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Side-by-side financial comparison of INNODATA INC (INOD) and Planet Labs PBC (PL). Click either name above to swap in a different company.

Planet Labs PBC is the larger business by last-quarter revenue ($81.3M vs $72.4M, roughly 1.1× INNODATA INC). INNODATA INC runs the higher net margin — 12.2% vs -72.8%, a 85.0% gap on every dollar of revenue. On growth, Planet Labs PBC posted the faster year-over-year revenue change (32.6% vs 22.3%). INNODATA INC produced more free cash flow last quarter ($10.1M vs $1.9M). Over the past eight quarters, INNODATA INC's revenue compounded faster (65.3% CAGR vs 17.5%).

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.

Planet Labs PBC, known as "Planet.", is a publicly traded American Earth imaging company based in San Francisco, California. Their goal is to image the entirety of the Earth daily to monitor changes and pinpoint trends.

INOD vs PL — Head-to-Head

Bigger by revenue
PL
PL
1.1× larger
PL
$81.3M
$72.4M
INOD
Growing faster (revenue YoY)
PL
PL
+10.3% gap
PL
32.6%
22.3%
INOD
Higher net margin
INOD
INOD
85.0% more per $
INOD
12.2%
-72.8%
PL
More free cash flow
INOD
INOD
$8.2M more FCF
INOD
$10.1M
$1.9M
PL
Faster 2-yr revenue CAGR
INOD
INOD
Annualised
INOD
65.3%
17.5%
PL

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
INOD
INOD
PL
PL
Revenue
$72.4M
$81.3M
Net Profit
$8.8M
$-59.2M
Gross Margin
38.3%
57.3%
Operating Margin
15.1%
-22.6%
Net Margin
12.2%
-72.8%
Revenue YoY
22.3%
32.6%
Net Profit YoY
-14.2%
-194.7%
EPS (diluted)
$0.26
$-0.19

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
INOD
INOD
PL
PL
Q4 25
$72.4M
$81.3M
Q3 25
$62.5M
$73.4M
Q2 25
$58.4M
$66.3M
Q1 25
$58.3M
$61.6M
Q4 24
$59.2M
$61.3M
Q3 24
$52.2M
$61.1M
Q2 24
$32.6M
$60.4M
Q1 24
$26.5M
$58.9M
Net Profit
INOD
INOD
PL
PL
Q4 25
$8.8M
$-59.2M
Q3 25
$8.3M
$-22.6M
Q2 25
$7.2M
$-12.6M
Q1 25
$7.8M
$-35.2M
Q4 24
$10.3M
$-20.1M
Q3 24
$17.4M
$-38.7M
Q2 24
$-14.0K
$-29.3M
Q1 24
$989.0K
$-30.1M
Gross Margin
INOD
INOD
PL
PL
Q4 25
38.3%
57.3%
Q3 25
40.8%
57.6%
Q2 25
39.4%
55.2%
Q1 25
39.9%
62.1%
Q4 24
45.2%
61.2%
Q3 24
40.8%
52.9%
Q2 24
28.7%
52.4%
Q1 24
36.4%
55.2%
Operating Margin
INOD
INOD
PL
PL
Q4 25
15.1%
-22.6%
Q3 25
18.8%
-24.5%
Q2 25
15.3%
-34.4%
Q1 25
14.2%
-31.5%
Q4 24
19.0%
-36.9%
Q3 24
21.9%
-64.8%
Q2 24
1.0%
-57.2%
Q1 24
5.0%
-57.6%
Net Margin
INOD
INOD
PL
PL
Q4 25
12.2%
-72.8%
Q3 25
13.3%
-30.8%
Q2 25
12.4%
-19.1%
Q1 25
13.3%
-57.1%
Q4 24
17.4%
-32.8%
Q3 24
33.3%
-63.3%
Q2 24
-0.0%
-48.5%
Q1 24
3.7%
-51.1%
EPS (diluted)
INOD
INOD
PL
PL
Q4 25
$0.26
$-0.19
Q3 25
$0.24
$-0.07
Q2 25
$0.20
$-0.04
Q1 25
$0.22
$-0.12
Q4 24
$0.35
$-0.07
Q3 24
$0.51
$-0.13
Q2 24
$0.00
$-0.10
Q1 24
$0.03
$-0.10

