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Innovative Solutions and Support (ISSC) Financials

Innovative Solutions and Support logo
$18.37 +0.02 (+0.11%)
Closing price 04:00 PM Eastern
Extended Trading
$18.39 +0.02 (+0.08%)
As of 06:07 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Innovative Solutions and Support

Annual Income Statements for Innovative Solutions and Support

This table shows Innovative Solutions and Support's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 -5.87 1.99 4.57 -3.65 9.53 3.27 5.06 5.52 6.03 7.00 16
Consolidated Net Income / (Loss)		 -5.87 1.99 4.57 -3.65 1.85 3.27 5.06 5.52 6.03 7.00 16
Net Income / (Loss) Continuing Operations		 -5.87 1.99 4.57 -3.65 9.53 3.27 5.06 5.52 6.03 7.00 16
Total Pre-Tax Income 		-3.56 2.56 4.82 -3.59 1.85 2.96 3.98 7.34 7.64 8.85 20
Total Operating Income		 -3.62 2.44 -0.08 -3.71 1.53 2.75 3.90 7.22 7.36 9.66 20
Total Gross Profit		 6.93 16 8.12 6.54 18 12 13 17 21 26 41
Total Revenue		 20 28 17 14 18 22 23 28 35 47 84
Operating Revenue		 20 28 17 14 18 22 23 28 35 47 84
Total Cost of Revenue		 13 11 8.67 7.31 0.00 9.79 10 11 13 21 44
Operating Cost of Revenue		 13 11 8.67 7.31 - 9.79 10 11 13 21 44
Total Operating Expenses		 11 14 8.20 10 8.37 9.06 8.88 9.46 14 16 20
Selling, General & Admin Expense		 7.85 9.17 3.74 6.67 5.88 6.10 6.26 6.75 11 12 16
Research & Development Expense		 2.71 4.87 4.46 3.58 2.49 2.96 2.62 2.71 3.13 4.14 3.99
Total Other Income / (Expense), net		 0.06 0.11 4.89 0.12 0.32 0.22 0.08 0.13 0.28 -0.81 -0.12
Interest Expense		 - - - - - - 0.00 0.00 0.39 0.94 1.73
Interest & Investment Income		 0.02 0.03 0.04 0.05 0.25 0.15 0.00 0.06 0.52 0.13 0.02
Other Income / (Expense), net		 0.03 0.08 4.86 0.07 0.07 0.06 0.07 0.07 0.15 0.00 1.59
Income Tax Expense		 2.30 0.57 0.25 0.06 0.00 -0.31 -1.09 1.82 1.61 1.85 4.32
Basic Earnings per Share		 ($0.35) $0.12 $0.27 ($0.22) $0.11 $0.19 $0.29 $0.32 $0.35 $0.40 $0.89
Weighted Average Basic Shares Outstanding		 16.92M 16.93M 16.74M 16.81M 16.87M 16.94M 17.23M 17.26M 17.41M 17.46M 17.57M
Diluted Earnings per Share		 ($0.35) $0.12 $0.27 ($0.22) $0.11 $0.19 $0.29 $0.32 $0.35 $0.40 $0.88
Weighted Average Diluted Shares Outstanding		 16.92M 17.04M 16.86M 16.81M 16.94M 17.11M 17.23M 17.26M 17.42M 17.48M 17.83M
Weighted Average Basic & Diluted Shares Outstanding		 16.80M 16.60M 16.90M 16.60M 16.91M 17.21M 17.25M 17.32M - 17.54M 17.75M

Quarterly Income Statements for Innovative Solutions and Support

This table shows Innovative Solutions and Support's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 2.63 1.06 1.21 1.55 3.18 0.74 5.34 2.44 7.11 4.06 3.43
Consolidated Net Income / (Loss)		 2.63 1.06 1.21 1.55 3.18 0.74 5.34 2.44 7.11 4.06 3.43
Net Income / (Loss) Continuing Operations		 2.63 1.06 1.21 1.55 3.18 0.74 5.34 2.44 7.11 4.06 3.43
Total Pre-Tax Income 		3.36 1.35 1.53 1.88 4.08 0.92 6.60 3.11 9.32 5.86 4.44
Total Operating Income		 3.65 1.62 1.64 2.04 4.37 1.34 6.98 3.51 8.23 6.29 4.94
Total Gross Profit		 8.11 5.52 5.58 6.28 8.53 6.61 11 8.58 14 12 11
Total Revenue		 13 9.31 11 12 15 16 22 24 22 22 22
Operating Revenue		 13 9.31 11 12 15 16 22 24 22 22 22
Total Cost of Revenue		 4.88 3.78 5.16 5.49 6.86 9.36 11 16 8.20 9.92 11
Operating Cost of Revenue		 4.88 3.78 5.16 5.49 6.86 9.36 11 16 8.20 9.92 11
Total Operating Expenses		 4.46 3.91 3.94 4.24 4.16 5.27 4.28 5.07 5.82 5.59 6.49
Selling, General & Admin Expense		 3.72 3.01 2.91 3.14 3.06 4.16 3.42 4.15 4.72 4.26 4.70
Research & Development Expense		 0.74 0.90 1.03 1.10 1.11 1.11 0.87 0.92 1.10 1.33 1.79
Total Other Income / (Expense), net		 -0.29 -0.26 -0.11 -0.15 -0.28 -0.42 -0.38 -0.40 1.09 -0.43 -0.51
Interest Expense		 0.39 0.36 0.17 0.17 0.23 0.43 0.39 0.41 0.50 0.50 0.51
Interest & Investment Income		 0.09 0.08 0.04 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00
Other Income / (Expense), net		 0.02 0.02 0.03 0.01 -0.06 0.00 0.00 0.00 1.59 0.06 0.00
Income Tax Expense		 0.73 0.30 0.33 0.33 0.90 0.19 1.27 0.67 2.21 1.81 1.00
Basic Earnings per Share		 $0.16 $0.06 $0.07 $0.09 $0.18 $0.04 $0.30 $0.14 $0.41 $0.23 $0.19
Weighted Average Basic Shares Outstanding		 17.41M 17.45M 17.46M 17.46M 17.46M 17.51M 17.55M 17.60M 17.57M 17.69M 17.80M
Diluted Earnings per Share		 $0.16 $0.06 $0.07 $0.09 $0.18 $0.04 $0.30 $0.14 $0.40 $0.22 $0.19
Weighted Average Diluted Shares Outstanding		 17.42M 17.47M 17.49M 17.47M 17.48M 17.58M 17.64M 17.84M 17.83M 18.06M 18.30M
Weighted Average Basic & Diluted Shares Outstanding		 0.00 17.46M 17.49M 17.50M 17.54M 17.55M 17.60M 17.63M 17.75M 17.78M 17.89M

