Valuation, from the filing
| Public float | $81.80M | Market value of stock held by non-affiliates, as stated on the cover page for 2025-03-31 |
|---|---|---|
| Float per share | $4.60 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 5.2× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 1.0× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 1.3× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-03-31, not today, and each multiple below it uses the figures for the fiscal year ending 2025-09-30 — the year that filing covered.
Valuation over time
5.2× earnings today, against a median of 15.9× across 6 years on record. Below its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-03-31 | $81.80M | 5.2× | |
| 2024-03-31 | $112.20M | 16.0× | |
| 2023-03-31 | $95.20M | 15.8× | |
| 2022-03-31 | $106.10M | 19.2× | |
| 2021-03-31 | $83.40M | 16.5× | |
| 2020-03-31 | $41.40M | 12.7× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Services-Computer Programming Services filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| Net margin | 18.5% | 95th | |
| Operating margin | 23.8% | 90th | |
| R&D / revenue | 4.7% | 15th | |
| Revenue YoY growth | 78.6% | 83th | |
| CapEx / revenue | 7.7% | 80th | |
| Current ratio | 3.04x | 80th | |
| Effective tax rate | 21.7% | 25th | |
| SBC / revenue | 2.8% | 25th | |
| FCF margin | 8.1% | 67th | |
| Gross margin | 48.1% | 45th |
INNOVATIVE SOLUTIONS & SUPPORT INC (IA) reported revenue of $93.15M and net income of $19.09M for the fiscal year ended 2026-06-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from INNOVATIVE SOLUTIONS & SUPPORT INC’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Computer Programming Services.
Income
| Metric | 2026-06-30 |
|---|---|
| Revenue | $93.15M |
| Cost of revenue | $41.97M |
| Gross profit | $51.18M |
| Operating income | $25.49M |
| Net income | $19.09M |
| Research & development | $6.09M |
| Weighted-average diluted shares | Unavailable |
| Pretax income | $24.64M |
| Income tax expense | $5.54M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | $19.59M |
| General & administrative | Unavailable |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-06-30 |
|---|---|
| Cash & equivalents | $10.69M |
| Total assets | $147.96M |
| Current assets | $64.43M |
| Total liabilities | $70.76M |
| Current liabilities | $21.69M |
| Total equity incl. NCI | $77.20M |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | $32.08M |
| Accounts receivable | $15.98M |
| Goodwill | $15.77M |
| Long-term debt | $48.67M |
| Accounts payable | $9.82M |
Cash flow
| Metric | 2026-06-30 |
|---|---|
| Operating cash flow | $18.51M |
| Capital expenditures | $4.22M |
| Investing cash flow | -$37.22M |
| Financing cash flow | $28.80M |
| Net change in cash | $10.09M |
| Stock-based compensation | $2.77M |
| Common dividends paid | Unavailable |
| Common share repurchases | Unavailable |
| Depreciation & amortization | $4.15M |
Derived
| Metric | 2026-06-30 |
|---|---|
| Free cash flow | $14.29M |
| Gross margin | 54.9% |
| Operating margin | 27.4% |
| FCF margin | 15.3% |
| SBC / revenue | 3.0% |
| Current ratio | 2.97x |
| Revenue YoY growth | 20.3% |
| Net margin | 20.5% |
| R&D / revenue | 6.5% |
| CapEx / revenue | 4.5% |
| Long-term debt / equity | 0.63x |
| Effective tax rate | 22.5% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open IA in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.