Innovative Solutions & Support Inc. (ISSC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$0.21	$0.33	+57.1%	—	$26.7M	—
Q2 26	$0.19	$0.26	+36.8%	—	$22.4M	—
Q1 26	$0.1	$0.25	+150.0%	—	$21.8M	—
Q4 25	$0.13	$0.44	+238.5%	—	$22.2M	—
Q3 25	$0.16	$0.14	-12.5%	—	$24.1M	—
Q2 25	$0.12	$0.31	+158.3%	—	$21.9M	—
Q1 25	$0.15	$0.06	-60.0%	—	$16M	—
Q4 24	$0.14	$0.21	+50.0%	—	$15.4M	—
Q3 24	$0.1	$0.09	-10.0%	—	$11.8M	—
Q3 23	$0.07	$0.08	+14.3%	—	$8M	—
Q2 23	$0.06	$0.07	+16.7%	—	$7.3M	—
Q1 23	—	$0.04	—	—	$6.5M	—
Q4 22	—	$0.1	—	—	$7.3M	—
Q3 22	—	$0.08	—	—	$6.9M	—
Q2 22	—	$0.08	—	—	$6.8M	—
Q1 22	—	$0.07	—	—	$6.7M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.89	—	—	$84.3M	—
FY24	—	$0.4	—	—	$47.2M	—
FY23	—	$0.35	—	—	$34.8M	—
FY22	—	$0.32	—	—	$27.7M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$28M	$16.8M	$13.9M	$17.6M	$21.6M	$23M	$27.7M	$34.8M	$47.2M	$84.3M
YoY change	+39.4%	-40%	-17.5%	+26.9%	+22.9%	+6.71%	+20.4%	+25.5%	+35.6%	+78.6%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	28M	16.8M	13.9M	17.6M	21.6M	23M	27.7M	34.8M	47.2M	84.3M
Cost of revenue	11.5M	8.7M	7.3M	7.7M	9.8M	10.3M	11.1M	13.5M	21.3M	43.8M
Gross profit	16.5M	8.1M	6.5M	9.9M	11.8M	12.8M	16.7M	21.3M	25.9M	40.5M
Gross margin	58.9%	48.4%	47.2%	56.3%	54.7%	55.5%	60.1%	61.2%	54.9%	48.1%
Research & development	4.9M	4.5M	3.6M	2.5M	3M	2.6M	2.7M	3.1M	4.1M	4M
Selling, general & administrative	9.2M	3.7M	6.7M	5.9M	6.1M	6.3M	6.8M	10.8M	12.1M	16.4M
Operating expenses	14M	8.2M	10.2M	8.4M	9.1M	8.9M	9.5M	14M	16.3M	20.4M
Operating income	2.4M	-77.6K	-3.7M	1.5M	2.7M	3.9M	7.2M	7.4M	9.7M	20.1M
Operating margin	8.74%	-0.46%	-26.8%	8.7%	12.7%	16.9%	26%	21.1%	20.5%	23.8%
Non-operating income, net	78.4K	4.9M	67.7K	73.7K	60.5K	74.9K	65.2K	151.3K	—	1.6M
Pretax income	2.6M	4.8M	-3.6M	1.9M	3M	4M	7.3M	7.6M	8.9M	20M
Income tax	568.3K	247.9K	63.7K	1.8K	-308.9K	-1.1M	1.8M	1.6M	1.9M	4.3M
Net income	2M	4.6M	-3.7M	1.9M	3.3M	5.1M	5.5M	6M	7M	15.6M
Net margin	7.1%	27.2%	-26.4%	10.5%	15.1%	22%	19.9%	17.3%	14.8%	18.5%
EBITDA	2.9M	371.6K	-3.3M	2M	3.2M	4.3M	7.7M	8.7M	11.9M	25.4M
EPS	0.12	0.27	-0.22	0.11	0.19	0.29	0.32	0.35	0.4	0.89
Diluted EPS	0.12	0.27	-0.22	0.11	0.19	0.29	0.32	0.35	0.4	0.88

