INVA
Innoviva, Inc.19.92
-0.22-1.09%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
1.49BP/E (TTM)
12.00Basic EPS (TTM)
1.66Dividend Yield
0%Recent Filings
10-K
FY2025 results
Innoviva's FY2025 delivered $411M total revenue, up 15% y/y, with net product sales doubling to $172M in Q4 on GIAPREZA® and XACDURO® momentum while royalties dipped 2% to $236M (net). Q4 sales hit $59M, more than doubling y/y, fueled by hospital adoption; operating income held at $164M annually amid R&D investments. Strong cash position of $551M funds $261M 2028 Notes and $125M buyback, with $121M ISP distributions received. NUZOLVENCE® FDA nod caps Q4 wins. Lower-than-expected GSK royalties threaten momentum.
8-K
Q4 revenue surges 25%
Innoviva posted Q4 revenue of $114.6M, up 25% year-over-year, driven by net product sales doubling to $59.1M while royalties dipped slightly to $58.4M. Full-year revenue hit $411.3M with net income of $271.2M, fueled by $161.6M in investment gains. FDA approved NUZOLVENCE for gonorrhea; IST eyes $150M+ U.S. sales in 2026. $125M buyback underway.
8-K
Q3 revenue up 20%
10-Q
Q3 FY2025 results
Innoviva posted Q3 revenue of $107.8M, up 20% y/y, driven by 70% surge in net product sales to $47.3M (XACDURO up 178% ex-U.S., GIAPREZA up 39% U.S.) while royalties grew 5% y/y to $59.9M. Gross profit hit $75.5M (70.1% margin, down from 81.6% on higher COGS), operating income dipped 20% y/y to $34.6M amid R&D spike, yet net income soared to $89.9M ($1.08 diluted EPS) on $62.3M investment gains—diluted shares rose to 85M from conversions. Cash swelled to $476.5M, OCF $142.4M YTD; 2025 Notes cleared, leaving $261M 2028 Notes. ZEVTERA launched July 2025. Patent risks linger on GIAPREZA.
10-Q
Q2 FY2025 results
Innoviva's Q2 FY2025 revenue edged up 0.4% y/y to $100.3M, fueled by net product sales surging 64% y/y to $35.5M on stronger GIAPREZA and XACDURO demand, while royalties held steady at $63.9M. Gross margin dipped to 82.9% from 85.1% y/y amid higher costs, yet operating income fell 10.8% y/y to $48.8M, with R&D up sharply for zoliflodacin ahead of its December PDUFA. Diluted EPS swung to $0.77 from a $0.55 loss y/y, reconciling via if-converted method on $453M debt; YTD EPS of $0.24 aligns with 84.3M shares. Operating cash flow hit $92.7M YTD, lifting cash to $397.5M against $449M debt (2.5-2.125% rates, due 2025/2028) and full revolver availability. ZEVTERA launched in July; FDA accepted zoliflodacin NDA in June. Yet GSK's commercialization choices could crimp royalties.
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