Innodata Announces Record Q2 2026 Financial Results and Leadership Transition

Innodata Inc. has reported a record second quarter for 2026, with revenue reaching $92.1 million, marking a 58% increase year-over-year. Adjusted EBITDA reached $25.4 million, surpassing consensus estimates by 50%. The company's adjusted gross margin expanded to 49%, driven by off-the-shelf datasets and high-value pre-training programs.

Net income for the quarter stood at $14.4 million, with earnings per share of $0.43 basic and $0.41 diluted. Cash and equivalents surged to $250.4 million, a $168.2 million increase from December 2025.

Innodata is set for a leadership change, with Rahul Singhal becoming President and CEO effective September 30, while founder Jack Abuhoff transitions to Executive Chairman. This shift aims to further Innodata's growth and innovation strides, particularly in AI research and development initiatives.