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INVE

Identiv, Inc.

INVE

Identiv, Inc. • NASDAQ
$3.37 ▼ -1.46% (-0.05)
Market Cap $80.03 M
52w High $4.29
52w Low $2.86
Dividend Yield 0%
P/E -4.11
Volume 32.52K
Outstanding Shares 23.75M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $5.009M ▼ $6.116M ▲ $-3.451M ▲ -68.896% ▲ $-0.14 ▲ $-3.682M ▲
Q2-2025 $5.04M ▼ $5.913M ▲ $-6.042M ▼ -119.881% ▼ $-0.26 ▼ $-5.333M ▼
Q1-2025 $5.269M ▼ $5.6M ▼ $-4.789M ▼ -90.89% ▼ $-0.21 ▼ $-4.555M ▲
Q4-2024 $6.697M ▲ $5.63M ▼ $-355K ▼ -5.301% ▼ $-0.19 ▼ $-5.391M ▲
Q3-2024 $6.532M $9.791M $85.949M 1.316K% $3.62 $-9.426M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $126.266M ▼ $151.024M ▼ $7.359M ▼ $143.665M ▼
Q2-2025 $129.339M ▼ $153.876M ▼ $7.461M ▼ $146.415M ▼
Q1-2025 $132.382M ▼ $158.735M ▼ $8.236M ▼ $150.499M ▼
Q4-2024 $135.646M ▼ $163.225M ▼ $9.156M ▼ $154.069M ▼
Q3-2024 $145.361M $177.029M $20.289M $156.74M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-3.451M ▲ $-2.881M ▲ $-54K ▲ $-44K ▲ $-3.073M ▼ $-3.292M ▲
Q2-2025 $-6.042M ▼ $-3.568M ▼ $-252K ▲ $-185K ▼ $-3.043M ▲ $-3.82M ▼
Q1-2025 $-4.789M ▼ $-3.28M ▲ $-301K ▲ $-169K ▲ $-3.264M ▲ $-3.581M ▲
Q4-2024 $-4.277M ▼ $-5.923M ▲ $-1.028M ▼ $-1.922M ▲ $-9.799M ▼ $-6.543M ▲
Q3-2024 $85.949M $-7.216M $142.888M $-9.058M $126.744M $-7.722M

Revenue by Products

Product Q2-2023Q3-2023Q4-2023Q1-2024
Identity
Identity
 $20.00M ▲$20.00M ▲$20.00M ▲$10.00M ▼
Physical Access Control Systems
Physical Access Control Systems
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been modest and fairly flat over the past several years, with only gradual growth and still limited scale. Gross profit exists but the cushion above costs has not been very wide, which leaves less room to absorb operating expenses. Operating results have generally hovered around break-even or small losses, indicating a business still working toward consistent profitability. The recent jump in reported net income looks more like a one‑off event, likely tied to the sale of a business segment, rather than evidence of a suddenly highly profitable core operation. Overall, the income statement tells the story of a company in transition, with promising technology but earnings that are not yet steady or deeply entrenched.

Balance Sheet

Balance Sheet The balance sheet has strengthened meaningfully, mainly because of a much larger cash position following the sale of the physical security business. Total assets have stepped up, and equity has grown, which improves the company’s financial cushion. Debt is low, reducing financial strain and interest obligations. In simple terms, Identiv now looks better capitalized and more financially flexible than in prior years, with a cleaner and more conservative balance sheet that can support its shift toward a focused IoT and RFID business.

Cash Flow

Cash Flow Cash generation from the core business has been soft, tending to hover close to break-even with occasional periods of modest cash burn. Free cash flow has generally mirrored this pattern, slightly negative at times, which suggests the business is still scaling and investing rather than throwing off large amounts of surplus cash. On the positive side, capital spending demands have been modest, which helps limit cash outflows. The key question going forward is whether the more focused IoT strategy can convert the stronger balance sheet into more durable, positive operating cash flow over time.

Competitive Edge

Competitive Edge Identiv occupies a specialized niche in RFID, NFC, and IoT security rather than competing head‑to‑head in broad, commoditized hardware markets. Its strength lies in deep engineering know‑how, custom tag design for difficult environments, and the ability to deliver end‑to‑end solutions that span tags, readers, and software. The company has built credibility in demanding sectors like healthcare, pharmaceuticals, and high‑security environments, where customization, reliability, and regulatory awareness matter more than lowest price. The sale of the physical security segment has turned Identiv into a more focused IoT player, sharpening its positioning but also narrowing its base, which increases both the potential upside and the dependence on success in a smaller set of markets.

Innovation and R&D

Innovation and R&D Innovation is a clear focal point. Identiv is pushing advanced RFID and NFC designs such as tags that work on metal surfaces, tamper‑evident labels, sensor‑enabled tags for measuring fill levels, temperature, and humidity, and eco‑friendly tag constructions. It is also moving into dual‑frequency tags, Bluetooth Low Energy devices, and cloud‑enabled access solutions, which can support applications from cold‑chain tracking to smart packaging and digital product passports. The company’s rapid‑prototyping capability and willingness to customize solutions for specific industries give its R&D efforts a practical, problem‑solving edge. The main uncertainty is not whether there is innovation, but how effectively this innovation will translate into scalable, profitable product lines and long‑term customer relationships.

Summary

Identiv today looks like a focused, niche IoT and RFID company with a stronger financial foundation but still‑developing earnings power. The income statement shows a business that has not yet achieved stable, high‑margin profitability, with recent net income flattered by asset sales rather than organic strength. The balance sheet, by contrast, is now notably healthier, with high cash, low debt, and more equity, giving management room to invest and adapt. Cash flows from operations remain fragile, so consistent improvement there will be an important marker of progress. Competitively, Identiv enjoys a differentiated position in specialized RFID and security applications and is leaning heavily on innovation and customization as its core edge. The company’s future path will largely depend on how well it executes its pure‑play IoT strategy, scales its innovative solutions in target verticals like healthcare and smart packaging, and turns its stronger financial position into durable, recurring, and cash‑generative growth.

NEWS

November 10, 2025 · 4:05 PM UTC

Identiv Reports Third Quarter 2025 Financial Results

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November 3, 2025 · 7:00 AM UTC

Identiv Sets Third Quarter 2025 Earnings Call for Monday, November 10, 2025, at 5:00 PM EST

Read more