Filing Flows › Invivyd (IVVD) › Q1 2026
Invivyd (IVVD) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Invivyd (IVVD) reported revenue of $13.7M for the first quarter 2026 (Q1 2026), +22% from a year earlier and -20% from the quarter before. Operating margin was -313.9%, net loss $41.4M (301.2% of revenue).
Invivyd, Q1 2026: revenue $13.7M (+22% year over year), operating margin -313.9%, net loss $41.4M, operating cash flow −$41.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.7M | -20% | +22% |
| Operating profit | −$43.1M | — | — |
| Net earnings | −$41.4M | — | — |
| Operating cash flow | −$41.7M | — | — |
What changed
Revenue was $13.7M in Q1 2026, up 22% year over year and down 20% from the previous quarter.
Operating costs exceeded revenue by $43.1M, an operating margin of -313.9%. Total costs grew 102% against revenue growth of 22%. The fastest-growing cost line was Research & development (+189%). The quarter ended with a net loss of $41.4M, wider than the previous quarter's $11.1M loss.
Operating cash flow was −$41.7M. Non-cash charges added back $2.7M of share-based compensation. Working capital and other items used $3.0M. Capital expenditures of $726K exceeded it, leaving free cash flow of −$42.4M.
Questions
What was Invivyd's revenue in the first quarter 2026?
Invivyd (IVVD) reported revenue of $13.7M for the first quarter 2026 (Q1 2026), +22% from a year earlier and -20% from the quarter before.
Was Invivyd profitable in the first quarter 2026?
Operating loss was $43.1M (-313.9% of revenue) and net loss $41.4M.
Source: Invivyd 10-Q on SEC EDGAR.