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	13M	9.3M	10.7M	11.8M	15.4M	16M	21.9M	24.1M	22.2M	21.8M	22.4M	26.7M
Cost of revenue	4.9M	3.8M	5.2M	5.5M	6.9M	9.4M	10.7M	15.6M	8.2M	9.9M	10.9M	12.9M
Gross profit	8.1M	5.5M	5.6M	6.3M	8.5M	6.6M	11.3M	8.6M	14.1M	11.9M	11.4M	13.8M
Gross margin	62.4%	59.3%	52%	53.4%	55.4%	41.4%	51.4%	35.5%	63.2%	54.5%	51.1%	51.7%
Research & development	741.6K	901.1K	1M	1.1M	1.1M	1.1M	867.2K	916.8K	1.1M	1.3M	1.8M	1.9M
Selling, general & administrative	3.7M	3M	2.9M	3.1M	3.1M	4.2M	3.4M	4.2M	4.7M	4.3M	4.7M	5.9M
Operating expenses	4.5M	3.9M	3.9M	4.2M	4.2M	5.3M	4.3M	5.1M	5.8M	5.6M	6.5M	7.8M
Operating income	3.7M	1.6M	1.6M	2M	4.4M	1.3M	7M	3.5M	8.2M	6.3M	4.9M	6M
Operating margin	28.1%	17.4%	15.3%	17.3%	28.4%	8.42%	31.8%	14.6%	37%	28.9%	22.1%	22.6%
Non-operating income, net	19.8K	17.7K	26.5K	12.9K	—	6	—	—	1.6M	64.1K	—	—
Pretax income	3.4M	1.4M	1.5M	1.9M	4.1M	921.9K	6.6M	3.1M	9.3M	5.9M	4.4M	5M
Income tax	730.2K	295K	325.9K	330.5K	901.7K	185.7K	1.3M	667.7K	2.2M	1.8M	1M	527.8K
Net income	2.6M	1.1M	1.2M	1.6M	3.2M	736.2K	5.3M	2.4M	7.1M	4.1M	3.4M	4.5M
Net margin	20.3%	11.4%	11.3%	13.2%	20.7%	4.61%	24.3%	10.1%	32%	18.6%	15.4%	16.8%
EBITDA	4.8M	2.1M	2.1M	2.7M	5M	2.7M	7.6M	4.3M	10.7M	7.4M	5.8M	7.4M
EPS	0.15	0.06	0.07	0.09	0.18	0.04	0.3	0.14	0.4	0.23	0.19	0.25
Diluted EPS	0.15	0.06	0.07	0.09	0.18	0.04	0.3	0.14	0.39	0.22	0.19	0.25

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	54M	60.9M	42.7M	79.3M	115.9M	120.9M	148.9M	132.3M	113.8M	219.5M	338.3M
Enterprise value	35.2M	36.3M	22.3M	56.9M	103.3M	112.7M	131.7M	148.7M	141.3M	240.9M	487.2M
Shares outstanding	16.9M	16.7M	16.8M	16.9M	16.9M	17.2M	17.3M	17.4M	17.5M	17.6M	17.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	27.2	13.3	—	42.8	35.4	23.9	27	22	16.3	14	21.7
P/S	1.93	3.63	3.08	4.51	5.37	5.25	5.37	3.8	2.41	2.6	4.76
P/B	1.64	1.62	1.25	2.19	4.17	4.92	4.84	3.42	2.44	3.4	5.75
EV/EBITDA	12	97.6	-6.81	28.7	32.5	26	17.1	17	11.9	9.48	15.9
EV/Sales	1.26	2.16	1.61	3.24	4.78	4.89	4.75	4.27	2.99	2.86	5.23
Earnings yield	3.68%	7.5%	—	2.33%	2.82%	4.19%	3.71%	4.56%	6.15%	7.12%	4.6%
FCF yield	5.94%	9.7%	-10%	2.56%	1.79%	3.52%	3.98%	1.36%	4.51%	3.09%	2.34%
PEG	—	—	—	—	—	—	—	—	—	—	0.28

