What is Identiv's operating income?

Identiv's total operating income in 2025 was -$22.15 million, based on the following breakdown: Total Gross Profit: $1.31 million Total Operating Expenses: $23.45 million

Identiv (INVE) Financials

$2.64 -0.06 (-2.22%)

Closing price 04:00 PM Eastern

Extended Trading

$2.63 -0.01 (-0.38%)

As of 07:34 PM Eastern

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Annual Income Statements for Identiv

This table shows Identiv's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-39	-14	-8.14	-4.71	-1.15	-5.11	1.62	-0.39	-5.49	75	-18
Consolidated Net Income / (Loss)	-39	-14	-8.15	-4.70	-1.15	-5.11	1.62	-0.39	-5.49	75	-18
Net Income / (Loss) Continuing Operations	-39	-14	-8.15	-4.70	-1.15	-5.11	1.62	-0.39	-14	-26	-18
Total Pre-Tax Income	-39	-14	-8.37	-4.55	-0.83	-5.03	1.65	-0.29	-14	-26	-18
Total Operating Income	-36	-11	-4.63	-1.87	-0.11	-3.45	-1.35	-0.33	-14	-28	-22
Total Gross Profit	23	24	22	33	37	34	37	41	6.01	0.34	1.31
Total Revenue	61	56	60	78	84	87	104	113	43	27	21
Operating Revenue	61	56	60	78	84	87	104	113	43	27	21
Total Cost of Revenue	38	32	38	45	47	53	67	72	37	26	20
Operating Cost of Revenue	38	32	38	45	47	53	67	72	37	26	20
Total Operating Expenses	59	35	27	35	37	37	38	41	20	28	23
Selling, General & Admin Expense	20	11	7.24	11	9.45	8.62	12	10	9.33	18	13
Marketing Expense	20	14	13	16	18	17	17	21	5.63	5.73	5.58
Research & Development Expense	9.15	6.52	6.15	7.24	8.62	9.78	8.67	9.92	4.40	3.89	3.28
Restructuring Charge	1.27	3.09	-0.05	0.75	0.01	1.72	0.82	0.20	0.16	0.54	1.52
Total Other Income / (Expense), net	-3.12	-2.35	-3.74	-2.68	-0.72	-1.58	3.00	0.04	-0.31	2.14	3.88
Interest & Investment Income	-1.91	-2.38	-2.59	-1.52	-0.78	-1.46	0.13	-0.11	-0.30	1.35	5.02
Other Income / (Expense), net	-1.21	0.03	-0.36	0.20	0.06	-0.12	-0.08	0.16	-0.01	0.79	-1.15
Income Tax Expense	0.22	0.13	-0.21	0.16	0.33	0.07	0.03	0.10	0.07	0.09	-0.27
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	-	8.39	101	0.00
Basic Earnings per Share	($3.62)	($1.25)	($0.61)	($0.35)	($0.13)	($0.34)	$0.02	($0.07)	($0.29)	$3.14	($0.79)
Weighted Average Basic Shares Outstanding	10.81M	10.92M	13.27M	15.65M	16.98M	17.98M	21.34M	22.66M	23.07M	23.58M	23.78M
Diluted Earnings per Share	($3.62)	($1.25)	($0.61)	($0.35)	($0.13)	($0.34)	$0.02	($0.07)	($0.29)	$3.14	($0.79)
Weighted Average Diluted Shares Outstanding	10.81M	10.92M	13.27M	15.65M	16.98M	17.98M	22.27M	22.66M	23.07M	23.58M	23.78M
Weighted Average Basic & Diluted Shares Outstanding	10.81M	10.92M	13.27M	15.65M	16.98M	17.98M	22.30M	22.67M	23.33M	23.52M	23.95M

This table shows Identiv's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-0.02	-1.60	-4.56	-6.22	86	-0.36	-4.79	-6.04	-3.45	-3.72	-3.45
Consolidated Net Income / (Loss)	-0.02	-1.60	-4.56	-6.22	86	-0.36	-4.79	-6.04	-3.45	-3.72	-3.45
Net Income / (Loss) Continuing Operations	-3.66	-4.05	-5.38	-6.92	-9.33	-4.28	0.00	-6.04	-3.45	-3.72	0.00
Total Pre-Tax Income	-3.65	-4.02	-5.38	-6.93	-8.97	-4.55	-4.79	-5.94	-4.30	-3.25	-3.44
Total Operating Income	-3.32	-4.13	-5.06	-6.72	-9.55	-6.63	-5.47	-6.39	-5.58	-4.71	-4.20
Total Gross Profit	1.32	-6.15	0.48	0.61	0.24	-1.00	0.13	-0.47	0.53	1.12	1.29
Total Revenue	12	-5.76	6.66	6.74	6.53	6.70	5.27	5.04	5.01	6.17	7.41
Operating Revenue	12	-5.76	6.66	6.74	6.53	6.70	5.27	5.04	5.01	6.17	7.41
Total Cost of Revenue	10	0.39	6.18	6.13	6.29	7.69	5.14	5.51	4.48	5.05	6.12
Operating Cost of Revenue	10	0.39	6.18	6.13	6.29	7.69	5.14	5.51	4.48	5.05	6.12
Total Operating Expenses	4.64	-2.03	5.55	7.33	9.79	5.63	5.60	5.91	6.12	5.82	5.50
Selling, General & Admin Expense	2.22	2.01	3.48	4.54	7.03	3.10	3.15	3.06	3.52	3.35	3.12
Marketing Expense	1.40	-3.48	1.17	1.83	1.66	1.07	1.41	1.55	1.37	1.26	1.35
Research & Development Expense	1.02	-0.48	0.90	0.97	1.10	0.92	0.79	0.89	0.83	0.77	1.00
Restructuring Charge	0.00	-0.08	0.00	0.00	0.00	0.54	0.26	0.42	0.40	0.44	0.02
Total Other Income / (Expense), net	-0.33	0.11	-0.31	-0.21	0.58	2.08	0.68	0.45	1.28	1.46	0.76
Interest & Investment Income	-0.08	-0.08	-0.09	-0.15	0.24	1.34	1.21	1.32	1.31	1.18	1.05
Other Income / (Expense), net	-0.25	0.18	-0.23	-0.06	0.34	0.73	-0.53	-0.87	-0.03	0.28	-0.29
Income Tax Expense	0.01	0.03	0.01	-0.01	0.36	-0.27	0.00	0.11	-0.85	0.47	0.01
Basic Earnings per Share	($0.01)	($0.09)	($0.21)	($0.27)	$3.62	-	($0.21)	($0.26)	($0.15)	($0.17)	($0.15)
Weighted Average Basic Shares Outstanding	23.17M	23.07M	23.37M	23.46M	23.66M	23.58M	23.60M	23.76M	23.85M	23.78M	24.04M
Diluted Earnings per Share	($0.01)	($0.09)	($0.21)	($0.27)	$3.62	-	($0.21)	($0.26)	($0.15)	($0.17)	($0.15)
Weighted Average Diluted Shares Outstanding	23.17M	23.07M	23.37M	23.46M	23.66M	23.58M	23.60M	23.76M	23.85M	23.78M	24.04M
Weighted Average Basic & Diluted Shares Outstanding	23.17M	23.33M	23.38M	23.48M	23.89M	23.52M	23.62M	23.72M	23.75M	23.95M	24.01M

