/
Innodata Inc. (Nasdaq: INOD) (together with its subsidiaries, the Company , Innodata , we , us or our ) is a global data engineering and AI systems services company that supports the development, training, post-training, evaluation, and deployment of advanced artificial intelligence systems. We partner with leading technology companies, frontier AI laboratories, and enterprises to help enable A…
15.85% operating margin is respectable but not wide. ROIC at 34.09%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 48.0%, still solid.
ROIC dropped from 38.72% to 34.09%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$283M
▲ +48.0% YoY
Net Income (TTM)
$39M
▲ +12.3% YoY
Op. Margin
17.28%
▲ +1.5pp YoY
ROIC
34.67%
▼ -4.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$62M
▲ +31.4% YoY
Op. Cash Flow (TTM)
$73M
▲ +34.1% YoY
Net Debt
-$113M
Net Cash Position
Cash & Equiv.
$117M
5Y CAGR: +34.0%
5Y CAGR: +53.0%
Continue Research