What is the 13F Pro Quality Score for INOD?

13F Pro ranks INNODATA INC (INOD) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View INOD's current score at https://13fpro.ai/research/INOD (free sign-up required for the full ranking).

Where does 13F Pro source INOD data?

All INNODATA INC fundamentals and ownership data come directly from SEC EDGAR. INNODATA INC files with the SEC under CIK 903651. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is INOD in?

INNODATA INC (INOD) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

What drives INOD's revenue?

Per INNODATA INC's latest 10-Q filed with the SEC on 2026-05-07, the biggest revenue drivers are: AI-related data services (Primary component of $90.1M, +54% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/INOD.

What are INOD's largest expenses?

INNODATA INC's latest 10-Q reports these as the largest expense items: Direct operating costs ($50.3M, +43% YoY); Selling and administrative expenses ($22.9M, +53% YoY); Provision for income taxes ($2.4M, N/A). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is INOD research updated on 13F Pro?

INOD's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

INNODATA INC(INOD)Stock Analysis

AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →

Technology →Nasdaq

Institutional-grade research for retail investors

SEC EDGAR: CIK 903651 INOD stock profile & AI dashboard →

13F Pro Quality Score

70.6/100

Rank #299 of 2,879 stocksTOP 25%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

94.7/100

Profitability

67.4/100

Balance Sheet

97.6/100

Earnings Quality

98.8/100

Free Cash Flow

80.4/100

Institutional Flow

18.6/100

Revenue Scale

27.9/100

Dilution Risk

27.5/100

INOD Stock Analysis & AI Quality Score

AI stock analysis and institutional research for INNODATA INC (INOD), a Technology sector company. 13F Pro's AI-powered ranking engine scores INOD at 70.6/100 on a 32-signal composite quality model, placing it at rank #299 of 2,879 stocks — the top 25% of the AI-ranked universe. INOD scores in the top quartile across earnings quality (98.8), balance sheet strength (97.6), revenue growth (94.7). Areas of concern include institutional flow (18.6) and revenue scale (27.9), which score below median versus the broader universe. Shareholder dilution risk is elevated at 27.5/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), INNODATA INC reports quarterly revenue of $90.1M, net income of $14.9M, an operating margin of 19.3%. Top institutional holders of INOD by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, GEODE CAPITAL MANAGEMENT,, based on the most recent SEC filings. INOD trades on the Nasdaq exchange and files with the SEC under CIK 903651. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate INOD daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for INNODATA INC directly from SEC EDGAR. INNODATA INC's 13F Pro composite quality score has ranged between 8 and 87 since 2021, currently 70.6 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.

✦

Fun facts about INNODATA INC

Quirks, history, and lore behind INOD — the kind of stuff that makes a stock memorable.

1
The Basics
A U.S. technology services company · listed on Nasdaq · headquartered in New Jersey · with significant offshore operations in Asia.
2
The Numbers
A small-cap firm with annual revenue in the range of roughly $100 million — not a household name, but quietly busy processing enormous volumes of data.
3
The History
Founded in the early 1990s, it built its early business around digitizing and converting content — turning paper documents into structured digital data before that was cool.
4
The Secret
It has repositioned itself around AI and machine learning services, providing the kind of data annotation and enrichment that makes other companies' AI models actually work.
5
The Lore
Its workforce is heavily based in the Philippines and India, where human annotators do the painstaking labeling work that trains large language models — the unglamorous backbone of the AI boom.
6
The Giveaway
Its ticker spells out innovation in data, its name blends "innovation" with the word for information, and it has been riding the generative AI training-data wave since before ChatGPT made it fashionable.

▶ Think you know your stocks? Play the Daily Ticker

What's Driving INOD's Business? Latest 10-Q Breakdown

✓ 29/29 datapoints verified

AI-extracted from INNODATA INC's 10-Q filed 2026-05-07 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Innodata reported Q1 2026 revenues of $90.1M, up 54% YoY, driven by AI-related data services expansion; net income surged 91% to $14.9M as gross margin improved to 44%.

Biggest Revenue Drivers

Total revenue: $90.1M+54% YoY

AI-related data servicesPrimary component of $90.1M+54% YoY

Higher volume for AI-related data services, including expansion of existing customer programs and new client engagements supporting complex AI workflows.

