创新软件 2026年季度报告

Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required tobe submitted pursuant to Rule405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-acceleratedfiler or a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,”“accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule12b-2 of the Exchange Act. INNOVATIVE SOLUTIONS AND SUPPORT,INC.FORM10-Q December 31, 2025INDEX PARTI.FINANCIAL INFORMATIONItem 1.Financial Statements (Unaudited)Condensed Consolidated Balance Sheets - December 31, 2025 and September 30, 2025(unaudited)Condensed Consolidated Statements of Operations- Three Months Ended December 31,2025 and 2024 (unaudited)Condensed Consolidated Statements of Shareholders’ Equity - Three Months EndedDecember 31, 2025 and 2024 (unaudited)Condensed Consolidated Statements of Cash Flows-Three Months Ended December 31,2025 and 2024 (unaudited)Notesto Condensed Consolidated Financial Statements(unaudited)Item2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem3.Quantitative and Qualitative Disclosures about Market RiskItem4.Controls and ProceduresPARTII.OTHER INFORMATIONItem1.Legal ProceedingsItem1A.Risk FactorsItem2.Unregistered Sales of Equity Securities and Use of ProceedsItem3.Defaults upon Senior SecuritiesItem4.Mine Safety DisclosuresItem5.Other InformationItem6.ExhibitsSIGNATURES PARTI—FINANCIAL INFORMATION INNOVATIVE SOLUTIONS AND SUPPORT, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1. Summary of Significant Accounting Policies Certain of Innovative Solutions and Support,Inc.’s (the “Company,” “IA,” “we,” or “us”) dba Innovative Aerosystemsand its subsidiaries significant accounting policies are described below. All of the Company’s significant accounting Description of the Company Incorporated in Pennsylvania in 1988, IA is a vertically integrated provider of flight solutions and equipment tocommercial air transport, general aviation markets, the United States Department of Defense (“DoD”) and allied We operate in one business segment that designs, develops, manufactures, sells and services avionics products andsystems for retrofit applications and original equipment manufacturers (“OEMs”). Basis of Presentation The accompanying unaudited condensed consolidated financial statements are presented pursuant to the rules andregulations of the United States Securities and Exchange Commission (the “SEC”) in accordance with the disclosurerequirements for the quarterly report on Form 10-Q and, therefore, do not include all of the information and footnotesrequired by generally accepted accounting principles in the United States (“GAAP”) for complete annual financialstatements. In the opinion of Company management, the unaudited condensed consolidated financial statements reflectall adjustments (consisting of normal recurring adjustments) necessary to state fairly the results for the interim periodspresented. The condensed consolidated balance sheet as of September 30, 2025 is derived from the audited financial Principles of Consolidation The Company’s condensed consolidated financial statements include the accounts of its wholly owned subsidiaries. Allintercompany balances and transactions have been eliminated in consolidation. Use of Estimates The financial statements of the Company have been prepared in accordance with accounting principles generallyaccepted in the United States of America (“GAAP”), which require management to make estimates and assumptionsthat affect the amounts reported in the financial statements. Actual results could differ from those estimates. Estimatesare used in accounting for, among other items, valuation of tangible and intangible assets acquired, evaluation ofallowances for credit losses accounts, inventory obsolescence, product warranty cost liabilities, income taxes, Business Combinations The Company evaluates each of its acquisitions in accordance with Financial Accounting Standards Board (“FASB”)Accounting Standards Codification (“ASC”) Topic 805, Business Combinations (“ASC 805”), to determine whetherthe transaction is a business combination or an asset acquisition. In determining whether an acquisition should be Table of Contents acquired is concentrated in a single identifiable asset or a group of similar identifiable assets. If this is the case, theacquired set is not deemed to be a business and is instead accounted for as an asset acquisition. If this is not the case,the Company then further evaluates whether the acquired set includes, at a minimum, an input and a substantive The Company accounts for business acquisitions using the acquisition method of accounting. Under this method ofaccounting, assets acquired and liabilities assume