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INVZ

Innoviz Technologies Ltd.

INVZ

Innoviz Technologies Ltd. • NASDAQ
$1.28 ▲ 4.92% (+0.06)
Market Cap $266.68 M
52w High $3.14
52w Low $0.48
Dividend Yield 0%
P/E -3.66
Volume 1.94M
Outstanding Shares 208.34M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $15.278M ▲ $18.097M ▼ $-15.419M ▲ -100.923% ▲ $-0.076 ▲ $-14.024M ▲
Q2-2025 $9.747M ▼ $18.543M ▼ $-18.479M ▼ -189.587% ▼ $-0.092 ▼ $-15.645M ▼
Q1-2025 $17.39M ▲ $21.006M ▲ $-12.642M ▲ -72.697% ▲ $-0.068 ▲ $-12.647M ▲
Q4-2024 $6.027M ▲ $19.788M ▼ $-18.596M ▲ -308.545% ▲ $-0.11 ▲ $-17.657M ▲
Q3-2024 $4.52M $26.014M $-24.856M -549.912% $-0.15 $-24.022M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $74.378M ▼ $151.063M ▼ $61.396M ▲ $89.667M ▼
Q2-2025 $79.379M ▼ $151.105M ▼ $57.985M ▲ $93.12M ▼
Q1-2025 $85.383M ▲ $157.124M ▲ $49.359M ▼ $107.765M ▲
Q4-2024 $67.948M ▼ $132.049M ▼ $53.12M ▲ $78.929M ▼
Q3-2024 $87.719M $144.37M $51.742M $92.628M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-15.419M ▲ $-13.729M ▼ $-769K ▼ $8.864M ▲ $-5.649M ▼ $-14.015M ▼
Q2-2025 $-18.479M ▼ $-6.298M ▲ $5.475M ▲ $-184K ▼ $166K ▲ $-7.307M ▲
Q1-2025 $-12.642M ▲ $-18.76M ▼ $-30.87M ▼ $37.738M ▲ $-11.996M ▼ $-20.675M ▼
Q4-2024 $-18.596M ▲ $-17.843M ▼ $15.078M ▼ $55K ▼ $-2.584M ▼ $-19.034M ▼
Q3-2024 $-24.856M $-16.484M $20.087M $58K $3.886M $-17.676M

Five-Year Company Overview

Income Statement

Income Statement Innoviz is still very much in the “build” phase, not the “earnings” phase. Revenue so far is very small, though it has been inching upward. Gross margins have been weak or negative, which is typical for an early hardware company still scaling production. Operating losses and net losses are sizable and have persisted for several years, reflecting heavy spending on engineering, commercialization, and programs with automakers. The trend shows some gradual improvement in per‑share losses, but the business is still far from break-even and remains dependent on future volume ramp-ups and program wins to change that picture.

Balance Sheet

Balance Sheet The balance sheet shows a modest but reasonable asset base relative to the company’s current scale. Cash is a key line item and, while not large, has been kept relatively stable, likely thanks to past capital raises. Debt appears limited, which reduces financial strain but also means the company relies mainly on equity and cash on hand to fund its plans. Shareholders’ equity moved from negative in the early days to positive after the SPAC, though it has been eroded over time by ongoing losses. Overall, there is some financial cushion, but not a deep one, making future funding needs an important risk to watch.

Cash Flow

Cash Flow Cash flows highlight a classic early-stage, R&D-heavy profile: operating cash burn has been steady and meaningful every year, and free cash flow is consistently negative. Capital spending is relatively light, so most of the cash outflow is tied to people, development, and scaling activities rather than big factories or equipment. This means the core issue is not one-time investments but ongoing burn until major customer programs move into volume production. Without a shift toward stronger inflows from production and engineering contracts, the company may eventually need additional external capital to sustain its roadmap.

Competitive Edge

Competitive Edge Innoviz has carved out a credible position in the crowded LiDAR field by focusing on automotive-grade performance and by securing direct relationships with major automakers. Being chosen as a Tier‑1 supplier to brands like BMW and working closely with groups such as Volkswagen, Mobileye, and NVIDIA gives it validation, deep integration, and higher switching costs once embedded in vehicle platforms. Its combination of hardware plus perception software, focus on reliability, and ability to manufacture at scale with partners provide important differentiators. That said, competition in LiDAR remains intense, customer wins can be concentrated, and automotive adoption timelines are long and uncertain, so its competitive edge must be continually defended and converted into large-volume production contracts.

Innovation and R&D

Innovation and R&D The company is clearly innovation-led. It has rapidly iterated from its first LiDAR generation to InnovizTwo and then to InnovizThree, each step targeting better performance, lower cost, and easier integration into vehicles, including behind the windshield. Alongside the hardware, Innoviz has invested heavily in perception software that turns raw sensor data into actionable insight, which deepens its value proposition. Its growing patent portfolio and partnerships in both automotive and adjacent markets (like security and smart infrastructure) show that R&D is central to its strategy. The key question is execution: turning this strong technology base into durable, profitable programs while managing the high ongoing cost of innovation.

Summary

Innoviz is an early-stage, technology-driven LiDAR company with promising partnerships but still very limited revenue and persistent losses. Financially, it operates with a modest buffer: a decent asset and cash base relative to its size, low leverage, but steady cash burn and no current self-funding from operations. Strategically, it stands out through deep automotive relationships, Tier‑1 supplier status, and an integrated hardware‑plus‑software offering backed by significant R&D and intellectual property. The upside case depends on converting design wins with major automakers and ecosystem partners into high-volume production and expanding into non‑automotive uses. The main risks center on funding needs, competitive pressure, and the inherently long, uncertain timelines of autonomous and advanced driver‑assistance adoption.

NEWS

November 12, 2025 · 7:00 AM UTC

Innoviz Reports Third Quarter 2025 Results

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October 22, 2025 · 8:00 AM UTC

Innoviz Sets Third Quarter 2025 Conference Call for Wednesday, November 12 at 9:00 a.m. ET

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September 30, 2025 · 8:00 AM UTC

Innoviz Technologies Enhances its Automotive Tier-1 Supplier Position by Achieving Key Certification for LiDAR Testing Laboratories

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