What is Innovative Solutions & Support's earnings per share (EPS)?

Innovative Solutions & Support (ISSC) reported diluted earnings per share of $0.88 for fiscal year 2025. This represents a 120.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Innovative Solutions & Support (ISSC) Financials

ISSC

Trailing 12 months to June 30, 2026

Revenue $93.2M +20.3% YoY

Net Income $19.1M +63.2% YoY

EPS (Diluted) $1.06 +60.6% YoY

Free Cash Flow $14.3M +178.5% YoY

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jun 30, 2026 Reported Aug 13, 2026 Currency USD FYE September

Newest figures come from the 10-Q for Q3 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ISSC SEC filings page.

Innovative Solutions & Support (ISSC) reported $93.2M in revenue over the twelve months to Jun 30, 2026, up 20.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ISSC FY2025 2026-10-03

Rapid scale has lifted operating profitability, but lower gross margins and inventory-heavy investment make cash conversion less straightforward.

Between FY2024 and FY2025, gross margin fell from 54.9% to 48.1%, yet operating profitability improved; the business is extracting more operating earnings from a less profitable gross-dollar mix. That pattern coincided with inventory reaching $25.8M and free cash flow of $6.8M in FY2025, showing growth consumed cash even as reported earnings accelerated.

FY2025 revenue was $84.3M and operating income was $20.1M, making the latest year materially more profitable in absolute terms. Operating margin reached 23.8% even as selling, general, and administrative expense rose to $16.4M, suggesting incremental scale more than offset overhead growth.

Operating cash flow reached $13.3M against net income of $15.6M, so accounting earnings mostly converted into cash. Free cash flow was $6.8M after substantial capital spending, while leverage declined; growth was investment-heavy without relying on a larger debt burden.

Financial Health Signals

Financial Health Score 77/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Innovative Solutions & Support's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Innovative Solutions & Support has an operating margin of 23.8%, meaning the company retains $24 of operating profit per $100 of revenue. This strong profitability earns a score of 91/100, reflecting efficient cost management and pricing power. This is up from 20.5% the prior year.

Growth

Innovative Solutions & Support's revenue surged 78.6% year-over-year to $84.3M, reflecting rapid business expansion. This strong growth earns a score of 96/100.

Leverage

Innovative Solutions & Support has a moderate D/E ratio of 0.34. This balance of debt and equity financing earns a leverage score of 52/100.

Liquidity

With a current ratio of 3.04, Innovative Solutions & Support holds $3.04 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 79/100.

Cash Flow

Innovative Solutions & Support has a free cash flow margin of 8.1%, earning a moderate score of 60/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Innovative Solutions & Support earns a strong 24.2% return on equity (ROE), meaning it generates $24 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 81/100. This is up from 15.0% the prior year.

Altman Z-Score Safe

9.10

Innovative Solutions & Support scores 9.10, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($443.5M) relative to total liabilities ($38.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

5/9

Innovative Solutions & Support passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

0.85x

For every $1 of reported earnings, Innovative Solutions & Support generates $0.85 in operating cash flow ($13.3M OCF vs $15.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Safe

11.63x

Innovative Solutions & Support earns $11.63 in operating income for every $1 of interest expense ($20.1M vs $1.7M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$26.7M

YoY+10.7%

QoQ+19.5%

5Y CAGR+34.0%

10Y CAGR+15.2%

Innovative Solutions & Support generated $26.7M in revenue in Q3 2026. This represents an increase of 10.7% from the same quarter a year earlier. Against the prior quarter it is up 19.5%.

EBITDA

$7.4M

YoY+70.3%

QoQ+27.2%

5Y CAGR+41.5%

10Y CAGR+35.4%

Innovative Solutions & Support's EBITDA was $7.4M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 70.3% from the same quarter a year earlier. Against the prior quarter it is up 27.2%.

Net Income

$4.5M

YoY+83.7%

QoQ+30.7%

5Y CAGR+10.8%

10Y CAGR+34.8%

Innovative Solutions & Support reported $4.5M in net income in Q3 2026. This represents an increase of 83.7% from the same quarter a year earlier. Against the prior quarter it is up 30.7%.

EPS (Diluted)

$0.25

YoY+78.6%

QoQ+31.6%

5Y CAGR+9.3%

10Y CAGR+38.0%

Innovative Solutions & Support earned $0.25 per diluted share (EPS) in Q3 2026. This represents an increase of 78.6% from the same quarter a year earlier. Against the prior quarter it is up 31.6%.

