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Stocks · Health care · Pharmaceutical Preparations

Innoviva, Inc.

INVA Clue Score66
United States Fiscal year ends December CIK 0001080014
$21.21 +1.63% Close, 9 Oct 2026
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Price $21.21 +24.04% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue133.6Operating income109.0Net income59.5EPS, diluted0.53Fiscal year 2017Revenue217.2 +62.6%Operating income183.6Net income134.3 +125.5%EPS, diluted1.17 +120.8%Fiscal year 2018Revenue261.0 +20.2%Operating income238.3Net income406.3 +202.6%EPS, diluted3.53 +201.7%Fiscal year 2019Revenue261.0 +0.0%Operating income246.4Net income191.0 −53.0%EPS, diluted1.43 −59.5%Fiscal year 2020Revenue336.8 +29.0%Operating income321.1Net income293.8 +53.8%EPS, diluted2.02 +41.3%Fiscal year 2021Revenue391.9 +16.4%Operating income375.1Net income368.8 +25.5%EPS, diluted2.87 +42.1%Fiscal year 2022Revenue331.3 −15.4%Net income220.3 −40.3%EPS, diluted2.37 −17.4%Fiscal year 2023Revenue310.5 −6.3%Operating income113.9Net income179.7 −18.4%EPS, diluted2.20 −7.2%Fiscal year 2024Revenue358.7 +15.5%Operating income166.9Net income23.4 −87.0%EPS, diluted0.36 −83.6%Fiscal year 2025Revenue411.3 +14.7%Operating income163.7Net income271.2 +1,059.2%EPS, diluted3.30 +816.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 133.6 217.2 261.0 261.0 336.8 391.9 331.3 310.5 358.7 411.3
Growth +62.6% +20.2% +0.0% +29.0% +16.4% −15.4% −6.3% +15.5% +14.7%
Operating income 109.0 183.6 238.3 246.4 321.1 375.1 n/a 113.9 166.9 163.7
Net income 59.5 134.3 406.3 191.0 293.8 368.8 220.3 179.7 23.4 271.2
Growth +125.5% +202.6% −53.0% +53.8% +25.5% −40.3% −18.4% −87.0% +1,059.2%
EPS, diluted 0.53 1.17 3.53 1.43 2.02 2.87 2.37 2.20 0.36 3.30
Growth +120.8% +201.7% −59.5% +41.3% +42.1% −17.4% −7.2% −83.6% +816.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Operating margin81.6%Net margin44.6%Free cash flow margin45.4%Fiscal year 2017Operating margin84.5%Net margin61.8%Free cash flow margin65.3%Fiscal year 2018Operating margin91.3%Net margin155.7%Free cash flow margin85.6%Fiscal year 2019Operating margin94.4%Net margin73.2%Free cash flow margin98.6%Fiscal year 2020Operating margin95.3%Net margin87.2%Free cash flow margin93.0%Fiscal year 2021Operating margin95.7%Net margin94.1%Free cash flow margin92.8%Fiscal year 2022Net margin66.5%Free cash flow margin60.9%Fiscal year 2023Gross margin79.2%Operating margin36.7%Net margin57.9%Free cash flow margin45.3%Fiscal year 2024Gross margin82.6%Operating margin46.5%Net margin6.5%Free cash flow margin52.5%Fiscal year 2025Gross margin74.8%Operating margin39.8%Net margin65.9%Free cash flow margin47.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a n/a n/a n/a n/a n/a n/a 79.2% 82.6% 74.8%
Operating margin 81.6% 84.5% 91.3% 94.4% 95.3% 95.7% n/a 36.7% 46.5% 39.8%
Net margin 44.6% 61.8% 155.7% 73.2% 87.2% 94.1% 66.5% 57.9% 6.5% 65.9%
