NASDAQ : INVA
Innoviva, Inc. — Financial statements
Healthcare · Biotechnology · United States
Last price 21.31 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.54B
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Financial statements
Innoviva, Inc. (INVA) reported revenue of 440.00M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 213.71M | 174.85M | 116.98M | 71.62M | 19.69M | |
| Other Revenue | 226.29M | 236.48M | 241.73M | 238.85M | 311.64M | 391.87M |
| Revenue | 440.00M | 411.33M | 358.71M | 310.46M | 331.34M | 391.87M |
| Cost of Revenue | 120.25M | 103.09M | 35.70M | 46.91M | 45.20M | 576.00K |
| Gross Profit | 319.75M | 308.23M | 323.01M | 263.55M | 286.14M | 391.29M |
| Selling, General & Admin | 126.48M | 113.37M | 116.42M | 100.72M | 63.54M | 16.19M |
| Amortization of Goodwill & Intangibles | 26.43M | 26.28M | 25.90M | 21.78M | 5.58M | |
| Operating Expenses | 150.96M | 139.65M | 142.32M | 122.50M | 69.12M | 16.19M |
| Operating Income | 168.79M | 168.59M | 180.69M | 141.05M | 217.02M | 375.10M |
| Interest Expense | -18.23M | -16.70M | -22.21M | -19.16M | -15.79M | -19.07M |
| Interest & Investment Income | 30.21M | 21.09M | 19.14M | 15.82M | 6.37M | 1.84M |
| Other Non Operating Income (Expenses) | -1.47M | -2.86M | -3.00M | -4.97M | -3.37M | -3.63M |
| EBT Excluding Unusual Items | 179.29M | 170.11M | 174.62M | 132.74M | 204.22M | 354.25M |
| Merger & Restructuring Charges | -6.21M | -4.84M | -13.82M | -27.16M | -10.02M | |
| Gain (Loss) on Sale of Investments | 246.32M | 161.59M | -123.41M | 88.52M | -153.29M | 91.03M |
| Gain (Loss) on Sale of Assets | 266.70M | |||||
| Other Unusual Items | -20.66M | |||||
| Pretax Income | 419.40M | 326.86M | 37.39M | 194.10M | 286.95M | 445.28M |
| Income Tax Expense | 62.16M | 55.70M | 14.00M | 14.38M | 66.69M | 76.44M |
| Earnings From Continuing Operations | 357.24M | 271.17M | 23.39M | 179.72M | 220.26M | 368.84M |
| Minority Interest in Earnings | -6.34M | -102.98M | ||||
| Net Income | 357.24M | 271.17M | 23.39M | 179.72M | 213.92M | 265.85M |
| Net Income to Common | 357.24M | 271.17M | 23.39M | 179.72M | 213.92M | 265.85M |
| Shares Outstanding (Basic) | 72.90M | 67.39M | 62.73M | 65.44M | 69.64M | 82.06M |
| Shares Outstanding (Diluted) | 84.85M | 84.76M | 74.19M | 86.88M | 95.25M | 94.31M |
| EPS (Basic) | 4.90 | 4.02 | 0.37 | 2.75 | 3.07 | 3.24 |
| EPS (Diluted) | 4.31 | 3.30 | 0.36 | 2.20 | 2.37 | 2.87 |
| Free Cash Flow | 189.44M | 195.80M | 188.42M | 140.65M | 201.66M | 363.81M |
| Free Cash Flow Per Share | 2.23 | 2.31 | 2.54 | 1.62 | 2.12 | 3.86 |
| Gross Margin | 72.67% | 74.94% | 90.05% | 84.89% | 86.36% | 99.85% |
| Operating Margin | 38.36% | 40.99% | 50.37% | 45.43% | 65.50% | 95.72% |
| Profit Margin | 81.19% | 65.92% | 6.52% | 57.89% | 64.56% | 67.84% |
| Free Cash Flow Margin | 43.05% | 47.60% | 52.53% | 45.30% | 60.86% | 92.84% |
| EBITDA | 195.39M | 194.99M | 206.72M | 162.93M | 222.71M | 375.11M |
| EBITDA Margin | 44.41% | 47.41% | 57.63% | 52.48% | 67.21% | 95.73% |
