INNOVATIVE SOLUTIONS & SUPPORT INC
ISSC · Services-Computer Programming Services · 17.9M shares · +1%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$726K (gross $725K, SBC $1M)
Reference price $13.69 · est. market cap ~$245M — last insider sale, 2025-06-30 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B74Small avionics maker with strong returns, an earnings surge, and a solid balance sheet, but limited scale.
Strengths
- Strong returns — ROE 24.2% (90th), ROA 15.1% (90th)
- Earnings surge — net income +123.3% (83rd)
- Solid balance sheet — current ratio 3.04 (81st), interest coverage 11.63
Risks
- Small scale and product/customer concentration per risk factors — qualitative (per 10-K)
- Modest absolute FCF — $6.8M (22nd)
- Aerospace program/certification dependence — qualitative (per 10-K)
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- China exposure● Exports and imports of certain of our products are subject to various export controls, sanctions and import regulations and may require authorization from regulatory agencies of the U
- Notable holderHeld by 5 notable fund(s): RENAISSANCE TECHNOLOGIES LLC, CITADEL ADVISORS LLC, GOLDMAN SACHS GROUP INC +2 more (as of 2026-03-31)
- AccumulatingInstitutional holders rose 6→7 QoQ (2025-12-31→2026-03-31)
- New fund positionNotable fund(s) opened this quarter: FMR LLC
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on equity
24.2%
Return on assets
15.1%
ROIC
18.4%
Revenue growth (QoQ)
9.2%
Net-income growth
123.3%
Debt / equity
0.3×
Net debt / EBITDA
0.8×
Interest coverage
11.6×
Current ratio
3.0×
Free cash flow
$7M
EBITDA
$24M
Tangible book value
$34M
Cash & investments
$3M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-20 | BRESSNER GLEN R | Grant | 6.3K | $15.93 |
| 2026-05-18 | Askarpour Shahram | Tax withheld | 906 | $16.26 |
| 2026-05-18 | DiGiovanni Jeffrey | Tax withheld | 474 | $16.26 |
| 2026-04-16 | Belland Stephen L | Grant | 5.6K | — |
| 2026-04-16 | Carolin Roger Anthony | Grant | 5.6K | — |
| 2026-04-16 | BRESSNER GLEN R | Grant | 5.6K | — |
| 2026-04-16 | Devine Denise L | Disposition | 5.4K | — |
| 2026-04-16 | Devine Denise L | Grant | 5.6K | — |
| 2026-04-16 | Dean Garry C. | Grant | 5.6K | — |
| 2026-04-16 | Silfen Richard A | Grant | 5.6K | — |
| 2026-04-08 | DiGiovanni Jeffrey | Tax withheld | 765 | $23.02 |
| 2026-03-31 | DiGiovanni Jeffrey | Tax withheld | 897 | $20.53 |
| 2026-02-22 | Askarpour Shahram | Tax withheld | 2.9K | $24.32 |
| 2026-02-18 | DiGiovanni Jeffrey | Tax withheld | 2.2K | $23.52 |
| 2026-02-18 | Askarpour Shahram | Tax withheld | 3.6K | $23.52 |
| 2026-02-17 | DiGiovanni Jeffrey | Grant | 9.5K | — |
| 2026-02-17 | Askarpour Shahram | Grant | 20K | $19.83 |
| 2026-02-17 | Silfen Richard A | Grant | 1.9K | — |
| 2026-02-17 | Askarpour Shahram | Grant | 20K | — |
| 2026-02-17 | DiGiovanni Jeffrey | Grant | 9.5K | $19.83 |
| 2026-01-13 | DiGiovanni Jeffrey | Tax withheld | 868 | $18.80 |
| 2026-01-11 | Askarpour Shahram | Tax withheld | 2.1K | $18.41 |
| 2025-12-31 | DiGiovanni Jeffrey | Tax withheld | 1.0K | $18.94 |
| 2025-11-20 | Askarpour Shahram | Tax withheld | 88K | $8.42 |
| 2025-11-20 | Askarpour Shahram | Option exercise | 201K | — |
| 2025-11-20 | Askarpour Shahram | Option exercise | 201K | — |
