Innoviva, Inc.

Innoviva, Inc.

INVA
Innoviva, Inc.US flagNASDAQ Global Select
21.08
USD
+0.30
- -
1.52BMarket Cap
Innoviva, Inc.
INVA
(NASDAQ Global Select)

Recent

price

21.08

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.34
0.3
0.06
0.04
0.08
0.47
1.21
2.03
2.59
2.58
3.32
4.78
4.76
4.74
5.72
6.1
6.04
Revenue per Share
-1.16
-1.41
-0.2
-1.67
-1.5
-0.16
0.54
1.25
3.92
1.55
2.21
3.24
3.07
2.75
0.37
4.02
4.9
Basic EPS, GAAP
-1.05
-1.12
-1.43
-2.12
-1.17
0.09
0.55
1.33
2.22
2.55
3.09
4.43
2.9
2.15
2.94
2.77
2.6
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.51
0.76
0.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-0.28
-1.02
1.58
2.68
-1.92
-2.99
-3.26
-2.38
1.52
3.1
5.32
5.96
8.18
10.66
11.03
15.71
16.98
Book Value per Share
-0.28
-1.02
1.58
1.57
-1.92
-2.99
-3.26
-2.38
1.52
3.1
5.32
5.96
4.14
6.74
7.42
13.03
14.41
Tangible Book Value per Share
72
82
91
102
112
115
110
107
101
101
101
82
70
65
63
67
73
Basic Weighted Avg Shares
24
25
6
5
8
54
134
217
261
261
337
392
331
310
359
411
440
Sales/Revenue/Turnover
-323.34
-447.69
-448
-635.37
-402.34
58.54
81.6
84.53
91.28
94.39
95.35
95.72
62.47
36.68
46.52
39.81
36.95
Operating Margin (%)
6
8
3
3
12
14
14
14
14
14
- -
- -
6
22
26
26
26
Depreciation Expense
-84
-115
-19
-171
-168
-19
60
134
395
157
224
266
214
180
23
271
357
Net Income, GAAP
- -
- -
- -
- -
- -
- -
0.16
- -
- -
17.99
17.06
17.17
23.24
7.41
37.43
17.04
14.82
Effective Tax Rate (%)
-346.21
-470.56
-330.34
-3,766.57
-1,997.68
-34.77
44.57
61.76
151.36
60.26
66.63
67.84
64.56
57.89
6.52
65.92
81.19
Profit Margin (%)
276
199
231
399
238
201
178
166
193
426
336
308
309
306
318
678
706
Working Capital
173
172
172
288
726
733
708
574
383
377
386
395
447
448
257
269
269
LT Debt
-22
-87
155
299
-223
-343
-353
-243
159
342
608
526
566
675
691
1,173
1,233
Total Equity
- -
- -
- -
- -
- -
- -
28.88
51.02
- -
32.04
31.1
32.47
15.65
9.44
9.21
10.51
10.38
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
29.69
49.35
- -
22.03
19.88
18.67
21.64
17.68
3.29
22.06
27.94
Return on Capital (%)
- -
- -
- -
-75.17
- -
- -
- -
- -
- -
67.35
52.59
55.7
43.63
28.97
3.42
29.09
36.68
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
1
1
LT Borrowings
258
258
258
LT Finance Leases
11
11
10
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
75
74
73
Market Capitalization
1,492
1,720
1,650

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
728
773
753
Cash, Cash Equivalents & STI
567
612
579
Accounts Receivable, Net
35
34
51
Inventories
39
39
39
Total Current Liabilities
50
37
47
Payables & Accruals
37
28
34
ST Debt
- -
1
1
Deferred Revenue
4
4
6

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.45%
17.1%
69.69%
Free Cash Flow
70.12%
-5.28%
1.09%
Net Income, GAAP
84.01%
191.04%
1,059.22%
Sales/Revenue/Turnover
- -
4.96%
14.67%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
77
100
90
92
359
2025
89
100
108
115
411
2026
98
120
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.58
-0.55
0.02
0.32
0.37
2025
-0.74
1.01
1.3
2.19
4.02
2026
2.52
-1.14
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Innoviva, Inc. (INVA) is a diversified holding company focused on healthcare royalty management and the development and commercialization of therapies in critical care and infectious diseases. Founded in 2014 following a spin-off from Theravance, Inc., the company is headquartered in Burlingame, California, and operates primarily in the United States with international royalty streams. Its core royalty portfolio, derived from long-term agreements with Glaxo Group Limited (GSK) under the Long-Acting Beta2 Agonist (LABA) Collaboration, includes royalties on respiratory products such as RELVAR/BREO ELLIPTA (fluticasone furoate/vilanterol, FF/VI) for chronic obstructive pulmonary disease (COPD) and asthma, ANORO ELLIPTA (umeclidinium bromide/vilanterol, UMEC/VI), and TRELEGY ELLIPTA; the company also markets proprietary critical care and anti-infective products through Innoviva Specialty Therapeutics, including GIAPREZA (angiotensin II) for increasing blood pressure in adults with septic or distributive shock, XERAVA (eravacycline) for complicated intra-abdominal infections, XACDURO (sulbactam-durlobactam) for hospital-acquired and ventilator-associated bacterial pneumonias caused by Acinetobacter, and ZEVTERA (ceftobiprole medocaril sodium) for Staphylococcus aureus bloodstream infections, acute bacterial skin infections, and community-acquired bacterial pneumonia. Innoviva's late-stage pipeline features zoliflodacin, a Phase III investigational oral treatment for uncomplicated gonorrhea. Recent developments include a December 2024 exclusive U.S. licensing and distribution agreement with Basilea Pharmaceutica for ZEVTERA, involving a $4 million upfront payment, tiered royalties, and planned commercialization in mid-2025; a March 2025 $10 million secured credit agreement with Armata Pharmaceuticals to advance phage therapeutics for antibiotic-resistant infections; and an ongoing strategic partnership with Sarissa Capital Management LP.

Company News

  • Innoviva Specialty Therapeutics to Present Data Across Infectious Disease Portfolio at IDWeek 2026

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  • Baird Financial Group Inc. Makes New $6.23 Million Investment in Innoviva, Inc. $INVA

  • Innoviva to Participate in Upcoming Investor Conferences

  • Hsbc Holdings PLC Buys Shares of 49,428 Innoviva, Inc. $INVA

  • Innoviva Specialty Therapeutics' Antimicrobial Therapies, XACDURO®, ZEVTERA® and NUZOLVENCE® Designated Finalists for the 2026 Prix Galien USA Best Pharmaceutical Product Award

  • Innoviva: The Royalty Decline Is Real, But The Valuation Is Too Pessimistic

  • Innoviva (INVA) Q2 Earnings and Revenues Top Estimates

  • Innoviva Reports Second Quarter 2026 Financial Results; Highlights Recent Company Progress

  • Supernus Pharmaceuticals Q2 Earnings Call Highlights

  • Dimensional Fund Advisors LP Acquires 76,026 Shares of Innoviva, Inc. $INVA

  • Nortiva Bio Launches to Develop Long-Acting Oral Medicines

  • Nortiva Bio Launches to Develop Long-Acting Oral Medicines

  • Innoviva Specialty Therapeutics Announces Distribution and Licensing Agreement with Dr. Reddy's for XACDURO® in Select International Markets

  • Innoviva, Inc. (INVA) Presents at Goldman Sachs 47th Annual Global Healthcare Conference 2026 Transcript