This table details how cash moves in and out of Identiv's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-20	-7.55	9.94	-7.76	-1.28	2.03	18	-13	7.25	112	-7.04
Net Cash From Operating Activities	-23	-6.22	-7.71	-5.20	0.43	-1.77	1.23	-7.81	1.16	-15	-6.70
Net Cash From Continuing Operating Activities	-23	-6.22	-7.71	-5.20	0.43	-1.77	1.23	-7.81	1.16	-15	-6.70
Net Income / (Loss) Continuing Operations	-39	-14	-8.15	-4.70	-1.15	-5.11	1.62	-0.39	-5.49	75	-18
Consolidated Net Income / (Loss)	-39	-14	-8.15	-4.70	-1.15	-5.11	1.62	-0.39	-5.49	75	-18
Depreciation Expense	3.15	3.17	2.75	3.17	3.58	3.31	1.97	2.27	2.73	2.87	2.03
Amortization Expense	0.41	0.81	0.81	0.34	0.05	0.50	0.11	0.00	0.04	1.59	0.42
Non-Cash Adjustments To Reconcile Net Income	14	3.57	3.57	4.24	3.25	4.16	1.94	3.20	3.84	-94	4.64
Changes in Operating Assets and Liabilities, net	-1.33	-0.07	-6.69	-8.24	-5.31	-4.63	-4.41	-13	0.03	-0.84	4.21
Net Cash From Investing Activities	-0.34	-0.55	-0.97	-3.37	-1.48	-1.56	-1.48	-3.87	-4.15	141	-0.81
Net Cash From Continuing Investing Activities	-0.34	-0.55	-0.97	-3.37	-1.48	-1.56	-1.48	-3.87	-4.15	141	-0.81
Purchase of Property, Plant & Equipment	-0.34	-0.55	-0.97	-1.35	-0.29	-1.56	-2.09	-3.90	-4.28	-1.49	-1.11
Divestitures	-	-	-	-	-	-	-	-	0.00	143	0.00
Sale and/or Maturity of Investments	-	-	-	-	0.14	0.00	0.61	0.03	0.13	0.00	0.30
Net Cash From Financing Activities	2.13	-0.22	18	0.81	-0.23	4.85	19	-1.04	10	-14	-0.43
Net Cash From Continuing Financing Activities	2.13	-0.22	18	0.81	-0.23	4.85	19	-1.04	10	-14	-0.43
Repayment of Debt	-	-	-59	-28	-5.61	-6.13	-21	0.00	-14	-20	0.00
Repurchase of Common Equity	-1.92	-	-	-	-	-	-	-	0.00	-1.88	0.00
Issuance of Debt	4.00	-	53	22	6.26	7.86	3.96	0.00	24	9.89	0.00
Issuance of Common Equity	0.05	-	13	-	-	0.00	38	0.00	0.00	0.00	0.00
Other Financing Activities, net	-	-0.22	-0.78	-0.66	-0.88	3.12	-0.90	-1.04	0.17	-1.64	-0.43
Effect of Exchange Rate Changes	1.33	-0.56	0.66	-	-	0.50	-0.70	0.05	0.17	-0.86	0.91
Cash Interest Paid	1.40	1.62	2.66	1.79	0.86	0.95	0.34	0.01	0.45	0.32	0.00
Cash Income Taxes Paid	0.10	0.17	0.14	0.18	0.22	0.11	0.07	0.09	0.12	4.18	-1.91

This table details how cash moves in and out of Identiv's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-1.28	3.46	-1.95	-3.43	127	-9.80	-3.26	-3.04	-3.07	2.34	-4.08
Net Cash From Operating Activities	-0.32	4.77	-1.30	-0.99	-7.22	-5.92	-3.28	-3.57	-2.88	3.03	-2.84
Net Cash From Continuing Operating Activities	-0.32	4.77	-1.30	-0.99	-7.22	-5.92	-3.28	-3.57	-2.88	3.03	-2.84
Net Income / (Loss) Continuing Operations	-0.02	-1.60	-4.56	-6.22	86	-0.36	-4.79	-6.04	-3.45	-3.72	-3.45
Consolidated Net Income / (Loss)	-0.02	-1.60	-4.56	-6.22	86	-0.36	-4.79	-6.04	-3.45	-3.72	-3.45
Depreciation Expense	0.73	0.73	0.79	0.74	0.65	0.69	0.49	0.49	0.53	0.51	0.54
Amortization Expense	0.01	0.02	0.03	0.57	0.69	0.30	0.16	0.15	0.08	0.03	0.12
Non-Cash Adjustments To Reconcile Net Income	0.86	1.00	1.48	1.02	-94	-2.28	1.03	1.02	1.03	1.56	0.62
Changes in Operating Assets and Liabilities, net	-1.90	4.63	0.97	2.90	-0.42	-4.28	-0.18	0.83	-1.08	4.64	-0.67
Net Cash From Investing Activities	-0.58	-1.15	-0.23	-0.14	143	-1.03	-0.30	-0.25	-0.05	-0.20	-0.88
Net Cash From Continuing Investing Activities	-0.58	-1.15	-0.23	-0.14	143	-1.03	-0.30	-0.25	-0.05	-0.20	-0.88
Purchase of Property, Plant & Equipment	-0.71	-1.15	-0.23	-0.14	-0.51	-0.62	-0.30	-0.25	-0.35	-0.20	-0.88
Net Cash From Financing Activities	-0.16	-0.39	-0.36	-2.30	-9.06	-1.92	-0.17	-0.19	-0.04	-0.03	-0.35
Net Cash From Continuing Financing Activities	-0.16	-0.39	-0.36	-2.30	-9.06	-1.92	-0.17	-0.19	-0.04	-0.03	-0.35
Other Financing Activities, net	-0.13	-0.38	-0.28	-0.26	-1.06	-0.04	-0.17	-0.19	-0.04	-0.03	-0.35
Effect of Exchange Rate Changes	-0.22	0.22	-0.06	-0.01	0.13	-0.93	0.49	0.96	-0.09	-0.45	-0.02
Cash Income Taxes Paid	0.00	0.07	0.02	0.03	1.69	2.43	0.06	0.10	0.03	-2.10	0.01

