NASDAQ : IA

Innovative Aerosystems, Inc. — Financial statements

United States

Last price 20.77 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 371.77M

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Financial statements

Innovative Aerosystems, Inc. (IA) reported revenue of 93.15M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.

Income statement

Fiscal year October - September; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Revenue93.15M84.30M47.20M34.81M27.74M23.04M
Cost of Revenue41.97M43.79M21.28M13.50M11.07M10.26M
Gross Profit51.18M40.51M25.91M21.31M16.67M12.78M
Selling, General & Admin18.59M16.45M11.87M10.41M6.75M6.26M
Research & Development6.09M3.99M4.14M3.13M2.71M2.62M
Operating Expenses24.68M20.44M16.01M13.54M9.46M8.88M
Operating Income26.49M20.07M9.91M7.77M7.22M3.90M
Interest Expense-2.53M-1.73M-937.31K-393.28K
Interest & Investment Income17.85K18.94K127.33K518.19K61.05K1.23K
Other Non Operating Income (Expenses)1.65M1.59M151.32K65.23K74.91K
EBT Excluding Unusual Items25.64M19.95M9.10M8.04M7.34M3.98M
Merger & Restructuring Charges-1.00M-244.54K-408.96K
Pretax Income24.64M19.95M8.85M7.64M7.34M3.98M
Income Tax Expense5.54M4.32M1.85M1.61M1.82M-1.09M
Net Income19.09M15.63M7.00M6.03M5.52M5.06M
Net Income to Common19.09M15.63M7.00M6.03M5.52M5.06M
Shares Outstanding (Basic)17.75M17.57M17.46M17.41M17.26M17.23M
Shares Outstanding (Diluted)18.21M17.83M17.48M17.42M17.26M17.23M
EPS (Basic)1.080.890.400.350.320.29
EPS (Diluted)1.060.880.400.350.320.29
Free Cash Flow14.29M6.79M888.97K1.80M5.93M4.25M
Free Cash Flow Per Share0.790.380.050.100.340.25
Gross Margin54.94%48.06%54.90%61.22%60.11%55.46%
Operating Margin28.44%23.81%20.99%22.32%26.01%16.93%
Profit Margin20.50%18.54%14.83%17.32%19.91%21.98%
Free Cash Flow Margin15.34%8.06%1.88%5.17%21.39%18.45%
EBITDA30.64M23.81M12.00M8.47M7.58M4.33M
EBITDA Margin32.89%28.24%25.43%24.32%27.34%18.80%
D&A For EBITDA4.15M3.73M2.10M697.94K368.50K432.18K
EBIT26.49M20.07M9.91M7.77M7.22M3.90M
EBIT Margin28.44%23.81%20.99%22.32%26.01%16.93%
Effective Tax Rate22.50%21.67%20.94%21.05%24.76%
Revenue as Reported93.15M84.30M47.20M34.81M27.74M23.04M

