Company: NOTV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-039017
Chunk: 61

Company: Inotiv, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 61
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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

RMS revenue increased $13,804 in the nine months ended June 30, 2025 compared to the nine months ended June 30, 2024, due primarily to increased NHP product and service revenue, mainly as a result of increased volume of sales of NHPs.

RMS operating income was $16,625 in the nine months ended June 30, 2025 compared to an operating loss of $32,973 in the nine months ended June 30, 2024, a change of $49,598. This change was primarily due to the decreased operating expenses and increased revenue discussed above, partially offset by an increase in cost of revenue. The $37,518 decrease in operating expenses was primarily due to the $28,500 million