Filing Flows › Invivyd (IVVD) › Q2 2025
Invivyd (IVVD) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Invivyd (IVVD) reported revenue of $11.8M for the second quarter 2025 (Q2 2025), +421% from a year earlier and +4% from the quarter before. Operating margin was -127.8%, net loss $14.7M (124.4% of revenue).
Invivyd, Q2 2025: revenue $11.8M (+421% year over year), operating margin -127.8%, net loss $14.7M, operating cash flow −$13.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.8M | +4% | +421% |
| Operating profit | −$15.1M | — | — |
| Net earnings | −$14.7M | — | — |
| Operating cash flow | −$13.3M | — | — |
What changed
Revenue was $11.8M in Q2 2025, up 421% year over year and up 4% from the previous quarter.
Operating costs exceeded revenue by $15.1M, an operating margin of -127.8%. Total costs fell 48% while revenue rose 421%. The quarter ended with a net loss of $14.7M, narrower than the previous quarter's $16.3M loss.
Operating cash flow was −$13.3M. Non-cash charges added back $3.2M of share-based compensation. Working capital and other items used $1.8M. Capital expenditures of $11K exceeded it, leaving free cash flow of −$13.3M.
Questions
What was Invivyd's revenue in the second quarter 2025?
Invivyd (IVVD) reported revenue of $11.8M for the second quarter 2025 (Q2 2025), +421% from a year earlier and +4% from the quarter before.
Was Invivyd profitable in the second quarter 2025?
Operating loss was $15.1M (-127.8% of revenue) and net loss $14.7M.
Source: Invivyd 10-Q on SEC EDGAR.