Innodata Inc. (INOD) Stock Price & Analysis

Innodata Inc. (INOD) closed at USD 46.17 on Thursday, October 29, 2026, down 3.11% on the day. The US market is currently closed (after-hours); this is not a live price.

The prior close was USD 47.65; the Oct 29, 2026 session ranged USD 44.27–47.26 on volume of 1,401,112 shares. Market capitalization is $1.59B, with a 52-week range of USD 34.23–125.14 (NGM). Source: Nexqual, retrieved October 29, 2026 at 21:08 UTC.

Also available as compact Markdown for AI agents: nexqual.com/INOD.md

Key facts (INOD)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (INOD)

USDFY2021FY2022FY2023FY2024FY2025TTM
Revenue$69.8M$79.0M$86.8M$170M$252M$317M
Gross profit——$31.3M$67.1M$99.5M—
Operating income——$318K$24.3M$39.9M—
Net income-$1.7M-$11.9M-$908K$28.7M$32.2M$46.5M
EPS (diluted)-$0.06-$0.44-$0.03$0.89$0.92—
Free cash flow$783K-$7.7M$339K$27.1M$35.6M$184M
Gross margin——36.1%39.3%39.5%—
Operating margin——0.4%14.3%15.8%—
Net margin-2.4%-15.1%-1.0%16.8%12.8%14.7%
Revenue growth+19.8%+13.3%+9.8%+96.4%+47.6%—
Cash + short-term investments$18.9M$9.8M$13.8M$46.9M$82.2M—
Total debt$7.5M$6.0M————

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (INOD)

P/E 34.1x · P/S 5.0x · P/FCF 8.6x · P/B 9.9x · FCF yield 11.58% · Earnings yield 2.93%

P/E at fiscal year-ends: Dec 2025 55.5x, Dec 2024 44.4x.

Superinvestors (SEC 13F-HR, Q2 2026) (INOD)

1 of 80 tracked investors hold INOD. Each row is the investor's latest 13F; change is vs their prior-quarter share count.

InvestorFirm% of portfolioValueChange
Duan YongpingH&H International Investment<0.01%$756KUnchanged

Insider sales (SEC Form 4, open-market, last ~7 months) (INOD)

0 of 17 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

Trade dateInsiderRoleSharesValue% of holdings sold10b5-1 planInsider type
2026-09-14Forlenza Louise CDirector10,000$535K64.8%NoOpportunistic (traded every year 2023–2025, no repeating month)
2026-09-04Forlenza Louise CDirector10,000$550K64.8%NoOpportunistic (traded every year 2023–2025, no repeating month)
2026-06-15…2026-06-16Abuhoff JackCEO294,059$32.0M18%NoToo little history (no open-market trades in 2025)
2026-06-02Mishra AshokEVP and COO38,666$4.4M31.7%NoOpportunistic (traded every year 2023–2025, no repeating month)
2026-05-29Espineli Marissa BInterim CFO19,667$2.1M41.2%NoOpportunistic (traded every year 2023–2025, no repeating month)
2026-05-29Abuhoff JackCEO105,586$10.9M7.3%NoToo little history (no open-market trades in 2025)
2026-05-22Abuhoff JackCEO38,056$3.8M2.8%NoToo little history (no open-market trades in 2025)
2026-05-21Forlenza Louise CDirector18,000$1.7M82%NoOpportunistic (traded every year 2023–2025, no repeating month)
2026-05-21Abuhoff JackCEO150,000$14.3M10.1%NoToo little history (no open-market trades in 2025)
2026-05-19…2026-05-20Forlenza Louise CDirector20,000$1.8M83.5%NoOpportunistic (traded every year 2023–2025, no repeating month)
2026-05-19…2026-05-20Abuhoff JackCEO152,800$14.3M10.2%NoToo little history (no open-market trades in 2025)
2026-05-15…2026-05-18Abuhoff JackCEO250,000$23.7M15.7%NoToo little history (no open-market trades in 2025)
2026-05-15Massey Stewart RDirector10,000$960K19.9%NoOpportunistic (traded every year 2023–2025, no repeating month)
2026-05-12…2026-05-14Abuhoff JackCEO243,150$22.8M15.4%NoToo little history (no open-market trades in 2025)
2026-05-13Massey Stewart RDirector10,000$882K16.6%NoOpportunistic (traded every year 2023–2025, no repeating month)
2026-05-12Mishra AshokEVP and COO242,901$21.9M71.8%NoOpportunistic (traded every year 2023–2025, no repeating month)
2026-05-12Forlenza Louise CDirector30,000$2.7M88.4%NoOpportunistic (traded every year 2023–2025, no repeating month)

