What is Innoviz Technologies Ltd's earnings per share (EPS)?

Innoviz Technologies Ltd (INVZ) reported diluted earnings per share of $-0.34 for fiscal year 2025. This represents a 40.4% 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.

Innoviz Technologies Ltd Financials

INVZ

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Innoviz Technologies Ltd (INVZ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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

Financial Profile 40/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Innoviz Technologies Ltd has an operating margin of -123.0%, meaning the company retains $-123 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 -420.0% the prior year.

Growth

100

Innoviz Technologies Ltd's revenue surged 127.0% year-over-year to $55.1M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

Innoviz Technologies Ltd carries a low D/E ratio of 0.78, meaning only $0.78 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 86/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Innoviz Technologies Ltd's current ratio of 2.87 indicates adequate short-term liquidity, earning a score of 55/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While Innoviz Technologies Ltd generated -$47.9M in operating cash flow, capex of $4.3M consumed most of it, leaving -$52.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Innoviz Technologies Ltd generates a -87.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -120.0% the prior year.

Piotroski F-Score Neutral

4/9

Innoviz Technologies Ltd passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality

0.71x

For every $1 of reported earnings, Innoviz Technologies Ltd generates $0.71 in operating cash flow (-$47.9M OCF vs -$67.8M 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

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Earnings & Revenue

Revenue

$55.1M

YoY+127.0%

Innoviz Technologies Ltd generated $55.1M in revenue in fiscal year 2025. This represents an increase of 127.0% from the prior year.

EBITDA

-$61.9M

YoY+34.3%

Innoviz Technologies Ltd's EBITDA was -$61.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 34.3% from the prior year.

Net Income

-$67.8M

YoY+28.5%

Innoviz Technologies Ltd reported -$67.8M in net income in fiscal year 2025. This represents an increase of 28.5% from the prior year.

EPS (Diluted)

$-0.34

YoY+40.4%

Innoviz Technologies Ltd earned $-0.34 per diluted share (EPS) in fiscal year 2025. This represents an increase of 40.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$52.2M

YoY+35.9%

Innoviz Technologies Ltd generated -$52.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 35.9% from the prior year.

Cash & Debt

$8.6M

YoY-65.9%

5Y CAGR-29.6%

Innoviz Technologies Ltd held $8.6M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

214M

YoY+26.4%

5Y CAGR+66.1%

Innoviz Technologies Ltd had 214M shares outstanding in fiscal year 2025. This represents an increase of 26.4% from the prior year.

Margins & Returns

Gross Margin

23.4%

YoY+28.2pp

Innoviz Technologies Ltd's gross margin was 23.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 28.2 percentage points from the prior year.

Operating Margin

-123.0%

YoY+297.0pp

Innoviz Technologies Ltd's operating margin was -123.0% in fiscal year 2025, reflecting core business profitability. This is up 297.0 percentage points from the prior year.

Net Margin

-123.1%

YoY+267.4pp

Innoviz Technologies Ltd's net profit margin was -123.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 267.4 percentage points from the prior year.

Return on Equity

-87.2%

YoY+32.8pp

Innoviz Technologies Ltd's ROE was -87.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 32.8 percentage points from the prior year.

Capital Allocation

R&D Spending

$56.5M

YoY-23.5%

5Y CAGR-0.2%

Innoviz Technologies Ltd invested $56.5M in research and development in fiscal year 2025. This represents a decrease of 23.5% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$4.3M

YoY-3.7%

5Y CAGR-3.7%

Innoviz Technologies Ltd invested $4.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 3.7% from the prior year.