Cash & Balance Sheet

Free Cash Flow

$4.6M

YoY+31.1%

QoQ+592.0%

5Y CAGR+25.7%

10Y CAGR+25.1%

Innovative Solutions & Support generated $4.6M in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 31.1% from the same quarter a year earlier. Against the prior quarter it is up 592.0%.

Cash & Debt

$10.7M

YoY+1677.3%

QoQ+58.1%

5Y CAGR+7.4%

10Y CAGR-4.8%

Innovative Solutions & Support held $10.7M in cash against $48.7M in long-term debt as of Q3 2026.

Shares Outstanding

18M

YoY+1.5%

QoQ0.0%

5Y CAGR+0.7%

10Y CAGR+0.6%

Innovative Solutions & Support had 18M shares outstanding in Q3 2026. This represents an increase of 1.5% from the same quarter a year earlier. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Gross Margin

51.6%

YoY+16.1pp

QoQ+0.5pp

5Y change-2.6pp

10Y change-8.1pp

Innovative Solutions & Support's gross margin was 51.6% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 16.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.5 percentage points.

Operating Margin

22.6%

YoY+8.0pp

QoQ+0.5pp

5Y change+3.2pp

10Y change+19.0pp

Innovative Solutions & Support's operating margin was 22.6% in Q3 2026, reflecting core business profitability. This is up 8.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.5 percentage points.

Net Margin

16.8%

YoY+6.7pp

QoQ+1.4pp

5Y change-26.7pp

10Y change+13.3pp

Innovative Solutions & Support's net profit margin was 16.8% in Q3 2026, showing the share of revenue converted to profit. This is up 6.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.4 percentage points.

Return on Equity

5.8%

YoY+1.5pp

QoQ+1.1pp

5Y change-5.8pp

10Y change+5.1pp

Innovative Solutions & Support's ROE was 5.8% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.

Capital Allocation

R&D Spending

$1.9M

YoY+104.8%

QoQ+4.9%

5Y CAGR+23.8%

Innovative Solutions & Support invested $1.9M in research and development in Q3 2026. This represents an increase of 104.8% from the same quarter a year earlier. Against the prior quarter it is up 4.9%.

Capital Expenditures

$476K

YoY-87.1%

QoQ-70.7%

5Y CAGR+80.2%

10Y CAGR+9.7%

Innovative Solutions & Support invested $476K in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 87.1% from the same quarter a year earlier. Against the prior quarter it is down 70.7%.

Share Buybacks

Not reported for Q3 2026.

