INVZ Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $0.36
Market Cap $77M
P/E -1.1
EPS $-0.34
Revenue $55M
ROE -86.6%
52W Range $0–$3

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10-Year Performance Revenue, net income, margins and EPS trends

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Revenue$55M
2018-12-31 → 2025-12-31
EPS$-0.34
2020-12-31 → 2025-12-31
Free Cash Flow$-52M
2020-12-31 → 2025-12-31
Net margin-123.1%
2020-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend INVZ 5Y avg Peer Median Verdict
P/E -1.15Y avg ≈-3.4 ≈-3.4 · ·
P/S 1.45Y avg ≈55.9 ≈55.9 9.3 Undervalued
P/B 1.05Y avg ≈2.9 ≈2.9 2.8 Undervalued
Price / FCF -1.55Y avg ≈-5.1 ≈-5.1 · ·
Price / Cash Flow -1.65Y avg ≈-5.6 ≈-5.6 · ·
Price / Tangible Book 1.05Y avg ≈2.9 ≈2.9 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

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Avg Surprise -6.6%
Next Report Nov 10, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 12, 2026 $-0.08 $-0.08 2.0%
March 31, 2026 May 14, 2026 $-0.12 $-0.09 -38.4%
Dec. 31, 2025 $-0.10 $-0.08 -30.7%
Sept. 30, 2025 $-0.08 $-0.08 -2.3%
June 30, 2025 $-0.09 $-0.09 2.0%
March 31, 2025 $-0.07 $-0.10 27.8%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

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Income Statement 16
Metric Trend 2025202420232022202120202019
Revenue $55M$24M$21M$6M$5M$-9M$2M
Cost of Revenue $42M$25M$32M$15M$10M$6M$2M
Gross Profit $13M$-1M$-12M$-9M$-5M$-16M$-411.0K
R&D Expense $56M$74M$93M$95M$93M$57M$59M
SG&A Expense $18M$19M$20M$19M$36M$4M$3M
Operating Expenses $81M$101M$121M$125M$153M$66M$69M
Operating Income $-68M$-102M$-133M$-133M$-158M$-82M$-69M
Interest Income ·$5M$6M$2M···
Pretax Income $-68M$-95M$-123M$-127M$-153M$-81M$-67M
Income Tax $171.0K$167.0K$642.0K$325.0K$284.0K$183.0K$10.0K
Net Income $-68M$-95M$-123M$-127M$-154M$-82M$-67M
EPS (Basic) $-0.34$-0.57$-0.84$-0.94$-1.54$-5.99·
EPS (Diluted) $-0.34$-0.57$-0.84$-0.94$-1.54$-5.99·
Shares (Basic) 199,895,238167,216,070147,480,521135,224,312102,859,89116,514,910·
Shares (Diluted) 199,895,238167,216,070147,480,521135,224,312···
EBITDA $-62M$-94M$-123M$-126M$-154M$-79M·
Balance Sheet 23
Metric Trend 2025202420232022202120202019
Cash & Equivalents $9M$25M$26M$56M$24M$50M$73M
Short-term Investments $9M$12M$13M$42M$12M$0·
Receivables $10M$6M$7M$2M$513.0K$3M$1M
Inventory $3M$2M$2M$4M$4M$2M$1M
Prepaid Expense $5M$7M$6M$3M$3M$3M$2M
Current Assets $90M$83M$160M$188M$274M$58M$112M
PP&E (Net) $20M$23M$26M$30M$15M$13M$11M
PP&E (Gross) $41M$39M$43M$40M$22M$18M$14M
Accum. Depreciation $21M$16M$17M$10M$8M$5M$2M
Other Non-current Assets $89.0K$79.0K$84.0K$81.0K$0$537.0K$98.0K
Total Assets $138M$132M$219M$255M$327M$73M$124M
