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Innoviz Technologies Ltd. (INVZ) 10-Year Financial Performance & Capital Metrics

INVZ • • Industrial / General
Consumer CyclicalAuto Parts & EquipmentAdvanced Driver Assistance & Autonomous SystemsLiDAR & Sensing Systems
AboutInnoviz Technologies Ltd. designs and manufactures solid-state LiDAR sensors and develops perception software that enables the mass production of autonomous vehicles. The company manufactures InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxi, shuttle, trucking, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy. Its automotive-grade sensor is integrable into Level 3 through 5 autonomous vehicles for the safety of passengers and pedestrians. The company also provides InnovizTwo, an automotive-grade LiDAR sensor that offers a solution for all levels of autonomous driving, as well as an option to integrate the perception application in the LiDAR sensor; Innoviz360, a 360-degree LiDAR for automotive and non-automotive applications; and perception application, a software application that turns the InnovizOne LiDAR's raw point cloud data into perception outputs to provide scene perception and deliver an automotive-grade ASIL B(D) solution. It operates in Europe, Asia Pacific, the Middle East, Africa, and North America. Innoviz Technologies Ltd. was incorporated in 2016 and is headquartered in Rosh HaAyin, Israel.Show more
  • Revenue $24M +16.2%
  • EBITDA -$94M +23.7%
  • Net Income -$95M +23.2%
  • EPS (Diluted) -0.57 +32.1%
  • Gross Margin -4.78% +91.4%
  • EBITDA Margin -387.89% +34.4%
  • Operating Margin -419.97% +33.9%
  • Net Margin -390.46% +34.0%
  • ROE -81.61% -14.1%
  • ROIC -63% -4.4%
  • Debt/Equity 0.37 +76.8%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 72.8%

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Shares diluted 50.1% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y72.8%
3Y64.36%
TTM46.09%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM38.9%

EPS CAGR

10Y-
5Y-
3Y-
TTM45.95%

ROCE

10Y Avg-161.57%
5Y Avg-74.93%
3Y Avg-62.38%
Latest-71.2%

Peer Comparison

LiDAR & Sensing Systems
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
LAZRLuminar Technologies, Inc.5.92M0.08-0.018.05%-308.45%
FRSXForesight Autonomous Holdings Ltd.6.17M1.41-0.28-12.27%-26.52%-216.92%0.23
INVZInnoviz Technologies Ltd.233.84M1.12-1.9616.25%-134.46%-72.64%0.37
AEVAAeva Technologies, Inc.1.19B19.82-6.95110.23%-10.31%-470.41%0.04
HSAIHesai Group3.72B28.61-36.2210.66%15.64%4.86%0.19
LIDRAEye, Inc.91.91M2.04-453.33-86.2%-193.21%-44.97%0.28

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+62K1.57M-9.36M5.47M6.03M20.88M24.27M
Revenue Growth %-24.4%-6.95%1.58%0.1%2.46%0.16%
Cost of Goods Sold+53K1.99M6.41M10.49M14.79M32.49M25.43M
COGS % of Revenue0.85%1.26%-0.68%1.92%2.45%1.56%1.05%
Gross Profit+9K-411K-15.77M-5.02M-8.76M-11.61M-1.16M
Gross Margin %0.15%-0.26%1.68%-0.92%-1.45%-0.56%-0.05%
Gross Profit Growth %--46.67%-37.37%0.68%-0.75%-0.33%0.9%
Operating Expenses+56.27M69.05M66.21M152.63M124.58M120.99M100.76M
OpEx % of Revenue907.58%43.84%-7.07%27.92%20.67%5.8%4.15%
Selling, General & Admin7.95M9.67M9.18M59.3M29.48M28.31M26.94M
SG&A % of Revenue128.24%6.14%-0.98%10.85%4.89%1.36%1.11%
Research & Development48.32M59.38M57.03M93.34M95.11M92.68M73.82M
R&D % of Revenue779.34%37.7%-6.09%17.08%15.78%4.44%3.04%
Other Operating Expenses330K000000
Operating Income+-56.26M-69.46M-81.98M-157.65M-133.35M-132.6M-101.92M
Operating Margin %-907.44%-44.1%8.76%-28.84%-22.13%-6.35%-4.2%
Operating Income Growth %--0.23%-0.18%-0.92%0.15%0.01%0.23%
EBITDA+-55.6M-67.78M-79.32M-153.69M-125.88M-123.41M-94.13M
EBITDA Margin %-896.79%-43.04%8.47%-28.12%-20.89%-5.91%-3.88%
EBITDA Growth %--0.22%-0.17%-0.94%0.18%0.02%0.24%
D&A (Non-Cash Add-back)660K1.67M2.66M3.96M7.47M9.19M7.79M
EBIT-56.26M-69.46M-81.98M-157.65M-133.35M-132.6M-101.92M
Net Interest Income+-107K2.17M655K4.38M6.8M9.79M4.43M
Interest Income02.17M655K4.38M6.8M9.79M4.43M
Interest Expense107K000000
Other Income/Expense-107K2.17M655K4.38M6.8M9.79M7.33M
Pretax Income+-56.37M-67.29M-81.33M-153.28M-126.55M-122.81M-94.59M
Pretax Margin %-909.16%-42.72%8.69%-28.04%-21%-5.88%-3.9%
Income Tax+32K10K183K284K325K642K167K
Effective Tax Rate %1%1%1%1%1%1.01%1%
Net Income+-56.4M-67.3M-81.51M-153.56M-126.87M-123.45M-94.76M
Net Margin %-909.68%-42.73%8.7%-28.09%-21.05%-5.91%-3.9%
Net Income Growth %--0.19%-0.21%-0.88%0.17%0.03%0.23%
Net Income (Continuing)-56.4M-67.3M-81.51M-153.56M-126.87M-123.45M-94.76M
Discontinued Operations0000000
Minority Interest0000000
EPS (Diluted)+-0.43-15.61-4.29-1.49-0.94-0.84-0.57
EPS Growth %--35.3%0.73%0.65%0.37%0.11%0.32%
EPS (Basic)-0.43-15.61-4.29-1.49-0.94-0.84-0.57
Diluted Shares Outstanding129.82M4.31M19.01M102.86M135.22M147.48M221.38M
Basic Shares Outstanding129.82M4.31M19.01M102.86M135.22M147.48M221.38M
Dividend Payout Ratio-------

