IVDN · Innovative Designs Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $632.2K | - | $612.6K | $796.4K | $543.9K | - | $278.3K | $300.3K | $65.9K | - |
| Cost of Revenue | - | - | - | - | - | - | - | $151.6K | - | - |
| Gross Profit | - | - | - | - | - | - | - | $148.8K | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $216.6K | - | $192.8K | $121.0K | $272.1K | - | $142.2K | - | $85.7K | - |
| Total Operating Expenses | $464.1K | - | $548.9K | $595.7K | $503.1K | - | $332.2K | $121.0K | $120.5K | - |
| D&A | $5.5K | - | $2.2K | $2.5K | $1.3K | - | $1.3K | $1.2K | $769 | - |
| Operating Income | $168.1K | - | $63.7K | $200.7K | $40.8K | - | ($53.9K) | $27.7K | ($54.6K) | - |
| Interest Expense | $2.2K | - | $3.8K | $4.3K | $3.3K | - | $6.4K | $4.3K | $7.6K | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | $161.6K | - | $62.4K | $204.2K | $36.2K | - | ($59.1K) | $22.2K | ($63.4K) | - |
| EPS - Basic | $0.00 | - | $0.01 | $0.01 | - | - | ($0.00) | $0.00 | ($0.00) | - |
| EPS - Diluted | $0.00 | - | $0.01 | $0.01 | - | - | ($0.00) | $0.00 | ($0.00) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $721.4K | $605.1K | $532.4K | $114.5K | $185.7K | $185.7K | $284.3K | $241.7K | $208.2K | $238.7K |
| Accounts Receivable | $255.6K | $344.7K | $271.2K | $720.5K | $539.3K | $321.9K | $57.3K | $123.2K | $10.4K | $31.1K |
| Inventory | $599.2K | $537.7K | $495.0K | $431.6K | $510.9K | $498.8K | $471.1K | $523.4K | $601.0K | $549.3K |
| Accounts Payable | $124.5K | $78.8K | $168.3K | $50.6K | $109.2K | $65.3K | $79.7K | $60.6K | $84.7K | $216.6K |
| Current Assets | $1.67M | $1.50M | $1.31M | $1.27M | $1.18M | $1.01M | $846.7K | $904.9K | $826.0K | $819.0K |
| Total Assets | $2.47M | $2.21M | $2.10M | $2.02M | $1.86M | $1.69M | $1.53M | $1.58M | $1.51M | $1.50M |
| Current Liabilities | $226.2K | $129.5K | $213.9K | $116.3K | $204.4K | $216.5K | $246.1K | $231.8K | $202.5K | $350.6K |
| Long-term Debt | - | $0 | - | - | - | $44.4K | - | - | - | $64.8K |
| Total Liabilities | $249.1K | $152.4K | $236.8K | $212.7K | $300.8K | $250.0K | $283.3K | $395.0K | - | - |
| Stockholders' Equity | $2.22M | $2.06M | $1.87M | $1.81M | $1.56M | $1.44M | $1.25M | $1.30M | $1.27M | $1.11M |
| Retained Earnings | ($9.88M) | ($10.05M) | ($10.24M) | ($10.30M) | ($10.50M) | ($10.54M) | ($10.74M) | ($10.64M) | ($10.70M) | ($10.64M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $227.1K | - | - | - | ($162.2K) | - | - | - | ($102.9K) | - |
| Investing Cash Flow | ($110.7K) | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | - | - | - | - | $86.5K | - | - | - | $92.3K | - |
| CapEx | $71.6K | - | - | - | - | - | - | - | $1.51M | - |
| Free Cash Flow | $155.5K | - | - | - | - | - | - | - | ($1.62M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | 49.5% | - | - |
| Operating margin | 26.6% | - | 10.4% | 25.2% | 7.5% | - | -19.4% | 9.2% | -82.9% | - |
| EBITDA margin | 27.5% | - | 10.8% | 25.5% | 7.7% | - | -18.9% | 9.6% | -81.7% | - |
