Here are the 10-K annual reports from Innovative Solutions & Support (ISSC) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow ISSC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ISSC filings page.
Innovative Solutions and Support, Inc. filed an amended 2025 annual report to add Part III information on directors, executive compensation, ownership and governance because it does not expect to file a proxy statement within 120 days of fiscal year-end.
The filing outlines the current board and committee structure, confirms a Code of Ethics and insider trading, anti-hedging and stock ownership policies, and notes that required Section 16 reports were largely timely with a few late Form 4s.
It describes the pay program for the CEO and CFO, including base salaries, performance-based cash bonuses tied to revenue and operating income, and equity awards such as stock options, time-vested RSUs and market-based RSUs, along with detailed change-in-control and severance protections. The report also presents pay-versus-performance tables, director compensation, and confirms 17,778,343 common shares outstanding as of January 12, 2026.
Innovative Solutions and Support, Inc., now doing business as Innovative Aerosystems, reports strong growth for the year ended September 30, 2025, with net sales of $84.3 million, up 78.6% from $47.2 million, and net income of $15.6 million, up 123.3% from $7.0 million.
Backlog was $77.4 million versus $89.2 million a year earlier, and the company expects to recognize about 44% of this within 12 months and about 92% within 24 months as revenue. IA expanded its Exton, Pennsylvania facility to 85,000 square feet, which it expects to increase manufacturing capacity by more than 300%, supporting growth and recently acquired Honeywell product lines. The business remains concentrated, with Lockheed Martin, Pilatus, and Boeing representing 36%, 8% and 5% of 2025 revenue, and continues to pursue retrofit, OEM, and military opportunities using its COCKPIT/IP display systems, ThrustSense autothrottle and other avionics. As of November 30, 2025, there were 17,752,354 common shares outstanding.