Innodata reports after the market closes on Thursday 5 November. The company's trailing-twelve-month revenue reached $317.2 million, up 39.0% year on year, and the report will test whether that growth rate persists.
Source: reported quarterly EPS and aggregated third-party estimates. Historical surprises are context, not a forecast.
View chart data
| Period | Reported EPS | Analysts' estimate |
|---|---|---|
| Sep '25 | $0.24 | $0.16 |
| Dec '25 | $0.25 | $0.26 |
| Mar '26 | $0.42 | $0.18 |
| Jun '26 | $0.41 | $0.26 |
What analysts expect from Innodata
The analysts' average EPS estimate for the quarter is $0.27, in a range from $0.18 to $0.42. The average revenue estimate is $84.4 million.
The full-year EPS estimate is $1.65, up 78.8% on last year, based on 4 analysts. That estimate has risen 19.5% over the past 90 days. All four recommendations are positive.
Earnings surprise model
Our model estimates EPS could land above the analysts' average estimate by 26.8%. The estimated chance of an EPS beat is 62.5%, based on the last 4 quarters. The model shrinks the median recent surprise toward zero and uses a neutral prior for beat frequency; with only four quarters in the sample, this is a reference estimate, not company guidance.
Innodata's record against estimates
Innodata reported EPS above the analysts' average estimate in 3 of the last 4 quarters. Last quarter, EPS of $0.41 compared with an estimate of $0.26, above it by 57.3%.
Growth has slowed
Revenue grew 39.0% year on year, but that rate is down 1.1 percentage points from the quarter before. By the company's own standards the pace remains high, 39.0% is higher than 82% of past readings, which have ranged from −25.8% to 114.2%, yet the one-quarter change is in the other direction.
Margins are moving upward. The trailing operating margin is 15.8%, up 1.6 percentage points from a year earlier. Gross margin sits at 39.5% and net margin at 14.7%. Net income over the twelve months was $46.5 million, up 8.9% year on year.
Free cash flow over the twelve months was $183.8 million, up 413.4% year on year. The free-cash-flow margin reached 58.0% of revenue, up 42.3 percentage points from a year earlier, and exceeds every one of the company's own past quarterly readings, which have ranged from −13.9% to 21.9%. Capital spending was $12.4 million, or 3.9% of revenue. The average diluted share count rose 1.7% over the year.
Questions this report will answer
The report will show whether the slowdown in revenue growth continues, whether results land above or below the analysts' expectations set out above, and whether margins remain at the trailing levels described here.
The value hinges on growth more than margins
In our model, growth 5 percentage points lower would lower the value by 23.1%, and growth 5 percentage points higher would raise it by 29.5%. A free-cash-flow margin 1 percentage point lower would lower the value by 1.7%.
