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Innoviva, Inc. INVA Inventory Fair Value Step Up Adjustment Included In Cost Of Product Sales

Inventory Fair Value Step Up Adjustment Included In Cost Of Product Sales at other companies

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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

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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 inva:InventoryFairValueStepUpAdjustmentIncludedInCostOfProductSales.

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 inventory fair value step up adjustment included in cost of product sales?
Innoviva, Inc. (INVA) reported inventory fair value step up adjustment included in cost of product sales of $1.15M in Q1 2026.
How has Innoviva, Inc.'s inventory fair value step up adjustment included in cost of product sales changed year-over-year?
Innoviva, Inc.'s inventory fair value step up adjustment included in cost of product sales increased by 370.9% year-over-year, from $244K to $1.15M.
What does inventory fair value step up adjustment included in cost of product sales mean?
This adjustment accounts for the difference between the historical cost of inventory and its fair value at the time of an acquisition. It is added back to net income in the cash flow statement because it is a non-cash expense related to purchase accounting. This metric is essential for normalizing operating cash flows following business combinations.