Revenue doubles as Innoviz (NASDAQ: INVZ) narrows 2025 net loss
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Innoviz Technologies reported strong top-line growth for 2025 while still operating at a significant loss. Full-year revenue reached $55.1 million, up from $24.3 million in 2024, driven by a mix of non-recurring engineering services and LiDAR unit sales. Gross profit turned positive at $12.9 million versus a gross loss a year earlier.
Operating expenses fell to $80.6 million from $100.8 million, helping narrow the net loss to $67.8 million from $94.8 million, or $0.34 per share. Liquidity as of December 31, 2025 was about $72.1 million in cash, deposits, marketable securities and restricted cash, and shareholders’ equity stood at $77.7 million. The company highlighted growing adoption of its InnovizThree and InnovizSMART product lines and set financial and operational targets for 2026.
Positive
- Revenue growth and margin improvement: 2025 revenue rose to $55.1 million from $24.3 million and gross profit turned positive at $12.9 million, signaling improving scale and unit economics.
- Lower operating expenses and narrower loss: Operating expenses fell to $80.6 million from $100.8 million, reducing the net loss to $67.8 million from $94.8 million and extending financial runway.
Negative
- Business still significantly loss-making: Despite progress, Innoviz reported a 2025 net loss of $67.8 million and used $47.9 million of cash in operating activities.
- Finite liquidity: Liquidity of approximately $72.1 million as of December 31, 2025 limits how long the company can fund losses without additional capital or stronger cash generation.
Insights
Innoviz more than doubled revenue and narrowed losses, but remains cash-burning.
Innoviz Technologies delivered rapid growth in 2025, with revenue rising to $55.1 million from $24.3 million. Gross profit swung to a positive $12.9 million, reflecting better scale and cost structure as LiDAR programs and NRE projects ramped.
Operating expenses declined to $80.6 million from $100.8 million, cutting the net loss to $67.8 million versus $94.8 million. Cash and liquid resources totaled roughly $72.1 million at December 31, 2025, while shareholders’ equity was $77.7 million, indicating capacity but not unlimited runway for continued investment.
Management emphasized momentum in Level 3 and Level 4 autonomous driving programs and non-automotive applications, alongside 2026 targets. Actual outcomes will depend on converting design wins into firm orders and managing cash usage, with further detail expected in subsequent periodic reports.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO SECTION 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2026
Commission File Number: 001-40310
INNOVIZ TECHNOLOGIES LTD.
(Translation of registrant’s name into English)
Innoviz Technologies Campus
5 Uri Ariav Street, Bldg. C
Nitzba 300, Rosh HaAin, Israel
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
The following press release is furnished hereto:
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Exhibit No.
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Description
|
|
|
|
|
|
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99.1
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Press Release of Innoviz Technologies Ltd., dated February 25, 2026, titled “Innoviz Reports Fourth Quarter
and Full Year 2025 Results.”
|
The financial information included in the condensed consolidated statements of operations, condensed consolidated balance sheets and condensed consolidated statements of cash flows contained in the press release attached
as Exhibit 99.1 to this report on Form 6-K is hereby incorporated by reference into the registrant’s Registration Statements on Form F-3 (File Nos. 333-265170 and 333-289554) and Form S-8 (File Nos.333-255511, 333-265169, 333-270416, 333-277852,
333-285758 and 333-292573).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Innoviz Technologies Ltd.
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|||
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By:
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/s/ Eldar Cegla
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||
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Name: Eldar Cegla
|
|||
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Title: Chief Financial Officer
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|||
Date: February 25, 2026
Exhibit 99.1
Innoviz Reports Fourth Quarter and Full Year 2025 Results
| • |
FY 2025 Revenues of $55.1 million more than doubled year over year, with record gross margins
|
| • |
Selected by Daimler Truck and Torc Robotics for series production of L4 Class 8 autonomous trucks, ongoing progress in L3 and L4 automotive programs with Mobileye, VW and others
|
| • |
Introduced InnovizThree for behind-the-windshield deployment, featuring smaller size, lower power consumption, lower cost, and embedded sensor fusion
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| • |
Strong traction with InnovizSMART and InnovizSMARTer for Physical AI, non-automotive applications; momentum in perimeter security deployments
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TEL AVIV, Israel, Feb. 25, 2026 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high performance, automotive-grade Physical AI LiDAR
sensor platforms and complementary software stack, today provided commercial and strategic updates on its business, reported its financial results for the year and quarter ended December 31, 2025, and set full year financial and operational targets
for 2026.
