# Innovative Solutions & Support Inc: overview

IA · Nasdaq · CIK 836690 · [Technology](/sectors/technology.md) · fiscal year ends Sep 30

Pages: [Overview](/companies/ia.md) · [Financials](/companies/ia/financials.md) · [Filings](/companies/ia/filings.md) · [Insiders](/companies/ia/insiders.md)

Latest reported revenue: [$26.7m](/filings/0001104659-26-095962.md) for Q3 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 13, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax, accession 0001104659-26-095962).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-09-30) | Q1 FY2025 (2024-12-31) | Q2 FY2025 (2025-03-31) | Q3 FY2025 (2025-06-30) | Q4 FY2025 (2025-09-30) | Q1 FY2026 (2025-12-31) | Q2 FY2026 (2026-03-31) | Q3 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [15.4 d](/filings/0001104659-25-123847.md) | [16.0](/filings/0001104659-26-015306.md) | [21.9](/filings/0001104659-26-062716.md) | [24.1](/filings/0001104659-26-095962.md) | [22.2 d](/filings/0001104659-25-123847.md) | [21.8](/filings/0001104659-26-015306.md) | [22.4](/filings/0001104659-26-062716.md) | [26.7](/filings/0001104659-26-095962.md) |
| Gross margin | % | [55.4% d](/filings/0001104659-25-123847.md) | [41.4%](/filings/0001104659-26-015306.md) | [51.4%](/filings/0001104659-26-062716.md) | [35.5%](/filings/0001104659-26-095962.md) | [63.2% d](/filings/0001104659-25-123847.md) | [54.5%](/filings/0001104659-26-015306.md) | [51.1%](/filings/0001104659-26-062716.md) | [51.7%](/filings/0001104659-26-095962.md) |
| Operating margin | % | [28.4% d](/filings/0001104659-25-123847.md) | [8.4%](/filings/0001104659-26-015306.md) | [31.8%](/filings/0001104659-26-062716.md) | [14.6%](/filings/0001104659-26-095962.md) | [37.0% d](/filings/0001104659-25-123847.md) | [28.9%](/filings/0001104659-26-015306.md) | [22.1%](/filings/0001104659-26-062716.md) | [22.6%](/filings/0001104659-26-095962.md) |
| Net margin | % | [20.7% d](/filings/0001104659-25-123847.md) | [4.6%](/filings/0001104659-26-095962.md) | [24.3%](/filings/0001104659-26-095962.md) | [10.1%](/filings/0001104659-26-095962.md) | [32.0% d](/filings/0001104659-25-123847.md) | [18.6%](/filings/0001104659-26-095962.md) | [15.4%](/filings/0001104659-26-095962.md) | [16.8%](/filings/0001104659-26-095962.md) |
| Diluted EPS | $ per share | not reported | [0.04](/filings/0001104659-26-015306.md) | [0.30](/filings/0001104659-26-062716.md) | [0.14](/filings/0001104659-26-095962.md) | not reported | [0.22](/filings/0001104659-26-015306.md) | [0.19](/filings/0001104659-26-062716.md) | [0.25](/filings/0001104659-26-095962.md) |
| Free cash flow | $m | [0.3 d](/filings/0001104659-25-123847.md) | [1.6](/filings/0001104659-26-015306.md) | [(0.3) d](/filings/0001104659-26-062716.md) | [3.5 d](/filings/0001104659-26-095962.md) | [2.0 d](/filings/0001104659-25-123847.md) | [7.0](/filings/0001104659-26-015306.md) | [0.7 d](/filings/0001104659-26-062716.md) | [4.6 d](/filings/0001104659-26-095962.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-09-30) | FY2022 (2022-09-30) | FY2023 (2023-09-30) | FY2024 (2024-09-30) | FY2025 (2025-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [23.0](/filings/0001558370-24-000248.md) | [27.7](/filings/0001558370-24-016501.md) | [34.8](/filings/0001104659-25-123847.md) | [47.2](/filings/0001104659-25-123847.md) | [84.3](/filings/0001104659-25-123847.md) |
| Gross margin | % | [55.5%](/filings/0001558370-24-000248.md) | [60.1%](/filings/0001558370-24-016501.md) | [61.2%](/filings/0001104659-25-123847.md) | [54.9%](/filings/0001104659-25-123847.md) | [48.1%](/filings/0001104659-25-123847.md) |
| Operating margin | % | [16.9%](/filings/0001558370-24-000248.md) | [26.0%](/filings/0001558370-24-016501.md) | [21.1%](/filings/0001104659-25-123847.md) | [20.5%](/filings/0001104659-25-123847.md) | [23.8%](/filings/0001104659-25-123847.md) |
| Net margin | % | [22.0%](/filings/0001558370-24-000248.md) | [19.9%](/filings/0001558370-24-016501.md) | [17.3%](/filings/0001104659-25-123847.md) | [14.8%](/filings/0001104659-25-123847.md) | [18.5%](/filings/0001104659-25-123847.md) |
| Diluted EPS | $ per share | [0.29](/filings/0001558370-24-000248.md) | [0.32](/filings/0001558370-24-016501.md) | [0.35](/filings/0001104659-25-123847.md) | [0.40](/filings/0001104659-25-123847.md) | [0.88](/filings/0001104659-25-123847.md) |
| Free cash flow | $m | [4.3](/filings/0001104659-22-127805.md) | [5.9](/filings/0001558370-24-016501.md) | [1.8](/filings/0001104659-25-123847.md) | [5.1](/filings/0001104659-25-123847.md) | [6.8](/filings/0001104659-25-123847.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/ia/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $19.2m | 1,066,911 |  | Added +779,333 |
| [MARSHALL WACE, LLP](/funds/1318757.md) | 2026-06-30 | $12.5m | 691,799 |  | Reduced −61,578 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $11.3m | 629,425 |  | Added +3,650 |
| [PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.](/funds/1238990.md) | 2026-06-30 | $10.3m | 569,963 |  | Added +51,345 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $9.1m | 503,365 |  | Reduced −99,882 |
| [RENAISSANCE TECHNOLOGIES LLC](/funds/1037389.md) | 2026-06-30 | $8.8m | 490,155 |  | Added +187,262 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $7.4m | 411,427 |  | Added +43,160 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $6.4m | 354,083 |  | Added +208,027 |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $5.4m | 299,281 |  | Added +193,102 |
| [CenterBook Partners LP](/funds/1872738.md) | 2026-06-30 | $4.8m | 264,954 |  | New +264,954 |

