What is the market's earnings forecast for Inotiv next quarter?

What is the revenue and EPS growth rate for Inotiv year over year?

What were the key takeaways from Inotiv's earnings call?

What is Inotiv's gross profit margin?

What is Inotiv's latest dividend and current dividend yield?

What guidance did Inotiv's management provide for the next earnings period?

Did Inotiv beat or miss consensus estimates last quarter?

What factors drove the changes in Inotiv's revenue and profit?

- **DSA Growth**: 12% revenue rise, 27% YoY awards increase, 1.16:1 book-to-bill ratio highlight DSA strength.
- **RMS Challenges**: 5.4% revenue decline, 25% NHP volume drop weigh on margins; site optimization costs persist.
- **Financial Health**: Net loss $28.4M, adjusted EBITDA $1.8M; cash $12.7M, debt $405.8M.
- **Strategic Moves**: Debt refinancing in progress; NAMs collaborations to drive innovation and reduce animal use.

**【CEO Summary Section】**
- **Revenue Growth**: Total revenue $120.9M (Q1 2026) vs $119.9M (Q1 2025), driven by 12% DSA growth (to $48M) and 13% RMS services growth, offset by 5.4% RMS revenue decline.
- **DSA Momentum**: Discovery & translational sciences (DTS) up 26%, safety assessment up 7%. Q1 DSA awards $53.6M (+27% YoY), trailing 12M awards +34%. Book-to-bill 1.16:1 (Q1) and 1.08:1 (12M).
- **RMS Challenges**: NHP sales down 25% YoY, RMS operating loss $16.3M (+$2.4M YoY). NHP services revenue up 13%.
- **Strategic Initiatives**: Site optimization closures of 2 leased facilities, $5.2M Q1 CapEx (4.3% of revenue). Engaged Perella Weinberg for debt refinancing; received covenant waiver.
- **NAMs Innovation**: Collaborations for machine learning tools and human tissue access to enhance human-relevant models.

**【CFO Financial Commentary】**
- **Profitability**: Consolidated net loss $28.4M (-$0.83 EPS) vs $27.6M (-$1.02 EPS). Adjusted EBITDA $1.8M (1.5% of revenue) vs $2.6M (2.2%).
- **Margins**: DSA operating income $8.2M (6.8% of revenue) vs $7.1M (5.9%). RMS operating income $7.2M (5.9%) vs $9.4M (7.9%).
- **Liquidity**: Cash $12.7M (down from $21.7M). Debt $405.8M, including $118.2M convertible notes.
- **Cash Flow**: Operating cash outflow $5.4M vs $4.5M. Capital expenditures $5.2M (4.3% of revenue).

**【Q&A Highlights】**
- **Profitability Drivers**: Lower NHP volume (-25% YoY) offset DSA margin gains. Pricing stabilization expected to improve margins in H2 2026.
- **Seasonality**: Q1 typically weaker due to university closures; Q2 starts strong with January awards (+27% YoY).
- **RMS Leverage**: Site optimization costs will reduce sequentially, but NHP volume recovery needed for margin improvement.
- **NAMs Impact**: Collaborations with machine learning tools and human tissue access to accelerate drug discovery timelines.
- **NHP Outlook**: Full-year 2026 NHP revenue expected flat vs 2025, with services growth offsetting lower sales volume.

Inotiv, Inc. (NOTV) Q1 2026 Earnings Call Transcript

- **Revenue Growth**: Q4 2025, DSA segment drives 5.9% YoY increase.
- **DSA Strength**: Awards up 61% YoY, with improving margins.
- **RMS Efficiency**: 13 facilities closed, reducing costs by $6M-$7M annually.
- **Cybersecurity Impact**: Q4 results reflect one-time recovery costs.

**【CEO Summary Section】**
- **Revenue Growth**: Q4 2025 total revenue of $138.1M, up 5.9% YoY, driven by DSA segment (+15.7% YoY to $51.6M). FY2025 revenue reached $513M, +4.5% YoY.
- **DSA Momentum**: Q4 DSA awards rose 61% YoY to $54.2M, with a book-to-bill ratio of 1.08:1. Backlog conversion rate hit 37.4%, highest in 3 years.
- **RMS Efficiency**: RMS revenue up 4.7% YoY, with 13 facilities closed since 2023, reducing costs by $6M-$7M annually.
- **Cybersecurity Impact**: Q4 results reflect costs from August incident, including third-party recovery efforts.

**【CFO Financial Commentary】
- **Profitability**: GAAP net loss of $8.6M, narrower than Q4 2024 loss of $18.9M. Adjusted EBITDA up 122% YoY.
- **Cash Flow**: Q4 cash from operations was $14.3M, boosting liquidity to $21.7M.

**【Q&A Highlights】**
- **Headwinds Quantified**: Cybersecurity costs included overtime and third-party expenses, though intangible impacts remain.
- **Q4 2025 Trends**: DSA awards up 37% YoY, but RMS faces seasonal slowdowns.
- **FDA Guidance**: Minimal exposure to FDA NAM impact, with NHP sales unaffected.