"2025 was a pivotal year for Innoviz financially and operationally. We more than doubled our revenues, delivered record gross margins, and significantly expanded programs and addressable end-markets. As the world shifts
from Digital AI to Physical AI, Innoviz is firmly positioned to enable perception through its industry-leading LiDAR technology. Our program wins and our lineup of products spanning automotive and non-automotive use cases have created powerful
momentum entering 2026, positioning us to accelerate growth, deepen customer partnerships, and further expand our leadership", said Omer Keilaf, CEO and Co-Founder of Innoviz. "Heading into 2026, we are advancing on our Level 3 programs with the VW
group and Mobileye, and on our Level 4 programs with Daimler Truck, Mobileye, VW and others. We see strong and growing interest in Level 3 and Level 4 programs from global OEMs. To support these efforts, we have introduced the InnovizThree, designed
specifically to meet the challenges of behind-the-windshield installation with a smaller form factor and lower power consumption; when combined with a camera, it also simplifies sensor fusion and integration. Outside the automotive space, our
InnovizSMART is gaining traction in areas such as security, mobility, and ITS, and we recently announced the installation of several InnovizSMART Perimeter Security Solutions. Additionally, our InnovizSMARTer, which integrates our LiDAR with an
Nvidia processor, delivers a comprehensive one-box solution that enables compression at the edge and wireless deployment in bandwidth-constrained environments. As we continue to ramp production, we believe we are well-positioned to become one of the
world's premier large-scale suppliers of best-in-class LiDAR solutions for autonomous driving and broader sensing applications, enabling the rise of Physical AI."
Commercial and Strategic Updates
| • |
Selected by Daimler Truck for series production of L4 autonomous trucks – Innoviz will supply LiDARs to support Daimler Truck and Torc Robotics' s Level 4 class 8 Freightliner Cascadia autonomous
semi trucks. Innoviz has begun shipping units of its InnovizTwo sensors for Daimler's fleet. The trucks are expected to be deployed across a broad range of highway and regional routes in North America.
|
| • |
Accelerated Level 3 and Level 4 automotive activity – several customer Level 4 programs are slated for SOP later this year, including the VW ID Buzz, followed by L3 programs in 2027. Amidst strong
interest in Level 4 programs, multiple OEMs have Level 3 RFQs in 2026 with programs targeted to ramp in 2028.
|
| • |
Introduced InnovizThree – InnovizThree is designed to meet the challenges of behind-the-windshield installation, with a smaller form factor and lower power consumption that does not compromise
vehicle design or in-cabin environment, at a lower cost. Combined with a camera, it simplifies OEM sensor fusion for faster deployment.
|
| • |
Deployed InnovizSMART Perimeter Security Solutions – the system combines Innoviz LiDARs with partners' PTZ cameras and analytics software to create an
off-the-shelf solution that addresses the limitations of conventional security systems.
|
| • |
Launched InnovizSMARTer with edge computing – the InnovizSMARTer is a one-box solution that integrates LiDAR with Nvidia's Jetson Orin Nano for processing at the edge and real-time compression,
enabling deployments in bandwidth-constrained areas and simplifying installation and cloud applications.
|
2025 Financial Results
Revenues in 2025 were $55.1 million compared to revenues of $24.3 million in 2024. The revenues resulted from a combination of NRE services and sales of LiDAR units.
Operating expenses in 2025 were $80.6 million, a decrease of 20% compared to operating expenses of $100.8 million in 2024. Operating expenses for 2025 included $10.7 million of
share-based compensation compared to $17.0 million of share-based compensation in 2024.