ISSC Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ISSC quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$93.2M	$84.3M+78.6%	$47.2M+35.6%	$34.8M+25.5%	$27.7M+20.4%	$23.0M+6.7%	$21.6M+22.9%	$17.6M+26.9%	$13.9M-17.5%	$16.8M-40.0%	$28.0M+39.4%	$20.1M-54.5%	$44.1M+39.7%	$31.6M+28.4%	$24.6M-4.5%	$25.7M
Cost of Revenue	$42.0M	$43.8M+105.7%	$21.3M+57.7%	$13.5M+22.0%	$11.1M+7.8%	$10.3M+4.8%	$9.8M+27.6%	$7.7M+5.0%	$7.3M-15.6%	$8.7M-24.5%	$11.5M-12.6%	$13.1M-56.9%	$30.5M+61.1%	$18.9M+34.7%	$14.1M+17.8%	$11.9M
Gross Profit	$51.2M	$40.5M+56.3%	$25.9M+21.6%	$21.3M+27.8%	$16.7M+30.5%	$12.8M+8.3%	$11.8M+19.3%	$9.9M+51.4%	$6.5M-19.5%	$8.1M-50.8%	$16.5M+137.9%	$6.9M-49.0%	$13.6M+7.6%	$12.6M+20.1%	$10.5M-23.8%	$13.8M
R&D Expenses	$6.1M	$4.0M-3.5%	$4.1M+32.2%	$3.1M+15.7%	$2.7M+3.1%	$2.6M-11.3%	$3.0M+18.7%	$2.5M-30.4%	$3.6M-19.8%	$4.5M-8.6%	$4.9M+80.1%	$2.7M+3.3%	$2.6M+1.6%	$2.6M-4.3%	$2.7M-51.0%	$5.5M
SG&A Expenses	$19.6M	$16.4M+35.8%	$12.1M+11.9%	$10.8M+60.2%	$6.8M+7.9%	$6.3M+2.6%	$6.1M+3.8%	$5.9M-11.9%	$6.7M+78.5%	$3.7M-59.2%	$9.2M+16.9%	$7.8M-29.4%	$11.1M+36.9%	$8.1M+9.7%	$7.4M-3.7%	$7.7M
Operating Income	$25.5M	$20.1M+107.8%	$9.7M+31.3%	$7.4M+2.0%	$7.2M+85.0%	$3.9M+42.1%	$2.7M+79.6%	$1.5M+141.2%	-$3.7M-4685.1%	-$78K-103.2%	$2.4M+167.5%	-$3.6M-2434.3%	-$143K-107.4%	$1.9M+362.8%	$417K-31.5%	$608K
EBITDA	N/A	$23.8M+102.4%	$11.8M+46.0%	$8.1M+6.2%	$7.6M+75.0%	$4.3M+36.4%	$3.2M+60.5%	$2.0M+160.5%	-$3.3M-981.4%	$372K-87.3%	$2.9M+196.3%	-$3.1M-803.5%	$434K-82.5%	$2.5M+161.5%	$946K-26.1%	$1.3M
Interest Expense	$2.5M	$1.7M+84.1%	$937K+138.3%	$393K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$598-60.4%	$2K
Income Tax	$5.5M	$4.3M+133.3%	$1.9M+15.3%	$1.6M-11.6%	$1.8M+267.1%	-$1.1M0.0%	-$1.1M-60365.0%	$2K-97.2%	$64K-74.3%	$248K-56.4%	$568K-75.3%	$2.3M+912.2%	-$284K-336.7%	$120K+105.0%	-$2.4M-1404.5%	$184K
Net Income	$19.1M	$15.6M+123.3%	$7.0M+16.1%	$6.0M+9.1%	$5.5M+9.1%	$5.1M+54.9%	$3.3M+76.7%	$1.9M+150.6%	-$3.7M-180.0%	$4.6M+129.9%	$2.0M+133.9%	-$5.9M-3029.1%	$200K-89.4%	$1.9M-36.7%	$3.0M+315.7%	$717K
