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Midas Edge

INNOVATIVE SOLUTIONS & SUPPORT INC

For the period ended Sep 30, 2025. Filed Dec 23, 2025.

View on SEC.gov

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Dec 23, 2025

IA$21.30+9.5%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Consolidated Balance Sheets

​​​​​​​
​ · ​ ​ ​ · September 30, · ​ ​ ​ · September 30,
​ · ​ · 2025 · ​ · 2024
ASSETS​​​​​​
Current assets​​​​​​
Cash and cash equivalents​$2,693,595​$538,977
Accounts receivable​12,956,476​12,612,482
Contract assets​5,320,353​1,680,060
Inventories​​25,802,181​12,732,381
Prepaid inventory​​2,562,297​​5,960,404
Prepaid expenses and other current assets​1,392,398​1,161,394
​​​​​​​
Total current assets​​50,727,300​​34,685,698
​​​​​​​
Goodwill​​6,703,104​​5,213,104
Intangible assets, net​​23,582,615​​27,012,292
Property and equipment, net​18,804,536​13,372,298
Deferred income taxes​​2,824,132​​1,625,144
Other assets​718,466​473,725
​​​​​​​
Total assets​$103,360,153​$82,382,261
​​​​​​​
LIABILITIES AND SHAREHOLDERS’ EQUITY​​​​​​
Current liabilities​​​​​​
Current portion of long-term debt​$2,438,802​$—
Accounts payable​​3,578,411​​2,315,479
Accrued expenses​8,161,967​4,609,294
Contract liability​​2,481,929​​340,481
​​​​​​​
Total current liabilities​​16,661,109​​7,265,254
​​​​​​​
Long-term debt​​21,700,005​​28,027,002
Other liabilities​​396,497​​451,350
​​​​​​​
Total liabilities​​38,757,611​​35,743,606
​​​​​​​
Commitments and contingencies (See Note 16)​​​​​​
​​​​​​​
Shareholders’ equity​​​​​​
​​​​​​​
Preferred stock, 10,000,000 shares authorized, $.001 par value, of which 200,000 shares are authorized as Class A Convertible stock. No shares issued and outstanding at September 30, 2025 and September 30, 2024​—​—
Common stock, $.001 par value: 75,000,000 shares authorized, 17,970,453 and 17,842,245 issued at September 30, 2025 and September 30, 2024, respectively​​17,631​​17,503
Additional paid-in capital​39,751,130​37,415,031
Retained earnings​28,294,753​12,667,093
Treasury stock, at cost, 339,644 shares at September 30, 2025 and at September 30, 2024, respectively​(3,460,972)​(3,460,972)
​​​​​​​
Total shareholders’ equity​​64,602,542​​46,638,655
Total liabilities and shareholders’ equity​$103,360,153​$82,382,261
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.