Liquidity as of December 31, 2025 was approximately $72.1 million, consisting of cash and cash equivalents, short term deposits, marketable securities and short-term restricted
cash.
FY 2026 Financial and Operational Targets
The company is setting its FY 2026 targets of:
| • |
Revenues of $67-$73 million;
|
| • |
2-3 new program wins;
|
| • |
LiDAR sales for non-automotive Physical AI applications up to 10% of revenue; and
|
| • |
New NRE payments plans of $20-$30 million.
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Conference Call
Innoviz management will hold a web conference today, February 25, 2026, at 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time) to discuss commercial and strategic updates, financial results for Q4 and full year 2025, and
financial and operational targets. Innoviz CEO Omer Keilaf and CFO Eldar Cegla will host the call, followed by a question-and-answer session.
Investors are invited to attend by registering in advance here. All relevant information will be sent upon registration.
A replay of the webinar will also be available shortly after the call in the Investors section of Innoviz's website for 90 days.
About Innoviz
Innoviz is a global leader in LiDAR technology, serving as a Tier-1 supplier to the world's leading automotive manufacturers and working towards a future with safe autonomous vehicles on the world's roads. Innoviz's LiDAR and perception software "see" better than a human driver and reduce the possibility of error, meeting the automotive industry's strictest expectations for performance and safety. Operating across the US, Europe, and Asia, Innoviz has been selected by internationally recognized premium car brands for use in consumer vehicles as well as by other commercial and industrial leaders for a wide range of use cases. For more information, visit https://innoviz.tech/
Innoviz is a global leader in LiDAR technology, serving as a Tier-1 supplier to the world's leading automotive manufacturers and working towards a future with safe autonomous vehicles on the world's roads. Innoviz's LiDAR and perception software "see" better than a human driver and reduce the possibility of error, meeting the automotive industry's strictest expectations for performance and safety. Operating across the US, Europe, and Asia, Innoviz has been selected by internationally recognized premium car brands for use in consumer vehicles as well as by other commercial and industrial leaders for a wide range of use cases. For more information, visit https://innoviz.tech/
Join the discussion: Facebook, LinkedIn, YouTube, Twitter
Media Contact
Media@innoviz-tech.com
Media@innoviz-tech.com
Investor Contact
Investors@innoviz-tech.com
Investors@innoviz-tech.com
Forward Looking Statements
This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services and products offered by Innoviz, the
anticipated technological capability of Innoviz's products, the markets in which Innoviz operates, expected NRE payments, the anticipated scaling of production, and Innoviz's projected future operational and financial results, including revenue and
NREs. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will
continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks
and uncertainties.
"NRE (Non-Recurring Engineering)" is booked services that may be ordered from Innoviz usually as part of a program design win and includes, among other things, application engineering,
product adaptation services, testing and validation services, standards and qualification work and change requests (usually during the lifetime of a program). NREs may be paid based on milestones over the development phase of the project which may
take a few years.
Many factors could cause actual future events, and, in the case of our forward-looking revenues and NRE bookings, actual orders or actual payments, to differ materially from the forward-looking
statements in this announcement, including but not limited to, the ability to implement business plans, forecasts, and other expectations, the ability to convert design wins into definitive orders and the magnitude of such orders, the possibility
that NRE would be set off against liabilities and indemnities, the ability to identify and realize additional opportunities, potential changes and developments in the highly competitive LiDAR technology and related industries, and our expectations
regarding the impact of the evolving conflict in Israel to our ongoing operations. The foregoing list is not exhaustive. You should carefully consider such risk and the other risks and uncertainties described in Innoviz's annual report on Form 20-F
for the year ended December 31, 2024, filed with the U.S. Securities and Exchange Commission ("SEC") on March 12, 2025, and in other documents filed by Innoviz from time to time with the SEC. These filings identify and address other important risks
and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. There can be no assurances that the Company will enter into definitive agreements, orders or receive payments
with respect to the series production selection referenced in this announcement. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Innoviz assumes no
obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Innoviz gives no assurance that it will achieve its expectations.
