What is Innoviva, Inc.'s deferred revenue?

Innoviva, Inc. (INVA) reported deferred revenue of $3.68M in Q1 2026.

How has Innoviva, Inc.'s deferred revenue changed year-over-year?

Innoviva, Inc.'s deferred revenue increased by 267.0% year-over-year, from $1M to $3.68M.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Innoviva, Inc. INVA Deferred Revenue

Deferred Revenue at other companies

Ligand PharmaceuticalsLGND

$621K+515%

AlkermesALKS

$0-100%

ZymeworksZYME

$2.08M-91.2%

Protagonist TherapeuticsPTGX

$6.28M-23.2%

Ionis PharmaceuticalsIONS

$69.2M-14.7%

Other financials

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

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Market cap$1.74B+51.8%

Enterprise value$1.41B+9.7%

P/E3.5×—

P/S4.2×+1.0×

Profitability

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Gross margin73.7%-9.9pp

Operating margin38.1%-11.2pp

Net margin119.9%+107pp

FCF margin54.1%+5.3pp

Returns & leverage

See full

Return on equity29.1%—

Debt / equity0.2×—

Current ratio21.1×+18.7×

Where this comes from

Reported directly by Innoviva, Inc. in its filing.

Tagged under the XBRL concept us-gaap:DeferredRevenueCurrent.

The official record: Innoviva, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Innoviva, Inc.'s deferred revenue?: Innoviva, Inc. (INVA) reported deferred revenue of $3.68M in Q1 2026.
How has Innoviva, Inc.'s deferred revenue changed year-over-year?: Innoviva, Inc.'s deferred revenue increased by 267.0% year-over-year, from $1M to $3.68M.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.