Comparative Growth Analysis of Innodata and Workiva
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 24 2026
0mins
Source: Fool
- Customer Concentration Risk: Innodata derives 58% of its revenue from a single client, which significantly increases business risk; losing this client could lead to a sharp revenue decline, especially since contracts are often project-based and terminable with just 30 days' notice.
- Financial Performance of Innodata: For fiscal 2025, Innodata reported nearly $252 million in revenue, a 48% increase year-over-year, and while net income was approximately $32 million with a net margin decrease from 16.8% to 12.8%, the company remains profitable, reflecting strong demand in the AI data engineering sector.
- Stability of Workiva: Workiva generates about 92% of its revenue from recurring subscription and support fees, achieving nearly 20% revenue growth to $884 million in fiscal 2025; despite reporting a net loss of $26 million, this marks an improvement from the previous year's loss, indicating a trend towards potential profitability.
- Risks and Opportunities: Innodata faces risks from customer concentration and geopolitical factors, while Workiva must navigate market competition and regulatory changes; both companies are striving for profitability, but Innodata's rapid growth and AI demand present significant market opportunities.
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Analyst Views on INOD
Wall Street analysts forecast INOD stock price to rise
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 73.120
Low
80.00
Averages
93.75
High
110.00
Current: 73.120
Low
80.00
Averages
93.75
High
110.00
About INOD
Innodata Inc. is a global data engineering company. It provides a range of transferable solutions, platforms, and services for generative artificial intelligence (AI)/AI builders and adopters. Its Digital Data Solutions segment provides AI data preparation services, collecting or creating training data, annotating training data, and training AI algorithms for its customers, and AI model deployment and integration. It also provides a range of data engineering support services. Its Synodex segment provides an industry platform that transforms medical records into useable digital data organized in accordance with its proprietary data models or customer data models. Its Agility segment provides an industry platform that provides marketing communications and public relations professionals with the ability to target and distribute content to journalists and social media influencers worldwide and to monitor and analyze global news channels (print, Web, radio and TV) and social media channels.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Investment Analysis: Adobe vs. Innodata for 2026
- Adobe Financial Performance: Adobe's FY 2025 revenue reached nearly $23.8 billion, reflecting a growth of approximately 10.5%, with a net income of about $7.1 billion and a net margin of 30%, showcasing its strong profitability in the competitive application software sector.
- Innodata Growth Potential: Innodata reported FY 2025 revenue of approximately $251.7 million, representing a 48% increase year-over-year, with a net income of around $32.2 million and a net margin of nearly 12.8%, indicating successful scaling despite significant customer concentration risk.
- Risk Comparison: Adobe faces management uncertainty and regulatory risks, particularly after a $150 million settlement regarding consumer subscription cancellations, which could impact investor confidence; meanwhile, Innodata's reliance on a single customer for 58% of its revenue poses a critical financial risk if that relationship changes.
- Valuation Comparison: Adobe's forward P/E ratio stands at 8.2x, indicating a conservative valuation, while Innodata commands a significant growth premium with a forward P/E of 67.8x, suggesting that Adobe offers a more attractive entry point in the technology sector.
See More
Comparative Growth Analysis of Innodata and Workiva
- Customer Concentration Risk: Innodata derives 58% of its revenue from a single client, which significantly increases business risk; losing this client could lead to a sharp revenue decline, especially since contracts are often project-based and terminable with just 30 days' notice.
- Financial Performance of Innodata: For fiscal 2025, Innodata reported nearly $252 million in revenue, a 48% increase year-over-year, and while net income was approximately $32 million with a net margin decrease from 16.8% to 12.8%, the company remains profitable, reflecting strong demand in the AI data engineering sector.
- Stability of Workiva: Workiva generates about 92% of its revenue from recurring subscription and support fees, achieving nearly 20% revenue growth to $884 million in fiscal 2025; despite reporting a net loss of $26 million, this marks an improvement from the previous year's loss, indicating a trend towards potential profitability.
- Risks and Opportunities: Innodata faces risks from customer concentration and geopolitical factors, while Workiva must navigate market competition and regulatory changes; both companies are striving for profitability, but Innodata's rapid growth and AI demand present significant market opportunities.
See More
Comparative Market Analysis of Innodata and Workiva
- Innodata Growth Potential: Innodata's revenue reached nearly $252 million in fiscal 2025, marking a 48% increase driven by surging demand for high-quality data, although its revenue concentration of 58% from a single client poses significant business risks.
- Workiva Market Position: Workiva achieved revenue of $884 million in fiscal 2025, growing nearly 20%, with approximately 92% of its revenue derived from predictable subscription and support fees, underscoring its strong position in financial and compliance reporting.