Accounts Payable $9M$9M$8M$8M$6M$8M$7M
Accrued Liabilities $5M$5M$8M$6M$5M$3M$3M
Current Liabilities $31M$28M$37M$32M$22M$18M$15M
Capital Leases $29M$25M$28M$30M$0··
Other Non-current Liabilities ···$0$597.0K$0·
Long-term Debt ·····$2M$3M
Total Debt ····$0$2M·
Common Stock $0$0$0$0$0$0·
Retained Earnings $-798M$-730M$-635M$-512M$-385M$-231M$-150M
Stockholders' Equity $78M$79M$153M$192M$299M$-224M$-146M
Liabilities + Equity $138M$132M$219M$255M$327M$73M$124M
Shares Outstanding 214,090,980169,397,030165,387,098136,185,264134,098,12016,948,22615,855,287
Cash Flow 11
Metric Trend 2025202420232022202120202019
D&A $6M$8M$9M$7M$4M$3M$2M
Stock-based Comp $16M$20M$22M$19M$65M$3M$2M
Other Non-cash $-2M$-10M$-1M$7M$2M$14M·
Operating Cash Flow $-48M$-77M$-93M$-93M$-83M$-62M$-69M
CapEx $4M$4M$7M$23M$4M$5M$6M
Investing Cash Flow $-21M$75M$1M$125M$-282M$30M$-41M
Debt Issued ····$0$0$2M
Net Debt Issued ··$0$0$-3M$-277.0K·
Financing Cash Flow $51M$224.0K$62M$609.0K$337M$9M$163M
Net Change in Cash $-17M$-955.0K$-30M$31M$-26M$-23M$54M
Free Cash Flow $-52M$-81M$-100M$-116M$-86M$-67M·
Profitability 8
Metric Trend 2025202420232022202120202019
Gross Margin 23.4%-4.8%-55.6%-145.4%-91.9%168.4%·
Operating Margin -123.0%-420.0%-635.2%-2212.9%-2884.2%875.5%·
Net Margin -123.1%-390.5%-591.4%-2105.4%-2809.3%870.5%·
Pretax Margin -122.8%-389.8%-588.3%-2100.0%-2804.2%868.5%·
EBITDA Margin -112.3%-387.9%-591.2%-2088.9%-2811.8%847.1%·
ROA -50.1%-53.9%-52.0%-43.5%-76.8%-83.0%·
ROE -86.6%-81.6%-71.5%-51.7%-409.2%44.1%·
ROIC -87.4%-129.4%-87.0%-69.6%-52.9%37.1%·
Liquidity & Solvency 4
Metric Trend 2025202420232022202120202019
Current Ratio 2.93.04.35.812.73.3·
Quick Ratio 0.91.61.33.11.72.9·
Debt / Equity ····0.0-0.0·
LT Debt / Equity ····0.0-0.0·
Efficiency 3
Metric Trend 2025202420232022202120202019
Asset Turnover 0.40.10.10.00.0-0.1·
Inventory Turnover 16.113.510.63.53.33.7·
Receivables Turnover 6.93.64.65.33.6-5.3·
Per Share 5
Metric Trend 2025202420232022202120202019
Book Value / Share $0.36$0.47$0.93$1.41$2.23$-13.20·
Revenue / Share $0.28$0.15·····
Cash Flow / Share $-0.24$-0.46·····
Cash / Share $0.04$0.15$0.16$0.41$0.18$2.95·
EPS (TTM) $-0.34$-0.57$-0.84$-0.94$-1.54$-5.99·
Valuation (TTM) 14
Metric Trend 2025202420232022202120202019
Revenue TTM $55M$24M$21M$6M$5M$-9M·
Net Income TTM $-68M$-95M$-123M$-127M$-154M$-82M·
Market Cap $183M$285M$418M$535M$850M$242M·
Enterprise Value ····$815M$195M·
P/E -2.5-2.9-3.0-4.2-4.1-2.4·
P/S 3.311.720.088.8155.5-25.9·
P/B 2.33.62.72.82.8-1.1·
P / Tangible Book 2.33.62.72.82.8··
P / Cash Flow -3.8-3.7-4.5-5.7-10.3-3.9·
P / FCF -3.5-3.5-4.2-4.6-9.9-3.6·
EV / EBITDA ····-5.3-2.5·
EV / FCF ····-9.4-2.9·
EV / Revenue ····149.1-20.8·
Earnings Yield -39.9%-33.9%-33.2%-23.9%-24.3%-41.9%·

