Financials · IA

Innovative Solutions and Support Inc. (IA) financials

For the twelve months ended Jun 30, 2026, Innovative Solutions and Support Inc. reported $93.15M of revenue and $19.09M of net income.

Revenue, TTM
$93.15M
Revenue growth, YoY
+20.3%
Net income, TTM
$19.09M
Net income growth, YoY
+63.2%
Net margin
20.5%
Free cash flow, TTM
$14.29M
EPS, diluted, TTM
$1.06
EPS growth, YoY
+60.6%
Cash
$10.69M
Total debt
$54.31M
P/E
18.23
P/S
3.74
Market cap
$348.1M
Annual revenue$84.30M
FY2016FY2025
Annual net income$15.63M
FY2016FY2025
Annual free cash flow$6.79M
FY2016FY2025

IA revenue and earnings growth

IA revenueQ3 2026$26.73M

Quarter YoY
+10.7%
QoQ
+19.5%
FY YoY
+78.6%
5Y CAGR
+31.3%
10Y CAGR
+15.4%

IA revenue was $26.73M in fiscal Q3 2026 (ended Jun 30, 2026), up 10.7% from a year earlier and up 19.5% from the prior quarter. For the full fiscal 2025 it was $84.30M, up 78.6% from fiscal 2024. Compound annual growth was +31.3% over 5 years and +15.4% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

IA net incomeQ3 2026$4.49M

Quarter YoY
+83.7%
QoQ
+30.7%
FY YoY
+123.3%
5Y CAGR
+25.3%

IA net income was $4.49M in fiscal Q3 2026 (ended Jun 30, 2026), up 83.7% from a year earlier and up 30.7% from the prior quarter. For the full fiscal 2025 it was $15.63M, up 123.3% from fiscal 2024. Compound annual growth was +25.3% over 5 years. It rose in 5 of the last 6 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

IA EPSQ3 2026$0.25

Quarter YoY
+78.6%
QoQ
+31.6%
FY YoY
+120.0%
5Y CAGR
+35.9%

IA diluted EPS was $0.25 in fiscal Q3 2026 (ended Jun 30, 2026), up 78.6% from a year earlier and up 31.6% from the prior quarter. For the full fiscal 2025 it was $0.88, up 120.0% from fiscal 2024. Compound annual growth was +35.9% over 5 years.

IA free cash flowQ3 2026$4.61M

Quarter YoY
+31.1%
QoQ
+592.0%
FY YoY
+32.2%
5Y CAGR
+9.8%
10Y CAGR
+18.8%

IA free cash flow was $4.61M in fiscal Q3 2026 (ended Jun 30, 2026), up 31.1% from a year earlier and up 592.0% from the prior quarter. For the full fiscal 2025 it was $6.79M, up 32.2% from fiscal 2024. Compound annual growth was +9.8% over 5 years and +18.8% over 10 years. It rose in 4 of the last 6 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