- Financial Health: Innodata's debt-to-equity ratio stands at 0.1, indicating low debt levels, while Workiva's ratio is -145, reflecting liabilities exceeding shareholder equity, although both companies reported robust free cash flow for the year.
- Risks and Opportunities: Innodata faces challenges from customer concentration and geopolitical instability, while Workiva must navigate competitive pressures and regulatory changes, requiring investors to weigh the growth potential against inherent risks.
See More
Investment Choices: Innodata vs PAR Technology
- Innodata Financial Performance: In FY 2025, Innodata achieved revenue of $251.7 million, a 47.6% increase year-over-year, with a net income of $32.2 million and a net margin of 12.8%, highlighting its strong growth potential in the AI data services sector, making it an attractive investment.
- PAR Technology Market Expansion: PAR Technology generated revenue of $455.5 million in FY 2025, up 30.2% year-over-year, despite a net loss of $84.5 million and a negative net margin of 18.5%, indicating its focus on expanding market share over immediate profitability.
- Risk Analysis: Innodata faces significant risks due to high customer concentration, where losing its largest client could eliminate over half of its sales, alongside ongoing labor litigation in the Philippines; PAR Technology relies heavily on McDonald's for revenue, and any reduction in this partnership could materially impact its financials.
- Future Outlook: Innodata reported Q1 2026 revenue of $90.1 million, a 54% year-over-year increase, raising its full-year guidance to over 40% growth, while PAR Technology's revenue growth is slowing, with Q2 forecasts between $122.5 million and $127.5 million, potentially affecting its stock performance.
See More
Investment Outlook for Innodata vs PAR Technology
- Revenue Growth Comparison: Innodata's revenue reached $251.7 million in FY 2025, reflecting a robust 47.6% growth driven by demand for AI data services, while PAR Technology generated $455.5 million, a 30.2% increase, but still reported a net loss.
- Customer Concentration Risk: Innodata's top client accounted for 58% of its total revenue, posing a significant revenue concentration risk, whereas PAR Technology's McDonald's client represented 21% of its revenue, indicating similar dependency issues.
- Financial Health Status: Innodata boasts a zero debt-to-equity ratio, indicating minimal debt, with a current ratio of 2.7, showcasing strong liquidity; in contrast, PAR Technology has a debt-to-equity ratio of 0.5 and a current ratio of 1.7, suggesting tighter financial conditions.
- Future Outlook: Innodata anticipates over 40% revenue growth in 2026, with Q1 net income of $14.9 million and a stock price peak of $125.14 on June 4, while PAR Technology's Q1 revenue was $124 million, a 19% increase, but faces risks of declining profitability.
See More
Jim Cramer's Insights on Various Stocks
- NioCorp Outlook: Jim Cramer views NioCorp as too speculative, favoring MP Materials, which has government backing, indicating stronger market confidence and stability.
- SoFi Investment Opportunity: Cramer highlights that SoFi's stock price around $18 is a buying opportunity, suggesting optimism about its future performance, which may attract more investor interest.
- Rivian Financial Concerns: Cramer expresses concerns over Rivian's financial performance, noting excessive losses and advising caution for investors, which could lead to further declines in stock price.
- SoundHound AI Risks: Cramer gives a very negative assessment of SoundHound AI, labeling it a “meme stock” and recommending selling, reflecting high uncertainty in the market regarding such stocks.
See More
Investment Analysis: Adobe vs. Innodata for 2026
- Adobe Financial Performance: Adobe's FY 2025 revenue reached nearly $23.8 billion, reflecting a growth of approximately 10.5%, with a net income of about $7.1 billion and a net margin of 30%, showcasing its strong profitability in the competitive application software sector.
- Innodata Growth Potential: Innodata reported FY 2025 revenue of approximately $251.7 million, representing a 48% increase year-over-year, with a net income of around $32.2 million and a net margin of nearly 12.8%, indicating successful scaling despite significant customer concentration risk.
- Risk Comparison: Adobe faces management uncertainty and regulatory risks, particularly after a $150 million settlement regarding consumer subscription cancellations, which could impact investor confidence; meanwhile, Innodata's reliance on a single customer for 58% of its revenue poses a critical financial risk if that relationship changes.
- Valuation Comparison: Adobe's forward P/E ratio stands at 8.2x, indicating a conservative valuation, while Innodata commands a significant growth premium with a forward P/E of 67.8x, suggesting that Adobe offers a more attractive entry point in the technology sector.
See More
Comparative Growth Analysis of Innodata and Workiva
- Customer Concentration Risk: Innodata derives 58% of its revenue from a single client, which significantly increases business risk; losing this client could lead to a sharp revenue decline, especially since contracts are often project-based and terminable with just 30 days' notice.
