Filing Flows › Innovative Solutions & Support (IA) › Q4 FY25
Innovative Solutions & Support (IA) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Dec 23, 2025
Innovative Solutions & Support (IA) reported revenue of $22.2M for the fourth quarter fiscal 2025 (Q4 FY25), +45% from a year earlier and -8% from the quarter before. Operating margin was 37.0%, net earnings $7.1M (32.0% of revenue).
Innovative Solutions & Support, Q4 FY25: revenue $22.2M (+45% year over year), operating margin 37.0%, net earnings $7.1M, operating cash flow $3.0M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.2M | -8% | +45% |
| Gross profit | $14.1M | +64% | +65% |
| Operating profit | $8.2M | +134% | +88% |
| Net earnings | $7.1M | +191% | +124% |
| Operating cash flow | $3.0M | -59% | +566% |
| Free cash flow | $2.0M | -44% | +554% |
What changed
Revenue was $22.2M in Q4 FY25, up 45% year over year and down 8% from the previous quarter. Product was the largest line at 64% of revenue.
Gross margin was 63.2%, up 7.7 points from Q4 FY24. Operating profit was $8.2M, a 37.0% margin (up 8.6 points year over year). Of the extra revenue versus Q4 FY24, 56% reached operating profit, above the 28% margin then. Operating expenses grew 40% against revenue growth of 45%. The fastest-growing cost line was SG&A (+55%). Net earnings were $7.1M, up 124% year over year. The effective tax rate was 23.7%.
Operating cash flow was $3.0M (up 566% year over year), 42% of net earnings. Non-cash charges added back $909K of depreciation and amortization and $702K of share-based compensation. Working capital and other items used $5.8M. Capital expenditures of $1.0M left free cash flow of $2.0M.
Questions
What was Innovative Solutions & Support's revenue in the fourth quarter fiscal 2025?
Innovative Solutions & Support (IA) reported revenue of $22.2M for the fourth quarter fiscal 2025 (Q4 FY25), +45% from a year earlier and -8% from the quarter before.
Was Innovative Solutions & Support profitable in the fourth quarter fiscal 2025?
Operating profit was $8.2M (37.0% of revenue) and net earnings $7.1M.