Innoviva, Inc. (INVA) Financial Statements (2026 and earlier)

Company Profile

Business Address 1350 OLD BAYSHORE HIGHWAY
BURLINGAME, CA 94010
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments304,964193,513291,049201,525246,487350,845
Cash and cash equivalent304,964193,513291,049201,525246,487278,096
Short-term investments      72,749
Receivables65,97469,62154,672110,71193,93179,427
Inventory, net of allowances, customer advances and progress billings33,72540,73755,897   
Inventory33,72540,73755,897   
Other current assets6564,2642,933   
Other undisclosed current assets148,98736,08438,9601,4371,640962
Total current assets:554,306344,219443,511313,673342,058431,234
Noncurrent Assets
Operating lease, right-of-use asset2,4532,5363,265   
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization514483170122833
Long-term investments and receivables341,664444,432403,013483,845438,258 
Long-term investments341,664444,432403,013483,845438,258 
Intangible asset, including goodwill, after accumulated amortization226,338248,240279,632   
Goodwill17,90517,90526,713   
Intangible asset, excluding goodwill, after accumulated amortization208,433230,335252,919   
Deferred income tax assets 12,054  17,32793,759154,171
Other noncurrent assets41,4773,2674,299108214312
Other undisclosed noncurrent assets122,254200,33097,607111,430125,253139,076
Total noncurrent assets:746,754899,288787,986612,722657,512293,592
TOTAL ASSETS:1,301,0601,243,5071,231,497926,395999,570724,826
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15,88117,15915,4744,7984,7084,809
Interest and dividends payable✕✕✕✕4,1524,1524,152
Employee-related liabilities✕✕✕✕619490647
Accounts payable2,1326,7172,939276610
Accrued liabilities13,74910,44212,535   
Deferred revenue1,1261,2772,094   
Debt 192,028 96,193   
Other liabilities  19,69821,2071,0091,402562
Other undisclosed current liabilities27,048     
Total current liabilities:236,08338,134134,9685,8076,1105,371
Noncurrent Liabilities
Long-term debt and lease obligation256,316446,234444,180394,653385,517377,120
Long-term debt, excluding current maturities256,316446,234444,180394,653385,517377,120
Liabilities, other than long-term debt117,50272,43376,689 106219
Accounts payable and accrued liabilities53,227     
Deferred income tax liabilities 5635,771   
Other liabilities64,27571,87070,918 106219
Other undisclosed noncurrent liabilities  11,7519,872   
Total noncurrent liabilities:373,818530,418530,741394,653385,623377,339
Total liabilities:609,901568,552665,709400,460391,733382,710
Equity
Equity, attributable to parent691,159674,955565,788414,743539,912313,495
Common stock6276336926961,0141,013
Treasury stock, value  (393,829)(393,829)(393,829)  
Additional paid in capital692,3291,093,3401,163,8361,264,0241,260,9001,258,859
Accumulated other comprehensive income      27
Retained earnings (accumulated deficit)(1,797)(25,189)(204,911)(456,148)(722,002)(946,404)
Equity, attributable to noncontrolling interest    111,19267,92528,621
Total equity:691,159674,955565,788525,935607,837342,116
TOTAL LIABILITIES AND EQUITY:1,301,0601,243,5071,231,497926,395999,570724,826

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues358,711310,463331,339391,866336,794261,016
Cost of revenue (166,077)     
Other undisclosed gross profit      
Gross profit:192,634310,463331,339391,866336,794261,016
Operating expenses(155,246)(153,938)(110,551)(16,763)(15,671)(14,656)
Operating income:37,388156,525220,788375,103321,123246,360
Nonoperating income (expense)(2,997)(4,969)263,32387,40451,4535,195
Investment income, nonoperating   266,69691,03051,8015,540
Other nonoperating expense(2,997)(4,969)(3,373)(3,626)(348)(345)
Interest and debt expense  (19,157)(36,451)(19,070)(18,331)(18,660)
Income from continuing operations before equity method investments, income taxes:34,391132,399447,660443,437354,245232,895
Income (loss) from equity method investments(64,253)77,392(161,749)   
Other undisclosed income (loss) from continuing operations before income taxes67,250(15,693)1,0381,839  
Income from continuing operations before income taxes:37,388194,098286,949445,276354,245232,895
Income tax expense(13,996)(14,376)(66,687)(76,439)(60,431)(41,902)
Income from continuing operations:23,392179,722220,262368,837293,814190,993
Income before gain (loss) on sale of properties:✕✕✕✕368,837293,814190,993
Net income:23,392179,722220,262368,837293,814190,993
Net loss attributable to noncontrolling interest   (6,341)(102,983)(69,412)(33,705)
Net income available to common stockholders, basic:23,392179,722213,921265,854224,402157,288
Interest on convertible debt    4,7364,7174,648
Other undisclosed net income available to common stockholders, diluted3,46811,58211,648   
Net income available to common stockholders, diluted:26,860191,304225,569270,590229,119161,936

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:23,392179,722220,262368,837293,814190,993
Other undisclosed comprehensive income (loss)     (27)30
Comprehensive income:23,392179,722220,262368,837293,787191,023
Comprehensive loss, net of tax, attributable to noncontrolling interest   (6,341)(102,983)(69,412)(33,705)
Comprehensive income, net of tax, attributable to parent:23,392179,722213,921265,854224,375157,318

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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