INVZ Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$55.1M+127.0%	$24.3M+16.2%	$20.9M+246.4%	$6.0M+10.2%	$5.5M	N/A
Cost of Revenue	$42.2M+65.9%	$25.4M-21.7%	$32.5M+119.7%	$14.8M+41.0%	$10.5M+63.7%	$6.4M
Gross Profit	$12.9M+1211.5%	-$1.2M+90.0%	-$11.6M-32.5%	-$8.8M-74.5%	-$5.0M+68.2%	-$15.8M
R&D Expenses	$56.5M-23.5%	$73.8M-20.3%	$92.7M-2.6%	$95.1M+1.9%	$93.3M+63.7%	$57.0M
SG&A Expenses	$18.4M-5.4%	$19.5M-0.4%	$19.5M+1.9%	$19.2M-46.1%	$35.6M+847.5%	$3.8M
Operating Income	-$67.7M+33.5%	-$101.9M+23.1%	-$132.6M+0.6%	-$133.3M+15.4%	-$157.7M-92.3%	-$82.0M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$171K+2.4%	$167K-74.0%	$642K+97.5%	$325K+14.4%	$284K+55.2%	$183K
Net Income	-$67.8M+28.5%	-$94.8M+23.2%	-$123.5M+2.7%	-$126.9M+17.4%	-$153.6M-88.4%	-$81.5M
EPS (Diluted)	$-0.34+40.4%	$-0.57+32.1%	$-0.84+10.6%	$-0.94+39.0%	$-1.54+74.3%	$-5.99

Metric	Q4'25	Q3'25	Q2'25	Q4'24	Q3'24	Q2'24	Q4'23	Q2'23
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

INVZ Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$138.5M+4.8%	$132.0M-39.8%	$219.2M-14.2%	$255.4M-21.9%	$327.2M+351.0%	$72.6M
Current Assets	$90.2M+9.2%	$82.6M-48.5%	$160.5M-14.4%	$187.6M-31.7%	$274.4M+373.8%	$57.9M
Cash & Equivalents	$8.6M-65.9%	$25.4M-3.5%	$26.3M-52.8%	$55.7M+135.7%	$23.6M-52.7%	$50.0M
Inventory	$3.3M+75.5%	$1.9M+2.0%	$1.9M-55.9%	$4.2M-0.5%	$4.3M+96.7%	$2.2M
Accounts Receivable	$10.0M+65.1%	$6.0M-18.3%	$7.4M+319.7%	$1.8M+243.5%	$513K-79.5%	$2.5M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$60.7M+14.3%	$53.1M-19.4%	$65.9M+4.0%	$63.4M+123.2%	$28.4M-90.4%	$296.3M
Current Liabilities	$31.4M+13.2%	$27.8M-25.4%	$37.2M+14.8%	$32.4M+49.7%	$21.7M+21.8%	$17.8M
Long-Term Debt	N/A	N/A	N/A	N/A	$0-100.0%	$2.2M
Total Equity	$77.7M-1.5%	$78.9M-48.5%	$153.3M-20.2%	$192.0M-35.7%	$298.8M+233.5%	-$223.7M
Retained Earnings	-$797.8M-9.3%	-$730.0M-14.9%	-$635.3M-24.1%	-$511.8M-33.0%	-$385.0M-66.4%	-$231.4M