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Income statement

Income statement
Line item
Sep 30, 2025
Sep 30, 2024
Sep 30, 2023
Sep 30, 2022
Sep 30, 2021
Sep 30, 2020
Sep 30, 2019
Sep 30, 2018
Sep 30, 2017
Sep 30, 2016
Revenue$84.30M$47.20M$34.81M$27.74M$23.04M$21.60M$17.57M$13.85M$16.79M$27.97M
Cost of revenue$43.79M$21.28M$13.50M$11.07M$10.26M$9.79M$7.68M$7.31M$8.67M$11.48M
Gross profit$40.51M$25.91M$21.31M$16.67M$12.78M$11.80M$9.90M$6.54M$8.12M$16.49M
Research and development$3.99M$4.14M$3.13M$2.71M$2.62M$2.96M$2.49M$3.58M$4.46M$4.87M
Selling, general and admin$16.45M$12.11M$10.82M$6.75M$6.26M$6.10M$5.88M$6.67M$3.74M$9.17M
Operating income$20.07M$9.66M$7.36M$7.22M$3.90M$2.75M$1.53M-$3.71M-$77.6K$2.44M
Interest expense$1.73M$937.3K$393.3K-------
Pre-tax income$19.95M$8.85M$7.64M$7.34M$3.98M$2.96M$1.85M-$3.59M$4.82M$2.56M
Income tax$4.32M$1.85M$1.61M$1.82M-$1.09M-$1.09M$1.8K$63.7K$247.9K$568.3K
Net income$15.63M$7.00M$6.03M$5.52M$5.06M$5.06M$1.85M-$3.65M$4.57M$1.99M
EPS, basic$0.89$0.40$0.35$0.32$0.29$0.19$0.11-$0.22$0.27$0.12
EPS, diluted$0.88$0.40$0.35$0.32$0.29$0.19$0.11-$0.22$0.27$0.12
Diluted shares17.8M17.5M17.4M17.3M17.2M17.1M16.9M16.8M16.9M17.0M

Balance sheet

Balance sheet
Line item
Sep 30, 2025
Sep 30, 2024
Sep 30, 2023
Sep 30, 2022
Sep 30, 2021
Sep 30, 2020
Sep 30, 2019
Sep 30, 2018
Sep 30, 2017
Sep 30, 2016
Cash and equivalents$2.69M$539.0K$3.10M$17.25M$8.27M$8.27M$23.78M$20.39M$24.68M$18.77M
Receivables$12.96M$12.61M$9.74M$4.30M$4.05M$4.37M$2.35M$3.45M$2.75M$4.51M
Inventory$25.80M$12.73M$6.14M$5.35M$4.55M$4.29M$4.47M$4.28M$4.18M$3.65M
Current assets$50.73M$34.69M$34.67M$28.20M$17.69M$33.12M$29.96M$28.66M$34.18M$29.37M
Goodwill$6.70M$5.21M$3.56M-------
Total assets$103.36M$82.38M$62.96M$34.71M$27.09M$41.55M$38.56M$37.63M$41.04M$36.49M
Current liabilities$16.66M$7.27M$6.40M$3.94M$2.47M$13.65M$2.22M$3.35M$3.36M$3.57M
Short-term debt$2.44M-$2.00M-------
Long-term debt$21.70M$28.03M$17.50M-------
Total debt$24.14M$28.03M$19.50M-------
Total liabilities$38.76M$35.74M$24.32M$3.96M$2.50M$13.78M$2.35M$3.48M$3.43M$3.64M
Shareholders' equity$64.60M$46.64M$38.64M$30.75M$24.59M$27.77M$36.21M$34.15M$37.61M$32.85M

Cash flow

Cash flow
Line item
Sep 30, 2025
Sep 30, 2024
Sep 30, 2023
Sep 30, 2022
Sep 30, 2021
Sep 30, 2020
Sep 30, 2019
Sep 30, 2018
Sep 30, 2017
Sep 30, 2016
Operating cash flow$13.30M$5.80M$2.10M$6.09M$4.59M$4.59M$2.11M-$1.74M$6.07M$3.56M
Capital expenditures$6.51M$657.8K$298.4K$161.2K$340.7K$340.7K$81.3K$2.55M$153.0K$352.8K
Free cash flow$6.79M$5.14M$1.80M$5.93M$4.25M$4.25M$2.03M-$4.29M$5.91M$3.21M
Investing cash flow-$6.51M-$16.88M-$36.16M$2.59M-$340.7K-$340.7K-$81.3K-$2.55M-$153.0K-$351.7K
Financing cash flow-$4.64M$8.53M$19.91M$301.2K-$19.77M-$19.77M----$724.8K
Dividends paid----$19.79M$19.79M----
Share repurchases---------$724.8K
Stock-based compensation$2.34M$1.00M$1.45M-------
Depreciation and amortization$3.73M$2.10M$697.9K$368.5K$416.6K$432.2K$451.3K$436.2K$449.2K$493.4K