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Analysts (INOD)

Consensus Buy (mean 1.75 on a 1–5 scale), 4 analysts; mean target USD 122.75 (low 111, high 140).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-09-18BWS FinancialMaintainedTop Pick$140
2026-08-07BWS FinancialMaintainedTop Pick$140

Total return (dividends reinvested) (INOD)

1Y (from 2025-10-30)5Y (from 2021-10-25)
Total return-38.1%+334.8%
S&P 500 (SPY)+14.4%+79.1%
Per year-38.2%+34.1%
Volatility (annualized)107.2%99.2%
Max drawdown-63.2% (Jun 2026→Oct 2026)-73.0% (Oct 2021→Sep 2022)

INOD earnings history and stock reaction

Results filedQuarterEPSConsensusSurpriseStock reaction
Aug 6, 2026Quarter ended Jun 30, 2026$0.41$0.26Beat +57.7%-10.1%
Jun 17, 2026Quarter ended Mar 31, 2026$0.42$0.19Beat +121.1%-11.1%
May 7, 2026Quarter ended Mar 31, 2026$0.42$0.19Beat +121.1%+82.5%
Feb 26, 2026Quarter ended Dec 31, 2025$0.25$0.26Miss −3.8%-4.4%
Nov 6, 2025Quarter ended Sep 30, 2025$0.24$0.16Beat +50.0%+0.6%
Jul 31, 2025————-7.3%
May 8, 2025————-5.8%
Feb 20, 2025————+4.0%

EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

INOD recent SEC filings (last 120 days)

FiledFormWhat it says
Sep 30, 20268-K/ADirector or executive officer change, or pay arrangement
“As previously reported on the Current Report on Form 8-K filed by Innodata Inc., a Delaware corporation (the "Company") on August 6, 2026 (the "Original 8-K"), the Board of Directors of the Company (the "Board") approved the transition of (i) Jack S. Abuhoff from the role of Chief Executive Officer of the Company to the role of Executive Chairman, effective as of September 30, 2026 (the "Executive Chairman Transition"), and (ii) Rahul Singhal from the role of President and Chief Revenue Officer of the Company to…”
Sep 15, 20268-KDirector or executive officer change, or pay arrangement
“On September 10, 2026, the Board of Directors (the "Board") of Innodata Inc., a Delaware corporation (the "Company") elected Admiral Michael S. Rogers to serve as an independent director of the Company, effective as of September 10, 2026. In accordance with the Company's compensation policies for non-employee directors, Admiral Rogers will be compensated at the rate of $75,000 per annum, paid in equal monthly installments, and will also receive a grant, pursuant to the Company's Amended and Restated Innodata Inc.…”
Aug 6, 20268-KEntered a material agreement
“On August 6, 2026, Innodata Inc., a Delaware corporation (the "Company"), entered into an equity distribution agreement (the "Sales Agreement") with Goldman Sachs & Co. LLC, Craig-Hallum Capital Group LLC, Wells Fargo Securities, LLC, Maxim Group LLC, and Wedbush Securities Inc. (each, a "Sales Agent" and collectively, the "Sales Agents"), pursuant to which the Company may offer and sell shares (the "Shares") of its common stock, par value $0.01 per share (the "Common Stock"), having an aggregate offering price of…”
Aug 6, 202610-QQuarterly report · period ended Jun 30, 2026
Aug 6, 20268-KQuarterly results; Director or executive officer change, or pay arrangement
“On August 3, 2026, the Board of Directors (the "Board") of the Company approved the transition of Jack S. Abuhoff from the role of Chief Executive Officer of the Company to the role of Executive Chairman, effective as of September 30, 2026 (the "Effective Date"). Mr. Abuhoff will continue to serve as Chairman of the Board. On August 3, 2026, the Board also appointed Rahul Singhal, age 52, current President and Chief Revenue Officer of the Company, to serve as Chief Executive Officer and Principal Executive Officer…”
Jul 31, 2026Schedule 13GVanguard Capital Management: 5.0% of shares, passive 5%+ holder
Jul 28, 2026Schedule 13G/ABlackRock, Inc.: 7.9% of shares, passive 5%+ holder (amended)

Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.