This table presents Identiv's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	53	41	51	66	74	79	97	103	110	163	151
Total Current Assets	41	32	44	42	46	53	73	75	79	153	143
Cash & Equivalents	17	9.12	19	11	9.38	11	29	17	23	136	129
Restricted Cash	-	-	-	-	-	0.00	1.25	0.49	1.07	0.30	0.30
Accounts Receivable	7.92	9.43	12	15	18	19	20	25	7.17	4.21	4.07
Inventories, net	15	12	11	14	16	20	20	29	13	7.48	7.42
Prepaid Expenses	1.52	1.51	1.78	2.74	2.29	2.81	3.03	4.18	2.17	5.21	2.27
Other Current Nonoperating Assets	-	-	-	-	-	-	-	-	33	-	0.00
Plant, Property, & Equipment, net	4.22	2.42	2.04	2.62	2.04	2.83	4.07	6.72	8.47	7.69	7.32
Total Noncurrent Assets	8.40	6.53	5.08	21	26	22	20	21	22	2.69	1.36
Goodwill	-	-	-	9.29	10	10	10	10	0.00	0.00	0.00
Intangible Assets	7.28	5.82	4.37	11	10	7.56	6.45	5.27	0.00	0.00	0.00
Other Noncurrent Operating Assets	1.13	0.71	0.72	1.22	5.75	4.58	3.16	5.49	2.97	2.69	1.36
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	-	-	19	0.00	0.00
Total Liabilities & Shareholders' Equity	53	41	51	66	74	79	97	103	110	163	151
Total Liabilities	39	37	28	33	39	44	22	27	35	9.16	11
Total Current Liabilities	16	23	21	29	34	42	21	23	31	7.96	9.39
Short-Term Debt	0.68	0.79	9.83	14	14	20	-	0.00	9.95	-	0.00
Accounts Payable	6.28	6.02	5.86	5.65	8.80	11	11	15	5.45	2.75	3.62
Accrued Expenses	5.84	5.03	2.02	5.28	4.50	3.24	3.77	2.15	0.92	2.33	1.62
Current Deferred Revenue	1.52	1.09	0.90	2.17	2.19	1.98	2.15	2.07	0.00	0.00	2.76
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	0.10	1.17	0.29
Current Employee Benefit Liabilities	1.91	1.52	1.52	1.79	1.67	2.99	3.15	2.76	1.38	0.86	0.78
Other Current Liabilities	-	8.12	0.89	1.03	3.13	2.32	1.27	1.19	0.78	0.85	0.33
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	-	12	-	0.00
Total Noncurrent Liabilities	23	14	6.49	3.13	4.38	2.92	1.30	3.98	4.67	1.20	1.24
Noncurrent Deferred Revenue	-	-	0.19	0.64	0.64	0.39	0.28	0.59	0.00	-	0.00
Other Noncurrent Operating Liabilities	0.51	0.34	3.38	2.49	3.74	2.53	1.02	3.39	1.53	1.20	1.24
Other Noncurrent Nonoperating Liabilities	-	-	-	-	-	-	-	-	3.14	-	0.00
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	14	3.93	24	34	35	34	75	75	74	154	141
Total Preferred & Common Equity	14	4.11	24	34	35	34	75	75	74	154	141
Preferred Stock	0.00	-	-	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Total Common Equity	14	4.11	24	34	35	34	75	75	74	154	141
Common Stock	396	400	428	444	448	452	493	496	501	510	513
Retained Earnings	-378	-392	-400	-404	-406	-411	-409	-409	-415	-340	-358
Treasury Stock	-6.49	-6.71	-7.49	-8.15	-9.04	-9.93	-11	-12	-13	-16	-17
Accumulated Other Comprehensive Income / (Loss)	2.23	2.05	2.68	2.21	2.03	2.58	1.95	1.10	1.33	1.10	2.96

This table presents Identiv's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	111	102	98	177	159	154	151	148
Total Current Assets	81	73	69	166	149	144	142	139
Cash & Equivalents	20	22	18	145	132	129	126	125
Restricted Cash	1.25	0.81	0.57	0.38	0.30	0.30	0.30	0.30
Accounts Receivable	26	18	3.72	4.85	3.62	3.47	4.40	3.21
Inventories, net	29	28	11	11	7.76	6.13	5.91	8.91
Prepaid Expenses	5.24	4.16	1.80	4.70	4.64	4.87	5.26	1.97
Other Current Nonoperating Assets	-	-	34	0.00	0.00	0.00	0.00	0.00
Plant, Property, & Equipment, net	8.52	8.83	7.67	8.20	7.59	7.53	7.37	7.68
Total Noncurrent Assets	21	20	21	2.82	2.44	2.24	1.52	1.04
Goodwill	10	10	0.00	0.00	0.00	0.00	0.00	0.00
Intangible Assets	4.48	4.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Noncurrent Operating Assets	6.79	5.91	2.91	2.82	2.44	2.24	1.52	1.04
Other Noncurrent Nonoperating Assets	-	-	18	0.00	0.00	0.00	0.00	0.00
Total Liabilities & Shareholders' Equity	111	102	98	177	159	154	151	148
Total Liabilities	37	32	33	20	8.24	7.46	7.36	10
Total Current Liabilities	32	27	28	19	7.25	6.64	6.74	9.34
Short-Term Debt	9.94	9.89	7.91	0.00	0.00	0.00	0.00	0.00
Accounts Payable	12	9.56	2.95	6.04	2.70	1.81	2.44	6.50
Accrued Expenses	2.87	2.35	3.04	3.60	1.85	1.92	1.40	1.35
Current Deferred Revenue	2.47	1.74	0.00	0.00	0.00	0.00	0.00	0.00
Current Deferred & Payable Income Tax Liabilities	-	-	-	7.18	1.15	1.22	1.23	0.29
Current Employee Benefit Liabilities	2.58	2.10	1.19	1.32	0.70	0.79	0.81	0.89
Other Current Liabilities	1.71	1.66	0.82	0.88	0.86	0.90	0.87	0.31
Other Current Nonoperating Liabilities	-	-	12	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Liabilities	4.97	4.32	4.48	1.28	0.99	0.82	0.62	1.14
Noncurrent Deferred Revenue	0.90	0.98	0.00	0.00	0.00	0.00	0.00	0.00
Other Noncurrent Operating Liabilities	4.06	3.34	1.42	1.28	0.99	0.82	0.62	1.14
Other Noncurrent Nonoperating Liabilities	-	-	3.06	0.00	0.00	0.00	0.00	0.00
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	75	70	65	157	150	146	144	137
Total Preferred & Common Equity	75	70	65	157	150	146	144	137
Preferred Stock	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Total Common Equity	75	70	65	157	150	146	144	137
Common Stock	500	502	503	509	510	511	512	513
Retained Earnings	-413	-419	-426	-340	-345	-351	-354	-362
Treasury Stock	-13	-13	-14	-15	-17	-17	-17	-17
Accumulated Other Comprehensive Income / (Loss)	0.89	1.04	0.94	2.37	1.69	2.92	2.96	2.59

