Filing Flows › Invivyd (IVVD) › Q3 2025
Invivyd (IVVD) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Invivyd (IVVD) reported revenue of $13.1M for the third quarter 2025 (Q3 2025), +41% from a year earlier and +11% from the quarter before. Operating margin was -84.0%, net loss $10.5M (79.7% of revenue).
Invivyd, Q3 2025: revenue $13.1M (+41% year over year), operating margin -84.0%, net loss $10.5M, operating cash flow −$8.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.1M | +11% | +41% |
| Operating profit | −$11.0M | — | — |
| Net earnings | −$10.5M | — | — |
| Operating cash flow | −$8.2M | — | — |
What changed
Revenue was $13.1M in Q3 2025, up 41% year over year and up 11% from the previous quarter.
Operating costs exceeded revenue by $11.0M, an operating margin of -84.0%. Total costs fell 66% while revenue rose 41%. The fastest-growing cost line was Other operating costs (+35%). The quarter ended with a net loss of $10.5M, narrower than the previous quarter's $14.7M loss.
Operating cash flow was −$8.2M. Non-cash charges added back $3.1M of share-based compensation. Working capital and other items used $853K.
Questions
What was Invivyd's revenue in the third quarter 2025?
Invivyd (IVVD) reported revenue of $13.1M for the third quarter 2025 (Q3 2025), +41% from a year earlier and +11% from the quarter before.
Was Invivyd profitable in the third quarter 2025?
Operating loss was $11.0M (-84.0% of revenue) and net loss $10.5M.
Source: Invivyd 10-Q on SEC EDGAR.