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Innoviva, Inc. INVA Gross margin

Gross margin at other companies

Pfizer logo
PfizerPFE
73.5%+1.2pp
Merck & Co. logo
Merck & Co.MRK
73.9%-2.5pp
AbbVie logo
AbbVieABBV
70.7%0.0pp
Insmed logo
InsmedINSM
81.8%+5.3pp
Ionis Pharmaceuticals logo
Ionis PharmaceuticalsIONS
98.4%-0.2pp
Alkermes logo
AlkermesALKS
86.6%+2.2pp

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$1.4B+9.7%
P/E3.5×
P/S4.1×+1.0×

Profitability

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Operating margin38.1%-11.2pp
Net margin119.9%+107pp
FCF margin54.1%+5.3pp

Returns & leverage

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Return on equity29.1%
Debt / equity0.2×
Current ratio21.1×+18.7×

Where this comes from

Calculated from Innoviva, Inc.’s reported figures.

Based on trailing twelve months.

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 gross margin?
Innoviva, Inc. (INVA) reported gross margin of 73.7% in Q1 2026.
How has Innoviva, Inc.'s gross margin changed year-over-year?
Innoviva, Inc.'s gross margin decreased by 11.9% year-over-year, from 83.7% to 73.7%.
What is the long-term trend for Innoviva, Inc.'s gross margin?
Over 2 years (2023 to 2025), Innoviva, Inc.'s gross margin has grown at a -2.8% compound annual growth rate (CAGR), from 79.2% to 74.8%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.