This table displays calculated financial ratios and metrics derived from Identiv's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	10,754,038.00	11,086,151.00	14,245,138.00	15,453,916.00	16,892,285.00	18,020,175.00	22,206,839.00	22,513,129.00	23,174,351.00	23,885,181.00	23,754,389.00
DEI Adjusted Shares Outstanding	10,754,038.00	11,086,151.00	14,245,138.00	15,453,916.00	16,892,285.00	18,020,175.00	22,206,839.00	22,513,129.00	23,174,351.00	23,885,181.00	23,754,389.00
DEI Earnings Per Adjusted Shares Outstanding	-3.64	-1.24	-0.57	-0.30	-0.07	-0.28	0.07	-0.02	-0.24	3.13	-0.76
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-25.18%	-7.61%	7.21%	29.76%	7.18%	3.78%	19.38%	8.81%	-61.52%	-38.71%	-19.32%
EBITDA Growth	-249.46%	78.49%	80.19%	228.97%	94.52%	-93.31%	172.08%	220.67%	-612.89%	-111.52%	8.24%
EBIT Growth	-152.14%	69.82%	55.44%	66.70%	96.99%	-7,040.00%	60.06%	87.52%	-7,492.70%	-101.06%	14.28%
NOPAT Growth	-166.96%	68.73%	58.73%	59.72%	94.16%	-3,063.30%	45.14%	82.40%	-3,955.56%	-107.04%	20.80%
Net Income Growth	-119.07%	65.06%	40.51%	42.31%	75.53%	-343.53%	131.73%	-124.20%	-1,300.26%	1,463.09%	-124.06%
EPS Growth	-75.73%	65.47%	51.20%	42.62%	62.86%	-161.54%	105.88%	-450.00%	-314.29%	1,182.76%	-125.16%
Operating Cash Flow Growth	-96.05%	72.97%	-24.03%	32.62%	108.22%	-513.58%	169.54%	-735.75%	114.82%	-1,433.88%	56.57%
Free Cash Flow Firm Growth	-11.10%	121.76%	-424.98%	-76.33%	80.34%	-26.39%	36.77%	-335.53%	285.19%	-156.49%	36.40%
Invested Capital Growth	-30.18%	-54.82%	87.33%	107.33%	10.67%	6.44%	4.30%	30.31%	-60.05%	-22.14%	-34.93%
Revenue Q/Q Growth	-9.40%	2.88%	3.27%	6.46%	-2.70%	7.24%	3.68%	0.43%	-44.45%	87.90%	-2.41%
EBITDA Q/Q Growth	-61.64%	71.65%	-467.35%	238.47%	-42.88%	117.95%	-76.52%	642.49%	-65.21%	-8.10%	10.66%
EBIT Q/Q Growth	-51.66%	61.70%	-57.60%	65.64%	-101.87%	28.84%	-809.45%	93.09%	-48.06%	-7.73%	5.90%
NOPAT Q/Q Growth	-49.80%	60.64%	-72.70%	62.94%	-103.50%	29.07%	-758.15%	87.25%	-50.42%	-9.81%	7.96%
Net Income Q/Q Growth	-48.56%	56.76%	-74.08%	52.35%	-188.54%	18.03%	-43.02%	85.22%	-54.79%	1.70%	-23.00%
EPS Q/Q Growth	-50.21%	56.45%	-69.44%	48.53%	0.00%	19.05%	-50.00%	50.00%	-45.00%	2.95%	-27.42%
Operating Cash Flow Q/Q Growth	-19.07%	49.62%	-51.58%	8.17%	152.39%	71.83%	-65.54%	-335.90%	113.76%	-225.66%	57.17%
Free Cash Flow Firm Q/Q Growth	16.22%	-35.34%	-162.56%	8.09%	57.34%	39.17%	-110.61%	-37.32%	271.68%	-141.19%	60.03%
Invested Capital Q/Q Growth	-38.21%	14.63%	64.84%	25.30%	-0.57%	-5.44%	-4.95%	5.45%	-63.54%	64.83%	-31.04%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	38.08%	42.25%	36.80%	42.66%	43.76%	38.75%	35.72%	36.26%	13.83%	1.28%	6.08%
EBITDA Margin	-55.16%	-12.84%	-2.37%	2.36%	4.28%	0.28%	0.63%	1.85%	-24.72%	-85.31%	-97.02%
Operating Margin	-59.02%	-19.98%	-7.69%	-2.39%	-0.13%	-3.97%	-1.30%	-0.29%	-31.09%	-105.01%	-103.08%
EBIT Margin	-61.01%	-19.93%	-8.28%	-2.13%	-0.06%	-4.11%	-1.37%	-0.16%	-31.11%	-102.05%	-108.42%
Profit (Net Income) Margin	-64.51%	-24.40%	-13.54%	-6.02%	-1.37%	-5.87%	1.56%	-0.35%	-12.63%	280.98%	-83.80%
Tax Burden Percent	100.57%	100.97%	97.44%	103.41%	139.52%	101.45%	98.30%	134.71%	39.75%	-289.76%	98.53%
Interest Burden Percent	105.14%	121.25%	167.72%	273.81%	1,650.00%	140.95%	-115.57%	163.48%	102.18%	95.02%	78.44%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.70%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-99.58%	-52.17%	-24.08%	-4.84%	-0.20%	-5.81%	-3.02%	-0.45%	-23.19%	-94.56%	-103.64%
ROIC Less NNEP Spread (ROIC-NNEP)	185.91%	-149.79%	1,110.10%	183.18%	-28.88%	-45.74%	-30.89%	0.22%	-34.83%	-195.54%	-101.75%
Return on Net Nonoperating Assets (RNNOA)	-30.45%	-99.05%	-34.60%	-11.50%	-3.13%	-8.85%	6.00%	-0.07%	15.85%	160.09%	91.43%
Return on Equity (ROE)	-130.04%	-151.22%	-58.68%	-16.34%	-3.33%	-14.66%	2.98%	-0.52%	-7.34%	65.53%	-12.21%
Cash Return on Invested Capital (CROIC)	-64.04%	23.35%	-84.87%	-74.69%	-10.33%	-12.04%	-7.23%	-26.78%	62.62%	-69.67%	-61.32%
Operating Return on Assets (OROA)	-53.24%	-23.80%	-10.85%	-2.82%	-0.07%	-4.67%	-1.63%	-0.18%	-12.72%	-19.91%	-14.81%
Return on Assets (ROA)	-56.30%	-29.14%	-17.73%	-7.99%	-1.64%	-6.67%	1.85%	-0.39%	-5.17%	54.82%	-11.45%
Return on Common Equity (ROCE)	-134.12%	-154.03%	-59.43%	-16.44%	-3.34%	-14.66%	2.98%	-0.52%	-7.33%	65.53%	-12.21%
Return on Equity Simple (ROE_SIMPLE)	-273.39%	-333.16%	-33.92%	-13.89%	-3.25%	-14.93%	2.17%	-0.52%	-7.39%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-25	-7.85	-3.24	-1.31	-0.08	-2.41	-1.32	-0.23	-9.45	-20	-16
NOPAT Margin	-41.31%	-13.98%	-5.38%	-1.67%	-0.09%	-2.78%	-1.28%	-0.21%	-21.76%	-73.50%	-72.16%
Net Nonoperating Expense Percent (NNEP)	-285.49%	97.61%	-1,134.18%	-188.02%	28.68%	39.93%	27.86%	-0.68%	11.64%	100.99%	-1.89%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-11.22%	-12.70%	-11.02%
Cost of Revenue to Revenue	61.92%	57.75%	63.20%	57.34%	56.24%	61.25%	64.28%	63.74%	86.17%	98.72%	93.92%
SG&A Expenses to Revenue	32.25%	20.13%	12.02%	13.85%	11.28%	9.92%	11.46%	9.24%	21.48%	68.15%	60.83%
R&D to Revenue	15.05%	11.61%	10.21%	9.26%	10.29%	11.25%	8.36%	8.78%	10.13%	14.60%	15.26%
Operating Expenses to Revenue	97.10%	62.22%	44.49%	45.04%	43.89%	42.72%	37.02%	36.56%	44.92%	106.28%	109.17%
Earnings before Interest and Taxes (EBIT)	-37	-11	-4.99	-1.66	-0.05	-3.57	-1.43	-0.18	-14	-27	-23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-34	-7.21	-1.43	1.84	3.59	0.24	0.65	2.09	-11	-23	-21
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.49	8.57	1.98	1.64	2.69	4.48	8.39	2.16	2.57	0.57	0.65
Price to Tangible Book Value (P/TBV)	3.03	0.00	2.42	4.09	6.30	9.37	10.81	2.72	2.57	0.57	0.65
Price to Revenue (P/Rev)	0.35	0.63	0.79	0.71	1.14	1.76	6.02	1.44	4.40	3.28	4.25
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	385.74	0.00	0.00	1.17	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.26%	0.00%	0.00%	85.59%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.34	4.32	2.34	1.60	2.49	3.78	13.31	2.50	7.58	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.46	0.72	0.68	0.74	1.20	1.86	5.73	1.29	4.06	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	31.56	27.92	674.38	911.33	69.66	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	234.39	0.00	484.61	0.00	152.57	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	11.52	0.00	0.00	0.00	0.00	0.00	0.00	6.91	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.64	3.70	0.53	0.40	0.40	0.59	0.00	0.00	0.13	0.00	0.00
