EarningsQ1 2026 Earnings Report
DE:ID6 Q1 2026 EPS Results
Actual EPS€0.37
Consensus EPS€0.07
Beat/MissBeat by +€0.30
One Year Ago EPS€0.19
DE:ID6 Q1 2026 Revenue Results
Actual Revenue€78.47M
Expected Revenue€66.60M
Beat/MissBeat by +€11.87M
YoY Revenue Growth+54.42%
Earnings Announcement Details
QuarterQ1 2026
Date05/07/2026
TimeAfter Close
Conference CallThursday, May 7, 2026
DE:ID6 Upcoming Earnings
Innodata's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q1 2026 Earnings Call Audio
DE:ID6 Q1 2026 Earnings Call
0:00 / 0:00
Q1 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q1 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong, broad-based operational and financial progress: a record quarter with substantial revenue, margin, EBITDA, cash generation, and multiple new high-value engagements and platform traction. Management raised full-year revenue guidance and highlighted durable operating leverage, product milestones, research recognition, and federal and trust & safety wins. Noted caution points include quarter-to-quarter phasing variability, certain one-time items (prepayments and tax benefits) supporting results, reduced segment disclosure, and potential concentration from a rapid-rise large customer. Overall, the positive operational momentum and sizable beats materially outweigh the cautions.Company Guidance
Record Quarter Across Key Metrics
Revenue of $90.1M, up 54% year-over-year and 24% sequentially; adjusted gross profit $42.6M (adjusted gross margin 47%), a 6 percentage-point sequential improvement and 7 points above the 40% target; adjusted EBITDA $25M (28% of revenue), representing ~96% growth in adjusted EBITDA versus 54% revenue growth.
Significant Beat vs. Street Expectations
Revenue exceeded analyst consensus by ~$13.6M (18%); adjusted EBITDA beat consensus of $10.4M by ~139%; fully diluted EPS $0.42 vs. consensus $0.08.
Strong Cash and Balance Sheet Position
Ended quarter with $117.4M in cash, up $35.1M sequentially from $82.2M; undrawn expanded Wells Fargo credit facility increased from $30M to $50M on a three-year term.
Raised Full-Year Guidance
Management raised 2026 revenue growth guidance to approximately 40% or more (up from prior 35% or more) based on Q1 results and visibility into additional programs.
Large New Big Tech Engagements
Announced new engagements with a leading big tech customer expected to potentially generate $51M of revenue this year; this customer generated zero revenue 12 months ago and is expected to become the company’s second-largest customer in 2026.
Diversification and Rapid Growth Outside Largest Customer
Revenue from other tech customers in aggregate grew 453% year-over-year, signaling accelerated diversification while largest account still growing in absolute dollars.
Product and Platform Milestones
Launched agent evaluation and observability platform in beta; closed a $1M platform engagement with a hyperscaler and reported 15 companies actively evaluating the platform; in discussions with two hyperscalers for potential channel partnerships.
Strategic Wins in Trust & Safety and Federal
Selected by a large hyperscaler as global trust & safety partner (initial SOW ~ $3M annual run-rate); line of sight to ~$8M TCV with a major cloud & commerce customer for trust, safety, and responsible AI programs; awarded prime contract position under Missile Defense Agency’s SHIELD program and finalist for a significant federal award.
Operating Leverage and Margin Expansion
Management highlighted structural operating leverage: adjusted EBITDA grew ~1.8x faster than revenue; gross-margin drivers include off-the-shelf datasets (IP retained for resale) and platform/synthetic-data technologies that decouple revenue from linear headcount growth.
Research Recognition and Talent Strength
Research team achievements include two ICML 2026 paper acceptances with one Spotlight designation (rare recognition); management emphasized senior hires from leading AI labs and expanded research capability as competitive advantage.
DE:ID6 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed