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Side-by-side financial comparison of INNODATA INC (INOD) and RICHARDSON ELECTRONICS, LTD. (RELL). Click either name above to swap in a different company.

INNODATA INC is the larger business by last-quarter revenue ($72.4M vs $52.3M, roughly 1.4× RICHARDSON ELECTRONICS, LTD.). INNODATA INC runs the higher net margin — 12.2% vs -0.2%, a 12.4% gap on every dollar of revenue. On growth, INNODATA INC posted the faster year-over-year revenue change (22.3% vs 5.7%). INNODATA INC produced more free cash flow last quarter ($10.1M vs $-1.7M). Over the past eight quarters, INNODATA INC's revenue compounded faster (65.3% CAGR vs -0.3%).

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.

The James Richardson Corporation, also going by the name James Richardson Group or JR/Group, is an Australian furniture, hospitality, real estate and retail corporation, headquartered in the Abbotsford suburb of Melbourne, Australia. It is privately owned and employs approximately 2,300 people worldwide. It is perhaps best known among consumers for its duty-free retail stores in airports and border crossings in Australasia and the Middle East. The company is a household name in Israel due to ...

INOD vs RELL — Head-to-Head

Bigger by revenue
INOD
INOD
1.4× larger
INOD
$72.4M
$52.3M
RELL
Growing faster (revenue YoY)
INOD
INOD
+16.6% gap
INOD
22.3%
5.7%
RELL
Higher net margin
INOD
INOD
12.4% more per $
INOD
12.2%
-0.2%
RELL
More free cash flow
INOD
INOD
$11.8M more FCF
INOD
$10.1M
$-1.7M
RELL
Faster 2-yr revenue CAGR
INOD
INOD
Annualised
INOD
65.3%
-0.3%
RELL

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
INOD
INOD
RELL
RELL
Revenue
$72.4M
$52.3M
Net Profit
$8.8M
$-121.0K
Gross Margin
38.3%
30.7%
Operating Margin
15.1%
0.3%
Net Margin
12.2%
-0.2%
Revenue YoY
22.3%
5.7%
Net Profit YoY
-14.2%
83.9%
EPS (diluted)
$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
INOD
INOD
RELL
RELL
Q4 25
$72.4M
$52.3M
Q3 25
$62.5M
$54.6M
Q2 25
$58.4M
Q1 25
$58.3M
$53.8M
Q4 24
$59.2M
$49.5M
Q3 24
$52.2M
$53.7M
Q2 24
$32.6M
Q1 24
$26.5M
$52.4M
Net Profit
INOD
INOD
RELL
RELL
Q4 25
$8.8M
$-121.0K
Q3 25
$8.3M
$1.9M
Q2 25
$7.2M
Q1 25
$7.8M
$-2.1M
Q4 24
$10.3M
$-751.0K
Q3 24
$17.4M
$590.0K
Q2 24
$-14.0K
Q1 24
$989.0K
$750.0K
Gross Margin
INOD
INOD
RELL
RELL
Q4 25
38.3%
30.7%
Q3 25
40.8%
31.0%
Q2 25
39.4%
Q1 25
39.9%
31.0%
Q4 24
45.2%
31.0%
Q3 24
40.8%
30.6%
Q2 24
28.7%
Q1 24
36.4%
29.5%
Operating Margin
INOD
INOD
RELL
RELL
Q4 25
15.1%
0.3%
Q3 25
18.8%
1.8%
Q2 25
15.3%
Q1 25
14.2%
-5.1%
Q4 24
19.0%
-1.3%
Q3 24
21.9%
0.6%
Q2 24
1.0%
Q1 24
5.0%
1.9%
Net Margin
INOD
INOD
RELL
RELL
Q4 25
12.2%
-0.2%
Q3 25
13.3%
3.5%
Q2 25
12.4%
Q1 25
13.3%
-3.8%
Q4 24
17.4%
-1.5%
Q3 24
33.3%
1.1%
Q2 24
-0.0%
Q1 24
3.7%
1.4%
EPS (diluted)
INOD
INOD
RELL
RELL
Q4 25
$0.26
Q3 25
$0.24
Q2 25
$0.20
Q1 25
$0.22
Q4 24
$0.35
Q3 24
$0.51
Q2 24
$0.00
Q1 24
$0.03

