Inventiva S.A. (IVA) Balance Sheet

NASDAQ: IVAAssets, liabilities, debt and equity over 10 years.

IVA balance sheet, 2025

December 31, 2025 · euros

€248.9M assets = €277.9M liabilities + −€29.0M equity

What it owns€248.9MCash & ST investments: €99.3M (39.9%)Cash & ST investments€99.3M · 40%Receivables: €9.1M (3.7%)Other current: €135.5M (54.4%)Other current€135.5M · 54%PP&E: €3.0M (1.2%)Goodwill & intangibles: €181,921 (0.1%)LT investments: €527,000 (0.2%)Other non-current: €1.4M (0.5%)=How it is financed€277.9MCurrent liabilities: €77.3M (27.8%)Current liabilities€77.3M · 28%Long-term debt: €26.8M (9.6%)Long-term debt €26.8MOther LT liabilities: €173.8M (62.5%)Other LT liabilities€173.8M · 63%

Liabilities exceed assets: shareholders’ equity is negative (−€29.0M).

Both columns are drawn to the same scale: what IVA owns equals what it owes plus shareholders’ equity. Hover a block for its value.

IVA financial health

Current ratio3.15
Comfortable · current assets cover current liabilities 3.15×
Equity / assets−11.7%
Thin equity · of assets funded by shareholders
Cash / debt167.1%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles0.1%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

IVA balance sheet trends, 2015–2025

MetricTrendThenLatestChange
Total assets€60.6M2015€248.9M2025+17.0%/yr
Total liabilities€17.8M2015€277.9M2025+35.7%/yr
Shareholders’ equity€42.8M2015−€29.0M2025—
Cash & short-term investments€22.6M2015€99.3M2025+17.9%/yr
Total debt€698,0052015€59.4M2025+63.8%/yr
Net cash (debt)€21.9M2015€39.9M2025+€18.0M
Working capital€20.9M2015€166.5M2025+€145.6M
Current ratio3.6920153.152025−0.54
Debt / equity0.0220150.762022+0.74
Shares outstanding10.0M2015186.8M2025+38.4%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

