Demonstrações financeiras detalhadas de Innodata Inc. (INOD): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Innodata Inc. registou receitas de $251.7M no último exercício, com um CAGR de 5 anos de 34.0%. O lucro líquido atingiu $32.2M, com CAGR de 5 anos de 120.5%.
Margens dos últimos 12 meses: margem bruta 42.6%, margem operacional 17.0%, margem líquida 14.7%. O fluxo de caixa livre cresceu a CAGR de 53.0% em 5 anos.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $63.1M | $60.9M | $57.4M | $55.9M | $58.2M | $69.8M | $79.0M | $86.8M | $170.5M | $251.7M |
| Custo da Receita | $47.0M | $45.3M | $38.9M | $37.2M | $38.4M | $43.5M | $51.3M | $54.9M | $103.5M | $151.8M |
| Lucro Bruto | $16.1M | $15.7M | $18.5M | $18.7M | $19.8M | $26.3M | $27.7M | $31.9M | $66.9M | $99.8M |
| P&D | 0 | $100000 | $100000 | 0 | 0 | 0 | 0 | 0 | $3.5M | 0 |
| Despesas Gerais e Administrativas | $19.3M | $20.2M | $15.8M | $19.5M | $18.7M | $27.9M | $37.9M | $31.0M | $42.7M | $59.6M |
| Despesas Operacionais | $19.3M | $20.3M | $15.8M | $19.5M | $18.7M | $27.8M | $37.9M | $31.0M | $42.7M | $59.6M |
| Lucro Operacional | -$3.2M | -$4.6M | $2.7M | -$803000 | $1.2M | -$1.5M | -$10.3M | $939000 | $24.2M | $40.2M |
| EBITDA | -$1.5M | -$1.7M | $5.0M | $1.7M | $3.4M | $1.2M | -$6.6M | $5.0M | $30.3M | $48.3M |
| Despesas com Juros | $63000 | 0 | $33000 | $120000 | $135000 | 0 | 0 | $179000 | 0 | 0 |
| Lucro Antes de Impostos | -$4.8M | -$5.2M | $1.6M | -$1.1M | $1.0M | -$963000 | -$10.5M | $139000 | $24.5M | $41.4M |
| Imposto | $1.1M | $185000 | $1.8M | $1.1M | $401000 | $842000 | $1.5M | $1.0M | -$4.2M | $9.2M |
| Lucro Líquido | -$5.5M | -$5.1M | -$253000 | -$2.1M | $617000 | -$1.7M | -$11.9M | -$908000 | $28.7M | $32.2M |
| LPA | $-0.22 | $-0.20 | $-0.01 | $-0.06 | $0.03 | $-0.07 | $-0.44 | $-0.03 | $0.98 | $1.01 |
| LPA Diluído | $-0.22 | $-0.20 | $-0.01 | $-0.06 | $0.02 | $-0.07 | $-0.44 | $-0.03 | $0.89 | $0.92 |
| Ações em Circulação (Diluídas) | $25.5M | $25.8M | $25.9M | $25.8M | $25.6M | $26.6M | $27.3M | $28.1M | $32.2M | $35.0M |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $14.2M | $11.4M | $10.9M | $10.9M | $17.6M | $18.9M | $9.8M | $13.8M | $46.9M | $82.2M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | $507000 | $14000 | $14000 | 0 |
| Contas a Receber | $10.0M | $10.3M | $10.6M | $9.7M | $10.0M | $11.4M | $9.5M | $14.3M | $28.0M | $46.5M |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $27.2M | $25.3M | $27.3M | $24.0M | $31.9M | $34.0M | $23.7M | $32.1M | $81.0M | $135.4M |
| Imobilizado | $5.4M | $7.2M | $6.8M | $13.9M | $8.5M | $8.6M | $6.8M | $7.3M | $8.3M | $12.1M |
| Ágio | $2.7M | $2.8M | $2.0M | $2.1M | $2.1M | $2.1M | $2.0M | $2.1M | $2.0M | $2.1M |
| Ativos Intangíveis | $8.2M | $7.6M | $6.3M | $5.5M | $10.0M | $10.3M | $12.5M | $13.8M | $13.4M | $14.0M |
| Ativos Totais | $47.6M | $47.9M | $46.1M | $49.5M | $57.3M | $59.2M | $48.0M | $59.4M | $113.4M | $168.6M |
| Contas a Pagar | $1.0M | $1.9M | $1.8M | $1.4M | $1.4M | $1.8M | $2.6M | $2.7M | $4.6M | $9.6M |
| Dívida de Curto Prazo | $1.1M | $3.3M | $1.5M | $912000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Passivos Circulantes | $12.8M | $15.6M | $14.3M | $15.8M | $18.3M | $21.3M | $20.8M | $22.9M | $39.5M | $50.5M |
| Dívida de Longo Prazo | $3.9M | $4.5M | $4.1M | $4.5M | 0 | 0 | 0 | 0 | 0 | 0 |
| Passivos Totais | $17.4M | $20.7M | $18.9M | $27.4M | $31.0M | $32.8M | $30.0M | $34.4M | $50.1M | $61.5M |
| Reservas | $12.4M | $7.3M | $7.3M | $4.2M | $4.8M | $3.2M | -$8.8M | -$9.7M | $19.0M | $51.2M |
| Patrimônio Líquido | $33.8M | $31.1M | $30.6M | $25.5M | $29.6M | $29.9M | $18.8M | $25.7M | $63.5M | $107.1M |