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+22.93M111.8M57.91M274.43M187.55M160.46M82.62M
Cash & Short-Term Investments18.56M107.51M49.95M265.73M178.08M145.37M67.95M
Cash Only18.56M72.79M49.95M23.64M55.72M26.28M25.36M
Short-Term Investments034.72M0242.09M122.36M119.08M42.58M
Accounts Receivable59K1.02M2.51M901K2.38M7.39M6.15M
Days Sales Outstanding347.34236.61-97.6860.17143.86129.392.53
Inventory1.14M1.34M2.16M4.26M4.24M1.87M1.91M
Days Inventory Outstanding7.86K246.46123.28148.12104.5420.9927.34
Other Current Assets2.81M1.16M2.83M1.71M1.53M4.33M5.75M
Total Non-Current Assets+7.8M12.06M14.65M52.79M67.88M58.78M49.43M
Property, Plant & Equipment7.16M11.34M13.24M14.5M57.42M51.26M46.63M
Fixed Asset Turnover0.01x0.14x-0.71x0.38x0.10x0.41x0.52x
Goodwill0000000
Intangible Assets0000000
Long-Term Investments637K0166K38.29M7.84M7.44M0
Other Non-Current Assets0725K1.24M02.62M84K2.8M
Total Assets+30.73M123.86M72.56M327.22M255.43M219.23M132.05M
Asset Turnover0.00x0.01x-0.13x0.02x0.02x0.10x0.18x
Asset Growth %-3.03%-0.41%3.51%-0.22%-0.14%-0.4%
Total Current Liabilities+21.92M14.7M17.79M21.66M32.43M37.23M27.77M
Accounts Payable9.4M7.14M7.75M5.76M8.37M8.04M8.81M
Days Payables Outstanding64.72K1.31K441.57200.6206.4990.28126.5
Short-Term Debt219K246K275K0000
Deferred Revenue (Current)95K463K1000K196K1000K1000K274K
Other Current Liabilities9.02M61K43K110K584K8.74M1.02M
Current Ratio1.05x7.61x3.25x12.67x5.78x4.31x2.98x
Quick Ratio0.99x7.51x3.13x12.47x5.65x4.26x2.91x
Cash Conversion Cycle-56.51K-830.08-415.977.6841.9160-6.63
Total Non-Current Liabilities+1.62M254.88M278.51M6.75M30.98M28.71M25.35M
Long-Term Debt366K2.33M2.22M0000
Capital Lease Obligations000030.2M28.48M25.26M
Deferred Tax Liabilities-1.25M000000
Other Non-Current Liabilities1.25M249.08M272.81M2.24M720K240K86K
Total Liabilities23.54M269.58M296.31M28.42M63.42M65.94M53.12M
Total Debt+585K2.57M2.5M033.92M32.51M29.59M
Net Debt-17.98M-70.22M-47.45M-23.64M-21.8M6.23M4.23M
Debt / Equity0.08x---0.18x0.21x0.37x
Debt / EBITDA-------
Net Debt / EBITDA-------
Interest Coverage-525.80x------
Total Equity+7.19M-145.71M-223.75M298.8M192.02M153.29M78.93M
Equity Growth %--21.26%-0.54%2.34%-0.36%-0.2%-0.49%
Book Value per Share0.06-33.79-11.772.901.421.040.36
Total Shareholders' Equity7.19M-145.71M-223.75M298.8M192.02M153.29M78.93M
Common Stock00139.75M0000
Retained Earnings-82.59M-149.89M-231.4M-384.96M-511.83M-635.29M-730.04M
Treasury Stock0000000
Accumulated OCI00-412.57M0000
Minority Interest0000000