Balance sheet

Fiscal year October - September; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents10.69M2.69M538.98K3.10M17.25M8.27M
Cash & Short-Term Investments10.69M2.69M538.98K3.10M17.25M8.27M
Accounts Receivable17.72M18.28M14.29M10.23M4.46M4.05M
Other Receivables357.23K
Receivables18.08M18.28M14.29M10.23M4.46M4.05M
Inventory32.08M28.36M18.69M18.21M5.35M4.55M
Prepaid Expenses520.72K1.39M1.16M623.19K777.31K318.14K
Other Current Assets3.05M2.51M365.16K514.94K
Total Current Assets64.43M50.73M34.69M34.67M28.20M17.69M
Property, Plant & Equipment20.68M19.37M13.37M7.91M6.32M8.19M
Goodwill15.77M6.70M5.21M3.56M
Other Intangible Assets46.03M23.58M27.01M16.19M60.35K62.47K
Long-Term Deferred Tax Assets452.07K2.82M1.63M456.39K46.49K1.06M
Other Long-Term Assets137.20K157.86K471.62K176.66K75.30K82.83K
Total Assets147.96M103.36M82.38M62.96M34.71M27.09M
Accounts Payable9.82M3.58M2.32M1.34M708.85K623.62K
Accrued Expenses3.85M5.39M2.82M2.34M2.35M827.56K
Current Portion of Long-Term Debt5.64M2.44M2.00M
Current Portion of Leases12.96K13.62K14.30K
Current Income Taxes Payable2.05M1.19M
Current Unearned Revenue1.37M2.48M340.48K143.36K259.18K417.50K
Other Current Liabilities1.01M730.50K596.54K562.64K607.00K589.26K
Total Current Liabilities21.69M16.66M7.27M6.40M3.94M2.47M
Long-Term Debt48.67M21.70M28.03M17.50M
Long-Term Leases15.06K
Other Long-Term Liabilities396.50K396.50K451.35K421.51K28.68K
Total Liabilities70.76M38.76M35.74M24.32M3.96M2.50M
Common Stock17.90K17.63K17.50K19.54K19.41K19.34K
Additional Paid-In Capital40.36M39.75M37.42M54.32M52.46M51.82M
Retained Earnings40.28M28.29M12.67M5.67M-359.04K-5.88M
Treasury Stock-3.46M-3.46M-3.46M-21.37M-21.37M-21.37M
Shareholders' Equity77.20M64.60M46.64M38.64M30.75M24.59M
Total Liabilities & Equity147.96M103.36M82.38M62.96M34.71M27.09M
Total Debt54.31M24.14M28.03M19.51M28.68K14.30K
Net Cash (Debt)-43.62M-21.45M-27.49M-16.42M17.22M8.25M
Net Cash Per Share-2.40-1.20-1.57-0.941.000.48
Filing Date Shares Outstanding17.90M17.75M17.54M17.45M17.32M17.25M
Total Common Shares Outstanding17.90M17.63M17.50M17.45M17.32M17.25M
Working Capital42.74M34.07M27.42M28.27M24.26M15.22M
Book Value Per Share4.313.662.662.211.781.43
Tangible Book Value15.39M34.32M14.41M18.89M30.69M24.52M
Tangible Book Value Per Share0.861.950.821.081.771.42
Land1.02M1.02M1.02M1.02M1.02M1.02M
Buildings12.53M11.60M6.20M5.93M
Machinery22.28M20.11M18.56M12.87M11.32M14.43M
Order Backlog77.43M89.23M

