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Side-by-side financial comparison of First Foundation Inc. (FFWM) and INNODATA INC (INOD). Click either name above to swap in a different company.

INNODATA INC is the larger business by last-quarter revenue ($72.4M vs $48.4M, roughly 1.5× First Foundation Inc.). INNODATA INC runs the higher net margin — 12.2% vs -97.9%, a 110.1% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs 22.3%). INNODATA INC produced more free cash flow last quarter ($10.1M vs $-35.2M). Over the past eight quarters, INNODATA INC's revenue compounded faster (65.3% CAGR vs -2.7%).

John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.

Innodata Inc., formerly Innodata Isogen, Inc., is an American company that provides business process, technology and consulting services. The company also provides products that aim to help clients create, manage, use and distribute digital information.

FFWM vs INOD — Head-to-Head

Bigger by revenue
INOD
INOD
1.5× larger
INOD
$72.4M
$48.4M
FFWM
Growing faster (revenue YoY)
FFWM
FFWM
+399.4% gap
FFWM
421.7%
22.3%
INOD
Higher net margin
INOD
INOD
110.1% more per $
INOD
12.2%
-97.9%
FFWM
More free cash flow
INOD
INOD
$45.3M more FCF
INOD
$10.1M
$-35.2M
FFWM
Faster 2-yr revenue CAGR
INOD
INOD
Annualised
INOD
65.3%
-2.7%
FFWM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FFWM
FFWM
INOD
INOD
Revenue
$48.4M
$72.4M
Net Profit
$-8.0M
$8.8M
Gross Margin
38.3%
Operating Margin
-97.5%
15.1%
Net Margin
-97.9%
12.2%
Revenue YoY
421.7%
22.3%
Net Profit YoY
43.0%
-14.2%
EPS (diluted)
$-0.09
$0.26

