Innovative Solutions and Support Inc (IA) financial statements: income statement, balance sheet and cash flow
Innovative Solutions and Support Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 30, 2025 · FY), Innovative Solutions and Support Inc reported revenue of $84.3M (+78.6% year on year) and net income of $15.6M (+123.3% year on year).
Income statement
Innovative Solutions and Support Inc income statement, fiscal years
Line item
Sep 30, 2025 · FY
Sep 30, 2024 · FY
Sep 30, 2023 · FY
Sep 30, 2022 · FY
Total net sales
$84.3M
$47.2M
$34.8M
$27.7M
Total cost of sales
$43.8M
$21.3M
$13.5M
$11.1M
Gross profit
$40.5M
$25.9M
$21.3M
$16.7M
Research and development
$4.0M
$4.1M
$3.1M
$2.7M
Selling, general and administrative
$16.4M
$12.1M
$10.8M
$6.8M
Total operating expenses
$20.4M
$16.3M
$14.0M
$9.5M
Operating income
$20.1M
$9.7M
$7.4M
$7.2M
Interest expense
($1.7M)
($937.3K)
($393.3K)
—
Interest income
$18.9K
$127.3K
$518.2K
$61.1K
Other income
$1.6M
—
$151.3K
$65.2K
Income before income taxes
$20.0M
$8.9M
$7.6M
$7.3M
Income tax expense
$4.3M
$1.9M
$1.6M
$1.8M
Net income
$15.6M
$7.0M
$6.0M
$5.5M
Basic (in dollars per share)
$0.89
$0.40
$0.35
$0.32
Diluted (in dollars per share)
$0.88
$0.40
$0.35
$0.32
Basic (in shares)
17.6M
17.5M
17.4M
17.3M
Diluted(in shares)
17.8M
17.5M
17.4M
17.3M
Innovative Solutions and Support Inc income statement, quarters
Line item
Jun 30, 2026 · Q3
Mar 31, 2026 · Q2
Dec 31, 2025 · Q1
Jun 30, 2025 · Q3
Total net sales
$26.7M
$22.4M
$21.8M
$24.1M
Total cost of sales
$12.9M
$10.9M
$9.9M
$15.6M
Gross profit
$13.8M
$11.4M
$11.9M
$8.6M
Research and development
$1.9M
$1.8M
$1.3M
$916.8K
Selling, general and administrative
$5.9M
$4.7M
$4.3M
$4.2M
Total operating expenses
$7.8M
$6.5M
$5.6M
$5.1M
Operating income
$6.0M
$4.9M
$6.3M
$3.5M
Interest expense
($1.0M)
($508.9K)
($496.1K)
($407.5K)
Interest income
$5.6K
$3.7K
$4.1K
$4.6K
Income before income taxes
$5.0M
$4.4M
$5.9M
$3.1M
Income tax expense
$527.8K
$1.0M
$1.8M
$667.7K
Net income
$4.5M
$3.4M
$4.1M
$2.4M
Basic (in dollars per share)
$0.25
$0.19
$0.23
$0.14
Diluted (in dollars per share)
$0.25
$0.19
$0.22
$0.14
Basic (in shares)
17.9M
17.8M
17.7M
17.6M
Diluted(in shares)
18.3M
18.3M
18.1M
17.8M
Balance sheet
Innovative Solutions and Support Inc balance sheet, fiscal years
Line item
Sep 30, 2025 · FY
Sep 30, 2024 · FY
Sep 30, 2023 · FY
Sep 30, 2022 · FY
Cash and cash equivalents
$2.7M
$539.0K
$3.1M
$17.3M
Accounts receivable
$13.0M
$12.6M
$9.7M
$4.3M
Contract assets
$5.3M
$1.7M
$487.1K
$162.7K
Inventories
$25.8M
$12.7M
$6.1M
$5.3M
Prepaid inventory
$2.6M
$6.0M
$12.1M
—
Prepaid expenses and other current assets
$1.4M
$1.2M
$1.1M
$1.1M
Total current assets
$50.7M
$34.7M
$34.7M
$28.2M
Goodwill
$6.7M
$5.2M
$3.6M
—
Intangible assets, net
$23.6M
$27.0M
$16.2M
—
Property and equipment, net
$18.8M
$13.4M
$7.9M
$6.3M
Deferred income taxes
$2.8M
$1.6M
$456.4K
$46.5K
Other assets
$718.5K
$473.7K
$191.7K
$164.3K