Long-Term Debt to Equity	1.59	3.50	0.12	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.16	0.66	-0.03	-0.06	0.11	0.19	-0.19	-0.31	-0.46	-0.82	-0.90
Leverage Ratio	2.31	5.19	3.31	2.04	2.03	2.20	1.61	1.33	1.42	1.20	1.07
Compound Leverage Factor	2.43	6.29	5.55	5.60	33.55	3.10	-1.86	2.17	1.45	1.14	0.84
Debt to Total Capital	62.06%	78.72%	34.83%	28.68%	28.58%	37.01%	0.00%	0.00%	11.81%	0.00%	0.00%
Short-Term Debt to Total Capital	1.82%	4.25%	26.85%	28.68%	28.58%	37.01%	0.00%	0.00%	11.81%	0.00%	0.00%
Long-Term Debt to Total Capital	60.24%	74.47%	7.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.42%	-0.97%	-0.49%	-0.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	38.35%	22.25%	65.64%	71.67%	71.41%	62.99%	99.99%	99.99%	88.18%	100.00%	100.00%
Debt to EBITDA	-0.69	-2.02	-8.92	7.35	3.96	83.68	0.00	0.00	-0.93	0.00	0.00
Net Debt to EBITDA	-0.20	-0.75	4.41	1.46	1.34	36.15	0.00	0.00	1.34	0.00	0.00
Long-Term Debt to EBITDA	-0.67	-1.91	-2.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	-0.92	-1.85	-3.93	-10.38	-185.96	-8.32	0.00	0.00	-1.05	0.00	0.00
Net Debt to NOPAT	-0.26	-0.69	1.94	-2.06	-62.99	-3.59	0.00	0.00	1.53	0.00	0.00
Long-Term Debt to NOPAT	-0.90	-1.75	-0.90	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	-10.17	-12.18	-8.46	-6.19	-4.85	-4.10	12.67	-0.31	-1.54	3.49	2.52
Noncontrolling Interest Sharing Ratio	-3.14%	-1.85%	-1.28%	-0.59%	-0.23%	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.52	1.40	2.11	1.43	1.34	1.29	3.49	3.21	2.58	19.20	15.19
Quick Ratio	1.52	0.82	1.49	0.88	0.80	0.73	2.33	1.77	0.99	17.57	14.13
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-16	3.52	-11	-20	-3.96	-5.01	-3.17	-14	26	-14	-9.17
Operating Cash Flow to CapEx	-6,745.75%	-1,132.42%	-797.41%	-386.03%	147.75%	-112.92%	58.84%	-200.08%	27.01%	-1,033.69%	-604.96%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-14.50	-14.71	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	-9.79	-3.80	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	-11.01	-4.78	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.87	1.19	1.31	1.33	1.19	1.14	1.18	1.13	0.41	0.20	0.14
Accounts Receivable Turnover	5.65	6.48	5.55	5.74	5.03	4.66	5.34	5.04	2.72	4.68	5.19
Inventory Turnover	3.14	2.46	3.35	3.62	3.16	2.92	3.32	2.94	1.80	2.61	2.71
Fixed Asset Turnover	12.76	16.93	27.01	33.49	35.90	35.70	30.11	20.94	5.72	3.29	2.86
Accounts Payable Turnover	5.14	5.27	6.40	7.78	6.52	5.39	6.21	5.59	3.62	6.42	6.34
Days Sales Outstanding (DSO)	64.62	56.36	65.80	63.60	72.59	78.30	68.40	72.39	134.42	78.05	70.37
Days Inventory Outstanding (DIO)	116.25	148.09	108.96	100.83	115.37	124.92	110.04	123.95	202.84	139.71	134.72
Days Payable Outstanding (DPO)	71.03	69.22	57.00	46.91	56.00	67.75	58.73	65.25	100.80	56.86	57.57
Cash Conversion Cycle (CCC)	109.84	135.22	117.76	117.53	131.96	135.47	119.71	131.09	236.46	160.89	147.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	21	9.37	18	36	40	43	45	58	23	18	12
Invested Capital Turnover	2.41	3.73	4.47	2.90	2.19	2.09	2.37	2.19	1.07	1.29	1.44
Increase / (Decrease) in Invested Capital	-8.97	-11	8.18	19	3.88	2.59	1.84	14	-35	-5.15	-6.33
Enterprise Value (EV)	28	41	41	58	100	162	595	146	177	-49	-38
Market Capitalization	21	35	48	56	95	153	625	163	191	87	91
Book Value per Share	$1.33	$0.37	$1.69	$2.19	$2.10	$1.90	$3.36	$3.35	$3.20	$6.45	$5.92
Tangible Book Value per Share	$0.66	($0.15)	$1.38	$0.88	$0.90	$0.91	$2.60	$2.66	$3.20	$6.45	$5.92
Total Capital	37	18	37	47	50	54	75	75	84	154	141
Total Debt	23	15	13	14	14	20	0.00	0.00	9.95	0.00	0.00
Total Long-Term Debt	23	14	2.92	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	6.55	5.44	-6.30	2.69	4.81	8.68	-30	-17	-14	-136	-129
Capital Expenditures (CapEx)	0.34	0.55	0.97	1.35	0.29	1.56	2.09	3.90	4.28	1.49	1.11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	8.62	0.76	14	15	17	21	22	35	34	8.94	4.36
Debt-free Net Working Capital (DFNWC)	25	9.87	33	26	26	32	52	52	59	145	133
Net Working Capital (NWC)	25	9.09	23	13	12	12	52	52	49	145	133
Net Nonoperating Expense (NNE)	14	5.85	4.91	3.40	1.07	2.69	-2.94	0.16	-3.96	-94	2.50
Net Nonoperating Obligations (NNO)	6.55	5.44	-6.30	2.69	4.81	8.68	-30	-17	-51	-136	-129
Total Depreciation and Amortization (D&A)	3.56	3.98	3.56	3.50	3.64	3.81	2.08	2.27	2.78	4.46	2.45
Debt-free, Cash-free Net Working Capital to Revenue	14.19%	1.35%	23.25%	19.71%	19.72%	23.64%	21.27%	30.61%	78.88%	33.57%	20.31%
Debt-free Net Working Capital to Revenue	41.60%	17.58%	54.89%	33.62%	30.92%	36.76%	49.99%	45.79%	135.01%	544.11%	620.33%
Net Working Capital to Revenue	40.48%	16.18%	38.57%	16.27%	13.98%	13.66%	49.99%	45.79%	112.11%	544.11%	620.33%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($3.62)	($1.25)	($0.61)	($0.35)	($0.13)	$0.00	$0.02	($0.07)	($0.29)	$3.14	($0.79)
Adjusted Weighted Average Basic Shares Outstanding	10.75M	11.11M	15.14M	16.42M	16.98M	18.15M	21.34M	22.66M	23.07M	23.58M	23.78M
Adjusted Diluted Earnings per Share	($3.62)	($1.25)	($0.61)	($0.35)	($0.13)	$0.00	$0.02	($0.07)	($0.29)	$3.14	($0.79)
Adjusted Weighted Average Diluted Shares Outstanding	10.75M	11.11M	15.14M	16.42M	16.98M	18.15M	22.27M	22.66M	23.07M	23.58M	23.78M
Adjusted Basic & Diluted Earnings per Share	($3.62)	($1.25)	($0.61)	$0.00	($0.13)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	10.81M	10.92M	13.27M	15.65M	17.46M	17.98M	22.30M	22.67M	23.33M	23.52M	23.95M
Normalized Net Operating Profit after Tax (NOPAT)	-18	-5.69	-3.28	-0.78	0.32	-1.40	-0.52	-0.09	-9.34	-19	-14
Normalized NOPAT Margin	-29.76%	-10.13%	-5.44%	-1.00%	0.38%	-1.61%	-0.50%	-0.08%	-21.51%	-72.08%	-67.19%
Pre Tax Income Margin	-64.15%	-24.16%	-13.89%	-5.82%	-0.99%	-5.79%	1.59%	-0.26%	-31.79%	-96.97%	-85.04%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	-6.33	-1.21	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	-4.11	-0.95	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	-7.56	-2.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	-5.34	-1.94	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-4.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.51%	0.00%

