Innovative Solutions & Support Inc (ISSC) Financial Statements
Industry: Computer Programming Services (Services)
In fiscal 2025, Innovative Solutions & Support reported revenue of $84.3M, up 78.6% from $47.2M the year before. Net income was $15.6M (a 18.5% net margin), or $0.88 per diluted share. Gross margin was 48.1% and operating margin was 23.8%. Operating activities generated $13.3M of cash, leaving $6.8M of free cash flow. At fiscal year end, Innovative Solutions & Support held $103.4M in total assets against $38.8M in total liabilities, including $2.7M of cash and equivalents.
Open the full interactive Innovative Solutions & Support financials → Quarterly statements, key ratios, valuation history and price charts.
Innovative Solutions & Support Key Stats
| Share Price | $19.54 |
|---|---|
| Market Cap | $357.0M |
| P/E Ratio | 22.2 |
| Revenue YoY Growth | +78.6% |
| 52-Week Range | $8.32 – $30.56 |
| Shares Outstanding | 17.9 million (basic, 2026 Q3) |
Innovative Solutions & Support Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $21.6M | $23.0M | $27.7M | $34.8M | $47.2M | $84.3M |
| Cost of Goods Sold | $9.8M | $10.3M | $11.1M | $13.5M | $21.3M | $43.8M |
| Gross Profit | $11.8M | $12.8M | $16.7M | $21.3M | $25.9M | $40.5M |
| Operating Income | $2.7M | $3.9M | $7.2M | $7.4M | $9.7M | $20.1M |
| Pre-Tax Income | $3.0M | $4.0M | $7.3M | $7.6M | $8.9M | $20.0M |
| Income Tax | -$308,882 | -$1.1M | $1.8M | $1.6M | $1.9M | $4.3M |
| Net Income | $3.3M | $5.1M | $5.5M | $6.0M | $7.0M | $15.6M |
| Diluted EPS | $0.19 | $0.29 | $0.32 | $0.35 | $0.40 | $0.88 |
Innovative Solutions & Support Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $22.2M | $21.8M | $22.4M | $26.7M |
| Net Income | $7.1M | $4.1M | $3.4M | $4.5M |
| Diluted EPS | $0.40 | $0.22 | $0.19 | $0.25 |
Innovative Solutions & Support Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $12.6M | $8.3M | $17.3M | $3.1M | $538,977 | $2.7M |
| Current Assets | $33.1M | $17.7M | $28.2M | $34.7M | $34.7M | $50.7M |
| Total Assets | $41.5M | $27.1M | $34.7M | $63.0M | $82.4M | $103.4M |
| Current Liabilities | $13.6M | $2.5M | $3.9M | $6.4M | $7.3M | $16.7M |
| Total Long-Term Debt | — | — | — | $19.5M | $28.0M | $24.1M |
| Total Liabilities | $13.8M | $2.5M | $4.0M | $24.3M | $35.7M | $38.8M |
| Shareholders' Equity | $27.8M | $24.6M | $30.7M | $38.6M | $46.6M | $64.6M |
Innovative Solutions & Support Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $2.2M | $4.6M | $6.1M | $2.1M | $5.8M | $13.3M |
| Cash From Investing | -$118,797 | -$340,678 | $2.6M | -$36.2M | -$16.9M | -$6.5M |
| Cash From Financing | -$705,333 | -$19.8M | $301,154 | $19.9M | $8.5M | -$4.6M |
| Free Cash Flow | $2.1M | $4.3M | $5.9M | $1.8M | $5.1M | $6.8M |
| Dividends Paid | — | $19.8M | — | — | — | — |
Figures from Innovative Solutions & Support's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Innovative Solutions & Support financials page for every line item.
Innovative Solutions & Support Company Profile
| Ticker | ISSC |
|---|---|
| Exchange | Nasdaq |
| Industry | Computer Programming Services (Services) |
| Headquarters | Exton, Pennsylvania |
| Incorporated in | Pennsylvania |
| Fiscal Year End | September 30 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000836690 |
Frequently Asked Questions
What was Innovative Solutions & Support's revenue in fiscal 2025?
Innovative Solutions & Support (ISSC) reported revenue of $84.3M for fiscal 2025.
What is Innovative Solutions & Support's annual revenue history?
Innovative Solutions & Support's annual revenue by fiscal year: 2020: $21.6M; 2021: $23.0M; 2022: $27.7M; 2023: $34.8M; 2024: $47.2M; 2025: $84.3M.
What was Innovative Solutions & Support's net income in fiscal 2025?
Innovative Solutions & Support reported net income of $15.6M for fiscal 2025.
What was Innovative Solutions & Support's earnings per share (EPS) in fiscal 2025?
Innovative Solutions & Support's diluted EPS was $0.88 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Innovative Solutions & Support generate in fiscal 2025?
Innovative Solutions & Support generated $6.8M of free cash flow in fiscal 2025.
What was Innovative Solutions & Support's revenue last quarter?
In its most recent reported quarter (2026 Q3), Innovative Solutions & Support reported revenue of $26.7M.
How much debt does Innovative Solutions & Support have?
Innovative Solutions & Support reported $24.1M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Innovative Solutions & Support are outstanding?
Innovative Solutions & Support reported a weighted average of 17.9 million basic shares outstanding in 2026 Q3.
What is Innovative Solutions & Support's market cap?
Based on its latest closing price, Innovative Solutions & Support (ISSC) has a market capitalization of about $357.0M.
When does Innovative Solutions & Support's fiscal year end?
Innovative Solutions & Support's fiscal year end, as registered with the SEC, is September 30.
Where is Innovative Solutions & Support headquartered?
Innovative Solutions & Support lists its business address in Exton, Pennsylvania in its SEC filings.
Innovative Solutions & Support Competitors & Similar Companies
See all 15 Computer Programming Services (Services) companies →