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FFWM
FFWM
INOD
INOD
Q4 25
$48.4M
$72.4M
Q3 25
$63.6M
$62.5M
Q2 25
$51.4M
$58.4M
Q1 25
$71.4M
$58.3M
Q4 24
$9.3M
$59.2M
Q3 24
$9.2M
$52.2M
Q2 24
$57.5M
$32.6M
Q1 24
$51.1M
$26.5M
Net Profit
FFWM
FFWM
INOD
INOD
Q4 25
$-8.0M
$8.8M
Q3 25
$-146.3M
$8.3M
Q2 25
$-7.7M
$7.2M
Q1 25
$6.9M
$7.8M
Q4 24
$-14.1M
$10.3M
Q3 24
$-82.2M
$17.4M
Q2 24
$3.1M
$-14.0K
Q1 24
$793.0K
$989.0K
Gross Margin
FFWM
FFWM
INOD
INOD
Q4 25
38.3%
Q3 25
40.8%
Q2 25
39.4%
Q1 25
39.9%
Q4 24
45.2%
Q3 24
40.8%
Q2 24
28.7%
Q1 24
36.4%
Operating Margin
FFWM
FFWM
INOD
INOD
Q4 25
-97.5%
15.1%
Q3 25
-92.7%
18.8%
Q2 25
-21.1%
15.3%
Q1 25
8.8%
14.2%
Q4 24
-247.7%
19.0%
Q3 24
-1276.7%
21.9%
Q2 24
4.6%
1.0%
Q1 24
-0.2%
5.0%
Net Margin
FFWM
FFWM
INOD
INOD
Q4 25
-97.9%
12.2%
Q3 25
-230.1%
13.3%
Q2 25
-15.0%
12.4%
Q1 25
9.7%
13.3%
Q4 24
-152.2%
17.4%
Q3 24
-896.9%
33.3%
Q2 24
5.4%
-0.0%
Q1 24
1.6%
3.7%
EPS (diluted)
FFWM
FFWM
INOD
INOD
Q4 25
$-0.09
$0.26
Q3 25
$-1.78
$0.24
Q2 25
$-0.09
$0.20
Q1 25
$0.08
$0.22
Q4 24
$-0.24
$0.35
Q3 24
$-1.23
$0.51
Q2 24
$0.05
$0.00
Q1 24
$0.01
$0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FFWM
FFWM
INOD
INOD
Cash + ST InvestmentsLiquidity on hand
$1.6B
$82.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$912.6M
$107.1M
Total Assets
$11.9B
$168.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFWM
FFWM
INOD
INOD
Q4 25
$1.6B
$82.2M
Q3 25
$1.7B
$73.9M
Q2 25
$1.1B
$59.8M
Q1 25
$1.0B
$56.6M
Q4 24
$1.0B
$46.9M
Q3 24
$1.1B
$26.4M
Q2 24
$1.4B
$16.5M
Q1 24
$1.6B
$19.0M
Stockholders' Equity
FFWM
FFWM
INOD
INOD
Q4 25
$912.6M
$107.1M
Q3 25
$917.9M
$97.3M
Q2 25
$1.1B
$86.7M
Q1 25
$1.1B
$75.5M
Q4 24
$1.1B
$63.5M
Q3 24
$1.1B
$47.7M
Q2 24
$933.2M
$29.0M
Q1 24
$928.7M
$27.6M
Total Assets
FFWM
FFWM
INOD
INOD
Q4 25
$11.9B
$168.6M
Q3 25
$11.9B
$152.9M
Q2 25
$11.6B
$132.6M
Q1 25
$12.6B
$125.2M
Q4 24
$12.6B
$113.4M
Q3 24
$13.4B
$88.2M
Q2 24
$13.7B
$66.0M
Q1 24
$13.6B
$63.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FFWM
FFWM
INOD
INOD
Operating Cash FlowLast quarter
$-31.9M
$12.9M
Free Cash FlowOCF − Capex
$-35.2M
$10.1M
FCF MarginFCF / Revenue
-72.8%
13.9%
Capex IntensityCapex / Revenue
6.9%
3.9%
Cash ConversionOCF / Net Profit
1.46×
TTM Free Cash FlowTrailing 4 quarters
$-45.9M
$35.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFWM
FFWM
INOD
INOD
Q4 25
$-31.9M
$12.9M
Q3 25
$9.2M
$18.8M
Q2 25
$-16.3M
$4.2M
Q1 25
$-552.0K
$10.9M
Q4 24
$-8.7M
$17.2M
Q3 24
$14.2M
$11.4M
Q2 24
$-9.1M
$-454.0K
Q1 24
$7.2M
$6.8M
Free Cash Flow
FFWM
FFWM
INOD
INOD
Q4 25
$-35.2M
$10.1M
Q3 25
$8.6M
$14.5M
Q2 25
$-16.7M
$2.5M
Q1 25
$-2.5M
$8.5M
Q4 24
$-11.4M
$15.0M
Q3 24
$13.4M
$9.9M
Q2 24
$-9.4M
$-3.2M
Q1 24
$5.9M
$5.4M
FCF Margin
FFWM
FFWM
INOD
INOD
Q4 25
-72.8%
13.9%
Q3 25
13.5%
23.2%
Q2 25
-32.4%
4.3%
Q1 25
-3.5%
14.6%
Q4 24
-123.5%
25.3%
Q3 24
146.2%
19.0%
Q2 24
-16.3%
-9.8%
Q1 24
11.6%
20.5%
Capex Intensity
FFWM
FFWM
INOD
INOD
Q4 25
6.9%
3.9%
Q3 25
1.0%
6.8%
Q2 25
0.8%
2.9%
Q1 25
2.8%
4.0%
Q4 24
29.4%
3.7%
Q3 24
9.0%
2.8%
Q2 24
0.4%
8.4%
Q1 24
2.5%
5.1%
Cash Conversion
FFWM
FFWM
INOD
INOD
Q4 25
1.46×
Q3 25
2.25×
Q2 25
0.59×
Q1 25
-0.08×
1.40×
Q4 24
1.67×
Q3 24
0.65×
Q2 24
-2.96×
Q1 24
9.09×
6.84×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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