Balance Sheet & Financial Strength

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

Metric
INOD
INOD
PL
PL
Cash + ST InvestmentsLiquidity on hand
$82.2M
$443.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$107.1M
$349.6M
Total Assets
$168.6M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INOD
INOD
PL
PL
Q4 25
$82.2M
$443.3M
Q3 25
$73.9M
$181.1M
Q2 25
$59.8M
$133.5M
Q1 25
$56.6M
$118.0M
Q4 24
$46.9M
$139.0M
Q3 24
$26.4M
$148.3M
Q2 24
$16.5M
$107.4M
Q1 24
$19.0M
$83.9M
Stockholders' Equity
INOD
INOD
PL
PL
Q4 25
$107.1M
$349.6M
Q3 25
$97.3M
$435.7M
Q2 25
$86.7M
$444.8M
Q1 25
$75.5M
$441.3M
Q4 24
$63.5M
$464.6M
Q3 24
$47.7M
$473.2M
Q2 24
$29.0M
$500.3M
Q1 24
$27.6M
$518.0M
Total Assets
INOD
INOD
PL
PL
Q4 25
$168.6M
$1.1B
Q3 25
$152.9M
$696.4M
Q2 25
$132.6M
$658.4M
Q1 25
$125.2M
$633.8M
Q4 24
$113.4M
$630.8M
Q3 24
$88.2M
$658.4M
Q2 24
$66.0M
$674.6M
Q1 24
$63.6M
$702.0M

Cash Flow & Capital Efficiency

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

Metric
INOD
INOD
PL
PL
Operating Cash FlowLast quarter
$12.9M
$28.6M
Free Cash FlowOCF − Capex
$10.1M
$1.9M
FCF MarginFCF / Revenue
13.9%
2.3%
Capex IntensityCapex / Revenue
3.9%
32.9%
Cash ConversionOCF / Net Profit
1.46×
TTM Free Cash FlowTrailing 4 quarters
$35.6M
$40.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INOD
INOD
PL
PL
Q4 25
$12.9M
$28.6M
Q3 25
$18.8M
$67.8M
Q2 25
$4.2M
$17.3M
Q1 25
$10.9M
$-6.3M
Q4 24
$17.2M
$4.1M
Q3 24
$11.4M
$-7.9M
Q2 24
$-454.0K
$-4.3M
Q1 24
$6.8M
$-6.8M
Free Cash Flow
INOD
INOD
PL
PL
Q4 25
$10.1M
$1.9M
Q3 25
$14.5M
$47.5M
Q2 25
$2.5M
$9.2M
Q1 25
$8.5M
$-17.9M
Q4 24
$15.0M
$-3.6M
Q3 24
$9.9M
$-23.0M
Q2 24
$-3.2M
$-14.2M
Q1 24
$5.4M
$-15.7M
FCF Margin
INOD
INOD
PL
PL
Q4 25
13.9%
2.3%
Q3 25
23.2%
64.7%
Q2 25
4.3%
13.9%
Q1 25
14.6%
-29.1%
Q4 24
25.3%
-5.8%
Q3 24
19.0%
-37.6%
Q2 24
-9.8%
-23.6%
Q1 24
20.5%
-26.7%
Capex Intensity
INOD
INOD
PL
PL
Q4 25
3.9%
32.9%
Q3 25
6.8%
27.6%
Q2 25
2.9%
12.3%
Q1 25
4.0%
18.9%
Q4 24
3.7%
12.5%
Q3 24
2.8%
24.8%
Q2 24
8.4%
16.4%
Q1 24
5.1%
15.1%
Cash Conversion
INOD
INOD
PL
PL
Q4 25
1.46×
Q3 25
2.25×
Q2 25
0.59×
Q1 25
1.40×
Q4 24
1.67×
Q3 24
0.65×
Q2 24
Q1 24
6.84×

Financial Flow Comparison

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

Revenue Breakdown by Segment

INOD
INOD

Segment breakdown not available.

PL
PL

Defense And Intelligence$49.4M61%
Civil Government$18.8M23%
Commercial$13.1M16%

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