Annual Cash Flow Statements for Innovative Solutions and Support

This table details how cash moves in and out of Innovative Solutions and Support's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025
Net Change in Cash & Equivalents		 1.07 2.49 5.91 -4.29 2.03 -16 -16 8.98 -14 -2.56 2.15
Net Cash From Operating Activities		 1.40 3.56 6.07 -1.74 2.11 4.59 4.59 6.09 2.10 5.80 13
Net Cash From Continuing Operating Activities		 1.40 3.56 6.07 -1.74 2.11 4.59 4.59 6.09 2.05 5.80 13
Net Income / (Loss) Continuing Operations		 -5.87 1.99 4.57 -3.65 1.85 5.06 5.06 5.52 6.03 7.00 16
Consolidated Net Income / (Loss)		 -5.87 1.99 4.57 -3.65 1.85 5.06 5.06 5.52 6.03 7.00 16
Depreciation Expense		 0.57 0.49 0.45 0.44 0.45 0.43 0.43 0.37 0.70 2.10 3.73
Amortization Expense		 - - - - - - - - 0.00 0.00 0.04
Non-Cash Adjustments To Reconcile Net Income		 1.81 0.25 0.50 0.75 0.19 0.35 0.35 -1.17 1.05 -0.15 0.84
Changes in Operating Assets and Liabilities, net		 4.88 0.83 0.55 0.72 -0.39 -1.25 -1.25 1.38 -5.73 -3.15 -6.94
Net Cash From Investing Activities		 -0.12 -0.35 -0.15 -2.55 -0.08 -0.34 -0.34 2.59 -36 -17 -6.51
Net Cash From Continuing Investing Activities		 -0.12 -0.35 -0.15 -2.55 -0.08 -0.34 -0.34 2.59 -36 -17 -6.51
Purchase of Property, Plant & Equipment		 -0.19 -0.35 -0.15 -2.55 -0.08 -0.34 -0.34 -0.16 -0.30 -0.66 -6.51
Acquisitions		 - - - - - 0.00 - 0.00 -36 -18 0.00
Sale of Property, Plant & Equipment		 0.07 0.00 - - - 0.00 0.00 2.75 0.00 2.23 0.00
Net Cash From Financing Activities		 -0.22 -0.72 0.00 0.00 0.00 -20 -20 0.30 20 8.53 -4.64
Net Cash From Continuing Financing Activities		 -0.22 -0.72 0.00 0.00 0.00 -20 -20 0.30 20 8.53 -4.64
Repayment of Debt		 - - - - - 0.00 - 0.00 -0.50 -44 -30
Issuance of Debt		 - - - - - 0.00 - 0.00 20 52 25
Other Financing Activities, net		 0.04 - - 0.00 0.00 0.02 0.02 0.30 0.41 0.00 0.00
Cash Interest Paid		 - - - - - - - 0.00 0.26 0.85 1.54
Cash Income Taxes Paid		 - 0.18 0.40 0.01 0.00 0.00 0.00 0.53 1.86 1.91 4.73

Quarterly Cash Flow Statements for Innovative Solutions and Support

This table details how cash moves in and out of Innovative Solutions and Support's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 0.52 -2.63 0.11 -0.05 0.02 0.07 0.62 -0.62 2.09 5.59 -1.52
Net Cash From Operating Activities		 1.16 4.22 0.20 0.93 0.45 1.84 1.29 7.21 2.97 8.16 2.29
Net Cash From Continuing Operating Activities		 1.11 4.22 0.20 0.93 0.45 1.84 1.29 7.21 2.97 8.16 2.29
Net Income / (Loss) Continuing Operations		 2.63 1.06 1.21 1.55 3.18 0.74 5.34 2.44 7.11 4.06 3.43
Consolidated Net Income / (Loss)		 2.63 1.06 1.21 1.55 3.18 0.74 5.34 2.44 7.11 4.06 3.43
Depreciation Expense		 0.44 0.41 0.41 0.61 0.66 1.37 0.64 0.82 0.91 1.03 0.86
Amortization Expense		 - - - - - 0.00 - - - 0.05 0.05
Non-Cash Adjustments To Reconcile Net Income		 -0.13 0.53 -0.96 0.37 -0.10 -1.32 2.42 1.47 -1.34 4.07 0.75
Changes in Operating Assets and Liabilities, net		 -1.83 2.22 -0.46 -1.60 -3.30 1.05 -7.10 2.48 -3.75 -1.05 -2.80
Net Cash From Investing Activities		 -0.13 2.04 -0.13 -0.20 -19 -0.26 -1.56 -3.69 -1.01 -1.11 -35
Net Cash From Continuing Investing Activities		 -0.13 2.04 -0.13 -0.20 -19 -0.26 -1.56 -3.69 -1.01 -1.11 -35
Purchase of Property, Plant & Equipment		 -0.13 -0.18 -0.13 -0.20 -0.15 -0.26 -1.56 -3.69 -1.01 -1.11 -1.62
Net Cash From Financing Activities		 -0.50 -8.89 0.03 -0.78 18 -1.51 0.89 -4.14 0.13 -1.46 31
Net Cash From Continuing Financing Activities		 -0.50 -8.89 0.03 -0.78 18 -1.51 0.89 -4.14 0.13 -1.46 31
Repayment of Debt		 -0.50 -28 -5.06 -5.34 -5.14 -1.51 0.89 -4.14 -25 -0.63 -0.63
Other Financing Activities, net		 - - - - - 0.00 - - - -0.83 -0.56
Cash Interest Paid		 - 0.32 0.17 0.16 - 0.38 0.38 0.42 0.35 0.45 0.42

Annual Balance Sheets for Innovative Solutions and Support

This table presents Innovative Solutions and Support's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025
Total Assets		 36 36 41 38 39 42 27 35 63 82 103
Total Current Assets		 28 29 34 29 30 33 18 28 35 35 51
Cash & Equivalents		 16 19 25 20 22 13 8.27 17 3.10 0.54 2.69
Accounts Receivable		 6.31 6.11 4.23 3.45 2.35 4.37 4.05 4.30 9.74 13 13
Inventories, net		 4.60 3.65 4.18 4.28 4.47 4.29 4.55 5.35 18 19 28
Prepaid Expenses		 1.22 0.85 1.09 0.54 0.64 0.68 0.83 1.14 1.07 1.16 1.39
Other Current Assets		 - - - 0.00 0.08 - 0.00 0.16 2.55 1.68 5.32
Plant, Property, & Equipment, net		 7.10 6.96 6.67 8.79 8.44 8.18 8.14 6.29 7.89 13 19
Total Noncurrent Assets		 0.60 0.16 0.19 0.18 0.15 0.25 1.25 0.21 20 34 34
Goodwill		 - - - - - - - 0.00 3.56 5.21 6.70
Intangible Assets		 - - - - - - - 0.06 16 27 24
Noncurrent Deferred & Refundable Income Taxes		 0.43 - - - - 0.00 1.06 0.05 0.46 1.63 2.82
Other Noncurrent Operating Assets		 0.17 0.16 0.19 0.18 0.15 0.25 0.19 0.10 0.19 0.47 0.72
Total Liabilities & Shareholders' Equity		 36 36 41 38 39 42 27 35 63 82 103
Total Liabilities		 4.76 3.64 3.43 3.48 2.35 14 2.50 3.96 24 36 39
Total Current Liabilities		 4.76 3.57 3.36 3.35 2.22 14 2.47 3.94 6.40 7.27 17
Short-Term Debt		 - - - - - - - 0.00 2.00 0.00 2.44
Accounts Payable		 1.44 1.50 1.32 1.53 1.08 0.79 0.62 0.71 1.34 2.32 3.58
Accrued Expenses		 2.57 1.89 1.76 1.46 1.11 1.36 1.43 2.97 2.92 4.61 8.16
Other Current Liabilities		 - - - - 0.03 - 0.42 0.26 0.14 0.34 2.48
Total Noncurrent Liabilities		 0.00 0.07 0.07 0.13 0.13 0.13 0.03 0.02 18 28 22
Long-Term Debt		 - - - - - - - 0.00 18 28 22
Other Noncurrent Operating Liabilities		 0.00 - - - - 0.00 0.03 0.02 0.42 0.45 0.40
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 31 33 38 34 36 28 25 31 39 47 65
Total Preferred & Common Equity		 31 33 38 34 36 28 25 31 39 47 65
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 31 33 38 34 36 28 25 31 39 47 65
Common Stock		 51 51 52 52 52 51 52 52 54 37 40
Retained Earnings		 0.82 2.81 7.37 3.72 5.57 -2.34 -5.88 -0.36 5.67 13 28
Treasury Stock		 -21 -21 -21 -21 -21 -21 -21 -21 -21 -3.46 -3.46