| D&A For EBITDA | 26.60M | 26.41M | 26.03M | 21.88M | 5.69M | 9.00K |
| EBIT | 168.79M | 168.59M | 180.69M | 141.05M | 217.02M | 375.10M |
| EBIT Margin | 38.36% | 40.99% | 50.37% | 45.43% | 65.50% | 95.72% |
| Effective Tax Rate | 14.82% | 17.04% | 37.43% | 7.41% | 23.24% | 17.17% |
| Revenue as Reported | 440.00M | 411.33M | 358.71M | 310.46M | 331.34M | 391.87M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 570.39M | 550.94M | 304.96M | 193.51M | 291.05M | 201.53M |
| Short-Term Investments | 8.67M | 15.73M | 107.53M | |||
| Cash & Short-Term Investments | 579.06M | 566.67M | 412.50M | 193.51M | 291.05M | 201.53M |
| Receivables | 110.62M | 93.32M | 86.37M | 84.08M | 64.07M | 110.71M |
| Inventory | 38.97M | 39.17M | 33.73M | 40.74M | 55.90M | |
| Prepaid Expenses | 24.41M | 26.72M | 21.06M | 21.63M | 29.56M | 1.37M |
| Other Current Assets | 313.00K | 1.64M | 656.00K | 4.26M | 2.93M | 70.00K |
| Total Current Assets | 753.37M | 727.51M | 554.31M | 344.22M | 443.51M | 313.67M |
| Property, Plant & Equipment | 12.51M | 12.48M | 2.97M | 3.02M | 3.44M | 109.00K |
| Long-Term Investments | 660.85M | 598.22M | 393.96M | 560.98M | 403.01M | 483.85M |
| Goodwill | 17.91M | 17.91M | 17.91M | 17.91M | 26.71M | |
| Other Intangible Assets | 168.98M | 182.16M | 208.43M | 230.34M | 252.92M | |
| Long-Term Deferred Tax Assets | 12.05M | 17.33M | ||||
| Long-Term Deferred Charges | 49.23M | 56.14M | 69.96M | 83.78M | 97.61M | 111.43M |
| Other Long-Term Assets | 39.89M | 40.74M | 41.48M | 3.27M | 4.30M | 11.00K |
| Total Assets | 1.70B | 1.64B | 1.30B | 1.24B | 1.23B | 926.39M |
| Accounts Payable | 4.02M | 4.97M | 2.13M | 6.72M | 2.94M | 27.00K |
| Accrued Expenses | 30.02M | 31.64M | 27.49M | 28.93M | 29.63M | 5.67M |
| Current Portion of Long-Term Debt | 6.30M | 8.12M | 198.47M | 98.83M | ||
| Current Portion of Leases | 712.00K | 418.00K | 1.57M | 1.21M | 1.32M | 106.00K |
| Current Income Taxes Payable | 274.00K | 154.00K | ||||
| Current Unearned Revenue | 6.01M | 4.27M | 1.13M | 1.28M | 2.09M | |
| Other Current Liabilities | 5.30M | |||||
| Total Current Liabilities | 47.06M | 49.70M | 236.08M | 38.13M | 134.97M | 5.81M |
| Long-Term Debt | 313.73M | 311.83M | 319.41M | 516.11M | 512.13M | 394.65M |
| Long-Term Leases | 10.49M | 10.87M | 1.18M | 1.64M | 2.38M | |
| Long-Term Deferred Tax Liabilities | 36.74M | 31.79M | 563.00K | 5.77M | ||
| Other Long-Term Liabilities | 61.44M | 58.13M | 53.23M | 12.11M | 10.47M | |
| Total Liabilities | 469.46M | 462.32M | 609.90M | 568.55M | 665.71M | 400.46M |
| Common Stock | 727.00K | 747.00K | 627.00K | 633.00K | 692.00K | 696.00K |
| Additional Paid-In Capital | 859.99M | 902.73M | 692.33M | 1.09B | 1.16B | 1.26B |
| Retained Earnings | 372.54M | 269.37M | -1.80M | -25.19M | -204.91M | -456.15M |
| Treasury Stock | -393.83M | -393.83M | -393.83M | |||
| Total Common Equity | 1.23B | 1.17B | 691.16M | 674.96M | 565.79M | 414.74M |
| Minority Interest | 111.19M | |||||
