Saturday 17 October 2026 Export IA’s income statement to Excel — free account

Innovative Solutions and Support, Inc.

Innovative Solutions and Support, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $84.3 million, up 78.6% from fiscal 2024. In the quarter to June 2026, revenue grew 10.7%, EPS grew 78.6%, free cash flow grew 31.1% and total debt rose 133.5%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.

19.35 0.46 +2.44%

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Market cap: $338.1M
P/E: 18.1×
Fwd P/E: 20.7×
Dividend yield: —
F-score: 5/9
Altman Z: 5.63
Beneish M: −2.01
Dividend safety: n/a

Overview Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 4.88%

Capital & Financial Ratios $m

Market Cap 338.12

Revenue 93.15

Net Income 19.09

Free Cash Flow 14.29

Net Debt 43.62

Current Ratio 2.97

Debt/Equity 0.70

P/E ratio 18.08

Fwd P/E 20.70

P/S ratio 3.71

P/B ratio 4.48

Past 5Y EPS Growth 35.88%

This Y EPS Growth 21.02%

Next Y EPS Growth 2.82%

Next Y revenue growth 18.24%

Next 5Y EPS Growth 14.18%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 26.01%

10-year low 10-year high

P/S against its own 10 years 50.20%

10-year low 10-year high

P/B against its own 10 years 77.07%

10-year low 10-year high

EV/Sales against its own 10 years 67.82%

10-year low 10-year high

EV/FCF against its own 10 years 64.38%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2020	0.00	0.65 0.50
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	3	1	3	11
Receivables	10	13	13	16
Inventory	6	13	26	32
Other	3	2	5	2
	35	35	51	64

	2023	2024	2025	Q'26
Payables	1	2	4	10
ST’ Debt	2	—	2	6
Other	0	0	2	1
	6	7	17	22

Compound Annual Growth %

	10y	5y	3y
Sales	15.43%	31.31%	44.84%
Cash Flow	25.24%	43.42%	29.72%
Earnings	0.00%	36.73%	41.43%
Book Value	7.50%	18.40%	28.08%

Revenue $m

	Dec	Mar	Jun	Sep	Year
’26	22	22	27	—	—
’25	16	22	24	22	84
’24	9	11	12	15	47
’23	7	7	8	13	35
’22	7	7	7	7	28
’21	5	5	6	7	23
’20	5	5	6	6	22

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	8	2	5	—	—
’25	2	1	7	3	13
’24	4	0	1	0	6
’23	2	0	(1)	1	2
’22	2	2	3	0	6
’21	2	1	1	1	5
’20	0	0	0	2	2

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	7	1	5	—	—
’25	2	0	4	2	7
’24	6	0	1	(4)	3
’23	2	0	(1)	1	2
’22	1	2	3	2	9
’21	2	0	1	1	4
’20	0	0	0	2	2

Fiscal quarters ending in the months shown.

EPS $

	Dec	Mar	Jun	Sep	Year
’26	0.22	0.19	0.25	—	—
’25	0.04	0.30	0.14	0.39	0.88
’24	0.06	0.07	0.09	0.18	0.40
’23	0.04	0.07	0.08	0.15	0.35
’22	0.07	0.08	0.08	0.10	0.32
’21	0.01	0.04	0.16	0.09	0.29
’20	0.02	0.03	0.07	0.07	0.19