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	58.9%	48.4%	47.2%	56.3%	54.7%	55.5%	60.1%	61.2%	54.9%	48.1%	51.7%
Operating margin	8.74%	-0.46%	-26.8%	8.7%	12.7%	16.9%	26%	21.1%	20.5%	23.8%	23.7%
Net margin	7.1%	27.2%	-26.4%	10.5%	15.1%	22%	19.9%	17.3%	14.8%	18.5%	20.5%
ROE	6.05%	12.1%	-10.7%	5.11%	11.8%	20.6%	18%	15.6%	15%	24.2%	28.5%
ROA	5.44%	11.1%	-9.71%	4.8%	7.87%	18.7%	15.9%	9.57%	8.5%	15.1%	13.8%
ROIC	13.5%	-0.57%	-27%	11.1%	18.1%	23.8%	40.1%	10.6%	10.3%	18.3%	16.4%
Return on tangible assets	5.47%	11.2%	-9.74%	4.81%	7.91%	18.8%	16%	25.7%	39%	36.5%	78.4%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	8.22	10.2	8.56	13.5	2.43	7.16	7.16	5.42	4.77	3.04	2.97
Quick ratio	7.2	8.92	7.28	11.5	2.11	5.32	5.8	4.46	3.02	1.5	1.49
Debt / equity	0	—	—	—	0	0	0	0.51	0.6	0.37	0.7
Debt / assets	0	—	—	—	0	0	0	0.31	0.34	0.23	0.37
Net debt / EBITDA	-6.39	—	—	—	-3.95	-1.9	-2.23	1.88	2.31	0.84	1.39
Interest coverage	—	—	—	—	—	—	—	20.4	10.4	12.6	10.8
Effective tax rate	22.2%	5.15%	0%	0.1%	0%	0%	24.8%	21.1%	20.9%	21.7%	22.5%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	1.65	1	0.82	1.04	1.27	1.34	1.61	2	2.7	4.8	5.25
EPS (basic)	0.12	0.27	-0.22	0.11	0.19	0.29	0.32	0.35	0.4	0.89	0.89
EPS (diluted)	0.12	0.27	-0.22	0.11	0.19	0.29	0.32	0.35	0.4	0.88	1.14
Book value per share	1.94	2.25	2.03	2.15	1.64	1.43	1.78	2.22	2.67	3.68	4.31
FCF per share	0.19	0.35	-0.26	0.12	0.12	0.25	0.34	0.1	0.29	0.39	0.78
Cash per share	1.11	1.47	1.21	1.33	0.74	0.48	1	0.18	0.03	0.15	0.6
Capex per share	0.02	0.01	0.15	0	0.01	0.02	0.15	0.02	0.09	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.26%	0.91%	18.4%	0.46%	0.55%	1.48%	9.33%	0.86%	3.32%	—	—
Capex / operating cash flow	9.1%	2.38%	-128%	3.22%	5.88%	7.33%	42.8%	14.7%	45.5%	—	—
Payout ratio	—	—	—	0%	0%	390.7%	0%	0%	—	—	0%
Dividend yield	—	—	—	0%	0%	16.4%	0%	0%	—	—	—

Yield

—

trailing twelve months

Frequency

Annual

Last dividend

$0.50

ex-dividend Dec 18, 2020

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Dec 18, 2020	$0.50
Sep 14, 2020	$0.65
Dec 28, 2012	$1.50