This table displays calculated financial ratios and metrics derived from Identiv's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	23,129,816.00	23,174,351.00	23,330,980.00	23,382,459.00	23,476,594.00	23,885,181.00	23,520,680.00	23,617,379.00	23,721,826.00	23,754,389.00	23,948,070.00
DEI Adjusted Shares Outstanding	23,129,816.00	23,174,351.00	23,330,980.00	23,382,459.00	23,476,594.00	23,885,181.00	23,520,680.00	23,617,379.00	23,721,826.00	23,754,389.00	23,948,070.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	-0.07	-0.20	-0.27	3.66	-0.01	-0.20	-0.26	-0.15	-0.16	-0.14
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-62.15%	-119.86%	-74.39%	-41.26%	-44.32%	216.27%	-20.86%	-25.23%	-23.32%	-7.93%	40.69%
EBITDA Growth	-348.94%	-406.42%	-122.23%	-102.22%	-178.75%	-53.25%	-19.36%	-21.03%	36.57%	20.68%	28.38%
EBIT Growth	-753.48%	-988.06%	-100.11%	-101.70%	-158.21%	-49.43%	-13.41%	-7.05%	39.14%	24.78%	25.14%
NOPAT Growth	-513.40%	-956.44%	-85.32%	-101.98%	-187.83%	-60.53%	-8.00%	4.96%	41.57%	28.92%	23.12%
Net Income Growth	-104.24%	-573.16%	-67.64%	-443.36%	390,777.27%	77.87%	-5.07%	2.80%	-104.02%	-948.17%	28.00%
EPS Growth	-200.00%	0.00%	-61.54%	-350.00%	36,300.00%	0.00%	0.00%	3.70%	-104.14%	0.00%	28.57%
Operating Cash Flow Growth	84.78%	199.54%	72.31%	-170.63%	-2,140.99%	-224.15%	-152.11%	-259.32%	60.07%	151.09%	13.57%
Free Cash Flow Firm Growth	-42.61%	342.86%	106.29%	344.04%	523.05%	-98.40%	2,886.26%	-108.37%	-121.69%	489.83%	-92.92%
Invested Capital Growth	15.54%	-60.05%	-7.61%	-71.07%	-82.77%	-22.14%	-69.08%	-6.54%	55.52%	-34.93%	-30.81%
Revenue Q/Q Growth	2.23%	-149.10%	215.59%	1.25%	-3.10%	2.53%	-21.32%	-4.35%	-0.62%	23.10%	20.22%
EBITDA Q/Q Growth	-4.32%	-13.21%	-40.11%	-22.20%	-43.80%	37.76%	-9.13%	-23.91%	24.64%	22.16%	1.47%
EBIT Q/Q Growth	-6.16%	-10.51%	-34.14%	-28.17%	-35.91%	36.05%	-1.80%	-20.99%	22.74%	20.96%	-1.31%
NOPAT Q/Q Growth	0.24%	-24.34%	-22.68%	-32.73%	-42.16%	30.65%	17.46%	-16.81%	12.60%	15.64%	10.72%
Net Income Q/Q Growth	98.08%	-7,190.91%	-184.16%	-36.38%	1,482.71%	-100.41%	-1,249.01%	-26.16%	42.88%	-7.82%	7.34%
EPS Q/Q Growth	83.33%	-800.00%	-133.33%	-28.57%	1,440.74%	0.00%	0.00%	-23.81%	42.31%	-13.33%	11.76%
Operating Cash Flow Q/Q Growth	-122.90%	1,581.68%	-127.27%	23.67%	-626.69%	17.92%	44.62%	-8.78%	19.25%	205.03%	-193.69%
Free Cash Flow Firm Q/Q Growth	32.41%	394.21%	-96.25%	3,168.90%	17.17%	-98.89%	6,893.47%	-109.16%	-203.66%	130.31%	-16.06%
Invested Capital Q/Q Growth	2.88%	-63.54%	147.59%	-68.85%	-38.75%	64.83%	-1.69%	-5.84%	1.93%	-31.04%	4.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	11.24%	0.00%	7.25%	9.11%	3.64%	-14.86%	2.51%	-9.40%	10.66%	18.08%	17.42%
EBITDA Margin	-24.06%	0.00%	-67.26%	-81.17%	-120.47%	-73.14%	-101.44%	-131.41%	-99.64%	-63.01%	-51.64%
Operating Margin	-28.29%	0.00%	-76.04%	-99.69%	-146.25%	-98.92%	-103.78%	-126.73%	-111.44%	-76.37%	-56.71%
EBIT Margin	-30.41%	0.00%	-79.44%	-100.56%	-141.04%	-87.98%	-113.84%	-143.99%	-111.94%	-71.88%	-60.57%
Profit (Net Income) Margin	-0.19%	0.00%	-68.46%	-92.21%	1,315.81%	-5.30%	-90.89%	-119.88%	-68.90%	-60.35%	-46.51%
Tax Burden Percent	0.60%	39.91%	84.78%	89.72%	-958.29%	7.81%	100.06%	101.77%	80.29%	114.49%	100.15%
Interest Burden Percent	102.21%	101.93%	101.64%	102.20%	97.35%	77.19%	79.79%	81.81%	76.65%	73.33%	76.68%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-26.01%	0.00%	-21.39%	-33.80%	-38.78%	-89.08%	-48.61%	-120.26%	-122.26%	-76.79%	-62.23%
ROIC Less NNEP Spread (ROIC-NNEP)	-41.51%	0.00%	-12.85%	-28.70%	-156.99%	-93.66%	-47.28%	-118.48%	-122.59%	-76.46%	-61.84%
Return on Net Nonoperating Assets (RNNOA)	8.29%	0.00%	2.12%	12.23%	106.26%	76.68%	31.12%	99.02%	111.13%	68.70%	55.36%
Return on Equity (ROE)	-17.73%	0.00%	-19.26%	-21.57%	67.48%	-12.40%	-17.49%	-21.23%	-11.13%	-8.08%	-6.87%
Cash Return on Invested Capital (CROIC)	-24.98%	62.62%	-10.56%	76.59%	93.58%	-69.67%	52.90%	-106.26%	-163.36%	-61.32%	-60.56%
Operating Return on Assets (OROA)	-22.35%	0.00%	-18.47%	-18.60%	-13.86%	-17.17%	-22.06%	-26.94%	-15.02%	-9.82%	-9.34%
Return on Assets (ROA)	-0.14%	0.00%	-15.92%	-17.06%	129.27%	-1.03%	-17.61%	-22.43%	-9.25%	-8.24%	-7.17%
Return on Common Equity (ROCE)	-17.72%	0.00%	-19.26%	-21.57%	67.48%	-12.40%	-17.49%	-21.23%	-11.13%	-8.08%	-6.87%
Return on Equity Simple (ROE_SIMPLE)	-4.74%	0.00%	-10.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-2.32	-2.89	-3.54	-4.70	-6.69	-4.64	-3.83	-4.47	-3.91	-3.30	-2.94
NOPAT Margin	-19.80%	0.00%	-53.23%	-69.78%	-102.37%	-69.25%	-72.64%	-88.71%	-78.01%	-53.46%	-39.70%
Net Nonoperating Expense Percent (NNEP)	15.49%	3.77%	-8.53%	-5.09%	118.21%	4.58%	-1.32%	-1.78%	0.34%	-0.32%	-0.39%
Return On Investment Capital (ROIC_SIMPLE)	-	-3.43%	-4.43%	-6.45%	-4.27%	-3.01%	-2.54%	-3.05%	-2.72%	-2.34%	-2.15%
Cost of Revenue to Revenue	88.76%	0.00%	92.75%	90.89%	96.36%	114.86%	97.49%	109.40%	89.34%	81.92%	82.58%
SG&A Expenses to Revenue	18.88%	0.00%	52.27%	67.35%	107.65%	46.21%	59.71%	60.65%	70.21%	54.30%	42.13%
R&D to Revenue	8.69%	0.00%	13.47%	14.33%	16.87%	13.77%	14.94%	17.66%	16.53%	12.54%	13.50%
Operating Expenses to Revenue	39.53%	0.00%	83.30%	108.80%	149.89%	84.07%	106.28%	117.32%	122.10%	94.45%	74.13%
Earnings before Interest and Taxes (EBIT)	-3.57	-3.94	-5.29	-6.78	-9.21	-5.89	-6.00	-7.26	-5.61	-4.43	-4.49
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-2.82	-3.20	-4.48	-5.47	-7.87	-4.90	-5.35	-6.62	-4.99	-3.89	-3.83
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.61	2.57	2.63	1.55	0.53	0.57	0.50	0.53	0.57	0.65	0.65
Price to Tangible Book Value (P/TBV)	3.25	2.57	3.30	1.55	0.53	0.57	0.50	0.53	0.57	0.65	0.65
Price to Revenue (P/Rev)	2.50	4.40	7.67	5.19	5.85	3.28	2.97	3.27	3.72	4.25	3.75
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	1.13	1.17	1.01	1.03	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	88.78%	85.59%	99.41%	97.10%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.89	7.58	2.99	4.98	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	2.36	4.06	7.15	4.62	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	152.57	37.82	41.51	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	6.91	0.00	2.92	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.13	0.13	0.14	0.12	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.20	-0.46	-0.17	-0.43	-0.68	-0.82	-0.66	-0.84	-0.91	-0.90	-0.90
Leverage Ratio	1.43	1.42	1.44	1.50	1.25	1.20	1.18	1.19	1.09	1.07	1.07
Compound Leverage Factor	1.46	1.45	1.47	1.54	1.21	0.92	0.94	0.97	0.84	0.78	0.82
Debt to Total Capital	11.73%	11.81%	12.36%	10.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	11.73%	11.81%	12.36%	10.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	88.27%	88.18%	87.64%	89.16%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	-1.53	-0.93	-0.75	-0.50	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	1.69	1.34	0.95	0.69	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	-1.58	-1.05	-0.89	-0.59	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	1.75	1.53	1.13	0.82	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	-0.86	-1.25	-1.66	-3.78	0.67	3.92	3.53	4.07	4.49	2.94	2.76
Noncontrolling Interest Sharing Ratio	0.01%	0.00%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.57	2.58	2.67	2.46	8.73	19.20	20.51	21.70	21.08	15.19	14.87
Quick Ratio	1.44	0.99	1.44	0.78	7.90	17.57	18.76	19.99	19.38	14.13	13.67
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-11	32	1.20	39	46	0.51	36	-3.30	-10	3.03	2.55
Operating Cash Flow to CapEx	-45.29%	416.68%	-560.78%	-735.56%	-1,426.09%	-955.32%	-1,089.70%	-1,415.87%	-818.47%	1,490.64%	-321.43%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.73	0.41	0.23	0.19	0.10	0.20	0.19	0.19	0.13	0.14	0.15
Accounts Receivable Turnover	3.16	2.72	1.24	1.46	0.92	4.68	2.36	6.55	4.76	5.19	6.91
Inventory Turnover	2.04	1.80	0.91	1.09	0.95	2.61	1.39	2.83	2.75	2.71	2.54
Fixed Asset Turnover	10.64	5.72	2.93	2.44	1.70	3.29	3.07	3.10	2.83	2.86	3.10
Accounts Payable Turnover	4.08	3.62	2.75	2.93	2.09	6.42	4.12	10.36	5.39	6.34	4.60
Days Sales Outstanding (DSO)	115.47	134.42	294.86	250.86	395.88	78.05	154.98	55.69	76.69	70.37	52.79
Days Inventory Outstanding (DIO)	179.27	202.84	401.88	334.55	385.73	139.71	261.79	128.89	132.92	134.72	143.79
Days Payable Outstanding (DPO)	89.41	100.80	132.60	124.58	174.29	56.86	88.65	35.22	67.75	57.57	79.38
Cash Conversion Cycle (CCC)	205.33	236.46	564.14	460.84	607.32	160.89	328.12	149.35	141.86	147.51	117.19
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	64	23	58	18	11	18	18	17	17	12	12
Invested Capital Turnover	1.31	1.07	0.40	0.48	0.38	1.29	0.67	1.36	1.57	1.44	1.57
Increase / (Decrease) in Invested Capital	8.59	-35	-4.75	-44	-53	-5.15	-40	-1.17	6.10	-6.33	-5.49
Enterprise Value (EV)	184	177	172	89	-63	-49	-58	-53	-45	-38	-36
Market Capitalization	195	191	185	101	83	87	75	77	82	91	89
Book Value per Share	$3.23	$3.20	$3.01	$2.78	$6.68	$6.45	$6.40	$6.20	$6.06	$5.92	$5.73
Tangible Book Value per Share	$2.60	$3.20	$2.40	$2.78	$6.68	$6.45	$6.40	$6.20	$6.06	$5.92	$5.73
Total Capital	85	84	80	73	157	154	150	146	144	141	137
Total Debt	9.94	9.95	9.89	7.91	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-11	-14	-13	-11	-146	-136	-133	-130	-127	-129	-125
Capital Expenditures (CapEx)	0.71	1.15	0.23	0.14	0.51	0.62	0.30	0.25	0.35	0.20	0.88
Debt-free, Cash-free Net Working Capital (DFCFNWC)	39	34	33	30	1.25	8.94	8.78	7.83	8.83	4.36	4.75
Debt-free Net Working Capital (DFNWC)	60	59	55	49	147	145	141	137	135	133	130
Net Working Capital (NWC)	50	49	46	41	147	145	141	137	135	133	130
Net Nonoperating Expense (NNE)	-2.30	-1.28	1.01	1.51	-93	-4.28	0.96	1.57	-0.46	0.42	0.51
Net Nonoperating Obligations (NNO)	-11	-51	-13	-47	-146	-136	-133	-130	-127	-129	-125
Total Depreciation and Amortization (D&A)	0.75	0.75	0.81	1.31	1.34	0.99	0.65	0.63	0.62	0.55	0.66
Debt-free, Cash-free Net Working Capital to Revenue	49.64%	78.88%	136.97%	155.17%	8.80%	33.57%	34.77%	33.27%	40.09%	20.31%	20.09%
Debt-free Net Working Capital to Revenue	76.40%	135.01%	230.03%	253.26%	1,037.27%	544.11%	560.47%	584.03%	614.99%	620.33%	548.38%
Net Working Capital to Revenue	63.69%	112.11%	188.99%	212.45%	1,037.27%	544.11%	560.47%	584.03%	614.99%	620.33%	548.38%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.01)	($0.09)	($0.21)	($0.27)	$3.62	$0.00	($0.21)	($0.26)	($0.15)	($0.17)	($0.15)
Adjusted Weighted Average Basic Shares Outstanding	23.17M	23.07M	23.37M	23.46M	23.66M	23.58M	23.60M	23.76M	23.85M	23.78M	24.04M
Adjusted Diluted Earnings per Share	($0.01)	($0.09)	($0.21)	($0.27)	$3.62	$0.00	($0.21)	($0.26)	($0.15)	($0.17)	($0.15)
Adjusted Weighted Average Diluted Shares Outstanding	23.17M	23.07M	23.37M	23.46M	23.66M	23.58M	23.60M	23.76M	23.85M	23.78M	24.04M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	23.17M	23.33M	23.38M	23.48M	23.89M	23.52M	23.62M	23.72M	23.75M	23.95M	24.01M
Normalized Net Operating Profit after Tax (NOPAT)	-2.32	-2.94	-3.54	-4.70	-6.69	-4.26	-3.65	-4.18	-3.63	-2.99	-2.93
Normalized NOPAT Margin	-19.80%	0.00%	-53.23%	-69.78%	-102.37%	-63.60%	-69.19%	-82.88%	-72.39%	-48.44%	-39.49%
Pre Tax Income Margin	-31.09%	0.00%	-80.75%	-102.77%	-137.31%	-67.91%	-90.83%	-117.80%	-85.81%	-52.71%	-46.45%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	2.51%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Identiv’s latest quarter shows a mixed picture: improving revenue, but continued operating losses and negative cash flow from operations. In Q1 2026, revenue rose year over year to $7.4 million from $5.3 million, and gross profit improved to $1.3 million. However, expenses were still much higher than gross profit, leading to an operating loss of $4.2 million and a net loss of $3.4 million. The company also burned $2.8 million in operating cash during the quarter.