Quarterly Balance Sheets for Innovative Solutions and Support

This table presents Innovative Solutions and Support's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 12/31/2024 3/31/2025 6/30/2025 12/31/2025 3/31/2026
Total Assets		 56 58 60 81 90 92 110 138
Total Current Assets		 27 24 26 34 41 40 58 53
Cash & Equivalents		 0.47 0.57 0.52 0.60 1.23 0.60 8.29 6.76
Accounts Receivable		 5.58 6.06 7.33 7.72 14 12 15 13
Inventories, net		 19 16 16 21 23 25 30 28
Prepaid Expenses		 0.92 0.71 0.98 1.57 1.36 1.94 2.00 3.54
Other Current Assets		 0.65 1.23 1.10 3.41 1.77 1.14 3.21 1.66
Plant, Property, & Equipment, net		 7.93 12 12 13 15 18 20 21
Total Noncurrent Assets		 21 21 22 34 34 34 32 64
Goodwill		 3.56 3.56 4.07 5.21 6.70 6.70 6.70 16
Intangible Assets		 16 16 16 27 25 24 23 47
Noncurrent Deferred & Refundable Income Taxes		 1.14 1.17 1.11 1.84 2.13 2.58 1.69 0.94
Other Noncurrent Operating Assets		 0.22 0.32 0.55 0.15 0.17 0.40 0.71 0.67
Total Liabilities & Shareholders' Equity		 56 58 60 81 90 92 110 138
Total Liabilities		 16 16 17 33 36 35 41 66
Total Current Liabilities		 15 16 16 6.52 8.52 11 20 16
Short-Term Debt		 11 11 9.86 - - - 2.44 5.64
Accounts Payable		 1.55 2.65 3.34 1.88 4.71 5.11 7.51 4.49
Accrued Expenses		 2.98 2.42 2.82 4.28 3.07 3.64 6.24 4.13
Other Current Liabilities		 0.23 0.10 0.13 0.36 0.73 2.53 3.52 2.22
Total Noncurrent Liabilities		 0.43 0.44 0.45 27 28 24 21 50
Long-Term Debt		 0.00 0.00 0.00 27 27 23 21 49
Other Noncurrent Operating Liabilities		 0.43 0.44 0.45 0.45 0.46 0.46 0.40 0.40
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 40 41 43 48 54 57 69 72
Total Preferred & Common Equity		 40 41 43 48 54 57 69 72
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 40 41 43 48 54 57 69 72
Common Stock		 55 55 55 56 56 57 40 40
Retained Earnings		 6.73 7.93 9.49 13 19 21 32 36
Treasury Stock		 -21 -21 -21 -21 -21 -21 -3.46 -3.46

