Inotiv Inc Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Inotiv Inc has an operating margin of -6.0%, meaning the company retains $-6 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -17.6% the prior year.
Inotiv Inc's revenue grew a modest 4.5% year-over-year to $513.0M. This slow but positive growth earns a score of 42/100.
Inotiv Inc carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Inotiv Inc's current ratio of 0.35 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While Inotiv Inc generated -$10.5M in operating cash flow, capex of $16.6M consumed most of it, leaving -$27.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Inotiv Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Inotiv Inc generates $0.15 in operating cash flow (-$10.5M OCF vs -$68.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Inotiv Inc earns $-0.5 in operating income for every $1 of interest expense (-$30.9M vs $56.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Inotiv Inc (NOTV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).
Key Financial Metrics
Inotiv Inc generated $513.0M in revenue in fiscal year 2025. This represents an increase of 4.5% from the prior year.
Inotiv Inc's EBITDA was $25.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 185.4% from the prior year.
Inotiv Inc generated -$27.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 7.0% from the prior year.
Inotiv Inc reported -$68.6M in net income in fiscal year 2025. This represents an increase of 36.7% from the prior year.
Inotiv Inc earned $-2.11 per diluted share (EPS) in fiscal year 2025. This represents an increase of 49.6% from the prior year.
Inotiv Inc held $21.7M in cash against $0 in long-term debt as of fiscal year 2025.
Inotiv Inc had 34M shares outstanding in fiscal year 2025. This represents an increase of 32.1% from the prior year.
Inotiv Inc's operating margin was -6.0% in fiscal year 2025, reflecting core business profitability. This is up 11.6 percentage points from the prior year.
Inotiv Inc's net profit margin was -13.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 8.7 percentage points from the prior year.
Inotiv Inc invested $16.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 25.5% from the prior year.
NOTV Income Statement
| Metric | Q1'26 | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $60K-100.0% | $120.9M-7.5% | $130.7M+5.1% | $124.3M+3.7% | $119.9M+13.3% | $105.8M-11.1% | $119.0M-12.2% | $135.5M |
| Cost of Revenue | $44K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $16K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $5K-100.0% | $18.5M+3.4% | $17.9M+4.2% | $17.2M-10.4% | $19.2M+14.1% | $16.8M-15.2% | $19.8M-0.7% | $19.9M |
| Operating Income | $16K+100.1% | -$16.3M-187.8% | -$5.7M-93.2% | -$2.9M+81.1% | -$15.5M+25.3% | -$20.8M+51.9% | -$43.1M-360.1% | -$9.4M |
| Interest Expense | $1K-100.0% | $13.5M-1.1% | $13.6M+1.2% | $13.4M-2.8% | $13.8M+369.4% | $2.9M-73.4% | $11.1M-2.4% | $11.4M |
| Income Tax | $2K+100.1% | -$1.6M-38.2% | -$1.2M-6.8% | -$1.1M+49.0% | -$2.2M+68.3% | -$6.9M-7.8% | -$6.4M-82.1% | -$3.5M |
| Net Income | $28K+100.1% | -$28.4M-61.4% | -$17.6M-18.2% | -$14.9M+46.2% | -$27.6M-5.9% | -$26.1M+45.7% | -$48.1M-212.4% | -$15.4M |
| EPS (Diluted) | $0.83+200.0% | $-0.83-62.7% | $-0.51-15.9% | $-0.44+56.9% | $-1.02-2.0% | $-1.00+46.2% | $-1.86-210.0% | $-0.60 |
NOTV Balance Sheet
| Metric | Q1'26 | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $734K-99.9% | $734.3M-3.3% | $759.7M-0.8% | $766.0M-0.9% | $772.9M-1.1% | $781.4M-4.2% | $815.4M-2.4% | $835.5M |
| Current Assets | $164K-99.9% | $163.8M-6.7% | $175.6M+1.1% | $173.7M+1.3% | $171.4M+4.9% | $163.4M-9.6% | $180.7M-5.2% | $190.7M |
| Cash & Equivalents | $13K-99.9% | $12.7M+104.9% | $6.2M-67.8% | $19.3M-49.3% | $38.0M+77.5% | $21.4M-34.4% | $32.7M+48.6% | $22.0M |
| Inventory | $44K-99.9% | $44.3M-1.7% | $45.1M+18.5% | $38.0M+20.6% | $31.6M+73.6% | $18.2M-60.0% | $45.4M-10.3% | $50.6M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $94K-99.9% | $94.3M0.0% | $94.3M0.0% | $94.3M0.0% | $94.3M0.0% | $94.3M0.0% | $94.3M0.0% | $94.3M |
| Total Liabilities | $625K-99.9% | $625.3M+1.5% | $616.0M+1.3% | $608.3M+0.9% | $603.1M-1.3% | $610.9M+0.4% | $608.2M+4.6% | $581.3M |
| Current Liabilities | $539K-99.9% | $538.5M+294.3% | $136.6M+18.4% | $115.4M+5.8% | $109.1M-8.3% | $119.0M-75.9% | $492.9M+350.2% | $109.5M |
| Long-Term Debt | $406K | $0-100.0% | $390.3M-0.5% | $392.4M-0.1% | $393.0M+0.8% | $389.8M+141645.8% | $275K-99.9% | $370.9M |
| Total Equity | $109K-99.9% | $109.0M-24.2% | $143.8M-8.8% | $157.7M-7.1% | $169.8M-0.4% | $170.5M-17.7% | $207.2M-18.5% | $254.2M |
| Retained Earnings | $659K+100.1% | -$659.2M-5.9% | -$622.3M-2.9% | -$604.7M-2.5% | -$589.8M-4.9% | -$562.2M-8.7% | -$517.2M-10.2% | -$469.1M |
NOTV Cash Flow Statement
