Nov 4, 4:25 PM ET
Innoviva reported third-quarter 2026 results with total revenue of $106.1 million, down 1.6% from $107.8 million a year earlier, while U.S. net product sales rose 45% to $43.3 million. The company swung to a net loss of $73.9 million, or $1.03 per basic share, mainly because of unfavorable fair value changes in its equity and long-term investments, and it reaffirmed its 2026 guidance of at least $150 million in U.S. net product sales.
- Total revenue was $106.1 million versus $107.8 million in Q3 2025; gross royalty revenue from GSK was stable at $58.1 million.
- Net loss of $73.9 million, or $1.03 per basic share, compared with net income of $89.9 million in Q3 2025, driven by a $139.5 million net unfavorable fair value change in equity and long-term investments.
- Income from operations rose 21.9% to $42.2 million, and cash and cash equivalents totaled $581.4 million as of September 30, 2026.
- During Q3 2026 the company repurchased 1,226,948 shares for $26.3 million under its $125 million buyback program.
Read the filing on SEC.gov ↗
Aug 5, 4:19 PM ET
Innoviva reported second-quarter 2026 results for the period ended June 30, 2026. Total revenue grew 19% from a year earlier, led by 46% growth in net product sales, but the company posted a net loss of $83.4 million, or $1.14 per basic share, compared with net income of $63.7 million a year earlier. The loss was driven mainly by unfavorable changes in the fair value of its equity and long-term investments, primarily from a lower share price of Armata Pharmaceuticals.
- Total revenue was $119.6 million, up from $100.3 million in the second quarter of 2025.
- Net product sales were $51.8 million, up 46%, with U.S. sales of $36.6 million.
- Net loss was $83.4 million, or $1.14 per basic share, versus net income of $63.7 million in the prior-year quarter.
- The company repurchased 1,403,247 shares for $31.4 million in the quarter under its $125 million program.
Read the filing on SEC.gov ↗
May 18, 4:21 PM ET
Innoviva directors Derek Small and Mark DiPaolo resigned on May 12, 2026, to focus on Syndeio BioSciences, where Small is CEO and DiPaolo is expected to take an executive role. On May 18, 2026, the board elected Josephine Linden as a director, and she is expected to serve on the Audit Committee. The filing describes the resignations as unrelated to any disagreement with the company, and the change is a board composition update rather than a financial result.
- Derek Small and Mark DiPaolo resigned from the board on May 12, 2026, to focus on Syndeio BioSciences Inc.
- Josephine Linden was elected to the board on May 18, 2026; the board has determined she is independent.
- Linden is expected to serve on the Audit Committee and will receive a $125,000 initial RSU award plus prorated annual awards of $206,250 in RSUs and options on 9,166 shares.
Read the filing on SEC.gov ↗
May 6, 4:19 PM ET
Innoviva reported first-quarter 2026 total revenue of $98.0 million, up 11% from $88.6 million a year earlier, and net income of $186.6 million, or $2.52 per basic share, compared with a net loss of $46.6 million in the first quarter of 2025. The swing to profit was driven mainly by $191.2 million in net favorable fair value changes on investments, primarily Armata Pharmaceuticals, while income from operations fell to $38.2 million from $41.4 million.
- Total revenue of $98.0 million, up 11% from $88.6 million in Q1 2025; net product sales rose 37% to $41.4 million.
- Net income of $186.6 million ($2.52 basic EPS) versus a net loss of $46.6 million ($0.74 loss per share) in Q1 2025, driven mainly by $191.2 million in net favorable fair value changes, primarily Armata Pharmaceuticals.
- Income from operations was $38.2 million, down from $41.4 million a year earlier.
- Cash and cash equivalents totaled $603.1 million at March 31, 2026; the company repurchased 971,066 shares for $20.4 million in the quarter under its $125 million program.
Read the filing on SEC.gov ↗
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