Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $134M | $217M | $261M | $261M | $337M | $392M | $331M | $310M | $359M | $411M |
| Revenue growth | — | 62.6% | 20.2% | 0.0% | 29.0% | 16.4% | -15.4% | -6.3% | 15.5% | 14.7% |
| Gross profit | — | — | — | — | — | — | — | $246M | $296M | $308M |
| Gross margin | — | — | — | — | — | — | — | 79.2% | 82.6% | 74.8% |
| Operating income | $109M | $184M | $238M | $246M | $321M | $375M | — | $114M | $167M | $164M |
| Operating margin | 81.6% | 84.5% | 91.3% | 94.4% | 95.3% | 95.7% | — | 36.7% | 46.5% | 39.8% |
| Net income | $59.5M | $134M | $406M | $191M | $294M | $369M | $220M | $180M | $23.4M | $271M |
| Net margin | 44.6% | 61.8% | 155.7% | 73.2% | 87.2% | 94.1% | 66.5% | 57.9% | 6.5% | 65.9% |
| EPS (diluted) | $0.53 | $1.17 | $3.53 | $1.43 | $2.02 | $2.87 | $2.37 | $2.20 | $0.36 | $3.30 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $61.0M | $142M | $224M | $257M | $313M | $364M | $202M | $141M | $189M | $197M |
| Capital expenditures | $278K | $0.00 | $0.00 | $12.0K | $13.0K | $0.00 | $67.0K | $411K | $270K | $1.13M |
| Free cash flow | $60.7M | $142M | $224M | $257M | $313M | $364M | $202M | $141M | $188M | $196M |
| Share buybacks | $78.1M | $97.5M | $0.00 | $0.00 | $0.00 | $394M | $8.50M | $75.7M | $14.8M | $4.53M |
| Dividends paid | $960K | $281K | $80.0K | $11.0K | $0.00 | $0.00 | — | — | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $118M | $73.3M | $62.4M | $278M | $246M | $202M | $291M | $194M | $305M | $551M |
| Total assets | $379M | $367M | $548M | $725M | $1000M | $926M | $1.23B | $1.24B | $1.30B | $1.64B |
| Long-term debt | $708M | $574M | $383M | $377M | $386M | $395M | $444M | $446M | $256M | $258M |
| Shareholders' equity | -$353M | -$243M | $154M | $313M | $540M | $415M | $566M | $675M | $691M | $1.17B |
| Retained earnings | -$1.63B | -$1.50B | -$1.10B | -$946M | -$722M | -$456M | -$205M | -$25.2M | -$1.80M | $269M |
| Shares (wtd avg diluted) | 123M | 120M | 113M | 113M | 114M | 94.3M | 95.2M | 86.9M | 74.2M | 84.8M |
Every figure is extracted from Innoviva, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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