Inotiv Reports Fourth Quarter and Full Year Financial Results for Fiscal 2025 and Provides Business Update

Core Insights - Inotiv, Inc. reported a 5.9% increase in revenue for Q4 FY 2025, reaching $138.1 million, and a 4.5% increase for FY 2025, totaling $513.0 million [1][12] - The operating loss for Q4 FY 2025 decreased by 48.5% to $6.8 million, while the annual operating loss for FY 2025 decreased by 64.2% to $30.9 million [1][6] Financial Performance - Q4 FY 2025 revenue was $138.1 million, up from $130.4 million in Q4 FY 2024, driven by a $7.1 million increase in DSA revenue and a $0.7 million increase in RMS revenue [7][10] - FY 2025 revenue increased to $513.0 million from $490.7 million in FY 2024, with RMS revenue up by $14.5 million and DSA revenue up by $7.8 million [12][13] - Consolidated net loss for Q4 FY 2025 was $8.6 million, or 6.2% of total revenue, compared to a loss of $18.9 million, or 14.5% of total revenue, in Q4 FY 2024 [7][10] - Adjusted EBITDA for Q4 FY 2025 was $11.8 million, or 8.5% of total revenue, compared to $5.4 million, or 4.1% of total revenue, in Q4 FY 2024 [7][10] Segment Performance - DSA revenue for Q4 FY 2025 was $51.6 million, a 15.7% increase from $44.6 million in Q4 FY 2024, while RMS revenue was $86.5 million, a slight increase of 0.8% from $85.8 million [2][32] - For FY 2025, DSA revenue totaled $187.9 million, up 4.3% from $180.1 million in FY 2024, and RMS revenue reached $325.1 million, a 4.7% increase from $310.6 million [2][12] Operational Highlights - The book-to-bill ratio for Q4 FY 2025 was 1.08x for the DSA services business, indicating strong demand [7] - DSA backlog increased to $138.2 million at September 30, 2025, up from $129.9 million at the same time last year [7] Management Commentary - The CEO emphasized the focus on improving cash flow, margins, and client metrics, noting that the revenue increase was in line with expectations [3][4] - The company remains committed to client satisfaction and delivering high-quality products and services, with a significant increase in DSA net awards by approximately 61% year-over-year [4]