Filing Flows › Innovative Solutions & Support (IA) › Q3 FY26 › vs Q3 FY25
Innovative Solutions & Support (IA) Q3 FY26 vs Q3 FY25 (year over year)
Innovative Solutions & Support's revenue rose $2.6M (+11%) from $24.1M in Q3 FY25 to $26.7M in Q3 FY26. The biggest changes: Services +$1.7M (+22%); Product +$915K (+6%). Gross margin 51.7% against 35.5% (+16.1 pts).
Innovative Solutions & Support, Q3 FY26: revenue $26.7M (+11% year over year), operating margin 22.6%, net earnings $4.5M, operating cash flow $5.1M. The chart draws each line against Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Gross margin | 51.7% | 35.5% | +16.1 pts |
| Operating margin | 22.6% | 14.6% | +8.0 pts |
| Net margin | 16.8% | 10.1% | +6.7 pts |
| Free cash flow margin | 17.3% | 14.6% | +2.7 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Product | $17.5M | $16.6M | $915K | +6% |
| Services | $9.2M | $7.5M | $1.7M | +22% |
| Revenue | $26.7M | $24.1M | $2.6M | +11% |
| Gross profit | $13.8M | $8.6M | $5.2M | +61% |
| Cost of revenue | $12.9M | $15.6M | −$2.6M | -17% |
| Operating profit | $6.0M | $3.5M | $2.5M | +72% |
| Operating expenses | $7.8M | $5.1M | $2.7M | +53% |
| Pre-tax earnings | $5.0M | $3.1M | $1.9M | +61% |
| Other expense, net | $1.0M | $403K | $609K | +151% |
| Research & development | $1.9M | $917K | $961K | +105% |
| SG&A | $5.9M | $4.2M | $1.8M | +42% |
| Net earnings | $4.5M | $2.4M | $2.0M | +84% |
| Income tax | $528K | $668K | −$140K | -21% |
| Depreciation & amortization | $1.4M | $820K | $533K | +65% |
| Share-based compensation | $654K | $832K | −$178K | -21% |
| Working capital & other | $1.4M | −$3.1M | $4.5M | — |
| Operating cash flow | $5.1M | $7.2M | −$2.1M | -29% |
| Free cash flow (OCF − capex) | $4.6M | $3.5M | $1.1M | +31% |
| Capital expenditures | $476K | $3.7M | −$3.2M | -87% |
Questions
How much did Innovative Solutions & Support's revenue grow year over year in Q3 FY26?
Innovative Solutions & Support's revenue rose $2.6M (+11%) from $24.1M in Q3 FY25 to $26.7M in Q3 FY26.
What drove Innovative Solutions & Support's revenue change in Q3 FY26?
Services +$1.7M (+22%); Product +$915K (+6%).