IVA assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

IVA liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

IVA debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

IVA balance sheet in euros

2025202420222021202020192018201720162015
Assets
Cash & short-term investments€99.3M€96.6M€87.8M€86.6M€113.0M€35.8M€56.7M€59.1M€24.9M€22.6M
Cash & equivalents€99.3M€96.6M€86.7M€86.6M€105.7M€35.8M€56.7M€59.1M€24.9M€22.6M
Short-term investments€131.6M€0€1.0M€8.8M€7.3M——−€3,111——
Receivables€9.1M€12.2M€279,000€11.6M€48,000€643,000€13.3M€6.9M€4.5M€986,722
Inventory€0€0€373,000€392,000€320,000€387,000€410,000€473,129€471,879€480,436
Other current assets€135.5M€2.8M€17.9M€17.0M€19.6M€12.0M€1.2M€836,001€11.4M€4.6M
Total current assets€243.8M€111.5M€106.4M€115.6M€133.0M€48.9M€71.6M€67.2M€41.2M€28.6M
Property, plant & equipment (net)€3.0M€5.0M€7.4M€3.2M€3.3M€3.7M€4.3M€4.5M€5.0M€5.6M
Goodwill & intangible assets€181,921€48,000€568,000€770,000€935,000€1.2M€1.5M€1.8M€2.1M€2.4M
Long-term investments€527,000€1.1M€700,000€1.7M€1.7M€0€0€238,621€0€0
Other non-current assets€1.4M€1.3M€967,000€694,000€8,000€3.1M€2.4M€586,016€580,430€24.0M
Total assets€248.9M€119.0M€116.0M€122.0M€138.9M€57.0M€79.8M€74.4M€48.9M€60.6M
Liabilities
Accounts payable€26.0M€32.9M€19.4M€14.6M€6.9M€7.5M€8.4M€5.4M€4.4M€3.6M
Short-term debt€32.3M€5.9M€5.9M€1.3M€18,000€112,000€725,000€262,133−€486,068€194,012
Deferred revenue——€6,000€7.0M—€2.1M€548,000€592,650€1.7M€1.7M
Total current liabilities€77.3M€120.7M€30.7M€22.9M€13.9M€13.9M€15.1M€8.8M€8.6M€7.7M
Long-term debt€26.8M€46.3M€28.7M€8.7M€10.0M€0€74,000€220,000€364,300€0
Lease obligations€2.8M€4.7M€1.3M€130,000€2,000€37,000————
Other long-term liabilities€173.8M€58.6M€11.2M€1.5M€3.8M€1.7M€3.1M€1.3M€4.2M€10.1M
Total liabilities€277.9M€225.6M€70.5M€33.1M€27.7M€15.6M€18.2M€10.4M€13.1M€17.8M
Shareholders' equity
Common stock & paid-in capital€1.9M€957,000€421,000€409,000€386,000€268,000€223,000€164,445€100,300€100,300
Retained earnings (deficit)−€354.1M−€184.2M−€54.3M−€49.6M−€33.6M−€30.2M−€33.6M−€17.2M−€7.0M−€8.8M
Accumulated other comprehensive income−€204.5M−€172.6M−€74.6M−€27.0M€4.8M−€14.7M€17.5M€36.1M€42.7M€51.5M
Total shareholders' equity−€29.0M−€106.6M€45.5M€88.9M€111.2M€41.4M€61.6M€64.0M€35.7M€42.8M
Key figures
Total debt€59.4M€54.3M€34.5M€10.1M€10.1M€114,000€2.2M€482,133€627,604€698,005
Net cash (debt)€39.9M€42.2M€53.3M€76.4M€103.0M€35.7M€54.5M€58.6M€24.2M€21.9M
Working capital€166.5M−€9.2M€75.7M€92.7M€119.1M€35.0M€56.6M€58.4M€32.6M€20.9M
Tangible book value−€29.2M−€106.7M€44.9M€88.1M€110.3M€40.2M€60.1M€62.2M€33.6M€40.4M
Shares outstanding186.8M52.0M41.4M39.2M33.9M23.5M20.5M15.5M15.7M10.0M
Current ratio3.150.923.475.069.563.534.757.644.803.69
Quick ratio1.400.902.874.298.132.634.647.493.413.04
Debt / equity——0.760.110.090.000.040.010.020.02
Equity / assets−11.7%−89.6%39.2%72.9%80.1%72.7%77.2%86.1%73.1%70.6%

Quarterly columns are labeled by the month the quarter ended. Figures in euros as reported (latest annual report filed April 8, 2026); data from EODHD.

IVA financial position

At the end of fiscal 2025 (December 31, 2025), Inventiva had total assets of €248.9 million (up 109.2% from a year earlier), total liabilities of €277.9 million and shareholders' equity of -€29.0 million. It held €99.3 million in cash and short-term investments against €59.4 million of debt, a net cash position of €39.9 million. Its current ratio was 3.15. In the latest quarter (ended June 30, 2026) total assets were €251.1 million and equity €59.0 million.

Related: IVA income statement, IVA cash flow statement, IVA key metrics. See the IVA stock overview for the latest quote and news.

IVA balance sheet FAQ

What are Inventiva's total assets?

Inventiva reported total assets of €248.9 million at the end of fiscal 2025 (December 31, 2025), compared with €119.0 million a year earlier.

How much debt does Inventiva have?

Inventiva had €59.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.

How much cash does Inventiva have?

Inventiva held €99.3 million in cash and short-term investments at the end of fiscal 2025; with €59.4 million of debt that is net cash of €39.9 million.

What is Inventiva's book value?

Inventiva's shareholders' equity (book value) was -€29.0 million at the end of fiscal 2025.

What is Inventiva's current ratio?

Inventiva had current assets of €243.8 million and current liabilities of €77.3 million, a current ratio of 3.15 (it can cover its short-term obligations).

How much goodwill does Inventiva have?

Inventiva carried €0.2 million of goodwill and intangible assets, 0.1% of total assets, at the end of fiscal 2025.

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