Innoviz Technologies (INVZ) AI Stock Analysis

• Market Cap: $177.87M
• Dividend Yield: N/A
• Average Volume (3M): 2.35M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.85
• Revenue Growth: 46.09%
• EPS Growth: 46.01%
• Country: US
• Employees: 415
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): -0.10
• Shares Outstanding: 208,542,160
• 10 Day Avg. Volume: 1,838,495
• 30 Day Avg. Volume: 2,354,769
• PEG Ratio: 0.06
• Price to Book (P/B): 2.19
• Price to Sales (P/S): 3.10
• P/FCF Ratio: -3.28
• Enterprise Value/Market Cap: 1.31
• Enterprise Value/Revenue: 4.24
• Enterprise Value/Gross Profit: 18.11
• Enterprise Value/Ebitda: -3.80
• 1Y Price Target: $1.25
• Price Target Upside: 47.06% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): -0.28
• Revenue Forecast (FY): $83.33M

• Rating: 47 Neutral
• Price Target: $0.88 ▲(3.18% Upside)
• Action: Reiterated Date: 02/26/26
• Date: Action: Reiterated 02/26/26

The score is held down primarily by weak financials—large losses and persistent cash burn despite improving revenue and gross margins. Technicals also remain bearish with the stock trading below major moving averages. These are partially offset by a more positive earnings call outlook, including 2026 growth guidance and production ramp expectations, while valuation is constrained by negative earnings and no dividend yield data.

Positive Factors

Accelerating Revenue Growth & Guidance

Sustained, high single- to double-digit top-line expansion and explicit full-year guidance reflect conversion of design work into production shipments. This revenue momentum and clear ramp trajectory materially improve the company’s ability to scale operations and reduce per-unit costs over the next 2–6 months.

Major OEM Series-Production Win

A series-production selection by a major OEM validates product maturity and opens multi-year supply revenue. Such program-level wins create durable backlog potential and stronger OEM relationships, increasing likelihood of recurring production volumes and raising barriers for competitors in the commercial autonomous segment.

Product Competitive Strength (Innoviz Three)

A markedly smaller, higher-performance LiDAR improves integration across vehicle platforms and lowers system-level costs and power constraints. That product differentiation supports broader OEM adoption and non-automotive use cases, strengthening Innoviz’s competitive positioning and long-term addressable market expansion.

Negative Factors

High Cash Burn & Negative Cash Flow

Meaningful quarterly cash burn and persistent negative operating/free cash flows place pressure on liquidity unless production ramps and gross margins improve. Over a 2–6 month horizon, continued cash outflows could require additional financing or slow investments, constraining execution and raising dilution or credit risks.

Variable Gross Margins

Wide quarter-to-date margin swings indicate sensitivity to production ramp timing, product mix and NRE milestones. Until high-volume, automotive-grade manufacturing stabilizes and cost reductions are realized, margin volatility will hinder consistent profitability and cash conversion, complicating multi-quarter planning.

Persisting Negative Profitability Metrics

Ongoing negative profitability across core metrics shows the company has not yet converted revenue growth into operating profitability. This structural earnings weakness limits internal financing capacity and prolongs reliance on external capital until scale economics and expense efficiencies are realized.

Innoviz Technologies Business Overview & Revenue Model

Company Description

Innoviz Technologies Ltd. designs and manufactures solid-state LiDAR sensors and develops perception software that enables the mass production of autonomous vehicles. The company manufactures InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxi, shuttle, trucking, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy. Its automotive-grade sensor is integrable into Level 3 through 5 autonomous vehicles for the safety of passengers and pedestrians. The company also provides InnovizTwo, an automotive-grade LiDAR sensor that offers a solution for all levels of autonomous driving, as well as an option to integrate the perception application in the LiDAR sensor; Innoviz360, a 360-degree LiDAR for automotive and non-automotive applications; and perception application, a software application that turns the InnovizOne LiDAR's raw point cloud data into perception outputs to provide scene perception and deliver an automotive-grade ASIL B(D) solution. It operates in Europe, Asia Pacific, the Middle East, Africa, and North America. Innoviz Technologies Ltd. was incorporated in 2016 and is headquartered in Rosh HaAyin, Israel.

How the Company Makes Money

Innoviz Technologies generates revenue through the sale of its LiDAR sensors and related software solutions to automotive manufacturers and technology companies developing autonomous vehicles. The company operates a business model that includes both direct sales and partnerships with key players in the automotive industry. Significant revenue streams include long-term contracts with automotive OEMs (original equipment manufacturers) and Tier 1 suppliers, providing them with the necessary LiDAR technology for integration into their vehicles. Additionally, Innoviz may generate revenue from licensing agreements for its software and technology, as well as from providing ongoing support and maintenance services. Strategic partnerships with industry leaders further enhance its market reach and contribute to consistent earnings.

Innoviz Technologies Financial Statement Overview

Summary

Revenue and gross margin improved meaningfully (TTM revenue ~$55.1M, gross margin ~23.5% versus negative in prior years), but the company remains far from breakeven with very large losses (net margin about -134%) and substantial cash burn (TTM operating cash flow about -$47.8M; free cash flow about -$52.0M). Balance sheet leverage is moderate (debt-to-equity ~0.39) with positive equity (~$77.7M), but weak returns and ongoing losses remain the key financial risk.

