NASDAQ : INVZ

Innoviz Technologies Ltd. — Financial statements

Consumer Discretionary · Auto Parts · Israel

Last price 0.2278 USD (Oct 30, 2026, 3:09 PM EDT) · Market cap 65.61M

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Financial statements

Innoviz Technologies Ltd. (INVZ) reported revenue of 53.17M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Revenue53.17M55.09M24.27M20.88M6.03M5.47M
Cost of Revenue49.69M42.18M25.43M32.49M14.79M10.49M
Gross Profit3.48M12.90M-1.16M-11.61M-8.76M-5.02M
Selling, General & Admin28.14M24.16M26.94M28.31M29.48M59.30M
Research & Development56.95M56.48M73.82M92.68M95.11M93.34M
Operating Expenses85.10M80.64M100.76M120.99M124.58M152.63M
Operating Income-81.62M-67.73M-101.92M-132.60M-133.35M-157.65M
Interest & Investment Income2.07M1.80M7.33M9.79M2.37M
Currency Exchange Gain (Loss)5.00M5.00M
Other Non Operating Income (Expenses)-7.09M-7.09M6.80M
EBT Excluding Unusual Items-81.64M-68.02M-94.59M-122.81M-126.55M-155.29M
Gain (Loss) on Sale of Investments400.00K400.00K2.01M
Pretax Income-81.24M-67.62M-94.59M-122.81M-126.55M-153.28M
Income Tax Expense158.00K171.00K167.00K642.00K325.00K284.00K
Net Income-81.40M-67.80M-94.76M-123.45M-126.87M-153.56M
Preferred Dividends & Other Adjustments5.04M
Net Income to Common-81.40M-67.80M-94.76M-123.45M-126.87M-158.60M
Shares Outstanding (Basic)213.58M199.90M167.22M147.48M135.22M102.86M
Shares Outstanding (Diluted)213.58M199.90M167.22M147.48M135.22M102.86M
EPS (Basic)-0.38-0.34-0.57-0.84-0.94-1.54
EPS (Diluted)-0.38-0.34-0.57-0.84-0.94-1.54
Free Cash Flow-55.22M-52.17M-81.37M-99.63M-115.98M-86.31M
Free Cash Flow Per Share-0.26-0.26-0.49-0.68-0.86-0.84
Gross Margin6.54%23.43%-4.78%-55.63%-145.44%-91.88%
Operating Margin-153.51%-122.95%-419.97%-635.19%-2,212.89%-2,884.25%
Profit Margin-153.10%-123.06%-390.46%-591.37%-2,105.41%-2,901.63%
Free Cash Flow Margin-103.86%-94.70%-335.29%-477.26%-1,924.63%-1,578.96%
EBITDA-76.40M-62.38M-94.67M-125.41M-126.24M-154.29M
EBITDA Margin-143.69%-113.23%
D&A For EBITDA5.22M5.35M7.24M7.20M7.11M3.36M
EBIT-81.62M-67.73M-101.92M-132.60M-133.35M-157.65M
EBIT Margin-153.51%-122.95%

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents25.73M8.64M25.36M26.28M55.72M23.64M
Short-Term Investments22.71M63.48M42.58M119.08M122.36M242.09M
Cash & Short-Term Investments48.44M72.11M67.95M145.37M178.08M265.73M
Accounts Receivable13.78M9.98M6.04M7.39M1.76M513.00K
Other Receivables1.24M109.00K147.00K613.00K388.00K
Receivables13.78M11.21M6.15M7.54M2.38M901.00K
Inventory5.36M3.34M1.91M1.87M4.24M4.26M
Prepaid Expenses4.82M1.36M859.00K1.50M1.33M1.84M
Restricted Cash16.00K16.00K16.00K53.00K236.00K901.00K
Other Current Assets2.19M5.74M4.13M1.29M804.00K
Total Current Assets72.41M90.23M82.62M160.46M187.55M274.43M
Property, Plant & Equipment43.39M44.94M46.63M51.26M57.42M14.50M
Long-Term Investments4.81M7.84M38.29M
Other Long-Term Assets3.94M3.28M2.80M2.71M2.62M
Total Assets119.74M138.45M132.05M219.23M255.43M327.22M
Accounts Payable14.82M8.60M8.81M8.04M8.37M5.76M
Accrued Expenses17.57M13.77M13.34M17.25M14.87M14.16M
Current Portion of Leases6.41M5.95M4.33M4.03M3.72M
Current Unearned Revenue3.02M1.85M274.00K6.95M4.08M196.00K
Other Current Liabilities1.26M1.02M960.00K1.40M1.54M
Total Current Liabilities41.82M31.43M27.77M37.23M32.43M21.66M
Long-Term Leases29.23M29.30M25.26M28.48M30.20M
Long-Term Unearned Revenue61.00K4.52M
Other Long-Term Liabilities7.00K86.00K240.00K720.00K2.24M
Total Liabilities71.04M60.73M53.12M65.94M63.42M28.42M
Additional Paid-In Capital891.27M875.56M808.97M788.58M703.85M683.76M
Retained Earnings-842.57M-797.84M-730.04M-635.29M-511.83M-384.96M
Total Common Equity48.70M77.72M78.93M153.29M192.02M298.80M
Shareholders' Equity48.70M77.72M78.93M153.29M192.02M298.80M
Total Liabilities & Equity119.74M138.45M132.05M219.23M255.43M327.22M
Total Debt35.63M35.25M29.59M32.51M33.92M
Net Cash (Debt)12.81M36.86M38.35M117.67M152.00M304.02M
Net Cash Per Share0.060.180.230.801.122.96
Filing Date Shares Outstanding224.60M214.52M198.96M165.84M136.32M134.24M
Total Common Shares Outstanding224.60M214.09M169.40M165.39M136.19M134.10M
Working Capital30.59M58.81M54.85M123.23M155.12M252.76M
Book Value Per Share0.220.360.470.931.412.23
Tangible Book Value48.70M77.72M78.93M153.29M192.02M298.80M
Tangible Book Value Per Share0.220.360.470.931.412.23
Machinery22.04M21.03M24.79M22.71M17.41M
Leasehold Improvements18.70M18.43M18.15M17.50M4.63M