Inotiv, Inc. (NOTV) Q4 2025 Earnings Call Transcript

- **Revenue Surge**: Q3 2025 revenue up 23.5% YoY to $130.7M, driven by 34% RMS growth and 9% DSA expansion. Discovery services awards jumped 31.3% YoY.
- **Profitability Recovery**: EBITDA of $11.6M (8.9% margin), vs. $0.1M in Q3 2024. DSA margins improved 4.6% QoQ, though still lagging prior year.
- **Legal Closure**: SEC investigation resolved without enforcement; $10M legal accrual fully recoverable via insurance.
- **Operational Efficiency**: RMS margins at 12.9%, highest since Q1 2024. $6M-$7M annual savings target from $6.5M capital investments.
- **Customer Focus**: 60%-70% of customers use multiple sites; on-time delivery metrics improved, with emphasis on seamless multi-site service.

**【CEO Opening Remarks】**
- **Revenue Growth**: Q3 2025 revenue of $130.7M, up 23.5% YoY, driven by RMS (+34.1%) and DSA (+8.9%) segments. Net DSA awards increased 25% YoY, with Discovery services up 31.3%.
- **Margin Improvement**: EBITDA of $11.6M (8.9% of revenue), up from $0.1M in Q3 2024. DSA operating margins improved 4.6% QoQ, though still 0.8% below Q3 2024 levels.
- **Legal Resolution**: SEC investigation concluded without enforcement action; $10M legal accrual recorded, with full recovery expected via insurance.
- **Site Optimization**: RMS operating margins at 12.9%, highest since Q1 2024. $6M-$7M annual savings target from $6.5M capital investments, with 2 facility sales planned by Q4 2025.
- **Customer Satisfaction**: On-time delivery metrics improved, with 60%-70% of customers using multiple sites. Focus on seamless multi-site service experience.

**【CFO Financial Commentary】**
- **Revenue Breakdown**: DSA ($48.2M, +9% YoY) driven by biotherapeutics and medical devices; RMS ($82.5M, +34% YoY) due to higher NHP volumes and prices.
- **Profitability**: Consolidated net loss of $17.6M (-$0.51 EPS) vs. $26.1M loss (-$1 EPS) in Q3 2024. Adjusted EBITDA of $11.6M, highest since Q4 2023.
- **Cash Flow**: $6.2M cash on hand vs. $21.4M in Q3 2024. Capital expenditures of $4M (3.1% of revenue), with annual spend expected below 4%.
- **Debt Management**: Total debt $396.5M, including $114.8M convertible notes. Focus on strategic balance sheet review and third-party advisory engagement.

**【Q&A Highlights】**
- **Cancellations Trend**: Q3 cancellations 31% higher YoY, but trailing 12-month rate up only 2%. CEO expects elevated cancellations to persist, requiring higher gross bookings.
- **Site Optimization Next Steps**: Shift to fine-tuning existing facilities vs. new construction. Dallas expansion and process improvements to drive capacity.
- **NHP Imports**: Cambodia imports remain possible, but no plans to resume; U.S. NHP supply stable, pricing unchanged.
- **Customer Satisfaction**: On-time delivery metrics significantly improved, with focus on multi-site coordination and root-cause analysis.
- **Cash Flow Outlook**: Higher NHP inventory to support customer demand, with potential to convert excess inventory to cash if needed.

Inotiv, Inc. (NOTV) Q3 2025 Earnings Call Transcript

- **Revenue Growth**: Q2 2025 revenue up 4.4% YoY to $124.3M, driven by 9.1% RMS segment growth.
- **Margin Expansion**: RMS operating margins at 12.5%, with $6-7M annual savings from $6.5M site optimization project.
- **FDA Alignment**: NAMs adoption gradual; computational tox and ex vivo assays seeing incremental growth.
- **DSA Recovery**: Book-to-bill ratio 1.01:1, new orders up 27% YoY; expect margin improvement in H2 2025.
- **Tariff Impact**: 10% tariffs on NHP imports manageable; no material demand change yet.

**【CEO Opening Remarks】**
- Q2 2025 revenue: $124.3M (4.4% YoY growth), driven by RMS segment (+9.1%) due to higher NHP volumes.
- RMS operating margins improved to their strongest since Q1 2024; expect further margin expansion with $6.5M site optimization project (completed by Q1 2026, saving $6-7M annually).
- DSA segment revenue down 3% YoY due to lower general toxicology services, but book-to-bill ratio at 1.01:1 and new orders up 27% YoY.
- FDA's focus on NAMs (e.g., computational tox, ex vivo assays) aligns with Inotiv's existing capabilities; expect gradual adoption but no immediate replacement of animal models.
- Tariffs on NHP imports may impact costs, but no material demand change seen yet.

