NASDAQ · Financial Statements

INVE Technologies, Inc. (INVE) Financial Statements

$2.79 NASDAQ: INVE Market Cap $67.62M

INVE Technologies, Inc. most recently reported annual revenue of $21.0M, a net loss of $18.0M. Revenue declined at an average annual rate of 24.7% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

INVE Technologies, Inc.: Revenue fell from $56.0M in 2016 to $21.0M in 2025, a change of -62.5% over 9 years; net profit was positive in 2 of 10 reported years; operating margin moved from -20.0% to -96.0%, a shift of -76.0 percentage points; the most recent year shows a net loss of $18.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$56.0M$60.0M$78.0M$84.0M$87.0M$104.0M$113.0M$43.0M$27.0M$21.0M
Operating Expenses$67.0M$65.0M$80.0M$84.0M$90.0M$105.0M$113.0M$57.0M$55.0M$42.0M
Operating Profit$-11.0M$-5.0M$-2.0M$0$-3.0M$-1.0M$0$-14.0M$-28.0M$-21.0M
Operating Margin-20.0%-7.7%-2.4%-0.1%-4.0%-1.3%-0.3%-31.1%-105.0%-96.0%
Other Income$-2.0M$-4.0M$-3.0M$-1.0M$-2.0M$3.0M$0$0$2.0M$2.0M
Interest$2.0M$3.0M$2.0M$1.0M$1.0M$0$0$0$0$0
Depreciation$3.0M$3.0M$3.0M$4.0M$3.0M$2.0M$2.0M$3.0M$3.0M$2.0M
Profit Before Tax$-14.0M$-8.0M$-5.0M$-1.0M$-5.0M$2.0M$0$-14.0M$-26.0M$-18.0M
Tax$-970,000$2.6M$-3.4M$-39.5M$-1.4M$1.7M$-34.7M$-470,000$-350,000$1.5M
Net Profit$-14.0M$-8.0M$-5.0M$-1.0M$-5.0M$2.0M$0$-5.0M$75.0M$-18.0M
EPS$-1.25$-0.61$-0.30$-0.07$-0.34$0.02$-0.07$-0.29$3.14$-0.76
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$12.0M$29.0M$7.0M$7.0M$7.0M$7.0M$5.0M$5.0M$5.0M$6.0M$7.0M$6.0M
Operating Expenses$15.0M$31.0M$12.0M$13.0M$16.0M$13.0M$11.0M$11.0M$11.0M$10.0M$12.0M$11.0M
Operating Profit$-3.0M$-2.0M$-5.0M$-7.0M$-10.0M$-7.0M$-5.0M$-6.0M$-6.0M$-4.0M$-4.0M$-6.0M
Operating Margin-28.3%-5.6%-76.0%-99.7%-146.3%-98.9%-103.8%-126.7%-111.4%-69.2%-56.4%-97.0%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$-4.0M$-2.0M$-5.0M$-7.0M$-9.0M$-5.0M$-5.0M$-6.0M$-4.0M$-3.0M$-3.0M$-5.0M
Tax$-360,000$-6.9M$-110,000$70,000$-4.0M$6.0M$-60,000$-1.8M$19.7M$-14.5M$-150,000$-260,000
Net Profit$0$-2.0M$-5.0M$-6.0M$86.0M$0$-5.0M$-6.0M$-3.0M$-4.0M$-3.0M$-5.0M
EPS$-0.01$-0.08$-0.21$-0.27$3.62$-0.19$-0.21$-0.26$-0.14$-0.16$-0.15$-0.20

Over the 10 years reported for INVE Technologies, Inc., borrowings decreased from $10.0M in 2016 to $1.0M in 2025, cash stood at $129.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 15.89 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$41.0M$51.0M$66.0M$74.0M$79.0M$97.0M$103.0M$113.0M$163.0M$151.0M
Current Assets$32.0M$44.0M$42.0M$46.0M$53.0M$73.0M$75.0M$79.0M$153.0M$143.0M
Cash$9.0M$19.0M$11.0M$9.0M$11.0M$29.0M$17.0M$23.0M$136.0M$129.0M
Inventory$12.0M$11.0M$14.0M$16.0M$20.0M$20.0M$29.0M$13.0M$7.0M$7.0M
Receivables$9.0M$12.0M$15.0M$18.0M$19.0M$20.0M$25.0M$7.0M$4.0M$4.0M
Fixed Assets$2.0M$2.0M$3.0M$7.0M$6.0M$6.0M$11.0M$15.0M$10.0M$8.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$0$0$0$0$0$0
Other Assets$0$0$9.0M$10.0M$10.0M$10.0M$10.0M$10.0M$0$0
Total Liabilities$37.0M$28.0M$33.0M$39.0M$44.0M$22.0M$27.0M$39.0M$9.0M$11.0M
Current Liabilities$23.0M$21.0M$29.0M$34.0M$42.0M$21.0M$23.0M$31.0M$8.0M$9.0M
Borrowings$10.0M$3.0M$2.0M$19.0M$24.0M$2.0M$5.0M$12.0M$2.0M$1.0M
Other Liabilities$27.0M$25.0M$31.0M$20.0M$21.0M$20.0M$23.0M$26.0M$7.0M$10.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$4.0M$24.0M$34.0M$35.0M$34.0M$75.0M$75.0M$74.0M$154.0M$141.0M

For INVE Technologies, Inc., operating cash flow was positive in 2 of 10 reported years; free cash flow in the latest year was negative at $8.0M; free cash flow was positive in 0 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$-6.0M$-8.0M$-5.0M$0$-2.0M$1.0M$-8.0M$1.0M$-15.0M$-7.0M
Investing Cash Flow$-1.0M$-2.0M$-5.0M$-2.0M$-3.0M$-4.0M$-8.0M$-8.0M$140.0M$-2.0M
Financing Cash Flow$0$-1.0M$-1.0M$0$0$-1.0M$-1.0M$0$-4.0M$0
Net Cash Flow$-8.0M$10.0M$-8.0M$-1.0M$2.0M$18.0M$-13.0M$7.0M$112.0M$-7.0M
Free Cash Flow$-7.0M$-9.0M$-7.0M$0$-3.0M$-1.0M$-12.0M$-3.0M$-17.0M$-8.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.03
EV / EBITDA4.48
FCF Yield-16.40%
Quick Ratio19.04
Interest Coverage—
Return 1Y-9.95%
Return 3Y-64.02%
Return 5Y-79.34%

INVE Technologies, Inc. (INVE) financials — frequently asked questions

What is INVE Technologies, Inc.'s annual revenue?

INVE Technologies, Inc. (INVE) reported annual revenue of $21.0M in its most recent fiscal year.

What is INVE Technologies, Inc.'s net profit?

INVE Technologies, Inc. (INVE) reported a net loss of $18.0M in its most recent fiscal year.

What is INVE EV/EBITDA?

INVE Technologies, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 4.48.

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