EPS (Basic)	N/A	$0.89+122.5%	$0.40+14.3%	$0.35+9.4%	$0.32+10.3%	$0.29+52.6%	$0.19+72.7%	$0.11+150.0%	-$0.22-181.5%	$0.27+125.0%	$0.12+134.3%	-$0.35-3600.0%	$0.01-90.9%	$0.11-38.9%	$0.18+350.0%	$0.04
EPS (Diluted)	$1.06	$0.88+120.0%	$0.40+14.3%	$0.35+9.4%	$0.32+10.3%	$0.29+52.6%	$0.19+72.7%	$0.11+150.0%	-$0.22-181.5%	$0.27+125.0%	$0.12+134.3%	-$0.35-3600.0%	$0.01-90.9%	$0.11-38.9%	$0.18+350.0%	$0.04
Diluted Shares (Avg)	N/A	18M+2.0%	17M+0.4%	17M+0.9%	17M+0.2%	17M+0.7%	17M+1.0%	17M+0.8%	17M-0.3%	17M-1.1%	17M+0.7%	17M-1.3%	17M+1.7%	17M+1.3%	17M-1.1%	17M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$26.7M+10.7%	$22.4M+2.0%	$21.8M+36.6%	$22.2M+44.6%	$24.1M+105.2%	$21.9M+104.3%	$16.0M+71.6%	$15.4M+18.4%
Cost of Revenue	$12.9M-17.0%	$10.9M+2.4%	$9.9M+6.0%	$8.2M+19.5%	$15.6M+183.7%	$10.7M+106.9%	$9.4M+147.3%	$6.9M+40.5%
Gross Profit	$13.8M+60.9%	$11.4M+1.5%	$11.9M+79.8%	$14.1M+64.8%	$8.6M+36.7%	$11.3M+101.8%	$6.6M+19.7%	$8.5M+5.1%
R&D Expenses	$1.9M+104.8%	$1.8M+106.3%	$1.3M+19.8%	$1.1M-0.5%	$917K-16.6%	$867K-15.9%	$1.1M+22.9%	$1.1M+49.2%
SG&A Expenses	$5.9M+42.2%	$4.7M+37.7%	$4.3M+2.5%	$4.7M+54.5%	$4.2M+32.1%	$3.4M+17.5%	$4.2M+38.3%	$3.1M-17.8%
Operating Income	$6.0M+71.5%	$4.9M-29.2%	$6.3M+368.2%	$8.2M+88.5%	$3.5M+72.5%	$7.0M+325.1%	$1.3M-16.8%	$4.4M+19.5%
EBITDA	$7.4M+70.3%	$5.8M-25.0%	$7.3M+169.9%	$9.0M+79.5%	$4.3M+63.7%	$7.7M+276.0%	$2.7M+33.8%	$5.0M+22.9%
Interest Expense	$1.0M+149.6%	$509K+31.4%	$496K+16.1%	$503K+116.0%	$407K+135.8%	$387K+125.9%	$427K+18.6%	$233K
Income Tax	$528K-20.9%	$1.0M-20.6%	$1.8M+872.1%	$2.2M+144.5%	$668K+102.0%	$1.3M+288.2%	$186K-37.0%	$902K+23.5%
Net Income	$4.5M+83.7%	$3.4M-35.6%	$4.1M+451.4%	$7.1M+123.6%	$2.4M+57.4%	$5.3M+341.6%	$736K-30.4%	$3.2M+20.7%
EPS (Basic)	$0.25+78.6%	$0.19-36.7%	$0.23+475.0%	$0.40+122.2%	$0.14+55.6%	$0.30+328.6%	$0.04-33.3%	$0.18+12.5%
EPS (Diluted)	$0.25+78.6%	$0.19-36.7%	$0.22+450.0%	$0.40+122.2%	$0.14+55.6%	$0.30+328.6%	$0.04-33.3%	$0.18+12.5%
Diluted Shares (Avg)	18M+2.4%	18M+3.7%	18M+2.7%	N/A	18M+2.1%	18M+0.9%	18M+0.6%	N/A

