| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Total revenue | 97,994 | 114,613 | 107,800 | 100,283 |
| Cost of products sold (inclusive of amortization of inventory fair value adjustments, excluding amortization of intangible assets) | 15,607 | 32,309* | 25,643 | 10,590 |
| Cost of license revenue-License | NaN | 0* | NaN | NaN |
| Amortization of acquired intangible assets | 6,554 | 6,637 | 6,618 | 6,547 |
| Gross profit | 75,833 | 75,667 | 75,539 | 83,146 |
| Selling, general and administrative | 32,438 | 32,124 | 27,291 | 26,412 |
| Research and development | 5,241 | 4,555 | 13,670 | 7,983 |
| Total operating expenses | 37,679 | 36,679 | 40,961 | 34,395 |
| Income from operations | 38,154 | 38,988 | 34,578 | 48,751 |
| Changes in fair values of equity method investments, net | 157,650 | 111,149 | 30,751 | 13,082 |
| Changes in fair values of equity and long-term investments, net | 33,575 | 42,669 | 31,510 | 11,280 |
| Interest and dividend income | 10,987 | 6,151 | 5,472 | 4,925 |
| Interest expense | 5,437 | 3,309 | 4,015 | 4,663 |
| Other expense, net | -366 | -612 | -479 | -777 |
| Income (loss) before income taxes | 234,563 | 195,036 | 97,817 | 72,598 |
| Income tax expense, net | 47,968 | 30,883 | 7,909 | 8,910 |
| Net income (loss) and comprehensive income (loss) | 186,595 | 164,153 | 89,908 | 63,688 |
| Basic EPS | 2.52 | 2.19 | 1.3 | 1.01 |
| Diluted EPS | 2.22 | 1.535 | 1.08 | 0.77 |
| Basic Average Shares | 74,160,000 | 74,948,000 | 69,058,000 | 62,865,000 |
| Diluted Average Shares | 84,849,000 | 106,915,000 | 84,964,000 | 84,452,000 |
Innoviva, Inc. (INVA)
Innoviva, Inc. (INVA)