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Inotiv (NOTV) investor relations material
Inotiv Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q4 2025 revenue rose 5.9% year-over-year to $138.1M; full year revenue up 4.5% to $513M, driven by DSA segment growth.
Q4 net loss attributable to shareholders was $8.6M ($0.25/share), improved from $18.9M ($0.73/share) in Q4 2024.
Q4 Adjusted EBITDA was $11.8M (8.5% margin), up from $5.4M (4.1%) in Q4 2024.
Q4 operating loss decreased to $6.8M, and full year operating loss down to $30.9M.
Overcame a significant cybersecurity incident in Q4, with minimal disruption to client delivery and continued business momentum.
Financial highlights
FY 2025 net loss was $68.6M (13.4% of revenue), improved from $108.9M (22.2%) in FY 2024.
Full year Adjusted EBITDA: $34M (6.6% margin), up from $18.2M (3.7%) in 2024.
Cash and cash equivalents at year-end were $21.7M; net debt at $402.1M as of September 30, 2025.
Capital expenditures for FY 2025 totaled $16.6M (3.2% of revenue), down from $22.3M in FY 2024.
Q4 interest expense: $15.7M, up from $12.3M in Q4 2024.
Outlook and guidance
Not providing formal fiscal 2026 guidance due to market and tariff uncertainties; will resume guidance when visibility improves.
Early Q1 2026 trends show continued strength in DSA quoting and awards, with optimism for ongoing revenue growth.
Management remains focused on improving cash flow, margins, and client metrics, with continued execution of strategic plans.
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