NASDAQ : IVA
Inventiva S.A. — Financial statements
Healthcare · Biotechnology · France
Last price 3.73 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 882.39M
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Financial statements
Inventiva S.A. (IVA) reported revenue of 2.46M EUR (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 49.00K | 4.48M | 9.20M | 17.48M | 12.18M | 4.19M |
| Other Revenue | 2.41M | 2.28M | 4.90M | 5.34M | 5.87M | 4.31M |
| Revenue | 2.46M | 6.76M | 14.10M | 22.82M | 18.05M | 8.50M |
| Cost of Revenue | 534.00K | 22.00K | 1.02M | 1.02M | 995.00K | 1.02M |
| Gross Profit | 1.92M | 6.74M | 13.07M | 21.80M | 17.06M | 7.48M |
| Selling, General & Admin | 52.64M | 43.62M | 16.64M | 14.84M | 14.64M | 10.68M |
| Research & Development | 84.21M | 83.17M | 87.51M | 106.60M | 57.26M | 45.26M |
| Other Operating Expenses | 11.97M | 11.56M | 4.46M | 3.08M | 2.32M | 5.16M |
| Operating Expenses | 148.81M | 139.62M | 108.62M | 124.51M | 74.22M | 61.10M |
| Operating Income | -146.89M | -132.88M | -95.55M | -102.71M | -57.16M | -53.62M |
| Interest Expense | -38.31M | -33.56M | -12.18M | -5.18M | -707.00K | -138.00K |
| Interest & Investment Income | 3.91M | 2.94M | 1.14M | 991.00K | 390.00K | 57.00K |
| Earnings From Equity Investments | -13.00K | -350.00K | -313.00K | -2.02M | ||
| Currency Exchange Gain (Loss) | 2.35M | -2.30M | 680.00K | -472.00K | 3.46M | 3.58M |
| Other Non Operating Income (Expenses) | -66.57M | -179.83M | -75.67M | -435.00K | -454.00K | -655.00K |
| EBT Excluding Unusual Items | -245.53M | -345.99M | -181.89M | -109.82M | -54.47M | -50.78M |
| Merger & Restructuring Charges | -1.24M | -8.41M | -2.16M | |||
| Gain (Loss) on Sale of Assets | 285.00K | 285.00K | 150.00K | -9.00K | 9.00K | |
| Legal Settlements | -614.00K | 180.00K | 1.50M | |||
| Pretax Income | -247.09M | -354.12M | -183.90M | -109.82M | -54.29M | -49.27M |
| Income Tax Expense | 629.00K | 22.00K | 313.00K | 607.00K | -20.00K | 364.00K |
| Net Income | -247.72M | -354.14M | -184.21M | -110.43M | -54.27M | -49.63M |
| Net Income to Common | -247.72M | -354.14M | -184.21M | -110.43M | -54.27M | -49.63M |
| Shares Outstanding (Basic) | 269.17M | 186.80M | 59.78M | 45.35M | 41.45M | 39.17M |
| Shares Outstanding (Diluted) | 269.17M | 186.80M | 59.78M | 45.35M | 41.45M | 39.17M |
| EPS (Basic) | -0.92 | -1.90 | -3.08 | -2.43 | -1.31 | -1.27 |
| EPS (Diluted) | -0.92 | -1.90 | -3.08 | -2.43 | -1.31 | -1.27 |
| Free Cash Flow | -96.95M | -105.13M | -86.26M | -82.15M | -45.49M | -48.16M |
| Free Cash Flow Per Share | -0.36 | -0.56 | -1.44 | -1.81 | -1.10 | -1.23 |
| Gross Margin | 78.26% | 99.67% | 92.73% | 95.54% | 94.49% | 88.04% |
| Operating Margin | -5,980.94% | -1,965.46% | -677.88% | -450.11% | -316.63% | -630.75% |