The balance sheet remains a major strength. Identiv ended Q1 2026 with $124.5 million in cash and equivalents, plus $0.3 million in restricted cash, against just $10.5 million in total liabilities. That leaves the company with a very large net cash position and substantial flexibility, even though current profitability remains weak.

Revenue growth improved year over year. Q1 2026 revenue increased to $7.4 million from $5.3 million in Q1 2025.
Gross profit expanded meaningfully. Gross profit rose to $1.29 million from $0.13 million a year earlier, showing better top-line efficiency.
Strong cash cushion. Cash and equivalents of $124.5 million provide a sizable liquidity buffer.
Very low leverage. The company reported no short-term debt in Q1 2026 and only $10.5 million in total liabilities.
Operating losses remain large. Q1 2026 operating loss was $4.2 million, though slightly better than the $5.5 million loss in Q1 2025.
Net income is still negative. The company posted a net loss of $3.4 million, or $0.15 per share.
Operating cash flow remains negative. Q1 2026 operating cash flow was -$2.8 million, indicating the business is still consuming cash.
Expense structure remains heavy relative to revenue. SG&A, marketing, and R&D together far exceed gross profit, keeping the business unprofitable.
Cash declined during the quarter. Net change in cash and equivalents was -$4.1 million in Q1 2026.
Recent trend shows inconsistent profitability. Over the last several quarters, Identiv has repeatedly posted losses, with only occasional quarters of improved cash generation.

