Innoviz Technologies Ltd. (INVZ) Income Statement
INVZ 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsINVZ revenue and net income
Where INVZ's revenue goes
2025Each bar shows an amount and its share of revenue. INVZ kept −123.1% of revenue as net income.
INVZ profit margins
INVZ growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +127.0% | +109.1% | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
INVZ quarterly EPS vs estimates
Innoviz Technologies beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 11, 2026 (estimate $-0.09).
INVZ income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $55.1M | $24.3M | $20.9M | $6.0M | $5.5M | $0 | $1.6M | $62,000 |
| Cost of revenue | $42.2M | $25.4M | $32.5M | $14.8M | $10.5M | $6.4M | $2.0M | $53,000 |
| Gross profit | $12.9M | −$1.2M | −$11.6M | −$8.8M | −$5.0M | −$15.8M | −$411,000 | $9,000 |
| Research & development | $56.5M | $73.8M | $92.7M | $95.1M | $93.3M | $57.0M | $59.4M | $48.3M |
| Sales, general & admin | $24.2M | $26.9M | $28.3M | $29.5M | $59.3M | $9.2M | $9.7M | $8.0M |
| Total operating expenses | $80.6M | $100.8M | $121.0M | $124.6M | $152.6M | $66.2M | $69.0M | $56.3M |
| Operating income | −$67.7M | −$101.9M | −$132.6M | −$133.3M | −$157.7M | −$82.0M | −$69.5M | −$56.3M |
| Interest income | $109,000 | $7.3M | $9.8M | $6.8M | $4.4M | — | — | — |
| Interest expense | — | — | — | $6.8M | $4.4M | $655,000 | $2.2M | $107,000 |
| Income before taxes | −$67.6M | −$94.6M | −$122.8M | −$126.5M | −$153.3M | −$81.3M | −$67.3M | −$56.4M |
| Income taxes | $171,000 | $167,000 | $642,000 | $325,000 | $284,000 | $183,000 | $10,000 | $32,000 |
| Net income | −$67.8M | −$94.8M | −$123.5M | −$126.9M | −$153.6M | −$81.5M | −$67.3M | −$56.4M |
| EBITDA | −$61.8M | −$86.8M | −$113.6M | −$119.1M | −$149.3M | −$79.3M | −$67.8M | −$55.6M |
| EPS (diluted) | −$0.34 | −$0.57 | −$0.85 | −$0.91 | −$2.19 | −$1.25 | −$2.48 | −$3.76 |
| Gross margin | 23.4% | −4.8% | −55.6% | −145.4% | −91.9% | — | −26.1% | 14.5% |
| Operating margin | −123.0% | −420.0% | −635.2% | −2,212.9% | −2,884.2% | — | −4,410.0% | −90,743.5% |
| Net margin | −123.1% | −390.5% | −591.4% | −2,105.4% | −2,809.3% | — | −4,273.1% | −90,967.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.1M | $7.1M | $12.7M | $15.3M | $9.7M | $17.4M | $6.0M | $4.5M | $6.7M | $7.1M | $14.9M | $3.5M |
| Cost of revenue | $17.4M | $8.7M | $10.6M | $13.0M | $8.2M | $10.4M | $5.5M | $4.7M | $6.9M | $8.4M | $17.2M | $5.7M |
| Gross profit | $697,000 | −$1.6M | $2.1M | $2.3M | $1.6M | $7.0M | $539,000 | −$166,000 | −$237,000 | −$1.3M | −$2.3M | −$2.2M |
| Research & development | $11.7M | $16.8M | $16.1M | $12.4M | $13.2M | $14.8M | $13.5M | $19.7M | $16.8M | $23.8M | $22.1M | $20.7M |
| Sales, general & admin | $7.4M | $8.1M | $6.9M | $5.7M | $5.4M | $6.2M | $6.3M | $6.3M | $6.5M | $7.8M | $7.4M | $7.1M |
| Total operating expenses | $19.1M | $24.9M | $23.0M | $18.1M | $18.5M | $21.0M | $19.8M | $26.0M | $23.3M | $31.7M | $29.5M | $27.8M |
| Operating income | −$18.4M | −$26.5M | −$20.9M | −$15.8M | −$17.0M | −$14.0M | −$19.2M | −$26.2M | −$23.5M | −$33.0M | −$31.8M | −$30.0M |
