Innovative Solutions and Support, Inc. (ISSC)

Accolade Income Statement

Financials in millions USD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	65.06	47.2	34.81	27.74	23.04	21.6
Revenue Growth (YoY)	58.67%	35.59%	25.48%	20.38%	6.71%	22.89%
Cost of Revenue	32.37	21.28	13.5	11.07	10.26	9.79
Gross Profit	32.69	25.91	21.31	16.67	12.78	11.8
Selling, General & Admin	12.94	11.28	10.41	6.75	6.26	6.1
Research & Development	4.18	4.14	3.13	2.71	2.62	2.96
Operating Expenses	17.12	15.42	13.54	9.46	8.88	9.06
Operating Income	15.56	10.5	7.77	7.22	3.9	2.75
Interest Expense	-1.22	-0.94	-0.39	-	-	-
Interest & Investment Income	0.02	0.13	0.52	0.06	0	0.15
Other Non Operating Income (Expenses)	-0.04	-	0.15	0.07	0.07	0.06
EBT Excluding Unusual Items	14.32	9.69	8.04	7.34	3.98	2.96
Merger & Restructuring Charges	-0.83	-0.83	-0.41	-	-	-
Pretax Income	13.49	8.85	7.64	7.34	3.98	2.96
Income Tax Expense	2.68	1.85	1.61	1.82	-1.09	-0.31
Net Income	10.81	7	6.03	5.52	5.06	3.27
Net Income to Common	10.81	7	6.03	5.52	5.06	3.27
Net Income Growth	70.87%	16.10%	9.12%	9.06%	54.90%	76.72%
Shares Outstanding (Basic)	17	17	17	17	17	17
Shares Outstanding (Diluted)	18	17	17	17	17	17
Shares Change (YoY)	0.32%	0.35%	0.94%	0.18%	0.66%	1.01%
EPS (Basic)	0.62	0.40	0.35	0.32	0.29	0.19
EPS (Diluted)	0.61	0.40	0.35	0.32	0.29	0.19
EPS Growth	68.61%	15.54%	8.18%	10.35%	52.63%	73.21%
Free Cash Flow	-1.91	0.89	1.8	5.93	4.25	2.07
Free Cash Flow Per Share	-0.11	0.05	0.10	0.34	0.25	0.12
Gross Margin	50.24%	54.90%	61.22%	60.11%	55.46%	54.65%
Operating Margin	23.93%	22.24%	22.32%	26.01%	16.93%	12.71%
Profit Margin	16.61%	14.83%	17.32%	19.91%	21.98%	15.14%
Free Cash Flow Margin	-2.93%	1.88%	5.17%	21.39%	18.45%	9.60%
EBITDA	18.84	12.59	8.47	7.58	4.33	3.18
EBITDA Margin	28.96%	26.68%	24.32%	27.34%	18.80%	14.72%
D&A For EBITDA	3.28	2.1	0.7	0.37	0.43	0.43
EBIT	15.56	10.5	7.77	7.22	3.9	2.75
EBIT Margin	23.93%	22.24%	22.32%	26.01%	16.93%	12.71%
Effective Tax Rate	19.89%	20.94%	21.05%	24.76%	-	-
Revenue as Reported	65.06	47.2	34.81	27.74	23.04	21.6

Updated Feb 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q