ISSC Balance Sheet

ISSC quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$103.4M+25.5%	$82.4M+30.9%	$63.0M+81.4%	$34.7M+28.1%	$27.1M-34.8%	$41.5M+7.8%	$38.6M+2.5%	$37.6M-8.3%	$41.0M+12.5%	$36.5M+1.1%	$36.1M-18.2%	$44.2M+3.6%	$42.6M-31.9%	$62.6M+7.4%	$58.3M
Current Assets	$50.7M+46.2%	$34.7M0.0%	$34.7M+22.9%	$28.2M+59.4%	$17.7M-46.6%	$33.1M+10.6%	$30.0M+4.5%	$28.7M-16.1%	$34.2M+16.4%	$29.4M+3.4%	$28.4M-22.2%	$36.5M+6.1%	$34.4M-36.7%	$54.4M+7.5%	$50.6M
Cash & Equivalents	$2.7M+399.8%	$539K-82.6%	$3.1M-82.0%	$17.3M+108.7%	$8.3M-34.4%	$12.6M-43.8%	$22.4M+9.9%	$20.4M-17.4%	$24.7M+31.5%	$18.8M+15.3%	$16.3M+7.0%	$15.2M-7.2%	$16.4M-61.9%	$43.0M+0.8%	$42.6M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$25.8M+102.7%	$12.7M+107.4%	$6.1M+14.8%	$5.3M+17.7%	$4.5M+5.9%	$4.3M-4.0%	$4.5M+4.5%	$4.3M+2.4%	$4.2M+14.6%	$3.6M-20.7%	$4.6M-16.0%	$5.5M+25.0%	$4.4M+15.2%	$3.8M+8.3%	$3.5M
Accounts Receivable	$13.0M+2.7%	$12.6M+29.4%	$9.7M+126.7%	$4.3M+6.2%	$4.0M-7.4%	$4.4M+86.0%	$2.3M-31.9%	$3.4M+25.5%	$2.7M-39.1%	$4.5M+88.4%	$2.4M-45.8%	$4.4M-1.5%	$4.5M+12.8%	$4.0M+27.3%	$3.1M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$6.7M+28.6%	$5.2M+46.5%	$3.6M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$38.8M+8.4%	$35.7M+47.0%	$24.3M+514.9%	$4.0M+58.2%	$2.5M-81.8%	$13.8M+486.5%	$2.3M-32.5%	$3.5M+1.5%	$3.4M-5.8%	$3.6M-23.6%	$4.8M-33.4%	$7.2M+7.8%	$6.6M+20.3%	$5.5M+38.0%	$4.0M
Current Liabilities	$16.7M+129.3%	$7.3M+13.5%	$6.4M+62.4%	$3.9M+59.4%	$2.5M-81.9%	$13.6M+515.0%	$2.2M-33.7%	$3.3M-0.4%	$3.4M-5.9%	$3.6M-25.0%	$4.8M-32.0%	$7.0M+7.9%	$6.5M+22.7%	$5.3M+63.2%	$3.2M
Non-Current Liabilities	$22.1M-22.4%	$28.5M+58.9%	$17.9M+118861.2%	$15K-47.5%	$29K-77.9%	$130K0.0%	$130K0.0%	$130K+91.3%	$68K+0.1%	$68K+2295.6%	$3K-98.0%	$145K+0.7%	$144K-36.7%	$227K-70.0%	$756K
Long-Term Debt	$21.7M-22.6%	$28.0M+60.2%	$17.5M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$64.6M+38.5%	$46.6M+20.7%	$38.6M+25.6%	$30.7M+25.1%	$24.6M-11.5%	$27.8M-23.3%	$36.2M+6.0%	$34.2M-9.2%	$37.6M+14.5%	$32.8M+4.8%	$31.3M-15.3%	$37.0M+2.8%	$36.0M-36.9%	$57.1M+5.2%	$54.3M
Retained Earnings	$28.3M+123.4%	$12.7M+123.5%	$5.7M+1678.8%	-$359K+93.9%	-$5.9M-151.3%	-$2.3M-142.0%	$5.6M+49.7%	$3.7M-49.5%	$7.4M+162.8%	$2.8M+242.7%	$819K-87.8%	$6.7M+3.1%	$6.5M-78.1%	$29.6M+11.2%	$26.6M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$148.0M+61.2%	$138.3M+53.8%	$109.9M+35.3%	$103.4M+25.5%	$91.8M+53.5%	$89.9M+56.0%	$81.3M+45.9%	$82.4M+30.9%
Current Assets	$64.4M+61.8%	$53.2M+28.4%	$58.4M+71.4%	$50.7M+46.2%	$39.8M+51.0%	$41.5M+69.4%	$34.1M+26.5%	$34.7M0.0%
Cash & Equivalents	$10.7M+1677.3%	$6.8M+451.9%	$8.3M+1270.4%	$2.7M+399.8%	$602K+15.5%	$1.2M+113.5%	$605K+29.4%	$539K-82.6%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$32.1M+54.8%	$28.1M+48.9%	$28.3M+82.3%	$25.8M+102.7%	$20.7M+42.5%	$18.9M+106.7%	$15.5M+98.8%	$12.7M+107.4%
Accounts Receivable	$16.0M+38.6%	$13.2M-4.6%	$14.5M+87.9%	$13.0M+2.7%	$11.5M+57.4%	$13.8M+128.1%	$7.7M+38.2%	$12.6M+29.4%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$15.8M+135.3%	$15.8M+135.3%	$6.7M+28.6%	$6.7M+28.6%	$6.7M+64.5%	$6.7M+88.4%	$5.2M+46.5%	$5.2M+46.5%
Total Liabilities	$70.8M+102.2%	$66.2M+81.9%	$41.2M+23.0%	$38.8M+8.4%	$35.0M+110.8%	$36.4M+123.9%	$33.5M+111.9%	$35.7M+47.0%
Current Liabilities	$21.7M+92.4%	$16.5M+93.5%	$19.7M+202.3%	$16.7M+129.3%	$11.3M-30.2%	$8.5M-46.1%	$6.5M-57.6%	$7.3M+13.5%
Non-Current Liabilities	$49.1M+106.9%	$49.7M+78.3%	$21.5M-20.3%	$22.1M-22.4%	$23.7M+5183.1%	$27.9M+6168.1%	$27.0M+6206.1%	$28.5M+58.9%
Long-Term Debt	$48.7M+109.3%	$49.3M+79.8%	$21.1M-20.5%	$21.7M-22.6%	$23.3M	$27.4M	$26.5M	$28.0M+60.2%
Total Equity	$77.2M+35.9%	$72.1M+34.8%	$68.7M+43.9%	$64.6M+38.5%	$56.8M+31.5%	$53.5M+29.3%	$47.8M+19.7%	$46.6M+20.7%
Retained Earnings	$40.3M+90.1%	$35.8M+91.0%	$32.4M+141.4%	$28.3M+123.4%	$21.2M+123.3%	$18.7M+136.2%	$13.4M+99.3%	$12.7M+123.5%