Annual Metrics And Ratios for Innovative Solutions and Support

This table displays calculated financial ratios and metrics derived from Innovative Solutions and Support's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025
DEI Shares Outstanding		 16,889,638.00 16,908,849.00 16,783,129.00 16,840,599.00 16,909,036.00 16,984,426.00 17,246,372.00 17,276,213.00 17,446,990.00 - 17,628,163.00
DEI Adjusted Shares Outstanding		 16,889,638.00 16,908,849.00 16,783,129.00 16,840,599.00 16,909,036.00 16,984,426.00 17,246,372.00 17,276,213.00 17,446,990.00 - 17,628,163.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.35 0.12 0.27 -0.22 0.56 0.19 0.29 0.32 0.35 - 0.89
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -54.49% 39.38% -39.98% -17.49% 26.87% 22.89% 6.71% 20.38% 25.48% 35.59% 78.60%
EBITDA Growth		 -740.08% 199.93% 73.46% -161.33% 164.03% 57.67% 36.13% 73.52% 7.31% 43.26% 116.27%
EBIT Growth		 -3,313.05% 170.29% 89.59% -176.22% 143.98% 75.10% 41.69% 83.12% 3.16% 28.64% 124.16%
NOPAT Growth		 -2,434.33% 174.96% -103.87% -3,431.32% 158.78% 98.52% 63.86% 9.28% 7.02% 31.48% 105.82%
Net Income Growth		 -3,029.14% 133.87% 129.95% -179.98% 150.64% 76.72% 54.90% 9.06% 9.12% 16.10% 123.30%
EPS Growth		 -3,600.00% 134.29% 125.00% -181.48% 150.00% 72.73% 52.63% 10.34% 9.38% 14.29% 120.00%
Operating Cash Flow Growth		 296.80% 154.14% 70.29% -128.70% 221.05% 117.92% 0.00% 32.70% -65.61% 176.51% 129.52%
Free Cash Flow Firm Growth		 283.58% -31.46% -62.54% -418.33% 143.67% 10.56% 129.99% 116.30% -533.16% 67.96% 133.20%
Invested Capital Growth		 -30.91% -6.51% -8.18% 6.46% 0.20% 9.96% 7.61% -17.28% 307.72% 34.68% 16.08%
Revenue Q/Q Growth		 -25.26% 12.39% -10.62% -4.02% 7.04% 7.43% 2.57% 1.43% 19.70% 5.34% 8.86%
EBITDA Q/Q Growth		 11.20% 820.57% -13.52% -6.07% 175.67% 12.72% 16.36% 5.81% 26.27% 7.87% 29.51%
EBIT Q/Q Growth		 10.11% 375.85% -14.29% -5.38% 465.68% 13.96% 19.63% 6.24% 22.10% 7.06% 34.09%
NOPAT Q/Q Growth		 10.32% 374.83% -105.74% 11.51% 637.88% 13.46% 6.21% 0.81% 28.51% 7.62% 22.05%
Net Income Q/Q Growth		 -8.80% 303.95% -11.32% -6.67% 321.67% 8.16% 5.99% 1.32% 20.67% 8.45% 33.61%
EPS Q/Q Growth		 -6.06% 300.00% -12.90% -10.00% 450.00% 5.56% 3.57% 3.23% 25.00% 5.26% 33.33%
Operating Cash Flow Q/Q Growth		 -23.04% 64.29% -26.26% -12.78% 18.86% 846.25% -40.81% -15.59% 242.52% -10.95% 23.39%
Free Cash Flow Firm Q/Q Growth		 11.62% 53.49% -72.70% 9.93% 20.09% 1,778.43% -16.55% 24.60% -3.87% -246.97% 127.06%
Invested Capital Q/Q Growth		 -16.57% -9.06% 0.90% 0.54% 9.04% -1.64% 5.11% -5.54% 3.44% 41.14% 8.31%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 34.54% 58.95% 48.36% 47.21% 100.00% 54.65% 55.46% 60.11% 61.22% 54.90% 48.06%
EBITDA Margin		 -15.04% 10.78% 31.15% -23.16% 11.69% 14.99% 19.13% 27.57% 23.58% 24.92% 30.17%
Operating Margin		 -18.04% 8.74% -0.46% -26.80% 8.70% 12.71% 16.93% 26.01% 21.14% 20.47% 23.81%
EBIT Margin		 -17.88% 9.02% 28.48% -26.31% 9.12% 12.99% 17.25% 26.25% 21.58% 20.47% 25.69%
Profit (Net Income) Margin		 -29.23% 7.10% 27.22% -26.38% 10.53% 15.14% 21.98% 19.91% 17.32% 14.83% 18.54%
Tax Burden Percent		 164.66% 77.76% 94.85% 101.77% 99.90% 110.43% 127.35% 75.24% 78.95% 79.06% 78.33%
Interest Burden Percent		 99.31% 101.33% 100.75% 98.53% 115.58% 105.52% 100.03% 100.84% 101.66% 91.62% 92.12%
Effective Tax Rate		 0.00% 22.24% 5.15% 0.00% 0.10% -10.43% -27.35% 24.76% 21.05% 20.94% 21.67%
Return on Invested Capital (ROIC)		 -13.75% 13.04% -0.54% -19.47% 11.09% 20.94% 31.56% 36.41% 16.95% 11.83% 19.63%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.40% 12.54% -21.91% -14.78% 9.58% 19.58% 30.63% 35.67% -34.49% 8.91% 19.25%
Return on Net Nonoperating Assets (RNNOA)		 -3.41% -6.85% 13.51% 9.28% -5.83% -10.72% -12.21% -16.45% 0.42% 4.59% 8.47%
Return on Equity (ROE)		 -17.16% 6.19% 12.97% -10.18% 5.26% 10.22% 19.35% 19.96% 17.37% 16.41% 28.10%
Cash Return on Invested Capital (CROIC)		 22.80% 19.77% 7.99% -25.73% 10.89% 11.45% 24.22% 55.33% -104.26% -17.73% 4.75%
Operating Return on Assets (OROA)		 -8.94% 6.95% 12.33% -9.26% 4.21% 7.01% 11.59% 23.57% 15.38% 13.30% 23.32%
Return on Assets (ROA)		 -14.62% 5.47% 11.79% -9.29% 4.86% 8.16% 14.76% 17.88% 12.34% 9.63% 16.83%
Return on Common Equity (ROCE)		 -17.16% 6.19% 12.97% -10.18% 5.26% 10.22% 19.35% 19.96% 17.37% 16.41% 28.10%
Return on Equity Simple (ROE_SIMPLE)		 -18.72% 6.05% 12.15% -10.70% 5.11% 11.77% 20.60% 17.96% 0.00% 15.01% 0.00%
Net Operating Profit after Tax (NOPAT)		 -2.53 1.90 -0.07 -2.60 1.53 3.03 4.97 5.43 5.81 7.64 16
NOPAT Margin		 -12.63% 6.79% -0.44% -18.76% 8.69% 14.04% 21.56% 19.57% 16.69% 16.18% 18.65%
Net Nonoperating Expense Percent (NNEP)		 -21.16% 0.50% 21.37% -4.69% 1.51% 1.36% 0.93% 0.74% 51.45% 2.92% 0.39%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 17.65% 9.99% 10.23% 17.72%
Cost of Revenue to Revenue		 65.46% 41.05% 51.64% 52.79% 0.00% 45.35% 44.54% 39.89% 38.78% 45.10% 51.94%
SG&A Expenses to Revenue		 39.11% 32.79% 22.28% 48.19% 33.45% 28.25% 27.15% 24.35% 31.09% 25.67% 19.51%
R&D to Revenue		 13.48% 17.42% 26.55% 25.82% 14.17% 13.69% 11.38% 9.75% 8.99% 8.77% 4.74%
Operating Expenses to Revenue		 52.59% 50.21% 48.82% 74.01% 47.62% 41.94% 38.54% 34.10% 40.08% 34.43% 24.25%
Earnings before Interest and Taxes (EBIT)		 -3.59 2.52 4.78 -3.64 1.60 2.81 3.98 7.28 7.51 9.66 22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -3.02 3.01 5.23 -3.21 2.05 3.24 4.41 7.65 8.21 12 25
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.26 1.42 1.40 1.08 1.90 3.92 4.92 4.85 3.43 2.45 3.41
Price to Tangible Book Value (P/TBV)		 1.26 1.42 1.40 1.08 1.90 3.92 4.92 4.86 7.02 7.92 6.42
Price to Revenue (P/Rev)		 1.97 1.67 3.14 2.67 3.91 5.03 5.25 5.37 3.81 2.42 2.61
Price to Earnings (P/E)		 0.00 23.45 11.55 0.00 7.21 33.25 23.90 26.99 22.00 16.30 14.09
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 10.15% 16.38% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 4.26% 8.66% 0.00% 13.88% 3.01% 4.18% 3.70% 4.55% 6.13% 7.10%
Enterprise Value to Invested Capital (EV/IC)		 1.54 1.98 2.17 1.20 3.35 5.60 6.91 9.77 2.71 1.91 2.81
Enterprise Value to Revenue (EV/Rev)		 1.16 1.00 1.67 1.20 2.63 3.93 4.90 4.75 4.28 3.00 2.87
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 9.23 5.37 0.00 22.51 26.23 25.59 17.24 18.15 12.04 9.50