Key ratios

Key ratios
Line item
Sep 30, 2025
Sep 30, 2024
Sep 30, 2023
Sep 30, 2022
Sep 30, 2021
Sep 30, 2020
Sep 30, 2019
Sep 30, 2018
Sep 30, 2017
Sep 30, 2016
Revenue growth, YoY78.6%35.6%25.5%20.4%6.7%22.9%26.9%-17.5%-40.0%39.4%
Net income growth, YoY123.3%16.1%9.1%9.1%0.0%173.7%--129.9%-
EPS growth, YoY120.0%14.3%9.4%10.3%52.6%72.7%--125.0%-
Gross margin48.1%54.9%61.2%60.1%55.5%54.7%56.3%47.2%48.4%58.9%
Operating margin23.8%20.5%21.1%26.0%16.9%12.7%8.7%-26.8%-0.5%8.7%
Net margin18.5%14.8%17.3%19.9%22.0%23.5%10.5%-26.4%27.2%7.1%
Free cash flow margin8.1%10.9%5.2%21.4%18.5%19.7%11.5%-31.0%35.2%11.5%
Return on equity24.2%15.0%15.6%18.0%20.6%18.2%5.1%-10.7%12.1%6.0%
Return on assets15.1%8.5%9.6%15.9%18.7%12.2%4.8%-9.7%11.1%5.4%
Current ratio3.044.775.427.167.162.4313.508.5610.178.22
Debt to equity0.370.600.50-------

Source: XBRL data Innovative Solutions and Support Inc. files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

IA peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
IA$93.15M+20.3%$19.09M20.5%$348.1M
ADP$22.26B+6.5%$4.53B20.3%$119.75B
INFY$20.16B+4.6%$3.31B16.4%$50.70B
WDAY$10.15B+13.3%$1.25B12.3%$46.49B
ZS$3.35B+25.4%-$63.18M-1.9%$32.23B
CTSH$21.89B+5.0%$2.57B11.8%$28.93B
VRSN$1.73B+6.5%$849.80M49.1%$27.69B
VRSK$3.18B+4.9%$879.20M27.7%$26.63B
IOT$1.85B+29.5%$90.55M4.9%$24.00B

IA FAQ

9 questions
  • What is IA revenue?
    Innovative Solutions and Support Inc. (IA) reported $93.15M of revenue for the twelve months ended Jun 30, 2026. That is up 20.3% from the year before. Revenue for fiscal 2025 was $84.30M.
  • Is IA profitable?
    Yes. Innovative Solutions and Support Inc. earned $19.09M in net income for the twelve months ended Jun 30, 2026, a net margin of 20.5%.
  • How much cash and debt does IA have?
    Innovative Solutions and Support Inc. reported $10.69M in cash and cash equivalents and $54.31M of debt on its most recent balance sheet in SEC filings.
  • How fast is IA revenue growing?
    Innovative Solutions and Support Inc.'s revenue changed +78.6% in fiscal 2025, to $84.30M. Its compound annual growth rate was +31.3% over 5 years and +15.4% over 10 years.
  • What is IA gross margin?
    Innovative Solutions and Support Inc.'s gross profit was $51.18M on $93.15M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 54.9%.
  • What is IA free cash flow?
    Innovative Solutions and Support Inc. generated $14.29M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of $18.51M less capital expenditures.
  • What is IA earnings per share?
    Diluted earnings per share were $1.06 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did IA last report financial results?
    The latest statements here come from Innovative Solutions and Support Inc.'s 10-Q filed on Aug 13, 2026, covering the period ended Jun 30, 2026.
  • Where does this IA financial data come from?
    Quantisnow builds these statements from the structured XBRL data Innovative Solutions and Support Inc. files with the SEC. It is provided for information only and is not investment advice.