Innoviva (INVA) Financial Statements & Analysis

Innoviva (INVA) Income Statement

Innoviva reported revenue of $411.33M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 14.7% from $358.71M a year earlier. Net income was $271.17M, up 1059.2% year over year, a net margin of 65.9%. Gross margin was 81.2% and operating margin 39.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $119.59M, up 19.3% from the same quarter a year earlier.

Innoviva Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Innoviva, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	411.33	358.71	310.46	331.34	391.87	336.79	261.02	261.00	217.22
Cost of Revenue	77.38	36.60	42.64	13.79	0.58	0.00	0.00	0.00	1.36
Gross Profit	333.94	322.11	267.82	317.55	391.87	336.79	261.02	261.00	215.86
Operating Expenses
Research & Development	30.60	13.65	33.92	41.43	0.58	1.79	0.00	0.00	1.36
Selling, General & Administrative	113.32	115.69	98.23	63.54	16.19	13.88	14.66	17.05	32.26
Operating Expenses	170.20	155.25	153.94	110.55	16.76	15.67	14.66	22.75	32.26
Operating Income	163.75	166.87	113.89	207.00	375.10	321.12	246.36	238.25	183.60
Other Income/Expense
Interest Income	21.09	19.14	15.82	6.37	1.84	1.52	5.54	1.66	1.31
Interest Expense	16.70	22.21	19.16	15.79	-19.07	18.33	18.66	23.95	43.60
Other Income/Expense	158.73	-126.41	80.21	89.37	-111.89	33.12	-13.47	-28.00	-49.33
Income
Income Before Tax	326.86	37.39	194.10	286.95	445.28	354.25	232.90	210.26	134.27
Income Tax Expense	55.70	14.00	14.38	66.69	76.44	60.43	41.90	-196.07	0.00
Net Income	271.17	23.39	179.72	213.92	265.85	224.40	157.29	395.06	134.14
Net Income - Continuous Operations	271.17	23.39	179.72	220.26	368.84	224.40	157.29	395.06	134.14
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	369.84	85.50	235.04	308.32	375.11	372.58	260.23	248.08	205.69
EBIT	343.56	59.60	213.26	302.74	375.10	322.82	-	-	-
Depreciation & Amortization	26.28	25.90	21.78	5.58	0.01	0.00	13.87	13.87	13.98
Earnings Per Share
Basic EPS	4.00	-	3.00	3.00	3.00	2.00	2.00	4.00	1.00
Diluted EPS	3.00	-	2.00	2.00	3.00	2.00	1.00	4.00	1.00
Basic Shares Outstanding	67.40	62.73	65.44	69.64	82.06	101.32	101.15	100.85	106.95
Diluted Shares Outstanding	84.76	74.19	86.88	95.25	94.31	113.55	113.41	113.41	119.87

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Innoviva Financial Statements

What was Innoviva's revenue in fiscal 2025?

Innoviva reported revenue of $411.33M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 14.7% from $358.71M a year earlier.

Is Innoviva profitable?

Yes. Innoviva earned net income of $271.17M in fiscal 2025, a net margin of 65.9%. In fiscal 2024 it earned $23.39M.

What is Innoviva's operating margin?

Innoviva's operating income was $163.75M on revenue of $411.33M in fiscal 2025, an operating margin of 39.8%, compared with 46.5% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition