What is INVE Technologies, Inc.'s earnings per share (EPS)?

INVE Technologies, Inc. (INVE) reported diluted earnings per share of -$0.79 for fiscal year 2025. This represents a -125.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

INVE Technologies, Inc. (INVE) Financials

INVE

Trailing 12 months to June 30, 2026

Revenue $24.3M +3.1% YoY

Net Income -$15.3M -120.4% YoY

EPS (Diluted) -$0.66 -121.2% YoY

Free Cash Flow -$9.2M +57.6% YoY

Market Cap $57.0M as of Oct 5, 2026

Price / Sales 2.3x on $24.3M revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book 0.4x on $133.1M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 13, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the INVE SEC filings page.

INVE Technologies, Inc. (INVE) reported $24.3M in revenue over the twelve months to Jun 30, 2026, up 3.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI INVE FY2025 2026-10-04

INVE's reported earnings are dominated by a non-operating 2024 spike, while the underlying business remains loss-making and lightly leveraged.

In FY2024, net income was $74.8M despite an operating loss of $28.0M. Operating cash flow was an outflow of $15.4M while investing cash flow reached $141.5M, then the following year returned to a net loss as investing cash flow reversed direction.

The core economics weakened sharply: revenue fell from $43.4M in FY2023 to $21.5M in FY2025. Gross margin slipped from 13.8% to 6.1%, leaving only $1.3M of gross profit against $13.1M of SG&A, which left operating losses exceeding revenue.

Despite losses, FY2025's current ratio was 15.2x and debt-to-equity was 0.1x, so reported liabilities were small relative to current assets and equity. Total liabilities rose from $9.2M in FY2024 to $10.6M in FY2025, while operating cash flow remained an outflow of $6.7M.

Financial Health Signals

Financial Health Score 37/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of INVE Technologies, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

INVE Technologies, Inc.'s reported operating margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 13/100.

Growth

INVE Technologies, Inc.'s revenue declined 19.3% year-over-year, from $26.6M to $21.5M. This contraction results in a growth score of 2/100.

Leverage

INVE Technologies, Inc. carries a low D/E ratio of 0.08, meaning only $0.08 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 82/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 15.19, INVE Technologies, Inc. holds $15.19 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 99/100.

Cash Flow

INVE Technologies, Inc.'s operations used $6.7M of cash, and capex of $1.1M added to the outflow, for a free cash flow shortfall of $7.8M. This results in a cash flow score of 6/100.

Returns

INVE Technologies, Inc. posts a -12.8% return on equity (ROE), meaning it loses $13 for every $100 of shareholders' equity. This results in a returns score of 22/100. This is down from 48.6% the prior year.

Altman Z-Score Distress

0.62

INVE Technologies, Inc. scores 0.62, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($57.0M) relative to total liabilities ($10.6M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

2/8

INVE Technologies, Inc. passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality No Cash Backing

N/A

INVE Technologies, Inc. reported a net loss of $18.0M while operations used $6.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue

$5.7M

YoY+12.7%

QoQ-23.4%

INVE Technologies, Inc. generated $5.7M in revenue in Q2 2026. This represents an increase of 12.7% from the same quarter a year earlier. Against the prior quarter it is down 23.4%.

EBITDA

-$4.9M

YoY+16.1%

QoQ-35.1%

INVE Technologies, Inc.'s EBITDA was -$4.9M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 16.1% from the same quarter a year earlier. Against the prior quarter it is down 35.1%.

Net Income

-$4.7M

YoY+23.0%

QoQ-34.9%

INVE Technologies, Inc. reported -$4.7M in net income in Q2 2026. This represents an increase of 23.0% from the same quarter a year earlier. Against the prior quarter it is down 34.9%.

EPS (Diluted)

-$0.20

YoY+23.1%

QoQ-33.3%

INVE Technologies, Inc. earned -$0.20 per diluted share (EPS) in Q2 2026. This represents an increase of 23.1% from the same quarter a year earlier. Against the prior quarter it is down 33.3%.

Cash & Balance Sheet

Free Cash Flow

-$5.1M

YoY-32.6%

QoQ-36.3%

INVE Technologies, Inc. recorded an outflow of $5.1M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 32.6% from the same quarter a year earlier. Against the prior quarter it is down 36.3%.