Largest Expense Items

Direct operating costs$50.3M+43% YoY

Increase primarily attributable to headcount expansion to support higher volumes of AI-related services; $14.3M from labor-related costs, $1.0M cloud subscriptions.

Selling and administrative expenses$22.9M+53% YoY

Investments in growth-oriented functions; $8.5M from increased payroll for sales, account management, marketing resources; $0.5M higher software subscriptions.

Provision for income taxes$2.4MN/A

Effective tax rate 14.1%, up from 7.3%, primarily due to unfavorable U.S. tax implications of Global Intangible Low-Taxed Income (GILTI).

Margins: Gross margin expanded to 44% from 40% YoY, driven by operating leverage on higher revenues; adjusted gross margin increased to 47% from 43%. Selling and administrative expenses as a percentage of revenue declined to 25% from 26%, reflecting revenue growth outpacing cost increases.

Watch Items from the Filing

One customer represents 56% of Q1 2026 revenues; another customer represents 17%. High customer concentration risk.
Pending Philippine litigation: $5.4M principal judgment plus accruing legal interest at 6% annually; U.S. preliminary injunction in place, but unfavorable outcome could materially impact consolidated financial position.
Adjusted EBITDA grew 97% YoY to $25.0M; operating cash flow surged to $37.3M from $10.8M, demonstrating strong cash generation and improved profitability.
Cash and cash equivalents increased to $117.4M from $82.2M; working capital $104.0M; no material capital commitments; sufficient liquidity for 12+ months.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$90.1M

Net Income

Q1 2026

$14.9M

Free Cash Flow

Q1 2026

$34.8M

Operating Margin

Q1 2026

19.3%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+332.1% YoY

$251.7MFY 2025

FY17 $60.9MFY18 $57.4MFY20 $58.2MFY25 $251.7M

Net Income

+5115.8% YoY

$32.2MFY 2025

FY17 $-5.1MFY18 $-253.0KFY20 $617.0KFY25 $32.2M

Operating Income

$39.9MFY 2025

FY17 $-5.1MFY18 —FY20 —FY25 $39.9M

EPS (Diluted)

+4500.0% YoY

$0.92FY 2025

FY17 —FY18 —FY20 $0.02FY25 $0.92

Total Assets

+194.5% YoY

$168.6MFY 2025

FY17 $47.9MFY18 $44.9MFY20 $57.3MFY25 $168.6M

Total Debt

—FY 2025

FY17 $9.9MFY18 $7.1MFY20 $9.7MFY25 —

Op. Cash Flow

+726.0% YoY

$46.8MFY 2025

FY17 $639.0KFY18 $3.6MFY20 $5.7MFY25 $46.8M

Metric	FY 2025	FY 2020	FY 2018	FY 2017	FY 2016	FY 2012
Revenue	$251.7M +332.1%	$58.2M +1.4%	$57.4M -5.8%	$60.9M -3.4%	$63.1M -27.2%	$86.6M
Net Income	$32.2M +5115.8%	$617.0K +343.9%	$-253.0K +95.0%	$-5.1M +8.5%	$-5.5M -173.9%	$7.5M
Operating Income	$39.9M	—	—	$-5.1M -7.9%	$-4.7M -172.5%	$6.5M
EPS (Diluted)	$0.92 +4500.0%	$0.02	—	—	—	$0.28
Total Assets	$168.6M +194.5%	$57.3M +27.4%	$44.9M -6.1%	$47.9M +0.6%	$47.6M -28.1%	$66.2M
Total Debt	—	$9.7M +36.3%	$7.1M -28.4%	$9.9M +61.5%	$6.2M +22.9%	$5.0M
Operating Cash Flow	$46.8M +726.0%	$5.7M +58.7%	$3.6M +458.2%	$639.0K +123.4%	$-2.7M -115.4%	$17.8M

AI Insight: INOD Financial Trends

Revenue accelerated to $90M in Q1 2026, up 25% quarter-over-quarter and 55% year-over-year, while equity climbed steadily to $128M.

