Innoviva, Inc. (NASDAQ:INVA)
Insiders here have filed 3 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Keeps a healthy share of every dollar it sells.
- Revenue
- $443.4M
- Net income
- $357.2M
- Net margin
- 80.6%
Little or no net debt.
- Total debt
- $269.7M
- Cash
- $570.4M
- Net debt / EBITDA
- -0.39x
Comfortably covers what is due within a year.
- Current assets
- $753.4M
- Current liabilities
- $47.1M
- Current ratio
- 16.01
The business funds itself from operations.
- Operating cash flow
- $191.5M
- Free cash flow
- $188.3M
- FCF margin
- 42.5%
Heavy dilution — shareholders are paying for the business.
- Shares outstanding
- 73.4M
- Share growth (1y)
- 16.8%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
INVA Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 119.59 M | 97.99 M | 118.05 M | 107.80 M | 100.28 M | 88.63 M |
| Revenue Growth (YoY) | 19.25 % | 10.56 % | 28.58 % | 20.44 % | -2.97 % | 14.37 % |
| Cost of Revenue | 28.98 M | 22.16 M | 42.43 M | 25.78 M | 10.59 M | 8.84 M |
| Gross Profit | 90.62 M | 75.83 M | 75.61 M | 82.02 M | 89.69 M | 79.79 M |
| SG&A Expense | 34.57 M | 32.44 M | 32.07 M | 27.41 M | 26.41 M | 27.49 M |
| R&D Expense | 5.19 M | 5.24 M | 4.55 M | 13.67 M | 7.98 M | 4.40 M |
| Operating Expenses | 39.76 M | 37.68 M | 36.62 M | 47.45 M | 138.44 M | 121.22 M |
| Operating Income | 50.85 M | 38.15 M | 38.99 M | 34.58 M | -48.75 M | -41.43 M |
| Pretax Income | -108.02 M | 234.56 M | 195.04 M | 97.82 M | 72.60 M | -38.59 M |
| Tax Provision | -24.60 M | 47.97 M | 30.88 M | 7.91 M | 8.91 M | 8.00 M |
| Net Income | -83.42 M | 186.59 M | 164.15 M | 89.91 M | 63.69 M | -46.58 M |
| EPS (Basic) | -1.14 | 2.52 | 2.19 | 1.30 | 1.01 | -0.74 |
| EPS (Diluted) | -1.14 | 2.22 | 1.94 | 1.08 | 0.77 | -0.74 |
| Shares Outstanding | 73.42 M | 74.16 M | 74.80 M | 69.06 M | 62.87 M | 62.71 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.