Innoviva, Inc. (INVA)

Innoviva Financials Overview

Financials in millions USD. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	440	411.33	358.71	310.46	331.34	391.87
Revenue Growth	18.84%	14.67%	15.54%	-6.30%	-15.45%	16.35%
Gross Profit Gross Profit Growth	319.75	308.23	323.01	263.55	286.14	391.29
Operating Income Operating Income Growth	168.79	168.59	180.69	141.05	217.02	375.1
Net Income Net Income Growth	357.24	271.17	23.39	179.72	213.92	265.85
Earnings Per Share EPS Growth	4.31	3.30	0.36	2.20	2.37	2.87
EPS Growth	708.30%	811.83%	-83.56%	-7.02%	-17.46%	42.20%

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	579.06	566.67	412.5	193.51	291.05	201.53
Total Debt Total Debt Growth	331.24	331.25	520.63	518.95	614.65	394.76
Net Cash (Debt) Net Cash Growth	247.82	235.42	-108.13	-325.44	-323.6	-193.23
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	2.92	2.78	-1.46	-3.75	-3.40	-2.05

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	191.49	196.93	188.69	141.06	201.73	363.81
Capital Expenditures CapEx Growth	-2.05	-1.13	-0.27	-0.41	-0.07	-
Free Cash Flow Free Cash Flow Growth	189.44	195.8	188.42	140.65	201.66	363.81
Free Cash Flow Growth	-5.44%	3.92%	33.96%	-30.25%	-44.57%	16.20%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
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%
Pretax Margin	95.32%	79.47%	10.42%	62.52%	86.60%	113.63%
Profit Margin	81.19%	65.92%	6.52%	57.89%	64.56%	67.84%
FCF Margin	43.05%	47.60%	52.53%	45.30%	60.86%	92.84%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 24, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	4.80	5.51	46.43	5.72	4.32	4.51
Forward PE	10.70	9.67	10.91	19.56	9.74	10.07
P/FCF Ratio	7.88	7.63	5.76	7.31	4.59	3.30
PS Ratio	3.39	3.63	3.03	3.31	2.79	3.06

Data Source: S&P Global Market Intelligence Last updated: Aug 5, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 23, 2026

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