Company: NOTV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-039017
Chunk: 223

Company: Inotiv, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 223
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,039$6,771$(2,732)(40.3)%Operating income % of total revenue1.1 %1.9 %1Cost of revenue includes cost of services provided and cost of products sold and excludes depreciation and amortization of intangible assets, which is separately stated2Operating expenses include selling, general and administrative and other operating expenses and excludes depreciation and amortization of intangible assets, which is separately stated3Table may not foot due to rounding

DSA revenue increased $756 in the nine months ended June 30, 2025 compared to the nine months ended June 30, 2024. The increase in DSA revenue was primarily driven by an increase in general toxicology services revenue, partially offset by a decrease in discovery services revenue. 

DSA operating income decreased by $2,732 in the nine months ended June 30, 2025 compared to the nine months ended June 30, 2024, primarily due to the increase of $5,289 in cost of revenue and an increase of $283 in depreciation and amortization of intangible assets, partially offset by a decrease of $2,084 in operating expenses and the increase in revenue discussed above. The increase in cost of revenue was primarily due to increased compensation and benefits expense, increased research animal model costs and increased repair and maintenance costs, partially offset by a decrease in facility-related costs. The decrease in operating expenses primarily related to decreases in professional fees and bad debt expense, partially offset by increased compensation and benefits costs. 

RMS

Nine Months EndedJune 30,20252024$ Change% ChangeRevenue$238,578$224,774$13,804 6.1 %Cost of revenue1185,432182,8802,552 1.4 %Operating expenses28,56846,086(37,518)(81.4)%Depreciation and amortization of intangible assets27,95328,781(828)(2.9)%Operating income (loss) 3$16,625$(32,973)$49,598150.4 %Operating income (loss) % of total revenue4.4 %(9.2)%1Cost of revenue includes cost of services provided and cost of products sold and excludes depreciation and amortization of intangible assets, which is separately stated2Operating expenses include selling, general and administrative and other operating expenses and excludes depreciation and amortization of intangible assets, which is separately stated3 Table may not foot due to rounding