Split history

Date	Ratio
Jul 8, 2005	3:2

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$13M	$9.3M	$10.7M	$11.8M	$15.4M	$16M	$21.9M	$24.1M	$22.2M	$21.8M	$22.4M	$26.7M
YoY change	+78.9%	+42.8%	+46.3%	+47.8%	+18.4%	+71.6%	+104.3%	+105.2%	+44.6%	+36.6%	+1.95%	+10.7%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	18.8M	24.7M	20.4M	22.4M	12.6M	8.3M	17.3M	3.1M	539K	2.7M
Receivables	4.5M	2.7M	3.4M	2.3M	4.4M	4M	4.3M	9.7M	12.6M	13M
Inventory	3.6M	4.2M	4.3M	4.5M	4.3M	4.5M	5.3M	6.1M	12.7M	25.8M
Total current assets	29.4M	34.2M	28.7M	30M	33.1M	17.7M	28.2M	34.7M	34.7M	50.7M
Property, plant & equipment	7M	6.7M	8.8M	8.4M	8.2M	8.2M	6.3M	2M	7.2M	7.8M
Goodwill & intangibles	142.4K	137.2K	137.2K	98.4K	225.7K	124.9K	120.7K	39.5M	64.5M	60.6M
Total assets	36.5M	41M	37.6M	38.6M	41.5M	27.1M	34.7M	63M	82.4M	103.4M
Accounts payable	1.5M	1.3M	1.5M	1.1M	790.9K	623.6K	708.8K	1.3M	2.3M	3.6M
Short-term debt	—	—	—	—	45.1K	14.3K	13.6K	2M	2.1K	2.4M
Total current liabilities	3.6M	3.4M	3.3M	2.2M	13.6M	2.5M	3.9M	6.4M	7.3M	16.7M
Long-term debt	0	—	—	—	0	28.7K	15.1K	17.5M	28M	21.7M
Total liabilities	3.6M	3.4M	3.5M	2.3M	13.8M	2.5M	4M	24.3M	35.7M	38.8M
Shareholders' equity	32.8M	37.6M	34.2M	36.2M	27.8M	24.6M	30.7M	38.6M	46.6M	64.6M
Total debt	0	—	—	—	45.1K	43K	28.7K	19.5M	28M	24.1M
Net debt	-18.8M	—	—	—	-12.6M	-8.2M	-17.2M	16.4M	27.5M	21.4M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	3.1M	467.3K	574.1K	521K	539K	604.6K	1.2M	601.8K	2.7M	8.3M	6.8M	10.7M
Receivables	9.7M	5.6M	6.1M	7.3M	12.6M	7.7M	13.8M	11.5M	13M	14.5M	13.2M	16M
Inventory	6.1M	7.8M	9.1M	14.5M	12.7M	15.5M	18.9M	20.7M	25.8M	28.3M	28.1M	32.1M
Total current assets	34.7M	26.9M	24.5M	26.4M	34.7M	34.1M	41.5M	39.8M	50.7M	58.4M	53.2M	64.4M
Property, plant & equipment	2M	7.9M	12.5M	11.6M	7.2M	7.2M	7.2M	7M	7.8M	7.7M	8.8M	8.6M
Goodwill & intangibles	39.5M	38.9M	38.4M	40.3M	64.5M	63.5M	62.8M	61.7M	60.6M	59.3M	125.4M	123.6M
Total assets	63M	55.7M	57.6M	59.8M	82.4M	81.3M	89.9M	91.8M	103.4M	109.9M	138.3M	148M
Accounts payable	1.3M	1.5M	2.6M	3.3M	2.3M	1.9M	4.7M	5.1M	3.6M	7.5M	4.5M	9.8M
Short-term debt	2M	10.6M	10.7M	9.9M	2.1K	—	—	—	2.4M	2.4M	5.6M	5.6M
Total current liabilities	6.4M	15.4M	15.8M	16.2M	7.3M	6.5M	8.5M	11.3M	16.7M	19.7M	16.5M	21.7M
Long-term debt	17.5M	—	—	—	28M	26.5M	27.4M	23.3M	21.7M	21.1M	49.3M	48.7M