| 2025-06-30 | Harborne Christopher | Sell | 145K | $13.69 |
| 2025-06-27 | Harborne Christopher | Sell | 41K | $13.50 |
| 2025-06-27 | Harborne Christopher | Sell | 32K | $13.91 |
| 2025-06-26 | Harborne Christopher | Sell | 60K | $13.21 |
| 2025-06-25 | Harborne Christopher | Sell | 91K | $12.92 |
| 2025-06-23 | Harborne Christopher | Sell | 89K | $12.50 |
| 2025-06-20 | Harborne Christopher | Sell | 32K | $12.25 |
| 2025-06-18 | Harborne Christopher | Sell | 17K | $12.28 |
| 2025-06-17 | Harborne Christopher | Sell | 22K | $12.77 |
| 2025-06-11 | Harborne Christopher | Sell | 5.1K | $11.77 |
| 2025-06-10 | Harborne Christopher | Sell | 438 | $11.75 |
| 2025-06-09 | Harborne Christopher | Sell | 64K | $11.78 |
| 2025-06-06 | Harborne Christopher | Sell | 35K | $11.76 |
| 2025-06-05 | Harborne Christopher | Sell | 12K | $11.79 |
| 2025-06-04 | Harborne Christopher | Sell | 44K | $11.67 |
| 2025-06-03 | Harborne Christopher | Sell | 6.8K | $11.50 |
| 2025-06-02 | Harborne Christopher | Sell | 18K | $11.51 |
| 2025-04-17 | Devine Denise L | Grant | 14K | — |
| 2025-04-17 | BRESSNER GLEN R | Grant | 14K | — |
| 2025-04-17 | Dean Garry C. | Grant | 14K | — |
| 2025-04-17 | Carolin Roger Anthony | Grant | 14K | — |
| 2025-04-17 | Belland Stephen L | Grant | 14K | — |
| 2025-02-18 | DiGiovanni Jeffrey | Grant | 17K | — |
| 2025-02-18 | Askarpour Shahram | Grant | 38K | — |
| 2025-02-06 | Harborne Christopher | Sell | 15K | $11.59 |
| 2025-02-04 | Harborne Christopher | Sell | 63K | $11.21 |
| 2025-01-31 | Harborne Christopher | Sell | 43K | $11.84 |
| 2025-01-30 | Harborne Christopher | Sell | 7.1K | $11.17 |
| 2025-01-27 | Devine Denise L | Grant | 6.8K | — |
| 2025-01-24 | Harborne Christopher | Sell | 6.7K | $11.32 |
| 2025-01-23 | Harborne Christopher | Sell | 70K | $11.21 |
| 2025-01-21 | Harborne Christopher | Sell | 99K | $10.82 |
| 2025-01-17 | Harborne Christopher | Sell | 10K | $10.16 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (7)
- Pilatus Aircraft
- Textron
- Boeing
- U.S. Army
- Lockheed Martin
- Eclipse Aerospace
- United States Department of Defense
Suppliers (1)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-14 | ResultsExhibits | filing ↗ |
| 2026-04-17 | Shareholder vote | filing ↗ |
| 2026-04-02 | Material agreementAcquisition/dispositionOtherExhibits | filing ↗ |
| 2026-02-12 | ResultsExhibits | filing ↗ |
| 2025-12-18 | ResultsExhibits | filing ↗ |
| 2025-10-28 | Exec/director changeOtherExhibits | filing ↗ |
| 2025-08-14 | ResultsExhibits | filing ↗ |
| 2025-07-22 | Material agreementDebt obligationOtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-05-15 | 2026-03-31 | 0001104659-26-062716 ↗ |
| 8-K | 2026-05-14 | 2026-05-14 | 0001104659-26-060758 ↗ |
| 8-K | 2026-04-17 | 2026-04-16 | 0001104659-26-044887 ↗ |
| 8-K | 2026-04-02 | 2026-03-27 | 0001104659-26-038902 ↗ |
| 10-Q | 2026-02-13 | 2025-12-31 | 0001104659-26-015306 ↗ |
| 8-K | 2026-02-12 | 2026-02-12 | 0001104659-26-014012 ↗ |
| 10-K/A | 2026-01-27 | 2025-09-30 | 0001104659-26-006952 ↗ |
| 10-K | 2025-12-23 | 2025-09-30 | 0001104659-25-123847 ↗ |
| 8-K | 2025-12-18 | 2025-12-18 | 0001104659-25-122364 ↗ |
| 8-K | 2025-10-28 | 2025-10-28 | 0001104659-25-103240 ↗ |
| 8-K | 2025-08-14 | 2025-08-14 | 0001558370-25-011488 ↗ |
| 10-Q | 2025-08-14 | 2025-06-30 | 0001558370-25-011532 ↗ |