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NEW YORK - Innodata Inc. (NASDAQ:INOD) reported a 20% year-over-year increase in third-quarter revenue on Thursday, posting $62.6 million for the period ended September 30, 2025.
The data engineering company’s net income for the quarter was $8.3 million, or $0.24 per diluted share, compared to $17.4 million, or $0.51 per diluted share, in the same period last year. The company noted that prior-year earnings benefited from approximately $0.27 per diluted share from tax benefits related to net operating loss carryforwards.
Adjusted EBITDA rose 17% to $16.2 million from $13.9 million a year earlier. The company ended the quarter with $73.9 million in cash and cash equivalents, up from $46.9 million at the end of 2024.
"Our third quarter marked another record-setting performance for Innodata, with revenue, profitability, and cash all at all-time highs," said Jack Abuhoff, CEO of Innodata.
For the nine months ended September 30, 2025, Innodata reported revenue of $179.3 million, representing 61% year-over-year growth, and net income of $23.3 million, or $0.67 per diluted share.
The company reiterated its previous guidance of 45% or more year-over-year organic revenue growth for 2025. Innodata also announced the launch of Innodata Federal, a new business unit led by AI veterans with defense and intelligence experience, and the appointment of retired four-star Army general Richard D. Clarke to its board.
The company highlighted several growth areas, including pre-training data capabilities, sovereign AI programs, enterprise AI practice, and model safety initiatives.
Based on a press release statement, Innodata expects continued growth in 2026 driven by new customer wins and expanding relationships with Big Tech companies and AI innovation labs.
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