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Innodata (INOD) Adjusted EBITDA by Segment

Adjusted EBITDA by Segment

Provides a view of operating performance by segment, excluding non-cash items and one-time charges, to assess underlying profitability and cash flow potential.

-$5.00M$0.00$5.00M$10.00M$15.00MMar 21Jun 21Sep 21Dec 21Mar 22Jun 22Sep 22Dec 22Mar 23Jun 23Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25
Chart Insights

DDS has become the clear profit engine after a sharp late‑2024 inflection, turning the business from marginal to materially EBITDA‑positive; Synodex and Agility have transitioned from losses to modest, stabilizing contributors, showing operational turnaround. Management links the uplift to new AI/pre‑training programs and wins, but the jump appears tied to large‑customer programs and is subject to timing and concentration risk. Expect near‑term margin normalization as the company reinvests for scale, with sustainability hinging on diversification of revenue beyond the largest client.

INOD Adjusted EBITDA by Segment

DateDDSSynodexAgility
Dec 31, 2025$14.07M$321.00K$1.35M
Sep 30, 2025$15.22M$135.00K$854.00K
Jun 30, 2025$12.21M$461.00K$558.00K
Mar 31, 2025$11.54M$418.00K$754.00K
Dec 31, 2024$12.24M$797.00K$1.10M
Sep 30, 2024$12.09M$531.00K$1.24M
Jun 30, 2024$1.27M$522.00K$990.00K
Mar 31, 2024$2.17M$462.00K$1.15M
Dec 31, 2023$2.67M$372.00K$1.24M
Sep 30, 2023$2.17M$61.00K$942.00K
Jun 30, 2023$792.00K$342.00K$449.00K
Mar 31, 2023$703.00K$240.00K-$142.00K
Dec 31, 2022$709.00K$22.00K-$485.00K
Sep 30, 2022$903.00K-$578.00K-$1.57M
Jun 30, 2022$602.00K-$359.00K-$1.55M
Mar 31, 2022$1.70M-$770.00K-$1.93M
Dec 31, 2021$2.75M-$713.00K-$1.73M
Sep 30, 2021$1.99M-$542.00K-$779.00K
Jun 30, 2021$1.47M-$270.00K-$534.00K
Mar 31, 2021$969.00K$159.00K$193.00K