Innodata Inc

Revenue hit 92.1 million dollars last quarter, up 58 percent from a year ago, and that was the 12th quarter in a row of growth. Profit jumped to 14.4 million dollars from 7.2 million a year earlier, and the slice of each sale they keep climbed to 49 percent, nine points above their own 40 percent target.

The biggest worry about this company was one customer carrying too much of the load. That customer fell from 56 percent of revenue to 37 percent in a single quarter, while a giant tech client grew from 17 percent to 34 percent. They also landed one of the fastest scaling AI labs as a new customer and still expect full year revenue growth of 40 percent or more.

The founder who built this company is handing over the wheel. On September 30 Rahul Singhal becomes chief executive and Jack Abuhoff moves to executive chairman. There is also a brand new chief financial officer. Leadership changes at a company growing 58 percent a year always carry some risk, even when they are planned.

This stock moves hard. It ran from 30 dollars to 93 dollars between July and October 2025, then fell back below 30 dollars by April 2026 with little change in the actual business. With a beta of 2.92, a single AI headline can swing the price 10 percent in a day, so be ready for the rollercoaster.