INVZNasdaqMotor Vehicle Parts & AccessoriesFiscal year ends December 31
Innoviz Technologies Ltd.
Financials through Q4 FY2025, quarter ended Dec 31, 2025Last filing: 20-F on Mar 4, 2026
$0.28−0.01 (-2.05%)
Close on Oct 19, 2026
- Market cap
- $58.41M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2017 to 2025
Gross margin
23.4%−145.0 pts over 5 years
Operating margin
-123.0%−998.5 pts over 5 years
Net margin
-123.1%−993.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +127.0% | +109.1% | – | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 44.1% | -86.6% | |
| Return on assets | – | -83.0% | -50.1% | |
| Current ratio | – | 3.25 | 2.87 | |
| Debt to equity | – | -0.01 | – | |
| Net debt to EBITDA | – | 0.61× | – | |
| Inventory turnover | – | 3.7× | 16.1× | |
| Capex to revenue | – | -54.7% | 7.7% | |
| Diluted shares | – | 17M | 200M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Innoviz Technologies generated $393.86M from operations and spent $41.59M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$393.86M
Used
$41.59M
Capital expenditure$41.59M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-123.1%
×Asset turnover0.41×
×Equity multiplier1.73×
=Return on equity, FY2025-86.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -123.1% | 0.41× | 1.73× | -86.6% |
| FY2024 | -390.5% | 0.14× | 1.51× | -81.6% |
| FY2023 | -591.4% | 0.09× | 1.37× | -71.5% |
| FY2022 | -2105.4% | 0.02× | 1.19× | -51.7% |
| FY2021 | -2809.3% | 0.03× | 5.33× | -409.2% |
| FY2020 | 870.5% | -0.10× | -0.53× | 44.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$67.80M
- Cash generatingOperating cash flow above zero-$47.92M
- Return on assets improvedROA up on the prior year-43.2% → -51.3%
- Earnings backed by cashOperating cash flow above net income-$47.92M vs -$67.80M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.98 → 2.87
- No dilutionShare count did not rise167M → 200M
- Gross margin improvedGross margin up on the prior year-4.78% → 23.43%
- More efficientAsset turnover rose0.11 → 0.42