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Innoviva, Inc. INVA Internal Expenses — Research And Development Expense

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Other financials

Income statement

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Revenue$119.6M+19.3%
Gross profit$90.6M+9.0%
Operating income$50.9M+4.3%
Net income-$83.4M-231%
EPS (diluted)-$1.14-248%

Balance sheet

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Cash & equivalents$570.4M+43.5%
Total debt$269.7M-40.2%
Total equity$1.2B
Total assets$1.7B+27.7%

Cash flow

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Operating cash flow$52.0M+17.9%
CapEx$429.0K
Free cash flow$51.5M+16.9%

Valuation

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Market cap$1.53B+33.1%
Enterprise value$1.22B+2.1%
P/E4.3×-25.4×
P/S3.5×+0.4×

Profitability

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Gross margin72.2%-10.9pp
Operating margin36.9%-10.7pp
Net margin81.2%+70.8pp
FCF margin43.1%-11.1pp

Returns & leverage

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Return on equity29.1%
Debt / equity0.2×
Current ratio16×+13.4×

Where this comes from

Reported directly by Innoviva, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Innoviva, Inc.’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:26 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-335235
(In thousands)Three months ended June 30, 2026Three months ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Selling and marketing10,3358,14719,83716,218
General and administrative24,23618,26547,17237,685
Research and development - External services and expenses2,4636,7825,0699,833
Research and development - Internal expenses2,7271,2015,3622,546
Changes in fair values of equity method investments, net131,834(13,082)(25,816)467
Changes in fair values of equity and long-term investments, net29,153(11,280)(4,422)54,019
Interest and dividend income(7,599)(4,925)(18,586)(9,463)
Interest expense5,4724,66310,9099,374

Item 1. Financial Statements

FAQ

What is Innoviva, Inc.'s internal expenses — research and development expense?
Innoviva, Inc. (INVA) reported internal expenses — research and development expense of $2.73M in Q2 2026.
How has Innoviva, Inc.'s internal expenses — research and development expense changed year-over-year?
Innoviva, Inc.'s internal expenses — research and development expense increased by 127.1% year-over-year, from $1.2M to $2.73M.
What is the long-term trend for Innoviva, Inc.'s internal expenses — research and development expense?
Over 3 years (2022 to 2025), Innoviva, Inc.'s internal expenses — research and development expense has grown at a -30.9% compound annual growth rate (CAGR), from $16.77M to $5.53M.
What does internal expenses — research and development expense mean?
This metric represents the internal costs incurred by the company to support research and development activities within its specific operating segments. It captures the investment directed toward the discovery, clinical development, and regulatory advancement of the company's healthcare and pharmaceutical assets. Monitoring this expense helps investors evaluate the company's commitment to innovation and the sustainability of its product pipeline.

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