v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 59,792 $ 46,897
Accounts receivable, net of allowance for credit losses 34,124 28,013
Prepaid expenses and other current assets 6,773 6,090
Total current assets 100,689 81,000
Property and equipment, net 4,710 4,101
Right-of-use-asset, net 3,830 4,238
Other assets 1,342 1,267
Deferred income taxes, net 6,036 7,492
Intangibles, net 13,930 13,353
Goodwill 2,086 1,998
Total assets 132,623 113,449
Current liabilities:    
Accounts payable 4,491 4,554
Accrued expenses 5,144 4,891
Accrued salaries, wages and related benefits 12,377 13,836
Deferred revenues 6,485 8,010
Income and other taxes 4,220 5,695
Long-term obligations - current portion 1,477 1,643
Operating lease liability - current portion 928 877
Total current liabilities 35,122 39,506
Deferred income taxes, net 71 32
Long-term obligations, net of current portion 7,493 6,744
Operating lease liability, net of current portion 3,295 3,778
Total liabilities 45,981 50,060
Commitments and contingencies
STOCKHOLDERS' EQUITY:    
Serial preferred stock; 4,998,000 shares authorized, none issued and outstanding
Common stock, $.01 par value; 75,000,000 shares authorized; 35,029,000 shares issued and 31,845,000 outstanding at June 30, 2025 and 34,484,000 shares issued and 31,300,000 outstanding at December 31, 2024 350 345
Additional paid-in capital 60,150 53,085
Retained earnings 33,983 18,977
Accumulated other comprehensive loss (1,293) (2,470)
Stockholders' equity before treasury stock, total 93,190 69,937
Less: treasury stock, 3,184,000 shares at June 30, 2025 and December 31, 2024, at cost (6,465) (6,465)
Stockholders' equity Innodata Inc. and subsidiaries 86,725 63,472
Non-controlling interests (83) (83)
Total Stockholders' equity 86,642 63,389
Total liabilities and stockholders' equity $ 132,623 $ 113,449