## Recent filings

[All 658 filings](/companies/ia/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-07 | 21:42 ET | [8-K/A](/filings/0001104659-26-114137.md) | 2.01 Completion of an acquisition or disposition; 9.01 Financial statements and exhibits | 0001104659-26-114137 |
| 2026-09-04 | 20:46 ET | [8-K/A](/filings/0001104659-26-105534.md) | 5.07 Shareholder vote results | 0001104659-26-105534 |
| 2026-08-13 | 20:30 ET | [10-Q](/filings/0001104659-26-095962.md) | Quarterly report, period 2026-06-30 | 0001104659-26-095962 |
| 2026-08-13 | 13:23 ET | [8-K](/filings/0001104659-26-095548.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-095548 |
| 2026-07-21 | 20:15 ET | [8-K](/filings/0001104659-26-085413.md) | 1.01 Entry into a material agreement; 2.01 Completion of an acquisition or disposition; 2.03 New direct financial obligation; 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-085413 |
| 2026-05-15 | 20:45 ET | [10-Q](/filings/0001104659-26-062716.md) | Quarterly report, period 2026-03-31 | 0001104659-26-062716 |
| 2026-05-14 | 13:05 ET | [8-K](/filings/0001104659-26-060758.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-060758 |
| 2026-04-17 | 20:01 ET | [8-K](/filings/0001104659-26-044887.md) | 5.07 Shareholder vote results | 0001104659-26-044887 |
| 2026-04-02 | 13:00 ET | [8-K](/filings/0001104659-26-038902.md) | 1.01 Entry into a material agreement; 2.01 Completion of an acquisition or disposition; 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-038902 |
| 2026-03-13 | 21:29 ET | [DEF 14A](/filings/0001104659-26-027765.md) | Proxy statement, period 2026-04-16 | 0001104659-26-027765 |

## Latest annual report

[Form 10-K for the fiscal year ended Sep 30, 2025](/filings/0001104659-25-123847.md), filed Dec 23, 2025.

## Forecast league

Q4 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/778cb652-b292-4970-9517-fdfad847661e)

## About the filer

- CIK: 836690
- Tickers: IA
- Exchange: Nasdaq
- SIC code: 7371 Services-Computer Programming Services
- State of incorporation: PA
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:25 ET. No prices; not investment advice.
