Innodata's Financial Surge: First Quarter 2025 Results

Innodata Inc. announced a significant revenue increase of 120% year-over-year, reaching $58.3 million in Q1 2025. The company's adjusted EBITDA was $12.7 million, marking a notable gain from $3.8 million in the prior year. Net income rose to $7.8 million, surpassing last year's $1.0 million. Innodata's cash and short-term investment balance improved to $56.6 million from $46.9 million at the end of 2024.

The company is expanding relationships with key clients, having signed a new master statement of work with its largest customer. This expansion, along with new customer acquisitions, signals potential revenue growth. Innodata is investing in AI capabilities, aligning strategically with clients' AI projects. A strong balance sheet and an undrawn $30 million credit facility highlight the company's financial health.