**【CFO Financial Highlights】**
- Adjusted EBITDA: $8M (6.4% of revenue) vs. $3.1M (2.6%) in Q2 2024.
- DSA non-GAAP operating income: $5M (4% of revenue) vs. $8.2M (6.9%) in Q2 2024.
- RMS non-GAAP operating income: $15.6M (12.5% of revenue) vs. $8.2M (6.9%) in Q2 2024.
- Net loss: $14.9M (-$0.44 EPS) vs. $48.1M (-$1.86 EPS) in Q2 2024.
- Cash: $19.3M; total debt: $399.5M.

**【Q&A Key Takeaways】**
- **FDA/NAMs**: Clients beginning to inquire about NAMs, but adoption slow; computational tox and proteomics services seeing incremental growth.
- **RMS Optimization**: Accelerated timeline for $6.5M project (completion by Q1 2026) to save $6-7M annually; focuses on reducing repair/maintenance costs and improving client service.
- **DSA Margins**: Expect sequential improvement in H2 2025 as higher-cost NHPs exit pipeline and discovery services leverage new capacity.
- **Tariffs**: 10% tariffs on NHP imports currently manageable; no clarity on higher tariffs' impact yet.
- **Investor Day**: Scheduled for May 29 to discuss strategic initiatives and client value proposition.

Inotiv, Inc. (NOTV) Q2 2025 Earnings Call Transcript

- **Revenue Volatility Mitigation**: $27.5M equity raise and NHP pre-sales to stabilize RMS (-15.1% YoY). 
- **Cost Efficiency**: $5M RMS consolidation to save $4-5M annually by 2026.
- **Margin Recovery**: NHP margins to improve Q2+ as high-cost inventory cleared.
- **DSA Growth**: Discovery awards +16% QoQ, offsetting 17% trailing 12M decline.
- **Liquidity Strength**: $38M cash vs $21.4M prior quarter, compliant with covenant amendments.

**【CEO Opening Remarks】**
- Q1 2025 revenue: $119.9M (-11.5% YoY), driven by 15.1% RMS decline due to lower NHP pricing.
- Key initiatives: 
  - $27.5M equity proceeds to improve liquidity.
  - NHP pre-sales for 2025 to reduce volatility.
  - $5M investment in RMS site consolidation, targeting $4-5M annual savings by Q4 2026.
- Outlook: Expect YoY revenue and EBITDA growth in Q2-Q4 2025, with improved NHP margins.

**【CFO Financial Summary】**
- GAAP net loss: $27.6M (-143% YoY), driven by lower NHP margins.
- Adjusted EBITDA: $2.6M (2.2% of rev) vs $9.6M (7.1% of rev) YoY.
- DSA segment: $42.8M (-4.3% YoY), 5.9% operating margin.
- RMS segment: $9.4M (7.9% of rev) vs $16.9M (12.5% of rev) YoY.
- Cash: $38M (vs $21.4M prior quarter), debt: $396M.

**【Q&A Key Takeaways】**
1. **NHP Inventory**: All high-cost inventory cleared; Q2+ pricing stable at 30% YoY decline.
2. **Market Dynamics**: Cambodia export uncertainty could tighten global supply; Inotiv diversified suppliers.
3. **Colony Management**: 20%+ growth expected, using 250/700 acres in Texas.
4. **DSA Trends**: Discovery service awards +16% QoQ, but trailing 12M down 17%.
5. **Liquidity**: Equity proceeds and reduced restructuring costs improve cash flow compliance with covenants.


Actual											-0.16	-0.03	-0.06	-0.15	0.06	-3.93	-0.24	-0.15	-9.54	-3.41	-0.39	0.07	-0.38	-0.6	-1.86	-1	-0.73	-1.02	-0.44	-0.51	-0.25	-0.83
Forecast												-0.19	-0.03	-0.08	-0.15	-0.0433	-0.64	-0.02	-0.08	-1.0133	-0.3359	0.0328	-0.1677	-0.5467	-0.3844	-0.835	-0.975	-0.7718	-0.635	-0.3935	-0.46	-0.638
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+84.21%	-100.00%	-87.50%	+140.00%	-8976.21%	+62.50%	-650.00%	-11825.00%	-236.52%	-16.11%	+113.41%	-126.60%	-9.75%	-383.87%	-19.76%	+25.13%	-32.16%	+30.71%	-29.61%	+45.65%	-30.09%

NOTV

NOTV fundamentals

NOTV Q1 2026 Earnings

Earnings Call

You can ask Aime

NOTV

NOTV fundamentals

NOTV Q1 2026 Earnings

Earnings Call

NOTV Earnings Call Summary for Q1/20268:30 AM on Feb 9, 2026

NOTV Earnings Call Summary for Q4/20254:30 PM on Dec 3, 2025

NOTV Earnings Call Summary for Q3/20254:30 PM on Aug 6, 2025

NOTV Earnings Call Summary for Q2/20254:30 PM on May 7, 2025

NOTV Earnings Call Summary for Q1/20254:30 PM on Feb 5, 2025

You can ask Aime