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Companies / Healthcare / Innoviva, Inc.
INVA

Innoviva, Inc.

HealthcarePharmaceutical Preparations
Ticker INVABURLINGAME, CAFiscal year ends DecemberBook value per share $14.59Diluted shares 84.5M

Innoviva, Inc. (NASDAQ: NNVA) is a diversified biopharmaceutical company headquartered in California with a portfolio spanning respiratory royalties, critical care and infectious disease products, and strategic healthcare investments. The company operates through multiple business segments that collectively position… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$411.33M
+14.7% year over year
Last 12 mo $440.00M
39.81%
Last 12 mo 36.95%
$271.17M
+1059.2% year over year
Last 12 mo $357.24M
23.12%
+19.7 percentage points
Last 12 mo 28.97%
Cash & financing
$196.93M
+4.4% year over year
Last 12 mo $191.49M
$195.80M
+3.9% year over year
Last 12 mo $191.49M
0.22
Was 0.65× a year earlier
Last 12 mo 0.21
84.8M
+14.3% year over year
Last 12 mo 84.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Innoviva, Inc. does

In the company’s own words

Innoviva, Inc. (NASDAQ: NNVA) is a diversified biopharmaceutical company headquartered in California with a portfolio spanning respiratory royalties, critical care and infectious disease products, and strategic healthcare investments. The company operates through multiple business segments that collectively position it as a player in high-need therapeutic areas.

The company's royalty portfolio generates revenue through partnerships with Glaxo Group Limited (GSK) on respiratory assets including RELVAR/BREO ELLIPTA and ANORO ELLIPTA, which treat chronic obstructive pulmonary disease and asthma. Under tiered royalty agreements, Innoviva receives 15 percent on the first $3.0 billion of annual global net sales of RELVAR/BREO ELLIPTA and 5 percent above that threshold, while ANORO ELLIPTA royalties range from 6.5 to 10 percent.

The company's wholly owned critical care and infectious disease platform, Innoviva Specialty Therapeutics, represents a significant operational expansion. This segment includes five commercial products: GIAPREZA for septic shock, XACDURO for carbapenem-resistant Acinetobacter infections, XERAVA for complicated intra-abdominal infections, ZEVTERA for staphylococcus aureus bacteremia and pneumonia, and NUZOLVENCE for uncomplicated gonorrhea. These products address serious hospital-acquired and community-acquired infections with limited treatment options.

Beyond its core operations, Innoviva maintains strategic healthcare investments including a significant stake in Armata Pharmaceuticals, a bacteriophage development company, and economic interests in other healthcare companies through a portfolio approach.

The company's transformation from a pure-play royalty business reflects a disciplined capital deployment strategy focused on areas of significant unmet medical need. This evolution accelerated through acquisitions including Entasis Therapeutics and La Jolla Pharmaceutical in 2022, which anchored the critical care platform, and subsequent licensing agreements such as the ZEVTERA commercialization rights from Basilea. The company's strategy emphasizes maximizing respiratory asset value, growing its infectious disease platform, and efficiently allocating capital to enhance long-term shareholder returns. More information is available at www.innoviva.com.

Company details
Sector
Healthcare
Industry
Pharmaceutical Preparations
Headquarters
BURLINGAME, CA
Fiscal year end
December
CIK
1080014
SIC
2834

Financial performance, year by year

Fiscal 2013–2025 · USD
$-231.77M$-48.56M$134.65M$317.86M$501.07M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Innoviva, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

312
funds hold it
0 of 35
superinvestors hold it
$776.08M
held by funds, at market
47.6%
of shares held by funds
1
bond issues held by funds

Largest fund holders · Innoviva, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.09%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.05%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.02%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
0.11%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Innoviva, Inc.’s bonds, as funds hold them

Funds report holding 1 issues of Innoviva, Inc.’s debt, $15.80M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 2.13%, maturing 2028 to 2028.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Innoviva, Inc. and its peers compare on margins and cash generation over ten years?”
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