Metric	Q4'25	Q3'25	Q2'25	Q4'24	Q3'24	Q2'24	Q4'23	Q2'23
Total Assets	$138.5M-8.3%	$151.1M0.0%	$151.1M+14.4%	$132.0M	N/A	$166.8M-23.9%	$219.2M+10.3%	$198.8M
Current Assets	$90.2M-11.7%	$102.2M+1.3%	$100.9M+22.1%	$82.6M	N/A	$114.4M-28.7%	$160.5M+22.4%	$131.1M
Cash & Equivalents	$8.6M+9.5%	$7.9M-41.7%	$13.5M-46.6%	$25.4M-9.2%	$27.9M+16.4%	$24.0M-8.6%	$26.3M-23.4%	$34.3M
Inventory	$3.3M+12.7%	$3.0M-7.3%	$3.2M+68.0%	$1.9M	N/A	$1.8M-6.2%	$1.9M-59.2%	$4.6M
Accounts Receivable	$10.0M-49.6%	$19.8M+70.4%	$11.6M+92.3%	$6.0M	N/A	$5.4M-26.7%	$7.4M+210.5%	$2.4M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$60.7M-1.1%	$61.4M+5.9%	$58.0M+9.2%	$53.1M	N/A	$54.1M-18.0%	$65.9M+6.2%	$62.1M
Current Liabilities	$31.4M-2.1%	$32.1M+13.4%	$28.3M+1.9%	$27.8M	N/A	$28.0M-24.8%	$37.2M+11.6%	$33.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$77.7M-13.3%	$89.7M-3.7%	$93.1M+18.0%	$78.9M-14.8%	$92.6M-17.8%	$112.7M-26.5%	$153.3M+12.1%	$136.7M
Retained Earnings	-$797.8M-2.7%	-$776.6M-2.0%	-$761.2M-4.3%	-$730.0M	N/A	-$686.6M-8.1%	-$635.3M-9.9%	-$577.8M

INVZ Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$47.9M+37.7%	-$77.0M+17.3%	-$93.1M+0.4%	-$93.4M-13.2%	-$82.5M-33.2%	-$61.9M
Capital Expenditures	$4.3M-3.7%	$4.4M-32.9%	$6.6M-70.8%	$22.6M+496.4%	$3.8M-26.1%	$5.1M
Free Cash Flow	-$52.2M+35.9%	-$81.4M+18.3%	-$99.6M+14.1%	-$116.0M-34.4%	-$86.3M-28.7%	-$67.1M
Investing Cash Flow	-$21.4M-128.3%	$75.5M+6992.9%	$1.1M-99.2%	$125.4M+144.5%	-$281.6M-1051.6%	$29.6M
Financing Cash Flow	$51.5M+22875.4%	$224K-99.6%	$61.9M+10057.0%	$609K-99.8%	$337.2M+3671.1%	$8.9M
Dividends Paid	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

Metric	Q4'25	Q3'25	Q2'25	Q4'24	Q3'24	Q2'24	Q4'23	Q2'23
Operating Cash Flow	-$9.1M+33.5%	-$13.7M	N/A	-$17.8M-8.2%	-$16.5M	N/A	N/A	N/A
Capital Expenditures	$1.0M+263.6%	$286K	N/A	$1.2M-0.1%	$1.2M	N/A	N/A	N/A
Free Cash Flow	-$10.2M+27.4%	-$14.0M	N/A	-$19.0M-7.7%	-$17.7M	N/A	N/A	N/A
Investing Cash Flow	$4.8M+720.3%	-$769K	N/A	$15.1M-24.9%	$20.1M	N/A	N/A	N/A
Financing Cash Flow	$5.0M-43.1%	$8.9M	N/A	$55K-5.2%	$58K	N/A	N/A	N/A
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

INVZ Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	23.4%+28.2pp	-4.8%+50.9pp	-55.6%+89.8pp	-145.4%-53.6pp	-91.9%	N/A
Operating Margin	-123.0%+297.0pp	-420.0%+215.2pp	-635.2%+1577.7pp	-2212.9%+671.4pp	-2884.3%	N/A
Net Margin	-123.1%+267.4pp	-390.5%+200.9pp	-591.4%+1514.0pp	-2105.4%+703.9pp	-2809.3%	N/A
Return on Equity	-87.2%+32.8pp	-120.0%-39.5pp	-80.5%-14.5pp	-66.1%-14.7pp	-51.4%	N/A
Return on Assets	-49.0%+22.8pp	-71.8%-15.4pp	-56.3%-6.6pp	-49.7%-2.7pp	-46.9%+65.4pp	-112.3%
Current Ratio	2.87-0.1	2.98-1.3	4.31-1.5	5.78-6.9	12.67+9.4	3.25
Debt-to-Equity	0.78+0.1	0.67+0.2	0.43+0.1	0.33+0.3	0.000.0	-0.01
FCF Margin	-94.7%+240.6pp	-335.3%+142.0pp	-477.3%+1447.4pp	-1924.6%-345.7pp	-1579.0%	N/A