ISSC Cash Flow Statement

ISSC quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$18.5M	$13.3M+129.5%	$5.8M+176.5%	$2.1M-65.6%	$6.1M+32.7%	$4.6M0.0%	$4.6M+117.9%	$2.1M+221.0%	-$1.7M-128.7%	$6.1M+70.3%	$3.6M+154.1%	$1.4M+296.8%	-$712K+66.9%	-$2.2M-255.9%	$1.4M-39.3%	$2.3M
Depreciation & Amortization	N/A	$3.7M+78.0%	$2.1M+200.6%	$698K+89.4%	$368K-14.7%	$432K0.0%	$432K-4.2%	$451K+3.5%	$436K-2.9%	$449K-9.0%	$493K-13.5%	$570K-1.1%	$576K+5.7%	$546K+3.1%	$529K-21.3%	$672K
Stock-Based Compensation	N/A	$2.3M+132.9%	$1.0M-30.8%	$1.5M+320.4%	$345K+1.2%	$341K+92.7%	$177K+2.3%	$173K-13.5%	$200K-1.5%	$203K-19.1%	$251K-46.1%	$466K-42.5%	$810K-11.2%	$912K+41.4%	$645K+73.9%	$371K
Capital Expenditures	$4.2M	$6.5M+890.0%	$658K+120.5%	$298K+85.1%	$161K-52.7%	$341K0.0%	$341K+319.1%	$81K-96.8%	$2.5M+1565.3%	$153K-56.6%	$353K+87.1%	$189K-73.8%	$720K+18.9%	$605K+178.3%	$218K-14.8%	$255K
Free Cash Flow	$14.3M	$6.8M+32.2%	$5.1M+185.8%	$1.8M-69.7%	$5.9M+39.5%	$4.3M0.0%	$4.3M+109.9%	$2.0M+147.2%	-$4.3M-172.5%	$5.9M+84.2%	$3.2M+164.6%	$1.2M+184.7%	-$1.4M+48.1%	-$2.8M-337.1%	$1.2M-42.4%	$2.0M
Investing Cash Flow	-$37.2M	-$6.5M+61.4%	-$16.9M+53.3%	-$36.2M-1496.4%	$2.6M+860.1%	-$341K0.0%	-$341K-319.1%	-$81K+96.8%	-$2.5M-1565.3%	-$153K+56.5%	-$352K-195.6%	-$119K	N/A	N/A	N/A	N/A
Financing Cash Flow	$28.8M	-$4.6M-154.4%	$8.5M-57.2%	$19.9M+6510.9%	$301K+101.5%	-$19.8M0.0%	-$19.8M	N/A	N/A	N/A	-$725K-236.8%	-$215K	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	$19.8M0.0%	$19.8M	N/A	N/A	N/A	N/A	N/A	N/A	$25.0M	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$725K+185.2%	$254K	N/A	$696-99.9%	$798K+167.1%	$299K

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$5.1M-29.4%	$2.3M+77.9%	$8.2M+343.1%	$3.0M+566.3%	$7.2M+671.6%	$1.3M+540.4%	$1.8M-56.3%	$445K-61.6%
Depreciation & Amortization	$1.4M+64.9%	$860K+14.2%	$1.0M-25.0%	$909K+37.5%	$820K+34.2%	$753K+81.5%	$1.4M+232.3%	$661K+50.5%
Stock-Based Compensation	$654K-21.3%	$496K+22.5%	$916K+130.9%	N/A	$832K	$405K	$397K	N/A
Capital Expenditures	$476K-87.1%	$1.6M+4.4%	$1.1M+324.7%	$1.0M+590.5%	$3.7M+1714.2%	$1.6M+1137.3%	$261K+42.9%	$146K+9.4%
Free Cash Flow	$4.6M+31.1%	$667K+349.1%	$7.0M+346.2%	$2.0M+554.5%	$3.5M+381.5%	-$268K-455.2%	$1.6M-60.8%	$299K-70.8%
Investing Cash Flow	-$476K+87.1%	-$34.6M-2125.7%	-$1.1M-324.7%	-$1.0M+94.6%	-$3.7M-1714.2%	-$1.6M-1137.3%	-$261K-112.8%	-$18.6M-13851.1%
Financing Cash Flow	-$683K+83.5%	$30.8M+3366.6%	-$1.5M+3.7%	$132K-99.3%	-$4.1M-428.5%	$889K+2733.3%	-$1.5M+83.0%	$18.2M+3733.6%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

