Growth Metrics

Innodata (INOD) Cost of Revenue (2016 - 2026)

Innodata has reported Cost of Revenue over the past 16 years, most recently at $44.7 million for Q4 2025.

  • For Q4 2025, Cost of Revenue rose 37.79% year-over-year to $44.7 million; the TTM value through Dec 2025 reached $152.2 million, up 47.2%, while the annual FY2025 figure was $152.2 million, 47.2% up from the prior year.
  • Cost of Revenue for Q4 2025 was $44.7 million at Innodata, up from $37.0 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $44.7 million in Q4 2025 and troughed at $10.1 million in Q1 2021.
  • A 5-year average of $20.3 million and a median of $13.7 million in 2022 define the central range for Cost of Revenue.
  • Biggest five-year swings in Cost of Revenue: dropped 4.03% in 2023 and later surged 121.53% in 2024.
  • Year by year, Cost of Revenue stood at $12.3 million in 2021, then increased by 3.68% to $12.7 million in 2022, then rose by 25.2% to $15.9 million in 2023, then surged by 103.3% to $32.4 million in 2024, then surged by 37.79% to $44.7 million in 2025.
  • Business Quant data shows Cost of Revenue for INOD at $44.7 million in Q4 2025, $37.0 million in Q3 2025, and $35.4 million in Q2 2025.