Metric	Q4'25	Q3'25	Q2'25	Q4'24	Q3'24	Q2'24	Q4'23	Q2'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.87-0.3	3.18-0.4	3.56+0.6	2.98	N/A	4.09-0.2	4.31+0.4	3.93
Debt-to-Equity	0.78+0.1	0.68+0.1	0.62-0.1	0.67	N/A	0.48+0.0	0.43-0.0	0.45
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Innoviz Technologies Ltd's annual revenue?

Innoviz Technologies Ltd (INVZ) reported $55.1M in total revenue for fiscal year 2025. This represents a 127.0% 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 Innoviz Technologies Ltd's revenue growing?

Innoviz Technologies Ltd (INVZ) revenue grew by 127% year-over-year, from $24.3M to $55.1M in fiscal year 2025.

Is Innoviz Technologies Ltd profitable?

No, Innoviz Technologies Ltd (INVZ) reported a net income of -$67.8M in fiscal year 2025, with a net profit margin of -123.1%.

What is Innoviz Technologies Ltd's EBITDA?

Innoviz Technologies Ltd (INVZ) had EBITDA of -$61.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Innoviz Technologies Ltd's gross margin?

Innoviz Technologies Ltd (INVZ) had a gross margin of 23.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Innoviz Technologies Ltd's operating margin?

Innoviz Technologies Ltd (INVZ) had an operating margin of -123.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Innoviz Technologies Ltd's net profit margin?

Innoviz Technologies Ltd (INVZ) had a net profit margin of -123.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Innoviz Technologies Ltd's return on equity (ROE)?

Innoviz Technologies Ltd (INVZ) has a return on equity of -87.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Innoviz Technologies Ltd's free cash flow?

Innoviz Technologies Ltd (INVZ) generated -$52.2M in free cash flow during fiscal year 2025. This represents a 35.9% 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 Innoviz Technologies Ltd's operating cash flow?

Innoviz Technologies Ltd (INVZ) generated -$47.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Innoviz Technologies Ltd's total assets?

Innoviz Technologies Ltd (INVZ) had $138.5M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Innoviz Technologies Ltd's capital expenditures?

Innoviz Technologies Ltd (INVZ) invested $4.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Innoviz Technologies Ltd spend on research and development?

Innoviz Technologies Ltd (INVZ) invested $56.5M in research and development during fiscal year 2025.

How many shares does Innoviz Technologies Ltd have outstanding?

Innoviz Technologies Ltd (INVZ) had 214M shares outstanding as of fiscal year 2025.

What is Innoviz Technologies Ltd's current ratio?

Innoviz Technologies Ltd (INVZ) had a current ratio of 2.87 as of fiscal year 2025, which is generally considered healthy.

What is Innoviz Technologies Ltd's debt-to-equity ratio?

Innoviz Technologies Ltd (INVZ) had a debt-to-equity ratio of 0.78 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Innoviz Technologies Ltd's return on assets (ROA)?

Innoviz Technologies Ltd (INVZ) had a return on assets of -49.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Innoviz Technologies Ltd's cash runway?

Based on fiscal year 2025 data, Innoviz Technologies Ltd (INVZ) had $8.6M in cash against an annual operating cash burn of $47.9M. This gives an estimated cash runway of approximately 2 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 Innoviz Technologies Ltd's Piotroski F-Score?

Innoviz Technologies Ltd (INVZ) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 Innoviz Technologies Ltd's earnings high quality?

Innoviz Technologies Ltd (INVZ) has an earnings quality ratio of 0.71x, 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 Innoviz Technologies Ltd?

Innoviz Technologies Ltd (INVZ) scores 40 out of 100 on our Financial Profile, indicating moderate 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.