Innodata Inc

Bull points

• Q126 was a record quarter for InnoData across all the key metrics that we're reporting. You know, revenue adjusted gross profit, adjusted EBITDA cash. We delivered 54% revenue growth. We expanded margins meaningfully. We generated significant cash without having to draw on a credit facility. Based on these results and our forward visibility, we are raising 2026 revenue growth guidance to approximately 40% or more year over year. We continue to view this outlook as I'll use the term prudent. We see potential upside as additional programs that are not included in that forecast convert and scale. A big tech customer that generated no revenue for us 12 months ago is now on track to become our second largest customer this year. Our customer concentration is improving in the very best possible way. Faster growth from the broader customer base while our largest customer continues to grow in absolute dollars. We're also continuing to innovate at an increasingly rapid pace. The strength of our research bench is showing up in customer outcomes and in external recognition, like Esther's two ICML 2026 paper acceptances and her one spotlight designation. Really exciting stuff. We launched our evaluation and observability platform in beta in the quarter, and no sooner did we launch than we closed a $1 million opportunity with one of the world's largest hyperscalers around that platform. So we're really excited about what lies ahead. We're confident that 2026 is going to be an exciting and tremendous year for the company.
• Q126 was a record quarter for InnoData across all the key metrics that we're reporting. You know, revenue adjusted gross profit, adjusted EBITDA cash. We delivered 54% revenue growth. We expanded margins meaningfully. We generated significant cash without having to draw on a credit facility. Based on these results and our forward visibility, we are raising 2026 revenue growth guidance to approximately 40% or more year over year. We continue to view this outlook as I'll use the term prudent. We see potential upside as additional programs that are not included in that forecast convert and scale. A big tech customer that generated no revenue for us 12 months ago is now on track to become our second largest customer this year. Our customer concentration is improving in the very best possible way. Faster growth from the broader customer base while our largest customer continues to grow in absolute dollars. We're also continuing to innovate at an increasingly rapid pace. The strength of our research bench is showing up in customer outcomes and in external recognition, like Esther's two ICML 2026 paper acceptances and her one spotlight designation. Really exciting stuff. We launched our evaluation and observability platform in beta in the quarter, and no sooner did we launch than we closed a $1 million opportunity with one of the world's largest hyperscalers around that platform. So we're really excited about what lies ahead. We're confident that 2026 is going to be an exciting and tremendous year for the company.
• Q126 was a record quarter for InnoData across all the key metrics that we're reporting. You know, revenue adjusted gross profit, adjusted EBITDA cash. We delivered 54% revenue growth. We expanded margins meaningfully. We generated significant cash without having to draw on a credit facility. Based on these results and our forward visibility, we are raising 2026 revenue growth guidance to approximately 40% or more year over year. We continue to view this outlook as I'll use the term prudent. We see potential upside as additional programs that are not included in that forecast convert and scale. A big tech customer that generated no revenue for us 12 months ago is now on track to become our second largest customer this year. Our customer concentration is improving in the very best possible way. Faster growth from the broader customer base while our largest customer continues to grow in absolute dollars. We're also continuing to innovate at an increasingly rapid pace. The strength of our research bench is showing up in customer outcomes and in external recognition, like Esther's two ICML 2026 paper acceptances and her one spotlight designation. Really exciting stuff. We launched our evaluation and observability platform in beta in the quarter, and no sooner did we launch than we closed a $1 million opportunity with one of the world's largest hyperscalers around that platform. So we're really excited about what lies ahead. We're confident that 2026 is going to be an exciting and tremendous year for the company.