Cash & Debt

$119.4M

YoY-7.7%

QoQ-4.1%

5Y CAGR+26.8%

10Y CAGR+28.9%

INVE Technologies, Inc. held $119.4M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding

24M

YoY+2.2%

QoQ+1.0%

5Y CAGR+1.8%

10Y CAGR+8.3%

INVE Technologies, Inc. had 24M shares outstanding in Q2 2026. This represents an increase of 2.2% from the same quarter a year earlier. Against the prior quarter it is up 1.0%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

16.1%

YoY+25.5pp

QoQ-1.3pp

INVE Technologies, Inc.'s gross margin was 16.1% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 25.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.3 percentage points.

Operating Margin

-97.0%

QoQ-40.3pp

INVE Technologies, Inc.'s operating margin was -97.0% in Q2 2026, reflecting core business profitability. Against the prior quarter it is down 40.3 percentage points. No change is given against Q2 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

-81.9%

QoQ-35.4pp

INVE Technologies, Inc.'s net profit margin was -81.9% in Q2 2026, showing the share of revenue converted to profit. Against the prior quarter it is down 35.4 percentage points. No change is given against Q2 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Return on Equity

-3.5%

YoY+0.6pp

QoQ-1.0pp

INVE Technologies, Inc.'s ROE was -3.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.0 percentage points.

Capital Allocation

R&D Spending

$950K

YoY+6.7%

QoQ-5.1%

INVE Technologies, Inc. invested $950K in research and development in Q2 2026. This represents an increase of 6.7% from the same quarter a year earlier. Against the prior quarter it is down 5.1%.

Capital Expenditures

$707K

YoY+180.6%

QoQ-19.8%

5Y CAGR+5.5%

10Y CAGR+22.0%

INVE Technologies, Inc. invested $707K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 180.6% from the same quarter a year earlier. Against the prior quarter it is down 19.8%.

Share Buybacks

Not reported for Q2 2026.