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-39.38M-69.22M-61.94M-82.52M-93.41M-93.05M-76.95M
Operating CF Margin %-635.15%-43.95%6.61%-15.1%-15.5%-4.46%-3.17%
Operating CF Growth %--0.76%0.11%-0.33%-0.13%0%0.17%
Net Income-56.4M-67.3M-81.51M-153.56M-126.87M-123.45M-94.76M
Depreciation & Amortization660K1.67M2.66M3.96M7.47M9.19M7.24M
Stock-Based Compensation1.38M2.17M18M64.74M022.32M0
Deferred Taxes0000000
Other Non-Cash Items937K-729K-578K-1.87M19.42M-942K21.09M
Working Capital Changes14.05M-5.04M-509K4.21M6.57M-169K-10.54M
Change in Receivables-59K-1.06M-1.49M1.99M-1.25M-5.63M1.35M
Change in Inventory-1.14M-200K-823K-2.09M20K2.37M-37K
Change in Payables7.41M-2.25M606K-2M1.08M424K-72K
Cash from Investing+40.16M-40.57M29.59M-281.6M125.35M1.06M75.47M
Capital Expenditures-6.85M-5.85M-5.12M-3.78M-22.57M-6.58M-4.41M
CapEx % of Revenue110.53%3.71%-0.55%0.69%3.74%0.32%0.18%
Acquisitions-------
Investments-------
Other Investing7K0-9K56K-2.63M-40K-122K
Cash from Financing+594K163.12M8.94M337.18M609K61.86M224K
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing10K73K284K122.31M0456K0
Net Change in Cash-------
Free Cash Flow+-46.23M-75.08M-67.06M-86.31M-115.98M-99.63M-81.37M
FCF Margin %-745.68%-47.67%7.16%-15.79%-19.25%-4.77%-3.35%
FCF Growth %--0.62%0.11%-0.29%-0.34%0.14%0.18%
FCF per Share-0.36-17.41-3.53-0.84-0.86-0.68-0.37
FCF Conversion (FCF/Net Income)0.70x1.03x0.76x0.54x0.74x0.75x0.81x
Interest Paid29K94K89K94K000
Taxes Paid28K10K85K237K0703K0

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)-784.31%---409.18%-51.7%-71.5%-81.61%
Return on Invested Capital (ROIC)----5962.67%-44.91%-60.32%-63%
Gross Margin14.52%-26.1%168.42%-91.88%-145.44%-55.63%-4.78%
Net Margin-90967.74%-4273.08%870.47%-2809.35%-2105.41%-591.37%-390.46%
Debt / Equity0.08x---0.18x0.21x0.37x
Interest Coverage-525.80x------
FCF Conversion0.70x1.03x0.76x0.54x0.74x0.75x0.81x
Revenue Growth-2440.32%-694.54%158.37%10.25%246.43%16.25%

Revenue by Geography

20202021202220232024
EMEA-2.57M3.23M18.99M20.75M
EMEA Growth--25.49%488.71%9.32%
ISRAEL----2.13M
ISRAEL Growth-----
North America-2.36M2.06M1.5M1.19M
North America Growth---12.55%-27.45%-20.59%
Asia Pacific-538K739K394K192K
Asia Pacific Growth--37.36%-46.68%-51.27%
UNITED STATES14.8M----
UNITED STATES Growth-----
GERMANY3.63M----
GERMANY Growth-----

Frequently Asked Questions

Growth & Financials

Innoviz Technologies Ltd. (INVZ) reported $48.4M in revenue for fiscal year 2024. This represents a 78032% increase from $0.1M in 2018.

Innoviz Technologies Ltd. (INVZ) grew revenue by 16.2% over the past year. This is strong growth.

Innoviz Technologies Ltd. (INVZ) reported a net loss of $65.1M for fiscal year 2024.

Dividend & Returns

Innoviz Technologies Ltd. (INVZ) has a return on equity (ROE) of -81.6%. Negative ROE indicates the company is unprofitable.

Innoviz Technologies Ltd. (INVZ) had negative free cash flow of $61.0M in fiscal year 2024, likely due to heavy capital investments.

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