Innodata's Q1 2026 Results: A Record Performance

Innodata Inc. announced a record-breaking first quarter for 2026, with a revenue increase of 54% year-over-year, totaling $90.1 million. The adjusted EBITDA surged to $25.0 million, marking a 139% improvement over consensus. The company’s adjusted gross margin also expanded to 47%.

The company raised its full-year revenue growth guidance to approximately 40%, up from 35%. A significant factor was the newly established engagement with a major Big Tech company, forecasted to generate approximately $51 million in revenue in 2026.

CEO Jack Abuhoff highlighted the operational leverage and scale being achieved, alongside enhanced margin and cash generation. Notably, the company secured increased diversity in its customer base, with aggregate revenue from Big Tech clients rising by 453% year-over-year.

Significant progress was achieved with the launch of the Evaluation and Observability Platform in beta. The company maintains robust cash reserves of $117.4 million without significant debt, positioning Innodata for continued growth and innovation.