Total assets
$103.4M
$82.4M
$63.0M
$34.7M
Current portion of long-term debt
$2.4M
—
$2.0M
—
Accounts payable
$3.6M
$2.3M
$1.3M
$708.8K
Accrued expenses
$8.2M
$4.6M
$2.9M
$3.0M
Contract liability
$2.5M
$340.5K
$143.4K
$135.7K
Total current liabilities
$16.7M
$7.3M
$6.4M
$3.9M
Long-term debt
$21.7M
$28.0M
$17.5M
—
Other liabilities
$396.5K
$451.4K
$421.5K
$15.1K
Total liabilities
$38.8M
$35.7M
$24.3M
$4.0M
Common stock, $.001 par value: 75,000,000 shares authorized, 19,727,260 and 19,599,052 issued at September 30, 2025 and September 30, 2024, respectively
17.6K
19.6K
19.5K
19.4K
Additional paid-in capital
$39.8M
$55.3M
$54.3M
$52.5M
Retained earnings
$28.3M
$12.7M
$5.7M
($359.0K)
Treasury stock, at cost, 2,096,451 shares at September 30, 2025 and at September 30, 2024, respectively
-3.5M
-21.4M
-21.4M
-21.4M
Total shareholders' equity
$64.6M
$46.6M
$38.6M
$30.7M
Total liabilities and shareholders' equity
$103.4M
$82.4M
$63.0M
$34.7M
Innovative Solutions and Support Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Dec 31, 2025
Jun 30, 2025
Cash and cash equivalents
$10.7M
$6.8M
$8.3M
$601.8K
Accounts receivable
$16.0M
$13.2M
$14.5M
$11.5M
Contract assets
$1.7M
$1.7M
$3.2M
$1.1M
Inventories
$32.1M
$28.1M
$28.3M
$20.7M
Prepaid expenses and other current assets
$3.9M
$3.5M
$2.0M
$1.9M
Total current assets
$64.4M
$53.2M
$58.4M
$39.8M
Goodwill
$15.8M
$15.8M
$6.7M
$6.7M
Intangible assets, net
$46.0M
$46.9M
$23.0M
$24.1M
Property and equipment, net
$20.7M
$20.7M
$19.5M
$18.2M
Deferred income taxes
$452.1K
$939.2K
$1.7M
$2.6M
Other assets
$586.2K
$670.8K
$708.7K
$397.9K
Total assets
$148.0M
$138.3M
$109.9M
$91.8M
Current portion of long-term debt, net
$5.6M
$5.6M
$2.4M
—
Accounts payable
$9.8M
$4.5M
$7.5M
$5.1M
Accrued expenses
$4.9M
$4.1M
$6.2M
$3.6M
Contract liabilities
$1.4M
$2.2M
$3.5M
$2.5M
Total current liabilities
$21.7M
$16.5M
$19.7M
$11.3M
Long-term debt, net
$48.7M
$49.3M
$21.1M
$23.3M
Other liabilities
$396.5K
$396.5K
$396.5K
$459.1K
Total liabilities
$70.8M
$66.2M
$41.2M
$35.0M
Common stock, $.001 par value: 75,000,000 shares authorized, 18,237,353 and 17,970,453 issued at June 30, 2026 and September 30, 2025, respectively
17.9K
17.8K
17.8K
19.7K
Additional paid-in capital
$40.4M
$39.8M
$39.8M
$57.0M
Retained earnings
$40.3M
$35.8M
$32.4M
$21.2M
Treasury stock, at cost, 339,644 shares at June 30, 2026 and at September 30, 2025, respectively
-3.5M
-3.5M
-3.5M
-21.4M
Total shareholders' equity
$77.2M
$72.1M
$68.7M
$56.8M
Total liabilities and shareholders' equity
$148.0M
$138.3M
$109.9M
$91.8M
Cash flow statement
Innovative Solutions and Support Inc cash flow statement, fiscal years
Line item
Sep 30, 2025 · FY
Sep 30, 2024 · FY
Sep 30, 2023 · FY
Sep 30, 2022 · FY
Net income
$15.6M
$7.0M
$6.0M
$5.5M
Depreciation and amortization
$3.7M
$2.1M
$697.9K
$368.5K
Share-based compensation
$2.3M
—
—
—
Amortization of loan fees
$40.3K
—
—
—
Deferred income taxes
($1.3M)
($1.1M)
$9.5K
