Innovative Solutions & Support Inc income statement
In fiscal 2025, Innovative Solutions & Support Inc reported revenue of $84.3m, up 78.6% on the year before, operating income of $20.1m (a 23.8% margin) and net income of $15.6m, or $0.88 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Sept 2009 | 2010Sept 2010 | 2011Sept 2011 | 2012Sept 2012 | 2013Sept 2013 | 2014Sept 2014 | 2015Sept 2015 | 2016Sept 2016 | 2017Sept 2017 | 2018Sept 2018 | 2019Sept 2019 | 2020Sept 2020 | 2021Sept 2021 | 2022Sept 2022 | 2023Sept 2023 | 2024Sept 2024 | 2025Sept 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 37 | 25 | 26 | 25 | 32 | 44 | 20 | 28 | 17 | 14 | 18 | 22 | 23 | 28 | 35 | 47 | 84 | 93 |
| Cost of revenue | 18 | 12 | 12 | 14 | 19 | 31 | 13 | 11 | 9 | 7 | 8 | 10 | 10 | 11 | 13 | 21 | 44 | 42 |
| Gross profit | 19 | 14 | 14 | 11 | 13 | 14 | 7 | 16 | 8 | 7 | 10 | 12 | 13 | 17 | 21 | 26 | 41 | 51 |
| Research and development | 5 | 5 | 6 | 3 | 3 | 3 | 3 | 5 | 4 | 4 | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 6 |
| Selling, general and administrative | 9 | 8 | 8 | 7 | 8 | 11 | 8 | 9 | 4 | 7 | 6 | 6 | 6 | 7 | 11 | 12 | 16 | 20 |
| Operating income | 5 | 0 | 1 | 0 | 2 | −0 | −4 | 2 | −0 | −4 | 2 | 3 | 4 | 7 | 7 | 10 | 20 | 25 |
| Interest expense | 0 | 0 | 0 | 0 | — | — | — | — | — | — | — | — | — | — | 0 | 1 | 2 | 3 |
| Income before tax | 5 | 1 | 1 | 1 | 2 | −0 | −4 | 3 | 5 | −4 | 2 | 3 | 4 | 7 | 8 | 9 | 20 | 25 |
| Income tax | 0 | −0 | 0 | −2 | 0 | −0 | 2 | 1 | 0 | 0 | 0 | −1 | −1 | 2 | 2 | 2 | 4 | 6 |
| Net income | 5 | 1 | 1 | 3 | 2 | 0 | −6 | 2 | 5 | −4 | 2 | 3 | 5 | 6 | 6 | 7 | 16 | 19 |
| Diluted EPS | $0.30 | $0.04 | $0.04 | $0.18 | $0.11 | $0.01 | −$0.35 | $0.12 | $0.27 | −$0.22 | $0.11 | $0.19 | $0.29 | $0.32 | $0.35 | $0.40 | $0.88 | $1.05 |
| Diluted shares (average) | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 18m | 18m |
| EBITDA | 6 | 1 | 1 | 1 | 2 | 0 | −3 | 3 | 0 | −3 | 2 | 3 | 4 | 8 | 8 | 12 | 24 | 28 |
| Quarter | 2024 Q4Sept 2024 | 2025 Q1Dec 2024 | 2025 Q2Mar 2025 | 2025 Q3Jun 2025 | 2025 Q4Sept 2025 | 2026 Q1Dec 2025 | 2026 Q2Mar 2026 | 2026 Q3Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15 | 16 | 22 | 24 | 22 | 22 | 22 | 27 |
| Cost of revenue | 7 | 9 | 11 | 16 | 8 | 10 | 11 | 13 |
| Gross profit | 9 | 7 | 11 | 9 | 14 | 12 | 11 | 14 |
| Research and development | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Selling, general and administrative | 3 | 4 | 3 | 4 | 5 | 4 | 5 | 6 |
| Operating income | 4 | 1 | 7 | 4 | 8 | 6 | 5 | 6 |
| Interest expense | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 |
| Income before tax | 4 | 1 | 7 | 3 | 9 | 6 | 4 | 5 |
| Income tax | 1 | 0 | 1 | 1 | 2 | 2 | 1 | 1 |
| Net income | 3 | 1 | 5 | 2 | 7 | 4 | 3 | 4 |
| Diluted EPS | $0.18 | $0.04 | $0.30 | $0.14 | $0.40 | $0.22 | $0.19 | $0.25 |
| EBITDA | 5 | 3 | 7 | 4 | 9 | 7 | 5 | 6 |
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