Enterprise Value to EBIT (EV/EBIT)		 0.00 11.04 5.88 0.00 28.86 30.27 28.37 18.11 19.84 14.65 11.16
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 14.65 0.00 0.00 30.28 28.02 22.71 24.29 25.65 18.54 15.37
Enterprise Value to Operating Cash Flow (EV/OCF)		 16.60 7.81 4.63 0.00 21.94 18.50 24.56 21.63 71.08 24.43 18.16
Enterprise Value to Free Cash Flow (EV/FCFF)		 5.54 9.66 26.05 0.00 30.83 51.23 29.58 15.98 0.00 0.00 63.57
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.60 0.37
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.45 0.60 0.34
Financial Leverage		 -0.46 -0.55 -0.62 -0.63 -0.61 -0.55 -0.40 -0.46 -0.01 0.51 0.44
Leverage Ratio		 1.17 1.13 1.10 1.10 1.08 1.25 1.31 1.12 1.41 1.70 1.67
Compound Leverage Factor		 1.17 1.15 1.11 1.08 1.25 1.32 1.31 1.13 1.43 1.56 1.54
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 33.54% 37.54% 27.20%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.44% 0.00% 2.75%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 30.10% 37.54% 24.45%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 66.46% 62.46% 72.80%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.38 2.38 0.95
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.00 2.34 0.84
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.13 2.38 0.85
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.36 3.67 1.54
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.82 3.60 1.36
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.01 3.67 1.38
Altman Z-Score		 6.03 9.63 11.18 7.37 19.20 5.96 30.75 24.93 4.88 3.49 5.69
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 5.97 8.22 10.17 8.56 13.50 2.43 7.16 7.16 5.42 4.77 3.04
Quick Ratio		 4.75 6.96 8.60 7.12 11.16 1.24 4.98 5.47 2.01 1.81 0.94
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 4.20 2.88 1.08 -3.43 1.50 1.66 3.81 8.25 -36 -11 3.80
Operating Cash Flow to CapEx		 1,178.16% 1,012.94% 3,963.51% -68.31% 2,592.73% 1,348.05% 1,348.05% 0.00% 702.53% 0.00% 204.29%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -90.85 -12.21 2.20
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.33 6.18 7.71
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.57 7.86 3.94
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.50 0.77 0.43 0.35 0.46 0.54 0.67 0.90 0.71 0.65 0.91
Accounts Receivable Turnover		 2.21 4.50 3.25 3.61 6.06 6.43 5.48 6.65 4.96 4.22 6.59
Inventory Turnover		 2.61 2.79 2.22 1.73 0.00 2.24 2.32 2.24 1.15 1.15 1.86
Fixed Asset Turnover		 2.76 3.98 2.46 1.79 2.04 2.60 2.82 3.84 4.91 4.44 5.24
Accounts Payable Turnover		 6.84 7.81 6.14 5.13 0.00 10.47 14.51 16.61 13.19 11.65 14.86
Days Sales Outstanding (DSO)		 165.16 81.06 112.39 101.19 60.22 56.77 66.64 54.89 73.62 86.44 55.36
Days Inventory Outstanding (DIO)		 139.88 131.02 164.75 211.15 0.00 163.28 157.14 163.18 318.53 316.41 196.14
Days Payable Outstanding (DPO)		 53.33 46.72 59.48 71.16 0.00 34.85 25.15 21.97 27.67 31.32 24.57
Cash Conversion Cycle (CCC)		 251.71 165.36 217.67 241.18 60.22 185.21 198.63 196.09 364.48 371.53 226.93
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 15 14 13 14 14 15 16 13 55 74 86
Invested Capital Turnover		 1.09 1.92 1.24 1.04 1.28 1.49 1.46 1.86 1.02 0.73 1.05
Increase / (Decrease) in Invested Capital		 -6.74 -0.98 -1.15 0.84 0.03 1.37 1.15 -2.82 42 19 12
Enterprise Value (EV)		 23 28 28 17 46 85 113 132 149 142 242
Market Capitalization		 40 47 53 37 69 109 121 149 133 114 220
Book Value per Share		 $1.86 $1.94 $2.24 $2.03 $2.14 $1.64 $1.43 $1.78 $2.21 $2.67 $3.66
Tangible Book Value per Share		 $1.86 $1.94 $2.24 $2.03 $2.14 $1.64 $1.43 $1.78 $1.08 $0.82 $1.95
Total Capital		 31 33 38 34 36 28 25 31 58 75 89
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 20 28 24
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18 28 22
Net Debt		 -16 -19 -25 -20 -22 -24 -8.27 -17 16 27 21
Capital Expenditures (CapEx)		 0.12 0.35 0.15 2.55 0.08 0.34 0.34 -2.59 0.30 -1.57 6.51
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 7.37 7.03 6.14 4.92 5.32 -4.31 6.95 7.01 27 27 34
Debt-free Net Working Capital (DFNWC)		 24 26 31 25 28 19 15 24 30 27 37
Net Working Capital (NWC)		 24 26 31 25 28 19 15 24 28 27 34
Net Nonoperating Expense (NNE)		 3.33 -0.09 -4.64 1.06 -0.32 -0.24 -0.10 -0.10 -0.22 0.64 0.09
Net Nonoperating Obligations (NNO)		 -16 -19 -25 -20 -22 -13 -8.27 -17 16 27 21
Total Depreciation and Amortization (D&A)		 0.57 0.49 0.45 0.44 0.45 0.43 0.43 0.37 0.70 2.10 3.77
Debt-free, Cash-free Net Working Capital to Revenue		 36.74% 25.13% 36.57% 35.56% 30.29% -19.97% 30.17% 25.28% 78.08% 56.95% 40.11%
Debt-free Net Working Capital to Revenue		 117.88% 92.23% 183.60% 182.78% 157.85% 90.17% 66.04% 87.46% 86.98% 58.10% 43.31%
Net Working Capital to Revenue		 117.88% 92.23% 183.60% 182.78% 157.85% 90.17% 66.04% 87.46% 81.23% 58.10% 40.41%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.35) $0.12 $0.27 ($0.22) $0.11 $0.19 $0.29 $0.32 $0.35 $0.40 $0.89
Adjusted Weighted Average Basic Shares Outstanding		 16.92M 16.93M 16.74M 16.81M 16.87M 16.94M 17.23M 17.26M 17.41M 17.46M 17.57M
Adjusted Diluted Earnings per Share		 ($0.35) $0.12 $0.27 ($0.22) $0.11 $0.19 $0.29 $0.32 $0.35 $0.40 $0.88
Adjusted Weighted Average Diluted Shares Outstanding		 16.92M 17.04M 16.86M 16.81M 16.94M 17.11M 17.23M 17.26M 17.42M 17.48M 17.83M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 16.91M 16.72M 16.78M 16.84M 16.91M 17.21M 17.25M 17.32M 0.00 17.54M 17.75M
Normalized Net Operating Profit after Tax (NOPAT)		 -2.53 1.90 -0.07 -2.60 1.53 1.92 2.73 5.43 5.81 7.64 16
Normalized NOPAT Margin		 -12.63% 6.79% -0.44% -18.76% 8.69% 8.90% 11.85% 19.57% 16.69% 16.18% 18.65%
Pre Tax Income Margin		 -17.75% 9.14% 28.69% -25.92% 10.54% 13.71% 17.26% 26.47% 21.94% 18.75% 23.67%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 19.10 10.31 12.55
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 14.77 8.15 9.11
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18.34 11.98 8.78
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 14.01 9.82 5.34
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 605.18% 390.69% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -4.33% 36.48% 0.00% 0.00% 0.00% 605.18% 390.69% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Innovative Solutions and Support

