Innoviva, Inc. logo INVA - Innoviva, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 5
HOLD 4
SELL 1
STRONG
SELL
0
| PRICE TARGET: $40.00 DETAILS
HIGH: $46.00
LOW: $32.00
MEDIAN: $42.00
CONSENSUS: $40.00
UPSIDE: 78.09%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Revenue
Revenue 425.1 358.7 310.5 331.3 391.9 336.8 261.0 261.0 217.2 133.6 53.9 8.4 4.5 5.6 24.5 24.2 24.4 23.1 22.0 19.6 12.1 8.9 3.6 0.2 0 0
Cost of Revenue 117.6 36.6 42.6 13.8 0 0 0 0 1.4 1.4 2.6 7.5 9.0 8.2 0 0 0 0 0 0 0 0 0 0 0 43.2
Gross Profit 307.5 322.1 267.8 317.5 391.9 336.8 261.0 261.0 215.9 132.2 51.3 0.9 (4.5) (2.5) 24.5 24.2 24.4 23.1 22.0 19.6 12.1 8.9 3.6 0.2 0 (43.2)
Operating Expenses
R&D Expenses 30.6 13.7 33.9 41.4 0.6 1.8 0 0 1.4 1.4 2.6 7.5 9.0 117.9 103.6 75.1 77.5 82.0 155.3 166.6 134.7 87.0 61.7 66.5 53.8 49.8
SG&A Expenses 113.2 115.7 98.2 63.5 16.2 13.9 14.7 17.0 32.3 23.2 19.8 34.9 24.3 30.9 30.7 27.5 27.1 28.9 35.3 32.2 26.9 28.3 14.4 16.8 0 10.9
Other Expenses 0 25.9 21.8 5.6 0 0 0 5.7 (1.4) (1.4) 0 (7.5) (9.0) (126.2) 0 0 0 0 0 0 0 (3) 0 0 0 0
Operating Expenses 143.8 155.2 153.9 110.6 16.8 15.7 14.7 22.8 32.3 23.2 22.4 34.9 24.3 22.6 134.2 102.5 104.6 110.9 190.6 198.8 161.6 112.3 76.1 83.2 53.8 60.7
Operating Income
Operating Income 163.7 166.9 113.9 207.0 375.1 321.1 246.4 238.3 183.6 109.0 31.6 (33.9) (28.8) (13.0) (109.7) (78.3) (80.2) (87.8) (168.6) (179.2) (149.6) (102.4) (72.5) (83.1) (74.4) (103.9)
Interest Expense 16.7 22.2 19.2 15.8 19.1 18.3 18.7 24.0 43.6 52.4 51.8 36.9 9.3 6.0 6.0 6.0 6.1 5.7 0 0.5 0 0.8 0 0 0 0
Interest Income 21.1 19.1 15.8 6.4 1.8 1.5 5.5 1.7 1.3 0.6 0.3 0.6 0.8 0.5 0.4 0.5 2.1 5.2 0 13.6 0 4.6 0 0 0 0
Profitability
EBITDA 383.8 85.5 235.0 308.3 464.3 372.6 260.2 248.1 205.7 122.9 45.5 (24.5) (149.7) (21.9) (101.7) (71.5) (74.7) (81) (164.5) (175.0) (145.4) (97.0) (67.3) (78.0) (53.8) (103.9)
EBIT 343.6 59.6 213.3 302.7 464.3 372.6 246.4 234.2 183.6 109.0 31.6 (36.6) (157.9) (13.0) (109.3) (77.8) (80.2) (87.8) (168.6) (179.2) (149.6) (101.8) (72.5) (83.1) 0 0
Income Before Tax 326.9 37.4 194.1 286.9 445.3 354.2 232.9 210.3 134.3 59.5 (18.8) (73.5) (30.6) (30.7) (115.3) (83.9) (85.3) (93.6) (160.0) (166.0) (143.2) (102.7) 0 0 0 0
Income Tax Expense 55.7 14.0 14.4 66.7 76.4 60.4 41.9 (196.1) 0.0 0.1 0 0 0 0 0 0 0 0 0 0 0 (0.7) (1.9) (3.9) (9.6) (9.0)
Net Income 271.2 23.4 179.7 213.9 265.9 224.4 157.3 395.1 134.1 59.5 (18.8) (168.5) (170.7) (18.5) (115.3) (83.9) (85.3) (93.6) (160.0) (166.0) (143.2) (102.7) (70.6) (79.2) (64.8) (94.9)