INVE Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

INVE quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$24.3M	$21.5M-19.3%	$26.6M-38.7%	$43.4M-61.5%	$112.9M+8.8%	$103.8M+19.4%	$86.9M+3.8%	$83.8M+7.2%	$78.1M+29.8%	$60.2M+7.2%	$56.2M-7.6%	$60.8M-25.2%	$81.2M+9.4%	$74.3M+2.7%	$72.4M-6.8%	$77.6M
Cost of Revenue	$20.4M	$20.2M-23.2%	$26.3M-29.8%	$37.4M-48.0%	$72.0M+7.9%	$66.7M+25.3%	$53.2M+13.0%	$47.1M+5.1%	$44.8M+17.7%	$38.1M+17.3%	$32.4M-13.8%	$37.6M-21.2%	$47.8M+16.9%	$40.9M+1.3%	$40.4M-4.7%	$42.4M
Gross Profit	$3.9M	$1.3M+284.4%	$340K-94.3%	$6.0M-85.3%	$40.9M+10.5%	$37.1M+10.1%	$33.7M-8.1%	$36.7M+10.0%	$33.3M+50.4%	$22.2M-6.6%	$23.7M+2.5%	$23.1M-30.8%	$33.5M+0.2%	$33.4M+4.4%	$32.0M-9.3%	$35.3M
R&D Expenses	$3.6M	$3.3M-15.7%	$3.9M-11.6%	$4.4M-55.6%	$9.9M+14.3%	$8.7M-11.3%	$9.8M+13.5%	$8.6M+19.1%	$7.2M+17.7%	$6.1M-5.7%	$6.5M-28.8%	$9.2M+32.6%	$6.9M+10.0%	$6.3M-9.9%	$7.0M+18.0%	$5.9M
SG&A Expenses	$14.1M	$13.1M-28.0%	$18.1M+94.5%	$9.3M-10.5%	$10.4M-12.3%	$11.9M+37.9%	$8.6M-8.7%	$9.4M-12.7%	$10.8M+49.5%	$7.2M-36.0%	$11.3M-42.3%	$19.6M+53.7%	$12.8M-9.9%	$14.1M-4.9%	$14.9M-22.2%	$19.1M
Operating Income	-$20.0M	-$22.1M+20.8%	-$28.0M-107.0%	-$13.5M-3955.6%	-$333K+75.3%	-$1.3M+60.9%	-$3.4M-3063.3%	-$109K+94.2%	-$1.9M+59.7%	-$4.6M+58.7%	-$11.2M+68.7%	-$35.9M-167.0%	-$13.4M+42.7%	-$23.5M+31.5%	-$34.3M-292.0%	-$8.7M
EBITDA	N/A	-$20.1M+19.8%	-$25.1M-132.9%	-$10.8M-655.6%	$1.9M+210.7%	$624K+562.2%	-$135K-103.9%	$3.5M+166.8%	$1.3M+169.3%	-$1.9M+76.7%	-$8.1M+75.4%	-$32.7M-214.0%	-$10.4M+46.5%	-$19.5M+32.1%	-$28.7M-808.0%	-$3.2M
Interest Expense	N/A	N/A	N/A	$427K+198.6%	$143K-70.4%	$483K-67.0%	$1.5M+59.4%	$917K-39.6%	$1.5M-41.4%	$2.6M+8.9%	$2.4M+24.6%	$1.9M-47.3%	$3.6M+66.9%	$2.2M+301.4%	-$1.1M-14.7%	-$939K
Income Tax	-$359K	-$268K-397.8%	$90K+38.5%	$65K-35.6%	$101K+260.7%	$28K-61.6%	$73K-77.6%	$326K+110.3%	$155K+172.4%	-$214K-262.1%	$132K-40.5%	$222K+133.7%	$95K+102.1%	$47K+100.8%	-$5.8M-282.1%	-$1.5M
