Innovative Aerosystems, Inc. (ISSC) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 53.22M | 58.36M | 50.73M | 39.81M | 41.46M | 34.06M | 34.69M | 26.37M | 24.47M | 26.93M | 34.67M | 25.94M | 31.06M | 29.22M | 28.2M | 24.79M | 21.24M | 18.92M | 17.69M | 17.31M |
| Cash & Short-Term Investments | 6.76M | 8.29M | 2.69M | 601.76K | 1.23M | 604.56K | 538.98K | 521.04K | 574.08K | 467.33K | 3.1M | 2.57M | 19.79M | 19.44M | 17.25M | 14.54M | 11.62M | 9.71M | 8.27M | 7.48M |
| Cash Only | 6.76M | 8.29M | 2.69M | 601.76K | 1.23M | 604.56K | 538.98K | 521.04K | 574.08K | 467.33K | 3.1M | 2.57M | 19.79M | 19.44M | 17.25M | 14.54M | 11.62M | 9.71M | 8.27M | 7.48M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 14.84M | 17.71M | 18.28M | 12.67M | 15.59M | 11.13M | 14.29M | 8.43M | 7.29M | 6.23M | 10.23M | 6.2M | 4.13M | 3.48M | 4.46M | 3.02M | 4.06M | 3.72M | 4.05M | 4.29M |
| Days Sales Outstanding | 65.49 | 75.9 | 63.99 | 53.26 | 54.81 | 73.22 | 67.93 | 60.79 | 57.29 | 81.35 | 58.16 | 59.03 | 46.64 | 56.05 | 47.37 | 46.41 | 51.12 | 53.36 | 55.82 | 52.58 |
| Inventory | 28.07M | 28.27M | 25.8M | 20.72M | 18.85M | 15.51M | 12.73M | 14.54M | 9.12M | 7.8M | 6.14M | 5.74M | 5.9M | 5.25M | 5.35M | 4.91M | 4.69M | 4.61M | 4.55M | 4.84M |
| Days Inventory Outstanding | 231.96 | 235.72 | 244.65 | 111.74 | 140.13 | 128.58 | 182.97 | 196.25 | 149.29 | 169.42 | 112 | 164.28 | 193 | 174.64 | 168.73 | 151.6 | 157.07 | 154.32 | 148.1 | 152.86 |
| Other Current Assets | 3.54M | 130.87K | 134.75K | 1.71M | 972.81K | 1.27M | 486.11K | 826.91K | 325.03K | 284.16K | 2.51M | 775.33K | 413.92K | 247.5K | 365.16K | 1.84M | 333.78K | 243.09K | 514.94K | 410.04K |
| Total Non-Current Assets | 85.05M | 51.57M | 52.63M | 51.97M | 48.42M | 47.2M | 47.7M | 33.41M | 33.15M | 28.77M | 28.28M | 36.41M | 7.06M | 6.73M | 6.5M | 6.83M | 8.76M | 9.15M | 9.4M | 9.7M |
| Property, Plant & Equipment | 20.72M | 20.04M | 19.37M | 18.15M | 14.73M | 13.45M | 13.37M | 11.6M | 12.46M | 7.94M | 7.91M | 10.06M | 6.22M | 6.26M | 6.32M | 6.41M | 8.08M | 8.17M | 8.19M | 8.22M |
| Fixed Asset Turnover | 1.10x | 1.11x | 1.19x | 1.47x | 1.56x | 1.19x | 1.23x | 0.98x | 1.05x | 1.17x | 1.45x | 0.98x | 1.18x | 1.04x | 1.14x | 0.96x | 0.84x | 0.82x | 0.84x | 0.75x |
| Goodwill | 15.77M | 6.7M | 6.7M | 6.7M | 6.7M | 5.21M | 5.21M | 4.07M | 3.56M | 3.56M | 3.56M | 4.61M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 46.94M | 22.95M | 23.58M | 24.14M | 24.69M | 26.54M | 27.01M | 16.09M | 15.65M | 15.92M | 16.19M | 20.91M | 60.35K | 60.35K | 60.35K | 61.41K | 61.41K | 62.47K | 62.47K | 63.54K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 670.83K | 185.27K | 157.86K | 397.87K | 165.59K | 150.12K | 471.63K | 540.7K | 311.2K | 212.46K | 176.66K | 179.93K | 182.53K | 75.3K | 75.3K | 75.3K | 76.26K | 79.84K | 82.83K | 85.59K |