Per Share Data
EPS (Basic) 4.02 0.37 2.92 3.07 3.24 2.21 1.56 3.92 1.25 0.54 -0.16 -1.50 -1.67 -0.20 -1.41 -1.16 -1.35 -1.53 -2.64 -2.81 -2.69 -3.08 -10.37 -12.50 -11.73 -24.94
EPS (Diluted) 3.30 0.36 2.20 2.37 2.87 2.02 1.43 3.53 1.17 0.53 -0.16 -1.50 -1.67 -0.20 -1.41 -1.16 -1.35 -1.53 -2.64 -2.81 -2.69 -3.08 -10.37 -12.50 -11.73 -24.94
Shares Outstanding 67.4 62.7 65.4 69.6 82.1 101.3 101.2 100.8 106.9 110.3 115.4 112.1 102.4 90.9 82.1 72.1 63.0 61.4 60.5 59.0 53.3 33.3 6.8 6.3 5.5 3.8
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2000
Current Assets
Cash & Cash Equivalents 550.9 305.0 193.5 291.0 201.5 246.5 278.1 62.4 73.3 118.0 47.5 92.3 101.4 35.7 108.8 0
Short-Term Investments 0 107.5 0 0 0 0 72.7 52.5 55.7 32.4 107.8 108.3 155.7 53.4 39.8 0
Net Receivables 35.0 86.4 84.1 64.1 110.7 93.9 79.4 83.3 70.5 46.8 0.4 0.6 2.1 0.4 1.5 0
Inventory 39.2 33.7 40.7 55.9 0 0 0 0 (0.8) 0 0 0 0 0 0 0
Other Current Assets 102.4 0.7 4.3 2.9 0.1 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 727.5 554.3 344.2 443.5 313.7 342.1 431.2 199.0 199.6 198.0 162.0 210.0 264.5 91.2 151.8 0
Non-Current Assets
Property, Plant & Equipment 12.5 3.0 3.0 3.4 0.1 0.0 0.0 0.2 0.2 0.4 12.9 16.2 13.2 15.8 20.3 0
Goodwill 17.9 17.9 17.9 26.7 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 182.2 208.4 230.3 252.9 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 193.7 394.0 561.0 403.0 483.8 438.3 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 501.4 111.4 87.1 101.9 128.8 125.5 139.4 152.9 167.5 180.6 6.4 10.0 8.3 18.4 20.6 0
Total Non-Current Assets 907.6 746.8 899.3 788.0 612.7 657.5 293.6 349.1 167.7 180.9 19.4 26.2 21.6 34.2 40.9 0
Total Assets 1,635.2 1,301.1 1,243.5 1,231.5 926.4 999.6 724.8 548.2 367.3 379.0 181.4 236.2 286.0 125.4 192.7 246.9
Current Liabilities
Account Payables 5.0 2.1 6.7 2.9 0.0 0.1 0.0 0.0 0.6 0.1 1.8 3.3 5.9 3.2 1.6 0
Short-Term Debt 0.4 192.0 0 96.2 0 0 0 0 25 7.8 0.2 0.1 2.6 3.5 28.2 0
Deferred Revenue 4.3 1.1 1.3 2.1 0 0 0 0 (19.7) 0.9 23.7 23.8 11.0 5.3 1.2 0
Other Current Liabilities 40.0 6.4 0 2.6 0 0 4.7 5.2 19.7 0 6.9 7.8 7.9 0 0 0
Total Current Liabilities 49.7 236.1 38.1 135.0 5.8 6.1 5.4 5.7 34.7 20.0 38.9 44.0 35.0 20.2 39.1 0
Non-Current Liabilities
Long-Term Debt 257.7 256.3 446.2 444.2 394.7 385.5 377.1 382.9 574.4 708.3 172.8 172.8 0.7 1.0 1.4 0
Deferred Tax Liabilities 31.8 0 0.6 5.8 0 0 0 0 0 0 0 0 (56.3) 0 0 0
