Innodata Inc. (INOD) reported a 58% year-over-year revenue increase, reaching $92.1 million in Q2 2026, alongside a 92% surge in adjusted EBITDA to $25.4 million. The revenue growth is attributed to its focus on high-value AI data services and a diversified customer base, with the largest client representing 37% of revenues, a decline from 56% in Q1 2026. The company anticipates at least 40% revenue growth in 2026.
TaskUs, Inc. (TASK), on the other hand, posted a more modest 5% revenue growth to $308.9 million in Q2 2026, with adjusted EBITDA at $57.7 million and an 18.7% margin. Although its AI Services segment is showing promise with a 26% growth year-over-year, the broader outsourcing business is stabilizing slower than anticipated. TASK’s largest client saw a 22% decrease in revenue compared to the previous year.
In comparison, TaskUs shares have risen 22.9% in the last three months, while Innodata shares have dropped 43.8%. Current valuations reflect a significant gap, with Innodata trading at 37.29 times forward earnings compared to TaskUs at 5.24 times. Analysts have raised their EPS estimates for Innodata, projecting a growth of 28.3% in 2026, while TaskUs is expected to decline by 18.4% in the same year.
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