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Companies / Health Care / Innoviva, Inc.
INVA

Innoviva, Inc.

Health CarePharmaceutical Preparations
Ticker INVABURLINGAME, CAFiscal year ends DecemberBook value per share $15.38Diluted shares 74.0M

Innoviva, Inc. (Nasdaq: INVA) is a diversified biopharmaceutical company with a respiratory royalty portfolio, a critical care and infectious disease business, and strategic healthcare investments. It receives royalties from GSK sales of RELVAR/BREO ELLIPTA and ANORO ELLIPTA, medicines for respiratory conditions… From the company’s description.

Over the twelve months to Sep 30, 2026, Innoviva, Inc. reported revenue of $438.32M, up 12.8% from a year earlier, and net income of $193.44M. Its operating margin was 38.8%, and operations generated $183.47M in cash. In fiscal 2025, it reported revenue of $411.33M, up 14.7% from fiscal 2024, and net income of $271.17M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$411.33MFY2025
+14.7% year over year
Last 12 mo $438.32M
39.81%FY2025
−12 percentage points
Last 12 mo 38.82%
$271.17MFY2025
+1059.2% year over year
Last 12 mo $193.44M
23.12%FY2025
+19.7 percentage points
Last 12 mo 17.01%
Cash & financing
$196.93MFY2025
+4.4% year over year
Last 12 mo $183.47M
$195.80MFY2025
+3.9% year over year
Last 12 mo $182.51M
0.22FY2025
Was 0.65× a year earlier
Last 12 mo 0.23
84.8MFY2025
+14.3% year over year
Last 12 mo 74.0M

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: INVA) is a diversified biopharmaceutical company with a respiratory royalty portfolio, a critical care and infectious disease business, and strategic healthcare investments. It receives royalties from GSK sales of RELVAR/BREO ELLIPTA and ANORO ELLIPTA, medicines for respiratory conditions including COPD and asthma. Its wholly owned Innoviva Specialty Therapeutics platform commercializes five products focused on hospital care and infectious diseases: GIAPREZA for distributive shock, XACDURO for certain hospital-acquired and ventilator-associated pneumonias, XERAVA for complicated intra-abdominal infections, ZEVTERA for specified bloodstream, skin and respiratory infections, and NUZOLVENCE for uncomplicated gonorrhea. The company also holds a significant stake in Armata Pharmaceuticals and economic interests in other healthcare companies. Its critical care and infectious disease portfolio was established through the 2022 acquisitions of Entasis Therapeutics and La Jolla Pharmaceutical and expanded through a U.S. license for ZEVTERA. Innoviva’s business therefore combines partnered-product royalties with commercial medicines and healthcare investments. Its website is <URL>.

Company details
Sector
Health Care
Industry (SIC)
Pharmaceutical Preparations
Headquarters
BURLINGAME, CA
Fiscal year end
December
CIK
1080014
SIC
2834

Financial performance, year by year

Fiscal 2011–2025 · USD
$-231.60M$-48.90M$133.81M$316.51M$499.22M201120122013201420152016201720182019202020212022202320242025Last 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
48.4%
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
—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.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Innoviva, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Innoviva, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Innoviva, Inc.'s last four quarterly filings that the numbers alone won't show?”
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