Income Statement

TTM (Trailing-Twelve-Months) revenue rose to ~$55.1M (up ~13.7%), and gross margin improved to ~23.5% versus negative gross margin in 2022–2024, signaling better unit economics. However, profitability remains deeply negative, with EBIT and net losses still larger than revenue (net margin about -134%), indicating the company is not yet close to breakeven despite progress.

Balance Sheet

Leverage looks moderate with debt-to-equity around 0.39 in TTM (Trailing-Twelve-Months) and equity remaining positive (~$77.7M), providing some balance-sheet support. The key weakness is continued heavy losses driving very weak returns on equity (about -71% TTM), which can pressure equity over time if profitability does not improve.

Cash Flow

Cash generation remains a major drawback: TTM (Trailing-Twelve-Months) operating cash flow was about -$47.8M and free cash flow about -$52.0M, with free cash flow worsening versus the prior year (growth ~-14.8%). A positive sign is burn improvement compared with 2023–2024 levels, but the business is still consuming substantial cash and will likely need continued funding until margins and operating costs improve further.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	55.09M	24.27M	20.88M	6.03M	5.47M
Gross Profit	12.90M	-1.16M	-11.61M	-8.76M	-5.02M
EBITDA	-61.86M	-94.13M	-123.41M	-125.88M	-153.69M
Net Income	-67.80M	-94.76M	-123.45M	-126.87M	-153.56M
Balance Sheet
Total Assets	138.45M	132.05M	219.23M	255.43M	327.22M
Cash, Cash Equivalents and Short-Term Investments	72.13M	67.95M	145.37M	178.08M	265.73M
Total Debt	64.55M	29.59M	32.51M	33.92M	0.00
Total Liabilities	60.73M	53.12M	65.94M	63.42M	28.42M
Stockholders Equity	77.72M	78.93M	153.29M	192.02M	298.80M
Cash Flow
Free Cash Flow	-52.01M	-81.37M	-99.63M	-115.98M	-86.31M
Operating Cash Flow	-47.76M	-76.95M	-93.05M	-93.41M	-82.52M
Investing Cash Flow	-21.39M	75.47M	1.06M	125.35M	-281.60M
Financing Cash Flow	51.47M	224.00K	61.86M	609.00K	337.18M

Innoviz Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.85
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INVZ, the sentiment is Negative. The current price of 0.85 is below the 20-day moving average (MA) of 0.94, below the 50-day MA of 1.02, and below the 200-day MA of 1.42, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 32.66 is Neutral, neither overbought nor oversold. The STOCH value of 32.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for INVZ.

Innoviz Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HSAI	62 Neutral	$4.41B	60.00	6.61%	―	43.16%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
AEVA	48 Neutral	$796.66M	-2.61	-192.35%	―	89.90%	5.13%
INVZ	47 Neutral	$177.87M	-2.53	-86.56%	―	46.09%	46.01%
LIDR	46 Neutral	$73.89M	-0.75	-75.54%	―	-19.11%	73.51%
OUST	45 Neutral	$1.14B	-11.50	-42.03%	―	30.20%	35.80%

Innoviz Technologies Corporate Events

Innoviz Doubles 2025 Revenue and Wins New Autonomous Truck Deal as It Sets 2026 Targets

On February 25, 2026, Innoviz Technologies reported that 2025 revenues more than doubled year over year to $55.1 million, driven by non-recurring engineering services and LiDAR unit sales, while operating expenses fell 20% to $80.6 million and liquidity stood at $72.1 million at year-end. The company highlighted record gross margins, ongoing cost discipline, and a strengthened balance sheet as it scales production and seeks to cement its position as a large-scale LiDAR supplier.

Management detailed a pivotal 2025 marked by new automotive wins, including selection by Daimler Truck and Torc Robotics for Level 4 autonomous Class 8 trucks in North America and continued progress on Level 3 and Level 4 programs with Mobileye, Volkswagen and other OEMs. Innoviz also expanded its Physical AI offerings with the launch of InnovizThree for behind-the-windshield deployment and growing traction for its InnovizSMART and InnovizSMARTer solutions in perimeter security and other non-automotive markets.

Looking ahead to 2026, the company set targets for revenues of $67 million to $73 million, 2–3 new program wins, and up to 10% of sales from non-automotive LiDAR applications, alongside $20 million to $30 million in new NRE payment plans. These goals underscore Innoviz’s strategy to deepen its presence in both automotive and adjacent sectors, leveraging its expanding product suite to capture rising demand for Level 3 and Level 4 autonomy and broader sensing applications.

The most recent analyst rating on (INVZ) stock is a Hold with a $0.95 price target. To see the full list of analyst forecasts on Innoviz Technologies stock, see the INVZ Stock Forecast page.

Innoviz Technologies Concludes Annual Shareholder Meeting with Key Governance Resolutions

On December 16, 2025, Innoviz Technologies Ltd. held its annual general meeting at its headquarters in Israel, where shareholders approved four key resolutions. These included the re-election of two Class II directors, the readoption of the company’s compensation policy for executives and directors, the approval of CEO-specific compensation, and the appointment of Kesselman & Kesselman as auditors. These decisions reinforce Innoviz’s governance structure, compensation alignment, and operational oversight, strengthening its position in the autonomous technology sector.

The most recent analyst rating on (INVZ) stock is a Buy with a $2.00 price target. To see the full list of analyst forecasts on Innoviz Technologies stock, see the INVZ Stock Forecast page.