Net Income	-$15.3M	-$18.0M-124.1%	$74.8M+1463.1%	-$5.5M	N/A	N/A	-$5.1M-343.5%	-$1.2M+75.6%	-$4.7M+42.1%	-$8.1M+40.6%	-$13.7M+65.0%	-$39.1M-120.0%	-$17.8M+49.0%	-$34.9M+30.7%	-$50.3M-416.1%	-$9.8M
EPS (Basic)	N/A	-$0.79-125.2%	$3.14+1182.8%	-$0.29-314.3%	-$0.07-450.0%	$0.02+105.9%	-$0.34-161.5%	-$0.13+62.9%	-$0.35+42.6%	-$0.61	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	-$0.66	-$0.79-125.2%	$3.14+1182.8%	-$0.29-314.3%	-$0.07-450.0%	$0.02+105.9%	-$0.34	-$0.13	-$0.35+42.6%	-$0.61	N/A	N/A	N/A	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	24M+0.9%	24M+2.2%	23M+1.8%	23M+1.8%	22M+23.9%	18M	17M	16M	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$5.7M+12.7%	$7.4M+40.7%	$6.2M-7.9%	$5.0M-23.3%	$5.0M-25.2%	$5.3M-20.9%	$6.7M	$6.5M-44.3%
Cost of Revenue	$4.8M-13.6%	$6.1M+19.2%	$5.1M-34.3%	$4.5M-28.9%	$5.5M-10.0%	$5.1M-16.8%	$7.7M	$6.3M-39.6%
Gross Profit	$916K+293.2%	$1.3M+878.0%	$1.1M+212.1%	$534K+124.4%	-$474K-177.2%	$132K-72.7%	-$995K	$238K-82.0%
R&D Expenses	$950K+6.7%	$1.0M+27.2%	$773K-16.2%	$828K-24.9%	$890K-7.9%	$787K-12.3%	$922K	$1.1M+8.1%
SG&A Expenses	$4.1M+35.0%	$3.1M-0.7%	$3.3M+8.2%	$3.5M-50.0%	$3.1M-32.7%	$3.1M-9.6%	$3.1M	$7.0M+217.5%
Operating Income	-$5.5M+13.7%	-$4.2M+23.1%	-$4.7M+28.9%	-$5.6M+41.6%	-$6.4M+5.0%	-$5.5M-8.0%	-$6.6M	-$9.6M-187.8%
EBITDA	-$4.9M+16.1%	-$3.7M+26.4%	-$4.2M+22.2%	-$5.0M+44.7%	-$5.9M+6.3%	-$5.0M-16.3%	-$5.4M	-$9.1M-243.0%
Income Tax	$12K-88.6%	$5K+66.7%	$471K+273.8%	-$847K-335.3%	$105K+2200.0%	$3K-50.0%	-$271K	$360K+2669.2%
Net Income	-$4.7M+23.0%	-$3.4M+28.0%	-$3.7M-948.2%	-$3.5M-104.0%	-$6.0M+2.8%	-$4.8M-5.1%	-$355K	$85.9M+390777.3%
EPS (Basic)	-$0.20+23.1%	-$0.15+28.6%	-$0.16-433.3%	-$0.15-104.1%	-$0.26+3.7%	-$0.210.0%	-$0.03+62.5%	$3.62+36300.0%
EPS (Diluted)	-$0.20+23.1%	-$0.15+28.6%	-$0.16	-$0.15-104.1%	-$0.26+3.7%	-$0.210.0%	-$0.03+62.5%	$3.62
Diluted Shares (Avg)	24M+1.9%	24M+1.9%	N/A	24M+0.8%	24M+1.3%	24M+1.0%	N/A	24M

Not reported in any period shown, so not listed: Interest Expense.

