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/company/INOD (free sign-up required for the full ranking).

Which hedge funds own the most INOD stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of INOD include BlackRock,, VANGUARD CAPITAL MANAGEMENT, JANE STREET GROUP,. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/INOD as soon as new 13F filings post.

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 are INOD's largest expenses?

INNODATA INC's latest 10-Q reports these as the largest expense items: Direct operating costs ($49.7M, +40% YoY); Selling and administrative expenses ($26.6M, +89% YoY); Stock-based compensation ($7.2M). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 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

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

13F Pro Quality Score

77.1/100

Rank #74 of 2,961 stocksTOP 5%

View Technology peers →

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

Revenue Growth

95.8/100

Profitability

64.9/100

Balance Sheet

95.6/100

Earnings Quality

86.8/100

Free Cash Flow

96.9/100

Institutional Flow

92.3/100

Revenue Scale

30.3/100

Dilution Risk

26.5/100

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Why INOD Scores 77/100

exact factor attribution · 2026-09-11

INOD's composite is driven by revenue growth and free cash flow, held back by scale and shareholder dilution. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+9.2 pts

96th pct

Free cash flow

+7.0 pts

97th pct

Capital efficiency

+4.6 pts

96th pct

Earnings quality

+3.7 pts

87th pct

Earnings growth

+2.5 pts

100th pct

Profitability

+2.2 pts

65th pct

Institutional flow

+2.1 pts

92th pct

Shareholder dilution

-1.2 pts

27th pct

Scale

-3.0 pts

30th pct

Latest change (2026-08-06): 71 → 69 · ↓ Free cash flow 80→66; despite ↑ Profit margin 67→77

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

INOD Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for INNODATA INC (INOD), a Technology sector company. 13F Pro's AI-powered ranking engine scores INOD at 77.1/100 on a 32-signal composite quality model, placing it at rank #74 of 2,961 stocks — the top 5% of the AI-ranked universe. INOD scores in the top quartile across free cash flow (96.9), revenue growth (95.8), balance sheet strength (95.6). Areas of concern include revenue scale (30.3), which score below median versus the broader universe. Shareholder dilution risk is elevated at 26.5/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), INNODATA INC reports quarterly revenue of $92.1M, net income of $14.4M, an operating margin of 19.1%. Top institutional holders of INOD by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, JANE STREET GROUP, 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 27 and 77 since 2021, currently 77.1 — an improving long-term trajectory across 68 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.

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

✓ 28/28 datapoints verified

AI-extracted from INNODATA INC's 10-Q filed 2026-08-06 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Revenue grew 58% YoY to $92.1M with gross margin expanding to 46% from 39%, but two customers alone supplied 37% and 34% of quarterly revenue.

Biggest Revenue Drivers

United States$79.9M

Others - European countries, principally Germany and Belgium$3.8M

Biggest Revenue Drivers

Total revenue: $92.1M+58% YoY

United States$79.9M

Others - European countries, principally Germany and Belgium$3.8M

Canada$3.3M

United Kingdom$3.0M

The Netherlands$2.2M

Largest Expense Items

Direct operating costs$49.7M+40% YoY

Increased headcount to support higher volumes of AI data engineering services from existing customer programs; $10.6M was labor-related.

Selling and administrative expenses$26.6M+89% YoY

Continued investments in growth-oriented and capability-building functions; $11.0M from selling, marketing and administrative payroll.

Stock-based compensation$7.2M

$6.5M recorded in selling and administrative expenses, $0.7M in direct operating costs.

Margins: Gross margin rose to 46% from 39% (adjusted gross margin 49% vs 43%) on higher revenues, offset in part by higher direct operating costs. S&A was 29% of revenue versus 24%.

Watch Items from the Filing

One customer generated approximately 37% and another approximately 34% of total revenues for the quarter; no other customer exceeded 10%.
At June 30, 2026, 66% of accounts receivable was due from two customers, up from 63% at December 31, 2025.
Advances from customers reached $67.0M versus $1.8M at year-end, with $61.8M of related incurred-but-unpaid project costs sitting in accounts payable and accrued expenses.
Philippine judgment exposure of approximately $5.3 million plus legal interest accruing at 6% per annum; other adverse outcomes of roughly $650,000 beyond recorded amounts are reasonably possible.
The D'Agostino securities class action was dismissed with prejudice on June 10, 2026.

