Innoviz Technologies (INVZ)
NASDAQ:INVZ
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Innoviz Technologies
(NASDAQ:INVZ)
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Rating:48Neutral
Price Target:
$0.70
▲(4.93% Upside)
Action:ReiteratedDate:03/28/26
The score is held down primarily by weak financial quality (large ongoing losses and sizable cash burn) and bearish technicals (below key moving averages with negative MACD). Offsetting factors include constructive earnings-call outlook (2026 growth guidance, margin improvement, OpEx reductions and production ramp plans), while valuation is difficult to assess meaningfully due to negative earnings and no dividend yield data.
Positive Factors
Strong revenue growth trajectory
Sustained, large YoY revenue growth indicates expanding product adoption across OEM and Tier‑1 programs. Durable top-line momentum supports scale benefits, strengthens negotiating leverage with suppliers, and increases the probability of converting design wins into longer term series-production revenue as ramps continue.
Negative Factors
Negative operating cash flow / high cash burn
Substantial negative operating and free cash flow creates runway pressure and increases the likelihood of additional financing before breakeven. Even with burn improvement, continued cash consumption reduces optionality for capex or longer sales cycles and elevates dilution or covenant risks if production ramps slip.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth trajectory
Sustained, large YoY revenue growth indicates expanding product adoption across OEM and Tier‑1 programs. Durable top-line momentum supports scale benefits, strengthens negotiating leverage with suppliers, and increases the probability of converting design wins into longer term series-production revenue as ramps continue.
Read all positive factors
Innoviz Technologies (INVZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$144.95M
Dividend YieldN/A
Average Volume (3M)2.68M
Price to Earnings (P/E)―
Beta (1Y)2.55
Revenue Growth127.00%
EPS Growth40.53%
CountryUS
Employees415
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)-0.34
Shares Outstanding214,523,560
10 Day Avg. Volume2,092,930
30 Day Avg. Volume2,675,124
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)2.19
Price to Sales (P/S)3.10
P/FCF Ratio-3.28
Enterprise Value/Market Cap1.41
Enterprise Value/Revenue3.70
Enterprise Value/Gross Profit15.79
Enterprise Value/Ebitda-3.32
Forecast
1Y Price Target
$0.75Price Target Upside11.94% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-0.28
Revenue Forecast (FY)$83.33M
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 aut...
How the Company Makes Money
Innoviz primarily makes money by selling lidar-related products and services to automotive and mobility customers. Key revenue streams include: (1) Lidar hardware sales: revenue from shipping lidar sensors (including InnovizOne and InnovizTwo) to ...
Innoviz Technologies Earnings Call Summary
Earnings Call Date:Feb 25, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 14, 2026
Earnings Call Sentiment Positive
The call presented strong operational and commercial momentum: record revenue growth (>100% YoY), a meaningful swing to positive gross margins (~23% vs -5%), product introductions (InnovizThree, InnovizSMART/SMARTer), a major commercial win with Daimler Truck and planned production ramp (3x–4x). Management provided constructive 2026 guidance (~27% revenue growth) and targets for increasing nonautomotive revenue contribution. Key risks include continued operating losses (OpEx > revenue), significant reliance on NRE recognition (~$66M remaining), cash burn/runway sensitivity, margin variability, and uncertainty around converting several program opportunities into series production. On balance, the positive operational progress, product traction and marquee customer engagements outweigh the remaining financial and execution risks.Positive Updates
Record Revenue Growth
2025 revenue of $55.1M, more than double year-over-year (>100% YoY growth) and a record year for the company.
Negative Updates
Company Still Not Profitable
Despite revenue and margin improvement, 2025 operating expenses ($80.6M) exceeded 2025 revenue ($55.1M), indicating continued operating losses and no profitability yet.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Revenue Growth
2025 revenue of $55.1M, more than double year-over-year (>100% YoY growth) and a record year for the company.
Read all positive updates
Company Guidance
Management guided 2026 revenue of $67–73 million (about 27% growth vs. 2025's $55.1M), expects Fabrinet production to be 3x–4x 2025 volumes, and sees nonautomotive physical‑AI rising to up to 10% of revenues (from ~1% in 2025); they expect to add 2–3 new programs and secure $20–30 million of new NRE payment plans in addition to existing NREs. Total NRE payment plans stand at roughly $111M (≈$45M recognized in 2025, ~$66M remaining, which management expects to recognize mostly in 2026–2027), and the company reiterated improving financials (2025 gross margin ≈23%, OpEx $80.6M vs. $100.8M in 2024, year‑end cash ≈$72.1M) to support the ramp to SOPs.Innoviz Technologies Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
48
Neutral
Cash Flow
28
Negative
| 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
Negative
0.67
Price Trends
0.78
Negative
0.95
Negative
1.36
Negative
Market Momentum
-0.03
Negative
44.40
Neutral
55.93
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 0.67 is above the 20-day moving average (MA) of 0.66, below the 50-day MA of 0.78, and below the 200-day MA of 1.36, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 44.40 is Neutral, neither overbought nor oversold. The STOCH value of 55.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for INVZ.
Innoviz Technologies Risk Analysis
Innoviz Technologies disclosed 47 risk factors in its most recent earnings report. Innoviz Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Innoviz Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | $3.46B | 40.46 | 6.54% | ― | 46.20% | ― | |
52 Neutral | $88.42M | -2.79 | -72.75% | ― | 15.35% | 70.14% | |
48 Neutral | $144.95M | -2.11 | -73.64% | ― | 127.00% | 40.53% | |
48 Neutral | $990.17M | -7.48 | 9999.00% | ― | 99.44% | 5.62% | |
47 Neutral | $1.79B | 82.09 | -26.89% | ― | 52.46% | 47.14% |
* Consumer Cyclical Sector Average
INVZ
Innoviz Technologies
0.68
-0.02
-3.57%
AEVA
Aeva Technologies
15.73
6.52
70.79%
OUST
Ouster
28.15
20.14
251.44%
LIDR
AEye Inc
1.95
1.27
186.76%
HSAI
Hesai Group Sponsored ADR
21.63
4.35
25.17%
Innoviz Technologies Corporate Events
Innoviz Technologies Receives Nasdaq Minimum Bid Price Non-Compliance Notice
Mar 27, 2026
Innoviz Technologies, a leading Tier-1 supplier of automotive-grade LiDAR systems and perception software for global carmakers and industrial users, operates across major markets in the U.S., Europe and Asia. Its technology is designed to enhance ...
Innoviz Doubles 2025 Revenue and Wins New Autonomous Truck Deal as It Sets 2026 Targets
Feb 25, 2026
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 liq...
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.