Innodata's Record Third Quarter Revenue Growth

Innodata Inc. reported notable financial results for its third quarter ending September 30, 2026. The company's revenue surged to $95.6 million, marking a 53% year-over-year increase. This growth exceeded analyst expectations by approximately $12.3 million or 15%.

The company's Adjusted EBITDA reached $17.7 million, an increase of $1.5 million from the prior year. Net income rose to $10.3 million, or $0.30 per basic share, compared to $8.3 million, or $0.26 per basic share, in the same quarter last year.

Innodata has also made significant strides in client diversification, with a customer increasing revenue contributions from less than 5% to becoming the largest contributor. The company expects revenue growth to continue into 2027, emphasizing opportunities in physical AI and data-driven solutions.

The company's cash and cash equivalents increased to $164.0 million, showing an $81.7 million rise since December 2025. This reflects strong financial positioning and growth potential amid expanding AI and robotics markets.