Invivyd (IVVD) financial statements
Invivyd reported revenue of $53M in fiscal 2025, up 110.5% a year over 1 years.
Net income was -$52M.
Free cash flow was -$58M.
The diluted share count rose 137041% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Invivyd's 10-K filings with the SEC.
| Fiscal year | 2021 | 2021 | 2021 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | $0 | $25M | $53M |
| Research and development | — | — | — | $183M | $179M | $159M | $137M | $38M |
| Selling, general and admin | — | — | — | $37M | $47M | $49M | $63M | $67M |
| Operating income | — | — | — | -$227M | -$248M | -$213M | -$177M | -$56M |
| Income tax | — | — | — | $0 | $0 | $0 | $0 | $0 |
| Net income | -$39M | -$83M | -$144M | -$227M | -$241M | -$199M | -$170M | -$52M |
| EPS (diluted) | — | — | — | -$5.32 | -$2.23 | -$1.81 | -$1.43 | -$0.30 |
| Diluted shares | — | 0M | 20M | 43M | 108M | 110M | 119M | 172M |
| Operating margin | — | — | — | — | — | — | -696.8% | -104.0% |
| Net margin | — | — | — | — | — | — | -669.4% | -98.2% |
Balance sheet
Fiscal years, from Invivyd's 10-K filings with the SEC.
| Fiscal year | 2021 | 2021 | 2021 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $91M | $393M | $478M | $542M | $92M | $201M | $69M | $227M |
| Receivables | — | — | — | — | — | $0 | $11M | $14M |
| Inventory | — | — | — | — | — | $0 | $26M | — |
| Total current assets | — | $396M | $680M | $617M | $377M | $225M | $101M | $247M |
| Property, plant and equipment | — | — | — | $83,000 | $2M | $2M | $2M | $1M |
| Total assets | — | $398M | $686M | $620M | $383M | $229M | $130M | $277M |
| Total current liabilities | — | $38M | $53M | $62M | $25M | $50M | $62M | $34M |
| Total liabilities | — | $38M | $53M | $62M | $27M | $52M | $62M | $35M |
| Shareholders' equity | -$103M | -$145M | $633M | $558M | $356M | $177M | $68M | $242M |
| Net debt | -$91M | -$393M | -$478M | -$542M | -$92M | -$201M | -$69M | -$227M |
Cash flow
Fiscal years, from Invivyd's 10-K filings with the SEC.
| Fiscal year | 2021 | 2021 | 2021 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | — | — | -$185M | -$220M | -$173M | -$170M | -$58M |
| Capital spending | — | — | — | $84,000 | $2M | $615,000 | $140,000 | $155,000 |
| Free cash flow | — | — | — | -$185M | -$222M | -$174M | -$171M | -$58M |
| Stock-based compensation | — | — | — | $18M | $22M | $19M | $20M | $12M |
| Share buybacks (net) | — | — | — | $0 | -$4,000 | -$1,000 | $0 | — |
| Free cash flow margin | — | — | — | — | — | — | -672.2% | -109.1% |
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Open IVVD in InvestinglyQuestions
What was Invivyd's revenue in 2025?
$53M in fiscal 2025, from its 10-K filing.
How much free cash flow does Invivyd generate?
-$58M in fiscal 2025 (operating cash flow minus capital spending).
From Invivyd's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.