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INNOVIZ TECHNOLOGIES LTD. AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
|
|
U.S. dollars in thousands (except share and per share data)
(Unaudited)
|
|
Year Ended
December 31,
|
Three Months Ended
December 31,
|
|||||||||||||||
|
2025
|
2024
|
2025
|
2024
|
|||||||||||||
|
Revenues
|
$
|
55,089
|
$
|
24,268
|
$
|
12,674
|
$
|
6,027
|
||||||||
|
Cost of revenues
|
(42,184
|
)
|
(25,429
|
)
|
(10,609
|
)
|
(5,488
|
)
|
||||||||
|
Gross profit (loss)
|
12,905
|
(1,161
|
)
|
2,065
|
539
|
|||||||||||
|
Operating expenses:
|
||||||||||||||||
|
Research and development
|
56,478
|
73,817
|
16,124
|
13,489
|
||||||||||||
|
Sales and marketing
|
5,751
|
7,474
|
1,568
|
1,722
|
||||||||||||
|
General and administrative
|
18,409
|
19,466
|
5,300
|
4,577
|
||||||||||||
|
Total operating expenses
|
80,638
|
100,757
|
22,992
|
19,788
|
||||||||||||
|
Operating loss
|
(67,733
|
)
|
(101,918
|
)
|
(20,927
|
)
|
(19,249
|
)
|
||||||||
|
Financial income (expense), net
|
109
|
7,328
|
(276
|
)
|
691
|
|||||||||||
|
Loss before taxes on income
|
(67,624
|
)
|
(94,590
|
)
|
(21,203
|
)
|
(18,558
|
)
|
||||||||
|
Taxes on income
|
(171
|
)
|
(167
|
)
|
(52
|
)
|
(38
|
)
|
||||||||
|
Net loss
|
$
|
(67,795
|
)
|
$
|
(94,757
|
)
|
$
|
(21,255
|
)
|
$
|
(18,596
|
)
|
||||
|
Basic and diluted net loss per ordinary share
|
$
|
(0.34
|
)
|
$
|
(0.57
|
)
|
$
|
(0.10
|
)
|
$
|
(0.11
|
)
|
||||
|
Weighted average number of ordinary shares used in
computing basic and diluted net loss per ordinary share |
199,895,238
|
167,216,070
|
210,433,339
|
168,858,283
|
||||||||||||
|
INNOVIZ TECHNOLOGIES LTD. AND ITS SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
|
|||||
|
U.S. dollars in thousands
(Unaudited)
|
|
December 31,
|
December 31,
|
|||||||
|
2025
|
2024
|
|||||||
|
ASSETS
|
||||||||
|
CURRENT ASSETS:
|
||||||||
|
Cash and cash equivalents
|
$
|
8,638
|
$
|
25,365
|
||||
|
Short-term restricted cash
|
16
|
16
|
||||||
|
Bank deposits
|
54,010
|
30,628
|
||||||
|
Marketable securities
|
9,466
|
11,955
|
||||||
|
Trade receivables, net
|
9,978
|
6,043
|
||||||
|
Inventory
|
3,344
|
1,905
|
||||||
|
Prepaid expenses and other current assets
|
4,780
|
6,707
|
||||||
|
Total current assets
|
90,232
|
82,619
|
||||||
|
LONG-TERM ASSETS:
|
||||||||
|
Restricted deposits
|
3,189
|
2,725
|
||||||
|
Property and equipment, net
|
19,856
|
23,432
|
||||||
|
Operating lease right-of-use assets, net
|
25,086
|
23,194
|
||||||
|
Other long-term assets
|
89
|
79
|
||||||
|
Total long-term assets
|
48,220
|
49,430
|
||||||
|
Total assets
|
$
|
138,452
|
$
|
132,049
|
||||
|
LIABILITIES AND SHAREHOLDERS' EQUITY
|
||||||||
|
CURRENT LIABILITIES:
|
||||||||
|
Trade payables
|
$
|
8,599
|
$
|
8,813
|
||||
|
Deferred revenues
|
1,852
|
274
|
||||||
|
Employees and payroll accruals
|
9,027
|
8,722
|
||||||
|
Accrued expenses and other current liabilities
|
5,998
|
5,631
|
||||||
|
Operating lease liabilities
|
5,949
|
4,330
|
||||||
|
Total current liabilities
|
31,425
|
27,770
|
||||||
|