INVE Balance Sheet

INVE quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$151.3M-7.3%	$163.2M+48.8%	$109.7M+6.8%	$102.8M+6.3%	$96.7M+22.9%	$78.7M+5.9%	$74.3M+12.1%	$66.3M+29.1%	$51.4M+26.5%	$40.6M-24.0%	$53.4M-37.8%	$85.9M+46.2%	$58.8M-44.0%	$104.9M-27.5%	$144.8M
Current Assets	$142.7M-6.7%	$152.8M+92.3%	$79.5M+5.8%	$75.1M+3.3%	$72.7M+36.1%	$53.4M+15.7%	$46.2M+9.5%	$42.2M-4.6%	$44.2M+39.8%	$31.7M-22.5%	$40.8M-33.7%	$61.6M+87.7%	$32.8M-11.7%	$37.2M-12.5%	$42.5M
Cash & Equivalents	$128.6M-5.2%	$135.6M+481.9%	$23.3M+40.0%	$16.6M-41.7%	$28.6M+150.3%	$11.4M+21.6%	$9.4M-13.6%	$10.9M-43.0%	$19.1M+109.0%	$9.1M-45.3%	$16.7M-54.4%	$36.5M+617.3%	$5.1M-16.6%	$6.1M-62.3%	$16.2M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$7.4M-0.7%	$7.5M-40.9%	$12.6M-56.3%	$29.0M+45.3%	$19.9M-1.8%	$20.3M+25.7%	$16.1M+18.4%	$13.6M+22.5%	$11.1M-4.1%	$11.6M-21.3%	$14.7M+59.1%	$9.3M+2.9%	$9.0M+18.2%	$7.6M-17.9%	$9.3M
Accounts Receivable	$4.1M-3.4%	$4.2M-41.3%	$7.2M-71.1%	$24.8M+24.4%	$20.0M+5.5%	$18.9M+3.1%	$18.4M+22.8%	$15.0M+21.7%	$12.3M+30.2%	$9.4M+19.1%	$7.9M-41.9%	$13.6M+2.4%	$13.3M-4.0%	$13.8M+1.9%	$13.6M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	$10.2M+0.3%	$10.2M-0.8%	$10.3M0.0%	$10.3M+0.3%	$10.2M+10.3%	$9.3M+57.9%	$5.9M	N/A	N/A	$8.9M-1.5%	$9.0M-80.1%	$45.3M-23.3%	$59.0M
Total Liabilities	$10.6M+16.2%	$9.2M-74.2%	$35.5M+29.5%	$27.4M+23.6%	$22.2M-50.2%	$44.5M+14.5%	$38.9M+19.2%	$32.6M+18.5%	$27.5M-25.0%	$36.7M-6.6%	$39.3M-1.2%	$39.7M+16.9%	$34.0M-38.5%	$55.3M+15.7%	$47.8M
Current Liabilities	$9.4M+18.0%	$8.0M-74.1%	$30.8M+31.6%	$23.4M+12.2%	$20.8M-49.9%	$41.6M+20.6%	$34.5M+17.0%	$29.5M+40.3%	$21.0M-6.9%	$22.6M+39.2%	$16.2M-17.4%	$19.6M-19.5%	$24.4M-34.7%	$37.3M+44.9%	$25.8M
Non-Current Liabilities	$1.2M+3.9%	$1.2M-74.4%	$4.7M+17.4%	$4.0M+205.3%	$1.3M-55.3%	$2.9M-33.4%	$4.4M+39.9%	$3.1M-51.8%	$6.5M-53.9%	$14.1M-38.8%	$23.0M+14.6%	$20.1M+108.7%	$9.6M-46.5%	$18.0M-18.4%	$22.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.0M-24.8%	$4.0M-18.3%	$4.9M-12.0%	$5.5M+81.7%	$3.1M-50.5%	$6.2M+418.7%	$1.2M
Total Equity	$140.7M-8.7%	$154.1M+107.4%	$74.3M-1.5%	$75.4M+1.2%	$74.5M+117.9%	$34.2M-3.6%	$35.5M+4.7%	$33.9M+40.9%	$24.0M+484.3%	$4.1M-71.3%	$14.3M-70.0%	$47.9M+80.7%	$26.5M-47.5%	$50.5M-47.0%	$95.1M
Retained Earnings	-$358.1M-5.3%	-$340.1M+18.0%	-$414.9M-1.3%	-$409.4M-0.1%	-$409.0M+0.4%	-$410.6M-1.3%	-$405.5M-0.3%	-$404.4M-1.2%	-$399.6M-2.1%	-$391.5M-3.6%	-$377.8M-11.6%	-$338.7M-5.5%	-$320.9M-12.2%	-$286.0M-21.4%	-$235.7M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$140.7M-8.6%	$147.6M-7.0%	$151.3M-7.3%	$151.0M-14.7%	$153.9M+57.4%	$158.7M+55.9%	$163.2M+48.8%	$177.0M+58.8%
Current Assets	$132.3M-8.2%	$138.9M-6.6%	$142.7M-6.7%	$142.1M-14.4%	$144.1M+107.7%	$148.7M+104.1%	$152.8M+92.3%	$166.0M+103.7%
Cash & Equivalents	$119.4M-7.7%	$124.5M-5.9%	$128.6M-5.2%	$126.3M-13.1%	$129.3M+601.6%	$132.4M+512.2%	$135.6M+481.9%	$145.4M+638.8%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$8.5M+38.6%	$8.9M+14.9%	$7.4M-0.7%	$5.9M-44.8%	$6.1M-45.6%	$7.8M-72.7%	$7.5M-40.9%	$10.7M-63.6%
Accounts Receivable	$2.4M-29.9%	$3.2M-11.3%	$4.1M-3.4%	$4.4M-9.2%	$3.5M-6.7%	$3.6M-79.7%	$4.2M-41.3%	$4.8M-81.3%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$7.6M+1.9%	$10.5M+27.3%	$10.6M+16.2%	$7.4M-63.7%	$7.5M-77.2%	$8.2M-74.0%	$9.2M-74.2%	$20.3M-44.6%
Current Liabilities	$6.5M-2.1%	$9.3M+28.9%	$9.4M+18.0%	$6.7M-64.5%	$6.6M-76.5%	$7.3M-73.5%	$8.0M-74.1%	$19.0M-40.0%
Non-Current Liabilities	$1.1M+34.1%	$1.1M+15.4%	$1.2M+3.9%	$616K-51.8%	$819K-81.7%	$986K-77.2%	$1.2M-74.4%	$1.3M-74.3%
Total Equity	$133.1M-9.1%	$137.2M-8.9%	$140.7M-8.7%	$143.7M-8.3%	$146.4M+125.1%	$150.5M+114.5%	$154.1M+107.4%	$156.7M+109.5%
Retained Earnings	-$366.2M-4.4%	-$361.5M-4.8%	-$358.1M-5.3%	-$354.3M-4.3%	-$350.9M+17.6%	-$344.8M+17.8%	-$340.1M+18.0%	-$339.7M+17.8%

Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.

INVE Cash Flow Statement

INVE quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	-$7.0M	-$6.7M+56.6%	-$15.4M-1433.9%	$1.2M+114.8%	-$7.8M-735.7%	$1.2M+169.5%	-$1.8M-513.6%	$427K+108.2%	-$5.2M+32.6%	-$7.7M-24.0%	-$6.2M+73.0%	-$23.0M-96.1%	-$11.7M-383.2%	-$2.4M+81.1%	-$12.9M-164.3%	-$4.9M
Depreciation & Amortization	N/A	$2.0M-29.4%	$2.9M+5.1%	$2.7M+20.2%	$2.3M+15.3%	$2.0M-40.5%	$3.3M-7.5%	$3.6M+13.1%	$3.2M+15.1%	$2.8M-13.2%	$3.2M+0.7%	$3.1M+4.4%	$3.0M-24.3%	$4.0M-28.4%	$5.6M-0.3%	$5.6M
Stock-Based Compensation	N/A	$3.2M-63.3%	$8.7M+119.8%	$4.0M	N/A	$2.6M-13.9%	$3.0M+14.2%	$2.6M+0.2%	$2.6M+6.7%	$2.5M-12.7%	$2.8M-39.1%	$4.7M+115.8%	$2.2M+47.6%	$1.5M+21.3%	$1.2M-1.5%	$1.2M
Capital Expenditures	$2.1M	$1.1M-25.8%	$1.5M-65.1%	$4.3M+9.8%	$3.9M+87.0%	$2.1M+33.4%	$1.6M+441.2%	$289K-78.5%	$1.3M+39.2%	$967K+76.1%	$549K+61.0%	$341K-74.0%	$1.3M-36.8%	$2.1M-36.0%	$3.2M+87.6%	$1.7M
Free Cash Flow	-$9.2M	-$7.8M+53.9%	-$16.9M-441.3%	-$3.1M+73.3%	-$11.7M-1263.1%	-$859K+74.2%	-$3.3M-2513.0%	$138K+102.1%	-$6.5M+24.6%	-$8.7M-28.3%	-$6.8M+71.0%	-$23.3M-79.0%	-$13.0M-189.7%	-$4.5M+72.0%	-$16.1M-144.2%	-$6.6M
Investing Cash Flow	-$1.8M	-$810K-100.6%	$141.5M+3507.8%	-$4.2M-7.2%	-$3.9M-162.3%	-$1.5M+5.6%	-$1.6M-5.4%	-$1.5M+56.0%	-$3.4M-248.8%	-$967K-76.1%	-$549K-61.0%	-$341K-506.0%	$84K+101.9%	-$4.4M-63.5%	-$2.7M+61.2%	-$6.9M
Financing Cash Flow	-$518K	-$431K+96.8%	-$13.6M-235.4%	$10.1M+1069.5%	-$1.0M-105.4%	$19.3M+298.5%	$4.9M+2237.9%	-$227K-128.1%	$808K-95.5%	$18.0M+8224.9%	-$221K-110.4%	$2.1M-94.9%	$41.9M+635.0%	$5.7M+2.9%	$5.5M-69.0%	$17.9M
Share Buybacks	N/A	N/A	$1.9M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$221K-88.5%	$1.9M+6.7%	$1.8M	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	-$4.4M-22.2%	-$2.8M+13.6%	$3.0M+151.1%	-$2.9M+60.1%	-$3.6M-259.3%	-$3.3M-152.1%	-$5.9M-224.1%	-$7.2M-2141.0%
Depreciation & Amortization	$564K+15.1%	$541K+10.2%	$514K-25.9%	$532K+24.9%	$490K+14.2%	$491K-37.5%	$694K-5.2%	$426K-35.3%
Stock-Based Compensation	N/A	$620K-22.1%	N/A	N/A	N/A	$796K-21.9%	N/A	$200K
Capital Expenditures	$707K+180.6%	$882K+193.0%	$203K-67.3%	$352K-30.4%	$252K+86.7%	$301K+29.7%	$620K-45.9%	$506K-28.8%
Free Cash Flow	-$5.1M-32.6%	-$3.7M-3.8%	$2.8M+143.1%	-$3.2M+58.1%	-$3.8M-238.7%	-$3.6M-133.6%	-$6.5M-280.4%	-$7.7M-647.5%
Investing Cash Flow	-$707K-180.6%	-$882K-193.0%	-$203K+80.3%	-$54K-100.0%	-$252K-86.7%	-$301K-29.7%	-$1.0M+10.2%	$142.9M+24778.4%
Financing Cash Flow	-$91K+50.8%	-$350K-107.1%	-$33K+98.3%	-$44K+99.5%	-$185K+91.9%	-$169K+52.8%	-$1.9M-397.9%	-$9.1M-5706.4%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

