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Inotiv (NOTV)
NASDAQ:NOTV
Earnings Data
Report Date
May 07, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.64Last Year’s EPS
-0.44Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented meaningful operational progress in the DSA business — including double-digit revenue growth, strong award activity, an increasing backlog and improving DSA margins — and tangible execution on site optimization and NAMs collaborations. However, these positives are tempered by notable financial and operational headwinds: a larger consolidated net loss, declining adjusted EBITDA, reduced cash balances, high net debt and a covenant waiver, as well as RMS pressure from a roughly 25% decline in NHP volumes. Management is taking active steps on refinancing and cost optimization, but short-term liquidity and RMS volume issues present material risks. Overall, the call balanced solid commercial momentum in DSA with significant near-term financial and RMS challenges.Company Guidance
Overall Revenue Slightly Up
Total revenue of $120.9M in Q1 FY2026 versus $119.9M in Q1 FY2025, an increase of $1.0M or +0.8% year-over-year, driven primarily by DSA growth.
Strong DSA Revenue Growth
DSA revenue was $48.0M vs $42.8M a year ago, up ~12% year-over-year. Within DSA, discovery/translational sciences (DTS) revenue was up 26% and safety assessment revenue up 7% year-over-year.
Robust DSA Awards, Backlog and Book-to-Bill
Net new DSA awards were $53.6M (a 27% increase vs Q1 FY2025). Management reported discovery awards up 44% and safety assessment awards up 22% year-over-year; trailing 12-month DSA awards increased 34% YoY. DSA backlog was $145.4M (up from $130.4M YoY) and DSA book-to-bill was 1.16:1 for the quarter (trailing 12-month 1.08:1).
Improving DSA Margins and Operating Income
Company reported the strongest Q1 DSA margins in three years. Non-GAAP DSA operating income was $8.2M or 6.8% of total revenue versus $7.1M or 5.9% in prior-year Q1, reflecting margin improvement driven by higher discovery revenue and operational leverage.
RMS Services Growth and Site Optimization Progress
RMS services revenue increased 13% year-over-year (driven by NHP colony management services). Company exited 2 leased facilities during the quarter as part of a site optimization plan expected to complete by Q3 FY2026, with ongoing transportation and fleet optimization initiatives expected to benefit future margins.
Balance Sheet / Financing Actions Underway
Company engaged Perella Weinberg Partners to explore debt refinancing alternatives and received a lender waiver for covenant noncompliance for Q1 FY2026, indicating active steps to address capital structure and lender cooperation.
NOTV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NOTV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 09, 2026 | $0.42 | $0.36 | -13.64% |
Dec 03, 2025 | $0.94 | $0.88 | -6.60% |
Aug 06, 2025 | $2.19 | $1.96 | -10.50% |
May 07, 2025 | $2.01 | $2.21 | +10.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Inotiv (NOTV) report earnings?
Inotiv (NOTV) is schdueled to report earning on May 07, 2026, Before Open (Confirmed).
What is Inotiv (NOTV) earnings time?
Inotiv (NOTV) earnings time is at May 07, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NOTV EPS forecast?
NOTV EPS forecast for the fiscal quarter 2026 (Q2) is -0.64.