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

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Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $55M $24M $21M $6M $5M
Gross Margin % 23.4% -4.8% -55.6% -145.4% -91.9%
Operating Margin % -123.0% -420.0% -635.2% -2212.9% -2884.2%
Net Income $-68M $-95M $-123M $-127M $-154M
Diluted EPS $-0.34 $-0.57 $-0.84 $-0.94 $-1.54

Institutional owners (13F) 110 filers · $27.4M total · As of June 30, 2026

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Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 110
Value held $27.4M
New positions 13
Exited positions 14
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
13 (-2 vs prior Q) 14 (-13 vs prior Q) 25 (-1 vs prior Q) 24 (-10 vs prior Q) -7.3M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Aquamarine Financial (Cayman) Ltd $4,436,996 5,828,949 16.21% Shares
NEUBERGER BERMAN GROUP LLC $3,260,345 4,377,934 11.91% Shares
RENAISSANCE TECHNOLOGIES LLC $2,914,268 3,828,518 10.65% Shares
UBS Group AG $2,759,459 3,626,095 10.08% Shares
HITE Hedge Asset Management LLC $2,681,616 3,522,880 9.80% Shares
Phoenix Financial Ltd. $2,573,037 3,380,238 9.40% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $933,394 1,226,214 3.41% Shares
STATE STREET CORP $821,420 1,079,112 3.00% Shares
XTX Topco Ltd $410,075 538,722 1.50% Shares
Summit X, LLC $392,484 239,319 1.43% Shares
SONA ASSET MANAGEMENT (US) LLC $377,974 496,550 1.38% Shares
CITADEL ADVISORS LLC $368,878 484,600 1.35% Call option
Cubist Systematic Strategies, LLC $353,522 173,295 1.29% Shares
Qube Research & Technologies Ltd $337,170 442,946 1.23% Shares
SBI Securities Co., Ltd. $319,091 419,195 1.17% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $298,832 393,200 1.09% Call option
WOLVERINE TRADING, LLC $298,760 154,000 1.09% Call option
JANE STREET GROUP, LLC $291,311 382,700 1.06% Call option
GEODE CAPITAL MANAGEMENT, LLC $276,065 362,672 1.01% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $232,712 306,200 0.85% Put option
Toroso Investments, LLC $228,281 267,590 0.83% Shares
Cresset Asset Management, LLC $165,947 218,007 0.61% Shares
GROUP ONE TRADING LLC $156,427 205,501 0.57% Shares
PNC Financial Services Group, Inc. $152,307 200,140 0.56% Shares
Arax Advisory Partners $142,239 186,862 0.52% Shares
WOLVERINE TRADING, LLC $138,322 71,300 0.51% Put option
MILLENNIUM MANAGEMENT LLC $133,667 175,600 0.49% Shares
CITADEL ADVISORS LLC $132,220 173,700 0.48% Put option
COMMONWEALTH EQUITY SERVICES, LLC $116,700 153,304 0.43% Shares
Koshinski Asset Management, Inc. $114,180 150,000 0.42% Shares
NLB Skladi, upravljanje premozenja, d.o.o. $114,180 150,000 0.42% Shares
TWO SIGMA ADVISERS, LP $113,889 133,500 0.42% Shares
SCOTIA CAPITAL INC. $112,384 147,680 0.41% Shares
Invesco Ltd. $104,981 137,915 0.38% Shares
WOLVERINE TRADING, LLC $99,966 51,529 0.37% Shares
Greystone Financial Group, LLC $76,120 100,000 0.28% Shares
Scientech Research LLC $62,704 82,375 0.23% Shares
JONES FINANCIAL COMPANIES LLLP $44,955 78,731 0.16% Shares
WMG Financial Advisors, LLC $44,035 57,850 0.16% Shares
Engineers Gate Manager LP $39,668 52,112 0.14% Shares
ELEVATION POINT WEALTH PARTNERS, LLC $39,582 52,000 0.14% Shares
Vestmark Advisory Solutions, Inc. $39,582 52,000 0.14% Shares
CITADEL ADVISORS LLC $38,372 50,410 0.14% Shares
O'ROURKE & COMPANY, Inc $38,140 50,105 0.14% Shares
TWO SIGMA SECURITIES, LLC $37,698 49,525 0.14% Shares
Vanguard Personalized Indexing Management, LLC $32,663 42,910 0.12% Shares
ENVESTNET ASSET MANAGEMENT INC $30,520 40,094 0.11% Shares
SORA INVESTORS LLC $30,106 39,551 0.11% Shares
MORGAN STANLEY $29,382 38,599 0.11% Shares
Forefront Wealth Partners, LLC $26,066 34,243 0.10% Shares

Show all 110 institutional owners →

Company insiders 14 insiders · 1 officers · 9 directors

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Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Omer David Keilaf Chief Executive Officer July 7, 2026 J 2,826,531 0 0 $0
Alexander Reymar Karl-Wilhelm Von Witzleben Director May 13, 2026 A 296,768 0 0 $0
Aharon Aharon Director May 13, 2026 A 344,997 0 0 $0
Dan Michael Falk Director May 13, 2026 A 344,997 0 0 $0
Orit Stav Director May 13, 2026 A 344,997 0 0 $0
Shenaar Ronit Maor Director May 13, 2026 A 344,997 0 0 $0
James J. Sheridan III Director May 13, 2026 A 427,397 0 0 $0
Amichai Steimberg Director May 13, 2026 A 989,336 0 0 $0
Stefan Jacoby Director May 13, 2026 A 291,994 0 0 $0
Even Yoav Har · Aug. 4, 2026 A 90,162 0 0 $0
Ido Luski · Aug. 4, 2026 A 393,701 0 0 $0
Avishay Ben Moscovici · Aug. 4, 2026 A 397,001 0 0 $0
Elad Ben Hofstetter · Aug. 4, 2026 A 286,256 0 0 $0
Eldar Mordechay Cegla · Aug. 4, 2026 A 537,237 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 1 ETF

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
QQQS · Invesco Exchange-Traded Fund Trust … 0.54% 347,025 SH Oct. 2, 2026 Daily

INVZ Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

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rating · 8 analysts BUY
Median target $0.50 +38.3%
2 25.0% Strong Buy
4 50.0% Buy
2 25.0% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

1 analysts · 2026-10-03

Mean target $0.50 +38.3%

Low$0.50 Mean$0.50 High$0.50

Peer comparison (GICS sub-industry) Key metrics vs sector peers

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FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
INVZ $183M -2.5 · -123.1% -86.6% 23.4%
ARBE $129M -2.8 · -4524.5% -149.6% -78.2%
SPCB $49M 12.1 · 13.4% 13.6% 55.2%
PRZO $16M 2.6 · -517.1% -380.5% 4.8%

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Source: SEC 20-F filed Mar 4, 2026