- Financial Performance of Innodata: For fiscal 2025, Innodata reported nearly $252 million in revenue, a 48% increase year-over-year, and while net income was approximately $32 million with a net margin decrease from 16.8% to 12.8%, the company remains profitable, reflecting strong demand in the AI data engineering sector.
- Stability of Workiva: Workiva generates about 92% of its revenue from recurring subscription and support fees, achieving nearly 20% revenue growth to $884 million in fiscal 2025; despite reporting a net loss of $26 million, this marks an improvement from the previous year's loss, indicating a trend towards potential profitability.
- Risks and Opportunities: Innodata faces risks from customer concentration and geopolitical factors, while Workiva must navigate market competition and regulatory changes; both companies are striving for profitability, but Innodata's rapid growth and AI demand present significant market opportunities.
See More
Comparative Market Analysis of Innodata and Workiva
- Innodata Growth Potential: Innodata's revenue reached nearly $252 million in fiscal 2025, marking a 48% increase driven by surging demand for high-quality data, although its revenue concentration of 58% from a single client poses significant business risks.
- Workiva Market Position: Workiva achieved revenue of $884 million in fiscal 2025, growing nearly 20%, with approximately 92% of its revenue derived from predictable subscription and support fees, underscoring its strong position in financial and compliance reporting.
- Financial Health: Innodata's debt-to-equity ratio stands at 0.1, indicating low debt levels, while Workiva's ratio is -145, reflecting liabilities exceeding shareholder equity, although both companies reported robust free cash flow for the year.
- Risks and Opportunities: Innodata faces challenges from customer concentration and geopolitical instability, while Workiva must navigate competitive pressures and regulatory changes, requiring investors to weigh the growth potential against inherent risks.
See More
Investment Choices: Innodata vs PAR Technology
- Innodata Financial Performance: In FY 2025, Innodata achieved revenue of $251.7 million, a 47.6% increase year-over-year, with a net income of $32.2 million and a net margin of 12.8%, highlighting its strong growth potential in the AI data services sector, making it an attractive investment.
- PAR Technology Market Expansion: PAR Technology generated revenue of $455.5 million in FY 2025, up 30.2% year-over-year, despite a net loss of $84.5 million and a negative net margin of 18.5%, indicating its focus on expanding market share over immediate profitability.
- Risk Analysis: Innodata faces significant risks due to high customer concentration, where losing its largest client could eliminate over half of its sales, alongside ongoing labor litigation in the Philippines; PAR Technology relies heavily on McDonald's for revenue, and any reduction in this partnership could materially impact its financials.
- Future Outlook: Innodata reported Q1 2026 revenue of $90.1 million, a 54% year-over-year increase, raising its full-year guidance to over 40% growth, while PAR Technology's revenue growth is slowing, with Q2 forecasts between $122.5 million and $127.5 million, potentially affecting its stock performance.
See More
Investment Outlook for Innodata vs PAR Technology
- Revenue Growth Comparison: Innodata's revenue reached $251.7 million in FY 2025, reflecting a robust 47.6% growth driven by demand for AI data services, while PAR Technology generated $455.5 million, a 30.2% increase, but still reported a net loss.
- Customer Concentration Risk: Innodata's top client accounted for 58% of its total revenue, posing a significant revenue concentration risk, whereas PAR Technology's McDonald's client represented 21% of its revenue, indicating similar dependency issues.
- Financial Health Status: Innodata boasts a zero debt-to-equity ratio, indicating minimal debt, with a current ratio of 2.7, showcasing strong liquidity; in contrast, PAR Technology has a debt-to-equity ratio of 0.5 and a current ratio of 1.7, suggesting tighter financial conditions.
- Future Outlook: Innodata anticipates over 40% revenue growth in 2026, with Q1 net income of $14.9 million and a stock price peak of $125.14 on June 4, while PAR Technology's Q1 revenue was $124 million, a 19% increase, but faces risks of declining profitability.
See More
Jim Cramer's Insights on Various Stocks
- NioCorp Outlook: Jim Cramer views NioCorp as too speculative, favoring MP Materials, which has government backing, indicating stronger market confidence and stability.
- SoFi Investment Opportunity: Cramer highlights that SoFi's stock price around $18 is a buying opportunity, suggesting optimism about its future performance, which may attract more investor interest.
- Rivian Financial Concerns: Cramer expresses concerns over Rivian's financial performance, noting excessive losses and advising caution for investors, which could lead to further declines in stock price.
- SoundHound AI Risks: Cramer gives a very negative assessment of SoundHound AI, labeling it a “meme stock” and recommending selling, reflecting high uncertainty in the market regarding such stocks.
See More
