Updated
INNOVATIVE SOLUTIONS & SUPPORT INCIA · Industrials
$20.99-1.46%
Market cap$376M
IndustryAerospace & Defense
INNOVATIVE SOLUTIONS & SUPPORT INC (IA) Financial statements
INNOVATIVE SOLUTIONS & SUPPORT INC reported revenue of $84M in fiscal 2025, up 13.0% a year over 9 years.
Key figures
Net income was $16M and the operating margin 23.8%, against 8.7% in 2016. Free cash flow was $7M. The diluted share count rose 5% over the period (dilution).
- Revenue, FY2025
- $84M+78.6% on 2024
- Net income
- $16M+123.3% on 2024
- Operating margin
- 23.8%
- Free cash flow
- $7M+32.2% on 2024
Revenue and free cash flow
Fiscal years, from INNOVATIVE SOLUTIONS & SUPPORT INC's 10-K filings.
INNOVATIVE SOLUTIONS & SUPPORT INC revenue and free cash flow
FY2016–FY2025IARevenue$84MIAFree cash flow$7M
Margins
How much of each dollar of revenue is left after the cost of sales, after operating costs, and at the bottom line.
INNOVATIVE SOLUTIONS & SUPPORT INC margins
FY2016–FY2025IAGross margin48%IAOperating margin24%IANet margin19%
Financial statements
Fiscal 2016–2025.
INNOVATIVE SOLUTIONS & SUPPORT INC income statement, fiscal 2016–2025
| USD | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $28M | $17M | $14M | $18M | $22M | $23M | $28M | $35M | $47M | $84M |
| Cost of revenue | $11M | $9M | $7M | $8M | $10M | $10M | $11M | $13M | $21M | $44M |
| Gross profit | $16M | $8M | $7M | $10M | $12M | $13M | $17M | $21M | $26M | $41M |
| Research and development | $5M | $4M | $4M | $2M | $3M | $3M | $3M | $3M | $4M | $4M |
| Selling, general and admin | $9M | $4M | $7M | $6M | $6M | $6M | $7M | $11M | $12M | $16M |
| Operating income | $2M | -$77,565 | -$4M | $2M | $3M | $4M | $7M | $7M | $10M | $20M |
| Interest expense | — | — | — | — | — | — | — | $393,281 | $937,309 | $2M |
| Pre-tax income | $3M | $5M | -$4M | $2M | $3M | $4M | $7M | $8M | $9M | $20M |
| Income tax | $568,330 | $247,920 | $63,651 | $1,805 | -$1M | -$1M | $2M | $2M | $2M | $4M |
| Net income | $2M | $5M | -$4M | $2M | $3M | $5M | $6M | $6M | $7M | $16M |
| EPS (diluted) | $0.12 | $0.27 | -$0.22 | $0.11 | $0.19 | $0.29 | $0.32 | $0.35 | $0.40 | $0.88 |
| Diluted shares | 17M | 17M | 17M | 17M | 17M | 17M | 17M | 17M | 17M | 18M |
| Gross margin | 58.9% | 48.4% | 47.2% | 56.3% | 54.7% | 55.5% | 60.1% | 61.2% | 54.9% | 48.1% |
| Operating margin | 8.7% | -0.5% | -26.8% | 8.7% | 12.7% | 16.9% | 26.0% | 21.1% | 20.5% | 23.8% |
| Net margin | 7.1% | 27.2% | -26.4% | 10.5% | 15.1% | 22.0% | 19.9% | 17.3% | 14.8% | 18.5% |
INNOVATIVE SOLUTIONS & SUPPORT INC balance sheet, fiscal 2016–2025
| USD | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $19M | $25M | $20M | $22M | $13M | $8M | $17M | $3M | $538,977 | $3M |
| Receivables | $5M | $3M | $3M | $2M | $4M | $4M | $4M | $10M | $13M | $13M |
| Inventory | $4M | $4M | $4M | $4M | $4M | $5M | $5M | $6M | $13M | $26M |
| Total current assets | $29M | $34M | $29M | $30M | $33M | $18M | $28M | $35M | $35M | $51M |
| Property, plant and equipment | $7M | $7M | $9M | $8M | $8M | $8M | $6M | $8M | $13M | $19M |
| Goodwill | — | — | — | — | — | — | — | $4M | $5M | $7M |
| Total assets | $36M | $41M | $38M | $39M | $42M | $27M | $35M | $63M | $82M | $103M |
| Total current liabilities | $4M | $3M | $3M | $2M | $14M | $2M | $4M | $6M | $7M | $17M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $18M | $28M | $22M |
| Total liabilities | $4M | $3M | $3M | $2M | $14M | $3M | $4M | $24M | $36M | $39M |
| Shareholders' equity | $33M | $38M | $34M | $36M | $28M | $25M | $31M | $39M | $47M | $65M |
| Net debt | -$19M | -$25M | -$20M | -$22M | -$13M | -$8M | -$17M | $16M | $27M | $21M |
INNOVATIVE SOLUTIONS & SUPPORT INC cash flow, fiscal 2016–2025
| USD | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4M | $6M | -$2M | $2M | $5M | $5M | $6M | $2M | $6M | $13M |
| Capital spending | $352,762 | $153,038 | $3M | $81,281 | $340,678 | $340,678 | $161,230 | $298,373 | $657,790 | $7M |
| Free cash flow | $3M | $6M | -$4M | $2M | $4M | $4M | $6M | $2M | $5M | $7M |
| Stock-based compensation | $251,000 | $203,000 | $200,000 | $173,000 | $177,000 | $341,000 | $345,000 | $1M | $1M | $2M |
| Dividends paid | — | — | — | — | $20M | $20M | — | — | — | — |
| Share buybacks (net) | -$724,777 | — | — | — | — | — | — | — | — | — |
| Net borrowing | — | — | — | — | — | — | — | $20M | $9M | -$28M |
| Free cash flow margin | 11.5% | 35.2% | -31.0% | 11.5% | 19.7% | 18.5% | 21.4% | 5.2% | 10.9% | 8.1% |
| Dividends per share | — | — | — | — | $1.16 | $1.15 | — | — | — | — |
How INNOVATIVE SOLUTIONS & SUPPORT INC compares
INNOVATIVE SOLUTIONS & SUPPORT INC's operating margin is higher than 93% of Industrials companies and 86% of the 2,821 companies with an operating margin figure.
| Higher than | Industrials | All stocks |
|---|---|---|
| Operating margin | 93% | 86% |
| Net margin | 92% | 79% |
| Gross margin | 92% | 67% |
| Revenue growth | 77% | 74% |
| ROE | 82% | 85% |
| P/E | 31% | 52% |
Questions about INNOVATIVE SOLUTIONS & SUPPORT INC
What was INNOVATIVE SOLUTIONS & SUPPORT INC's revenue in 2025?
$84M in fiscal 2025, from its 10-K filing.
How much free cash flow does INNOVATIVE SOLUTIONS & SUPPORT INC generate?
$7M in fiscal 2025 (operating cash flow minus capital spending).
From INNOVATIVE SOLUTIONS & SUPPORT INC's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.