# Innodata's Record Q3 Revenue of $95.6 Million Beats Consensus as CEO Rahul Singhal Raises 2026 Outlook

> Innodata reported record Q3 2026 revenue of $95.6 million, up 53% year over year, and raised its full-year 2026 revenue growth guidance to 42% or more.

- Published: 2026-11-06T07:38:01+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-06/innodata-record-q3-revenue-guidance
- Source: [TradingView](https://www.tradingview.com/news/reuters.com,2026-11-06:newsml_RSF0542Ca:0-rcs-innodata-inc-innodata-reports-record-third-quarter-2026-results/)

## Key takeaways

- Innodata reported Q3 2026 revenue of $95.6 million, up 53% year over year, and adjusted EBITDA of $17.7 million.
- The company raised its full-year 2026 revenue growth guidance to 42% or more from 40% or more.
- Innodata signed an additional program in Q4 valued at approximately $18 million with a customer that became its largest in Q3.

[Innodata](https://akta.pro/company-profiles/000bsfi/innodata) reported record third-quarter 2026 revenue of $95.6 million, up 53% year over year, and adjusted EBITDA of $17.7 million, according to results published by [TradingView](https://www.tradingview.com/news/reuters.com,2026-11-06:newsml_RSF0542Ca:0-rcs-innodata-inc-innodata-reports-record-third-quarter-2026-results/). The data engineering company raised its full-year 2026 revenue growth guidance to 42% or more from 40% or more.

## Innodata's Quarter in Detail

Innodata, founded in 1988 and headquartered in Ridgefield Park, provides data, evaluation frameworks and human expertise for building AI systems, according to [akta.pro company records](https://akta.pro/company-data). Revenue of $95.6 million exceeded analyst consensus by approximately $12.3 million, or 15%, CEO Rahul Singhal said. Adjusted EBITDA of $17.7 million, or 18.5% of revenue, rose from $16.2 million a year earlier. Net income was $10.3 million, or $0.30 per basic share and $0.29 per diluted share, compared with $8.3 million, or $0.26 per basic share and $0.24 per diluted share, in the same period last year.

Singhal said, "Q3 was another record revenue quarter for Innodata." He added that the quarter marked the company's 13th consecutive quarter of year-over-year growth and his first earnings report as CEO. A customer that represented less than 5% of revenue a year ago became Innodata's largest customer in Q3, and the company has signed an additional program with that customer in Q4 valued at approximately $18 million. Innodata also won five new programs with a large hyperscaler and added five new logos in Q3.

[American Banking and Market News](https://www.americanbankingnews.com/2026/11/06/what-innodata-inod-said-on-its-q3-earnings-call.html) reported that Innodata expects new programs to replace revenue from a customer program ending in mid-October, with replacement expected by Q1 2027.

## Innodata's Cash and Balance Sheet

Cash and cash equivalents stood at $164.0 million as of September 30, 2026, an increase of $81.7 million from $82.2 million as of December 31, 2025, according to the same records. Net of customer prepayments related to pass-through costs, cash was approximately $153.7 million. Adjusted gross profit was $38.3 million, representing an adjusted gross margin of 40%.

## Innodata's Recent Moves

In May 2026, Innodata hosted its annual GenAI Summit London 2026, themed on trustworthy AI, world models, physical AI and agentic systems, according to akta.pro company records. The company also launched a Federal AI Solutions practice targeting defense, intelligence and civilian agencies with security-cleared teams and ITAR-compliant workflows. Innodata introduced an Agentic AI Evaluation & Observability platform for pre-deployment validation and post-deployment monitoring of agentic AI systems.

## Innodata's Federal Contract and 2027 Outlook

Singhal said Innodata has a verbal win for a Federal contract valued at $5 million per year for five years, which the company expects to sign by the end of the fourth quarter. Innodata is in pilots with frontier and robotics labs and anticipates that just one of these pilots, if successful, will yield approximately $7 million in revenue in 2027. The company also forecasts more than $20 million of revenue in 2027 from the hyperscaler customer.

## Companies in this story

- [Innodata company profile](https://akta.pro/company-profiles/000bsfi/innodata) · website: http://www.innodata.com

---
News for Agent · https://newsforagent.com/llms.txt