ISSC Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ISSC quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	48.1%-6.8pp	54.9%-6.3pp	61.2%+1.1pp	60.1%+4.6pp	55.5%+0.8pp	54.6%-1.7pp	56.3%+9.1pp	47.2%-1.1pp	48.4%-10.6pp	59.0%+24.4pp	34.5%+3.7pp	30.8%-9.2pp	40.0%-2.8pp	42.8%-10.8pp	53.6%
Operating Margin	23.8%+3.3pp	20.5%-0.7pp	21.1%-4.9pp	26.0%+9.1pp	16.9%+4.2pp	12.7%+4.0pp	8.7%+35.5pp	-26.8%-26.3pp	-0.5%-9.2pp	8.7%+26.8pp	-18.0%-17.7pp	-0.3%-6.4pp	6.1%+4.4pp	1.7%-0.7pp	2.4%
Net Margin	18.5%+3.7pp	14.8%-2.5pp	17.3%-2.6pp	19.9%-2.1pp	22.0%+6.8pp	15.1%+4.6pp	10.5%+36.9pp	-26.4%-53.6pp	27.2%+20.1pp	7.1%+36.3pp	-29.2%-29.7pp	0.4%-5.5pp	6.0%-6.1pp	12.1%+9.3pp	2.8%
Return on Equity	24.2%+9.2pp	15.0%-0.6pp	15.6%-2.4pp	18.0%-2.6pp	20.6%+8.8pp	11.8%+6.7pp	5.1%+15.8pp	-10.7%-22.8pp	12.2%+6.1pp	6.0%+24.8pp	-18.7%-19.3pp	0.5%-4.7pp	5.2%0.0pp	5.2%+3.9pp	1.3%
Return on Assets	15.1%+6.6pp	8.5%-1.1pp	9.6%-6.4pp	15.9%-2.8pp	18.7%+10.8pp	7.9%+3.1pp	4.8%+14.5pp	-9.7%-20.8pp	11.1%+5.7pp	5.4%+21.7pp	-16.3%-16.7pp	0.4%-4.0pp	4.4%-0.3pp	4.8%+3.5pp	1.2%
Current Ratio	3.04-1.7x	4.77-0.6x	5.42-1.7x	7.160.0x	7.16+4.7x	2.43-11.1x	13.50+4.9x	8.56-1.6x	10.17+1.9x	8.22+2.3x	5.97+0.8x	5.21-0.1x	5.30-5.0x	10.28-5.3x	15.61
Debt-to-Equity	0.34-0.3x	0.60+0.1x	0.45+0.3x	0.130.0x	0.10-0.4x	0.50+0.4x	0.060.0x	0.100.0x	0.090.0x	0.110.0x	0.150.0x	0.190.0x	0.18+0.1x	0.100.0x	0.07
Asset Turnover	0.82+0.2x	0.570.0x	0.55-0.2x	0.80-0.1x	0.85+0.3x	0.52+0.1x	0.46+0.1x	0.370.0x	0.41-0.4x	0.77+0.2x	0.56-0.4x	1.00+0.3x	0.74+0.3x	0.390.0x	0.44
FCF Margin	8.1%-2.8pp	10.9%+5.7pp	5.2%-16.2pp	21.4%+2.9pp	18.4%-1.2pp	19.7%+8.2pp	11.5%+42.5pp	-31.0%-66.2pp	35.2%+23.8pp	11.5%+5.4pp	6.0%+9.3pp	-3.3%+5.5pp	-8.7%-13.5pp	4.7%-3.1pp	7.8%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	51.6%+16.1pp	51.1%-0.2pp	54.5%+13.1pp	63.2%+7.7pp	35.5%-17.8pp	51.4%-0.6pp	41.4%-17.9pp	55.4%-7.0pp
Operating Margin	22.6%+8.0pp	22.1%-9.7pp	28.8%+20.4pp	37.0%+8.6pp	14.6%-2.7pp	31.8%+16.5pp	8.4%-8.9pp	28.4%+0.3pp
Net Margin	16.8%+6.7pp	15.3%-9.0pp	18.6%+14.0pp	32.0%+11.3pp	10.1%-3.1pp	24.3%+13.1pp	4.6%-6.8pp	20.7%+0.4pp
Return on Equity	5.8%+1.5pp	4.8%-5.2pp	5.9%+4.4pp	11.0%+4.2pp	4.3%+0.7pp	10.0%+7.0pp	1.5%-1.1pp	6.8%0.0pp
Return on Assets	3.0%+0.4pp	2.5%-3.5pp	3.7%+2.8pp	6.9%+3.0pp	2.7%+0.1pp	5.9%+3.8pp	0.9%-1.0pp	3.9%-0.3pp
Current Ratio	2.97-0.6x	3.23-1.6x	2.96-2.3x	3.04-1.7x	3.53+1.9x	4.87+3.3x	5.22+3.5x	4.77-0.6x
Debt-to-Equity	0.63+0.2x	0.68+0.2x	0.31-0.2x	0.34-0.3x	0.410.0x	0.51+0.1x	0.56+0.2x	0.60+0.1x
Asset Turnover	0.18-0.1x	0.16-0.1x	0.200.0x	0.220.0x	0.26+0.1x	0.24+0.1x	0.200.0x	0.190.0x
FCF Margin	17.3%+2.7pp	3.0%+4.2pp	32.3%+22.4pp	8.8%+6.9pp	14.6%+8.4pp	-1.2%-1.9pp	9.9%-33.4pp	1.9%-5.9pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Innovative Solutions & Support ISSC	FY2025	$84.3M	$15.6M	18.5%	$443.5M	77/100
Virgin Galactic Holdings, Inc. SPCE	FY2025	$1.5M	-$279K	-18.1%	$462.4M	52/100
Outdoor Holding Company POWW	FY2026	$51.1M	-$3.5M	-6.9%	$260.0M	46/100
Safe Pro Group Inc. SPAI	FY2025	$607K	-$14.3M	N/A	$89.2M	—
VisionWave Holdings, Inc. VWAV	FY2025	N/A	-$6.5M	N/A	$10.3M	—
Optex Systems Holdings, INC OPXS	FY2025	$41.3M	$5.1M	12.4%	$71.8M	79/100