| Total Assets | 138.27M | 109.94M | 103.36M | 91.78M | 89.89M | 81.25M | 82.38M | 59.78M | 57.62M | 55.7M | 62.96M | 62.35M | 38.12M | 35.96M | 34.71M | 31.62M | 30M | 28.06M | 27.09M | 27.02M |
| Asset Turnover | 0.18x | 0.20x | 0.23x | 0.27x | 0.26x | 0.20x | 0.22x | 0.20x | 0.19x | 0.16x | 0.21x | 0.16x | 0.20x | 0.18x | 0.22x | 0.23x | 0.24x | 0.24x | 0.25x | 0.25x |
| Asset Growth % | 53.82% | 35.3% | 25.46% | 53.53% | 55.99% | 45.88% | 30.85% | -4.12% | 51.15% | 54.91% | 81.41% | 97.21% | 27.08% | 28.13% | 28.13% | 17.02% | 31.6% | 30.22% | -34.8% | -34.26% |
| Total Current Liabilities | 16.48M | 19.7M | 16.66M | 11.28M | 8.52M | 6.52M | 7.27M | 16.15M | 15.8M | 15.37M | 6.4M | 8.15M | 3.55M | 3.44M | 3.94M | 2.77M | 2.58M | 2.27M | 2.47M | 4.01M |
| Accounts Payable | 4.49M | 7.51M | 3.58M | 5.11M | 4.71M | 1.88M | 2.32M | 3.34M | 2.65M | 1.55M | 1.34M | 767.1K | 1.5M | 842.26K | 708.85K | 752.48K | 744.69K | 500.46K | 623.62K | 936.04K |
| Days Payables Outstanding | 49.39 | 48.33 | 45.68 | 27.73 | 26.86 | 19.09 | 37.97 | 49.69 | 36.99 | 35.04 | 19.84 | 31.98 | 40.52 | 25.55 | 24.05 | 23.66 | 21.04 | 18.95 | 24.61 | 32.05 |
| Short-Term Debt | 5.64M | 2.44M | 2.44M | 0 | 0 | 0 | 0 | 9.86M | 10.64M | 10.61M | 2M | 2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 2.22M | 3.52M | 2.48M | 2.53M | 731.79K | 358.81K | 340.48K | 131.53K | 96.65K | 228.31K | 143.36K | 102.95K | 191.73K | 91.78K | 259.18K | 329.12K | 276.73K | 335.85K | 417.5K | 1.53M |
| Other Current Liabilities | 4.13M | 0 | 0 | 0 | 0 | 0 | -2.1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 3.23x | 2.96x | 3.04x | 3.53x | 4.87x | 5.22x | 4.77x | 1.63x | 1.55x | 1.75x | 5.42x | 3.18x | 8.74x | 8.49x | 7.16x | 8.96x | 8.23x | 8.33x | 7.16x | 4.32x |
| Quick Ratio | 1.53x | 1.53x | 1.50x | 1.69x | 2.66x | 2.85x | 3.02x | 0.73x | 0.97x | 1.24x | 4.46x | 2.48x | 7.08x | 6.96x | 5.80x | 7.19x | 6.42x | 6.30x | 5.32x | 3.11x |
| Cash Conversion Cycle | 248.06 | 263.3 | 262.96 | 137.28 | 168.08 | 182.72 | 212.93 | 207.35 | 169.59 | 215.73 | 150.33 | 191.33 | 199.12 | 205.13 | 192.05 | 174.35 | 187.15 | 188.73 | 179.3 | 173.38 |
| Total Non-Current Liabilities | 49.68M | 21.49M | 22.1M | 23.72M | 27.86M | 26.96M | 28.48M | 448.93K | 444.44K | 427.58K | 17.92M | 18.42M | 424.16K | 421.94K | 15.06K | 18.41K | 21.79K | 25.21K | 28.68K | 0 |
| Long-Term Debt | 49.28M | 21.09M | 21.7M | 23.26M | 27.4M | 26.51M | 28.03M | 0 | 0 | 0 | 17.5M | 18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 424.16K | 11.76K | 15.06K | 18.41K | 21.79K | 25.21K | 28.68K | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 396.5K | 396.5K | 396.5K | 459.13K | 456.72K | 451.35K | 451.35K | 448.93K | 444.44K | 427.58K | 421.51K | 420.95K | 0 | 410.17K | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 66.15M | 41.19M | 38.76M | 35M | 36.37M | 33.48M | 35.74M | 16.6M | 16.25M | 15.8M | 24.32M | 26.57M | 3.98M | 3.86M | 3.96M | 2.78M | 2.6M | 2.3M | 2.5M | 4.01M |
