Company: NOTV
Filing Date: 2025-12-05
Form Type: 10-K
Source: 0001628280-25-055483
Chunk: 191

Company: Inotiv, Inc.
Filing Date: 2025-12-05
Form: 10-K
Item: Item 1
Chunk 191
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51,512 41,986 Current portion of long-term operating lease6,896 11,774 Current portion of long-term debt 402,123 3,538 Total current liabilities556,784 119,042 Long-term operating leases, net 44,344 40,010 Long-term debt, less current portion, net of debt issuance costs— 389,801 Other long-term liabilities28,385 34,963 Deferred tax liabilities, net5,573 27,041 Total liabilities635,086 610,857 Contingencies (Note 15)Shareholders’ equity:Common shares, no par value:Authorized 74,000,000 shares at September 30, 2025 and September 30, 2024; 34,357,251 issued and outstanding at September 30, 2025 and 26,015,129 at September 30, 20248,551 6,466 Additional paid-in capital756,062 724,789 Accumulated deficit(630,813)(562,163)Accumulated other comprehensive income2,228 1,412 Total equity attributable to common shareholders136,028 170,504 Total liabilities and shareholders’ equity$771,114 $781,361 

The accompanying notes are an integral part of the consolidated financial statements.

73

INOTIV, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts)

Fiscal Year Ended September 30, 202520242023Service revenue$232,866 $219,663 $223,813 Product revenue280,158 271,076 348,612 Total revenue$513,024 $490,739 $572,425 Costs and expenses:Cost of services provided (excluding depreciation and amortization of intangible assets)170,867 157,826 147,819 Cost of products sold (excluding depreciation and amortization of intangible assets)221,177 221,742 242,664 Selling21,145 20,883 19,075 General and administrative71,099 77,034 104,706 Depreciation and amortization of intangible assets55,928 57,118 54,717 Other operating expense3,710 42,542 18,537 Goodwill impairment loss— — 66,367 Operating loss$(30