Innodata Inc 2026年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period endedMarch 31, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period fromto Commission file number:001-35774 (201) 371-8000(Registrant’s telephone number, including area code) None(Former name, former address and former fiscalyear, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of theSecurities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant wasrequired to file such reports), and (2)has been subject to such filing requirements for the past 90days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (or forsuch shorter period that the registrant was required to submit such files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,”“accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☑Smaller reporting company☐Emerginggrowth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section13(a)of theExchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☑ The number of outstanding shares of the registrant’s common stock, $0.01 par value per share, as of April 30, 2026was32,655,358. INNODATAINC. AND SUBSIDIARIESFor the Quarter Ended March 31, 2026 INDEX PartI– Financial Information No.Item1.Financial StatementsCondensed Consolidated Financial Statements (Unaudited):Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31,20252Condensed Consolidated Statements of Operations and Comprehensive Income forthe three months ended March 31, 2026 and 20253Condensed Consolidated Statements of Cash Flows for the three months endedMarch 31, 2026 and 20254Condensed Consolidated Statements of Stockholders’ Equity for the three monthsended March 31, 2026 and 20255Notesto Condensed Consolidated Financial Statements6Item2.Management’s Discussion and Analysis of Financial Condition and Results ofOperations25Item3.Quantitative and Qualitative Disclosures About Market Risk35Item4.Controls and Procedures35 PartII– Other Information Item1.Legal Proceedings36Item1A.Risk Factors36Item2.Unregistered Sales of Equity Securities and Use of Proceeds36Item3.Defaults Upon Senior Securities36Item4.Mine Safety Disclosures36Item5.Other Information36Item6.Exhibits37Signatures38 INNODATAINC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)(In thousands) March31,December31,20262025ASSETSCurrent assets:Cash and cash equivalents$117,366$82,230Accounts receivable, net of allowance for credit losses45,93746,510Prepaid expenses and other current assets10,4876,654Total current assets173,790135,394Property and equipment, net8,0147,966Right-of-use-asset, net3,8174,094Other assets3,3561,648Deferred income taxes, net5,2863,429Intangibles, net14,09013,983Goodwill2,0532,079Total assets$210,406$168,593 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities: Accounts payable$4,183$9,615Accrued expenses and other liabilities27,1809,612Accrued salaries, wages and related benefits21,40016,480Deferred revenues7,1547,493Income and other taxes6,3194,471Long-term obligations- current portion2,3041,659Operating lease liability- current portion1,2331,202Total current liabilities69,77350,532Deferred income taxes, net46146Long-term obligations, net of current portion9,5467,625Operating lease liability, net of current portion2,8663,228Total liabilities82,23161,531Commitments and contingencies-- INNODATAINC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS ANDCOMPREHENSIVE INCOME(Unaudited)(In thousands, except per share amounts) Three Months EndedMarch31, INNODATAINC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)(In thousands) Three Months EndedMarch31,20262025Cash flows from operating activities:Consolidated net income$14,898$7,787Adjustments to reconcile consolidated net income to net cash provided by operatingactivities:Stock-based compensation5,9082,881Depreciation and amortization2,1761,563Deferred income taxes(1,922)149Pension cost414342Changes in operating