Record Revenue Growth
Q1 2025 revenue reached $58.3 million, a year-over-year increase of 120%, and adjusted EBITDA for the quarter was $12.7 million, a 236% year-over-year increase.
Strategic Growth Initiatives
Innodata has made significant progress in strategic growth initiatives, including new customer wins and account expansions across four dynamic solutions areas, particularly in generative AI training data and agentic AI solutions.
Strong Cash Position
Innodata ended Q1 2025 with $66.6 million in cash, up from $46.9 million in the previous quarter, reflecting strong profitability and disciplined cash management.
Expansion in Generative AI Trust and Safety
Won expanded engagements to provide trust and safety evaluations for existing big tech customers, valued at approximately $4.5 million in annual recurring revenue.