Innoviva (INVA)

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Innoviva, Inc. is a healthcare company built around a mix of royalty interests, operating businesses, and strategic investments in pharmaceutical assets. Its best-known economic exposure comes from royalties tied to respiratory medicines commercialised by GlaxoSmithKline, including products in the Ellipta inhaler family such as Breo/Relvar, Anoro, and Trelegy. These therapies are used in the treatment of respiratory conditions including chronic obstructive pulmonary disease and asthma, giving Innoviva a differentiated position among public healthcare companies as a holder of long-duration cash-generating interests rather than a traditional drug developer alone.

Alongside its royalty portfolio, Innoviva has expanded into operating assets focused on critical care and infectious disease. This area includes hospital-oriented medicines and development programmes aimed at serious bacterial and fungal infections, a market shaped by high medical need, antimicrobial resistance, and relatively specialised commercial channels. The company’s strategy combines cash flows from established products with selective ownership of businesses and assets that may benefit from demand for novel anti-infective treatments.

For investors, Innoviva is notable because its financial profile is influenced by both pharmaceutical product performance and capital allocation decisions. Revenue can depend on prescription trends, competitive dynamics, patent protection, regulatory developments, and the commercial execution of partners or subsidiaries. Unlike many biotechnology companies that rely primarily on early-stage research pipelines, Innoviva operates with a portfolio approach, balancing royalty economics with direct participation in healthcare markets where specialised products can address critical patient needs.

22.16 USD
21.22 USD
+0.46 (+2.12%)
After-hours

Last updated

Market Cap
1.6B
P/E
3.18
P/FCF
8.8
P/S
3.81
Enterprise Value
1.26B
Sector
Health Care
Industry
Pharmaceutical Preparations
Address
1350 OLD BAYSHORE HIGHWAY, BURLINGAME, CA, 94010
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Market Cap
1.6B
Enterprise Value
1.26B
P/E
3.18
P/B
1.19
P/S
3.81
EV / EBITDA
6.26
EV / Sales
2.99
EPS
6.83
Dividend Yield
0%
P/FCF
8.8
P/CF
8.72
Free Cash Flow
181.97M
ROE
37.59%
ROA
27.46%
Debt / Equity
0.19
Current Ratio
21.13
Quick Ratio
20.07
Cash
16.5
Avg Volume
782.6K
Fundamentals Snapshot Price
21.7

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue 97.99M 114.61M 107.8M 100.28M 88.63M
Gross profit 75.83M 75.67M 75.54M 89.69M 73.32M
Operating income 38.15M 38.99M 34.58M 48.75M 41.43M
EBITDA 48.2M 49.11M 44.68M 58.79M 51.39M
Net income 186.6M 164.15M 89.91M 63.69M -46.58M
Basic EPS 2.52 2.37 1.3 1.01 -0.74
Diluted EPS 2.22 1.95 1.08 0.77 -0.74

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 1.84B 1.64B 1.43B 1.33B 1.25B
Total liabilities 494.93M 462.32M 419.16M 618.75M 607.49M
Total equity 1.34B 1.17B 1.01B 714.82M 646.91M
Cash & equivalents 603.09M 550.94M 476.51M 397.53M 319.09M
Current assets 772.62M 727.52M 684.57M 651.78M 582.02M
Current liabilities 36.56M 49.7M 48.47M 246.56M 234.75M

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow 35.28M 54.51M 49.73M 44.07M 48.62M
Investing cash flow 37.01M 23.64M 18.41M 33.12M -34.67M
Financing cash flow -20.15M -3.72M 10.84M 1.25M 183K
Change in cash 52.14M 74.43M 78.98M 78.44M 14.13M
Kind Filing Date Link
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edgar index SCHEDULE 13G/A — Innoviva, Inc. View Filing
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edgar index SCHEDULE 13G/A — Innoviva, Inc. View Filing
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form 4 Form 4 — Zhen Marianne View Filing
form 4 Form 4 — Basso Stephen View Filing
form 4 Form 4 — Basso Stephen View Filing
edgar index 8-K — Innoviva, Inc. View Filing
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edgar index 4 — Innoviva, Inc. View Filing
edgar index 10-Q — Innoviva, Inc. View Filing
eight k text 8-K — 8-K View Filing
form 4 Form 4 — Raifeld Pavel View Filing
form 4 Form 4 — Basso Stephen View Filing