This table displays calculated financial ratios and metrics derived from Innovative Solutions and Support's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 17,446,990.00 17,446,990.00 17,459,983.00 17,493,705.00 - - 17,545,314.00 17,604,155.00 17,628,163.00 17,752,354.00 17,778,343.00
DEI Adjusted Shares Outstanding		 17,446,990.00 17,446,990.00 17,459,983.00 17,493,705.00 - - 17,545,314.00 17,604,155.00 17,628,163.00 17,752,354.00 17,778,343.00
DEI Earnings Per Adjusted Shares Outstanding		 0.15 0.06 0.07 0.09 - - 0.30 0.14 0.40 0.23 0.19
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 78.88% 42.84% 46.31% 47.82% 18.41% 71.56% 104.26% 105.21% 44.60% 36.56% 1.95%
EBITDA Growth		 71.05% 128.39% 35.64% 59.81% 20.88% 32.61% 265.70% 62.89% 115.78% 174.27% -23.16%
EBIT Growth		 58.75% 101.67% 15.09% 29.94% 17.34% -17.70% 318.34% 71.43% 127.78% 373.02% -29.22%
NOPAT Growth		 83.66% 111.38% 12.80% 39.87% 18.94% -15.03% 336.30% 64.34% 84.67% 305.86% -32.25%
Net Income Growth		 64.46% 51.34% -4.94% 9.07% 20.71% -30.37% 341.63% 57.41% 123.61% 451.36% -35.65%
EPS Growth		 77.78% 50.00% 0.00% 12.50% 12.50% -33.33% 328.57% 55.56% 122.22% 450.00% -36.67%
Operating Cash Flow Growth		 455.37% 132.07% -49.16% 173.31% -61.55% -56.32% 540.42% 671.57% 566.27% 343.11% 77.91%
Free Cash Flow Firm Growth		 -983.66% -1,001.59% -1,491.63% 106.29% 59.45% 37.56% 36.88% -1,119.34% 64.05% 73.61% -62.66%
Invested Capital Growth		 307.72% 295.69% 258.42% -1.30% 34.68% 47.23% 54.90% 51.27% 16.08% 13.99% 50.92%
Revenue Q/Q Growth		 63.24% -28.36% 15.38% 9.55% 30.76% 3.80% 37.37% 10.07% -7.86% -1.98% 2.56%
EBITDA Q/Q Growth		 146.91% -50.28% 1.95% 27.68% 86.76% -45.45% 181.16% -43.13% 147.39% -30.67% -21.23%
EBIT Q/Q Growth		 132.77% -55.54% 2.24% 22.79% 110.20% -68.81% 419.73% -49.68% 179.29% -35.24% -22.23%
NOPAT Q/Q Growth		 138.16% -55.84% 2.47% 29.80% 102.53% -68.45% 426.12% -51.11% 127.58% -30.67% -12.17%
Net Income Q/Q Growth		 85.10% -59.87% 14.28% 28.49% 104.84% -76.85% 624.86% -54.20% 190.99% -42.92% -15.40%
EPS Q/Q Growth		 100.00% -62.50% 16.67% 28.57% 100.00% -77.78% 650.00% -53.33% 185.71% -45.00% -13.64%
Operating Cash Flow Q/Q Growth		 190.90% 263.97% -95.23% 364.46% -52.32% 313.50% -30.06% 459.58% -58.83% 175.00% -71.92%
Free Cash Flow Firm Q/Q Growth		 -2.55% 6.58% 0.93% 106.62% -761.61% -43.84% -0.15% -6.95% 76.66% -5.59% -517.27%
Invested Capital Q/Q Growth		 3.44% -9.08% 2.80% 2.09% 41.14% -0.60% 8.16% -0.30% 8.31% -2.39% 43.20%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 62.44% 59.34% 51.98% 53.37% 55.43% 41.40% 51.36% 35.54% 63.16% 54.50% 51.13%
EBITDA Margin		 31.64% 21.96% 19.41% 22.62% 32.30% 16.98% 34.75% 17.95% 48.20% 34.10% 26.19%
Operating Margin		 28.11% 17.35% 15.30% 17.31% 28.38% 8.42% 31.84% 14.56% 36.99% 28.85% 22.10%
EBIT Margin		 28.27% 17.54% 15.55% 17.42% 28.01% 8.42% 31.84% 14.56% 44.12% 29.15% 22.10%
Profit (Net Income) Margin		 20.28% 11.36% 11.25% 13.20% 20.67% 4.61% 24.33% 10.12% 31.97% 18.61% 15.35%
Tax Burden Percent		 78.30% 78.19% 78.76% 82.45% 77.91% 79.85% 80.83% 78.54% 76.33% 69.21% 77.37%
Interest Burden Percent		 91.62% 82.82% 91.90% 91.86% 94.73% 68.60% 94.52% 88.54% 94.92% 92.26% 89.78%
Effective Tax Rate		 21.70% 21.81% 21.24% 17.55% 22.09% 20.15% 19.17% 21.46% 23.67% 30.79% 22.63%
Return on Invested Capital (ROIC)		 22.36% 16.27% 15.02% 12.10% 16.16% 5.85% 25.54% 13.42% 29.72% 22.83% 15.49%
ROIC Less NNEP Spread (ROIC-NNEP)		 75.52% 20.69% 16.78% 11.15% 15.15% 3.98% 23.83% 11.44% 33.11% 21.40% 14.44%
Return on Net Nonoperating Assets (RNNOA)		 -0.92% -2.67% -2.16% 3.78% 7.80% 1.64% 9.10% 3.66% 14.57% 7.56% 8.54%
Return on Equity (ROE)		 21.44% 13.60% 12.86% 15.88% 23.96% 7.49% 34.64% 17.08% 44.29% 30.39% 24.04%
Cash Return on Invested Capital (CROIC)		 -104.26% -98.63% -92.60% 14.73% -17.73% -26.17% -25.08% -21.29% 4.75% 11.08% -23.35%
Operating Return on Assets (OROA)		 20.15% 14.39% 13.31% 12.78% 18.19% 6.62% 28.08% 14.87% 40.05% 27.48% 17.55%
Return on Assets (ROA)		 14.45% 9.32% 9.64% 9.68% 13.43% 3.63% 21.46% 10.34% 29.01% 17.55% 12.19%
Return on Common Equity (ROCE)		 21.44% 13.60% 12.86% 15.88% 23.96% 7.49% 34.64% 17.08% 44.29% 30.39% 24.04%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 16.01% 15.28% 0.00% 0.00% 13.98% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 2.86 1.26 1.29 1.68 3.40 1.07 5.65 2.76 6.28 4.36 3.82
NOPAT Margin		 22.01% 13.57% 12.05% 14.28% 22.11% 6.72% 25.74% 11.43% 28.24% 19.97% 17.10%
Net Nonoperating Expense Percent (NNEP)		 -53.16% -4.42% -1.76% 0.95% 1.01% 1.87% 1.71% 1.98% -3.39% 1.44% 1.05%
Return On Investment Capital (ROIC_SIMPLE)		 4.92% 2.50% 2.49% 3.17% 4.56% 1.44% 6.98% 3.45% 7.08% 4.72% 3.01%
Cost of Revenue to Revenue		 37.56% 40.66% 48.02% 46.63% 44.57% 58.60% 48.64% 64.46% 36.84% 45.50% 48.87%
SG&A Expenses to Revenue		 28.62% 32.30% 27.08% 26.72% 19.86% 26.04% 15.57% 17.19% 21.23% 19.55% 21.02%
R&D to Revenue		 5.71% 9.68% 9.60% 9.34% 7.19% 6.94% 3.95% 3.80% 4.95% 6.09% 8.00%
Operating Expenses to Revenue		 34.33% 41.98% 36.68% 36.06% 27.05% 32.98% 19.52% 20.99% 26.17% 25.64% 29.03%
Earnings before Interest and Taxes (EBIT)		 3.67 1.63 1.67 2.05 4.31 1.34 6.98 3.51 9.82 6.36 4.94
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 4.11 2.04 2.08 2.66 4.97 2.71 7.62 4.33 11 7.44 5.86
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.43 3.73 3.09 2.43 2.45 3.13 2.06 4.30 3.41 4.89 5.06
Price to Tangible Book Value (P/TBV)		 7.02 7.29 5.76 4.56 7.92 9.35 4.99 9.42 6.42 8.60 38.85
Price to Revenue (P/Rev)		 3.81 3.96 3.12 2.34 2.42 2.78 1.70 3.16 2.61 3.73 4.03
Price to Earnings (P/E)		 22.00 23.30 20.21 16.27 16.30 22.43 10.21 20.89 14.09 17.74 21.41
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 4.55% 4.29% 4.95% 6.15% 6.13% 4.46% 9.79% 4.79% 7.10% 5.64% 4.67%
Enterprise Value to Invested Capital (EV/IC)		 2.71 3.18 2.68 2.18 1.91 2.38 1.71 3.36 2.81 4.18 3.44
Enterprise Value to Revenue (EV/Rev)		 4.28 4.23 3.36 2.55 3.00 3.26 2.10 3.45 2.87 3.90 4.56
Enterprise Value to EBITDA (EV/EBITDA)		 18.15 16.99 13.92 10.49 12.04 14.14 7.60 13.60 9.50 11.66 14.55
Enterprise Value to EBIT (EV/EBIT)		 19.84 19.08 16.12 12.67 14.65 18.74 9.30 16.53 11.16 13.18 16.77
Enterprise Value to NOPAT (EV/NOPAT)		 25.65 24.52 20.81 16.10 18.54 23.59 11.57 20.73 15.37 18.45 23.97
Enterprise Value to Operating Cash Flow (EV/OCF)		 71.08 35.36 32.06 17.56 24.43 51.34 30.28 24.76 18.16 17.91 20.03