| Net margin | 25.6% | - | 10.2% | 25.6% | 6.7% | - | -21.2% | 7.4% | -96.2% | - |
| Free cash flow margin | 24.6% | - | - | - | - | - | - | - | -2454.7% | - |
| FCF / Net income | 0.96 | - | - | - | - | - | - | - | 25.51 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 34.3% | - | 31.5% | 15.2% | 50.0% | - | 51.1% | - | 130.0% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | 6.5% | - | 3.0% | 10.1% | 1.9% | - | -3.9% | 1.4% | -4.2% | - |
| Return on equity | 7.3% | - | 3.3% | 11.3% | 2.3% | - | -4.7% | 1.7% | -5.0% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 7.39 | 11.56 | 6.14 | 10.89 | 5.76 | 4.65 | 3.44 | 3.90 | 4.08 | 2.34 |
| Quick ratio | 4.74 | 7.41 | 3.83 | 7.18 | 3.26 | 2.34 | 1.53 | 1.65 | 1.11 | 0.77 |
| Cash ratio | 3.19 | 4.67 | 2.49 | 0.98 | 0.91 | 0.86 | 1.16 | 1.04 | 1.03 | 0.68 |
| Leverage | ||||||||||
| Debt / Equity | - | 0.00 | - | - | - | 0.03 | - | - | - | 0.06 |
| Debt / Assets | - | 0.00 | - | - | - | 0.03 | - | - | - | 0.04 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 76.8x | - | 16.6x | 46.3x | 12.5x | - | -8.4x | 6.4x | -7.2x | - |
| Equity multiplier | 1.11 | 1.07 | 1.13 | 1.12 | 1.19 | 1.17 | 1.23 | 1.21 | 1.19 | 1.36 |
| Liabilities / Assets | 0.10 | 0.07 | 0.11 | 0.11 | 0.16 | 0.15 | 0.19 | 0.25 | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.26 | - | 0.29 | 0.39 | 0.29 | - | 0.18 | 0.19 | 0.04 | - |
| Inventory turnover | - | - | - | - | - | - | - | 0.29 | - | - |
| Days sales outstanding | 148d | - | 162d | 330d | 362d | - | 75d | 150d | 58d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | 1261d | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | 146d | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | 1264d | - | - |
| Valuation | ||||||||||
| P / E | - | - | 24.1x | 30.0x | - | - | - | 167.0x | - | - |
| P / B | 3.6x | - | - | 6.3x | 7.3x | - | 4.3x | 4.8x | 5.1x | - |
| P / S | 12.8x | - | - | 14.3x | 20.9x | - | 19.0x | 20.8x | 98.2x | - |
| EV / EBITDA | 42.5x | - | - | 55.4x | 265.8x | - | - | 208.1x | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 16.2% | - | 120.2% | 165.2% | 725.5% | - | 123.2% | 1002.2% | -8.0% | - |
| Revenue CAGR (3y) | 106.6% | - | 65.5% | 176.4% | 105.8% | - | 36.1% | 126.4% | 18.1% | - |
| Revenue CAGR (5y) | 73.7% | - | 46.5% | 86.0% | 62.9% | - | 41.5% | 58.1% | -9.6% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | 970.3% | - | - |
| Operating income growth (YoY) | 312.1% | - | - | 623.6% | - | - | 29.8% | - | 9.0% | - |
| Net income growth (YoY) | 346.5% | - | - | 818.6% | - | - | 29.6% | - | -7.3% | - |
| EPS growth (YoY) | - | - | - | 900.0% | - | - | 0.0% | - | 0.0% | - |
| EPS CAGR (3y) | - | - | 18.6% | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | -1438.0% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 42.3% | 42.7% | 49.9% | 38.4% | 22.7% | 30.1% | 18.6% | 37.7% | 20.1% | 10.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-10-31.
Business segments
$225.6K totalHousewrap$169.4K · 75.1%
Apparel$56.2K · 24.9%