Balance Sheet & Financial Strength

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

Metric
INOD
INOD
RELL
RELL
Cash + ST InvestmentsLiquidity on hand
$82.2M
$33.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$107.1M
$158.5M
Total Assets
$168.6M
$201.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INOD
INOD
RELL
RELL
Q4 25
$82.2M
$33.1M
Q3 25
$73.9M
$35.7M
Q2 25
$59.8M
Q1 25
$56.6M
$36.7M
Q4 24
$46.9M
$26.6M
Q3 24
$26.4M
$23.0M
Q2 24
$16.5M
Q1 24
$19.0M
$18.9M
Stockholders' Equity
INOD
INOD
RELL
RELL
Q4 25
$107.1M
$158.5M
Q3 25
$97.3M
$159.4M
Q2 25
$86.7M
Q1 25
$75.5M
$152.9M
Q4 24
$63.5M
$156.2M
Q3 24
$47.7M
$159.1M
Q2 24
$29.0M
Q1 24
$27.6M
$158.6M
Total Assets
INOD
INOD
RELL
RELL
Q4 25
$168.6M
$201.8M
Q3 25
$152.9M
$200.1M
Q2 25
$132.6M
Q1 25
$125.2M
$189.8M
Q4 24
$113.4M
$195.2M
Q3 24
$88.2M
$197.9M
Q2 24
$66.0M
Q1 24
$63.6M
$193.6M

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
RELL
RELL
Operating Cash FlowLast quarter
$12.9M
$-99.0K
Free Cash FlowOCF − Capex
$10.1M
$-1.7M
FCF MarginFCF / Revenue
13.9%
-3.3%
Capex IntensityCapex / Revenue
3.9%
3.1%
Cash ConversionOCF / Net Profit
1.46×
TTM Free Cash FlowTrailing 4 quarters
$35.6M
$7.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INOD
INOD
RELL
RELL
Q4 25
$12.9M
$-99.0K
Q3 25
$18.8M
$1.4M
Q2 25
$4.2M
Q1 25
$10.9M
$4.6M
Q4 24
$17.2M
$5.5M
Q3 24
$11.4M
$412.0K
Q2 24
$-454.0K
Q1 24
$6.8M
$-2.5M
Free Cash Flow
INOD
INOD
RELL
RELL
Q4 25
$10.1M
$-1.7M
Q3 25
$14.5M
$342.0K
Q2 25
$2.5M
Q1 25
$8.5M
$4.1M
Q4 24
$15.0M
$4.9M
Q3 24
$9.9M
$-514.0K
Q2 24
$-3.2M
Q1 24
$5.4M
$-2.9M
FCF Margin
INOD
INOD
RELL
RELL
Q4 25
13.9%
-3.3%
Q3 25
23.2%
0.6%
Q2 25
4.3%
Q1 25
14.6%
7.5%
Q4 24
25.3%
10.0%
Q3 24
19.0%
-1.0%
Q2 24
-9.8%
Q1 24
20.5%
-5.6%
Capex Intensity
INOD
INOD
RELL
RELL
Q4 25
3.9%
3.1%
Q3 25
6.8%
1.9%
Q2 25
2.9%
Q1 25
4.0%
1.0%
Q4 24
3.7%
1.0%
Q3 24
2.8%
1.7%
Q2 24
8.4%
Q1 24
5.1%
0.8%
Cash Conversion
INOD
INOD
RELL
RELL
Q4 25
1.46×
Q3 25
2.25×
0.72×
Q2 25
0.59×
Q1 25
1.40×
Q4 24
1.67×
Q3 24
0.65×
0.70×
Q2 24
Q1 24
6.84×
-3.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

INOD
INOD

Segment breakdown not available.

RELL
RELL

Power And Microwave Technologies Group$35.2M67%
Canvys$8.8M17%
Global Energy Solutions$8.3M16%

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