15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 24.4% per year over the past 5 years.
Operating margin has contracted, at -103.1% in the latest year.
Financial health
Total debt has grown in line with revenue (-23.0% vs -24.4% per year).
The company is unprofitable; at its current free-cash-flow burn it has roughly 16.5 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$21M
-$18M
6.1%
-103.1%
-12.8%
-11.9%
-$8M
—
$129M
2024
$27M
$75M
1.3%
-105.0%
48.6%
45.8%
-$17M
—
$136M
2023
$43M
-$5M
13.8%
-31.1%
-7.4%
-5.0%
-$3M
—
$23M
2022
$113M
-$392.0B
36.3%
-0.3%
-519935.3%
-381452.8%
-$12M
—
$17M
2021
$104M
$1.62T
35.7%
-1.3%
2174146.4%
1675925.6%
-$859000
—
$29M
2020
$87M
-$5M
38.7%
-4.0%
-14.9%
-6.5%
-$3M
—
$11M
2019
$84M
-$1M
43.8%
-0.1%
-3.2%
-1.5%
$138000
—
$9M
2018
$78M
-$5M
42.7%
-2.4%
-13.9%
-7.1%
-$7M
—
$11M
2017
$60M
-$8M
36.8%
-7.7%
-33.9%
-15.8%
-$9M
$4M
$19M
2016
—
-$14M
—
—
-333.0%
-33.7%
-$7M
$5M
$9M
2015
—
-$39M
—
—
-272.9%
-73.2%
-$23M
$6M
—
2014
—
-$18M
—
—
-37.2%
-20.7%
-$13M
$14M
—
2013
—
-$35M
—
—
-131.6%
-59.3%
-$5M
$6M
$5M
2012
—
-$50M
—
—
-99.7%
-48.0%
-$16M
$14M
$6M
2011
—
-$10M
—
—
-10.3%
-6.7%
-$7M
$2M
$16M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$6M
-$5M
16.1%
-97.0%
-3.5%
-3.3%
-$5M
—
$119M
Mar '26
$7M
-$3M
17.4%
-56.7%
-2.5%
-2.3%
-$4M
—
$125M
Dec '25
$6M
-$4M
18.1%
-76.4%
-2.6%
-2.5%
$3M
—
$129M
Sep '25
$5M
-$3M
10.7%
-111.4%
-2.4%
-2.3%
-$3M
—
$126M
Jun '25
$5M
-$6M
-9.4%
-126.7%
-4.1%
-3.9%
-$4M
—
$129M
Mar '25
$5M
-$5M
2.5%
-103.8%
-3.2%
-3.0%
-$4M
—
$132M
Dec '24
$7M
-$355000
-14.9%
-98.9%
-0.2%
-0.2%
-$7M
—
$136M
Sep '24
$7M
$86M
3.6%
-146.2%
54.8%
48.6%
-$8M
—
$145M
Jun '24
$7M
-$6M
9.1%
-99.7%
-9.6%
-6.4%
-$1M
—
$18M
Mar '24
$7M
-$5M
7.3%
-76.0%
-6.5%
-4.5%
-$2M
—
$22M
Dec '23
$11M
-$2M
16.2%
-29.7%
-2.2%
-1.5%
$4M
—
$23M
Sep '23
$12M
-$22000
11.2%
-28.3%
-0.0%
-0.0%
-$1M
—
$20M
Jun '23
$11M
-$1M
14.2%
-29.0%
-1.5%
-1.0%
$203000
—
$22M
Mar '23
$26M
-$3M
35.4%
-10.5%
-3.7%
-2.6%
-$6M
—
$21M
Dec '22
$29M
$339000
36.5%
1.4%
0.4%
0.3%
-$6M
—
$17M
Sep '22
$31M
$519000
36.1%
1.8%
0.7%
0.5%
-$3M
—
$21M
Jun '22
$28M
-$251000
36.7%
-0.9%
-0.3%
-0.3%
-$2M
—
$25M
Mar '22
$25M
-$999000
35.8%
-4.1%
-1.4%
-1.1%
-$544000
—
$28M
Dec '21
$29M
-$2M
33.0%
-6.6%
-2.6%
-2.0%
$1M
—
$29M
Sep '21
$29M
$3M
38.2%
7.1%
3.3%
2.6%
$3M
—
$29M
Valuation over time
How the market has priced INVE against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 1.2× (Dec '24) to 1.1× (Nov '25).
The price-to-sales ratio has risen from 1.3× (Mar '23) to 3.2× (Sep '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is INVE growing its revenue and profit?
Over the past 5 years, Identiv, Inc.'s revenue has declined 24.4% per year. These are computed facts, not advice.
How much debt does INVE have?
As of FY2025, Identiv, Inc. reported — of total debt against $129M of cash.
What is INVE's profit margin?
In FY2025, gross margin was 6.1%, operating margin -103.1%, and net margin -83.8%.
What is INVE's P/E ratio?
As of Sep '26, Identiv, Inc. traded at a price-to-earnings ratio of about 1.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.