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.12)	($0.08)	($0.08)	($0.03)	$0.01	$0.07	$0.03	$0.00	$0.60	$0.35
Adjusted Weighted Average Basic Shares Outstanding	27.33M	27.28M	27.46M	27.86M	28.46M	28.13M	28.75M	28.88M	28.99M	29.16M
Adjusted Diluted Earnings per Share	($0.12)	($0.08)	($0.08)	($0.03)	$0.01	$0.07	$0.03	$0.00	$0.51	$0.35
Adjusted Weighted Average Diluted Shares Outstanding	27.33M	27.28M	27.46M	27.86M	32.46M	28.13M	32.24M	28.88M	34.01M	32.18M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	27.38M	27.40M	27.55M	28.30M	28.71M	28.75M	28.75M	28.99M	29.00M	31.30M
Normalized Net Operating Profit after Tax (NOPAT)	-2.14	-1.20	-1.28	-0.44	0.42	1.71	0.93	0.23	7.99	10
Normalized NOPAT Margin	-11.61%	-6.21%	-6.81%	-2.26%	1.88%	6.53%	3.51%	0.71%	15.31%	17.27%
Pre Tax Income Margin	-16.58%	-8.92%	-10.06%	-3.19%	3.41%	7.29%	5.34%	0.85%	21.92%	19.18%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Innodata's Financials

When does Innodata's fiscal year end?

According to the most recent income statement we have on file, Innodata's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Innodata's net income changed over the last 10 years?

Innodata's net income appears to be on a downward trend, with a most recent value of $28.68 million in 2024, falling from -$1.93 million in 2014. The previous period was -$889 thousand in 2023.

What is Innodata's operating income?

Innodata's total operating income in 2024 was $24.34 million, based on the following breakdown:

Total Gross Profit: $170.46 million
Total Operating Expenses: $146.13 million

How has Innodata revenue changed over the last 10 years?

Over the last 10 years, Innodata's total revenue changed from $59.08 million in 2014 to $170.46 million in 2024, a change of 188.5%.

How much debt does Innodata have?

Innodata's total liabilities were at $50.06 million at the end of 2024, a 45.4% increase from 2023, and a 169.3% increase since 2014.

How much cash does Innodata have?

In the past 10 years, Innodata's cash and equivalents has ranged from $9.79 million in 2022 to $46.88 million in 2024, and is currently $46.88 million as of their latest financial filing in 2024.

How has Innodata's book value per share changed over the last 10 years?

Over the last 10 years, Innodata's book value per share changed from 1.55 in 2014 to 2.19 in 2024, a change of 41.4%.

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This page (NASDAQ:INOD) was last updated on 4/15/2025 by MarketBeat.com Staff

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Innodata (INOD) Financials

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