IA · Innovative Solutions & Support Inc
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Metrics snapshot
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AI Brief
Q3 FY26 earnings call · Aug 13, 2026TL;DR. Innovative AeroSystems posted Q3 revenue of $26.7M (+11% YoY), gross margin of 51.7% (vs. 35.6%), and adjusted EBITDA of $7.7M (+~75%), closed the Aydin Displays acquisition, and won its first Liberty Flight Deck OEM contract with a Japanese eVTOL developer; the company guided Q4 revenue of $28–$30M.
- + Q3 revenue grew ~11% YoY to $26.7M with 40%+ organic growth ex-F-16 and acquisitions.
- + Gross margin expanded to 51.7% from 35.6%, the fourth consecutive quarter at or above 50%.
- + Adjusted EBITDA grew ~75% YoY to $7.7M, with adjusted EPS of $0.33 vs. $0.16.
- + Won first Liberty Flight Deck OEM contract with a leading Japanese eVTOL developer covering 400+ aircraft orders, with initial production targeted for late 2027.
- + Closed the Aydin Displays acquisition, adding display technology, military platforms, and expansion into naval, ground, and medical markets.
- + Added to the Russell 2000 Index and changing Nasdaq ticker to 'IA' effective August 18, 2026.
- − F-16 revenue declined sharply to $5.7M from $12.6M a year ago, reflecting the lap of the manufacturing-transition pull-forward.
- − Operating expenses rose to $7.8M from $5.1M, with R&D up ~$1M YoY as the company continues elevated investment.
- − Net debt rose $21M YoY to $43.8M after deploying more than $35M on acquisitions and capex, with leverage at 1.4x vs. 1.1x a year ago.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $21,873,907 | Nine Months Ended June 30, 2026 | — |
| Adjusted EBITDA Margin non-GAAP | 31% | Nine Months Ended June 30, 2026 | — |
| Adjusted EPS non-GAAP | $0.88 | Nine Months Ended June 30, 2026 | — |
| Adjusted Net Income non-GAAP | $16,037,658 | Nine Months Ended June 30, 2026 | — |
| Backlog | $82.9M | as of June 30, 2026 | — |
| EBITDA non-GAAP | $20,633,475 | Nine Months Ended June 30, 2026 | — |
| EBITDA Margin non-GAAP | 29% | Nine Months Ended June 30, 2026 | — |
| Free Cashflow non-GAAP | $12,330,823 | Nine Months Ended June 30, 2026 | — |
| Leverage Ratio non-GAAP | 1.4 | As of June 30, 2026 | — |
| Net Debt non-GAAP | $43,805,023 | As of June 30, 2026 | — |
| New orders | $22.7M | third quarter fiscal 2026 | — |
| Operating cash flow | $15.5M | nine months ended June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Aerospace & Defense — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
IA
this stock
Innovative Solutions & Support Inc
|
$338.12M | +4.4% | +78.6% | 17.8 | 4.6% |
|
SPCX
Space Exploration Technologies Corp
|
$1.96T | — | — | — | 1.2% |
|
GE
General Electric Co
|
$339.38B | +0.4% | +18.5% | 38.5 | 1.5% |
|
RTX
RTX Corp
|
$255.27B | -0.1% | +17.1% | 33.4 | 1.0% |
|
EADSF
Airbus SE/ADR
|
$166.47B | -8.7% | — | — | 0.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| IA | +5.6% | +5.8% | -15.9% | +6.5% | +4.4% |
| SPY | +2.0% | +1.7% | +11.3% | +2.2% | +14.3% |
| vs SPY | +3.6% | +4.1% | -27.3% | +4.3% | -9.9% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.