Innodata Inc.

INODNASDAQTechnology● Active

$102.08

+$0.11(+0.10%)

Market Cap$3.3B

P/E Ratio—

52W High$118.45

52W Low$34.23

Avg Volume1.7M

Open$106.25

Beta2.83

Free Cash Flow Financials Revenue

Innodata Inc. (INOD) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

INOD · free cash flow · updated Jun 8, 2026

Core FCF metrics

INOD · FCF · TTM · margin & CAGR

Free cash flow was $35.6M for FY2025 (fiscal year ending 2025-12-31), up 30.7% year-over-year The FCF margin was 14.2%. Five-year CAGR stands at +53.0%.

FY2025 Free Cash Flow$35.6M▲ +30.7% YoY

Trailing 12M (TTM)$62.0Mtrailing 4 quarters sum

FCF Margin14.2%$35.6M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGR+53.0%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

INOD · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$46.8M(11M)$35.6M▲ +30.7%14.2%

FY2024$35.0M(8M)$27.3M▲ +7945.4%16.0%

FY2023$5.9M(6M)$339,000▲ +104.4%0.4%

FY2022−$1.2M(7M)−$7.7M▼ 1088.8%-9.8%

FY2021$5.2M(4M)$783,000▼ 81.6%1.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

INOD · P/FCF · FCF yield · FCF per share

Innodata Inc. (INOD) trades at a FCF yield of 1.82% and a price-to-free-cash-flow ratio of 52.3x. FCF per share stands at $1.95, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.82%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.95

TTM FCF ÷ Shares Outstanding

Price / FCF

x52.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x53.2

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

INOD · cash flow statement · operating / investing / financing

For FY2025, Innodata Inc. generated $46.8M in operating cash flow and spent 11M in capital expenditures, yielding $35.6M in free cash flow.

Operating Activities

+$46.8M

Cash from core business operations

2025-12-31

Investing Activities

−$11.1M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$0.4M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($46.8M) − |CapEx| (11M) = FCF ($35.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

INOD vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Innodata Inc.YOU

INOD

$35.6M+30.7%14.2%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Innodata Inc. (INOD) reported free cash flow of $35.6M for FY2025 (fiscal year ending 2025-12-31), up 30.7% year-over-year. The FCF margin was 14.2%.

Based on available data, Innodata Inc. has maintained positive free cash flow for at least 10 fiscal year(s). FCF peaked at $35.6M in FY2025. The 5-year CAGR stands at +53.0%.

Innodata Inc.'s FCF yield is 1.82% and price-to-FCF ratio is 52.3x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

INOD free cash flow · 8 questions

Innodata Inc. free cash flow was $35.6M for FY2025, up 30.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $62.0M.

INOD free cash flowINOD FCFINOD FCF 2025INOD free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Innodata Inc. · Innodata Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026