Innovative Aerosystems Inc (ISSC)

Name: Innovative Aerosystems Inc Financial Statements
Creator: Quarter Results

Industrials | Aerospace Defense

Latest reporting period: 2025-12-31

Latest Quarter

2025-12-31

Revenue

$21.8M

Net Income

$4.1M

Operating Margin

28.9%

Free Cash Flow

$6.8M

Debt / Assets

37.5%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Innovative Aerosystems Inc (ISSC).
Income Statement (Quarterly)	2025-12-31	2025-03-31	2024-12-31	2024-09-30
Revenue	21,807,083	21,936,214	15,968,729	15,384,806
Cost of Revenue	9,922,813	10,668,991	9,358,272	6,856,561
Gross Profit	11,884,270	11,267,223	6,610,457	8,528,245
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	4,264,249	3,415,675	4,158,903	3,055,722
Operating Expenses	5,591,864	4,282,903	5,266,639	4,162,077
Operating Income	6,292,406	6,984,320	1,343,818	4,366,168
Interest Expense	496,071	-387,318	427,149	233,042
Income Before Tax	5,864,553	6,601,630	921,925	4,081,913
Income Tax Expense	1,805,490	1,265,288	185,733	901,719
Net Income	4,059,063	5,336,342	736,192	3,180,194
Per Share
EPS	0.23	0.30	0.04	0.18
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Innovative Aerosystems Inc (ISSC).
Income Statement (Annual)	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30
Revenue	84,296,889	47,198,020	34,808,513	27,740,695	23,044,796
Cost of Revenue	43,785,008	21,284,429	13,497,442	11,066,314	10,263,166
Gross Profit	40,511,881	25,913,591	21,311,071	16,674,381	12,781,630
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	16,447,805	12,114,069	10,413,544	6,753,915	6,257,732
Operating Expenses	20,439,891	16,252,054	13,543,062	9,459,055	8,880,651
Operating Income	20,071,990	9,661,537	7,768,009	7,215,326	3,900,979
Interest Expense	1,725,205	937,309	393,281	-126,283	1,234
Income Before Tax	19,951,463	8,851,560	7,635,272	7,341,609	3,977,119
Income Tax Expense	4,323,803	1,853,180	1,607,517	1,817,831	-1,087,783
Net Income	15,627,660	6,998,380	6,027,755	5,523,778	5,064,902
Per Share
EPS	0.89	0.40	0.35	0.32	0.29
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Innovative Aerosystems Inc (ISSC).
Balance Sheet (Quarterly)	2025-09-30	2024-09-30	2023-09-30	2022-09-30
Assets
Cash and Cash Equivalents	2,693,595	538,977	3,097,193	17,250,546
Short Term Investments	0	0	0	0
Net Receivables	18,276,829	14,292,542	10,230,853	4,460,199
Inventory	25,802,181	12,732,381	6,139,713	5,349,104
Total Current Assets	50,727,300	34,685,698	34,673,703	28,202,319
Property Plant Equipment	19,365,139	13,374,398	7,907,492	6,292,189
Goodwill and Intangibles	30,285,719	32,225,396	19,743,207	60,348
Total Assets	103,360,153	82,382,261	62,957,451	34,705,323
Liabilities
Account Payables	3,578,411	2,315,479	1,337,275	708,845
Short Term Debt	2,438,802	4,200	2,012,965	13,615
Total Current Liabilities	16,661,109	7,265,254	6,398,959	3,940,303
Long Term Debt	21,700,005	28,027,000	17,921,508	15,065
Total Liabilities	38,757,611	35,743,606	24,320,467	3,955,368
Shareholders Equity
Retained Earnings	28,294,753	12,667,093	5,668,713	-359,042
Total Shareholders Equity	64,602,542	46,638,655	38,636,984	30,749,955