INOD revenue by business segment (quarter ended Sep 30, 2025)

LineRevenueShare of totalYoY
Dds$54.8M87.6%+22.6%
Agility$6.1M9.8%+9.3%
Synodex$1.7M2.6%-14.6%
Total revenue$62.5M100%—

INOD revenue by region (quarter ended Jun 30, 2026)

LineRevenueShare of totalYoY
United States$79.9M86.7%+64.4%
Other Principally Europe$3.8M4.1%+78.8%
Canada$3.3M3.6%+12.6%
United Kingdom$3.0M3.2%+19.4%
Netherlands$2.2M2.4%-3.3%
Total revenue$92.1M100%—

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

INOD suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
CustomerAmazon (AMZN)“We host data and applications in our own data centers at our operations centers, in our customers' data centers, and on third-party cloud services including Amazon Web Services ("AWS"), Microsoft Azure ("Azure"), Oracle Cloud Infrastructure ("OCI"), and Google Cloud Platform ("GCP") that provide the benefit of "infinite scalability" of information technology resources.”
CustomerMicrosoft (MSFT)“We host data and applications in our own data centers at our operations centers, in our customers' data centers, and on third-party cloud services including Amazon Web Services ("AWS"), Microsoft Azure ("Azure"), Oracle Cloud Infrastructure ("OCI"), and Google Cloud Platform ("GCP") that provide the benefit of "infinite scalability" of information technology resources.”
CustomerOracle (ORCL)“We host data and applications in our own data centers at our operations centers, in our customers' data centers, and on third-party cloud services including Amazon Web Services ("AWS"), Microsoft Azure ("Azure"), Oracle Cloud Infrastructure ("OCI"), and Google Cloud Platform ("GCP") that provide the benefit of "infinite scalability" of information technology resources.”
CustomerAlphabet (Google) (GOOGL)“We host data and applications in our own data centers at our operations centers, in our customers' data centers, and on third-party cloud services including Amazon Web Services ("AWS"), Microsoft Azure ("Azure"), Oracle Cloud Infrastructure ("OCI"), and Google Cloud Platform ("GCP") that provide the benefit of "infinite scalability" of information technology resources.”
CompetitorAccenture (ACN)“We also compete with broader technology and business process services providers, including Accenture, Cognizant Technology Solutions, EXLService Holdings, Inc., Genpact Limited, Infosys Limited, PwC, QuantumBlack, and Tata Consultancy Services, which may offer overlapping services as part of broader consulting or outsourcing engagements.”

Quoted from the company's 10-K filed Feb 26, 2026.

INOD customer concentration

In the period ended Jun 30, 2026, 2 direct customers each accounted for at least 10% (37%, 34%) of revenue, per the company's 10-Q filed Aug 6, 2026. The company does not name them.

INOD company outlook (results filed Aug 6, 2026)

Quoted word-for-word from the SEC 8-K results press release.

INOD analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$0.27$0.29-4.9%$84.4M3
Next quarter (ends Dec 2026)$0.36$0.36-0.7%$94.0M3
Current fiscal year (ends Dec 2026)$1.65$1.38+19.5%$359.6M2
Next fiscal year (ends Dec 2027)$2.09$2.00+4.4%$460.0M3

INOD options: expected move

Options price a move of about ±18.2% (±$8.30) by Nov 6, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±15.7% on average.

ExpirationDaysATM implied volatilityExpected move
Oct 30, 20261139.3%±6.1%
Nov 6, 20268152.9%±18.2%
Nov 13, 202615125.0%±20.3%
Nov 20, 202622112.9%±22.2%
Nov 27, 202629108.7%±24.6%
Dec 4, 20263699.1%±25.0%
Dec 11, 20264394.8%±26.1%
Dec 18, 20265092.3%±27.1%

30-day implied volatility 107% vs 117.6% realized over the last 30 trading days. Put/call ratio (volume) 0.26. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 29, 2026 at 21:08 UTC)

PriceUSD 46.17
Change▼ 3.11% (down)
Previous CloseUSD 47.65
OpenUSD 45.84
Day RangeUSD 44.27 – 47.26
52-Week RangeUSD 34.23 – 125.14
Volume1,401,112 shares
Market Cap$1.59B
ExchangeNGM

Technical Analysis (INOD)

Nexqual's technical model rates INOD "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 29, 2026 at 21:08 UTC.

