Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
IAInnovative Solutions & Support Inc
Every company that sells shares in the US files four statements with the SEC. Together they show whether Innovative Solutions & Support made money, what it owns and owes, where its cash went, and what changed for its shareholders. Below is every line exactly as Innovative Solutions & Support filed it, with what each one means in plain English.
As filed with the SEC on Dec 23, 2025 · the full report · SEC's figures viewer
Income statement · also called the statement of operations, statement of earnings or profit and loss
Read it from the top down. It starts with everything customers paid (sales), takes away the cost of making what was sold, then the costs of running the company, then interest and tax. What is left at the bottom is profit (net income), the part that belongs to shareholders. It covers a stretch of time: a year, or a quarter.
Out of every $100 of sales
| Line (tap for what it means) | 12 months to Sep 30, 2025 | 12 months to Sep 30, 2024 | 12 months to Sep 30, 2023 |
|---|---|---|---|
| Net Sales | |||
| $84.3M▲ 79% | $47.2M | $34.8M | |
| Cost of sales | |||
| $43.8M▲ 106% | $21.3M | $13.5M | |
| $40.5M▲ 56% | $25.9M | $21.3M | |
| Operating expenses | |||
| $4.0M▼ 3.5% | $4.1M | $3.1M | |
| $16.4M▲ 36% | $12.1M | $10.8M | |
| $20.4M▲ 26% | $16.3M | $14.0M | |
| $20.1M▲ 108% | $9.7M | $7.4M | |
| −$1.7M▼ 84% | −$937.3K | −$393.3K | |
| $18.9K▼ 85% | $127.3K | $518.2K | |
| $1.6M | – | $151.3K | |
| $20.0M▲ 125% | $8.9M | $7.6M | |
| $4.3M▲ 133% | $1.9M | $1.6M | |
| $15.6M▲ 123% | $7.0M | $6.0M | |
| Net income per common share | |||
| $0.89▲ 122% | $0.40 | $0.35 | |
| $0.88▲ 120% | $0.40 | $0.35 | |
| Weighted average shares outstanding | |||
| 17.6M shares▲ 0.6% | 17.5M shares | 17.4M shares | |
| 17.8M shares▲ 2.0% | 17.5M shares | 17.4M shares | |
| Product | |||
|---|---|---|---|
| Sales, including sales taxes collected (Total net sales) | $54.1M | $24.3M | $22.6M |
| Cost of making what it sold (Total cost of sales) | $27.4M | $10.6M | $9.7M |
| Services | |||
| Sales, including sales taxes collected (Total net sales) | $30.2M | $22.9M | $12.2M |
| Cost of making what it sold (Total cost of sales) | $16.3M | $10.7M | $3.8M |
Every line as the company filed it (USD ($)), shown in full dollars. See this statement on SEC.