| Profit Margin | -10,086.44% | -5,237.95% | -1,306.93% | -483.92% | -300.65% | -583.87% |
| Free Cash Flow Margin | -3,947.68% | -1,554.96% | -612.00% | -360.02% | -251.99% | -566.56% |
| EBITDA | -149.06M | -132.50M | -93.39M | -101.85M | -56.29M | -52.76M |
| D&A For EBITDA | -2.17M | 388.00K | 2.16M | 862.00K | 870.00K | 858.00K |
| EBIT | -146.89M | -132.88M | -95.55M | -102.71M | -57.16M | -53.62M |
| Revenue as Reported | 3.62M | 7.93M | 14.72M | 23.16M | 18.81M | 8.50M |
Balance sheet
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 166.13M | 99.84M | 96.91M | 27.34M | 87.02M | 87.31M |
| Cash & Short-Term Investments | 166.13M | 99.84M | 96.91M | 27.34M | 87.02M | 87.31M |
| Accounts Receivable | 3.73M | 2.02M | 531.00K | 3.81M | 4.00M | |
| Other Receivables | 6.68M | 7.11M | 11.63M | 11.90M | 9.34M | 7.59M |
| Receivables | 10.41M | 9.12M | 12.16M | 15.71M | 9.34M | 11.59M |
| Inventory | 417.00K | 373.00K | 392.00K | |||
| Prepaid Expenses | 1.66M | 3.95M | 2.44M | 4.66M | 8.60M | 7.45M |
| Other Current Assets | 67.77M | 131.56M | -1.00K | 69.00K | 1.05M | 8.83M |
| Total Current Assets | 245.97M | 244.47M | 111.51M | 48.19M | 106.38M | 115.58M |
| Property, Plant & Equipment | 2.36M | 2.98M | 5.00M | 9.12M | 7.38M | 3.20M |
| Long-Term Investments | 528.00K | 527.00K | 1.14M | 1.43M | ||
| Other Intangible Assets | 310.00K | 182.00K | 48.00K | 541.00K | 568.00K | 770.00K |
| Long-Term Deferred Tax Assets | 197.00K | 191.00K | 217.00K | 225.00K | ||
| Other Long-Term Assets | 1.85M | 1.16M | 1.05M | 10.06M | 1.67M | 2.44M |
| Total Assets | 251.21M | 249.51M | 118.97M | 69.56M | 116.00M | 121.98M |
| Accounts Payable | 34.53M | 26.02M | 32.86M | 37.68M | 19.36M | 14.60M |
| Accrued Expenses | 15.57M | 15.24M | 8.27M | 7.14M | 5.47M | 3.81M |
| Current Portion of Long-Term Debt | 11.34M | 30.27M | 76.75M | 3.01M | 4.57M | 1.24M |
| Current Portion of Leases | 1.97M | 2.04M | 2.52M | 2.30M | 1.28M | 38.00K |
| Current Unearned Revenue | 6.00K | 6.00K | ||||
| Other Current Liabilities | 1.17M | 3.81M | 332.00K | 23.00K | 12.00K | 3.16M |
| Total Current Liabilities | 64.59M | 77.38M | 120.73M | 50.16M | 30.70M | 22.85M |
| Long-Term Debt | 125.12M | 197.85M | 99.85M | 44.51M | 35.31M | 8.74M |
| Long-Term Leases | 351.00K | 735.00K | 2.13M | 4.27M | 3.23M | 92.00K |
| Long-Term Unearned Revenue | 126.00K | 126.00K | 107.00K | 70.00K | 55.00K | |
| Pension & Post-Retirement Benefits | 680.00K | 755.00K | 1.76M | 1.56M | 1.23M | 1.43M |
| Other Long-Term Liabilities | 1.34M | 1.19M | 1.03M | 1.03M | -1.00K | |
| Total Liabilities | 192.21M | 278.03M | 225.61M | 101.59M | 70.53M | 33.12M |
| Common Stock | 2.36M | 1.93M | 957.00K | 521.00K | 421.00K | 409.00K |