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 14.67 0.00 0.00 0.00 0.00 63.57 40.23 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.50 0.27 0.26 0.23 0.60 0.56 0.51 0.41 0.37 0.34 0.76
Long-Term Debt to Equity		 0.45 0.00 0.00 0.00 0.60 0.56 0.51 0.41 0.34 0.31 0.68
Financial Leverage		 -0.01 -0.13 -0.13 0.34 0.51 0.41 0.38 0.32 0.44 0.35 0.59
Leverage Ratio		 1.41 1.27 1.27 1.55 1.70 1.56 1.55 1.52 1.67 1.64 1.82
Compound Leverage Factor		 1.29 1.05 1.17 1.42 1.61 1.07 1.47 1.34 1.58 1.51 1.63
Debt to Total Capital		 33.54% 21.01% 20.46% 18.59% 37.54% 35.69% 33.86% 29.06% 27.20% 25.50% 43.23%
Short-Term Debt to Total Capital		 3.44% 21.01% 20.46% 18.59% 0.00% 0.00% 0.00% 0.00% 2.75% 2.64% 4.44%
Long-Term Debt to Total Capital		 30.10% 0.00% 0.00% 0.00% 37.54% 35.69% 33.86% 29.06% 24.45% 22.86% 38.79%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 66.46% 78.99% 79.54% 81.41% 62.46% 64.31% 66.14% 70.94% 72.80% 74.50% 56.77%
Debt to EBITDA		 2.38 1.13 1.07 0.90 2.38 2.13 1.53 1.18 0.95 0.78 1.93
Net Debt to EBITDA		 2.00 1.08 1.02 0.86 2.34 2.09 1.46 1.15 0.84 0.51 1.70
Long-Term Debt to EBITDA		 2.13 0.00 0.00 0.00 2.38 2.13 1.53 1.18 0.85 0.70 1.74
Debt to NOPAT		 3.36 1.64 1.61 1.39 3.67 3.56 2.32 1.81 1.54 1.24 3.19
Net Debt to NOPAT		 2.82 1.57 1.52 1.32 3.60 3.48 2.22 1.76 1.36 0.80 2.79
Long-Term Debt to NOPAT		 3.01 0.00 0.00 0.00 3.67 3.56 2.32 1.81 1.38 1.11 2.86
Altman Z-Score		 4.68 6.84 5.90 5.08 3.28 4.04 3.53 5.86 5.32 6.74 4.76
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 5.42 1.75 1.55 1.63 4.77 5.22 4.87 3.53 3.04 2.96 3.23
Quick Ratio		 2.01 0.39 0.42 0.49 1.81 1.28 1.77 1.08 0.94 1.16 1.21
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -39 -36 -36 2.37 -16 -23 -23 -24 -5.64 -5.95 -37
Operating Cash Flow to CapEx		 868.98% 0.00% 159.95% 459.49% 305.31% 704.56% 82.79% 195.42% 294.60% 735.17% 141.05%
Free Cash Flow to Firm to Interest Expense		 -98.35 -100.37 -208.78 13.72 -67.31 -52.82 -58.34 -59.31 -11.21 -12.00 -72.23
Operating Cash Flow to Interest Expense		 2.95 11.71 1.17 5.41 1.91 4.31 3.33 17.69 5.90 16.45 4.50
Operating Cash Flow Less CapEx to Interest Expense		 2.61 17.38 0.44 4.23 1.29 3.70 -0.69 8.64 3.89 14.21 1.31
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.71 0.82 0.86 0.73 0.65 0.79 0.88 1.02 0.91 0.94 0.79
Accounts Receivable Turnover		 4.96 8.45 8.18 6.75 4.22 8.10 6.54 8.21 6.59 8.11 6.71
Inventory Turnover		 1.15 1.18 1.56 1.20 1.15 1.34 1.65 2.07 1.86 1.73 1.74
Fixed Asset Turnover		 4.91 5.31 4.40 4.14 4.44 5.04 4.79 5.21 5.24 5.47 5.11
Accounts Payable Turnover		 13.19 12.14 8.22 9.39 11.65 15.70 8.80 10.04 14.86 9.45 9.70
Days Sales Outstanding (DSO)		 73.62 43.20 44.64 54.07 86.44 45.07 55.78 44.46 55.36 44.98 54.43
Days Inventory Outstanding (DIO)		 318.53 309.35 233.35 304.53 316.41 272.26 220.90 176.43 196.14 210.40 210.07
Days Payable Outstanding (DPO)		 27.67 30.08 44.39 38.86 31.32 23.25 41.48 36.34 24.57 38.62 37.63
Cash Conversion Cycle (CCC)		 364.48 322.47 233.60 319.73 371.53 294.07 235.20 184.55 226.93 216.77 226.88
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 55 50 51 53 74 74 80 79 86 84 120
Invested Capital Turnover		 1.02 1.20 1.25 0.85 0.73 0.87 0.99 1.17 1.05 1.14 0.91
Increase / (Decrease) in Invested Capital		 42 37 37 -0.69 19 24 28 27 12 10 41
Enterprise Value (EV)		 149 159 138 114 142 176 137 267 242 351 413
Market Capitalization		 133 149 128 105 114 150 110 244 220 336 365
Book Value per Share		 $2.21 $2.29 $2.37 $2.47 $2.67 $2.72 $3.05 $3.23 $3.66 $3.87 $4.06
Tangible Book Value per Share		 $1.08 $1.17 $1.27 $1.32 $0.82 $0.91 $1.26 $1.47 $1.95 $2.20 $0.53
Total Capital		 58 51 52 53 75 74 81 80 89 92 127
Total Debt		 20 11 11 9.86 28 27 27 23 24 24 55
Total Long-Term Debt		 18 0.00 0.00 0.00 28 27 27 23 22 21 49
Net Debt		 16 10 10 9.34 27 26 26 23 21 15 48
Capital Expenditures (CapEx)		 0.13 -2.04 0.13 0.20 0.15 0.26 1.56 3.69 1.01 1.11 1.62
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 27 22 19 20 27 27 32 28 34 33 36
Debt-free Net Working Capital (DFNWC)		 30 22 19 20 27 28 33 29 37 41 42
Net Working Capital (NWC)		 28 12 8.67 10 27 28 33 29 34 39 37
Net Nonoperating Expense (NNE)		 0.23 0.21 0.09 0.13 0.22 0.34 0.31 0.32 -0.83 0.30 0.39
Net Nonoperating Obligations (NNO)		 16 10 10 9.34 27 26 26 23 21 15 48
Total Depreciation and Amortization (D&A)		 0.44 0.41 0.41 0.61 0.66 1.37 0.64 0.82 0.91 1.08 0.91
Debt-free, Cash-free Net Working Capital to Revenue		 78.08% 57.71% 45.71% 43.65% 56.95% 50.01% 48.76% 36.07% 40.11% 36.40% 39.33%
Debt-free Net Working Capital to Revenue		 86.98% 58.96% 47.11% 44.81% 58.10% 51.13% 50.64% 36.85% 43.31% 45.60% 46.80%
Net Working Capital to Revenue		 81.23% 30.74% 21.15% 22.81% 58.10% 51.13% 50.64% 36.85% 40.41% 42.89% 40.57%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.16 $0.06 $0.07 $0.09 $0.18 $0.04 $0.30 $0.14 $0.41 $0.23 $0.19
Adjusted Weighted Average Basic Shares Outstanding		 17.41M 17.45M 17.46M 17.46M 17.46M 17.51M 17.55M 17.60M 17.57M 17.69M 17.80M
Adjusted Diluted Earnings per Share		 $0.16 $0.06 $0.07 $0.09 $0.18 $0.04 $0.30 $0.14 $0.40 $0.22 $0.19
Adjusted Weighted Average Diluted Shares Outstanding		 17.42M 17.47M 17.49M 17.47M 17.48M 17.58M 17.64M 17.84M 17.83M 18.06M 18.30M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 17.46M 17.49M 17.50M 17.54M 17.55M 17.60M 17.63M 17.75M 17.78M 17.89M
Normalized Net Operating Profit after Tax (NOPAT)		 2.86 1.26 1.29 1.68 3.40 1.07 5.65 2.76 6.28 4.36 3.82
Normalized NOPAT Margin		 22.01% 13.57% 12.05% 14.28% 22.11% 6.72% 25.74% 11.43% 28.24% 19.97% 17.10%
Pre Tax Income Margin		 25.90% 14.53% 14.29% 16.00% 26.53% 5.77% 30.09% 12.89% 41.88% 26.89% 19.84%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 9.34 4.54 9.74 11.86 18.49 3.15 18.03 8.63 19.50 12.81 9.71
NOPAT to Interest Expense		 7.27 3.51 7.55 9.72 14.60 2.51 14.58 6.77 12.48 8.78 7.52
EBIT Less CapEx to Interest Expense		 9.00 10.21 9.00 10.69 17.86 2.53 14.02 -0.43 17.50 10.58 6.52
NOPAT Less CapEx to Interest Expense		 6.93 9.18 6.81 8.54 13.97 1.90 10.56 -2.28 10.48 6.54 4.32
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Innovative Solutions & Support (NASDAQ: ISSC) showed a mix of strong profitability and some balance sheet leverage in Q2 2026, with results that were generally better than the prior quarter but softer than the company’s stronger periods in 2025.

