Innoviva, Inc. (INVA) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2025)
INVA's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
INVA Revenue Analysis (2014–2025)
As of March 5, 2026, Innoviva, Inc. (INVA) generated trailing twelve-month (TTM) revenue of $414.8 million, reflecting exceptional growth of +28.6% year-over-year. The most recent quarter (Q4 2025) recorded $118.0 million in revenue, up 9.5% sequentially.
Looking at the longer-term picture, INVA's 5-year compound annual growth rate (CAGR) stands at +4.8%, indicating moderate growth over time. The company achieved its highest annual revenue of $425.1 million in 2025, representing a new all-time high.
Revenue diversification analysis shows INVA's business is primarily driven by Royalty (57%), Product (42%), and License And Other Revenue (1%). With over half of revenue concentrated in Royalty, the company maintains significant focus in this area while developing other growth vectors.
When compared to Healthcare sector peers including RPRX (+3.7% YoY), LGND (+64.8% YoY), and BTX, INVA has underperformed the peer group in terms of revenue growth. Compare INVA vs RPRX →
Peer Comparison
Compare INVA's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| INVACurrent | $415M | +28.6% | +4.8% | 38.5% | |
 RPRX | $2.4B | +3.7% | +2.3% | 65.6% | |
 LGND | $167M | +64.8% | +6.8% | -13.5% | |
 BTX | $41M | - | - | 87.7% | |
 XOMAP | $28M | +118.0% | +9.2% | -140.3% | |
 XOMA | $28M | +191.2% | +9.2% | -140.3% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $425.1M | +18.5% | $307.5M | 72.3% | $163.7M | 38.5% |
| 2024 | $358.7M | +15.5% | $322.1M | 89.8% | $166.9M | 46.5% |
| 2023 | $310.5M | -6.3% | $267.8M | 86.3% | $113.9M | 36.7% |
| 2022 | $331.3M | -15.4% | $317.5M | 95.8% | $-36,946,000 | -11.2% |
| 2021 | $391.9M | +16.4% | $391.9M | 100.0% | $375.1M | 95.7% |
| 2020 | $336.8M | +29.0% | $336.8M | 100.0% | $321.1M | 95.3% |
| 2019 | $261.0M | +0.0% | $261.0M | 100.0% | $246.4M | 94.4% |
| 2018 | $261.0M | +20.2% | $261.0M | 100.0% | $238.3M | 91.3% |
| 2017 | $217.2M | +62.6% | $215.9M | 99.4% | $183.6M | 84.5% |
| 2016 | $133.6M | +147.6% | $132.2M | 99.0% | $109.0M | 81.6% |
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Start ComparisonFrequently Asked Questions
Is INVA's revenue growth accelerating or slowing?
INVA revenue is accelerating at +28.6% year-over-year, exceeding the 5-year CAGR of +4.8%. TTM revenue reached $415M. Growth momentum has increased versus prior periods.
What is INVA's long-term revenue growth rate?
Innoviva, Inc.'s 5-year revenue CAGR of +4.8% reflects the sustained expansion pattern. Current YoY growth of +28.6% is above this long-term average.
How is INVA's revenue distributed by segment?
INVA reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.