Every 10-Q that Innovative Solutions & Support (ISSC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, 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. reported solid growth for the quarter and nine months ended June 30, 2026. Quarterly net sales were $26.7 million versus $24.1 million a year earlier, with nine‑month net sales of $70.9 million versus $62.0 million.
Net income increased to $4.5 million for the quarter from $2.4 million, and to $12.0 million for nine months from $8.5 million, as lower product cost of sales expanded gross profit. Operating cash flow was $15.5 million for nine months.
The company executed three avionics-related acquisitions totaling $33.5 million in cash, adding $10.0 million of goodwill and significantly increasing intangible assets. These were financed largely with a delayed draw term loan, raising total debt to $54.3 million while cash rose to $10.7 million.
Innovative Solutions and Support, Inc. reported higher year-to-date sales with mixed profit trends while executing three aerospace acquisitions.
For the quarter ended March 31, 2026, total net sales were $22.4 million versus $21.9 million a year earlier, but quarterly net income declined to $3.4 million from $5.3 million as operating expenses rose. For the first six months, net sales increased to $44.2 million from $37.9 million and net income improved to $7.5 million from $6.1 million.
The company closed a $22.0 million Honeywell general aviation autopilot deal, an $8.0 million Honeywell generators agreement, and a $3.5 million Moog S-TEC 3100 autopilot acquisition, all treated as business combinations. These were funded mainly with a $32.0 million delayed draw term loan, lifting long‑term debt to $49.3 million and total assets to $138.3 million, while operating cash flow rose to $10.5 million for the six‑month period.
Innovative Solutions and Support, Inc. reported a much stronger quarter for the three months ended December 31, 2025. Total net sales increased to $21.8 million from $16.0 million a year earlier, with both product and services revenue contributing to the growth.
Gross profit rose to $11.9 million, up from $6.6 million, as higher sales leveraged relatively stable cost of sales. Operating income expanded sharply to $6.3 million compared with $1.3 million in the prior-year period, despite increased research and development and selling, general and administrative expenses.
Net income climbed to $4.1 million from $0.7 million, with diluted earnings per share improving to $0.22 from $0.04. Operating cash flow was strong at $8.2 million, supporting higher cash and cash equivalents of $8.3 million. Long-term debt stood at $23.8 million, and the company retained access to its revolving and delayed draw term loan facilities for additional liquidity.
Innovative Solutions and Support, Inc. reported significant growth for the quarter and nine months ended June 30, 2025. Total net sales rose to $24.1 million for the three months and $62.0 million for the nine months, up from $11.8 million and $31.8 million a year earlier. Net income was $2.44 million for the quarter and $8.52 million for the nine months, with basic earnings per share of $0.14 and $0.49 for the quarter and nine months, respectively.
Balance sheet and cash flow highlights include total assets of $91.8 million, shareholders' equity of $56.8 million, cash and cash equivalents of $601,759, inventories of $20.7 million, operating cash flow of $10.34 million for the nine months, and net cash used in financing of $4.77 million. The company completed multiple Honeywell asset transactions (June 2023, July 2024, September 2024) totaling material consideration including $35.86 million and $14.06 million purchases; certain purchase price allocations remain preliminary. Revenue concentration is notable: Lockheed Martin represented 52% of net sales for the quarter and 47% for the nine months.