| Dívida Total | $5.0M | $6.6M | $5.6M | $13.3M | $7.3M | $6.3M | $4.7M | $5.5M | $4.7M | $4.4M |
| Dívida Líquida | -$9.1M | -$4.8M | -$5.3M | $2.4M | -$10.3M | -$12.6M | -$5.6M | -$8.3M | -$42.2M | -$77.8M |
| Capital de Giro | $14.4M | $9.7M | $13.0M | $8.2M | $13.5M | $12.7M | $2.9M | $9.1M | $41.5M | $84.9M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | -$5.9M | -$5.4M | $11000 | -$2.1M | $617000 | -$1.7M | -$12.0M | -$889000 | $28.7M | $32.2M |
| Depreciação e Amortização | $3.2M | $3.7M | $3.4M | $2.7M | $2.3M | $2.9M | $3.9M | $4.7M | $5.8M | $6.9M |
| Compensação em Ações | $1.2M | $695000 | $796000 | 0 | 0 | 0 | $3.3M | $4.0M | $4.0M | $11.1M |
| Variação Capital de Giro | -$2.3M | $1.9M | -$1.9M | $2.9M | $1.6M | $2.3M | $1.9M | -$3.1M | $114000 | -$9.0M |
| Fluxo de Caixa Operacional | -$2.7M | $738000 | $3.6M | $4.3M | $5.7M | $5.2M | -$1.2M | $5.9M | $35.0M | $46.8M |
| CapEx | -$2.7M | -$3.4M | -$2.0M | -$1.7M | -$1.4M | -$4.4M | -$6.5M | -$5.6M | -$7.7M | -$11.1M |
| Aquisições | -$4.2M | 0 | 0 | 0 | $39000 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Ações | -$134000 | 0 | 0 | -$1.8M | 0 | 0 | 0 | 0 | 0 | -$3.3M |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | -$5.5M | -$2.7M | $1.6M | $2.6M | $4.2M | $783000 | -$7.7M | $339000 | $27.3M | $35.6M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | -3.4% | -5.8% | -2.7% | +4.3% | +19.8% | +13.3% | +9.8% | +96.4% | +47.6% |
| Crescimento Lucro Líquido (anual) | | +8.5% | +95.0% | -746.6% | +128.8% | -371.2% | -613.4% | +92.4% | +3256.4% | +12.3% |
| Crescimento LPA (anual) | | +9.1% | +95.0% | -528.0% | +140.0% | -370.1% | -549.0% | +93.2% | +3366.7% | +3.1% |
| Variação de Ações (anual) | | +1.1% | +0.2% | -0.4% | -0.8% | +4.1% | +2.4% | +3.1% | +14.4% | +8.9% |
| Crescimento FCF (anual) | | +51.2% | +158.8% | +66.3% | +62.5% | -81.6% | -1088.8% | +104.4% | +7945.4% | +30.7% |
| Margem Bruta | 25.5% | 25.7% | 32.3% | 33.4% | 34.1% | 37.6% | 35.0% | 36.8% | 39.3% | 39.7% |
| Margem Operacional | -5.1% | -7.6% | 4.7% | -1.4% | 2.0% | -2.2% | -13.0% | 1.1% | 14.2% | 16.0% |
| Margem EBITDA | -2.4% | -2.8% | 8.7% | 3.1% | 5.9% | 1.7% | -8.3% | 5.8% | 17.8% | 19.2% |
| Margem Líquida | -8.8% | -8.3% | -0.4% | -3.8% | 1.1% | -2.4% | -15.1% | -1.0% | 16.8% | 12.8% |
| Margem FCF | -8.7% | -4.4% | 2.7% | 4.7% | 7.3% | 1.1% | -9.8% | 0.4% | 16.0% | 14.2% |
| Taxa Efetiva de Imposto | -23.5% | -3.6% | 115.7% | -102.2% | 38.4% | -87.4% | -14.5% | 739.6% | -17.1% | 22.3% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $-0.21 | $-0.10 | $0.06 | $0.10 | $0.17 | $0.03 | $-0.28 | $0.01 | $0.85 | $1.02 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $25.1M | $25.3M | $25.3M | $25.8M | $24.6M | $26.6M | $27.3M | $28.1M | $29.2M | $31.8M |
O que olhar em empresas de Technology
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Margem bruta | 42.63% |
| Margem operacional | 16.97% |
| Margem líquida | 14.66% |
Saúde financeira
| Dívida / Patrimônio | 0.09 |
| Liquidez corrente | 1.73 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | -11.14 | -6.80 | -150.00 | -18.15 | 211.16 | -87.32 | -6.74 | -271.33 | 40.33 | 50.45 |
| P/VP | 1.82 | 1.10 | 1.24 | 1.15 | 4.40 | 5.27 | 4.31 | 8.91 | 18.16 | 15.14 |
| P/V | 0.98 | 0.56 | 0.66 | 0.53 | 2.24 | 2.26 | 1.02 | 2.64 | 6.76 | 6.44 |
| Margem Bruta | 25.5% | 25.7% | 32.3% | 33.4% | 34.1% | 37.6% | 35.0% | 36.8% | 39.3% | 39.7% |
| Margem Operacional | -5.1% | -7.6% | 4.7% | -1.4% | 2.0% | -2.2% | -13.0% | 1.1% | 14.2% | 16.0% |
| Margem Líquida | -8.8% | -8.3% | -0.4% | -3.8% | 1.1% | -2.4% | -15.1% | -1.0% | 16.8% | 12.8% |