INVE Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

INVE quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	6.1%+4.8pp	1.3%-12.6pp	13.8%-22.4pp	36.3%+0.5pp	35.7%-3.0pp	38.8%-5.0pp	43.8%+1.1pp	42.7%+5.9pp	36.8%-5.4pp	42.3%+4.2pp	38.1%-3.1pp	41.2%-3.8pp	45.0%+0.7pp	44.2%-1.2pp	45.4%
Operating Margin	-103.1%	-105.0%	-31.1%-30.8pp	-0.3%+1.0pp	-1.3%+2.7pp	-4.0%-3.8pp	-0.1%+2.3pp	-2.4%+5.3pp	-7.7%+12.3pp	-20.0%+39.0pp	-59.0%-42.5pp	-16.5%+15.0pp	-31.6%+15.8pp	-47.3%-36.1pp	-11.3%
Net Margin	-83.8%	281.0%	-12.6%	N/A	N/A	-5.9%-4.5pp	-1.4%+4.7pp	-6.0%+7.5pp	-13.5%+10.9pp	-24.4%+40.0pp	-64.4%-42.5pp	-21.9%+25.0pp	-46.9%+22.6pp	-69.6%-57.0pp	-12.6%
Return on Equity	-12.8%-61.4pp	48.6%+56.0pp	-7.4%	N/A	N/A	-14.9%-11.7pp	-3.3%+10.7pp	-13.9%+20.0pp	-33.9%+299.1pp	-333.0%-60.1pp	-272.9%-235.7pp	-37.2%+94.4pp	-131.6%-31.9pp	-99.8%-89.5pp	-10.3%
Return on Assets	-11.9%-57.7pp	45.8%+50.8pp	-5.0%	N/A	N/A	-6.5%-4.9pp	-1.6%+5.5pp	-7.1%+8.7pp	-15.8%+17.9pp	-33.7%+39.5pp	-73.2%-52.5pp	-20.7%+38.6pp	-59.3%-11.4pp	-48.0%-41.2pp	-6.7%
Current Ratio	15.19-4.0x	19.20+16.6x	2.58-0.6x	3.21-0.3x	3.49+2.2x	1.29-0.1x	1.34-0.1x	1.43-0.7x	2.11+0.7x	1.40-1.1x	2.52-0.6x	3.14+1.8x	1.35+0.4x	1.00-0.7x	1.65
Debt-to-Equity	0.080.0x	0.06-0.4x	0.48+0.1x	0.36+0.1x	0.30-1.0x	1.30+0.2x	1.10+0.1x	0.96+0.8x	0.12-0.8x	0.97+0.6x	0.34+0.2x	0.120.0x	0.120.0x	0.12+0.1x	0.01
Asset Turnover	0.140.0x	0.16-0.2x	0.40-0.7x	1.100.0x	1.070.0x	1.100.0x	1.13-0.1x	1.180.0x	1.17-0.2x	1.38+0.2x	1.14+0.2x	0.95-0.3x	1.26+0.6x	0.69+0.2x	0.54
FCF Margin	-36.4%+27.2pp	-63.6%-56.4pp	-7.2%+3.2pp	-10.4%-9.5pp	-0.8%+3.0pp	-3.8%-4.0pp	0.2%+8.5pp	-8.4%+6.0pp	-14.4%-2.4pp	-12.0%+26.4pp	-38.4%-22.4pp	-16.1%-10.0pp	-6.1%+16.2pp	-22.3%-13.8pp	-8.5%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	16.1%+25.5pp	17.4%+14.9pp	18.1%+32.9pp	10.7%+7.0pp	-9.4%-18.5pp	2.5%-4.7pp	-14.9%	3.6%-7.6pp
Operating Margin	-97.0%	-56.7%	-76.4%+22.5pp	-111.4%	-126.7%	-103.8%	-98.9%	-146.3%
Net Margin	-81.9%	-46.5%+44.4pp	-60.4%-55.0pp	-68.9%	-119.9%	-90.9%-22.4pp	-5.3%	1315.8%
Return on Equity	-3.5%+0.6pp	-2.5%+0.7pp	-2.6%-2.4pp	-2.4%-57.2pp	-4.1%+5.4pp	-3.2%+3.3pp	-0.2%	54.8%+54.9pp
Return on Assets	-3.3%+0.6pp	-2.3%+0.7pp	-2.5%-2.2pp	-2.3%-50.8pp	-3.9%+2.4pp	-3.0%+1.5pp	-0.2%	48.5%+48.6pp
Current Ratio	20.35-1.3x	14.87-5.6x	15.19-4.0x	21.08+12.3x	21.70+19.2x	20.51+17.8x	19.20+16.6x	8.73+6.2x
Debt-to-Equity	0.060.0x	0.080.0x	0.080.0x	0.05-0.1x	0.05-0.5x	0.05-0.4x	0.06-0.4x	0.13-0.4x
Asset Turnover	0.040.0x	0.050.0x	0.040.0x	0.030.0x	0.030.0x	0.030.0x	0.04	0.04-0.1x
FCF Margin	-89.2%-13.4pp	-50.1%+17.8pp	45.8%+143.5pp	-64.5%	-75.8%-59.1pp	-68.0%-44.9pp	-97.7%	-118.2%

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
INVE Technologies, Inc. INVE	FY2025	$21.5M	-$18.0M	-83.8%	$57.0M	37/100
Alpha Pro Tech, Ltd. APT	FY2025	$59.1M	$3.5M	5.9%	$58.7M	60/100
Perma-Pipe International Holdings, Inc. PPIH	FY2026	$210.9M	$17.0M	8.1%	$262.4M	69/100
AirJoule Technologies Corporation AIRJ	FY2025	N/A	-$9.0M	N/A	$277.3M	—
Caesarstone Ltd. CSTE	FY2025	$397.2M	-$137.5M	-34.6%	$100.6M	24/100
SCANTECH AI SYSTEMS INC STAI	FY2024	$542K	N/A	N/A	$3.4M	—

Where INVE Technologies, Inc. Ranks

Frequently Asked Questions

What is INVE Technologies, Inc.'s annual revenue?

INVE Technologies, Inc. (INVE) reported $21.5M in total revenue for fiscal year 2025. This represents a -19.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is INVE Technologies, Inc.'s revenue growing?

INVE Technologies, Inc. (INVE) revenue declined by 19.3% year-over-year, from $26.6M to $21.5M in fiscal year 2025.

Is INVE Technologies, Inc. profitable?

No, INVE Technologies, Inc. (INVE) reported a net income of -$18.0M in fiscal year 2025, with a net profit margin of -83.8%.

What is INVE Technologies, Inc.'s EBITDA?

INVE Technologies, Inc. (INVE) had EBITDA of -$20.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is INVE Technologies, Inc.'s gross margin?

INVE Technologies, Inc. (INVE) had a gross margin of 6.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is INVE Technologies, Inc.'s net profit margin?

INVE Technologies, Inc. (INVE) had a net profit margin of -83.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is INVE Technologies, Inc.'s return on equity (ROE)?

INVE Technologies, Inc. (INVE) has a return on equity of -12.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is INVE Technologies, Inc.'s free cash flow?

INVE Technologies, Inc. (INVE) recorded an outflow of $7.8M in free cash flow during fiscal year 2025. This represents a 53.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is INVE Technologies, Inc.'s operating cash flow?

INVE Technologies, Inc. (INVE) recorded an outflow of $6.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are INVE Technologies, Inc.'s total assets?

INVE Technologies, Inc. (INVE) had $151.3M in total assets as of fiscal year 2025, including both current and long-term assets.

What are INVE Technologies, Inc.'s capital expenditures?

INVE Technologies, Inc. (INVE) invested $1.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does INVE Technologies, Inc. spend on research and development?

INVE Technologies, Inc. (INVE) invested $3.3M in research and development during fiscal year 2025.

How many shares does INVE Technologies, Inc. have outstanding?

INVE Technologies, Inc. (INVE) had 24M shares outstanding as of fiscal year 2025.

What is INVE Technologies, Inc.'s current ratio?

INVE Technologies, Inc. (INVE) had a current ratio of 15.19 as of fiscal year 2025, which is generally considered healthy.

What is INVE Technologies, Inc.'s debt-to-equity ratio?

INVE Technologies, Inc. (INVE) had a debt-to-equity ratio of 0.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is INVE Technologies, Inc.'s return on assets (ROA)?

INVE Technologies, Inc. (INVE) had a return on assets of -11.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is INVE Technologies, Inc.'s P/E ratio?

INVE Technologies, Inc. (INVE) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $57.0M as of Oct 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is INVE Technologies, Inc.'s price-to-sales ratio?

INVE Technologies, Inc. (INVE) trades at 2.3x sales, its market capitalization divided by revenue of $24.3M revenue, trailing 12 months to June 30, 2026. The market capitalization is $57.0M as of Oct 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is INVE Technologies, Inc.'s Altman Z-Score?

INVE Technologies, Inc. (INVE) has an Altman Z-Score of 0.62, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is INVE Technologies, Inc.'s Piotroski F-Score?

INVE Technologies, Inc. (INVE) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are INVE Technologies, Inc.'s earnings high quality?

INVE Technologies, Inc. (INVE) reported a net loss of $18.0M while operations used $6.7M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is INVE Technologies, Inc.?

INVE Technologies, Inc. (INVE) scores 37 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.