Other Non-Current Liabilities 112.2 116.3 82.0 78.4 0 0.1 0.2 0.6 0.9 1.4 0.4 0 58.8 400.5 377.7 0
Total Non-Current Liabilities 412.6 373.8 530.4 530.7 394.7 385.6 377.3 383.4 575.3 711.9 331.4 327.1 60.6 404.9 385.5 0
Total Liabilities 462.3 609.9 568.6 665.7 400.5 391.7 382.7 389.1 610.0 732.0 370.4 371.1 95.7 425.0 424.6 22.7
Stockholders' Equity
Common Stock 0.7 0.6 0.6 0.7 0.7 1.0 1.0 1.0 1.0 1.1 0.6 0.6 0.5 0.1 0.1 0
Retained Earnings 269.4 (1.8) (25.2) (204.9) (456.1) (722.0) (946.4) (1,103.7) (1,498.7) (1,632.9) (1,116.8) (1,031.5) (468.6) (365.9) (295.4) (151.3)
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0.0 (0.0) (0.0) 0.0 0.0 0.5 (11.3) (2.4) (4.3) 0
Total Stockholders' Equity 1,172.8 691.2 675.0 565.8 414.7 539.9 313.5 153.6 (242.9) (353.0) (189.0) (134.9) 190.4 (299.6) (231.9) 224.2
Total Liabilities & Equity 1,635.2 1,301.1 1,243.5 1,231.5 926.4 999.6 724.8 548.2 367.3 379.0 181.4 236.2 286.0 125.4 192.7 246.9
Debt Metrics
Total Debt 269.0 451.1 449.1 544.1 394.8 385.5 377.1 382.9 599.4 716.1 173.0 172.9 4.4 7.9 36.1 0
Net Debt (281.9) 146.1 255.6 253.0 193.2 139.0 99.0 320.4 526.0 598.1 125.4 80.7 (97.0) (27.9) (72.7) 0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002
Operating Activities
Net Income 271.2 23.4 179.7 220.3 368.8 293.8 191.0 406.3 134.3 59.5 (143.2) (102.7) (70.6) (79.2)
Depreciation & Amortization 40.2 39.9 35.7 19.5 13.8 0 13.9 13.9 14.0 14.0 4.1 4.8 5.2 5.1
Stock-Based Compensation 9.5 6.4 5.8 7.3 2.0 1.7 2.1 3.2 9.8 8.3 5.6 8.5 0 0
Change in Working Capital (24.2) (6.9) (24.8) 6.9 (16.9) (14.3) 3.1 (16.8) (28.3) (22.0) 74.2 37.4 29.6 9.0
Other Non-Cash Items (143.6) 138.6 (59.8) (77.3) (80.4) (28.5) 5.6 12.9 4.8 1.2 0.6 4.1 4.1 6.5
Operating Cash Flow 196.9 188.7 141.1 201.7 363.8 313.1 257.5 223.5 141.7 61.0 (58.6) (47.8) (31.7) (58.6)
Investing Activities
Capital Expenditure (1.1) (0.3) (0.4) (0.1) (1.3) (0.0) (0.0) 0 0 (0.3) (3.4) (2.1) (0.8) (7.0)
Acquisitions 0 0 0 (33.2) (235.8) (102.9) 18.0 0 0 0 0 0 0 0
Purchases of Investments 14.4 (135.4) (138.8) (23.4) 22.3 (298.1) (231.9) (71.9) (67.6) (95.7) (152.3) (170.7) (65.1) (69.7)
Sales/Maturities of Investments 28.2 75.8 72.5 56.6 279.5 86 213.9 75.4 44.4 91.4 157.9 67.7 51.3 133.0
Other Investing Activities (0.9) (3.9) 0 (56.6) (21.0) 0 (18.0) 0 0 0 1.1 4.7 1.0 (4.8)
Investing Cash Flow 40.5 (63.8) (66.8) (56.6) 43.7 (314.9) (18.0) 3.5 (23.2) (4.6) 3.3 (100.4) (13.6) 51.6
Financing Activities
Net Debt Issuance (0.0) 0 (96.2) 66.4 0 0 (13.8) (230) (63.7) (18.4) (2.5) (3.5) (28.2) 26.6
