INNOVATIVE SOLUTIONS & SUPPORT INC
For the period ended Sep 30, 2025. Filed Dec 23, 2025.
View on SEC.govAbout 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$21.53+1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| · · For the Fiscal Year Ended September 30, | |||||||||
| · · 2025 · · 2024 · · 2023 | |||||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | | | | | |
| Net income | | $15,627,660 | | $6,998,380 | | $6,027,755 | |||
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
| Depreciation and amortization | | 3,733,721 | | 2,097,942 | | 697,943 | |||
| Share-based compensation | | 2,336,227 | | 1,003,292 | | 1,450,428 | |||
| Amortization of loan fees | | | 40,269 | | | — | | | — |
| Impairment of long-lived assets | | | — | | | — | | | 44,400 |
| Gain on disposal of property and equipment | | — | | (160,577) | | — | |||
| Deferred income taxes | | (1,253,842) | | (1,136,809) | | 9,503 | |||
| (Increase) decrease in: | | | | | | | | | |
| Accounts receivable | | (343,994) | | (2,868,768) | | (5,446,257) | |||
| Contract assets | | (3,640,294) | | (1,192,921) | | (324,397) | |||
| Inventories | | (9,671,694) | | (2,338,176) | | (834,917) | |||
| Prepaid expenses and other current assets | | (479,118) | | 811,669 | | 69,458 | |||
| Other non-current assets | | (4,771) | | (294,969) | | (101,356) | |||
| Increase (decrease) in: | | | | | | | | | |
| Accounts payable | | 1,262,932 | | 978,203 | | 628,430 | |||
| Accrued expenses | | 2,703,836 | | 624,346 | | 203,754 | |||
| Income taxes payable | | 850,938 | | 1,077,488 | | (257,055) | |||
| Contract liabilities | | 2,141,448 | | 197,122 | | (115,823) | |||
| Net cash provided by operating activities | | 13,303,318 | | 5,796,222 | | 2,096,174 | |||
| | | | | | | | | | |
| CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | | | | | |
| Purchases of property and equipment | | (6,512,106) | | (657,790) | | (298,373) | |||
| Acquisition of assets | | | — | | | (4,249,460) | | | — |
| Acquisition of a business | | — | | (14,200,000) | | (35,860,000) | |||
| Proceeds from the sale of property and equipment | | | — | | | 2,225,810 | | | — |
| Net cash (used in) investing activities | | (6,512,106) | | (16,881,440) | | (36,158,373) | |||
| | | | | | | | | | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | | | | | |
| Debt proceeds | | | — | | | 52,352,827 | | | 20,000,000 |
| Debt payments | | | (28,027,002) | | | (43,825,825) | | | (500,000) |
| Initial Term Loan debt proceeds | | | 25,000,000 | | | — | | | — |
| Initial Term Loan principal payments | | | (625,000) | | | — | | | — |
| Proceeds from exercise of stock options | | — | | — | | 408,846 | |||
| Payments of debt issuance costs | | | (984,592) | | | — | | | — |
| Net cash (used in) provided by financing activities | | (4,636,594) | | 8,527,002 | | 19,908,846 | |||
| | | | | | | | | | |
| Net increase (decrease) in cash and cash equivalents | | 2,154,618 | | (2,558,216) | | (14,153,353) | |||
| Cash and cash equivalents, beginning of year | | 538,977 | | 3,097,193 | | 17,250,546 | |||
| | | | | | | | | | |
| Cash and cash equivalents, end of year | | $2,693,595 | | $538,977 | | $3,097,193 | |||
| | | | | | | | | | |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | | | | | | | | | |
| Cash paid for income taxes | | $4,726,707 | | $1,913,456 | | $1,855,069 | |||
| Cash paid for interest | | | 1,536,956 | | | 847,085 | | | 260,889 |
| | | | | | | | | | |
| SUPPLEMENTAL DISCLOSURE OF NONCASH INFORMATION | | | | | | | | | |
| Transfer from prepaid inventory to inventory | | $3,398,107 | | | 4,254,492 | | | — | |
| Transfer from prepaid inventory to purchases of property and equipment | | | — | | | 3,327,000 | | | — |
| Transfer from prepaid inventory to goodwill | | | — | | | 516,580 | | | — |
| Transfer from prepaid inventory to intangible assets, net | | | — | | | 800,000 | | | — |
| Transfer from prepaid expenses and other current assets to PP&E | | | 119,647 | | | — | | | — |
| Transfer from other assets to PP&E | | | 318,534 | | | — | | | — |
| Transfer from intangible assets to goodwill | | | 1,490,000 | | | — | | | — |
| Transfer from prepaid expenses to intangible assets | | | 275,995 | | | — | | | — |
**INNOVATIVE SOLUTIONS AND SUPPORT,**INC. DBA INNOVATIVE AEROSYSTEMS, INC.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.