LONG-TERM LIABILITIES:
|
||||||||
|
Operating lease liabilities
|
29,302
|
25,264
|
||||||
|
Warrants liability
|
7
|
86
|
||||||
|
Total long-term liabilities
|
29,309
|
25,350
|
||||||
|
SHAREHOLDERS' EQUITY:
|
||||||||
|
Ordinary Shares of no-par value
|
-
|
-
|
||||||
|
Additional paid-in capital
|
875,558
|
808,974
|
||||||
|
Accumulated deficit
|
(797,840
|
)
|
(730,045
|
)
|
||||
|
Total shareholders' equity
|
77,718
|
78,929
|
||||||
|
Total liabilities and shareholders' equity
|
$
|
138,452
|
$
|
132,049
|
||||
|
INNOVIZ TECHNOLOGIES LTD. AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
|
|
U.S. dollars in thousands
(Unaudited)
|
|
Year Ended
December 31,
|
Three Months Ended
December 31,
|
|||||||||||||||
|
2025
|
2024
|
2025
|
2024
|
|||||||||||||
|
Cash flows from operating activities:
|
||||||||||||||||
|
Net loss
|
$
|
(67,795
|
)
|
$
|
(94,757
|
)
|
$
|
(21,255
|
)
|
$
|
(18,596
|
)
|
||||
|
Adjustments required to reconcile net loss to
net cash used in operating activities: |
||||||||||||||||
|
Depreciation and amortization
|
5,873
|
7,786
|
1,797
|
1,592
|
||||||||||||
|
Remeasurement of warrants liability
|
(75
|
)
|
(154
|
)
|
(32
|
)
|
22
|
|||||||||
|
Change in accrued interest on bank deposits
|
(757
|
)
|
1,939
|
174
|
1,048
|
|||||||||||
|
Change in marketable securities
|
(156
|
)
|
(534
|
)
|
(26
|
)
|
(84
|
)
|
||||||||
|
Share-based compensation
|
15,954
|
19,682
|
4,104
|
3,816
|
||||||||||||
|
Capital gain, net
|
-
|
(75
|
)
|
-
|
(75
|
)
|
||||||||||
|
Foreign exchange gain, net
|
(1,502
|
)
|
(305
|
)
|
(176
|
)
|
(171
|
)
|
||||||||
|
Change in prepaid expenses and other assets
|
1,145
|
(437
|
)
|
(36
|
)
|
(3,351
|
)
|
|||||||||
|
Change in trade receivables, net
|
(6,850
|
)
|
1,352
|
6,918
|
(2,504
|
)
|
||||||||||
|
Change in inventory
|
240
|
(37
|
)
|
(376
|
)
|
(678
|
)
|
|||||||||
|
Change in operating lease assets and liabilities, net
|
3,765
|
(623
|
)
|
952
|
369
|
|||||||||||
|
Change in trade payables
|
(67
|
)
|
(72
|
)
|
(925
|
)
|
1,631
|
|||||||||
|
Change in accrued expenses and other liabilities
|
424
|
(3,299
|
)
|
668
|
129
|
|||||||||||
|
Change in employees and payroll accruals
|
305
|
(746
|
)
|
(634
|
)
|
(987
|
)
|
|||||||||
|
Change in deferred revenues
|
1,578
|
(6,675
|
)
|
(284
|
)
|
(4
|
)
|
|||||||||
|
Net cash used in operating activities
|
(47,918
|
)
|
(76,955
|
)
|
(9,131
|
)
|
(17,843
|
)
|
||||||||
|
Cash flows from investing activities:
|
||||||||||||||||
|
Purchase of property and equipment
|
(4,250
|
)
|
(4,412
|
)
|
(1,040
|
)
|
(1,191
|
)
|
||||||||
|
Proceeds from sale of machinery
|
2,915
|
-
|
2,915
|
-
|
||||||||||||
|
Proceeds from sales of property and equipment
|
3
|
75
|
-
|
75
|
||||||||||||
|
Investment in bank deposits
|
(99,800
|
)
|
(54,100
|
)
|
(21,900
|
)
|
(27,400
|
)
|
||||||||
|
Withdrawal of bank deposits
|
77,150
|
127,300
|
24,800
|
38,700
|
||||||||||||
|
Investment in restricted deposits
|
(120
|
)
|
(122
|
)
|
-
|
-
|
||||||||||
|
Release of restricted deposits
|
63
|
-
|
63
|
-
|
||||||||||||
|
Investment in marketable securities
