Innodata Inc. — Earnings Quality Grade A
INOD · Technology
Strong financial health
Screening Summary
管理层信号
数据来源：SEC EDGAR 8-K Item 5.02，附 Exhibit 99.1 链接
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 67 days, change +7 days YoY
AR growth 66.0% vs revenue growth 47.6%
Revenue 47.6%, CFFO 34.1%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 43.4% vs revenue 47.6%. Normal
SG&A/Gross Profit = 59.9%. Normal
Gross margin 39.5%, change +0.2pp. Stable
Cash Flow Quality
CFFO/NI = 1.45. Profits backed by cash
FCF $0.0B, FCF/NI = 1.11
Accruals ratio = -8.6%. Low accruals
Cash $0.1B covers debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.0B = 15% of equity. Manageable
Debt/EBITDA = 0.1x. Healthy
Other assets 30.1% vs revenue 47.6%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 5% YoY. Normal
Manipulation Score
M-Score = -2.44 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25