| Total Debt | 54.92M | 23.53M | 24.14M | 23.26M | 27.4M | 26.51M | 28.03M | 9.86M | 10.65M | 10.62M | 19.51M | 20.01M | 437.44K | 25.21K | 28.68K | 32.19K | 35.74K | 39.34K | 42.98K | 2.24K |
| Net Debt | 48.16M | 15.24M | 21.45M | 22.66M | 26.18M | 25.91M | 27.49M | 9.34M | 10.08M | 10.16M | 16.42M | 17.44M | -19.35M | -19.42M | -17.22M | -14.51M | -11.58M | -9.67M | -8.22M | -7.48M |
| Debt / Equity | 0.76x | 0.34x | 0.37x | 0.41x | 0.51x | 0.55x | 0.60x | 0.23x | 0.26x | 0.27x | 0.51x | 0.56x | 0.01x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Debt / EBITDA | 9.29x | 3.22x | 2.64x | 5.37x | 3.60x | 9.78x | 5.58x | 3.72x | 5.18x | 5.24x | 4.77x | 12.71x | 0.29x | 0.03x | 0.01x | 0.02x | 0.02x | 0.03x | 0.02x | 0.00x |
| Net Debt / EBITDA | 8.15x | 2.08x | 2.35x | 5.23x | 3.43x | 9.56x | 5.47x | 3.53x | 4.90x | 5.01x | 4.01x | 11.07x | -12.79x | -22.14x | -7.21x | -8.17x | -6.09x | -6.37x | -4.20x | -5.73x |
| Interest Coverage | 9.71x | 12.68x | 16.35x | 8.62x | 18.03x | 3.15x | 18.52x | 11.90x | 9.95x | 4.76x | 10.99x | - | - | - | - | - | - | - | - | - |
| Total Equity | 72.11M | 68.74M | 64.6M | 56.79M | 53.51M | 47.77M | 46.64M | 43.18M | 41.38M | 39.9M | 38.64M | 35.78M | 34.15M | 32.09M | 30.75M | 28.83M | 27.4M | 25.76M | 24.59M | 23.01M |
| Equity Growth % | 34.76% | 43.9% | 38.52% | 31.51% | 29.33% | 19.73% | 20.71% | 20.68% | 21.18% | 24.34% | 25.65% | 24.1% | 24.63% | 24.56% | 25.08% | 25.31% | 35.23% | 32.48% | -11.47% | -40.09% |
| Book Value per Share | 3.94 | 3.81 | 3.55 | 3.18 | 3.03 | 2.72 | 2.67 | 2.47 | 2.37 | 2.28 | 2.21 | 2.04 | 1.97 | 1.85 | 1.78 | 1.67 | 1.59 | 1.49 | 1.43 | 1.34 |
| Total Shareholders' Equity | 72.11M | 68.74M | 64.6M | 56.79M | 53.51M | 47.77M | 46.64M | 43.18M | 41.38M | 39.9M | 38.64M | 35.78M | 34.15M | 32.09M | 30.75M | 28.83M | 27.4M | 25.76M | 24.59M | 23.01M |
| Common Stock | 17.83K | 17.77K | 17.63K | 19.72K | 19.65K | 19.64K | 17.5K | 19.59K | 19.56K | 19.55K | 19.54K | 19.53K | 19.52K | 19.47K | 19.41K | 19.37K | 19.37K | 19.34K | 19.34K | 19.34K |
| Retained Earnings | 35.79M | 32.35M | 28.29M | 21.18M | 18.74M | 13.4M | 12.67M | 9.49M | 7.93M | 6.73M | 5.67M | 3.03M | 1.61M | 339.61K | -359.04K | -1.96M | -3.32M | -4.75M | -5.88M | -7.41M |
| Treasury Stock | -3.46M | -3.46M | -3.46M | -21.37M | -21.37M | -21.37M | -3.46M | -21.37M | -21.37M | -21.37M | -21.37M | -21.37M | -21.37M | -21.37M | -21.37M | -21.37M | -21.37M | -21.37M | -21.37M | -21.37M |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |