INVA
Innoviva, Inc.19.92
-0.22-1.09%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '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-Q
8-K
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.
8-K
Innoviva Q2 revenue surges
Innoviva reported Q2 2025 revenue of $100.3 million, driven by steady $67.3 million in GSK royalties and surging $35.5 million in net product sales, up 64% year-over-year, fueled by IST's critical care antibiotics. The company launched ZEVTERA in the U.S. in July for MRSA infections, while zoliflodacin's NDA earned FDA Priority Review with a December 15 PDUFA date. Net income hit $63.7 million, bolstered by $24.4 million in favorable investment gains. Cash swelled to $397.5 million, yet R&D costs rose for zoliflodacin prep.
8-K
Innoviva annual meeting results
Innoviva's stockholders at the May 19, 2025 annual meeting elected Derek Small, Mark A. DiPaolo, Jules Haimovitz, Sarah J. Schlesinger, and Pavel Raifeld to the board for one-year terms, with strong support exceeding 90% for each. They also approved executive compensation on a non-binding basis and ratified Deloitte & Touche as auditors for 2025. Board continuity solidified. No disruptions noted.
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