Total liabilities	24.3M	15.8M	16.2M	16.6M	35.7M	33.5M	36.4M	35M	38.8M	41.2M	66.2M	70.8M
Shareholders' equity	38.6M	39.9M	41.4M	43.2M	46.6M	47.8M	53.5M	56.8M	64.6M	68.7M	72.1M	77.2M
Total debt	19.5M	10.6M	10.7M	9.9M	28M	26.5M	27.4M	23.3M	24.1M	23.5M	54.9M	54.3M
Net debt	16.4M	10.2M	10.1M	9.3M	27.5M	25.9M	26.2M	22.7M	21.4M	15.2M	48.2M	43.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	2M	4.6M	-3.7M	1.9M	3.3M	5.1M	5.5M	6M	7M	15.6M
Depreciation & amortization	493.4K	449.2K	436.2K	451.3K	433.5K	432.2K	368.5K	697.9K	2.1M	3.7M
Stock-based compensation	251.4K	191.7K	200K	173.5K	177.3K	341.3K	339.9K	1.5M	1M	2.3M
Change in working capital	647.7K	1.1M	964.1K	-46.4K	-1.9M	106K	-1.2M	-6.2M	-5.5M	-10.3M
Operating cash flow	3.9M	6.4M	-2M	2.5M	2M	4.7M	6.1M	2M	3.4M	13.3M
Capital expenditure	-351.7K	-153K	-2.5M	-81.3K	-118.8K	-340.7K	2.6M	-298.4K	1.6M	—
Investing cash flow	-351.7K	-153K	-2.5M	-81.3K	-118.8K	-340.7K	2.6M	-36.2M	-16.9M	0
Dividends paid	—	—	—	0	0	-19.8M	0	0	—	—
Share repurchases	-724.8K	0	0	0	—	—	—	—	—	—
Financing cash flow	-724.8K	0	0	0	-880.5K	-19.8M	0	19.5M	8.5M	-4.6M
Net change in cash	2.8M	6.3M	-4.5M	2.4M	1M	-15.5M	8.6M	-14.6M	-4.9M	8.7M
Free cash flow	3.2M	5.9M	-4.3M	2M	2.1M	4.3M	5.9M	1.8M	5.1M	6.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	2.6M	1.1M	1.2M	1.6M	3.2M	736.2K	5.3M	2.4M	7.1M	4.1M	3.4M	4.5M
Depreciation & amortization	439.1K	411.4K	414.7K	611.2K	660.7K	1.4M	637.6K	820.4K	908.7K	1M	859.7K	1.4M
Stock-based compensation	219.8K	205.7K	269.3K	250.9K	277.3K	396.7K	405K	832.1K	702.4K	915.9K	496.3K	654.5K
Change in working capital	-3.7M	2.6M	-757.1K	-1.7M	-5.7M	682K	-3.8M	3.6M	-10.7M	3.5M	847K	-2.3M
Operating cash flow	171.3K	3.6M	1.1M	800.4K	-2.1M	3M	2.3M	7.2M	3M	8.2M	2.3M	5.1M
Capital expenditure	-133.3K	2M	-125.7K	-203.3K	-145.9K	-261.4K	-1.6M	—	—	—	—	—
Investing cash flow	-133.3K	2M	-125.7K	-203.3K	-14.3M	-261.4K	-1.6M	—	—	—	—	0
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	0	-17.7M	31.4K	-783.8K	18.2M	-1.5M	888.8K	-4.1M	1.1M	-1.5M	-1.2M	-683.5K
Net change in cash	38K	-12M	1M	-186.7K	1.7M	1.2M	1.6M	3.1M	4.1M	6.7M	1.1M	4.4M
Free cash flow	1M	4M	75.4K	730.8K	299.5K	1.6M	-267.7K	3.5M	2M	7M	666.8K	4.6M

Innovative Solutions & Support Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement