Innoviva, Inc. income statement
In fiscal 2025, Innoviva, Inc. reported revenue of $411m, up 14.7% on the year before, operating income of $164m (a 39.8% margin) and net income of $271m, or $3.30 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 24 | 24 | 25 | 6 | 5 | 8 | 54 | 134 | 217 | 261 | 261 | 337 | 392 | 331 | 310 | 359 | 411 | 440 |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 246 | 296 | 308 | 318 |
| Research and development | 78 | 75 | 104 | 8 | 9 | 7 | 3 | 1 | 1 | 0 | 0 | 2 | 1 | 41 | 34 | 14 | 31 | 29 |
| Selling, general and administrative | — | — | 31 | 31 | 48 | — | — | — | — | — | — | 14 | 16 | 64 | 98 | 116 | 113 | 126 |
| General and administrative | 27 | 27 | — | — | — | 35 | 20 | 23 | 32 | 20 | 15 | — | — | — | — | — | — | — |
| Operating income | −81 | −78 | −110 | −25 | −29 | −34 | 32 | 109 | 184 | 238 | 246 | 321 | 375 | — | 114 | 167 | 164 | 163 |
| Interest expense | 6 | 6 | 6 | 6 | 9 | 37 | 52 | 52 | 44 | 24 | 19 | 18 | 19 | 16 | 19 | 22 | 17 | 18 |
| Income before tax | — | — | — | — | −31 | −74 | −19 | 60 | 134 | 210 | 233 | 354 | 445 | 287 | 194 | 37 | 327 | 419 |
| Income tax | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −196 | 42 | 60 | 76 | 67 | 14 | 14 | 56 | 62 |
| Net income | −85 | −84 | −115 | −19 | −171 | −168 | −19 | 60 | 134 | 395 | 157 | 224 | 266 | 214 | 180 | 23 | 271 | 357 |
| Diluted EPS | −$1.35 | −$1.16 | −$1.41 | −$0.20 | −$1.67 | −$1.50 | −$0.16 | $0.53 | $1.17 | $3.53 | $1.43 | $2.02 | $2.87 | $2.37 | $2.20 | $0.36 | $3.30 | $4.08 |
| Diluted shares (average) | 63m | 72m | 82m | 91m | 102m | 112m | 115m | 123m | 120m | 113m | 113m | 114m | 94m | 95m | 87m | 74m | 85m | 88m |
| EBITDA | −76 | −72 | −102 | −22 | −25 | −22 | 46 | 123 | 198 | 252 | 260 | 335 | 389 | — | — | — | — | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 90 | 92 | 89 | 100 | 108 | 115 | 98 | 120 |
| Gross profit | 73 | 78 | 73 | 83 | 76 | 76 | 76 | 91 |
| Research and development | 4 | 4 | 4 | 8 | 14 | 5 | 5 | 5 |
| Selling, general and administrative | 26 | 31 | 27 | 26 | 27 | 32 | 32 | 35 |
| Operating income | 43 | 43 | 41 | 49 | 35 | 39 | 38 | 51 |
| Interest expense | 6 | 5 | 5 | 5 | 4 | 3 | 5 | 5 |
| Income before tax | 7 | 25 | −39 | 73 | 98 | 195 | 235 | −108 |
| Income tax | 6 | 4 | 8 | 9 | 8 | 31 | 48 | −25 |
| Net income | 1 | 20 | −47 | 64 | 90 | 164 | 187 | −83 |
| Diluted EPS | $0.02 | $0.31 | −$0.74 | $0.77 | $1.08 | $1.95 | $2.22 | −$1.14 |
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