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Side-by-side financial comparison of INNODATA INC (INOD) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.

Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $72.4M, roughly 1.9× INNODATA INC). INNODATA INC runs the higher net margin — 12.2% vs -2.3%, a 14.5% gap on every dollar of revenue. On growth, INNODATA INC posted the faster year-over-year revenue change (22.3% vs 9.1%). INNODATA INC produced more free cash flow last quarter ($10.1M vs $-7.8M). Over the past eight quarters, INNODATA INC's revenue compounded faster (65.3% CAGR vs 8.3%).

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.

Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”

INOD vs PRPL — Head-to-Head

Bigger by revenue
PRPL
PRPL
1.9× larger
PRPL
$140.7M
$72.4M
INOD
Growing faster (revenue YoY)
INOD
INOD
+13.2% gap
INOD
22.3%
9.1%
PRPL
Higher net margin
INOD
INOD
14.5% more per $
INOD
12.2%
-2.3%
PRPL
More free cash flow
INOD
INOD
$17.9M more FCF
INOD
$10.1M
$-7.8M
PRPL
Faster 2-yr revenue CAGR
INOD
INOD
Annualised
INOD
65.3%
8.3%
PRPL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INOD
INOD
PRPL
PRPL
Revenue
$72.4M
$140.7M
Net Profit
$8.8M
$-3.2M
Gross Margin
38.3%
41.9%
Operating Margin
15.1%
-1.6%
Net Margin
12.2%
-2.3%
Revenue YoY
22.3%
9.1%
Net Profit YoY
-14.2%
62.1%
EPS (diluted)
$0.26
$0.03

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
PRPL
PRPL
Q4 25
$72.4M
$140.7M
Q3 25
$62.5M
$118.8M
Q2 25
$58.4M
$105.1M
Q1 25
$58.3M
$104.2M
Q4 24
$59.2M
$129.0M
Q3 24
$52.2M
$118.6M
Q2 24
$32.6M
$120.3M
Q1 24
$26.5M
$120.0M
Net Profit
INOD
INOD
PRPL
PRPL
Q4 25
$8.8M
$-3.2M
Q3 25
$8.3M
$-11.7M
Q2 25
$7.2M
$-17.3M
Q1 25
$7.8M
$-19.1M
Q4 24
$10.3M
$-8.5M
Q3 24
$17.4M
$-39.2M
Q2 24
$-14.0K
$27.0K
Q1 24
$989.0K
$-50.2M
Gross Margin
INOD
INOD
PRPL
PRPL
Q4 25
38.3%
41.9%
Q3 25
40.8%
42.8%
Q2 25
39.4%
35.9%
Q1 25
39.9%
39.4%
Q4 24
45.2%
42.9%
Q3 24
40.8%
29.7%
Q2 24
28.7%
40.7%
Q1 24
36.4%
34.8%
Operating Margin
INOD
INOD
PRPL
PRPL
Q4 25
15.1%
-1.6%
Q3 25
18.8%
-10.2%
Q2 25
15.3%
-13.5%
Q1 25
14.2%
-13.9%
Q4 24
19.0%
-6.0%
Q3 24
21.9%
-39.5%
Q2 24
1.0%
-12.1%
Q1 24
5.0%
-19.3%
Net Margin
INOD
INOD
PRPL
PRPL
Q4 25
12.2%
-2.3%
Q3 25
13.3%
-9.9%
Q2 25
12.4%
-16.5%
Q1 25
13.3%
-18.4%
Q4 24
17.4%
-6.6%
Q3 24
33.3%
-33.1%
Q2 24
-0.0%
0.0%
Q1 24
3.7%
-41.8%
EPS (diluted)
INOD
INOD
PRPL
PRPL
Q4 25
$0.26
$0.03
Q3 25
$0.24
$0.11
Q2 25
$0.20
$0.16
Q1 25
$0.22
$0.18
Q4 24
$0.35
$0.08
Q3 24
$0.51
$0.36
Q2 24
$0.00
$0.00
Q1 24
$0.03
$0.47

