Innovative Solutions and Support, Inc. dba Innovative Aerosystems reported its fiscal first quarter 2026 financial results for the period ended December 31, 2025, announcing net sales of $21.8 million, net income of $4.1 million, and Adjusted EBITDA of $7.4 million, with significant growth across key metrics compared to the prior year period.
Key takeaways
First quarter fiscal 2026 net sales were $21.8 million, representing a 36.5% increase compared to the same period last year.
First quarter fiscal 2026 net income was $4.1 million, or $0.22 per diluted share, compared to $0.7 million, or $0.04 per share, in the first quarter of last year.
First quarter fiscal 2026 Adjusted EBITDA was $7.4 million, an increase of 140.9% compared to the first quarter of last year.
First quarter fiscal 2026 gross margin was 54.5%, an increase from 41.4% during the first quarter last year.
New orders in the first quarter of fiscal 2026 were approximately $19 million and backlog as of December 31, 2025 was approximately $75 million.
The Company ended the first quarter with a net leverage ratio of 0.5x, down from 1.8x at the end of the year-ago period, and total available liquidity of $83.3 million.