$1.0M
Accounts receivable
($344.0K)
($2.9M)
($5.4M)
($251.1K)
Contract assets
($3.6M)
($1.2M)
($324.4K)
($162.7K)
Inventories
($9.7M)
($2.3M)
($834.9K)
($708.9K)
Prepaid expenses and other current assets
($479.1K)
$811.7K
$69.5K
($309.4K)
Other non-current assets
($4.8K)
($295.0K)
($101.4K)
—
Accounts payable
$1.3M
$978.2K
$628.4K
$85.2K
Accrued expenses
$2.7M
$624.3K
$203.8K
$1.3M
Income taxes payable
$850.9K
$1.1M
($257.1K)
$269.0K
Contract liabilities
$2.1M
$197.1K
($115.8K)
$74.4K
Net cash provided by operating activities
$13.3M
$5.8M
$2.1M
$6.1M
Purchases of property and equipment
($6.5M)
($657.8K)
($298.4K)
($161.2K)
Net cash (used in) investing activities
($6.5M)
($16.9M)
($36.2M)
$2.6M
Debt payments
($28.0M)
($43.8M)
($500.0K)
—
Initial Term Loan debt proceeds
$25.0M
—
—
—
Initial Term Loan principal payments
($625.0K)
—
—
—
Payments of debt issuance costs
($984.6K)
—
—
—
Net cash (used in) provided by financing activities
($4.6M)
$8.5M
$19.9M
$301.2K
Net increase (decrease) in cash and cash equivalents
$2.2M
($2.6M)
($14.2M)
$9.0M
Cash and cash equivalents, beginning of year
$539.0K
$3.1M
$17.3M
$8.3M
Cash and cash equivalents, end of year
$2.7M
$539.0K
—
—
Cash paid for income taxes
$4.7M
$1.9M
$1.9M
$531.5K
Cash paid for interest
$1.5M
$847.1K
—
—
Transfer from prepaid inventory to inventory
$3.4M
$4.3M
—
—
Transfer from prepaid expenses and other current assets to PP&E
$119.6K
—
—
—
Transfer from intangible assets to goodwill
$1.5M
—
—
—
Transfer from prepaid expenses to intangible assets
$276.0K
—
—
—
Transfer from other assets to PP&E
$318.5K
—
—
—
Innovative Solutions and Support Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · YTD
Dec 31, 2025 · Q1
Jun 30, 2025 · YTD
Net income
$12.0M
$7.5M
$4.1M
$8.5M
Depreciation and amortization
$3.2M
$1.9M
$1.0M
$2.8M
Share-based compensation
$2.1M
$1.4M
$915.9K
—
Amortization of loan fees
$159.7K
$106.5K
$53.2K
—
Deferred income taxes
$2.4M
$1.9M
$1.1M
($950.6K)
Accounts receivable
($3.0M)
($231.6K)
($1.5M)
$1.1M
Contract assets
$3.6M
$3.7M
$2.1M
$544.4K
Inventories
($3.6M)
$297.0K
($2.0M)
($5.9M)
Prepaid expenses and other current assets
($886.1K)
($1.5M)
($608.5K)
($1.2M)
Other non-current assets
$20.7K
($26.7K)
($27.4K)
($244.8K)
Accounts payable
$6.2M
$909.1K
$3.9M
$2.8M
Accrued expenses
($1.8M)
($2.5M)
($2.6M)
($325.0K)
Income taxes payable
($3.7M)
($2.7M)
$670.1K
($642.8K)
Contract liabilities
($1.1M)
($261.0K)
$1.0M
$2.2M
Net cash provided by operating activities
$15.5M
$10.5M
$8.2M
$10.3M
Purchases of property and equipment
($3.2M)
($2.7M)
($1.1M)
($5.5M)
Acquisition of businesses
($33.0M)
($33.0M)
—
—
Net cash used in investing activities
($36.2M)
($35.7M)
($1.1M)
($5.5M)
Delayed Draw Term Loan proceeds
$32.0M
$32.0M
—
—
Term Loan principal payments
($1.9M)
($1.3M)
—
—
Taxes paid related to net share settlement of equity awards
($1.5M)
($1.4M)
($833.1K)
—
Net cash provided by (used in) financing activities