Innodata reports 47.6% annual revenue growth driven by AI data services for major tech firms and labs.
Innodata posted $251.7 million in revenue for fiscal 2025, a 47.6% increase from the prior year, as demand for AI data engineering services accelerated. The company serves five of the “Magnificent Seven” tech firms and leading AI laboratories, though one customer accounted for 58% of total revenue, adding concentration risk.
Net income reached $32.2 million, yielding a 12.8% net margin. The company’s balance sheet showed no debt and a 2.7x current ratio, indicating strong liquidity. Free cash flow details were not disclosed in the report.
Innodata’s focus on AI data preparation contrasts with peers like PAR Technology, which targets enterprise hospitality software, highlighting divergent growth strategies in the tech sector.