Overall SignalSELL
RSI (14)37.74 (neutral)
vs SMA50Below (USD 59.17)
MACD-3.29 (negative)

Analyst Ratings (INOD)

Wall Street analysts rate INOD "Buy" based on 4 analysts, with a mean price target of USD 122.75 (range USD 111–140), per Nexqual as of October 29, 2026 at 21:08 UTC.

Consensus RatingBuy
Analyst Count4
Mean TargetUSD 122.75
High TargetUSD 140
Low TargetUSD 111
Buy / Hold / Sell4 / 0 / 0

Earnings (INOD)

Next Earnings Date2026-11-05
EPS EstimateUSD 0.27
Revenue Estimate$84.42M

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD 0.41 vs est 0.26 ▲ beat
2026-03-31USD 0.42 vs est 0.19 ▲ beat
2025-12-31USD 0.25 vs est 0.26 ▼ miss
2025-09-30USD 0.24 vs est 0.16 ▲ beat

Source: Nexqual, October 29, 2026 at 21:08 UTC.

Financials & Fundamentals (INOD)

Total Revenue$317.16M
Revenue Growth (latest quarter, YoY)+57.80%
Gross Margin+43.20%
Operating Margin+17.21%
Profit Margin+14.66%
ROE+37.77%
Debt / Equity0.02
Current Ratio1.73
Total Cash$250.37M
Total Debt$3.83M
Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K)$183.85M (58.0% of revenue)

Source: Nexqual, October 29, 2026 at 21:08 UTC.

Financial Health Score (INOD)

Nexqual rates Innodata Inc.'s overall financial health "Strong" across five dimensions, as of October 29, 2026 at 21:08 UTC.

GrowthStrong — Revenue +48% YoY (annual)
ProfitabilityStrong — Gross margin 43%, operating 17% (last 12 months)
Balance SheetStrong — $250M cash vs $4M debt, net cash position
Cash FlowStrong — FCF $184M (last 4 quarters to Jun 2026, SEC), 58% margin
EfficiencyStrong — ROE 29%, ROA 13.0% (last 4 quarters, SEC)

Ownership (INOD)

Insider Ownership+4.86%
Institutional Ownership+60.41%
Shares Outstanding34.38M
Float33.09M
Short % of Float+13.67%

Source: Nexqual, October 29, 2026 at 21:08 UTC.

Leadership (INOD)

Innodata Inc. is led by Rahul Singhal, CEO, President, Principal Executive Officer & Director, per Nexqual as of October 29, 2026 at 21:08 UTC.

CEO, President, Principal Executive Officer & DirectorRahul Singhal
Executive Chairman of the BoardJack S. Abuhoff
Executive VP & COOAshok Kumar Mishra
CFO, Executive VP & Principal Financial OfficerJayant Chauhan
Director of Human ResourcesMarcia Novero

Major Backers & Investors (INOD)

Notable institutional backers of Innodata Inc. include Jane Street Group, LLC, Shaw D.E. & Co., Inc., Jupiter Topco LLC, according to Nexqual as of October 29, 2026 at 21:08 UTC.

Active Investors

InvestorStake
Jane Street Group, LLC3.71%
Shaw D.E. & Co., Inc.2.56%
Jupiter Topco LLC1.51%
JPMorgan1.39%

Index Funds (Passive)

FundStake
BlackRock7.9%
Vanguard Group4.04%
Geode Capital2.43%
State Street2.36%
Dimensional Fund Advisors1.73%
Nuveen1.4%

Source: Nexqual, October 29, 2026 at 21:08 UTC.

From Innodata Inc.'s Latest SEC 10-K Filing (filed 2026-02-26)

Key Strengths & Strategy (as disclosed to the SEC)

Partnerships

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 21:08 UTC. This page is informational and not investment advice.

For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt