Identiv Financials
This page shows Identiv (INVE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Identiv has an operating margin of -103.1%, meaning the company retains $-103 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -105.0% the prior year.
Identiv's revenue declined 19.3% year-over-year, from $26.6M to $21.5M. This contraction results in a growth score of 1/100.
Identiv 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 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 15.19, Identiv holds $15.19 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Identiv generated -$6.7M in operating cash flow, capex of $1.1M consumed most of it, leaving -$7.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Identiv generates a -12.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 48.6% the prior year.
Identiv passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Identiv generates $0.37 in operating cash flow (-$6.7M OCF vs -$18.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Identiv generated $21.5M in revenue in fiscal year 2025. This represents a decrease of 19.3% from the prior year.
Identiv's EBITDA was -$20.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 19.8% from the prior year.
Identiv reported -$18.0M in net income in fiscal year 2025. This represents a decrease of 124.1% from the prior year.
Identiv earned $-0.79 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 125.2% from the prior year.
Cash & Balance Sheet
Identiv generated -$7.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 53.9% from the prior year.
Identiv held $128.6M in cash against $0 in long-term debt as of fiscal year 2025.
Identiv had 24M shares outstanding in fiscal year 2025. This represents an increase of 2.2% from the prior year.
Margins & Returns
Identiv's gross margin was 6.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 4.8 percentage points from the prior year.
Identiv's operating margin was -103.1% in fiscal year 2025, reflecting core business profitability. This is up 1.9 percentage points from the prior year.
Identiv's net profit margin was -83.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 364.8 percentage points from the prior year.
Identiv's ROE was -12.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 61.4 percentage points from the prior year.
Capital Allocation
Identiv invested $3.3M in research and development in fiscal year 2025. This represents a decrease of 15.7% from the prior year.
Identiv spent $1.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 0.0% from the prior year.
Identiv invested $1.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 25.8% from the prior year.
INVE Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.0M-0.6% | $5.0M-4.3% | $5.3M-21.3% | $6.7M+2.5% | $6.5M-3.1% | $6.7M+1.2% | $6.7M | N/A |
| Cost of Revenue | $4.5M-18.8% | $5.5M+7.3% | $5.1M-33.2% | $7.7M+22.2% | $6.3M+2.7% | $6.1M-0.8% | $6.2M | N/A |
| Gross Profit | $534K+212.7% | -$474K-459.1% | $132K+113.3% | -$995K-518.1% | $238K-61.2% | $614K+27.1% | $483K | N/A |
| R&D Expenses | $828K-7.0% | $890K+13.1% | $787K-14.6% | $922K-16.3% | $1.1M+14.1% | $966K+7.7% | $897K | N/A |
| SG&A Expenses | $3.5M+15.0% | $3.1M-2.8% | $3.1M+1.6% | $3.1M-56.0% | $7.0M+54.9% | $4.5M+30.5% | $3.5M | N/A |
| Operating Income | -$5.6M+12.6% | -$6.4M-16.8% | -$5.5M+17.5% | -$6.6M+30.7% | -$9.6M-42.2% | -$6.7M-32.7% | -$5.1M | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | -$847K-906.7% | $105K+3400.0% | $3K+101.1% | -$271K-175.3% | $360K+7300.0% | -$5K-183.3% | $6K | N/A |
| Net Income | -$3.5M+42.9% | -$6.0M-26.2% | -$4.8M-1249.0% | -$355K-100.4% | $85.9M+1482.7% | -$6.2M-36.4% | -$4.6M | N/A |
| EPS (Diluted) | $-0.15+42.3% | $-0.26-23.8% | $-0.21 | N/A | $3.62+1440.7% | $-0.27-28.6% | $-0.21 | N/A |
INVE Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $151.0M-1.9% | $153.9M-3.1% | $158.7M-2.8% | $163.2M-7.8% | $177.0M+81.1% | $97.8M-4.0% | $101.8M-7.2% | $109.7M |
| Current Assets | $142.1M-1.4% | $144.1M-3.1% | $148.7M-2.7% | $152.8M-7.9% | $166.0M+139.3% | $69.4M-4.8% | $72.9M-8.3% | $79.5M |
| Cash & Equivalents | $126.3M-2.4% | $129.3M-2.3% | $132.4M-2.4% | $135.6M-6.7% | $145.4M+688.5% | $18.4M-14.7% | $21.6M-7.2% | $23.3M |
| Inventory | $5.9M-3.7% | $6.1M-21.0% | $7.8M+3.8% | $7.5M-30.2% | $10.7M-4.9% | $11.3M-60.4% | $28.5M+125.0% | $12.6M |
| Accounts Receivable | $4.4M+27.0% | $3.5M-4.3% | $3.6M-14.0% | $4.2M-13.1% | $4.8M+30.5% | $3.7M-79.1% | $17.8M+148.3% | $7.2M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | $10.2M-0.3% | $10.2M |
| Total Liabilities | $7.4M-1.4% | $7.5M-9.4% | $8.2M-10.0% | $9.2M-54.9% | $20.3M-38.0% | $32.7M+3.4% | $31.6M-10.8% | $35.5M |
| Current Liabilities | $6.7M+1.5% | $6.6M-8.4% | $7.3M-8.9% | $8.0M-58.1% | $19.0M-32.6% | $28.2M+3.4% | $27.3M-11.3% | $30.8M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $143.7M-1.9% | $146.4M-2.7% | $150.5M-2.3% | $154.1M-1.7% | $156.7M+140.9% | $65.1M-7.3% | $70.2M-5.5% | $74.3M |
| Retained Earnings | -$354.3M-1.0% | -$350.9M-1.8% | -$344.8M-1.4% | -$340.1M-0.1% | -$339.7M+20.2% | -$425.6M-1.5% | -$419.4M-1.1% | -$414.9M |
INVE Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.9M+19.3% | -$3.6M-8.8% | -$3.3M+44.6% | -$5.9M+17.9% | -$7.2M-626.7% | -$993K+23.7% | -$1.3M-127.3% | $4.8M |
| Capital Expenditures | $352K+39.7% | $252K-16.3% | $301K-51.5% | $620K+22.5% | $506K+274.8% | $135K-41.8% | $232K-79.7% | $1.1M |
| Free Cash Flow | -$3.2M+15.4% | -$3.8M-6.7% | -$3.6M+45.3% | -$6.5M+15.3% | -$7.7M-584.6% | -$1.1M+26.4% | -$1.5M-142.3% | $3.6M |
| Investing Cash Flow | -$54K+78.6% | -$252K+16.3% | -$301K+70.7% | -$1.0M-100.7% | $142.9M+105943.0% | -$135K+41.8% | -$232K+79.7% | -$1.1M |
| Financing Cash Flow | -$44K+76.2% | -$185K-9.5% | -$169K+91.2% | -$1.9M+78.8% | -$9.1M-294.5% | -$2.3M-541.3% | -$358K+7.3% | -$386K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
INVE Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.7%+20.1pp | -9.4%-11.9pp | 2.5%+17.4pp | -14.9%-18.5pp | 3.6%-5.5pp | 9.1%+1.9pp | 7.2% | N/A |
| Operating Margin | -111.4%+15.3pp | -126.7%-23.0pp | -103.8%-4.9pp | -98.9%+47.3pp | -146.3%-46.6pp | -99.7%-23.7pp | -76.0% | N/A |
| Net Margin | -68.9%+51.0pp | -119.9%-29.0pp | -90.9%-85.6pp | -5.3%-1321.1pp | 1315.8%+1408.0pp | -92.2%-23.8pp | -68.5% | N/A |
| Return on Equity | -2.4%+1.7pp | -4.1%-1.0pp | -3.2%-3.0pp | -0.2%-55.1pp | 54.8%+64.4pp | -9.6%-3.0pp | -6.5% | N/A |
| Return on Assets | -2.3%+1.6pp | -3.9%-0.9pp | -3.0%-2.8pp | -0.2%-48.8pp | 48.5%+54.9pp | -6.4%-1.9pp | -4.5% | N/A |
| Current Ratio | 21.08-0.6 | 21.70+1.2 | 20.51+1.3 | 19.20+10.5 | 8.73+6.3 | 2.46-0.2 | 2.67+0.1 | 2.58 |
| Debt-to-Equity | 0.050.0 | 0.050.0 | 0.050.0 | 0.06-0.1 | 0.13-0.4 | 0.50+0.1 | 0.45-0.0 | 0.48 |
| FCF Margin | -64.5%+11.3pp | -75.8%-7.8pp | -68.0%+29.7pp | -97.7%+20.5pp | -118.2%-101.5pp | -16.7%+6.3pp | -23.0% | N/A |
Similar Companies
Frequently Asked Questions
What is Identiv's annual revenue?
Identiv (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 Identiv's revenue growing?
Identiv (INVE) revenue declined by 19.3% year-over-year, from $26.6M to $21.5M in fiscal year 2025.
Is Identiv profitable?
No, Identiv (INVE) reported a net income of -$18.0M in fiscal year 2025, with a net profit margin of -83.8%.
What is Identiv's EBITDA?
Identiv (INVE) had EBITDA of -$20.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Identiv's gross margin?
Identiv (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 Identiv's operating margin?
Identiv (INVE) had an operating margin of -103.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Identiv's net profit margin?
Identiv (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 Identiv's return on equity (ROE)?
Identiv (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 Identiv's free cash flow?
Identiv (INVE) generated -$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 Identiv's operating cash flow?
Identiv (INVE) generated -$6.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Identiv's total assets?
Identiv (INVE) had $151.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Identiv's capital expenditures?
Identiv (INVE) invested $1.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Identiv spend on research and development?
Identiv (INVE) invested $3.3M in research and development during fiscal year 2025.
What is Identiv's current ratio?
Identiv (INVE) had a current ratio of 15.19 as of fiscal year 2025, which is generally considered healthy.
What is Identiv's debt-to-equity ratio?
Identiv (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 Identiv's return on assets (ROA)?
Identiv (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 Identiv's cash runway?
Based on fiscal year 2025 data, Identiv (INVE) had $128.6M in cash against an annual operating cash burn of $6.7M. This gives an estimated cash runway of approximately 230 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Identiv's Piotroski F-Score?
Identiv (INVE) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Identiv's earnings high quality?
Identiv (INVE) has an earnings quality ratio of 0.37x, considered low quality (accrual-driven). 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 Identiv?
Identiv (INVE) scores 34 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.