Company: NOTV
Filing Date: 2025-12-05
Form Type: 10-K
Source: 0001628280-25-055483
Chunk: 46

Company: Inotiv, Inc.
Filing Date: 2025-12-05
Form: 10-K
Item: Item 7
Chunk 46
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 to an increase in our discovery and translational science services revenue.

DSA operating income decreased by $415, or 4.8%, primarily due to an increase of $10,998 in cost of revenue, partially offset by the $7,827 increase in revenue noted above and a decrease of $2,870 in operating expenses. The increase in cost of revenue was primarily due to increases in compensation and benefits expense, partially as a result of additional commercial activity at our Rockville facility, research model expense, professional fees, repairs and maintenance expense and utilities expense, among other changes. The decrease in operating expenses primarily related to decreases in bad debt expense and professional fees, partially offset by an increase in compensation and benefits expense. 

47

RMS

Twelve Months EndedSeptember 30,20252024$ Change% ChangeRevenue$325,081$310,623$14,458 4.7 %Cost of revenue 1253,830252,3521,4780.6 %Operating expenses 213,39951,586(38,187)(74.0)%Depreciation and amortization of intangible assets37,24138,614(1,373)(3.6)%Operating income (loss) 3$20,611$(31,929)$52,540(164.6)%Operating income (loss) % of total revenue4.0 %(6.5)%Operating income (loss) % of segment revenue6.3 %(10.3)%1 Cost of revenue excludes depreciation and amortization of intangible assets, which is separately stated2 Operating expenses include selling, general and administrative and other operating expenses and exclude depreciation and amortization of intangible assets, which is separately stated3 Table may not foot due to rounding 

For the twelve months ended September 30, 2025, RMS revenue was $325,081 compared to $310,623 for the twelve months ended September 30, 2024, representing an increase of $14,458, or 4.7%. The increase in RMS revenue was due primarily to increased NHP product and service revenue of $14,340. 

For the fiscal year ended September 30, 2025, RMS operating income was $20,611, compared to an operating loss of $(31,929) for the fiscal year ended September 30, 2024, a change of $52,540. This change was primarily driven by a decrease in RMS operating expenses of $38,187, the