INNOVATIVE SOLUTIONS & SUPPORT INC
ISSCNasdaqTechnology · Services-Computer Programming Services · PA · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $84.3M | $47.2M | $34.8M | $27.7M | $23.0M | $21.6M |
| Operating income | $20.1M | $9.7M | $7.4M | $7.2M | $3.9M | $2.7M |
| Net income | $15.6M | $7.0M | $6.0M | $5.5M | $5.1M | $3.3M |
| Total assets | $103.4M | $82.4M | $63.0M | $34.7M | $27.1M | $41.5M |
| Total liabilities | $38.8M | $35.7M | $24.3M | $4.0M | $2.5M | $13.8M |
| Equity | $64.6M | $46.6M | $38.6M | $30.7M | $24.6M | $27.8M |
| EPS (diluted) | $0.88 | $0.40 | $0.35 | $0.32 | $0.29 | $0.19 |
| Shares out. | 17.8M | 17.5M | 17.4M | 17.3M | 17.2M | 17.2M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 23.8%
- Net margin
- 18.5%
- Return on equity
- 24.2%
- Return on assets
- 15.1%
- Return on capital (ROCE)
- 23.2%
- Liabilities / assets
- 37.5%
- Debt / equity
- 0.60×
- Book value / share
- $3.64
- Revenue growth (YoY)
- 78.6%
- Net income growth (YoY)
- 123.3%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 6.11safe
- Accruals / assets
- 2.2%clean
- Beneish M-Score
- -2.01normal
- Piotroski F-Score
- 6/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 7 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating margin is positive
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Dec 27, 2023
- NT 10-Kmissed a reporting deadline ↗Dec 29, 2015
- NT 10-Qmissed a reporting deadline ↗Feb 10, 2015
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Harborne ChristopherActivist (13D)Jul 15, 2025
- Gilboy Kevin PPassive (13G)Jan 3, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 398,347 | 1.0 | -3.9% |
| Apr 30, 2026 | 414,616 | 1.0 | -40.1% |
| Apr 15, 2026 | 691,727 | 1.3 | +37.9% |
| Mar 31, 2026 | 501,688 | 1.0 | -39.9% |
| Mar 13, 2026 | 834,320 | 1.0 | +26.4% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 14, 2026
- Shareholder voteApr 17, 2026
- Entered a material agreement · Completed an acquisition or disposition · Other material eventApr 2, 2026
- Results of operationsFeb 12, 2026
- Results of operationsDec 18, 2025
- Director / officer change · Other material eventOct 28, 2025
- Results of operationsAug 14, 2025
- Entered a material agreement · New financial obligation · Other material eventJul 22, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 4OWNERSHIP DOCUMENTMay 21, 2026
- 4OWNERSHIP DOCUMENTMay 20, 2026
- 4OWNERSHIP DOCUMENTMay 20, 2026
- 10-QMay 15, 2026
- 8-KMay 14, 2026
- 4/AOWNERSHIP DOCUMENTMay 1, 2026
- 4/AOWNERSHIP DOCUMENTMay 1, 2026
- 4OWNERSHIP DOCUMENTApr 20, 2026
- 4OWNERSHIP DOCUMENTApr 20, 2026
- 4OWNERSHIP DOCUMENTApr 20, 2026
- 4OWNERSHIP DOCUMENTApr 20, 2026
- 4OWNERSHIP DOCUMENTApr 20, 2026
- 4OWNERSHIP DOCUMENTApr 20, 2026
- 8-KFORM 8-KApr 17, 2026
- 4OWNERSHIP DOCUMENTApr 10, 2026
Event-driven situations (1)
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