Where Innovative Solutions & Support Ranks

Frequently Asked Questions

What is Innovative Solutions & Support's annual revenue?

Innovative Solutions & Support (ISSC) reported $84.3M in total revenue for fiscal year 2025. This represents a 78.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Innovative Solutions & Support's revenue growing?

Innovative Solutions & Support (ISSC) revenue grew by 78.6% year-over-year, from $47.2M to $84.3M in fiscal year 2025.

Is Innovative Solutions & Support profitable?

Yes, Innovative Solutions & Support (ISSC) reported a net income of $15.6M in fiscal year 2025, with a net profit margin of 18.5%.

What is Innovative Solutions & Support's EBITDA?

Innovative Solutions & Support (ISSC) had EBITDA of $23.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Innovative Solutions & Support have?

As of fiscal year 2025, Innovative Solutions & Support (ISSC) had $2.7M in cash and equivalents against $21.7M in long-term debt.

What is Innovative Solutions & Support's gross margin?

Innovative Solutions & Support (ISSC) had a gross margin of 48.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Innovative Solutions & Support's operating margin?

Innovative Solutions & Support (ISSC) had an operating margin of 23.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Innovative Solutions & Support's net profit margin?

Innovative Solutions & Support (ISSC) had a net profit margin of 18.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Innovative Solutions & Support's return on equity (ROE)?

Innovative Solutions & Support (ISSC) has a return on equity of 24.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Innovative Solutions & Support's free cash flow?

Innovative Solutions & Support (ISSC) generated $6.8M in free cash flow during fiscal year 2025. This represents a 32.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Innovative Solutions & Support's operating cash flow?

Innovative Solutions & Support (ISSC) generated $13.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Innovative Solutions & Support's total assets?

Innovative Solutions & Support (ISSC) had $103.4M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Innovative Solutions & Support's capital expenditures?

Innovative Solutions & Support (ISSC) invested $6.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Innovative Solutions & Support spend on research and development?

Innovative Solutions & Support (ISSC) invested $4.0M in research and development during fiscal year 2025.

How many shares does Innovative Solutions & Support have outstanding?

Innovative Solutions & Support (ISSC) had 18M shares outstanding as of fiscal year 2025.

What is Innovative Solutions & Support's current ratio?

Innovative Solutions & Support (ISSC) had a current ratio of 3.04 as of fiscal year 2025, which is generally considered healthy.

What is Innovative Solutions & Support's debt-to-equity ratio?

Innovative Solutions & Support (ISSC) had a debt-to-equity ratio of 0.34 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Innovative Solutions & Support's return on assets (ROA)?

Innovative Solutions & Support (ISSC) had a return on assets of 15.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Innovative Solutions & Support's Altman Z-Score?

Innovative Solutions & Support (ISSC) has an Altman Z-Score of 9.10, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Innovative Solutions & Support's Piotroski F-Score?

Innovative Solutions & Support (ISSC) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Innovative Solutions & Support's earnings high quality?

Innovative Solutions & Support (ISSC) has an earnings quality ratio of 0.85x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Innovative Solutions & Support cover its interest payments?

Innovative Solutions & Support (ISSC) has an interest coverage ratio of 11.63x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Innovative Solutions & Support?

Innovative Solutions & Support (ISSC) scores 77 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.