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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 56,556 $ 46,897
Accounts receivable, net of allowance for credit losses 29,577 28,013
Prepaid expenses and other current assets 6,216 6,090
Total current assets 92,349 81,000
Property and equipment, net 4,679 4,101
Right-of-use-asset, net 4,036 4,238
Other assets 1,276 1,267
Deferred income taxes, net 7,282 7,492
Intangibles, net 13,570 13,353
Goodwill 2,018 1,998
Total assets 125,210 113,449
Current liabilities:    
Accounts payable 4,500 4,554
Accrued expenses 5,729 4,891
Accrued salaries, wages and related benefits 13,608 13,836
Deferred revenues 8,028 8,010
Income and other taxes 4,861 5,695
Long-term obligations - current portion 1,505 1,643
Operating lease liability - current portion 904 877
Total current liabilities 39,135 39,506
Deferred income taxes, net 35 32
Long-term obligations, net of current portion 7,096 6,744
Operating lease liability, net of current portion 3,542 3,778
Total liabilities 49,808 50,060
Commitments and contingencies
STOCKHOLDERS' EQUITY:    
Serial preferred stock; 4,998,000 shares authorized, none issued and outstanding
Common stock, $.01 par value; 75,000,000 shares authorized; 34,929,000 shares issued and 31,745,000 outstanding at March 31, 2025 and 34,484,000 shares issued and 31,300,000 outstanding at December 31, 2024 349 345
Additional paid-in capital 56,925 53,085
Retained earnings 26,764 18,977
Accumulated other comprehensive loss (2,088) (2,470)
Stockholders' Equity before Treasury Stock, Total 81,950 69,937
Less: treasury stock, 3,184,000 shares at March 31, 2025 and December 31, 2024, at cost (6,465) (6,465)
Stockholders' equity Innodata Inc. and subsidiaries 75,485 63,472
Non-controlling interests [1] (83) (83)
Total Stockholders' equity 75,402 63,389
Total liabilities and stockholders' equity $ 125,210 $ 113,449
[1] Noncontrolling interests are included within stockholders’ equity in the condensed consolidated balance sheet as the amounts are immaterial.