Filing Flows › Invivyd (IVVD) › Q4 2025
Invivyd (IVVD) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 5, 2026
Invivyd (IVVD) reported revenue of $17.2M for the fourth quarter 2025 (Q4 2025), +25% from a year earlier and +31% from the quarter before. Operating margin was -73.0%, net loss $11.1M (64.3% of revenue).
Invivyd, Q4 2025: revenue $17.2M (+24% year over year), operating margin -73.0%, net loss $11.1M, operating cash flow −$15.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.2M | +31% | +25% |
| Operating profit | −$12.6M | — | — |
| Net earnings | −$11.1M | — | — |
| Operating cash flow | −$15.5M | — | — |
What changed
Revenue was $17.2M in Q4 2025, up 25% year over year and up 31% from the previous quarter.
Operating costs exceeded revenue by $12.6M, an operating margin of -73.0%. Total costs fell 10% while revenue rose 25%. The fastest-growing cost line was Other operating costs (+57%). The quarter ended with a net loss of $11.1M, wider than the previous quarter's $10.5M loss.
Operating cash flow was −$15.5M. Non-cash charges added back $2.6M of share-based compensation. Working capital and other items used $6.9M.
Questions
What was Invivyd's revenue in the fourth quarter 2025?
Invivyd (IVVD) reported revenue of $17.2M for the fourth quarter 2025 (Q4 2025), +25% from a year earlier and +31% from the quarter before.
Was Invivyd profitable in the fourth quarter 2025?
Operating loss was $12.6M (-73.0% of revenue) and net loss $11.1M.
Source: Invivyd 10-K on SEC EDGAR.