Looking at the broader trend over the last four years, the key story is balance-sheet resilience versus earnings weakness. Identiv’s cash position has improved dramatically compared with 2024, when the company’s cash balance was much lower and liabilities were significantly higher. At the same time, revenue has generally trended downward from earlier periods, and profitability has remained inconsistent. A major standout is that the company’s net income and cash flow can swing sharply because of restructuring, working-capital changes, and one-time items, so investors should be cautious about reading too much into any single quarter.

Bottom line: Identiv looks financially stable from a liquidity standpoint, but it is still not consistently generating profits or positive operating cash flow. For retail investors, the main question is whether management can turn modest revenue growth into a more durable earnings recovery before cash gets spent down further.

07/31/26 11:44 PM ETAI Generated. May Contain Errors.

Identiv Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Identiv's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Identiv's net income appears to be on a downward trend, with a most recent value of -$18.00 million in 2025, falling from -$39.22 million in 2015. The previous period was $74.82 million in 2024. View Identiv's forecast to see where analysts expect Identiv to go next.

Identiv's total operating income in 2025 was -$22.15 million, based on the following breakdown:

Total Gross Profit: $1.31 million
Total Operating Expenses: $23.45 million

Over the last 10 years, Identiv's total revenue changed from $60.79 million in 2015 to $21.48 million in 2025, a change of -64.7%.

Identiv's total liabilities were at $10.64 million at the end of 2025, a 16.2% increase from 2024, and a 72.9% decrease since 2015.

In the past 10 years, Identiv's cash and equivalents has ranged from $9.12 million in 2016 to $135.65 million in 2024, and is currently $128.61 million as of their latest financial filing in 2025.

Over the last 10 years, Identiv's book value per share changed from 1.33 in 2015 to 5.92 in 2025, a change of 344.0%.

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Financial statements for NASDAQ:INVE last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Identiv (INVE) Financials

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Identiv (INVE) Financials

Annual Income Statements for Identiv

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Quarterly Cash Flow Statements for Identiv

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Quarterly Balance Sheets for Identiv

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Quarterly Metrics And Ratios for Identiv

Financials Breakdown Chart

Key Financial Trends

Identiv Financials - Frequently Asked Questions

When does Identiv's fiscal year end?

How has Identiv's net income changed over the last 10 years?

What is Identiv's operating income?

How has Identiv's revenue changed over the last 10 years?

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How has Identiv's book value per share changed over the last 10 years?

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