What is Innovative Solutions & Support's contract assets?

Innovative Solutions & Support (ISSC) reported contract assets of $1.66M in Q1 2026.

How has Innovative Solutions & Support's contract assets changed year-over-year?

Innovative Solutions & Support's contract assets decreased by 6.4% year-over-year, from $1.77M to $1.66M.

What does contract assets mean?

Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

Innovative Solutions & Support ISSC Contract Assets

Contract Assets at other companies

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$3.44B+17.0%

Raytheon TechnologiesRTX

$18.07B+18.6%

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$249.23M+18.4%

Mercury SystemsMRCY

$278.48M-8.4%

Northrop GrummanNOC

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Other financials

Income statement

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Revenue$22.4M+2.0%

Gross profit$11.4M+1.5%

Operating income$4.9M-29.2%

Net income$3.4M-35.6%

EPS (diluted)$0.19-36.7%

Balance sheet

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Cash & equivalents$6.8M+452%

Total debt$54.9M+100%

Total equity$72.1M+34.8%

Total assets$138.3M+53.8%

Cash flow

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Operating cash flow$2.3M+77.9%

CapEx$1.6M+4.4%

Free cash flow$666.8K—

Valuation

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Market cap$304M+39.9%

Enterprise value$352.15M+44.7%

P/E17.8×-2.3×

P/S3.4×0.0×

Profitability

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Gross margin50.7%+0.5pp

Operating margin25.4%+2.7pp

Net margin18.8%+2.2pp

FCF margin14.6%+10.6pp

Returns & leverage

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Return on equity27.1%+4.4pp

Debt / equity0.8×+0.2×

Current ratio3.2×-1.6×

Where this comes from

Reported directly by Innovative Solutions & Support in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The official record: Innovative Solutions & Support’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Innovative Solutions & Support's contract assets?: Innovative Solutions & Support (ISSC) reported contract assets of $1.66M in Q1 2026.
How has Innovative Solutions & Support's contract assets changed year-over-year?: Innovative Solutions & Support's contract assets decreased by 6.4% year-over-year, from $1.77M to $1.66M.
What does contract assets mean?: Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.