|
(37,628
|
)
|
(55,493
|
)
|
(7,730
|
)
|
(22,036
|
)
|
||||||||
|
Proceeds from sales and maturities of marketable securities
|
40,273
|
62,220
|
7,662
|
26,930
|
||||||||||||
|
Net cash provided by (used in) investing activities
|
(21,394
|
)
|
75,468
|
4,770
|
15,078
|
|||||||||||
|
Cash flows from financing activities:
|
||||||||||||||||
|
Issuance of ordinary shares and warrants, net of issuance costs
|
37,289
|
-
|
-
|
-
|
||||||||||||
|
Issuance of ordinary shares, net of paid issuance costs
|
13,339
|
-
|
4,920
|
-
|
||||||||||||
|
Proceeds from exercise of options
|
837
|
224
|
127
|
55
|
||||||||||||
|
Net cash provided by financing activities
|
51,465
|
224
|
5,047
|
55
|
||||||||||||
|
Effect of exchange rate changes on cash, cash equivalents and restricted cash
|
1,120
|
308
|
66
|
126
|
||||||||||||
|
Increase (decrease) in cash, cash equivalents and restricted cash
|
(16,727
|
)
|
(955
|
)
|
752
|
(2,584
|
)
|
|||||||||
|
Cash, cash equivalents and restricted cash at the beginning of the period
|
25,381
|
26,336
|
7,902
|
27,965
|
||||||||||||
|
Cash, cash equivalents and restricted cash at the end of the period
|
$
|
8,654
|
$
|
25,381
|
$
|
8,654
|
$
|
25,381
|
||||||||
FAQ
How did Innoviz Technologies (INVZ) perform financially in 2025?
Innoviz grew revenue to $55.1 million in 2025 from $24.3 million in 2024, turning gross profit positive at $12.9 million. The net loss narrowed to $67.8 million, reflecting lower operating expenses but the business remains unprofitable.
What were Innoviz Technologies’ Q4 2025 results?
In Q4 2025, Innoviz reported $12.7 million in revenue, up from $6.0 million in Q4 2024. Gross profit was $2.1 million and the net loss was $21.3 million, slightly higher than the $18.6 million loss a year earlier.
How much cash and liquidity did Innoviz Technologies have at year-end 2025?
As of December 31, 2025, Innoviz had about $72.1 million in liquidity, including cash, cash equivalents, short-term deposits, marketable securities and short-term restricted cash. Total shareholders’ equity was $77.7 million, supporting ongoing investment in LiDAR programs.
Did Innoviz Technologies improve its operating expenses in 2025?
Yes. Innoviz reduced operating expenses to $80.6 million in 2025 from $100.8 million in 2024. This includes lower share-based compensation, which fell to $10.7 million from $17.0 million, helping narrow the company’s overall net loss.
What drove Innoviz Technologies’ 2025 revenue growth?
Innoviz’s 2025 revenue of $55.1 million was generated by a combination of non-recurring engineering (NRE) services and sales of LiDAR units. Management highlighted expanding automotive Level 3 and Level 4 programs and growing non-automotive applications as key contributors.
Is Innoviz Technologies still burning cash from operations?
Yes. Innoviz used $47.9 million of net cash in operating activities during 2025, compared with $77.0 million in 2024. While operating cash burn has decreased, continued investment in R&D and commercialization keeps the company cash-flow negative.