| Additional Paid-In Capital | 643.92M | 528.23M | 249.16M | 201.86M | 173.89M | 165.07M |
| Retained Earnings | -69.47M | -354.14M | -184.21M | -110.43M | -54.27M | -49.63M |
| Comprehensive Income & Other | -517.82M | -204.55M | -172.55M | -123.99M | -74.56M | -26.98M |
| Shareholders' Equity | 59.00M | -28.52M | -106.65M | -32.03M | 45.48M | 88.87M |
| Total Liabilities & Equity | 251.21M | 249.51M | 118.97M | 69.56M | 116.00M | 121.98M |
| Total Debt | 138.79M | 230.89M | 181.25M | 54.08M | 44.39M | 10.12M |
| Net Cash (Debt) | 27.34M | -131.05M | -84.34M | -26.74M | 42.63M | 77.20M |
| Net Cash Per Share | 0.10 | -0.70 | -1.41 | -0.59 | 1.03 | 1.97 |
| Filing Date Shares Outstanding | 236.28M | 207.71M | 95.66M | 52.01M | 42.12M | 40.86M |
| Total Common Shares Outstanding | 236.28M | 193.24M | 95.66M | 52.01M | 42.12M | 40.86M |
| Working Capital | 181.38M | 167.09M | -9.22M | -1.97M | 75.68M | 92.72M |
| Book Value Per Share | 0.25 | -0.15 | -1.11 | -0.62 | 1.08 | 2.17 |
| Tangible Book Value | 58.69M | -28.70M | -106.69M | -32.57M | 44.91M | 88.10M |
| Tangible Book Value Per Share | 0.25 | -0.15 | -1.12 | -0.63 | 1.07 | 2.16 |
| Land | 172.00K | 172.00K | 172.00K | 172.00K | 172.00K | |
| Buildings | 3.47M | 3.47M | 3.47M | 3.47M | 3.41M | |
| Construction In Progress | 20.00K | 115.00K | 65.00K | 59.00K |
Cash flow statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -247.72M | -354.14M | -184.21M | -110.43M | -54.27M | -49.63M |
| Depreciation & Amortization | 556.00K | 3.11M | 5.01M | 2.54M | 1.65M | -1.34M |
| Other Amortization | 112.00K | 112.00K | 189.00K | 56.00K | 52.00K | 53.00K |
| Loss (Gain) on Equity Investments | 302.00K | 350.00K | 152.00K | 2.02M | ||
| Stock-Based Compensation | 30.51M | 26.77M | 3.58M | 3.97M | 2.22M | 2.09M |
| Other Operating Activities | 104.19M | 215.51M | 89.47M | 6.11M | -1.97M | -1.00M |
| Change in Accounts Receivable | 15.04M | 850.00K | 2.81M | -5.84M | 3.84M | -5.32M |
| Change in Inventory | 417.00K | -44.00K | 19.00K | -72.00K | ||
| Change in Accounts Payable | 410.00K | 2.56M | -3.34M | 20.00M | 3.54M | 7.60M |
| Operating Cash Flow | -96.60M | -104.88M | -85.93M | -81.61M | -44.93M | -47.63M |
| Capital Expenditures | -358.00K | -247.00K | -333.00K | -540.00K | -561.00K | -534.00K |
| Sale of Property, Plant & Equipment | 131.00K | 41.00K | 89.00K | |||
| Investment in Securities | -44.21M | -132.94M | 9.08M | -7.32M | 9.39M | -1.35M |
| Other Investing Activities | -1.00K | -1.00K | 1.00K | 1.00K | ||
| Investing Cash Flow | -44.57M | -133.19M | 8.74M | -7.73M | 8.87M | -1.79M |
| Long-Term Debt Issued | 24.92M | 30.21M | ||||
| Long-Term Debt Repaid | -5.98M | -4.99M | -4.10M | -1.77M | -28.00K | |
