Innoviva Inc (INVA)
NASDAQ:INVA
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Innoviva
(NASDAQ:INVA)
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Rating:74Outperform
Price Target:
$27.00
▲(11.62% Upside)
Action:UpgradedDate:02/26/26
Score is driven primarily by strong financial performance, highlighted by high profitability, solid cash generation, and a materially de-risked balance sheet (debt reported at $0). The main offset is technical stretch (overbought indicators) and only moderate valuation support (P/E ~17.4; no dividend yield provided).
Positive Factors
High profitability and cash generation
Sustained high gross and net margins alongside strong operating and free cash flow indicate the business converts revenue to cash efficiently. That durable cash generation supports reinvestment, payouts, and M&A flexibility over the next several quarters.
Negative Factors
Volatile margins and earnings
Material year-to-year swings in margins and net income complicate forecasting and capital allocation. Persistent volatility can undermine investor confidence and makes sustaining investment or dividend policies more difficult over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability and cash generation
Sustained high gross and net margins alongside strong operating and free cash flow indicate the business converts revenue to cash efficiently. That durable cash generation supports reinvestment, payouts, and M&A flexibility over the next several quarters.
Read all positive factors
Innoviva (INVA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.78B
Dividend YieldN/A
Average Volume (3M)725.74K
Price to Earnings (P/E)5.0
Beta (1Y)0.21
Revenue Growth9.76%
EPS Growth88.06%
CountryUS
Employees127
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)1.94
Shares Outstanding74,073,650
10 Day Avg. Volume710,967
30 Day Avg. Volume725,740
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.15
Price to Sales (P/S)3.17
P/FCF Ratio6.88
Enterprise Value/Market Cap0.72
Enterprise Value/Revenue3.07
Enterprise Value/Gross Profit3.90
Enterprise Value/Ebitda3.41
Forecast
1Y Price Target
$37.00Price Target Upside52.96% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.97
Revenue Forecast (FY)$439.36M
Innoviva Business Overview & Revenue Model
Company Description
Innoviva, Inc. engages in the development and commercialization of pharmaceuticals in the United States and internationally. Its products include RELVAR/BREO ELLIPTA, a once-daily combination medicine consisting of a LABA, vilanterol (VI), an inha...
How the Company Makes Money
Innoviva generates revenue primarily through its partnerships and collaborations with other pharmaceutical companies. The company earns royalties from the sales of its partnered products, leveraging its proprietary technologies and drug delivery s...
Innoviva Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
76
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 425.13M | 358.71M | 310.46M | 331.34M | 391.87M |
| Gross Profit | 307.52M | 322.11M | 267.82M | 317.55M | 391.87M |
| EBITDA | 383.79M | 85.50M | 235.04M | 308.32M | 464.35M |
| Net Income | 271.17M | 23.39M | 179.72M | 213.92M | 265.85M |
Balance Sheet | |||||
| Total Assets | 1.64B | 1.30B | 1.24B | 1.23B | 926.39M |
| Cash, Cash Equivalents and Short-Term Investments | 550.94M | 412.50M | 193.51M | 291.05M | 201.53M |
| Total Debt | 269.02M | 451.10M | 449.08M | 544.07M | 394.76M |
| Total Liabilities | 462.32M | 609.90M | 568.55M | 665.71M | 400.46M |
| Stockholders Equity | 1.17B | 691.16M | 674.96M | 565.79M | 414.74M |
Cash Flow | |||||
| Free Cash Flow | 195.80M | 188.42M | 140.65M | 201.66M | 362.51M |
| Operating Cash Flow | 196.93M | 188.69M | 141.06M | 201.73M | 363.81M |
| Investing Cash Flow | 40.50M | -63.79M | -66.76M | -56.63M | 43.72M |
| Financing Cash Flow | 8.55M | -13.45M | -171.84M | -55.57M | -452.50M |
Innoviva Technical Analysis
Positive
24.19
Price Trends
22.67
Positive
21.45
Positive
20.32
Positive
Market Momentum
0.47
Negative
66.89
Neutral
74.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INVA, the sentiment is Positive. The current price of 24.19 is above the 20-day moving average (MA) of 22.91, above the 50-day MA of 22.67, and above the 200-day MA of 20.32, indicating a bullish trend. The MACD of 0.47 indicates Negative momentum. The RSI at 66.89 is Neutral, neither overbought nor oversold. The STOCH value of 74.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for INVA.
Innoviva Risk Analysis
Innoviva disclosed 72 risk factors in its most recent earnings report. Innoviva reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Innoviva Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $1.78B | 4.97 | 30.60% | ― | 9.76% | 88.06% | |
57 Neutral | $1.66B | -10.55 | -28.85% | ― | ― | -37.07% | |
56 Neutral | $1.03B | 2,273.17 | -5.33% | ― | 42.05% | 76.50% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
51 Neutral | $301.94M | -5.61 | -37.47% | ― | ― | 70.19% |
* Healthcare Sector Average
INVA
Innoviva
24.19
6.10
33.72%
XERS
Xeris Pharmaceuticals
6.07
1.99
48.77%
LENZ
LENZ Therapeutics
9.90
-13.16
-57.07%
RAPP
Rapport Therapeutics, Inc.
36.15
26.39
270.39%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.