| Shareholders' Equity | 1.23B | 1.17B | 691.16M | 674.96M | 565.79M | 525.93M |
| Total Liabilities & Equity | 1.70B | 1.64B | 1.30B | 1.24B | 1.23B | 926.39M |
| Total Debt | 331.24M | 331.25M | 520.63M | 518.95M | 614.65M | 394.76M |
| Net Cash (Debt) | 247.82M | 235.42M | -108.13M | -325.44M | -323.60M | -193.23M |
| Net Cash Per Share | 2.92 | 2.78 | -1.46 | -3.75 | -3.40 | -2.05 |
| Filing Date Shares Outstanding | 72.25M | 74.07M | 62.68M | 63.23M | 68.13M | 69.57M |
| Total Common Shares Outstanding | 72.64M | 74.64M | 62.66M | 63.31M | 69.19M | 69.57M |
| Working Capital | 706.30M | 677.82M | 318.22M | 306.08M | 308.54M | 307.87M |
| Book Value Per Share | 16.98 | 15.71 | 11.03 | 10.66 | 8.18 | 5.96 |
| Tangible Book Value | 1.05B | 972.78M | 464.82M | 426.71M | 286.16M | 414.74M |
| Tangible Book Value Per Share | 14.41 | 13.03 | 7.42 | 6.74 | 4.14 | 5.96 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 357.24M | 271.17M | 23.39M | 179.72M | 213.92M | 265.85M |
| Depreciation & Amortization | 26.60M | 26.41M | 26.03M | 21.88M | 5.69M | 9.00K |
| Other Amortization | 15.36M | 15.71M | 15.93M | 15.89M | 15.88M | 22.96M |
| Loss (Gain) From Sale of Assets | -266.70M | |||||
| Asset Writedown & Restructuring Costs | 9.37M | 9.37M | ||||
| Loss (Gain) From Sale of Investments | -246.32M | -161.59M | 123.41M | -88.52M | 153.29M | -89.31M |
| Stock-Based Compensation | 12.19M | 9.45M | 6.37M | 5.84M | 7.35M | 2.02M |
| Other Operating Activities | 58.58M | 50.59M | 481.00K | 31.05M | 65.43M | 179.16M |
| Change in Accounts Receivable | -22.36M | -6.95M | -2.29M | -20.00M | 9.79M | -16.78M |
| Change in Inventory | 1.89M | -12.92M | -6.81M | -12.00M | 280.00K | |
| Change in Accounts Payable | -1.37M | 2.83M | -4.58M | 3.78M | 92.00K | -39.00K |
| Change in Unearned Revenue | 2.89M | 3.14M | -151.00K | -817.00K | -755.00K | |
| Change in Income Taxes | 4.78M | 4.06M | 41.48M | 1.73M | 10.03M | |
| Change in Other Net Operating Assets | -27.36M | -14.33M | -34.58M | 2.53M | -12.57M | -54.00K |
| Operating Cash Flow | 191.49M | 196.93M | 188.69M | 141.06M | 201.73M | 363.81M |
| Capital Expenditures | -2.05M | -1.13M | -270.00K | -411.00K | -67.00K | |
| Sale of Property, Plant & Equipment | 197.00K | 12.00K | 101.00K | |||
| Cash Acquisitions | -136.03M | |||||
| Sale (Purchase) of Intangibles | -9.37M | -9.37M | -4.00M | |||
| Investment in Securities | 35.02M | 50.98M | -59.62M | -66.35M | 79.47M | 43.72M |
| Investing Cash Flow | 23.79M | 40.50M | -63.79M | -66.76M | -56.63M | 43.72M |
| Long-Term Debt Issued | 252.54M | |||||
| Long-Term Debt Repaid | -25.00K | -96.20M | -165.13M | |||
| Net Debt Issued (Repaid) | -25.00K | -25.00K | -96.20M | 87.41M | ||
| Issuance of Common Stock | 13.74M | 13.25M | 1.47M | 170.00K | 370.00K | 1.17M |
| Repurchase of Common Stock | -56.15M | -4.67M | -14.92M | -75.81M | -8.59M | -394.21M |
| Other Financing Activities | -134.76M | -59.46M | ||||
