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INOD INNODATA INC

2026Q2 · CUSIP 457642205 · Data & AI Software · Sector: Technology

Piling in

Net holder growth ranks near the top of the market

Funds that own it
284
Institutions that reported holding it to the SEC
Net increase in holders
+55
Last quarter 229 → now 284
How unusual is that
Top 5%
Stronger buying than 95% of US stocks
What the filings say, in one paragraph

284 funds held INOD at the end of 2026Q2, up 55 from the quarter before. That is stronger buying than 95.4% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $317M(YoY +39.0%), the P/E is 40.8x, return on equity is 29.1%. INOD has had 9 buying rushes in its history, and the price moved +17.6% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Technology sector, tagged Data & AI Software.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=40 2013Q4: holders=33 2014Q1: holders=36 2014Q2: holders=34 2014Q3: holders=34 2014Q4: holders=33 2015Q1: holders=31 2015Q2: holders=30 2015Q3: holders=27 2015Q4: holders=35 2016Q1: holders=31 2016Q2: holders=32 2016Q3: holders=31 2016Q4: holders=33 2017Q1: holders=32 2017Q2: holders=28 2017Q3: holders=25 2017Q4: holders=30 2018Q1: holders=30 2018Q2: holders=24 2018Q3: holders=23 2018Q4: holders=27 2019Q1: holders=24 2019Q2: holders=24 2019Q3: holders=20 2019Q4: holders=25 2020Q1: holders=20 2020Q2: holders=22 2020Q3: holders=23 2020Q4: holders=28 2021Q1: holders=33 2021Q2: holders=32 2021Q3: holders=30 2021Q4: holders=31 2022Q1: holders=29 2022Q2: holders=27 2022Q3: holders=29 2022Q4: holders=23 2023Q1: holders=35 2023Q2: holders=69 2023Q3: holders=79 2023Q4: holders=76 2024Q1: holders=69 2024Q2: holders=71 2024Q3: holders=99 2024Q4: holders=150 2025Q1: holders=198 2025Q2: holders=219 2025Q3: holders=261 2025Q4: holders=256 2026Q1: holders=229 2026Q2: holders=284 -55 -27.5 +0 +27.5 +55 18159299 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 9 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 5% — —
2025Q3 Top 10% -18.8% +68.6%
2025Q2 Top 20% +44.5% +12.6%
2025Q1 Top 5% +0.0% +45.9%
2024Q4 Top 10% -31.8% -26.5%
2024Q3 Top 20% +49.4% -12.8%
2023Q3 Top 20% — —
2023Q2 Top 5% — —
2023Q1 Top 20% — —

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
145
Change in large funds
+31
Total value they hold
$1.5B
Funds buying for the first time
89
Funds that sold out entirely
34
Price change that quarter
-42.7%
Funds holding puts (bearish)
12
Funds holding calls (bullish)
10

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
40.8
EPS (TTM)
$1.33
EPS YoY
+3.9%
Revenue (TTM)
$0.3B
Revenue YoY
+39.0%
Net margin
14.7%
ROE
29.1%
Debt ratio
55.3%
FCF (TTM)
$184M
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2021-09-30: EPS -0.03 2021-12-31: EPS -0.04 2022-03-31: EPS -0.10 2022-06-30: EPS -0.14 2022-09-30: EPS -0.12 2022-12-31: EPS -0.08 2023-03-31: EPS -0.08 2023-06-30: EPS -0.03 2023-09-30: EPS 0.01 2023-12-31: EPS 0.07 2024-03-31: EPS 0.03 2024-06-30: EPS 0.00 2024-09-30: EPS 0.51 2024-12-31: EPS 0.35 2025-03-31: EPS 0.22 2025-06-30: EPS 0.20 2025-09-30: EPS 0.24 2025-12-31: EPS 0.26 2026-03-31: EPS 0.42 2026-06-30: EPS 0.41 0M 46M 92M $M -0.15 0.20 0.56 2016201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 60 28 96 163 202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-4M15M35M 20162017201820192020202120222023202420252026
Latest quarter $35M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.