Free cash flow margin 45.4% 65.3% 85.6% 98.6% 93.0% 92.8% 60.9% 45.3% 52.5% 47.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow61.0Capital expenditure−0.3Free cash flow60.7Buybacks−78.1Dividends paid−1.0Fiscal year 2017Operating cash flow141.7Capital expenditure0.0Free cash flow141.7 +133.5%Buybacks−97.5Dividends paid−0.3Fiscal year 2018Operating cash flow223.5Capital expenditure0.0Free cash flow223.5 +57.7%Buybacks0.0Dividends paid−0.1Fiscal year 2019Operating cash flow257.5Capital expenditure−0.0Free cash flow257.4 +15.2%Buybacks0.0Dividends paid−0.0Fiscal year 2020Operating cash flow313.1Capital expenditure−0.0Free cash flow313.1 +21.6%Buybacks0.0Dividends paid0.0Fiscal year 2021Operating cash flow363.8Capital expenditure0.0Free cash flow363.8 +16.2%Buybacks−394.1Dividends paid0.0Fiscal year 2022Operating cash flow201.7Capital expenditure−0.1Free cash flow201.7 −44.6%Buybacks−8.5Fiscal year 2023Operating cash flow141.1Capital expenditure−0.4Free cash flow140.7 −30.3%Buybacks−75.7Fiscal year 2024Operating cash flow188.7Capital expenditure−0.3Free cash flow188.4 +34.0%Buybacks−14.8Fiscal year 2025Operating cash flow196.9Capital expenditure−1.1Free cash flow195.8 +3.9%Buybacks−4.5
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 61.0 141.7 223.5 257.5 313.1 363.8 201.7 141.1 188.7 196.9
Capital expenditure −0.3 0.0 0.0 −0.0 −0.0 0.0 −0.1 −0.4 −0.3 −1.1
Free cash flow 60.7 141.7 223.5 257.4 313.1 363.8 201.7 140.7 188.4 195.8
Growth +133.5% +57.7% +15.2% +21.6% +16.2% −44.6% −30.3% +34.0% +3.9%
Buybacks −78.1 −97.5 0.0 0.0 0.0 −394.1 −8.5 −75.7 −14.8 −4.5
Dividends paid −1.0 −0.3 −0.1 −0.0 0.0 0.0 n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash118.0Total debt716.1Net cash (debt)−598.1Shareholders’ equity−353.0Fiscal year 2017Cash73.3Total debt574.4Net cash (debt)−501.0Shareholders’ equity−242.9Fiscal year 2018Cash62.4Total debt382.9Net cash (debt)−320.4Shareholders’ equity153.6Debt to equity2.49Fiscal year 2019Cash278.1Total debt377.1Net cash (debt)−99.0Shareholders’ equity313.5Debt to equity1.20Fiscal year 2020Cash246.5Total debt385.5Net cash (debt)−139.0Shareholders’ equity539.9Debt to equity0.71Fiscal year 2021Cash201.5Total debt394.7Net cash (debt)−193.1Shareholders’ equity414.7Debt to equity0.95Fiscal year 2022Cash291.0Total debt444.2Net cash (debt)−153.1Shareholders’ equity565.8Debt to equity0.79Fiscal year 2023Cash193.5Total debt446.2Net cash (debt)−252.7Shareholders’ equity675.0Debt to equity0.66Fiscal year 2024Cash305.0Total debt256.3Net cash (debt)48.6Shareholders’ equity691.2Debt to equity0.37Fiscal year 2025Cash550.9Total debt257.7Net cash (debt)293.2Shareholders’ equity1,172.8Debt to equity0.22
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 118.0 73.3 62.4 278.1 246.5 201.5 291.0 193.5 305.0 550.9
Total debt 716.1 574.4 382.9 377.1 385.5 394.7 444.2 446.2 256.3 257.7
Net cash (debt) −598.1 −501.0 −320.4 −99.0 −139.0 −193.1 −153.1 −252.7 48.6 293.2
Shareholders’ equity −353.0 −242.9 153.6 313.5 539.9 414.7 565.8 675.0 691.2 1,172.8
Debt to equity n/a n/a 2.49 1.20 0.71 0.95 0.79 0.66 0.37 0.22

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
61.0 141.7 223.5 257.5 313.1 363.8 201.7 141.1 188.7 196.9
Growth +132.4% +57.7% +15.2% +21.6% +16.2% −44.6% −30.1% +33.8% +4.4%
14.0 14.0 13.9 13.9 13.8 13.8 n/a n/a n/a n/a
Investment
−0.3 0.0 0.0 −0.0 −0.0 0.0 −0.1 −0.4 −0.3 −1.1
calc 60.7 141.7 223.5 257.4 313.1 363.8 201.7 140.7 188.4 195.8
Growth +133.5% +57.7% +15.2% +21.6% +16.2% −44.6% −30.3% +34.0% +3.9%
calc 0.49 1.18 1.97 2.27 2.76 3.86 2.12 1.62 2.54 2.31
−4.6 −23.2 3.5 −18.0 −314.9 43.7 −56.6 −66.8 −63.8 40.5
Financing
−97.6 −163.2 −238.0 −23.8 −29.8 −452.5 −55.6 −171.8 −13.5 8.6
−1.0 −0.3 −0.1 −0.0 0.0 0.0 n/a n/a n/a n/a
−78.1 −97.5 0.0 0.0 0.0 −394.1 −8.5 −75.7 −14.8 −4.5

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.