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

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

Revenue

Q2 2026

$92.1M

Net Income

Q2 2026

$14.4M

Free Cash Flow

Q2 2026

$124.3M

Operating Margin

Q2 2026

19.1%

ROIC

Q2 2026

44.0%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+47.6% YoY

$251.7MFY 2025

FY22 $79.0MFY23 $86.8MFY24 $170.5MFY25 $251.7M

Net Income

+12.3% YoY

$32.2MFY 2025

FY22 $-11.9MFY23 $-908.0KFY24 $28.7MFY25 $32.2M

Operating Income

+63.8% YoY

$39.9MFY 2025

FY22 —FY23 $318.0KFY24 $24.3MFY25 $39.9M

EPS (Diluted)

+3.4% YoY

$0.92FY 2025

FY22 $-0.44FY23 $-0.03FY24 $0.89FY25 $0.92

Total Assets

+48.6% YoY

$168.6MFY 2025

FY22 $48.0MFY23 $59.4MFY24 $113.4MFY25 $168.6M

Total Debt

—FY 2025

FY22 $6.8MFY23 —FY24 —FY25 —

Op. Cash Flow

+34.1% YoY

$46.8MFY 2025

FY22 $-1.2MFY23 $5.9MFY24 $34.9MFY25 $46.8M

Free Cash Flow

+31.4% YoY

$35.6MFY 2025

FY22 $-7.7MFY23 $339.0KFY24 $27.1MFY25 $35.6M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$251.7M +47.6%	$170.5M +96.4%	$86.8M +9.8%	$79.0M +13.3%	$69.8M +19.8%	$58.2M
Net Income	$32.2M +12.3%	$28.7M +3256.4%	$-908.0K +92.4%	$-11.9M -613.4%	$-1.7M -371.2%	$617.0K
Operating Income	$39.9M +63.8%	$24.3M +7552.8%	$318.0K	—	—	—
EPS (Diluted)	$0.92 +3.4%	$0.89 +3066.7%	$-0.03 +93.2%	$-0.44 -633.3%	$-0.06 -400.0%	$0.02
Total Assets	$168.6M +48.6%	$113.4M +90.9%	$59.4M +23.7%	$48.0M -18.9%	$59.2M +3.4%	$57.3M
Total Debt	—	—	—	$6.8M -22.1%	$8.8M -9.6%	$9.7M
Operating Cash Flow	$46.8M +34.1%	$34.9M +490.6%	$5.9M +585.4%	$-1.2M -123.6%	$5.2M -9.0%	$5.7M
Free Cash Flow	$35.6M +31.4%	$27.1M +7900.9%	$339.0K +104.4%	$-7.7M -1088.8%	$783.0K -81.6%	$4.2M

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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.
$205.4M2,717,666 sh
VANGUARD CAPITAL MANAGEMENT LLC
$105.1M1,390,637 sh
JANE STREET GROUP, LLC
$96.4M1,274,821 sh
D. E. Shaw & Co., Inc.
$66.4M878,778 sh
GEODE CAPITAL MANAGEMENT, LLC
$63.2M836,643 sh
STATE STREET CORP
$61.3M811,360 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$50.0M661,200 sh
DIMENSIONAL FUND ADVISORS LP
$44.9M594,706 sh
Jupiter Topco LLC
$39.2M518,382 sh
JPMORGAN CHASE & CO
$36.8M479,084 sh

Fund	Value	Shares
BlackRock, Inc.	$205.4M	2,717,666
VANGUARD CAPITAL MANAGEMENT LLC	$105.1M	1,390,637
JANE STREET GROUP, LLC	$96.4M	1,274,821
D. E. Shaw & Co., Inc.	$66.4M	878,778
GEODE CAPITAL MANAGEMENT, LLC	$63.2M	836,643
STATE STREET CORP	$61.3M	811,360
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$50.0M	661,200
DIMENSIONAL FUND ADVISORS LP	$44.9M	594,706
Jupiter Topco LLC	$39.2M	518,382
JPMORGAN CHASE & CO	$36.8M	479,084

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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. INOD is classified as a small company.

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.