| Metric | Q1'26 | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $5K+100.1% | -$5.4M+27.1% | -$7.4M+41.9% | -$12.8M-185.0% | -$4.5M-89.6% | -$2.4M-114.0% | $16.9M+358.5% | -$6.5M |
| Capital Expenditures | $5K-99.9% | $5.2M+29.3% | $4.0M-26.8% | $5.5M+22.7% | $4.5M-15.8% | $5.3M-24.6% | $7.0M+26.0% | $5.6M |
| Free Cash Flow | $253+100.0% | -$10.6M+7.3% | -$11.5M+37.4% | -$18.3M-104.2% | -$9.0M-16.8% | -$7.7M-177.5% | $9.9M+181.7% | -$12.1M |
| Investing Cash Flow | $5K+100.1% | -$5.2M-106.7% | -$2.5M+54.0% | -$5.5M-22.2% | -$4.5M+15.1% | -$5.2M-14.4% | -$4.6M-13.5% | -$4.0M |
| Financing Cash Flow | $2K-99.9% | $1.5M+145.0% | -$3.4M-439.6% | -$632K-102.4% | $26.1M+79.4% | $14.6M+1341.6% | -$1.2M+59.8% | -$2.9M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
NOTV Financial Ratios
| Metric | Q1'26 | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.8% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 27.3%+40.8pp | -13.5%-9.2pp | -4.3%-2.0pp | -2.4%+10.6pp | -12.9%+6.7pp | -19.6%+16.6pp | -36.2%-29.3pp | -6.9% |
| Net Margin | 47.5%+71.0pp | -23.5%-10.0pp | -13.5%-1.5pp | -12.0%+11.1pp | -23.1%+1.6pp | -24.7%+15.7pp | -40.4%-29.0pp | -11.4% |
| Return on Equity | 26.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 3.9%+7.7pp | -3.9%-1.6pp | -2.3%-0.4pp | -1.9%+1.6pp | -3.6%-0.2pp | -3.4%+2.5pp | -5.9%-4.1pp | -1.8% |
| Current Ratio | 0.300.0 | 0.30-1.0 | 1.29-0.2 | 1.50-0.1 | 1.57+0.2 | 1.37+1.0 | 0.37-1.4 | 1.74 |
| Debt-to-Equity | 3.72+3.7 | 0.00-2.7 | 2.71+0.2 | 2.49+0.2 | 2.31+0.0 | 2.29+2.3 | 0.00-1.5 | 1.46 |
| FCF Margin | 0.4%+9.2pp | -8.8%-0.0pp | -8.8%+6.0pp | -14.7%-7.2pp | -7.5%+10.7pp | -18.2%-26.5pp | 8.3%+17.3pp | -8.9% |
Note: The current ratio is below 1.0 (0.35), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Inotiv Inc's annual revenue?
Inotiv Inc (NOTV) reported $513.0M in total revenue for fiscal year 2025. This represents a 4.5% 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 Inotiv Inc's revenue growing?
Inotiv Inc (NOTV) revenue grew by 4.5% year-over-year, from $490.7M to $513.0M in fiscal year 2025.
Is Inotiv Inc profitable?
No, Inotiv Inc (NOTV) reported a net income of -$68.6M in fiscal year 2025, with a net profit margin of -13.4%.
What is Inotiv Inc's earnings per share (EPS)?
Inotiv Inc (NOTV) reported diluted earnings per share of $-2.11 for fiscal year 2025. This represents a 49.6% 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.
What is Inotiv Inc's EBITDA?
Inotiv Inc (NOTV) had EBITDA of $25.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Inotiv Inc have?
As of fiscal year 2025, Inotiv Inc (NOTV) had $21.7M in cash and equivalents against $0 in long-term debt.
What is Inotiv Inc's operating margin?
Inotiv Inc (NOTV) had an operating margin of -6.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Inotiv Inc's net profit margin?
Inotiv Inc (NOTV) had a net profit margin of -13.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Inotiv Inc's free cash flow?
Inotiv Inc (NOTV) generated -$27.1M in free cash flow during fiscal year 2025. This represents a 7.0% 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 Inotiv Inc's operating cash flow?
Inotiv Inc (NOTV) generated -$10.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Inotiv Inc's total assets?
Inotiv Inc (NOTV) had $771.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Inotiv Inc's capital expenditures?
Inotiv Inc (NOTV) invested $16.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How many shares does Inotiv Inc have outstanding?
Inotiv Inc (NOTV) had 34M shares outstanding as of fiscal year 2025.
What is Inotiv Inc's current ratio?
Inotiv Inc (NOTV) had a current ratio of 0.35 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Inotiv Inc's debt-to-equity ratio?
Inotiv Inc (NOTV) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Inotiv Inc's return on assets (ROA)?
Inotiv Inc (NOTV) had a return on assets of -8.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Inotiv Inc's cash runway?
Based on fiscal year 2025 data, Inotiv Inc (NOTV) had $21.7M in cash against an annual operating cash burn of $10.5M. This gives an estimated cash runway of approximately 25 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Inotiv Inc's Piotroski F-Score?
Inotiv Inc (NOTV) has a Piotroski F-Score of 4 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Inotiv Inc's earnings high quality?
Inotiv Inc (NOTV) has an earnings quality ratio of 0.15x, considered low quality (accrual-driven). 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 Inotiv Inc cover its interest payments?
Inotiv Inc (NOTV) has an interest coverage ratio of -0.5x, meaning it can struggle to 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 Inotiv Inc?
Inotiv Inc (NOTV) scores 28 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.