Cash flow statement

Fiscal year October - September; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income19.09M15.63M7.00M6.03M5.52M5.06M
Depreciation & Amortization4.15M3.73M2.10M697.94K368.50K432.18K
Loss (Gain) From Sale of Assets-160.58K-1.19M
Asset Writedown & Restructuring Costs44.40K
Stock-Based Compensation2.77M2.34M1.00M1.45M339.94K341.33K
Other Operating Activities2.27M-1.21M-1.14M53.81K1.02M-1.29M
Change in Accounts Receivable-5.05M-3.98M-4.06M-5.77M-413.86K322.77K
Change in Inventory-7.42M-9.67M-2.34M-834.92K-708.86K-153.61K
Change in Accounts Payable4.71M1.26M978.20K628.43K85.22K-167.27K
Change in Unearned Revenue-1.16M2.14M197.12K-115.82K-158.32K104.14K
Change in Income Taxes-2.20M850.94K1.08M-257.06K269.01K104.64K
Change in Other Net Operating Assets1.35M2.22M1.14M171.86K963.43K-162.62K
Operating Cash Flow18.51M13.30M5.80M2.10M6.09M4.59M
Capital Expenditures-4.22M-6.51M-4.91M-298.37K-161.23K-340.68K
Sale of Property, Plant & Equipment2.23M2.75M
Cash Acquisitions-33.00M-14.20M-35.86M
Investing Cash Flow-37.22M-6.51M-16.88M-36.16M2.59M-340.68K
Long-Term Debt Issued25.00M52.35M20.00M
Total Debt Issued57.00M25.00M52.35M20.00M
Long-Term Debt Repaid-28.65M-43.83M-500.00K
Total Debt Repaid-25.76M-28.65M-43.83M-500.00K
Net Debt Issued (Repaid)31.24M-3.65M8.53M19.50M
Issuance of Common Stock408.85K301.15K17.01K
Repurchase of Common Stock-1.45M
Common Dividends Paid-19.79M
Other Financing Activities-984.59K-984.59K
Financing Cash Flow28.80M-4.64M8.53M19.91M301.15K-19.77M
Net Cash Flow10.09M2.15M-2.56M-14.15M8.98M-15.52M
Free Cash Flow14.29M6.79M888.97K1.80M5.93M4.25M
Free Cash Flow Margin15.34%8.06%1.88%5.17%21.39%18.45%
Free Cash Flow Per Share0.790.380.050.100.340.25
Levered Free Cash Flow7.93M4.09M4.11M-13.71M5.00M2.82M
Unlevered Free Cash Flow9.50M5.17M4.69M-13.46M5.00M2.82M
Cash Interest Paid1.86M1.54M847.09K260.89K
Cash Income Tax Paid5.68M4.73M1.91M1.86M531.48K1.09K
Change in Working Capital-9.77M-7.18M-3.01M-6.18M36.63K48.05K

Ratios

Fiscal year October - September; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization379.46M220.18M114.10M132.60M149.09M121.07M
Enterprise Value423.08M242.83M123.44M150.04M134.58M113.59M
Last Close Price20.7712.496.527.608.637.02
PE Ratio20.0914.0916.3022.0026.9923.90
Forward PE20.4521.1712.5413.8214.9114.91
PS Ratio4.182.612.423.815.385.25
PB Ratio4.823.412.453.434.854.92
P/TBV Ratio25.286.427.927.024.864.94
P/FCF Ratio27.2232.42128.3573.7525.1328.48
P/OCF Ratio21.0216.5519.6863.2624.4626.36
PEG Ratio1.240.493.623.623.623.62
EV/Sales Ratio4.642.882.624.314.854.93
EV/EBITDA Ratio14.1210.2010.2817.7217.7526.21
EV/EBIT Ratio16.3312.1012.4619.3218.6529.12
EV/FCF Ratio30.2835.76138.8683.4622.6826.71
Debt / Equity Ratio0.700.370.600.510.000.00
Debt / EBITDA Ratio1.771.012.332.290.000.00
Debt / FCF Ratio3.803.5531.5310.850.010.00
Net Debt / Equity Ratio0.560.330.590.42-0.56-0.34
Net Debt / EBITDA Ratio1.420.902.291.94-2.27-1.90
Net Debt / FCF Ratio3.053.1630.929.13-2.90-1.94
Asset Turnover0.780.910.650.710.900.67
Inventory Turnover1.481.861.151.152.242.32
Quick Ratio1.331.262.042.085.514.98
Current Ratio2.973.044.775.427.167.16
Return on Equity (ROE)28.50%28.10%16.41%17.37%19.96%19.35%
Return on Assets (ROA)13.81%13.51%8.52%9.94%14.60%7.11%
Return on Invested Capital (ROIC)17.03%19.63%12.13%17.88%36.36%24.73%
Return on Capital Employed (ROCE)21.00%23.20%13.20%13.70%23.50%15.80%
Earnings Yield4.98%7.10%6.13%4.55%3.71%4.18%
FCF Yield3.67%3.08%0.78%1.36%3.98%3.51%
Payout Ratio390.69%
Buyback Yield / Dilution-3.12%-1.99%-0.35%-0.94%-0.18%-0.66%