Company: NOTV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-039017
Chunk: 1

Company: Inotiv, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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,785 170,504 Total liabilities and shareholders’ equity$759,737 $781,361 

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

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Table of Contents

INOTIV, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts)

(unaudited)

Three Months EndedJune 30,Nine Months EndedJune 30,2025 202420252024Service revenue$59,579 $54,364 $169,264 $165,188 Product revenue71,104 51,422 205,618 195,134 Total revenue$130,683 $105,786 $374,882 $360,322 Costs and expenses:  Cost of services provided (excluding depreciation and amortization of intangible assets)42,983 39,622 125,719 117,362 Cost of products sold (excluding depreciation and amortization of intangible assets)53,778 45,083 161,212 161,728 Selling5,530 5,030 15,745 15,781 General and administrative17,879 16,782 54,183 56,505 Depreciation and amortization of intangible assets13,985 14,119 41,988 42,524 Other operating expense2,203 5,902 155 39,661 Operating loss$(5,675)$(20,752)$(24,120)$(73,239)Other (expense) income:Interest expense, net(13,606)(12,116)(40,890)(34,568)Other income (expense) 519 (82)464 1,092 Loss before income taxes$(18,762)$(32,950)$(64,546)$(106,715)Income tax benefit1,185 6,863 4,473 16,721 Consolidated net loss$(17,577)$(26,087)$(60,073)$(89,994)Less: Net loss attributable to noncontrolling interests— — — (440)Net loss attributable to common shareholders$(17,577)$(26,087)$(60,073)$(89,554)Loss per common shareNet loss attributable to common shareholders:Basic$(0.51)$(1.00)$(1