| Interest income | — | $308,000 | $276,000 | $414,000 | — | $1.4M | $691,000 | $1.4M | $2.4M | $2.9M | $1.5M | $3.1M |
| Interest expense | — | — | $276,000 | — | $1.4M | — | — | — | — | — | — | — |
| Income before taxes | −$18.5M | −$26.2M | −$21.2M | −$15.4M | −$18.4M | −$12.6M | −$18.6M | −$24.8M | −$21.1M | −$30.1M | −$30.3M | −$27.0M |
| Income taxes | $37,000 | $35,000 | $52,000 | $34,000 | $51,000 | $34,000 | $38,000 | $52,000 | $24,000 | $53,000 | $122,000 | $52,000 |
| Net income | −$18.5M | −$26.2M | −$21.3M | −$15.4M | −$18.5M | −$12.6M | −$18.6M | −$24.9M | −$21.2M | −$30.1M | −$30.5M | −$27.0M |
| EBITDA | −$17.2M | −$24.8M | −$19.1M | −$14.0M | −$15.6M | −$11.2M | −$17.0M | −$22.6M | −$19.6M | −$27.6M | −$26.4M | −$24.7M |
| EPS (diluted) | −$0.08 | −$0.12 | −$0.10 | −$0.08 | −$0.09 | −$0.07 | −$0.11 | −$0.15 | −$0.13 | −$0.18 | −$0.18 | −$0.18 |
| Gross margin | 3.9% | −22.2% | 16.3% | 15.0% | 16.0% | 40.1% | 8.9% | −3.7% | −3.6% | −18.4% | −15.3% | −64.3% |
| Operating margin | −101.9% | −371.1% | −165.1% | −103.4% | −174.2% | −80.6% | −319.4% | −579.2% | −352.7% | −467.4% | −213.2% | −862.2% |
| Net margin | −102.4% | −367.3% | −167.7% | −100.9% | −189.6% | −72.7% | −308.5% | −549.9% | −317.6% | −427.1% | −204.1% | −776.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in INVZ's financial statements (latest annual report filed March 4, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
INVZ financial results
In fiscal year 2025 (ended December 31, 2025), Innoviz Technologies reported revenue of $55.1 million, up 127.0% from the year before. It had a net loss of $67.8 million, a net profit margin of −123.1%. Diluted earnings per share came to −$0.34.
See the INVZ stock overview for the latest quote and news, or the INVZ chart for price history and technical indicators.
INVZ income statement FAQ
What is Innoviz Technologies's annual revenue?
Innoviz Technologies reported total revenue of $55.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 127.0% from $24.3 million the previous year.
Is Innoviz Technologies profitable?
No. Innoviz Technologies reported a net loss of $67.8 million in fiscal 2025, a net profit margin of −123.1%; its operating margin was −123.0%.
What is Innoviz Technologies's gross margin?
Innoviz Technologies's gross margin was 23.4% in fiscal 2025: for every $100 of revenue, Innoviz Technologies kept $23 after the direct cost of its products and services.
How much does Innoviz Technologies spend on research and development?
Innoviz Technologies spent $56.5 million on research and development in fiscal 2025, 102.5% of revenue.
What are Innoviz Technologies's earnings per share?
Innoviz Technologies earned $-0.34 per diluted share in fiscal 2025, compared with $-0.57 a year earlier.
When will Innoviz Technologies report its next earnings?
Innoviz Technologies is expected to report results for the quarter ending September 30, 2026 on November 11, 2026 before the market opens.
When does Innoviz Technologies's fiscal year end?
Innoviz Technologies's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 4, 2026.