Balance Sheet & Financial Strength

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

Metric
INOD
INOD
PRPL
PRPL
Cash + ST InvestmentsLiquidity on hand
$82.2M
$24.3M
Total DebtLower is stronger
$126.7M
Stockholders' EquityBook value
$107.1M
$-29.7M
Total Assets
$168.6M
$296.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INOD
INOD
PRPL
PRPL
Q4 25
$82.2M
$24.3M
Q3 25
$73.9M
$32.4M
Q2 25
$59.8M
$34.2M
Q1 25
$56.6M
$21.6M
Q4 24
$46.9M
$29.0M
Q3 24
$26.4M
$23.4M
Q2 24
$16.5M
$23.4M
Q1 24
$19.0M
$34.5M
Total Debt
INOD
INOD
PRPL
PRPL
Q4 25
$126.7M
Q3 25
Q2 25
Q1 25
Q4 24
$70.7M
Q3 24
$50.8M
Q2 24
Q1 24
Stockholders' Equity
INOD
INOD
PRPL
PRPL
Q4 25
$107.1M
$-29.7M
Q3 25
$97.3M
$-26.9M
Q2 25
$86.7M
$-15.6M
Q1 25
$75.5M
$1.3M
Q4 24
$63.5M
$20.2M
Q3 24
$47.7M
$28.0M
Q2 24
$29.0M
$66.4M
Q1 24
$27.6M
$65.5M
Total Assets
INOD
INOD
PRPL
PRPL
Q4 25
$168.6M
$296.3M
Q3 25
$152.9M
$302.1M
Q2 25
$132.6M
$303.8M
Q1 25
$125.2M
$293.8M
Q4 24
$113.4M
$307.8M
Q3 24
$88.2M
$309.3M
Q2 24
$66.0M
$362.1M
Q1 24
$63.6M
$382.1M
Debt / Equity
INOD
INOD
PRPL
PRPL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
3.50×
Q3 24
1.82×
Q2 24
Q1 24

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
PRPL
PRPL
Operating Cash FlowLast quarter
$12.9M
$-5.8M
Free Cash FlowOCF − Capex
$10.1M
$-7.8M
FCF MarginFCF / Revenue
13.9%
-5.5%
Capex IntensityCapex / Revenue
3.9%
1.4%
Cash ConversionOCF / Net Profit
1.46×
TTM Free Cash FlowTrailing 4 quarters
$35.6M
$-41.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INOD
INOD
PRPL
PRPL
Q4 25
$12.9M
$-5.8M
Q3 25
$18.8M
$-968.0K
Q2 25
$4.2M
$-4.0M
Q1 25
$10.9M
$-23.1M
Q4 24
$17.2M
$6.8M
Q3 24
$11.4M
$1.1M
Q2 24
$-454.0K
$-8.9M
Q1 24
$6.8M
$-16.8M
Free Cash Flow
INOD
INOD
PRPL
PRPL
Q4 25
$10.1M
$-7.8M
Q3 25
$14.5M
$-1.8M
Q2 25
$2.5M
$-7.0M
Q1 25
$8.5M
$-25.3M
Q4 24
$15.0M
$5.7M
Q3 24
$9.9M
$101.0K
Q2 24
$-3.2M
$-11.0M
Q1 24
$5.4M
$-19.9M
FCF Margin
INOD
INOD
PRPL
PRPL
Q4 25
13.9%
-5.5%
Q3 25
23.2%
-1.5%
Q2 25
4.3%
-6.6%
Q1 25
14.6%
-24.3%
Q4 24
25.3%
4.4%
Q3 24
19.0%
0.1%
Q2 24
-9.8%
-9.2%
Q1 24
20.5%
-16.5%
Capex Intensity
INOD
INOD
PRPL
PRPL
Q4 25
3.9%
1.4%
Q3 25
6.8%
0.7%
Q2 25
2.9%
2.8%
Q1 25
4.0%
2.2%
Q4 24
3.7%
0.8%
Q3 24
2.8%
0.9%
Q2 24
8.4%
1.7%
Q1 24
5.1%
2.5%
Cash Conversion
INOD
INOD
PRPL
PRPL
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
-330.22×
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.

PRPL
PRPL

Cost Of Revenues$81.7M58%
Other$59.0M42%

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