Balance sheet annual history for Innovative Aerosystems Inc (ISSC).
Balance Sheet (Annual)	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30
Assets
Cash and Cash Equivalents	2,693,595	538,977	3,097,193	17,250,546	8,265,606
Short Term Investments	0	0	0	0	0
Net Receivables	18,276,829	14,292,542	10,230,853	4,460,199	4,046,337
Inventory	25,802,181	12,732,381	6,139,713	5,349,104	4,545,392
Total Current Assets	50,727,300	34,685,698	34,673,703	28,202,319	17,690,411
Property Plant Equipment	19,365,139	13,374,398	7,907,492	6,292,189	8,186,459
Goodwill and Intangibles	30,285,719	32,225,396	19,743,207	60,348	62,474
Total Assets	103,360,153	82,382,261	62,957,451	34,705,323	27,086,000
Liabilities
Account Payables	3,578,411	2,315,479	1,337,275	708,845	623,620
Short Term Debt	2,438,802	4,200	2,012,965	13,615	14,296
Total Current Liabilities	16,661,109	7,265,254	6,398,959	3,940,303	2,472,239
Long Term Debt	21,700,005	28,027,000	17,921,508	15,065	28,680
Total Liabilities	38,757,611	35,743,606	24,320,467	3,955,368	2,500,919
Shareholders Equity
Retained Earnings	28,294,753	12,667,093	5,668,713	-359,042	-5,882,820
Total Shareholders Equity	64,602,542	46,638,655	38,636,984	30,749,955	24,585,081

Cash flow quarterly history for Innovative Aerosystems Inc (ISSC).
Cash Flow Statement (Quarterly)	2025-09-30	2024-09-30	2023-09-30	2022-09-30
Operating Activities
Net Income	15,627,660	6,998,380	6,027,755	5,523,778
Depreciation & Amortization	3,733,721	2,097,942	697,943	368,499
Stock Based Compensation	2,336,227	1,003,292	1,450,428	339,942
Change in Working Capital	-7,180,717	-3,006,006	-6,178,163	36,629
Operating Cash Flow	13,303,318	5,796,222	2,096,174	6,094,440
Investing Activities
Capital Expenditure	-6,512,106	-657,790	-298,373	-161,230
Investments	-6,512,106	-657,790	-298,373	-161,230
Investing Cash Flow	-6,512,106	-16,881,440	-36,158,373	2,589,346
Financing Activities
Debt Repayment	-3,652,000	0	-500,000	0
Common Stock Issued/Repurchased	0	0	408,846	301,154
Dividends Paid	0	0	0	0
Financing Cash Flow	-4,636,594	8,527,002	19,908,846	301,154
Summary
Free Cash Flow	6,791,212	5,138,432	1,797,801	5,933,210
Net Change in Cash	2,154,618	-2,558,216	-14,153,353	8,984,940

Cash flow annual history for Innovative Aerosystems Inc (ISSC).
Cash Flow Statement (Annual)	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30
Operating Activities
Net Income	15,627,660	6,998,380	6,027,755	5,523,778	5,064,902
Depreciation & Amortization	3,733,721	2,097,942	697,943	368,499	432,176
Stock Based Compensation	2,336,227	1,003,292	1,450,428	339,942	341,330
Change in Working Capital	-7,180,717	-3,006,006	-6,178,163	36,629	48,048
Operating Cash Flow	13,303,318	5,796,222	2,096,174	6,094,440	4,592,499
Investing Activities
Capital Expenditure	-6,512,106	-657,790	-298,373	-161,230	-340,678
Investments	-6,512,106	-657,790	-298,373	-161,230	-340,678
Investing Cash Flow	-6,512,106	-16,881,440	-36,158,373	2,589,346	-340,678
Financing Activities
Debt Repayment	-3,652,000	0	-500,000	0	0
Common Stock Issued/Repurchased	0	0	408,846	301,154	0
Dividends Paid	0	0	0	0	-19,788,092
Financing Cash Flow	-4,636,594	8,527,002	19,908,846	301,154	-19,771,082
Summary
Free Cash Flow	6,791,212	5,138,432	1,797,801	5,933,210	4,251,821
Net Change in Cash	2,154,618	-2,558,216	-14,153,353	8,984,940	-15,519,261