Revenue increased modestly quarter over quarter to $22.4 million in Q2 2026 from $21.8 million in Q1 2026, but the more important change was on profitability. Gross profit slipped slightly, yet operating income improved to $4.9 million from $6.3 million in Q1 because revenue growth was not enough to offset a higher cost structure. Net income came in at $3.4 million, down from $4.1 million in Q1, but still solidly profitable.

On cash flow, the company generated $2.3 million from operating activities in Q2 2026. That is a meaningful improvement from Q1 2026’s $8.2 million, but it was still enough to keep the business cash-generative at the operating level. However, cash fell by $1.5 million during the quarter because investing outflows were large and financing cash flow was also negative after debt repayment and other financing items.

The balance sheet is the main area investors should watch. ISSC ended Q2 2026 with $138.3 million in assets, $66.2 million in liabilities, and $72.1 million in equity. Cash was only $6.8 million, while total debt stood at about $54.9 million combining short-term and long-term borrowings. That means the company remains leveraged, even though equity is comfortably positive.

  • Revenue growth continued in Q2 2026, with sales rising to $22.4 million from $21.8 million in Q1 2026.
  • The company remained profitable, posting $3.4 million in net income and $0.19 in diluted EPS.
  • Operating cash flow stayed positive at $2.3 million, showing the core business is still producing cash.
  • Gross profit remained strong at $11.4 million, indicating healthy underlying margins.
  • Retained earnings increased to $35.8 million, reflecting ongoing cumulative profitability.
  • Inventory remains elevated at $28.1 million, which supports future deliveries but also ties up working capital.
  • Receivables were also sizable at $13.2 million, so collections will matter for cash conversion.
  • R&D spending remains meaningful at $1.8 million, suggesting continued investment in product development.
  • Cash declined during the quarter despite positive operating cash flow, due to heavier investing and financing outflows.
  • Debt is still elevated, with about $54.9 million of total borrowings versus only $6.8 million of cash.

Looking at the broader trend over the last several years, ISSC has improved from the much smaller revenue base of early 2024, and earnings have generally moved higher as sales expanded. The company also benefited from acquisitions and asset growth, but that came with higher goodwill, intangibles, and debt. In short, ISSC looks like a business with decent operating momentum and solid profitability, but investors should keep an eye on leverage, working capital needs, and whether cash generation can keep pace with debt obligations.

07/14/26 09:39 PM ETAI Generated. May Contain Errors.

Innovative Solutions and Support Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Innovative Solutions and Support's financial year ends in September. Their financial year 2025 ended on September 30, 2025.

Innovative Solutions and Support's net income appears to be on an upward trend, with a most recent value of $15.63 million in 2025, falling from -$5.87 million in 2015. The previous period was $7.00 million in 2024. View Innovative Solutions and Support's forecast to see where analysts expect Innovative Solutions and Support to go next.

Innovative Solutions and Support's total operating income in 2025 was $20.07 million, based on the following breakdown:
  • Total Gross Profit: $40.51 million
  • Total Operating Expenses: $20.44 million

Over the last 10 years, Innovative Solutions and Support's total revenue changed from $20.07 million in 2015 to $84.30 million in 2025, a change of 320.1%.

Innovative Solutions and Support's total liabilities were at $38.76 million at the end of 2025, a 8.4% increase from 2024, and a 713.5% increase since 2015.

In the past 10 years, Innovative Solutions and Support's cash and equivalents has ranged from $538.98 thousand in 2024 to $24.68 million in 2017, and is currently $2.69 million as of their latest financial filing in 2025.

Over the last 10 years, Innovative Solutions and Support's book value per share changed from 1.86 in 2015 to 3.66 in 2025, a change of 97.5%.


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Financial statements for NASDAQ:ISSC last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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