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income-81.40M-67.80M-94.76M-123.45M-126.87M-153.56M
Depreciation & Amortization5.22M5.35M7.24M7.20M7.11M3.36M
Loss (Gain) From Sale of Assets-8.00K-75.00K-44.00K
Asset Writedown & Restructuring Costs519.00K519.00K542.00K2.00M362.00K599.00K
Loss (Gain) From Sale of Investments-156.00K-156.00K-534.00K-409.00K-1.91M
Stock-Based Compensation15.72M15.95M19.68M22.32M19.45M64.74M
Other Operating Activities-1.23M-2.33M1.48M-1.99M343.00K-399.00K
Change in Accounts Receivable-5.07M-6.85M1.35M-5.63M-1.25M1.99M
Change in Inventory-2.16M240.00K-37.00K2.37M20.00K-2.09M
Change in Accounts Payable10.68M-67.00K-72.00K424.00K1.08M-2.00M
Change in Unearned Revenue-427.00K1.58M-6.67M1.97M262.00K-421.00K
Change in Other Net Operating Assets6.63M5.64M-5.11M2.16M6.13M7.17M
Operating Cash Flow-51.67M-47.92M-76.95M-93.05M-93.41M-82.52M
Capital Expenditures-3.54M-4.25M-4.41M-6.58M-22.57M-3.78M
Sale of Property, Plant & Equipment2.92M2.92M75.00K54.00K
Investment in Securities42.49M-20.00M79.93M7.68M150.50M-277.87M
Other Investing Activities-57.00K-57.00K-122.00K-40.00K-2.63M56.00K
Investing Cash Flow41.81M-21.39M75.47M1.06M125.35M-281.60M
Long-Term Debt Repaid-2.64M
Net Debt Issued (Repaid)-2.64M
Issuance of Common Stock22.02M51.47M224.00K61.86M609.00K218.46M
Other Financing Activities121.36M
Financing Cash Flow22.02M51.47M224.00K61.86M609.00K337.18M
Foreign Exchange Rate Adjustments30.00K1.12M308.00K515.00K-1.14M716.00K
Net Cash Flow12.19M-16.73M-955.00K-29.62M31.41M-26.23M
Free Cash Flow-55.22M-52.17M-81.37M-99.63M-115.98M-86.31M
Free Cash Flow Margin-103.86%-94.70%-335.29%-477.26%-1,924.63%-1,578.96%
Free Cash Flow Per Share-0.26-0.26-0.49-0.68-0.86-0.84
Levered Free Cash Flow-23.33M-26.69M-50.52M-61.08M-73.07M-30.81M
Unlevered Free Cash Flow-23.33M-26.69M-50.52M-61.08M-73.07M-30.81M
Cash Interest Paid94.00K
Cash Income Tax Paid295.00K295.00K232.00K703.00K128.00K237.00K
Change in Working Capital9.65M540.00K-10.54M1.29M6.24M4.65M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization66.25M177.91M283.39M417.17M533.73M847.62M
Enterprise Value53.44M138.53M225.48M284.96M349.01M525.45M
Last Close Price0.230.851.682.533.936.34
PS Ratio1.253.2311.6819.9888.57155.07
PB Ratio1.062.293.592.722.782.84
P/TBV Ratio1.362.293.592.722.782.84
EV/Sales Ratio1.012.529.2913.6557.9296.13
Debt / Equity Ratio0.730.450.380.210.18
Net Debt / Equity Ratio-0.26-0.47-0.49-0.77-0.79-1.02
Net Debt / EBITDA Ratio0.170.590.410.941.201.97
Net Debt / FCF Ratio0.230.710.471.181.313.52
Asset Turnover0.390.410.140.090.020.03
Inventory Turnover11.6116.0713.4810.643.483.27
Quick Ratio1.492.652.674.115.5612.31
Current Ratio1.732.872.984.315.7812.67
Return on Equity (ROE)-114.79%-86.56%-81.61%-71.50%-51.70%-88.28%
Return on Assets (ROA)-37.67%-31.30%-36.27%-34.92%-28.61%-49.29%
Return on Capital Employed (ROCE)-104.70%-63.30%-97.70%-72.90%-59.80%-51.60%
Earnings Yield-165.70%-38.11%-33.44%-29.59%-23.77%-18.12%
FCF Yield-83.35%-29.32%-28.71%-23.88%-21.73%-10.18%
Buyback Yield / Dilution-18.33%-19.54%-13.38%-9.06%-31.46%-522.83%