| Financing Cash Flow | -42.43M | 8.55M | -13.45M | -171.84M | -55.57M | -452.50M |
| Net Cash Flow | 172.86M | 245.98M | 111.45M | -97.54M | 89.52M | -44.96M |
| Free Cash Flow | 189.44M | 195.80M | 188.42M | 140.65M | 201.66M | 363.81M |
| Free Cash Flow Margin | 43.05% | 47.60% | 52.53% | 45.30% | 60.86% | 92.84% |
| Free Cash Flow Per Share | 2.23 | 2.31 | 2.54 | 1.62 | 2.12 | 3.86 |
| Levered Free Cash Flow | 110.33M | 122.07M | 151.13M | 123.24M | 143.42M | 230.52M |
| Unlevered Free Cash Flow | 120.20M | 130.62M | 162.90M | 133.15M | 151.23M | 233.30M |
| Cash Interest Paid | 7.95M | 10.35M | 10.36M | 11.38M | 11.74M | 9.93M |
| Cash Income Tax Paid | 19.53M | 19.11M | 11.79M | 53.85M | ||
| Change in Working Capital | -41.52M | -24.16M | -6.93M | -24.79M | 6.87M | -16.87M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.51B | 1.49B | 1.09B | 1.03B | 924.63M | 1.20B |
| Enterprise Value | 1.27B | 1.28B | 1.35B | 1.37B | 1.17B | 1.55B |
| Last Close Price | 21.22 | 19.99 | 17.35 | 16.04 | 13.25 | 17.25 |
| PE Ratio | 4.86 | 5.51 | 46.43 | 5.72 | 4.32 | 4.51 |
| Forward PE | 10.89 | 9.67 | 10.91 | 19.56 | 9.74 | 10.07 |
| PS Ratio | 3.48 | 3.63 | 3.03 | 3.31 | 2.79 | 3.06 |
| PB Ratio | 1.25 | 1.27 | 1.57 | 1.52 | 1.63 | 2.28 |
| P/TBV Ratio | 1.47 | 1.54 | 2.34 | 2.41 | 3.23 | 2.89 |
| P/FCF Ratio | 8.09 | 7.63 | 5.76 | 7.31 | 4.58 | 3.29 |
| P/OCF Ratio | 8.01 | 7.59 | 5.76 | 7.29 | 4.58 | 3.29 |
| PEG Ratio | 3.66 | 0.28 | 0.32 | 0.32 | 0.32 | 0.32 |
| EV/Sales Ratio | 2.92 | 3.12 | 3.76 | 4.40 | 3.52 | 3.94 |
| EV/EBITDA Ratio | 6.58 | 6.59 | 6.52 | 8.39 | 5.24 | 4.12 |
| EV/EBIT Ratio | 7.61 | 7.62 | 7.46 | 9.69 | 5.38 | 4.12 |
| EV/FCF Ratio | 6.78 | 6.56 | 7.15 | 9.72 | 5.79 | 4.25 |
| Debt / Equity Ratio | 0.27 | 0.28 | 0.75 | 0.77 | 1.09 | 0.75 |
| Debt / EBITDA Ratio | 1.68 | 1.69 | 2.50 | 3.14 | 2.74 | 1.05 |
| Debt / FCF Ratio | 1.75 | 1.69 | 2.76 | 3.69 | 3.05 | 1.08 |
| Net Debt / Equity Ratio | -0.20 | -0.20 | 0.16 | 0.48 | 0.57 | 0.37 |
| Net Debt / EBITDA Ratio | -1.27 | -1.21 | 0.52 | 2.00 | 1.45 | 0.52 |
| Net Debt / FCF Ratio | -1.31 | -1.20 | 0.57 | 2.31 | 1.60 | 0.53 |
| Asset Turnover | 0.29 | 0.28 | 0.28 | 0.25 | 0.31 | 0.41 |
| Inventory Turnover | 2.73 | 2.83 | 0.96 | 0.97 | ||
| Quick Ratio | 14.65 | 13.28 | 2.11 | 7.28 | 2.63 | 53.77 |
| Current Ratio | 16.01 | 14.64 | 2.35 | 9.03 | 3.29 | 54.02 |
| Return on Equity (ROE) | 36.68% | 29.09% | 3.43% | 28.97% | 40.35% | 65.06% |
| Return on Assets (ROA) | 6.95% | 7.18% | 8.88% | 7.12% | 12.57% | 24.34% |
| Return on Invested Capital (ROIC) | 14.05% | 16.11% | 12.56% | 13.82% | 20.71% | 42.38% |
| Return on Capital Employed (ROCE) | 10.20% | 10.60% | 17.00% | 11.70% | 19.80% | 40.70% |
| Earnings Yield | 20.57% | 18.14% | 2.15% | 17.48% | 23.14% | 22.18% |
| FCF Yield | 12.36% | 13.10% | 17.35% | 13.68% | 21.81% | 30.35% |
| Buyback Yield / Dilution | -0.03% | -14.25% | 14.61% | 8.79% | -1.00% | 16.95% |
| Total Shareholder Return | -0.03% | -14.25% | 14.61% | 8.79% | -1.00% | 16.95% |