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	2.35	2.60	2.02	2.05	1.20	5.34	5.77	6.11	4.91	5.30	Analyst estimates 2026–2028 Powerpack
	High	3.99	4.54	3.80	7.11	8.24	7.94	9.90	9.00	8.97	20.39
People
People	Employees	91	93	55	71	86	85	81	98	133	147
	Revenue/emp, $m	0.31	0.18	0.25	0.25	0.25	0.27	0.34	0.36	0.35	0.57
Income, $m
Income, $m	Revenue	28	17	14	18	22	23	28	35	47	84
	Gross margin, %	58.95	48.36	47.21	56.32	54.65	55.46	60.11	61.22	54.90	48.06
	EBT	3	5	(4)	2	3	4	7	8	9	20
	EBT margin, %	9.14	28.69	(25.92)	10.54	13.71	17.26	26.47	21.94	18.75	23.67
	Net income	2	5	(4)	2	3	5	6	6	7	16
	Depreciation	0	0	0	0	0	0	0	1	2	4
Per share, $
Per share, $	Revenue	1.65	1.00	0.82	1.04	1.27	1.34	1.61	2.00	2.70	4.80
	Earnings	0.12	0.27	(0.22)	0.11	0.19	0.29	0.32	0.35	0.40	0.89
	Cash flow	0.21	0.36	(0.10)	0.12	0.13	0.27	0.35	0.12	0.33	0.76
	Capex	(0.02)	(0.01)	(0.15)	0.00	(0.01)	(0.02)	0.15	(0.02)	(0.15)	(0.37)
	Free cash flow	0.19	0.35	(0.26)	0.12	0.12	0.25	0.50	0.10	0.18	0.39
	Book value	1.94	2.25	2.03	2.15	1.64	1.43	1.78	2.22	2.67	3.68
	Shares, m	17	17	17	17	17	17	17	17	17	18
Valuation, ×
Valuation, ×	P/E	28.13	13.43	0.00	42.73	36.00	23.09	26.15	22.41	16.30	14.19
	P/S	1.93	3.63	2.99	4.51	5.37	5.25	5.37	3.81	2.41	2.60
	P/B	1.64	1.62	1.21	2.19	4.17	4.92	4.84	3.43	2.44	3.40
	EV/Sales	1.26	2.16	1.51	3.24	4.27	4.89	4.75	4.28	3.20	2.86
	EV/FCF	10.97	6.13	(4.88)	28.07	44.43	26.51	15.17	82.92	48.54	35.48
Cash, $m
Cash, $m	Operating cash flow	4	6	(2)	2	2	5	6	2	6	13
	Capex	0	0	(3)	0	0	0	3	0	(3)	(7)
	Free cash flow	3	6	(4)	2	2	4	9	2	3	7
Balance, $m
Balance, $m	Working capital	26	31	25	28	19	15	24	28	27	34
	Total debt	—	—	—	—	0	0	0	20	28	24
	Net debt	(19)	(25)	(20)	(22)	(24)	(8)	(17)	16	27	21
	Shareholders’ equity	33	38	34	36	28	25	31	39	47	65
Returns, %
Returns, %	ROA	5.47	11.79	(9.29)	4.86	8.16	14.76	17.88	12.34	9.63	16.83
	ROIC	10.84	(0.38)	(16.85)	6.93	42.59	14.90	33.33	8.36	8.15	14.58
	ROE	6.19	12.97	(10.18)	5.26	10.22	19.35	19.96	17.37	16.41	28.10

Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SWBI Smith & Wesson Brands, Inc.	$634.9M	26.2×	30.6×	+32.34% (above 0%: growing)	n/m	−67.46% (below 0%: shrinking)	28.66%	3.75%	Compare
SATL Satellogic Inc.	$631.9M	— (loss-making)	— (loss-making)	+258.54% (above 0%: growing)	n/m	−178.72% (below 0%: shrinking)	82.27%	1.67%	Compare
EVEX Eve Holding, Inc.	$582.0M	— (loss-making)	—	—	n/m	+13.25% (above 0%: growing)	0.00%	0.00%	Compare
PKE Park Aerospace Corp.	$578.8M	36.5×	— (loss-making)	+26.92% (above 0%: growing)	+75.00% (above 0%: growing)	+21.48% (above 0%: growing)	34.32%	22.76%	Compare
TATT TAT Technologies Ltd.	$418.7M	20.4×	28.7×	+22.81% (above 0%: growing)	+106.67% (above 0%: growing)	−146.68% (below 0%: shrinking)	25.16%	10.62%	Compare
SPCE Virgin Galactic Holdings, Inc.	$391.1M	— (loss-making)	— (loss-making)	−67.00% (below 0%: shrinking)	n/m	+20.27% (above 0%: growing)	100.00%	(48,452.24%)	Compare
IA Innovative Solutions and Support, Inc.	$338.1M	18.1×	20.7×	+10.72% (above 0%: growing)	+78.57% (above 0%: growing)	+31.13% (above 0%: growing)	51.65%	22.55%
POWW Outdoor Holding Company	$249.5M	72.7×	— (loss-making)	+22.12% (above 0%: growing)	n/m	−89.37% (below 0%: shrinking)	84.55%	22.76%	Compare
EH EHang Holdings Limited Unsponsored ADR	$219.5M	— (loss-making)	— (loss-making)	−44.12% (below 0%: shrinking)	n/m	−1,807.06% (below 0%: shrinking)	61.24%	(169.14%)	Compare
Median of peers	$498.7M	31.4×	—	+22.81%	—	−78.41%	47.78%	2.71%

All 82 Aerospace & Defense stocks →

Innovative Solutions and Support, Inc. (IA) key facts

Strength: Innovative Solutions and Support, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $84.3 million, up 78.6% from fiscal 2024.
Innovative Solutions and Support, Inc. (IA) is an Aerospace & Defense company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, IA traded at $19.35, a market capitalization of $338.1 million.
Return on equity was 28.1% and debt-to-equity 0.70.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 5.63 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.