Results of Operations and Financial Condition · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Item 2.02 Results of Operations and Financial Condition. On August 6, 2026, Innodata Inc. (the “Company”) issued a press release announcing its second quarter 2026 financial results. A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1.…
Filed Aug 6, 2026Accepted Aug 6, 2026, 4:12 PM EDTCIK 903651Accession 0001104659-26-092010
Innodata (Nasdaq: INOD) is a global data engineering company. We believe that data and Artificial Intelligence (AI) are inextricably linked. Our mission is to enable the responsible advancement of artificial intelligence by providing the data, evaluation frameworks, and human expertise required to build AI systems that can be trusted at scale. We provide a range of transferable solutions, platforms, and services for Generative AI / AI builders and adopters. In every relationship, we honor our 36+ year legacy delivering the highest quality data and outstanding outcomes for our customers.
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Item 2.02Item 2.02 - Results of Operations
Item
2.02 Results of Operations and Financial Condition.
On August 6, 2026, Innodata
Inc. (the “Company”) issued a press release announcing its second quarter 2026 financial results. A copy of the press release
is furnished with this Current Report on Form 8-K as Exhibit 99.1.
In accordance with General
Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject
to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed
under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such
filing.
Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02 Departure of
Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On August 3, 2026, the Board of Directors (the
“Board”) of the Company approved the transition of Jack S. Abuhoff from the role of Chief Executive Officer of the Company
to the role of Executive Chairman, effective as of September 30, 2026 (the “Effective Date”). Mr. Abuhoff will continue to
serve as Chairman of the Board.
On August 3, 2026, the Board also appointed Rahul
Singhal, age 52, current President and Chief Revenue Officer of the Company, to serve as Chief Executive Officer and Principal Executive
Officer of the Company, and as a member of the Board, effective as of the Effective Date. Mr. Singhal will stand for reelection at the
Company’s 2027 Annual Meeting of Stockholders. Mr. Singhal will not receive additional compensation as a member of the Board and
is not expected to serve on any committees of the Board. Mr. Singhal has served as the Company’s President since November 2025,
the Company’s Chief Revenue Officer since January 2022, and the Company’s Chief Product Officer from January 2019 to November
2025.
There are no family relationships between Mr. Singhal and any other
executive officer or director of the Company that require disclosure under Item 401(d) of Regulation S-K. There was no arrangement or
understanding between Mr. Singhal and any other person pursuant to which Mr. Singhal was appointed as Chief Executive Officer, and there
have not been any related party transactions involving Mr. Singhal requiring disclosure pursuant to Item 404(a) of Regulation S-K.
As of the date of this filing of this Current Report on Form 8-K,
the Company has not entered into any material plan, contract or arrangement or made any material amendment thereto or made any grant
or award, in each case in connection with Mr. Abuhoff’s appointment as Executive Chairman or Mr. Singhal’s appointment as
Chief Executive Officer and director. Mr. Abuhoff’s and Mr. Singhal’s previously reported compensatory arrangements, grants
and awards remain in effect. To the extent any such arrangements are materially amended, or any new material plan, contract or arrangement
or amendment is entered into in connection with such appointments, including any new grant or award, the Company will file an amendment
to this Current Report on Form 8-K within four business days after the Company enters into any such plan, contract, arrangement, amendment,
grant or award to include the information required by Item 5.02(c)(3) on Form 8-K.
Item 9.01 Financial Statements
and Exhibits.
(d) Exhibits
See Exhibit Index below.
Exhibit
Index
Exhibit Description
No.
──────────────────────────────────────────────
99.1 Press
Release dated August 6, 2026.
104 Cover Page Interactive Data
File (formatted in iXBRL)
Filed exhibits (1)
EX-99.1 (by filename) tm2621499d1_ex99-1.htm
EX-99.1
2
tm2621499d1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Innodata Reports Record Second Quarter 2026 Results
Revenue
Up 58% Year-Over-Year, Beats Consensus by 7%
Adjusted
EBITDA of $25.4 Million, Beats Consensus by 50%
Adjusted
Gross Margin Expands to 49%
Announces
Planned Leadership Transition Effective September 30: Rahul Singhal to Become President and
CEO, Jack Abuhoff to Become Executive Chairman
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NEW YORK - August 6, 2026 - INNODATA
INC. (Nasdaq: INOD) today reported results for the second quarter ended June 30, 2026.
Revenue of $92.1 million, representing 58% year-over-year revenue growth.
Adjusted
Gross Profit of $45.4 million, representing Adjusted Gross Margin of 49%.*
Adjusted
EBITDA of $25.4 million, or 27.5% of revenue, an increase of $12.1 million from $13.2
million in the same period last year.*
Net
income of $14.4 million, or $0.43 per basic share and $0.41 per diluted share for the
three-month period ended June 30, 2026, compared to net income of $7.2 million, or $0.23
per basic share and $0.20 per diluted share, in t…