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Innoviva, Inc.

INVA

Innoviva, Inc. is a diversified biopharmaceutical company that operates a dual-model business consisting of a high-margin respiratory royalty portfolio and a wholly owned specialty therapeutics platform.

Market cap
$1.57B+35.9%
Revenue$420.7M+13.8%
Net income$504.3M+944%
Free cash flow$197.1M+21.5%
EPS (diluted)$6.02+727%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$111.0M
EPS estimate$0.44

Financials

Q1 2026

Income statement

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Revenue$98.0M+10.6%
Gross profit$75.8M+3.4%
Operating income$38.2M-7.9%
Net income$186.6M+501%
EPS (diluted)$2.22+400%

Balance sheet

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Cash & equivalents$603.1M+89.0%
Total debt$269.4M-40.3%
Total equity$1.3B
Total assets$1.8B+46.4%

Cash flow

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Operating cash flow$35.3M-27.4%
CapEx$492.0K
Free cash flow$34.8M-28.4%

Valuation & ratios

Valuation

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Market cap$1.57B+35.9%
Enterprise value$1.24B+1.7%
P/E3.1×-27.0×
P/S3.7×+0.6×

Profitability

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Gross margin73.7%-9.9pp
Operating margin38.1%-11.2pp
Net margin119.9%+107pp

Returns & leverage

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Debt / equity0.2×
Current ratio21.1×+18.7×

Competitors

Profile

Innoviva, Inc. is a diversified biopharmaceutical company that operates a dual-model business consisting of a high-margin respiratory royalty portfolio and a wholly owned specialty therapeutics platform. The company focuses on the development and commercialization of critical care and infectious disease treatments for the hospital setting, while leveraging long-term royalty streams from partnered respiratory assets. Innoviva actively manages a portfolio of strategic healthcare investments to drive long-term shareholder value through capital allocation in areas of significant unmet medical need.

Competitive position

Innoviva holds a leading position in the niche critical care and infectious disease market while maintaining a significant royalty interest in established global respiratory franchises.

GeographiesUnited States, European Union, China, Global
Customer segmentsHospitals, Pharmaceutical companies
Business modelRoyalty management, Product commercialization, Strategic investment
SuppliersContract manufacturing organizations (CMOs), Active pharmaceutical ingredient (API) suppliers, Clinical research organizations
CustomersHospitals, Specialty pharmacies, Wholesale distributors, International sub-licensees
Listed2004
Employees112.0
CEOPavel Raifeld
Websiteinva.com
FilingsSEC EDGAR

Questions, answered.

What is Innoviva, Inc.'s market cap?
Innoviva, Inc. (INVA) has a market capitalization of $1.6B and trades on NASDAQ.
What is Innoviva, Inc.'s revenue and profitability?
Innoviva, Inc. generated $420.7M in trailing twelve-month revenue with net income of $504.3M, representing a net margin of 119.9%. Gross margin stands at 73.7%, with free cash flow of $197.1M. These figures are based on the Q1 2026 filing.
Who are Innoviva, Inc.'s competitors?
Innoviva, Inc.'s key competitors include Merck & Co., Inc., Pfizer Inc., AbbVie Inc., and others. These companies compete in similar markets and product categories.
Who does Innoviva, Inc. partner with?
Innoviva, Inc.'s notable partners include GSK, Basilea Pharmaceutica Ltd, Everest Medicines Limited, and others.
What subsidiaries does Innoviva, Inc. have?
Innoviva, Inc.'s subsidiaries include Entasis Therapeutics, La Jolla Pharmaceutical, Tetraphase Pharmaceuticals, Inc., and others.
Where is Innoviva, Inc. headquartered?
Innoviva, Inc. is headquartered in United States of America and employs approximately 112 people. It has been publicly traded since 2004.