| Lease Payments | -2.56M | -2.71M | -2.39M | -1.61M | -735.00K | -15.00K |
| Net Debt Issued (Repaid) | 12.81M | -5.98M | 19.92M | -4.10M | 28.44M | -28.00K |
| Issuance of Common Stock | 252.27M | 206.44M | 57.34M | 30.59M | 9.37M | 25.43M |
| Other Financing Activities | -80.87M | 40.83M | 68.33M | 2.59M | -539.00K | 49.00K |
| Financing Cash Flow | 184.21M | 241.29M | 145.59M | 29.08M | 37.27M | 25.45M |
| Foreign Exchange Rate Adjustments | 1.01M | -468.00K | 1.24M | 445.00K | -1.02M | 4.84M |
| Net Cash Flow | 44.05M | 2.75M | 69.65M | -59.82M | 183.00K | -19.13M |
| Free Cash Flow | -96.95M | -105.13M | -86.26M | -82.15M | -45.49M | -48.16M |
| Free Cash Flow Margin | -3,947.68% | -1,554.96% | -612.00% | -360.02% | -251.99% | -566.56% |
| Free Cash Flow Per Share | -0.36 | -0.56 | -1.44 | -1.81 | -1.10 | -1.23 |
| Levered Free Cash Flow | -116.12M | -200.71M | -56.02M | -42.88M | -20.63M | -27.63M |
| Unlevered Free Cash Flow | -92.18M | -179.73M | -48.41M | -39.65M | -20.19M | -27.55M |
| Free Cash Flow After Leases | -99.52M | -107.84M | -88.65M | -83.77M | -46.22M | -48.18M |
| Cash Interest Paid | 12.75M | 248.00K | ||||
| Change in Working Capital | 15.45M | 3.41M | -115.00K | 14.12M | 7.40M | 2.21M |
Ratios
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 838.96M | 884.84M | 215.91M | 233.77M | 201.44M | 545.53M |
| Enterprise Value | 808.43M | 896.92M | 281.10M | 237.75M | 139.25M | 449.74M |
| Last Close Price | 3.65 | 4.65 | 2.14 | 4.52 | 4.46 | 13.66 |
| PS Ratio | 299.00 | 111.47 | 14.80 | 9.27 | 10.44 | 56.43 |
| PB Ratio | 12.45 | -26.42 | -1.96 | -6.60 | 4.14 | 5.40 |
| P/TBV Ratio | 12.51 | 4.20 | 5.45 | |||
| EV/Sales Ratio | 288.12 | 112.99 | 19.26 | 9.43 | 7.22 | 46.52 |
| Debt / Equity Ratio | 2.35 | -8.10 | -1.70 | -1.69 | 0.98 | 0.11 |
| Net Debt / Equity Ratio | -0.46 | -4.59 | -0.79 | -0.83 | -0.94 | -0.87 |
| Net Debt / EBITDA Ratio | 0.18 | -0.99 | -0.90 | -0.26 | 0.76 | 1.46 |
| Net Debt / FCF Ratio | 0.28 | -1.25 | -0.98 | -0.33 | 0.94 | 1.60 |
| Asset Turnover | 0.01 | 0.04 | 0.15 | 0.25 | 0.15 | 0.07 |
| Inventory Turnover | 4.92 | 2.58 | 2.60 | 2.86 | ||
| Quick Ratio | 2.73 | 1.41 | 0.90 | 0.86 | 3.14 | 4.33 |
| Current Ratio | 3.81 | 3.16 | 0.92 | 0.96 | 3.46 | 5.06 |
| Return on Equity (ROE) | -989.05% | -1,642.76% | -80.80% | -49.62% | ||
| Return on Assets (ROA) | -42.69% | -45.08% | -63.35% | -69.19% | -30.02% | -25.69% |
| Return on Capital Employed (ROCE) | -78.70% | -77.20% | 5,416.50% | -529.40% | -67.00% | -54.10% |
| Earnings Yield | -28.14% | -46.99% | -88.33% | -52.21% | -28.79% | -10.35% |
| FCF Yield | -12.90% | -13.95% | -41.36% | -38.84% | -24.13% | -10.04% |
| Buyback Yield / Dilution | -205.16% | -212.49% | -31.81% | -9.41% | -5.83% | -15.63% |