Innodata (INOD) Operating Expenses (2010 - 2026)
Innodata (INOD) posted Operating Expenses of $74.6 million for Q2 2026, up 2.52% on a QoQ basis from $72.8 million in Q1 2026, and up 52.51% year-over-year from $48.9 million in Q2 2025.
Analysis
Innodata (INOD) Operating Expenses (2010 - 2026) Analysis & Trends
Innodata has reported Operating Expenses for 17 years, with the latest figure at $74.6 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 52.51% year-over-year to $74.6 million in Q2 2026; TTM through Jun 2026 was $258.7 million, a 38.02% increase from a year earlier, with the FY2025 full-year figure at $210.2 million, up 44.02% from the prior year.
- Operating Expenses was $74.6 million for Q2 2026 at Innodata, up from $72.8 million in the prior quarter.
- The five-year high for Operating Expenses was $74.6 million in Q2 2026, with the low at $20.3 million in Q2 2023.
- Average Operating Expenses over 5 years is $37.8 million, with a median of $28.7 million recorded in 2024.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses declined 12.83% in 2023, then jumped 99.06% in 2025.
- Over 5 years, Operating Expenses stood at $21.1 million in 2022, then advanced by 14.71% to $24.2 million in 2023, then jumped by 97.59% to $47.8 million in 2024, then grew by 27.57% to $61.0 million in 2025, then grew by 22.24% to $74.6 million in 2026.
- The last three Operating Expenses figures came in at $74.6 million (Q2 2026), $72.8 million (Q1 2026), and $61.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 44.60 Bn | 44.60 Bn | 1.60 Bn | 528.00 Mn |
| 2 | Cognizant Technology Solutions | 27.24 Bn | 26.19 Bn | 1.83 Bn | 812.00 Mn |
| 3 | Cgi | 15.46 Bn | 14.88 Bn | - | 12.44 Mn |
| 4 | EPAM Systems | 5.93 Bn | 5.14 Bn | 429.57 Mn | 245.25 Mn |
| 5 | Science Applications International | 5.44 Bn | 5.32 Bn | 239.00 Mn | 87.00 Mn |
| 6 | ExlService Holdings | 5.32 Bn | 5.04 Bn | 225.96 Mn | 138.67 Mn |
| 7 | Kyndryl Holdings | 2.81 Bn | 695.01 Mn | 776.00 Mn | 630.00 Mn |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn | 86.63 Mn |
| 9 | Innodata | 1.80 Bn | 1.55 Bn | 42.46 Mn | 74.59 Mn |
| 10 | DXC Technology | 1.79 Bn | -213.43 Mn | 611.00 Mn | 2.76 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 74.59 Mn |
| Mar 31, 2026 | 72.75 Mn |
| Dec 31, 2025 | 61.02 Mn |
| Sep 30, 2025 | 50.37 Mn |
| Jun 30, 2025 | 48.91 Mn |
| Mar 31, 2025 | 49.95 Mn |
| Dec 31, 2024 | 47.83 Mn |
| Sep 30, 2024 | 40.78 Mn |
| Jun 30, 2024 | 32.28 Mn |
| Mar 31, 2024 | 25.09 Mn |
| Dec 31, 2023 | 24.21 Mn |
| Sep 30, 2023 | 21.41 Mn |
| Jun 30, 2023 | 20.28 Mn |
| Mar 31, 2023 | 20.73 Mn |
| Dec 31, 2022 | 21.10 Mn |
| Sep 30, 2022 | 21.51 Mn |
| Jun 30, 2022 | 23.27 Mn |
| Mar 31, 2022 | 23.61 Mn |
| Dec 31, 2021 | 20.31 Mn |
| Sep 30, 2021 | 17.97 Mn |