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Invivyd cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$43.5M in Q2 2026 · −$110M over twelve months

Operating cash flow−$43.0M
Capital spending−$510K
Free cash flow−$43.5M

Analysis

In Q2 2026, Invivyd generated −$43.0M of operating cash flow and spent $510K on capital projects, leaving free cash flow of −$43.5M. That is $30.2M less than in Q2 2025 (−$13.3M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$108M; the largest uses were operating cash flow ($108M), capital spending ($1.2M); besides operations, cash came from other financing ($234M), shares issued ($784K); the cash balance rose by $125M.

Operating cash flow was −$43.0M against net income of −$44.4M. The largest differences: accrued liabilities −$8.1M, payables +$7.3M, stock-based pay +$2.9M.

Free cash flow

Invivyd: free cash flow by quarterInvivyd: free cash flow by quarter−$41.1MQ3 2024−$37.6MQ4 2024−$21.3MQ1 2025−$13.3MQ2 2025−$8.2MQ3 2025−$15.5MQ4 2025−$42.4MQ1 2026−$43.5MQ2 2026
Operating cash flow less capital spending.
Invivyd: operating cash flow against capital spendingInvivyd: operating cash flow against capital spendingOperating cash flowCapital spending−$41.1M$5KQ3 2024−$37.6M−$5KQ4 2024−$21.1M$144KQ1 2025−$13.3M$11KQ2 2025−$8.2M$0Q3 2025−$15.5M$0Q4 2025−$41.7M$726KQ1 2026−$43.0M$510KQ2 2026
Latest (Q2 2026): Operating cash flow −$43.0M, Capital spending $510K.

Capital allocation, year by year

Invivyd: where the cash came from (up) and went (down), by fiscal yearInvivyd: where the cash came from (up) and went (down), by fiscal yearOperating cash flowShares issuedCapital spendingBuybacksFY2021: Operating cash flow −$185MFY2021: Shares issued $335MFY2021: Capital spending −$84K$335MFY2021FY2022: Operating cash flow −$220MFY2022: Shares issued $510KFY2022: Capital spending −$1.7MFY2022: Buybacks −$4K$510KFY2022FY2023: Operating cash flow −$173MFY2023: Shares issued $1.2MFY2023: Capital spending −$615KFY2023: Buybacks −$1K$1.2MFY2023FY2024: Operating cash flow −$170MFY2024: Shares issued $643KFY2024: Capital spending −$140K$643KFY2024FY2025: Operating cash flow −$58.1MFY2025: Shares issued $665KFY2025: Capital spending −$155K$665KFY2025
Over these 5 years operating cash flow totalled −$807M; the largest uses were operating cash flow ($807M) and capital spending ($2.7M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$160M
Debtnone
Net cash$160M
Cash runway18 months

Invivyd is burning cash: its operations consume cash, a free cash flow of −$110M a year at the current rate against $160M of cash and investments: a runway of about 18 months before any new financing.

Where the cash came from and went

Invivyd: sources (+) and uses (−) of cash, Q2 2026Invivyd: sources (+) and uses (−) of cash, Q2 2026Operating cash flow−$43.0MCash drawn (+) / kept (−)$24.1MOther financing$19.3MCapital spending−$510KShares issued$137K
Invivyd: sources (+) and uses (−) of cash, TTM to Q2 2026Invivyd: sources (+) and uses (−) of cash, TTM to Q2 2026Other financing$234MCash drawn (+) / kept (−)−$125MOperating cash flow−$108MCapital spending−$1.2MShares issued$784K

From profit to cash

Invivyd: net income to operating cash flow, Q2 2026Invivyd: net income to operating cash flow, Q2 2026Net income−$44.4MStock-based pay$2.9MOther non-cash−$47KReceivables$476KInventory$61KPayables$7.3MAccrued liabilities−$8.1MPrepaid and other assets−$1.6MOther liabilities$15KOperating cash flow−$43.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingShares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026−$43.0M−$510K$137K$24.1M−$43.5M
Q1 2026−$41.7M−$726K$209K$42.5M−$42.4M
Q4 2025−$15.5M—$382K−$142M−$15.5M
Q3 2025−$8.2M—$56K−$50.1M−$8.2M
Q2 2025−$13.3M−$11K$146K$13.2M−$13.3M
Q1 2025−$21.1M−$144K$81K$21.3M−$21.3M
Q4 2024−$37.6M$5K$167K$37.5M−$37.6M
Q3 2024−$41.1M−$5K$124K$41.0M−$41.1M

Invivyd: income statement and cash flow

Invivyd, Q2 2026: revenue $14.3M (+21% year over year), operating margin -320.8%. The chart follows the revenue to costs, profit and cash.

Invivyd: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.