Feed / INVA

Innoviva, Inc.

INVA

Healthcare · 20.59 -2.6% today

Isolated · not yet confirmedMarket checked 11 Sept, 14:05 GMT-4

Market read

Innoviva, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.

Company-2.6% todayVolume comparison unavailable
Market group0 of 1 activeBacterial Infection Treatments · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • INVA's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if INVA's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Healthcare · Biotechnology

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • INVA's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations319
Usable filing statements102
Verified relationships8
Evidence supporting the case
  • Latest annual revenue changed +14.7% year over year.
Evidence challenging the case
  • Operating margin changed -6.7 percentage points in the latest annual period.
  • Diluted shares increased 14.3% in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 4 filings.
  • Product pipeline and R&D has repeated adverse evidence across 4 filings.
Questions before a position
  • EV/sales is 68% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

20.62
6m-10.2%12m+3.9%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$391.9M+16.4%$2.87-16.9%
2022-12-31$331.3M-15.4%$2.37+1.0%
2023-12-31$310.5M-6.3%$2.20-8.8%
2024-12-31$358.7M+15.5%$0.36-14.6%
2025-12-31$411.3M+14.7%$3.30+14.3%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 4 filings
The increase for the three months ended March 31, 2026, compared to the same period in 2025, was mainly due to higher interest expense on our deferred royalty obligation as a result of higher sales performance of GIAPREZA ® .
10-Q · May 6, 2026
Product pipeline and R&Dnegative · 4 filings
Our effective tax rate for the three months ended March 31, 2026 was lower than the U.S.
10-Q · May 6, 2026
Legal and regulatory exposuremixed · 3 filings
025 2024 2023 $ % $ % Selling, general and administrative $ 113,318 $ 115,690 $ 98,232 $ (2,372 ) (2 )% $ 17,458 18 % Our selling, general and administrative expenses are primarily attributable to efforts to promote our marketed critical care products and dri…
10-K · Feb 25, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 4.2× · EV/sales 3.5×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

20.59-2.6% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 14:05 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for INVA. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for INVA. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind INVA

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

ARMPFiling-linked nameinvesteeMay 6, 2026

In addition, we own other strategic healthcare assets, such as a significant stake in Armata Pharmaceuticals, Inc.

EGEverest Group, Ltd.supplierNov 5, 2025

La Jolla also entered into the Everest commercial supply agreement (the “Everest Supply Agreement”) whereby La Jolla will supply Everest a minimum quantity of XERAVA ® and will transfer to Everest certain XERAVA ® -related manufacturing know-how.

Depended on by

ZLABZai Lab LimitedinvesteeFeb 26, 2026

We have an exclusive license from Entasis (now a wholly owned subsidiary of Innoviva) to develop and commercialize SUL-DUR in Asia Pacific.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 11 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

INVA is currently a Leader in the organic co-movement group Bacterial Infection Treatments. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for INVA; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.