• Revenue surged from $72M in Q4 2025 to $90M in Q1 2026, marking 55% growth versus Q1 2025's $58M.

• Equity expanded consistently from $29M in Q2 2024 to $128M in Q1 2026, reflecting strong balance sheet growth.

• Operating cash flow jumped to $37M in Q1 2026 from $13M in Q4 2025, the highest level recorded.

⚠ Net income growth lagged revenue acceleration, rising only modestly from $9M to $15M despite 25% revenue jump.

⚠ Operating cash flow remains volatile, ranging from $4M to $37M across recent quarters without clear trend.

AI Insight: INOD Ratio Trends

INOD delivered exceptional profitability recovery with operating margin surging from 0.9% in Q2 2024 to 19.2% in Q1 2026.

• Operating margin expanded dramatically from 0.9% in Q2 2024 to 19.2% in Q1 2026, with consistent double-digit levels since Q3 2024.

• ROIC strengthened from 3.8% in Q2 2024 to 54.1% in Q1 2026, demonstrating significant capital efficiency improvement.

• Net profit margin recovered from -3.1% in Q2 2024 to 16.5% in Q1 2026, sustaining double-digit profitability.

⚠ Operating margin declined to 15.1% in Q4 2025 from 18.8% in Q3 2025, breaking sequential improvement trend.

⚠ ROIC dropped to 40.8% in Q4 2025 from 48.3% in Q3 2025 before rebounding to 54.1% in Q1 2026.

Get alerted when INOD's score changes

Free account: watchlist tracking, the daily AI brief, and the AI screener.

Passwordless sign-in · Payments by Stripe · Auth by Clerk

Available Research

13F Pro tracks comprehensive data for INNODATA INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of INOD

BlackRock, Inc.
$92.3M2,391,220 sh
VANGUARD CAPITAL MANAGEMENT LLC
$51.9M1,344,863 sh
GEODE CAPITAL MANAGEMENT, LLC
$30.0M777,294 sh
STATE STREET CORP
$27.5M711,140 sh
WELLINGTON MANAGEMENT GROUP LLP
$24.8M643,237 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$22.8M591,300 sh
DIMENSIONAL FUND ADVISORS LP
$22.5M583,239 sh
JANUS HENDERSON GROUP PLC
$20.3M526,012 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$18.1M469,600 sh
JANE STREET GROUP, LLC
$17.2M445,747 sh

Fund	Value	Shares
BlackRock, Inc.	$92.3M	2,391,220
VANGUARD CAPITAL MANAGEMENT LLC	$51.9M	1,344,863
GEODE CAPITAL MANAGEMENT, LLC	$30.0M	777,294
STATE STREET CORP	$27.5M	711,140
WELLINGTON MANAGEMENT GROUP LLP	$24.8M	643,237
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$22.8M	591,300
DIMENSIONAL FUND ADVISORS LP	$22.5M	583,239
JANUS HENDERSON GROUP PLC	$20.3M	526,012
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$18.1M	469,600
JANE STREET GROUP, LLC	$17.2M	445,747

More Technology Companies

View all Technology →

AGILENT TECHNOLOGIES, INC.

AAOI

APPLIED OPTOELECTRONICS, INC.

AAPL

Apple Inc.

ABNB

Airbnb, Inc.

ACCL

Acco Group Holdings Ltd

ACCS

ACCESS Newswire Inc.

ACFN

ACORN ENERGY, INC.

ACIW

ACI WORLDWIDE, INC.

Put INOD on your watchlist

Track score changes the day INNODATA INC files with the SEC, follow the hedge funds that own it, screen 2,800+ AI-scored stocks, and get the daily brief — free.

View Pricing

Free tier includes 13F data, economic indicators, and market overview. Pro starts at $6.67/mo (billed annually).

Passwordless sign-in · Payments by Stripe · Auth by Clerk

Popular Research

AAPL

Apple

MSFT

Microsoft

NVDA

NVIDIA

GOOG

Alphabet

AMZN

Amazon

Is INOD a good stock to buy?

13F Pro's AI-powered analysis of INNODATA INC (INOD) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for INOD are available on the INOD stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own INOD?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling INOD. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of INNODATA INC's investment landscape.