Financial health
- The company is unprofitable; at its current free-cash-flow burn it has roughly 3.9 years of cash runway.
IVVD Financials Invivyd, Inc.
8 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 →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $53M | -$52M | 0.0% | -104.0% | -$58M | — | $227M |
| 2024 | $25M | -$170M | 0.0% | -696.8% | -$171M | — | $69M |
| 2023 | $0 | -$199M | — | — | -$174M | — | $201M |
| 2022 | — | -$241M | — | — | -$222M | — | $92M |
| 2021 | — | -$227M | — | — | -$185M | — | $542M |
| 2021 | — | -$144M | — | — | — | — | $478M |
| 2021 | — | -$83M | — | — | — | — | $393M |
| 2021 | — | -$39M | — | — | — | — | — |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $14M | -$41M | 0.0% | -313.9% | -$42M | — | $184M |
| Dec '25 | $17M | -$11M | 0.0% | -73.0% | -$15M | — | $227M |
| Sep '25 | $13M | -$10M | 0.0% | -84.0% | -$8M | — | $85M |
| Jun '25 | $12M | -$15M | 0.0% | -127.8% | -$13M | — | $35M |
| Mar '25 | $11M | -$16M | 0.0% | -149.7% | -$21M | — | $48M |
| Dec '24 | $14M | -$18M | 0.0% | -139.1% | -$38M | — | $69M |
| Sep '24 | $9M | -$61M | 0.0% | -670.0% | -$41M | — | $107M |
| Jun '24 | $2M | -$47M | 0.0% | -2175.2% | -$42M | — | $148M |
| Mar '24 | $0 | -$43M | — | — | -$50M | — | $189M |
| Dec '23 | $0 | -$74M | — | — | -$59M | — | $201M |
| Sep '23 | $0 | -$39M | — | — | -$35M | — | $182M |
| Jun '23 | $0 | -$50M | — | — | -$37M | — | $122M |
| Mar '23 | — | -$35M | — | — | -$42M | — | $126M |
| Dec '22 | — | -$45M | — | — | -$49M | — | $92M |
| Sep '22 | — | -$45M | — | — | -$57M | — | $278M |
| Jun '22 | — | -$51M | — | — | -$57M | — | $475M |
| Mar '22 | — | -$101M | — | — | -$59M | — | $532M |
| Dec '21 | — | -$83M | — | — | -$73M | — | $542M |
| Sep '21 | — | -$60M | — | — | -$54M | — | $478M |
| Jun '21 | — | -$45M | — | — | — | — | $393M |
Valuation over time
How the market has priced IVVD 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-sales ratio has fallen from 5.7× (Dec '24) to 4.8× (Jun '26).
P/S
Frequently asked questions
Is IVVD growing its revenue and profit?
See the revenue and net-income charts above for Invivyd, Inc.'s multi-year trend.
How much debt does IVVD have?
As of FY2025, Invivyd, Inc. reported — of total debt against $227M of cash.
What is IVVD's profit margin?
In FY2025, gross margin was —, operating margin -104.0%, and net margin -98.2%.
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.