What is Innodata's net debt?

Innodata (INOD) reported net debt of -$113.27M in Q1 2026.

How has Innodata's net debt changed year-over-year?

Innodata's net debt decreased by 117.4% year-over-year, from -$52.11M to -$113.27M.

What is the long-term trend for Innodata's net debt?

Over 5 years (2020 to 2025), Innodata's net debt has grown at a 107.0% compound annual growth rate (CAGR), from -$2.05M to -$77.8M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Innodata INOD Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

See full

Revenue$90.1M+54.4%

Net income$14.9M+91.3%

EPS (diluted)$0.42+90.9%

Balance sheet

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Cash & equivalents$117.4M+108%

Total debt$4.1M-7.8%

Total equity$128.3M+69.9%

Total assets$210.4M+68.0%

Cash flow

See full

Operating cash flow$37.3M+245%

CapEx$2.4M+3.0%

Free cash flow$34.8M+313%

Valuation

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Market cap$2.84B+12.1%

Enterprise value$2.73B+6.9%

P/E72.3×+0.8×

P/S10×-2.5×

Profitability

See full

Operating margin-8.4%—

Net margin13.9%-3.7pp

FCF margin21.9%—

Returns & leverage

See full

Return on equity38.6%-30.2pp

Debt / equity0×0.0×

Current ratio2.5×+0.1×

Where this comes from

Calculated from Innodata’s reported figures.

$4.1Mtotal debt−$117.4Mcash and equivalents=-$113.27M

The official record: Innodata’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Innodata's net debt?: Innodata (INOD) reported net debt of -$113.27M in Q1 2026.
How has Innodata's net debt changed year-over-year?: Innodata's net debt decreased by 117.4% year-over-year, from -$52.11M to -$113.27M.
What is the long-term trend for Innodata's net debt?: Over 5 years (2020 to 2025), Innodata's net debt has grown at a 107.0% compound annual growth rate (CAGR), from -$2.05M to -$77.8M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.