Stock Repurchased (4.7) (14.9) (75.8) (8.6) (394.2) (0.1) (0.1) (3.1) (99.6) (79.2) 0 0 0 0
Dividends Paid 0 0 0 0 0 0 (0.0) (0.1) (0.3) (1.0) 0 0 0 0
Other Financing Activities 0 0 0 (113.4) (59.5) (30.1) (10.6) (6.0) 0.5 0 0 0 0 0
Financing Cash Flow 8.6 (13.5) (171.8) (55.6) (452.5) (29.8) (23.8) (238.0) (163.2) (97.6) 3.7 213.9 (27.8) 66.7
Cash Position
Net Change in Cash 246.0 111.5 (97.5) 89.5 (45.0) (31.6) 215.7 (10.9) (44.7) (41.2) (51.6) 65.7 (73.0) 59.7
Cash at Beginning 305.0 193.5 291.0 201.5 246.5 278.1 62.4 73.3 118.0 159.2 101.4 35.7 108.8 49.1
Cash at End 550.9 305.0 193.5 291.0 201.5 246.5 278.1 62.4 73.3 118.0 49.8 101.4 35.7 108.8
Free Cash Flow 195.8 188.4 140.7 201.7 362.5 313.1 257.4 223.5 141.7 60.7 (62.1) (49.9) (32.4) (65.6)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Income Statement
Revenue 425.1 358.7 310.5 331.3 391.9 336.8 261.0 261.0 217.2 133.6 53.9 8.4 4.5 5.6 24.5 24.2 24.4 23.1 22.0 19.6 12.1 8.9 3.6 0.2 0 0
Gross Profit 307.5 322.1 267.8 317.5 391.9 336.8 261.0 261.0 215.9 132.2 51.3 0.9 (4.5) (2.5) 24.5 24.2 24.4 23.1 22.0 19.6 12.1 8.9 3.6 0.2 0 (43.2)
Operating Income 163.7 166.9 113.9 207.0 375.1 321.1 246.4 238.3 183.6 109.0 31.6 (33.9) (28.8) (13.0) (109.7) (78.3) (80.2) (87.8) (168.6) (179.2) (149.6) (102.4) (72.5) (83.1) (74.4) (103.9)
Net Income 271.2 23.4 179.7 213.9 265.9 224.4 157.3 395.1 134.1 59.5 (18.8) (168.5) (170.7) (18.5) (115.3) (83.9) (85.3) (93.6) (160.0) (166.0) (143.2) (102.7) (70.6) (79.2) (64.8) (94.9)
EPS (Diluted) 3.30 0.36 2.20 2.37 2.87 2.02 1.43 3.53 1.17 0.53 -0.16 -1.50 -1.67 -0.20 -1.41 -1.16 -1.35 -1.53 -2.64 -2.81 -2.69 -3.08 -10.37 -12.50 -11.73 -24.94
Balance Sheet
Cash & Equivalents 550.9 305.0 193.5 291.0 201.5 246.5 278.1 62.4 73.3 118.0 47.5 92.3 101.4 35.7 108.8 0
Total Assets 1,635.2 1,301.1 1,243.5 1,231.5 926.4 999.6 724.8 548.2 367.3 379.0 181.4 236.2 286.0 125.4 192.7 246.9
Total Debt 269.0 451.1 449.1 544.1 394.8 385.5 377.1 382.9 599.4 716.1 173.0 172.9 4.4 7.9 36.1 0
Stockholders' Equity 1,172.8 691.2 675.0 565.8 414.7 539.9 313.5 153.6 (242.9) (353.0) (189.0) (134.9) 190.4 (299.6) (231.9) 224.2
Cash Flow
Operating Cash Flow 196.9 188.7 141.1 201.7 363.8 313.1 257.5 223.5 141.7 61.0 (58.6) (47.8) (31.7) (58.6)
Capital Expenditure (1.1) (0.3) (0.4) (0.1) (1.3) (0.0) (0.0) 0 0 (0.3) (3.4) (2.1) (0.8) (7.0)
Free Cash Flow 195.8 188.4 140.7 201.7 362.5 313.1 257.4 223.5 141.7 60.7 (62.1) (49.9) (32.4) (65.6)