Innovative Aerosystems, Inc. (IA) Income Statement
IA FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsIA revenue and net income
Where IA's revenue goes
FY2025Each bar shows an amount and its share of revenue. IA kept 18.5% of revenue as net income.
IA profit margins
IA growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +78.6% | +44.8% | — | — |
| Gross profit | +56.3% | +34.4% | — | — |
| Operating income | +107.8% | +40.6% | — | — |
| Net income | +123.3% | +41.4% | — | — |
| EPS (diluted) | +130.0% | +42.2% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
IA quarterly EPS vs estimates
Innovative Aerosystems beat the analyst EPS estimate in 4 of the last 4 quarters.
IA income statement
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Revenue | $84.3M | $47.2M | $34.8M | $27.7M |
| Cost of revenue | $43.8M | $21.3M | $13.5M | $11.1M |
| Gross profit | $40.5M | $25.9M | $21.3M | $16.7M |
| Research & development | $4.0M | $4.1M | $3.1M | $2.7M |
| Sales, general & admin | $16.4M | $12.1M | $10.8M | $6.8M |
| Total operating expenses | $20.4M | $37.5M | $27.4M | $20.5M |
| Operating income | $20.1M | $9.7M | $7.4M | $7.2M |
| Interest income | $18,943 | $127,332 | $518,188 | $61,051 |
| Interest expense | $1.7M | $937,309 | $393,281 | $0 |
| Income before taxes | $20.0M | $8.9M | $7.6M | $7.3M |
| Income taxes | $4.3M | — | — | — |
| Net income | $15.6M | $7.0M | $6.0M | $5.5M |
| EBITDA | $25.4M | $11.9M | $8.7M | $7.7M |
| EPS (diluted) | $0.92 | $0.40 | $0.35 | $0.32 |
| Gross margin | 48.1% | 54.9% | 61.2% | 60.1% |
| Operating margin | 23.8% | 20.5% | 21.1% | 26.0% |
| Net margin | 18.5% | 14.8% | 17.3% | 19.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | |
|---|---|---|---|---|---|---|
| Revenue | $26.7M | $22.4M | $21.8M | $22.2M | $24.1M | $21.9M |
| Cost of revenue | $12.9M | $10.9M | $9.9M | $8.2M | $15.6M | $10.7M |
| Gross profit | $13.8M | $11.4M | $11.9M | $14.1M | $8.6M | $11.3M |
| Research & development | $1.9M | $1.8M | $1.3M | $1.1M | $916,829 | $867,228 |
| Sales, general & admin | $5.9M | $4.7M | $4.3M | $4.7M | $4.2M | $3.4M |
| Total operating expenses | $7.8M | $6.5M | $5.6M | $5.8M | $20.6M | $15.0M |
| Operating income | $6.0M | $4.9M | $6.3M | $8.2M | $3.5M | $7.0M |
| Interest income | $5,585 | $3,705 | $4,118 | $4,442 | $4,623 | $4,628 |
| Interest expense | $1.0M | $508,860 | $496,071 | $503,279 | $407,459 | $387,318 |
| Income before taxes | $5.0M | $4.4M | $5.9M | $9.3M | $3.1M | $6.6M |
| Income taxes | $527,815 | $1.0M | $1.8M | $2.2M | — | — |
| Net income | $4.5M | $3.4M | $4.1M | $7.1M | $2.4M | $5.3M |
| EBITDA | $7.7M | $5.8M | $7.4M | $10.7M | $4.3M | — |
| EPS (diluted) | $0.33 | $0.26 | $0.25 | $0.44 | $0.14 | $0.30 |
| Gross margin | 51.7% | 51.1% | 54.5% | 63.2% | 35.5% | 51.4% |
| Operating margin | 22.6% | 22.1% | 28.9% | 37.0% | 14.6% | 31.8% |
| Net margin | 16.8% | 15.4% | 18.6% | 32.0% | 10.1% | 24.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in IA's financial statements (latest annual report filed September 30, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
IA financial results
In fiscal year 2025 (ended September 30, 2025), Innovative Aerosystems reported revenue of $84.3 million, up 78.6% from the year before. It had net income of $15.6 million (up 123.3%), a net profit margin of 18.5%. Diluted earnings per share came to $0.92.
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IA income statement FAQ
What is Innovative Aerosystems's annual revenue?
Innovative Aerosystems reported total revenue of $84.3 million for fiscal year 2025, which ended on September 30, 2025. That was up 78.6% from $47.2 million the previous year.
Is Innovative Aerosystems profitable?
Yes. Innovative Aerosystems reported net income of $15.6 million in fiscal 2025, a net profit margin of 18.5%; its operating margin was 23.8%.
What is Innovative Aerosystems's gross margin?
Innovative Aerosystems's gross margin was 48.1% in fiscal 2025: for every $100 of revenue, Innovative Aerosystems kept $48 after the direct cost of its products and services.
How much does Innovative Aerosystems spend on research and development?
Innovative Aerosystems spent $4.0 million on research and development in fiscal 2025, 4.7% of revenue.
What are Innovative Aerosystems's earnings per share?
Innovative Aerosystems earned $0.92 per diluted share in fiscal 2025, compared with $0.40 a year earlier.
When does Innovative Aerosystems's fiscal year end?
Innovative Aerosystems's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on September 30, 2025.