Innodata (INOD) Cost of Revenue (2010 - 2026)
Innodata's (INOD) quarterly Cost of Revenue came in at $50.3 million in Q1 2026, up 43.35% year-on-year from $35.1 million in Q1 2025, and up 12.6% quarter-over-quarter from $44.7 million in Q4 2025.
Innodata (INOD) Cost of Revenue (2010 - 2026) Analysis & Trends
Innodata's Cost of Revenue history runs 17 years deep, the most recent figure standing at $50.3 million for Q1 2026.
- On a quarterly basis, Cost of Revenue rose 43.35% year-over-year to $50.3 million in Q1 2026; TTM through Mar 2026 was $167.4 million, a 37.65% increase from a year earlier, with the FY2025 full-year figure at $152.2 million, up 47.2% from the prior year.
- Cost of Revenue improved to $50.3 million in Q1 2026 per INOD's latest filing, from $44.7 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $50.3 million in Q1 2026 and bottomed at $12.4 million in Q3 2022.
- The 5-year median for Cost of Revenue is $16.9 million (2024), against an average of $24.3 million.
- Across the five-year window, Cost of Revenue slipped 4.03% in 2023 and jumped 121.53% in 2024, its largest moves.
- Year by year, Cost of Revenue stood at $12.7 million in 2022, then grew by 25.2% to $15.9 million in 2023, then soared by 103.3% to $32.4 million in 2024, then soared by 37.79% to $44.7 million in 2025, then gained by 12.6% to $50.3 million in 2026.
- Per Business Quant, the three latest INOD Cost of Revenue figures stand at $50.3 million (Q1 2026), $44.7 million (Q4 2025), and $37.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 203.45 Bn | 192.09 Bn | 9.91 Bn | 7.26 Bn |
| 2 | Accenture | 94.76 Bn | 84.59 Bn | 6.13 Bn | 12.58 Bn |
| 3 | Cgi | 61.46 Bn | 60.81 Bn | - | - |
| 4 | GDS Holdings | 48.81 Bn | 46.67 Bn | 164.04 Mn | 324.09 Mn |
| 5 | Infosys | 47.98 Bn | 47.98 Bn | 1.60 Bn | 3.48 Bn |
| 6 | Cognizant Technology Solutions | 22.55 Bn | 21.03 Bn | 1.78 Bn | 3.64 Bn |
| 7 | Fidelity National Information Services | 22.25 Bn | 21.49 Bn | 1.11 Bn | 2.19 Bn |
| 8 | Wipro | 20.03 Bn | 15.85 Bn | 738.00 Mn | 1.85 Bn |
| 9 | Cdw | 17.85 Bn | 17.27 Bn | 1.19 Bn | 4.49 Bn |
| 10 | Innodata | 1.95 Bn | 1.83 Bn | 39.79 Mn | 50.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 50.30 Mn |
| Mar 31, 2026 | 50.30 Mn |
| Dec 31, 2025 | 44.68 Mn |
| Dec 31, 2025 | 44.68 Mn |
| Sep 30, 2025 | 37.05 Mn |
| Sep 30, 2025 | 37.05 Mn |
| Jun 30, 2025 | 35.37 Mn |
| Jun 30, 2025 | 35.37 Mn |
| Mar 31, 2025 | 35.09 Mn |
| Mar 31, 2025 | 35.09 Mn |
| Dec 31, 2024 | 32.42 Mn |
| Dec 31, 2024 | 32.42 Mn |
| Sep 30, 2024 | 30.89 Mn |
| Sep 30, 2024 | 30.89 Mn |
| Jun 30, 2024 | 23.20 Mn |
| Jun 30, 2024 | 23.20 Mn |
| Mar 31, 2024 | 16.87 Mn |
| Mar 31, 2024 | 16.87 Mn |
| Dec 31, 2023 | 15.95 Mn |
| Dec 31, 2023 | 15.95 Mn |